Lumax Auto Technologies Ltd

Lumax Auto Technologies Ltd

₹ 348 12.64%
02 Jun - 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 2,372 Cr.
  • Current Price 348
  • High / Low 362 / 151
  • Stock P/E 24.1
  • Book Value 97.1
  • Dividend Yield 1.29 %
  • ROCE 16.9 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 36.9%

Cons

  • Company has a low return on equity of 13.2% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
273 71 284 365 388 260 403 428 417 422 487 445 493
258 83 254 327 345 245 358 383 372 377 435 398 437
Operating Profit 14 -12 30 38 43 16 45 45 45 44 52 47 57
OPM % 5% -18% 10% 10% 11% 6% 11% 11% 11% 11% 11% 11% 11%
7 4 3 7 3 3 3 3 2 4 8 7 -4
Interest 2 3 2 2 2 2 2 2 3 3 3 3 7
Depreciation 8 8 8 9 9 9 9 10 11 11 12 12 17
Profit before tax 10 -19 23 34 35 8 36 35 33 34 44 39 29
Tax % 39% 24% 30% 24% 29% 37% 28% 28% 24% 24% 24% 28% 19%
Net Profit 6 -15 16 25 25 5 26 25 25 26 34 28 24
EPS in Rs 0.89 -1.81 2.25 3.39 3.08 0.50 3.43 3.16 3.09 3.20 4.27 3.43 2.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
748 764 760 835 903 965 1,013 1,187 1,141 1,108 1,508 1,847
684 697 700 768 834 892 925 1,077 1,050 1,009 1,357 1,647
Operating Profit 64 67 61 67 68 73 88 110 91 98 151 200
OPM % 9% 9% 8% 8% 8% 8% 9% 9% 8% 9% 10% 11%
6 4 4 25 7 10 22 21 26 17 11 15
Interest 1 1 4 5 5 4 2 3 10 10 10 16
Depreciation 8 11 18 19 21 24 24 27 35 34 40 52
Profit before tax 62 59 43 68 50 56 82 100 73 72 113 147
Tax % 18% 31% 30% 31% 31% 28% 31% 31% 19% 28% 27% 24%
Net Profit 51 41 30 47 34 40 57 69 59 51 82 111
EPS in Rs 7.44 6.02 4.43 6.60 4.66 5.06 7.15 9.67 8.52 6.91 10.18 13.63
Dividend Payout % 16% 20% 27% 21% 20% 19% 28% 31% 35% 43% 34% 33%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 17%
TTM: 23%
Compounded Profit Growth
10 Years: 9%
5 Years: 15%
3 Years: 19%
TTM: 41%
Stock Price CAGR
10 Years: 31%
5 Years: 18%
3 Years: 65%
1 Year: 98%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 13%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 14 14 14 14 14 14 14 14 14 14 14
Reserves 169 198 212 245 269 358 438 467 433 517 530 648
2 27 52 43 38 35 11 70 95 98 165 664
162 194 196 179 218 218 396 379 319 360 430 859
Total Liabilities 347 433 473 481 538 624 858 929 860 990 1,139 2,185
90 163 229 222 229 248 273 307 355 381 409 1,028
CWIP 22 38 6 7 5 14 12 22 21 9 12 13
Investments 19 19 19 19 22 85 142 120 62 131 122 201
216 213 219 233 282 277 430 479 422 469 595 943
Total Assets 347 433 473 481 538 624 858 929 860 990 1,139 2,185

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
43 53 62 39 49 64 95 56 76 98 87
-29 -97 -59 -11 -32 -57 -57 -89 -32 -76 -65
-11 15 -0 -24 -23 3 -37 37 -33 -43 10
Net Cash Flow 3 -29 3 4 -5 10 1 4 11 -20 32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 61 61 63 58 71 59 101 85 62 73 64 91
Inventory Days 14 18 22 28 32 30 41 27 31 41 41 47
Days Payable 68 77 99 75 90 76 141 110 76 101 84 113
Cash Conversion Cycle 7 3 -13 11 13 13 1 3 17 14 21 26
Working Capital Days 1 -6 -6 8 17 15 12 27 15 16 18 49
ROCE % 37% 28% 18% 18% 17% 17% 20% 21% 15% 14% 18% 17%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
55.98 55.98 55.98 55.98 55.98 55.98 55.98 55.98 55.98 55.98 55.98 55.98
17.95 18.32 18.58 19.53 19.84 19.37 19.39 19.34 19.53 19.37 19.41 19.02
5.28 5.42 5.90 5.90 5.21 5.20 5.21 5.29 5.68 5.59 5.60 6.42
20.79 20.28 19.54 18.59 18.97 19.45 19.42 19.40 18.81 19.04 19.01 18.57

* 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

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