Lumax Auto Technologies Ltd

Lumax Auto Technologies Ltd

₹ 493 4.11%
24 Apr - close price
About

Lumax Auto Technologies Ltd was incorporated in 1981 and is a part of the D.K. Jain Group of companies. It is engaged in the business of manufacturing and supplying of Automotive Lamps, Plastic Moulded Parts, and Frame Chassis to two, three, and four-wheeler segments [1]
It has Partnerships with 7 Global players like Yokowo(Japan), JOPP(Germany), and few others.[2]

Key Points

Market Leadership
The Co. is the market leader in Gear Shifters with around 70% market share in FY19. [1] [2]

  • Market Cap 3,361 Cr.
  • Current Price 493
  • High / Low 508 / 290
  • Stock P/E 46.2
  • Book Value 90.3
  • Dividend Yield 0.91 %
  • ROCE 14.5 %
  • ROE 14.6 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 44.6%

Cons

  • Stock is trading at 5.46 times its book value
  • Company has a low return on equity of 11.8% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
296 311 200 322 331 317 295 368 331 303 294 339 347
269 287 192 292 303 294 273 338 305 277 272 312 315
Operating Profit 28 24 8 30 28 23 22 30 26 26 22 27 33
OPM % 9% 8% 4% 9% 8% 7% 7% 8% 8% 9% 8% 8% 9%
6 5 4 8 5 5 10 9 9 -2 8 15 8
Interest 1 1 1 1 2 2 2 3 3 4 7 7 8
Depreciation 7 7 6 7 7 7 7 8 8 8 8 9 8
Profit before tax 26 21 5 30 24 19 23 28 24 12 16 27 25
Tax % 24% 26% 27% 22% 27% 23% 20% 21% 26% -5% 23% 18% 28%
20 16 3 23 18 15 18 22 18 13 12 22 18
EPS in Rs 2.94 2.27 0.51 3.40 2.61 2.19 2.67 3.27 2.57 1.92 1.79 3.21 2.64
Raw PDF

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
435 431 475 522 560 481 498 958 942 903 1,196 1,322 1,283
402 396 443 487 525 457 467 884 874 837 1,108 1,214 1,175
Operating Profit 33 35 32 35 35 24 31 74 68 66 88 107 108
OPM % 8% 8% 7% 7% 6% 5% 6% 8% 7% 7% 7% 8% 8%
4 2 2 25 8 1 21 36 35 22 20 25 30
Interest 0 0 3 5 4 4 2 3 7 7 7 11 25
Depreciation 3 4 8 10 12 13 12 22 27 25 27 31 33
Profit before tax 34 33 22 45 27 8 37 85 70 56 74 90 80
Tax % 31% 32% 33% 28% 28% 29% 21% 30% 14% 24% 26% 18%
23 22 15 32 20 5 29 60 60 42 55 74 65
EPS in Rs 3.44 3.27 2.20 4.70 2.87 0.79 4.28 8.74 8.73 6.18 8.04 10.79 9.56
Dividend Payout % 35% 37% 54% 30% 33% 119% 47% 34% 34% 49% 44% 42%
Compounded Sales Growth
10 Years: 12%
5 Years: 22%
3 Years: 12%
TTM: -2%
Compounded Profit Growth
10 Years: 13%
5 Years: 20%
3 Years: 9%
TTM: 0%
Stock Price CAGR
10 Years: 36%
5 Years: 31%
3 Years: 50%
1 Year: 60%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 15%

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 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 71 84 90 110 123 181 245 432 401 474 470 569 602
1 26 52 41 33 34 1 55 70 60 123 285 350
98 115 140 113 136 125 249 262 207 243 282 262 266
Total Liabilities 184 238 295 278 305 354 508 763 691 791 888 1,130 1,232
32 41 115 113 116 122 140 224 244 241 254 284 277
CWIP 5 36 1 0 3 6 3 2 1 5 9 2 3
Investments 26 26 26 28 29 88 131 172 124 202 200 470 568
122 135 153 136 158 138 234 364 322 343 425 373 384
Total Assets 184 238 295 278 305 354 508 763 691 791 888 1,130 1,232

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
14 13 54 27 28 19 51 52 45 81 51 88
-2 -44 -50 0 -10 -18 -14 -84 5 -64 -72 -220
-12 15 2 -27 -21 4 -42 31 -33 -46 27 130
Net Cash Flow -0 -17 5 0 -2 5 -4 -0 17 -30 5 -2

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 62 70 71 53 63 66 122 87 64 73 64 55
Inventory Days 15 19 23 27 28 28 46 18 22 26 28 21
Days Payable 72 80 104 77 96 95 200 104 69 94 77 67
Cash Conversion Cycle 5 9 -10 2 -5 0 -32 1 17 5 14 9
Working Capital Days -0 -1 -15 -7 -4 -7 -14 25 17 10 10 10
ROCE % 42% 32% 18% 16% 19% 7% 17% 23% 16% 12% 14% 14%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98% 55.98%
19.84% 19.37% 19.39% 19.34% 19.53% 19.37% 19.41% 19.02% 18.24% 17.97% 15.89% 9.04%
5.21% 5.20% 5.21% 5.29% 5.68% 5.59% 5.60% 6.42% 6.85% 6.75% 8.32% 14.19%
18.97% 19.45% 19.42% 19.40% 18.81% 19.04% 19.01% 18.57% 18.94% 19.29% 19.81% 20.77%
No. of Shareholders 24,19228,34226,37124,93223,81227,95528,44426,53125,95227,14026,56129,662

* 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