Lumax Industries
Lumax Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Lumax Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Lumax Industries Ltd trades at a P/E of 28.65× and P/B of 5.38×.
Valuation
Profitability
Growth
Financial Health
Lumax Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Lumax Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Lumax Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,935.6 Cr and reported EPS of ₹184.31.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,692 | 1,851 | 1,602 | 1,426 | 1,751 | 2,320 | 2,637 | 3,400 | 4,184 |
| Other Income | 5 | 12 | 7 | 25 | 13 | 15 | 11 | 9 | 7 |
| Total Income | 1,697 | 1,863 | 1,609 | 1,451 | 1,765 | 2,334 | 2,648 | 3,410 | 4,191 |
| Cost of Goods Sold (COGS) | 1,090 | 1,213 | 984 | 903 | 1,127 | 1,511 | 1,717 | 2,311 | 2,752 |
| Gross Profit | 602 | 638 | 618 | 523 | 624 | 808 | 919 | 1,090 | 1,432 |
| +Operating Expenses | 467 | 485 | 460 | 424 | 489 | 601 | 689 | 810 | 1,027 |
| EBITDA | 134 | 153 | 158 | 99 | 135 | 207 | 230 | 279 | 405 |
| +Non-Operating Expenses | 56 | 112 | 85 | 93 | 68 | 104 | 141 | 186 | 208 |
| Profit Before Tax (PBT) | 84 | 125 | 80 | 32 | 46 | 107 | 101 | 103 | 168 |
| +Tax Expense | 26 | 30 | 20 | 15 | 12 | 46 | 48 | 38 | 50 |
| Profit After Tax (PAT) | 71 | 104 | 72 | 18 | 41 | 103 | 111 | 140 | 172 |
| Earnings Per Share (EPS) | 76.34 | 111.04 | 76.91 | 19.42 | 43.57 | 110.27 | 118.76 | 149.67 | 184.50 |
| Diluted Shares Outstanding (Nos.) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| +Additional Disclosures | 2,715 | 2,994 | 2,525 | 2,325 | 2,832 | 3,776 | 4,320 | 5,688 | 6,814 |
| Sales Growth % | — | 9.44 | -13.50 | -10.96 | 22.81 | 32.44 | 13.67 | 28.97 | 23.05 |
| YoY Sales Growth % | — | 9.44 | -13.50 | -10.96 | 22.81 | 32.44 | 13.67 | 28.97 | 23.05 |
| Material Cost % | 64 | 65 | 61 | 64 | 64 | 66 | 66 | 68 | 66 |
| Employee Cost % | 11 | 12 | 13 | 15 | 14 | 12 | 12 | 11 | 11 |
| Other Cost % | 16 | 14 | 16 | 15 | 14 | 14 | 14 | 13 | 13 |
| OPM % | 8 | 8 | 10 | 7 | 8 | 9 | 9 | 8 | 10 |
| Tax % | 31 | 24 | 25 | 47 | 26 | 43 | 48 | 37 | 30 |
| Profit Growth % | — | 45.45 | -30.73 | -74.75 | 124.35 | 153.11 | 7.70 | 26.02 | 23.27 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 86 | 93 | 94 | 35 | 71 | 128 | 138 | 166 | 253 |
Lumax Industries segment analysis: revenue and profit mix.
Disclosed business segments at Lumax Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Lumax Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Lumax Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Lumax Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Lumax Industries Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Lumax Industries exhibits strong profitability with a Return on Equity (ROE) of 19.30% and Return on Capital Employed (ROCE) of 16.40%, indicating efficient capital utilization and robust shareholder returns.
The company demonstrates consistent growth, showcasing a 20.50% increase in quarterly sales, suggesting strong market demand and effective business strategies. High promoter holding at 75% also inspires confidence.
Lumax Industries has a competitive Price-to-Earnings (PE) ratio of 32.80, which is lower than many industry peers, potentially making it an attractive value opportunity for investors.
The company offers a dividend yield of 0.70%, providing a steady income stream for investors. This, combined with a robust 19.30% ROE, makes it appealing for long-term investment.
Operating in the 'Auto Components & Equipments' sector, Lumax Industries can capitalize on the growing demand in the automotive industry, especially with increasing vehicle production and technological advancements.
What can break it.
Lumax Industries has a relatively high debt-to-equity ratio of 1.15, indicating significant reliance on debt financing. This leverage could increase financial risk and vulnerability to economic downturns.
While quarterly sales grew by 20.50%, quarterly profit variation was only 5.88%. This modest profit growth compared to sales raises concerns about operational efficiency and cost management.
The stock has shown recent volatility, with a -1.34% change on Oct 30, 2025, and a general downward trend over the last five days, indicating potential market uncertainty or investor sentiment shifts.
Public shareholding has noticeably decreased from 24.46% in June 2022 to 17.89% in September 2025. This trend warrants monitoring as it could signal shifts in ownership structure.
The 'Auto Components & Equipments' sector is highly competitive, with larger players like Bosch and Uno Minda. Intense competition could pressure Lumax Industries' market share and pricing power.
What would change my mind.
Trim if P/E re-rates above 37. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 106.56. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 15%. The operating engine is no longer compounding capital efficiently.
Lumax Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Lumax Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Lumax Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Lumax Industries Ltd — derived from the live tape, not yesterday's close.
