Lumax Auto Technologies Ltd
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]
- Market Cap ₹ 8,854 Cr.
- Current Price ₹ 1,299
- High / Low ₹ 1,703 / 449
- Stock P/E 41.8
- Book Value ₹ 155
- Dividend Yield 0.41 %
- ROCE 19.0 %
- ROE 20.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 27.6%
Cons
- Stock is trading at 8.53 times its book value
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 760 | 835 | 903 | 965 | 1,013 | 1,187 | 1,141 | 1,108 | 1,508 | 1,847 | 2,822 | 3,637 | 4,221 | |
| 700 | 768 | 834 | 892 | 925 | 1,077 | 1,050 | 1,009 | 1,357 | 1,647 | 2,453 | 3,171 | 3,667 | |
| Operating Profit | 61 | 67 | 68 | 73 | 88 | 110 | 91 | 98 | 151 | 201 | 369 | 465 | 554 |
| OPM % | 8% | 8% | 8% | 8% | 9% | 9% | 8% | 9% | 10% | 11% | 13% | 13% | 13% |
| 4 | 25 | 7 | 10 | 22 | 21 | 26 | 17 | 11 | 15 | 45 | 51 | 45 | |
| Interest | 4 | 5 | 5 | 4 | 2 | 3 | 10 | 10 | 10 | 17 | 69 | 80 | 89 |
| Depreciation | 18 | 19 | 21 | 24 | 24 | 27 | 35 | 34 | 40 | 52 | 118 | 129 | 150 |
| Profit before tax | 43 | 68 | 50 | 56 | 82 | 100 | 73 | 72 | 113 | 147 | 227 | 308 | 360 |
| Tax % | 30% | 31% | 31% | 28% | 31% | 31% | 19% | 28% | 27% | 24% | 26% | 26% | |
| 30 | 47 | 34 | 40 | 57 | 69 | 59 | 51 | 82 | 111 | 167 | 229 | 267 | |
| EPS in Rs | 4.43 | 6.60 | 4.66 | 5.06 | 7.15 | 9.67 | 8.52 | 6.91 | 10.18 | 13.63 | 19.10 | 26.08 | 31.04 |
| Dividend Payout % | 27% | 21% | 20% | 19% | 28% | 31% | 35% | 43% | 34% | 33% | 29% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 26% |
| 3 Years: | 34% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 25% |
| 3 Years: | 36% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 60% |
| 3 Years: | 80% |
| 1 Year: | 143% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 212 | 245 | 269 | 358 | 438 | 467 | 433 | 517 | 530 | 648 | 776 | 921 | 1,042 |
| 52 | 43 | 38 | 35 | 11 | 70 | 95 | 98 | 165 | 664 | 810 | 902 | 1,111 | |
| 196 | 179 | 218 | 218 | 396 | 379 | 319 | 360 | 430 | 853 | 990 | 1,398 | 1,397 | |
| Total Liabilities | 473 | 481 | 538 | 624 | 858 | 929 | 860 | 990 | 1,139 | 2,179 | 2,589 | 3,235 | 3,563 |
| 229 | 222 | 229 | 248 | 273 | 307 | 355 | 381 | 409 | 1,028 | 1,014 | 1,316 | 1,398 | |
| CWIP | 6 | 7 | 5 | 14 | 12 | 22 | 21 | 9 | 12 | 13 | 36 | 69 | 51 |
| Investments | 19 | 19 | 22 | 85 | 142 | 120 | 62 | 131 | 122 | 201 | 405 | 390 | 561 |
| 219 | 233 | 282 | 277 | 430 | 479 | 422 | 469 | 595 | 937 | 1,135 | 1,461 | 1,553 | |
| Total Assets | 473 | 481 | 538 | 624 | 858 | 929 | 860 | 990 | 1,139 | 2,179 | 2,589 | 3,235 | 3,563 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 39 | 49 | 64 | 95 | 56 | 76 | 98 | 87 | 137 | 265 | 290 | |
| -59 | -11 | -32 | -57 | -57 | -89 | -32 | -76 | -65 | -476 | -249 | -216 | |
| -0 | -24 | -23 | 3 | -37 | 37 | -33 | -43 | 10 | 365 | -40 | -53 | |
| Net Cash Flow | 3 | 4 | -5 | 10 | 1 | 4 | 11 | -20 | 32 | 26 | -24 | 21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 63 | 58 | 71 | 59 | 101 | 85 | 62 | 73 | 64 | 91 | 75 | 80 |
| Inventory Days | 22 | 28 | 32 | 30 | 41 | 27 | 31 | 41 | 41 | 49 | 54 | 64 |
| Days Payable | 99 | 75 | 90 | 76 | 141 | 110 | 76 | 101 | 84 | 118 | 105 | 120 |
| Cash Conversion Cycle | -13 | 11 | 13 | 13 | 1 | 3 | 17 | 14 | 21 | 23 | 24 | 24 |
| Working Capital Days | -6 | 7 | 13 | 7 | 12 | 9 | -8 | -8 | -12 | -5 | -16 | -10 |
| ROCE % | 18% | 18% | 17% | 17% | 19% | 20% | 14% | 13% | 17% | 15% | 18% | 19% |
Documents
Announcements
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Pronouncement Of Order By The Hon''ble National Company Law Tribunal, Chandigarh Bench Sanctioning The Scheme Of Arrangement For Amalgamation Of Greenfuel Energy Solutions Private Limited And Lumax Resources Private Limited And Their Respective Shareholders And
Creditors
1d - NCLT sanctioned amalgamation (appointed date Nov 26, 2024); certified order received Jan 30, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
15 Jan - NCLT sanctioned amalgamation of Greenfuel into Lumax Resources on Jan 14, 2026; rectification pending.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Certificate under Regulation 74(5) of SEBI(Depositories Participants) Regulations, 2018 for the Quarter ended December 31, 2025
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
26 Dec 2025 - Re-appointment approved: Dhanesh Jain Executive Chairman (3 years) and Anmol Jain MD (5 years) on Dec 26, 2025.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
26 Dec 2025 - Reappointment: Dhanesh Jain as Executive Chairman (3 years); Anmol Jain as MD (5 years); approved Dec 26, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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Dec 2021Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptAI SummaryPPT
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Nov 2020Transcript PPT
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Dec 2018Transcript PPT
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Aug 2018Transcript PPT
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Jun 2018Transcript PPT
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Feb 2018TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
Market Leadership
The company is a leading manufacturer of gear shifters & interior solutions in India, with more than 80% market share across all passenger vehicle customers. [1] [2]