Lumax Industries Ltd
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]
- Market Cap ₹ 2,386 Cr.
- Current Price ₹ 2,552
- High / Low ₹ 2,843 / 1,710
- Stock P/E 30.3
- Book Value ₹ 521
- Dividend Yield 1.06 %
- ROCE 16.3 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 36.6%
Cons
- Stock is trading at 4.90 times its book value
- The company has delivered a poor sales growth of 7.06% over past five years.
- Company has a low return on equity of 11.0% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
980 | 1,063 | 1,110 | 1,136 | 1,252 | 1,271 | 1,649 | 1,851 | 1,602 | 1,426 | 1,751 | 2,320 | 2,502 | |
934 | 1,002 | 1,059 | 1,077 | 1,164 | 1,170 | 1,515 | 1,698 | 1,443 | 1,326 | 1,616 | 2,112 | 2,291 | |
Operating Profit | 46 | 61 | 51 | 59 | 89 | 101 | 135 | 154 | 158 | 100 | 135 | 208 | 211 |
OPM % | 5% | 6% | 5% | 5% | 7% | 8% | 8% | 8% | 10% | 7% | 8% | 9% | 8% |
4 | 5 | 7 | 6 | 4 | 6 | 9 | 62 | 10 | 25 | -4 | 9 | 32 | |
Interest | 12 | 19 | 17 | 14 | 13 | 11 | 8 | 16 | 22 | 29 | 22 | 30 | 42 |
Depreciation | 24 | 32 | 37 | 36 | 38 | 41 | 48 | 60 | 64 | 65 | 64 | 80 | 87 |
Profit before tax | 14 | 16 | 4 | 14 | 42 | 55 | 88 | 139 | 82 | 32 | 46 | 107 | 115 |
Tax % | 5% | 13% | -103% | -16% | 10% | 16% | 28% | 23% | 12% | 46% | 23% | 34% | |
13 | 14 | 8 | 17 | 37 | 46 | 63 | 107 | 72 | 17 | 35 | 71 | 76 | |
EPS in Rs | 13.70 | 14.54 | 8.24 | 17.73 | 39.98 | 49.34 | 67.65 | 114.89 | 77.36 | 18.23 | 37.90 | 75.57 | 81.58 |
Dividend Payout % | 44% | 31% | 42% | 31% | 30% | 29% | 34% | 30% | 30% | 38% | 36% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 13% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 3% |
3 Years: | 0% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 8% |
3 Years: | 19% |
1 Year: | 24% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 15% |
3 Years: | 11% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 151 | 160 | 164 | 171 | 195 | 238 | 284 | 363 | 375 | 388 | 413 | 472 | 478 |
181 | 176 | 158 | 159 | 127 | 92 | 104 | 140 | 347 | 338 | 401 | 431 | 597 | |
372 | 392 | 398 | 424 | 463 | 472 | 737 | 602 | 467 | 540 | 629 | 820 | 868 | |
Total Liabilities | 714 | 737 | 729 | 764 | 794 | 812 | 1,134 | 1,114 | 1,198 | 1,276 | 1,452 | 1,732 | 1,953 |
351 | 406 | 385 | 396 | 408 | 419 | 518 | 549 | 653 | 627 | 711 | 743 | 717 | |
CWIP | 50 | 19 | 34 | 26 | 17 | 20 | 34 | 50 | 32 | 47 | 48 | 43 | 179 |
Investments | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 8 | 16 | 16 |
308 | 308 | 306 | 337 | 365 | 368 | 578 | 510 | 508 | 596 | 685 | 930 | 1,041 | |
Total Assets | 714 | 737 | 729 | 764 | 794 | 812 | 1,134 | 1,114 | 1,198 | 1,276 | 1,452 | 1,732 | 1,953 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
67 | 84 | 61 | 59 | 81 | 100 | 140 | 104 | 103 | 76 | 108 | 111 | |
-125 | -70 | -18 | -30 | -37 | -62 | -128 | -97 | -194 | -31 | -129 | -93 | |
57 | -34 | -46 | -13 | -59 | -39 | -11 | -6 | 96 | -51 | 34 | -26 | |
Net Cash Flow | -1 | -20 | -3 | 16 | -15 | -2 | 1 | 1 | 6 | -5 | 13 | -9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 38 | 43 | 46 | 53 | 55 | 70 | 44 | 39 | 55 | 48 | 48 |
Inventory Days | 48 | 55 | 35 | 51 | 45 | 58 | 63 | 63 | 75 | 94 | 91 | 96 |
Days Payable | 147 | 148 | 130 | 136 | 135 | 163 | 202 | 117 | 131 | 159 | 163 | 142 |
Cash Conversion Cycle | -50 | -55 | -52 | -40 | -36 | -51 | -68 | -11 | -17 | -9 | -24 | 2 |
Working Capital Days | -36 | -44 | -43 | -40 | -34 | -31 | -35 | -22 | -17 | 2 | 4 | 13 |
ROCE % | 9% | 10% | 6% | 9% | 16% | 20% | 26% | 26% | 17% | 8% | 11% | 16% |
Documents
Announcements
- Information Regarding Issuance Of Letter(S) Of Confirmation 7h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Submission Of Certificate As per Regulation 40(10) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 19 Apr
- Submission Of Certificate As per Regulation 40(10) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 19 Apr
- Submission Of Compliance Certificate As per Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024. 19 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Product Portfolio
The Co offers a wide array of products comprising automotive lighting systems such as complete Lighting module – Front & Rear, LED Lamps, sundry, auxiliary lamps. [1]