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Lumax Auto Technologies

LUMAXTECH NSE
₹2,100.20 No trade today
P/E
44.17
View as Markdown
MCP
Close 4 Nov 2026 ₹2,100.20 +945.10 +81.8% 1Y
Start ₹1,155.10

Key Fundamentals

SmallcapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
21.20%
Debt to Equity
1.02
EPS (TTM)
₹47.55
Book Value
₹206.07
Market Cap
—
P/E (TTM)
44.17
P/B
10.19
ROE
26.40%
Dividend Yield
0.27%
EBITDA
₹705 Cr
52W High
₹2,190.00
52W Low
₹1,131.40
Volume
0

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Lumax Auto Technologies peer comparison
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Lumax Auto Technologies (this company)
₹2,100.2044.17₹14,172 Cr10.190.27%26.40%21.20%₹5,208 Cr₹383 Cr
Median 8 companies₹1,956.5060.53₹61,893 Cr8.810.38%13.30%18.35%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
38
Weak
Cheap vs sector & own history 24% weight
Growth
92
Strong
Sales & profit trajectory 9% weight
Financial Health
37
Weak
Solvency, leverage, coverage 9% weight
Momentum
76
Strong
Trend strength, vol-adjusted 12% weight
Ownership
63
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 43.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.1%
  • Company's median sales growth is 19.8% of last 10 years

Weaknesses

1
  • Stock is trading at 10.3 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
62.70
Neutral
MACD (12,26,9)
30.41
Bullish
SMA (50)
1,964.62
Bullish
SMA (200)
1,704.13
Bullish

As of

Analyst Rating

Based on 3 analysts
BUY100%

3 of 3 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
3
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+18.35%
5Y+34.46%
3Y+38.15%
1Y+33.90%
TTM+33.30%

Net profit

Net profit growth by window
10Y+25.78%
5Y+45.89%
3Y+44.80%
1Y+47.16%
TTM+58.26%

Operating cash flow

Operating cash flow growth by window
10Y+25.10%
5Y+36.24%
3Y+49.74%
1Y+58.62%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.00 pp
5Y+4.69 pp
3Y+2.65 pp
1Y+0.74 pp
TTM+1.05 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹965 Cr
Mar 2018₹1,013 Cr
Mar 2019₹1,187 Cr
Mar 2020₹1,141 Cr
Mar 2021₹1,108 Cr
Mar 2022₹1,508 Cr
Mar 2023₹1,847 Cr
Mar 2024₹2,822 Cr
Mar 2025₹3,637 Cr
Mar 2026₹4,870 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹40.00 Cr
Mar 2018₹57.00 Cr
Mar 2019₹69.00 Cr
Mar 2020₹59.00 Cr
Mar 2021₹51.00 Cr
Mar 2022₹82.00 Cr
Mar 2023₹111 Cr
Mar 2024₹167 Cr
Mar 2025₹229 Cr
Mar 2026₹337 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹211 Cr −7.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

Lumax Auto Technologies Ltd trades at ₹2,043.1 as of 2026-10-28 with a market cap of ₹13,925.3 Cr. The company has delivered compounded profit growth of 43% CAGR over 3 years and TTM sales growth of 33%, though the stock trades at a P/E of 42.97x and 9.91x book value, reflecting rich valuations relative to its earnings base.

