Lumax Industries Ltd

Lumax Industries Ltd

₹ 3,230 0.52%
11 Jun 1:37 p.m.
About

Lumax Industries Limited is the flagship company of the DK Jain Group. It was founded as a trading company in 1945 and today it has evolved as market leader of automobile lighting in the Indian automotive industry. In 1984, company entered into a technical collaboration with Stanley Electric Co. Ltd., Japan (SECL), which currently holds around 37.5% equity stake in the company. Other 37.5% is held by Indian promoters (D.K. Jain and family). Company has 29 manufacturing facilities across 7 states in India. [1] [2]

Key Points

Product Portfolio
a) Lighting Solutions[1][2]
Front Lighting: - Headlamps, Fog Lamps, Daytime Running Lamps
Rear Lighting: ** Tail Lamps, Rear Combination Lamps, Signal Lamps
Other Lamps:** Side Indicators, Auxiliary Lamps.

  • Market Cap 3,020 Cr.
  • Current Price 3,230
  • High / Low 3,300 / 1,960
  • Stock P/E 33.0
  • Book Value 641
  • Dividend Yield 1.07 %
  • ROCE 13.4 %
  • ROE 16.1 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 36.5%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
549 512 620 579 608 618 644 632 743 766 816 887 923
492 469 560 523 560 567 589 574 678 709 757 816 846
Operating Profit 57 43 60 56 48 51 54 58 65 57 59 71 78
OPM % 10% 8% 10% 10% 8% 8% 8% 9% 9% 7% 7% 8% 8%
-3 4 4 1 -0 3 2 28 5 12 1 1 16
Interest 5 6 7 8 9 10 11 13 14 16 19 19 17
Depreciation 17 19 20 20 21 21 21 23 26 26 26 27 33
Profit before tax 33 23 37 30 18 23 24 50 29 27 15 26 43
Tax % 20% 34% 33% 28% 50% 35% 34% 27% 36% 26% 15% 15% 16%
26 15 25 22 9 15 16 36 19 20 13 22 36
EPS in Rs 27.92 16.28 26.33 23.29 9.67 15.89 17.11 38.91 20.19 21.34 13.88 23.75 38.93
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,110 1,136 1,252 1,271 1,649 1,851 1,602 1,426 1,751 2,320 2,637 3,400
1,059 1,077 1,164 1,170 1,515 1,698 1,443 1,326 1,616 2,112 2,408 3,125
Operating Profit 51 59 89 101 135 154 158 100 135 208 229 276
OPM % 5% 5% 7% 8% 8% 8% 10% 7% 8% 9% 9% 8%
7 6 4 6 9 62 10 25 -4 9 38 19
Interest 17 14 13 11 8 16 22 29 22 30 48 72
Depreciation 37 36 38 41 48 60 64 65 64 80 92 111
Profit before tax 4 14 42 55 88 139 82 32 46 107 126 112
Tax % -103% -16% 10% 16% 28% 23% 12% 46% 23% 34% 32% 18%
8 17 37 46 63 107 72 17 35 71 86 92
EPS in Rs 8.24 17.73 39.98 49.34 67.65 114.89 77.36 18.23 37.90 75.57 92.09 97.90
Dividend Payout % 42% 31% 30% 29% 34% 30% 30% 38% 36% 36% 38% 36%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 25%
TTM: 29%
Compounded Profit Growth
10 Years: 19%
5 Years: 5%
3 Years: 24%
TTM: 7%
Stock Price CAGR
10 Years: 27%
5 Years: 27%
3 Years: 40%
1 Year: 16%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 16%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 164 171 195 238 284 363 375 388 413 472 531 590
158 159 127 92 104 140 347 338 401 431 716 882
398 424 463 472 737 602 467 540 629 820 1,161 1,140
Total Liabilities 729 764 794 812 1,134 1,114 1,198 1,276 1,452 1,732 2,418 2,621
385 396 408 419 518 549 653 627 711 743 958 1,095
CWIP 34 26 17 20 34 50 32 47 48 43 177 212
Investments 5 5 5 5 5 5 5 5 8 16 21 23
306 337 365 368 578 510 508 596 685 930 1,262 1,292
Total Assets 729 764 794 812 1,134 1,114 1,198 1,276 1,452 1,732 2,418 2,621

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
61 59 81 100 140 104 103 76 108 111 133 200
-18 -30 -37 -62 -128 -97 -194 -31 -129 -93 -245 -286
-46 -13 -59 -39 -11 -6 96 -51 34 -26 137 60
Net Cash Flow -3 16 -15 -2 1 1 6 -5 13 -9 24 -26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 43 46 53 55 70 44 39 55 48 48 48 50
Inventory Days 35 51 45 58 63 63 75 94 91 96 129 92
Days Payable 130 136 135 163 202 117 131 159 163 142 156 147
Cash Conversion Cycle -52 -40 -36 -51 -68 -11 -17 -9 -24 2 21 -6
Working Capital Days -43 -40 -34 -31 -35 -22 -17 2 4 13 12 17
ROCE % 6% 9% 16% 20% 26% 26% 17% 8% 11% 16% 16% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.24% 0.47% 0.65% 0.84% 1.12% 1.15% 1.12% 1.09% 1.17% 1.18% 0.92% 0.97%
0.30% 0.56% 0.57% 0.62% 1.03% 1.27% 1.42% 1.46% 1.57% 3.56% 4.94% 5.63%
24.46% 23.95% 23.79% 23.54% 22.84% 22.57% 22.45% 22.44% 22.25% 20.27% 19.13% 18.39%
No. of Shareholders 21,54219,71220,00120,08919,41019,74219,39519,32919,99918,88418,81418,660

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls