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Lumax Industries Limited

Lumax Industries Limited

LUMAXIND.NS
Lumax Industries LimitedIN flagNational Stock Exchange of India
5,379.50
INR
+133.00
- -
50.29BMarket Cap
Lumax Industries Limited
LUMAXIND.NS
(National Stock Exchange of India)

Recent

price

5,379.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
926.69
1,053.9
1,144.88
1,194.62
1,222.29
1,342.76
1,355.48
1,763.37
1,977.58
1,711.25
1,523.45
1,870.53
2,477.95
2,814.8
3,637.63
- -
4,476.07
Revenue per Share
19.23
13.71
14.53
8.24
17.73
55.66
58.16
76.34
111.04
76.91
19.42
43.57
110.27
118.76
149.67
- -
184.5
Basic EPS, GAAP
5.06
-62.83
30.72
27.48
14.44
44.3
31.76
7.97
-50.07
-68.12
9.44
-22.99
18.3
-138.33
-120.3
- -
- -
Free Cash Flow per Basic Share
3
6
6
4.5
3.5
17.5
- -
14.5
23
52.02
6.02
7.03
13.5
27
35
- -
- -
Dividend per Share
25.56
30.91
10
42.01
47.78
124.67
175.77
222.93
289.42
301.8
316.73
350.23
448.03
537.38
651.87
- -
10
Book Value per Share
162.4
166.5
176.08
181.78
190.11
271.04
327.12
382.6
459.47
460.93
477.04
507.37
604.67
699.56
808.25
- -
963.18
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
- -
9
Basic Weighted Avg Shares
8,662
9,852
10,702
11,167
11,426
12,552
12,671
16,484
18,486
15,996
14,241
17,485
23,163
26,312
34,004
41,842
41,842
Sales/Revenue/Turnover
4.6
2.33
2.82
1.39
2.12
4.1
4.71
5.4
5.72
6.54
3.69
4.59
6.06
5.33
4.88
6.06
5.58
Operating Margin (%)
240
237
316
366
362
379
414
479
603
635
645
637
799
928
1,133
1,517
1,517
Depreciation Expense
180
128
136
77
166
520
544
714
1,038
719
182
407
1,031
1,110
1,399
1,725
1,725
Net Income, GAAP
24.27
5.31
12.71
- -
- -
10.26
16.08
26.84
22.7
21.62
45.09
22.9
30.88
30.25
21.29
22.49
22.49
Effective Tax Rate (%)
2.07
1.3
1.27
0.69
1.45
4.14
4.29
4.33
5.61
4.49
1.27
2.33
4.45
4.22
4.11
4.12
4.12
Profit Margin (%)
-579
-958
-1,270
-1,519
-1,836
-1,972
-1,871
-2,569
-2,464
-3,023
-2,903
-2,729
-2,332
-3,054
-3,952
-4,950
-4,950
Working Capital
472
1,135
1,010
745
376
106
36
23
9
543
362
938
1,055
2,715
3,185
2,956
2,956
LT Debt
1,545
1,608
1,694
1,733
1,803
2,559
3,091
3,620
4,349
4,465
4,604
4,917
5,836
6,715
7,743
9,175
9,175
Total Equity
12.8
8.17
8.77
- -
- -
13.61
12.77
15.05
15.77
12.04
3.63
7.33
10.18
8.12
8.56
11.06
10.19
Return on Invested Capital (%)
23.95
18.09
19.22
- -
- -
31.19
25.3
26.92
32.05
17.14
5.35
8.4
15.64
13.92
14.46
18.54
18.54
Return on Capital (%)
108.13
48.55
71.05
31.67
39.49
64.55
38.72
38.29
43.34
26.02
6.28
13.06
27.63
24.1
25.17
55.75
55.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,860
- -
6,775
LT Borrowings
1,861
- -
1,447
LT Finance Leases
1,172
- -
1,510
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
- -
9
Market Capitalization
47,214
48,777
43,505

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
13,269
- -
15,762
Cash, Cash Equivalents & STI
744
- -
1,122
Accounts Receivable, Net
5,059
- -
6,300
Inventories
5,760
- -
6,431
Total Current Liabilities
18,348
- -
20,712
Payables & Accruals
- -
- -
- -
ST Debt
6,860
- -
6,775
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.82%
14.87%
18.5%
Free Cash Flow
-247.53%
-313.18%
-173.92%
Net Income, GAAP
31.02%
66.89%
23.27%
Sales/Revenue/Turnover
13.99%
24.22%
23.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,184
6,438
6,317
7,373
26,312
2025
7,658
8,118
8,871
9,234
34,004
2026
9,225
10,086
10,527
12,003
41,842

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.73
28.08
27.37
- -
118.76
2025
36.56
30.25
35.82
47.04
149.67
2026
38.71
38.13
49.79
57.87
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
27
2025
- -
- -
- -
- -
35
2026
- -
- -
- -
- -
- -
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Business
Lumax Industries Limited manufactures automotive lighting systems and components for two-wheelers, four-wheelers, commercial vehicles, tractors, and farm equipment in India. The company produces headlamps, tail lamps, fog lamps, auxiliary lamps, indicators, sundry lamps, front and rear lighting systems, daytime running lamps, adaptive driving beam systems, high mount stop lights, LED side indicators, HVAC panels, and other electronic components; it also offers air intake systems, urea tanks, integrated plastic modules, gear shifters, transmission products, seat structures, two-wheeler chassis and swing arms, three-wheeler trailing arms, power window switches, on-board antennas, and vehicle interior systems. Lumax Industries maintains long-term technical partnerships with global leaders including Stanley Electric Co. Limited of Japan, Cornaglia of Italy, SL Corporation of South Korea, and others such as Alps Alpine, Mannoh, JOPP, YOKOWO, IO Industry, and IAC. Founded in 1945 and headquartered in Gurugram, Haryana, the company operates twelve ultra-modern manufacturing facilities across India near major OEM customers like Hero MotoCorp, Honda, Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Toyota, and Ashok Leyland, with R&D centers in India and design centers in Taiwan and the Czech Republic; it holds over 60% market share in the Indian automotive lighting sector and reported revenue of Rs 2,559 crore in FY2024. Recent developments include board approval in March 2024 for a new manufacturing facility at Sanand, Gujarat (Plant-3), and expansion of the Chakan plant Phase-II in Pune to support advanced lighting orders from OEMs, expected to commission by Q3 FY2025; additionally, group company Lumax Auto Technologies acquired a 60% stake in Greenfuel Energy Solutions for Rs 133 crore in November 2025 to enter green fuels like CNG and hydrogen, alongside increased capex guidance to Rs 2,200-2,600 million for FY2026 to bolster capacity and localization.