Bull Case 7
  • Strong profit growth trajectory with compounded profit CAGR of 44% over 5 years and 77% TTM profit growth, indicating accelerating earnings momentum
  • Consistent sales expansion with 10-year median sales growth of 19.8% and 3-year compounded sales CAGR of 38%, well above typical auto-component peers
  • ROE of 22.84% (last year 26%) demonstrates efficient capital deployment, with the 10-year average ROE improving from 17% to 22% over the 3-year period
  • ROCE of 24.68% signals healthy returns on total capital employed, supporting the case for value creation above cost of capital
  • Stock has appreciated 58% over 1 year and delivered a 34% CAGR over 10 years, reflecting sustained long-term wealth creation
  • Company is expected to deliver a good upcoming quarter, and has maintained a consistent dividend payout ratio of 21.1%
  • TTM EPS of ₹47.55 supports a real earnings base, and the 5-year compounded profit CAGR of 44% suggests earnings are scaling faster than revenues indicating margin expansion
Bear Case 6
  • P/E of 42.97x TTM is elevated, leaving limited room for earnings disappointment and pricing in significant future growth
  • Price-to-book ratio of 9.91x is notably high — the stock trades at over 10 times book value, which compresses future return potential if growth moderates
  • Debt-to-equity ratio of 1.02 indicates meaningful leverage on the balance sheet, which could pressure margins if interest rates rise or growth slows
  • Dividend yield of just 0.29% offers negligible income return, meaning investor returns are almost entirely dependent on capital appreciation
  • 3-year stock CAGR of 70% has significantly outpaced the 3-year profit CAGR of 43%, indicating a portion of the re-rating is valuation multiple expansion rather than pure earnings growth
  • At a market cap of ₹13,925.3 Cr and TTM EPS of ₹47.55, any deceleration from the 33% TTM sales growth rate could trigger a sharp de-rating given the premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

35d ago

TL;DR: The only recent news for Lumax Auto Technologies is a leadership change, with no updates on earnings, orders or operations. The Sr. EVP's retirement is planned, but the CTO leaving is a small risk to the product and technology roadmap, especially as the company expands into advanced auto components and EV parts. This news alone does not show the business getting better or worse. The main thing to watch is how quickly and how well the company names a new CTO.

Neutral 1
  • CTO exit, Sr. EVP retires Sep 25

    CTO Satish Sundaresan has resigned and Sr. EVP Sanjay Bhagat is retiring on superannuation, with both changes effective September 2026. The retirement is routine, but losing the CTO could matter for a company whose growth depends on technology.

Quarterly Results

₹ Cr
LUMAXTECH quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
632
700
732
757
756
842
906
1,133
1,026
1,156
1,271
1,417
1,364
1,556
Expenses
552
610
627
666
668
740
788
976
901
1,002
1,095
1,214
1,173
1,346
Operating Profit
80
90
106
92
88
102
118
157
125
155
176
203
190
209
OPM %
13%
13%
14%
12%
12%
12%
13%
14%
12%
13%
14%
14%
14%
13%
Other Income
8
9
10
18
17
15
9
9
11
16
0
5
15
19
Interest
16
16
18
19
19
19
20
21
23
24
27
31
25
24
Depreciation
29
30
30
29
30
29
33
37
38
41
48
52
49
50
PBT
43
53
68
62
56
70
74
108
74
104
101
126
132
154
Tax %
30%
29%
30%
17%
26%
26%
25%
26%
27%
26%
−7%
23%
25%
24%
Net Profit
30
38
48
51
42
52
56
80
54
78
108
98
99
117
EPS (₹)
3.25
4.02
5.35
6.49
4.65
6.29
6.58
8.57
6.08
9.81
12.1
12.93
12.71
—

Sep 2026: from the results filed on 24 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
LUMAXTECH profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
835
903
965
1,013
1,187
1,141
1,108
1,508
1,847
2,822
3,637
4,870
5,208
Expenses
768
834
892
925
1,077
1,050
1,009
1,357
1,647
2,453
3,171
4,211
4,484
Operating Profit
67
68
73
88
110
91
98
151
201
369
465
659
724
OPM %
8%
8%
8%
9%
9%
8%
9%
10%
11%
13%
13%
14%
14%
Other Income
25
7
10
22
21
26
17
11
15
45
51
32
36
Interest
5
5
4
2
3
10
10
10
17
69
80
105
107
Depreciation
19
21
24
24
27
35
34
40
52
118
129
179
189
PBT
68
50
56
82
100
73
72
113
147
227
308
406
464
Tax %
31%
31%
28%
31%
31%
19%
28%
27%
24%
26%
26%
17%
—
Net Profit
47
34
40
57
69
59
51
82
111
167
229
337
382
EPS (₹)
6.6
4.66
5.06
7.15
9.67
8.52
6.91
10.18
13.63
19.1
26.08
40.91
47.55
Div. Payout %
21%
20%
19%
28%
31%
35%
43%
34%
33%
29%
21%
13%
—

Balance Sheet

₹ Cr
LUMAXTECH balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
14
14
14
14
14
14
14
14
Reserves
245
269
358
438
467
433
517
530
648
776
921
1,197
Borrowings
43
38
35
11
70
95
98
165
664
810
902
1,231
Other Liabilities
179
218
218
396
379
319
360
430
853
990
1,398
1,506
Total Liabilities
481
538
624
858
929
860
990
1,139
2,179
2,589
3,235
3,947
Fixed Assets
222
229
248
273
307
355
381
409
1,028
1,014
1,316
1,516
CWIP
7
5
14
12
22
21
9
12
13
36
69
65
Investments
19
22
85
142
120
62
131
122
201
405
390
565
Other Assets
233
282
277
430
479
422
469
595
937
1,135
1,461
1,801
Total Assets
481
538
624
858
929
860
990
1,139
2,179
2,589
3,235
3,947

Cash Flow

₹ Cr
LUMAXTECH cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
39
49
64
95
56
76
98
87
137
265
290
460
Investing
−11
−32
−57
−57
−89
−32
−76
−65
−476
−249
−216
−280
Financing
−24
−23
3
−37
37
−33
−43
10
365
−40
−53
−170
Net Cash Flow
4
−5
10
1
4
11
−20
32
26
−24
21
10
Free Cash Flow
7
19
26
48
−35
63
56
41
60
167
118
214
CFO/OP
81
92
108
134
84
106
114
80
87
89
78
86

Ratios

LUMAXTECH financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
58
71
59
101
85
62
73
64
91
75
80
76
Inventory Days
28
32
30
41
27
31
41
41
49
54
64
52
Days Payable
75
90
76
141
110
76
101
84
118
105
120
108
Cash Conversion Cycle
11
13
13
1
3
17
14
21
23
24
24
20
Working Capital Days
7
13
7
12
9
−8
−8
−12
−5
−16
−10
−18
ROCE %
18%
17%
17%
19%
20%
14%
13%
17%
15%
18%
19%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Lumax Auto Technologies insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.98%
  • DIIs 17.13%
  • Public 14.65%
  • FIIs 8.89%
  • Others 3.35%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Lumax Auto Technologies

What does Lumax Auto Technologies Ltd do?
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 It has Partnerships with 7…
Where is Lumax Auto Technologies Ltd (LUMAXTECH) listed?
Lumax Auto Technologies Ltd trades as LUMAXTECH on the NSE and under code 532796 on the BSE.
Which sector does Lumax Auto Technologies Ltd belong to?
Lumax Auto Technologies Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of Lumax Auto Technologies Ltd?
Lumax Auto Technologies Ltd trades at a PE ratio of 44.17 as of 4 Nov 2026, on earnings per share of ₹47.55, against a book value of ₹206.07 per share.
What is the 52-week high and low of Lumax Auto Technologies Ltd?
Over the last 52 weeks Lumax Auto Technologies Ltd has traded between ₹1,131.4 and ₹2,190 as of 4 Nov 2026.
Does Lumax Auto Technologies Ltd pay dividends?
Lumax Auto Technologies Ltd has a dividend yield of 0.27%.
What is the Return on Equity (ROE) of Lumax Auto Technologies Ltd?
Lumax Auto Technologies Ltd reported a return on equity of 26.40%. Its debt-to-equity ratio is 1.02.

Company Information

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 It has Partnerships with 7 Global players like Yokowo(Japan), JOPP(Germany), and few others.

CEO Mr. Dhanesh Kumar Jain BA, MBA
Employees 2,548
Listed 16 Jan 2007
Face Value ₹2

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