Lumax Industries Ltd
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]
- Market Cap ₹ 2,093 Cr.
- Current Price ₹ 2,238
- High / Low ₹ 3,045 / 2,020
- Stock P/E 16.9
- Book Value ₹ 745
- Dividend Yield 1.56 %
- ROCE 17.2 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 28.3%
Cons
- Earnings include an other income of Rs.94.2 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
1,252 | 1,271 | 1,649 | 1,851 | 1,602 | 1,426 | 1,751 | 2,320 | 2,637 | 2,952 | |
1,164 | 1,170 | 1,515 | 1,698 | 1,443 | 1,326 | 1,616 | 2,112 | 2,405 | 2,710 | |
Operating Profit | 89 | 101 | 135 | 154 | 158 | 100 | 135 | 208 | 231 | 242 |
OPM % | 7% | 8% | 8% | 8% | 10% | 7% | 8% | 9% | 9% | 8% |
4 | 17 | 19 | 57 | 19 | 27 | 3 | 51 | 70 | 94 | |
Interest | 13 | 11 | 8 | 16 | 22 | 29 | 22 | 30 | 49 | 63 |
Depreciation | 38 | 41 | 48 | 60 | 64 | 65 | 64 | 80 | 93 | 103 |
Profit before tax | 41 | 65 | 98 | 134 | 92 | 33 | 53 | 149 | 159 | 170 |
Tax % | 10% | 16% | 27% | 23% | 22% | 45% | 23% | 31% | 30% | |
52 | 54 | 71 | 104 | 72 | 18 | 41 | 103 | 111 | 124 | |
EPS in Rs | 55.66 | 58.16 | 76.34 | 111.03 | 76.92 | 19.42 | 43.56 | 110.27 | 118.77 | 132.78 |
Dividend Payout % | 22% | 25% | 30% | 32% | 31% | 36% | 31% | 24% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 23% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 88% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 13% |
3 Years: | 15% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 16% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 |
Reserves | 259 | 300 | 353 | 426 | 437 | 451 | 482 | 574 | 662 | 687 |
127 | 92 | 104 | 140 | 347 | 338 | 401 | 431 | 723 | 922 | |
463 | 478 | 751 | 615 | 490 | 564 | 654 | 852 | 1,207 | 1,326 | |
Total Liabilities | 859 | 880 | 1,217 | 1,190 | 1,283 | 1,362 | 1,546 | 1,866 | 2,601 | 2,944 |
408 | 419 | 518 | 549 | 653 | 627 | 711 | 749 | 968 | 1,041 | |
CWIP | 17 | 20 | 34 | 50 | 32 | 47 | 48 | 43 | 178 | 192 |
Investments | 69 | 79 | 88 | 81 | 90 | 92 | 102 | 147 | 179 | 218 |
365 | 362 | 577 | 510 | 508 | 596 | 685 | 927 | 1,276 | 1,493 | |
Total Assets | 859 | 880 | 1,217 | 1,190 | 1,283 | 1,362 | 1,546 | 1,866 | 2,601 | 2,944 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
81 | 100 | 140 | 104 | 103 | 76 | 108 | 108 | 132 | |
-37 | -62 | -128 | -97 | -194 | -31 | -129 | -90 | -245 | |
-59 | -39 | -11 | -6 | 96 | -51 | 34 | -26 | 137 | |
Net Cash Flow | -15 | -2 | 1 | 1 | 6 | -5 | 13 | -8 | 24 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 55 | 70 | 44 | 39 | 55 | 48 | 48 | 48 |
Inventory Days | 45 | 52 | 57 | 61 | 75 | 94 | 91 | 96 | 129 |
Days Payable | 135 | 146 | 180 | 114 | 131 | 159 | 163 | 141 | 154 |
Cash Conversion Cycle | -36 | -39 | -53 | -9 | -17 | -9 | -24 | 3 | 22 |
Working Capital Days | -34 | -31 | -35 | -22 | -17 | 2 | 4 | 13 | 14 |
ROCE % | 19% | 24% | 22% | 17% | 8% | 11% | 19% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of Q2 and H1 FY 2024-25 earnings call.
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Information Regarding Issuance Of Letter Of Confirmation.
19 Nov - Issuance of letter of confirmation to shareholders.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Submission of Newspaper Cuttings of Publication of Unaudited Financial Results for the 2nd Quarter and Half year ended September 30, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Nov - Audio recording link of earnings call for Q2 2024.
Annual reports
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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 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 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Nov 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Oct 2021TranscriptPPT
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Aug 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Mar 2020TranscriptPPT
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Dec 2019Transcript PPT
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Sep 2019TranscriptPPT
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Nov 2018Transcript PPT
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Jun 2018TranscriptPPT
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
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Jul 2017TranscriptNotesPPT
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May 2017Transcript PPT
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Feb 2017TranscriptNotesPPT
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]