Lumax Industries Ltd last traded at ₹5,311.5 with an intraday range of ₹5,122–₹5,337.5 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹5311.50| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 5823.00 | +511.50 | +9.63% |
| R3 | 5607.50 | +296.00 | +5.57% |
| R2 | 5472.50 | +161.00 | +3.03% |
| R1 | 5392.00 | +80.50 | +1.52% |
| PIVOT | 5257.00 | -54.50 | -1.03% |
| CURRENT | 5311.50 | — | — |
| S1 | 4745.50 | -566.00 | -10.66% |
| S2 | 4961.00 | -350.50 | -6.60% |
| S3 | 5041.50 | -270.00 | -5.08% |
| S4 | 5176.50 | -135.00 | -2.54% |
LUMAXIND is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 5122 ~ 5311.5
Trading Above opening range, showing Bullishness
Lumax Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Lumax Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Lumax Industries Ltd stood at 48.0% of traded volume, against a 20-day average of 45.6%.
Lumax Industries announcements: results, concalls, ratings, M&A.
Filings Lumax Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Lumax Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 100 documents below.
Disclosure under SEBI Takeover Regulations
Anmol Jain has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Analysts/Institutional Investor Meet/Con. Call Updates
Lumax Industries Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Lumax Industries Limited has informed the Exchange about
Copy of Newspaper Publication
Submission of Newspaper Clippings of publications of Audited Financial Results for 4th Quarter and Year ended March 31, 2026.
Credit Rating
Lumax Industries Limited has informed the Exchange about Credit Rating
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Lumax Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Lumax Industries has declared, sequenced by announce and record date.
Lumax Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Lumax Industries Ltd: business, sector, key facts.
What Lumax Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Lumax Industries Ltd operates in the Consumer Cyclical, listed as NSE: LUMAXIND, BSE: 517206.
Lumax Industries Limited is a prominent Indian automotive components manufacturer specializing in the design, production, and sale of a wide range of products for various vehicle types. Their core business centers around the provision of automotive lighting systems, a critical area in vehicle safety and aesthetics. This includes a comprehensive portfolio of components such as LED lights, headlamps, tail lamps, fog lamps, and other auxiliary lighting solutions.
The company's product range extends beyond just lighting systems; it also encompasses the manufacturing and supply of electronic components integral to the functionality and performance of modern vehicles. This diversification allows Lumax to offer a more comprehensive solution to its clients, providing a broader range of parts and potentially simplifying sourcing for original equipment manufacturers (OEMs).
Lumax Industries caters to a diverse customer base, serving the needs of four-wheeler manufacturers (cars, SUVs, etc.), two-wheeler producers (motorcycles, scooters), commercial vehicle builders (trucks, buses), and even the farm equipment sector (tractors). This broad market reach illustrates the company's ability to adapt its products and services to meet the specific requirements of different vehicle types and applications. The strategy to serve such a varied client base offers resilience against shifts in demand within any specific segment.
Founded in 1945 and headquartered in Gurugram, India, Lumax Industries has a long history in the automotive components industry. This significant operational lifespan suggests a considerable level of experience and established relationships within the automotive sector, allowing them to navigate the complexities of the market and the demands of OEM clients effectively. The company's longevity indicates a successful track record in manufacturing, distribution, and maintaining strong client relationships.
In summary, Lumax Industries' business model centers on supplying crucial automotive components, primarily lighting systems and electronics, to a broad spectrum of vehicle manufacturers across India. Their long history, diverse product portfolio, and extensive client base contribute to their significant presence in the Indian automotive landscape.
Questions investors ask about Lumax Industries Ltd (LUMAXIND).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Lumax Industries Ltd (LUMAXIND)?
The current share price of Lumax Industries Ltd (LUMAXIND) is ₹5,311.5. Today, the stock has gained by ₹190.50 (3.72%), trading in a range of ₹5,122 to ₹5,337.5. The stock opened at ₹5,122 with a trading volume of 9,824 shares.
02Is Lumax Industries Ltd stock a good investment for long-term?
Lumax Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,935.6 crores, P/E ratio of 28.65, ROE of 20.39%, and ROCE of 16.40%. The dividend yield stands at 1.04%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Lumax Industries Ltd stock?
The 52-week high price of Lumax Industries Ltd (LUMAXIND) is ₹0, while the 52-week low is ₹0. Currently trading at ₹5,311.5, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Lumax Industries Ltd stock at the current price?
Whether to buy Lumax Industries Ltd stock at ₹5,311.5 depends on multiple factors. The stock is currently trading with a P/E ratio of 28.65 and P/B ratio of 5.38. Today's performance shows a gain of 3.72%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Lumax Industries Ltd and when is the next dividend?
Lumax Industries Ltd offers a dividend yield of 1.04%, which means for every ₹100 invested at the current price of ₹5,311.5, you can expect to receive approximately ₹1.04 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Lumax Industries Ltd?
Lumax Industries Ltd's key financial metrics include: P/E Ratio: 28.65, P/B Ratio: 5.38, ROE: 20.39%, ROCE: 16.40%, Dividend Yield: 1.04%, EPS: ₹184.31, Book Value: ₹981.48, and Debt-to-Equity: 106.06. The company's market cap stands at ₹4,935.6 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Lumax Industries Ltd stock performing today in the market?
Lumax Industries Ltd stock opened at ₹5,122 and is currently trading at ₹5,311.5, showing a gain of ₹190.50 (3.72%). The intraday high is ₹5,337.5 and low is ₹5,122. The trading volume stands at 9,824 shares, indicating moderate market participation today.
08What is the P/E ratio of Lumax Industries Ltd and what does it indicate?
Lumax Industries Ltd has a Price-to-Earnings (P/E) ratio of 28.65, which means investors are willing to pay ₹28.65 for every ₹1 of earnings. With an EPS of ₹184.31, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Lumax Industries Ltd (LUMAXIND) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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