Lumino Industries Ltd
Lumino Industries Limited, headquartered in Kolkata and equipped with a manufacturing facility in Howrah, has expertise in serving
the power and energy sector. It is a leading manufacturer of a wide range of products, including Cables, Conductors and Wires.
It offers Engineering, Procurement, and Construction (EPC) major, deliver projects
in key infrastructure sectors such as
Distribution & Transmission, Railway electrification, Reconductoring with
HTLS Conductors, Solar power
projects and EHV[1]
- Market Cap ₹ 3,111 Cr.
- Current Price ₹ 102
- High / Low ₹ 122 / 85.3
- Stock P/E 17.5
- Book Value ₹ 42.6
- Dividend Yield 0.00 %
- ROCE 26.6 %
- ROE 24.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 160 days.
- Company's cost of borrowing seems high
* 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
Industrials Capital Goods Industrial Products Cables - Electricals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 897 | 527 | 604 | 1,400 | 1,915 | 2,040 | |
| Sales growth | -41% | +15% | +37% | +7% | ||
| 752 | 475 | 544 | 1,243 | 1,682 | 1,787 | |
| Operating Profit | 145 | 52 | 60 | 157 | 234 | 253 |
| OPM % | 16% | 10% | 10% | 11% | 12% | 12% |
| 8 | 18 | 14 | 17 | 29 | 48 | |
| Interest | 36 | 29 | 22 | 48 | 77 | 80 |
| Depreciation | 7 | 7 | 6 | 10 | 16 | 16 |
| Profit before tax | 110 | 35 | 46 | 116 | 169 | 205 |
| Tax % | 28% | 12% | 14% | 25% | 26% | 22% |
| 79 | 31 | 39 | 87 | 125 | 160 | |
| EPS in Rs | 2.28 | 0.89 | 1.62 | 3.56 | 5.14 | 6.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | % |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | % |
| TTM: | 28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 18 | 30 | 122 | 122 | 152 |
| Reserves | 245 | 271 | 319 | 416 | 449 | 608 | 1,146 |
| 234 | 166 | 200 | 458 | 438 | 401 | 148 | |
| 353 | 290 | 143 | 272 | 711 | 1,044 | 1,010 | |
| Total Liabilities | 858 | 754 | 681 | 1,175 | 1,719 | 2,175 | 2,457 |
| 25 | 21 | 18 | 58 | 75 | 80 | 82 | |
| CWIP | 0 | 0 | 5 | 5 | 11 | 48 | 117 |
| Investments | 37 | 21 | 25 | 87 | 36 | 24 | 80 |
| 796 | 711 | 632 | 1,026 | 1,597 | 2,023 | 2,178 | |
| Total Assets | 858 | 754 | 681 | 1,175 | 1,719 | 2,175 | 2,457 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -48 | 99 | -53 | -92 | -239 | 156 | |
| 23 | -4 | 43 | -4 | -13 | -41 | |
| 27 | -97 | 11 | 99 | 311 | -102 | |
| Net Cash Flow | 3 | -2 | 1 | 3 | 60 | 14 |
| Free Cash Flow | -54 | 97 | -63 | -113 | -288 | 104 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 6% | 203% | -83% | -42% | -83% | 91% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 190 | 283 | 242 | 120 | 137 | 160 |
| Inventory Days | 111 | 209 | 68 | 90 | 98 | 120 |
| Days Payable | 71 | 100 | 41 | 68 | 81 | 130 |
| Cash Conversion Cycle | 230 | 393 | 269 | 141 | 154 | 151 |
| Working Capital Days | 50 | 135 | 160 | 43 | 36 | 51 |
| ROCE % | 13% | 13% | 26% | 27% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Lumino Industries to hold non-deal roadshow with investors on November 18-19, 2026 in Mumbai.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Lumino Industries to hold non-deal roadshow meetings in Mumbai on November 18-19, 2026.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of Earnings Conference Call for the quarter and half year ended 30th September, 2026
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of 5 Nov 2026 earnings call for Q2 and H1 FY27 posted online.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication for unaudited financial results for the quarter and half year ended 30th September, 2026
Concalls
-
Nov 2026Transcript PPT REC
Business Overview:[1]
Lumino Industries Limited is an
Indian power and energy sector
company headquartered in Kolkata,
West Bengal, with its primary production
facility located in Howrah.
The company has experience in the power transmission and distribution industry and operates as both a manufacturer and an Engineering, Procurement & Construction
(EPC) contractor.