Lumax Industries Ltd

Lumax Industries Ltd

₹ 2,430 -0.17%
13 Dec - close price
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
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]

  • Market Cap 2,272 Cr.
  • Current Price 2,430
  • High / Low 3,045 / 2,020
  • Stock P/E 18.3
  • Book Value 745
  • Dividend Yield 1.44 %
  • ROCE 17.2 %
  • ROE 17.6 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 28.3%

Cons

  • Earnings include an other income of Rs.94.2 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
453 435 549 512 620 579 608 618 644 632 743 766 812
416 401 492 469 560 524 559 567 589 573 677 708 752
Operating Profit 37 34 57 43 60 56 49 51 55 58 66 58 60
OPM % 8% 8% 10% 8% 10% 10% 8% 8% 9% 9% 9% 8% 7%
6 -4 -1 9 15 13 14 14 15 13 28 31 22
Interest 6 5 5 6 7 8 9 10 11 13 15 16 19
Depreciation 16 15 17 19 20 20 21 21 21 24 27 26 26
Profit before tax 21 10 35 27 48 41 33 34 38 35 52 46 37
Tax % 28% 30% 19% 28% 31% 27% 38% 32% 31% 27% 31% 26% 23%
15 7 29 20 33 30 21 23 26 26 36 34 28
EPS in Rs 16.40 7.25 30.51 21.20 35.27 31.60 22.20 24.73 28.08 27.37 38.59 36.57 30.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,252 1,271 1,649 1,851 1,602 1,426 1,751 2,320 2,637 2,952
1,164 1,170 1,515 1,698 1,443 1,326 1,616 2,112 2,405 2,710
Operating Profit 89 101 135 154 158 100 135 208 231 242
OPM % 7% 8% 8% 8% 10% 7% 8% 9% 9% 8%
4 17 19 57 19 27 3 51 70 94
Interest 13 11 8 16 22 29 22 30 49 63
Depreciation 38 41 48 60 64 65 64 80 93 103
Profit before tax 41 65 98 134 92 33 53 149 159 170
Tax % 10% 16% 27% 23% 22% 45% 23% 31% 30%
52 54 71 104 72 18 41 103 111 124
EPS in Rs 55.66 58.16 76.34 111.03 76.92 19.42 43.56 110.27 118.77 132.78
Dividend Payout % 22% 25% 30% 32% 31% 36% 31% 24% 29%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 23%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 8%
3 Years: 88%
TTM: 21%
Stock Price CAGR
10 Years: 19%
5 Years: 15%
3 Years: 21%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 16%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9
Reserves 259 300 353 426 437 451 482 574 662 687
127 92 104 140 347 338 401 431 723 922
463 478 751 615 490 564 654 852 1,207 1,326
Total Liabilities 859 880 1,217 1,190 1,283 1,362 1,546 1,866 2,601 2,944
408 419 518 549 653 627 711 749 968 1,041
CWIP 17 20 34 50 32 47 48 43 178 192
Investments 69 79 88 81 90 92 102 147 179 218
365 362 577 510 508 596 685 927 1,276 1,493
Total Assets 859 880 1,217 1,190 1,283 1,362 1,546 1,866 2,601 2,944

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
81 100 140 104 103 76 108 108 132
-37 -62 -128 -97 -194 -31 -129 -90 -245
-59 -39 -11 -6 96 -51 34 -26 137
Net Cash Flow -15 -2 1 1 6 -5 13 -8 24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53 55 70 44 39 55 48 48 48
Inventory Days 45 52 57 61 75 94 91 96 129
Days Payable 135 146 180 114 131 159 163 141 154
Cash Conversion Cycle -36 -39 -53 -9 -17 -9 -24 3 22
Working Capital Days -34 -31 -35 -22 -17 2 4 13 14
ROCE % 19% 24% 22% 17% 8% 11% 19% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.47% 0.25% 0.24% 0.47% 0.65% 0.84% 1.12% 1.15% 1.12% 1.09% 1.17% 1.18%
0.37% 0.36% 0.30% 0.56% 0.57% 0.62% 1.03% 1.27% 1.42% 1.46% 1.57% 3.56%
24.16% 24.39% 24.46% 23.95% 23.79% 23.54% 22.84% 22.57% 22.45% 22.44% 22.25% 20.27%
No. of Shareholders 20,73322,42421,54219,71220,00120,08919,41019,74219,39519,32919,99918,884

* 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.

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