Lumax Industries Ltd

Lumax Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lumax Industries Ltd

₹ 2,238 0.42%
22 Nov - close price
lumaxindustries.com BSE: 517206 NSE: LUMAXIND
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]

Website BSE NSE
  • Market Cap ₹ 2,093 Cr.
  • Current Price ₹ 2,238
  • High / Low ₹ 3,045 / 2,020
  • Stock P/E 23.7
  • Book Value ₹ 577
  • Dividend Yield 1.56 %
  • ROCE 16.0 %
  • ROE 16.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 36.5%

Cons

  • Stock is trading at 3.88 times its book value
  • 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
416 401 492 469 560 523 560 567 589 574 678 709 754
Operating Profit 37 34 57 43 60 56 48 51 54 58 65 57 58
OPM % 8% 8% 10% 8% 10% 10% 8% 8% 8% 9% 9% 7% 7%
4 -7 -3 4 4 1 -0 3 2 28 5 12 3
Interest 6 5 5 6 7 8 9 10 11 13 14 16 19
Depreciation 16 15 17 19 20 20 21 21 21 23 26 26 26
Profit before tax 20 7 33 23 37 30 18 23 24 50 29 27 15
Tax % 28% 31% 20% 34% 33% 28% 50% 35% 34% 27% 36% 26% 15%
14 5 26 15 25 22 9 15 16 36 19 20 13
EPS in Rs 14.96 4.99 27.92 16.28 26.33 23.29 9.67 15.89 17.11 38.91 20.19 21.34 13.88
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,063 1,110 1,136 1,252 1,271 1,649 1,851 1,602 1,426 1,751 2,320 2,637 2,952
1,002 1,059 1,077 1,164 1,170 1,515 1,698 1,443 1,326 1,616 2,112 2,408 2,715
Operating Profit 61 51 59 89 101 135 154 158 100 135 208 229 237
OPM % 6% 5% 5% 7% 8% 8% 8% 10% 7% 8% 9% 9% 8%
5 7 6 4 6 9 62 10 25 -4 9 38 48
Interest 19 17 14 13 11 8 16 22 29 22 30 48 62
Depreciation 32 37 36 38 41 48 60 64 65 64 80 92 101
Profit before tax 16 4 14 42 55 88 139 82 32 46 107 126 121
Tax % 13% -103% -16% 10% 16% 28% 23% 12% 46% 23% 34% 32%
14 8 17 37 46 63 107 72 17 35 71 86 88
EPS in Rs 14.54 8.24 17.73 39.98 49.34 67.65 114.89 77.36 18.23 37.90 75.57 92.09 94.32
Dividend Payout % 31% 42% 31% 30% 29% 34% 30% 30% 38% 36% 36% 38%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 23%
TTM: 21%
Compounded Profit Growth
10 Years: 29%
5 Years: 2%
3 Years: 76%
TTM: 38%
Stock Price CAGR
10 Years: 19%
5 Years: 13%
3 Years: 15%
1 Year: -18%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 15%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 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 9 9 9
Reserves 160 164 171 195 238 284 363 375 388 413 472 531 530
176 158 159 127 92 104 140 347 338 401 431 716 916
392 398 424 463 472 737 602 467 540 629 820 1,161 1,265
Total Liabilities 737 729 764 794 812 1,134 1,114 1,198 1,276 1,452 1,732 2,418 2,720
406 385 396 408 419 518 549 653 627 711 743 958 1,030
CWIP 19 34 26 17 20 34 50 32 47 48 43 177 191
Investments 5 5 5 5 5 5 5 5 5 8 16 21 22
308 306 337 365 368 578 510 508 596 685 930 1,262 1,477
Total Assets 737 729 764 794 812 1,134 1,114 1,198 1,276 1,452 1,732 2,418 2,720

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
84 61 59 81 100 140 104 103 76 108 111 133
-70 -18 -30 -37 -62 -128 -97 -194 -31 -129 -93 -245
-34 -46 -13 -59 -39 -11 -6 96 -51 34 -26 137
Net Cash Flow -20 -3 16 -15 -2 1 1 6 -5 13 -9 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 43 46 53 55 70 44 39 55 48 48 48
Inventory Days 55 35 51 45 58 63 63 75 94 91 96 129
Days Payable 148 130 136 135 163 202 117 131 159 163 142 156
Cash Conversion Cycle -55 -52 -40 -36 -51 -68 -11 -17 -9 -24 2 21
Working Capital Days -44 -43 -40 -34 -31 -35 -22 -17 2 4 13 12
ROCE % 10% 6% 9% 16% 20% 26% 26% 17% 8% 11% 16% 16%

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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