On 6 Nov 2026, Lumax Industries was priced at ₹5,436.90, or 24.9× trailing earnings, against an industry P/E of 25.6×, and the shares are 22% below their 52-week high. It earns ROCE of 22% and ROE of 23%, and sales and net profit grew 21% and 19% a year over 3 years. Its dividend yield is 1.0%, and debt is 1.10× equity. It is a small-cap company with a market cap of ₹5,082 Cr, ranked 42nd of 140 Auto Parts companies by market cap; the shares rose 9.8% over the past year.
- ₹5,441.60
- ₹5,544.00
- ₹5,300.00
- ₹5,441.60
- 20K
Health check
- ReturnsIn line
+9.8% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 24.9 vs industry 25.6.
- GrowthStrong
Sales +21.4%, profit +18.7% a year over 3 years.
- ProfitabilityStrong
ROCE 21.7% vs peer median 15.6%.
- Balance sheetFair
Debt 1.10× equity, interest covered 4.0×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹5,082 Cr
- Small cap
- P/E
- 24.9
- Industry 25.6
- Price to book
- 5.24
- Peers 8.75
- Dividend yield
- 1.01%
- ROE
- 22.8%
- Peers 12.3%
- ROCE
- 21.7%
- Peers 15.6%
- Debt to equity
- 1.10
- Debt ₹1,068 Cr
- EPS (TTM)
- ₹217.92
- Face value ₹10
- OPM (TTM)
- 9.4%
- Net margin 4.2%
- Sales growth
- +33.0%
- Latest quarter vs a year ago
- Profit growth
- +45.9%
- Latest quarter vs a year ago
- Price to sales
- 1.05
- EV/EBITDA 13.6
Strengths and risks
Strengths
- Return on equity of 22.8%.
- Return on capital employed of 21.7%.
- Quarterly profit up 45.9% on a year ago.
- Quarterly sales up 33.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Lumax Industries
Lumax Industries Limited manufactures and sells automotive components for in India. The company offers automotive lighting systems, including LED light, headlamps, tail lamps, fog lamps, turn indicators, and auxiliary lamps, LED modules, HVAC control panels, as well as electronic components. It serves passenger cars, commercial vehicles, four-wheelers, two-wheelers, and tractors in farm equipment segment catering to original equipment manufacturers. Lumax…
- Headquarters
- Gurugram
- Employees
- 3,236
- Sector
- Consumer Cyclical
- ISIN
- INE162B01018
- Website
- lumaxworld.in
Price range
- Avg volume (3M)
- 17.6K
- 1-year return
- plus 9.8%
- From 52-week high
- minus 21.6%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| LUMAXINDLumax Industries | 5,436.90 | minus 0.09% | 5,082 | 24.9 | 5.24 | – | 22.8% | 5.3% | 21.4% | 18.7% | 1.01% | plus 9.8% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,009 | 1,053 | 1,200 | 1,223 | 1,342 | |
| 920 | 942 | 1,076 | 1,113 | 1,232 | |
| 88.7 | 111 | 124 | 110 | 110 | |
| 8.8% | 10.5% | 10.3% | 9.0% | 8.2% | |
| 14.1 | 17.1 | 13.5 | 14.6 | 17.2 | |
| 18.8 | 18.6 | 18.5 | 18.2 | 18.9 | |
| 36.9 | 38.4 | 44.6 | 42.1 | 38.3 | |
| – | −15.9 | −2 | – | – | |
| 47.1 | 54.8 | 72.3 | 64 | 69.6 | |
| 24.4% | 15.0% | 25.2% | 20.1% | 25.3% | |
| 35.6 | 46.5 | 54.1 | 51.1 | 52 | |
| 38.13 | 49.79 | 57.87 | 54.64 | 55.62 |
Profit & loss
- Sales CAGR 3Y
- +21.4%
- Profit CAGR 3Y
- +18.7%
- EPS CAGR 3Y
- +18.7%
- ROE
- 22.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,316 | 2,631 | 3,355 | 4,147 | |
| – | +13.6% | +27.5% | +23.6% | |
| 2,096 | 2,398 | 3,070 | 3,720 | |
| 220 | 233 | 285 | 427 | |
| 9.5% | 8.9% | 8.5% | 10.3% | |
| 41.2 | 65.9 | 73.9 | 38.1 | |
| 29.4 | 47.9 | 72.3 | 74 | |
| 79.9 | 92.8 | 113 | 152 | |
| −3 | 1 | 4.7 | −17 | |
| 149 | 159 | 178 | 223 | |
| 30.9% | 30.3% | 21.3% | 22.5% | |
| 103 | 111 | 140 | 172 | |
| – | +7.7% | +26.0% | +23.3% | |
| 110.27 | 118.77 | 149.67 | 184.50 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.3 | 9.3 | 9.3 | 9.3 | |
| 574 | 662 | 765 | 908 | |
| 431 | 723 | 888 | 973 | |
| 852 | 1,207 | 1,199 | 1,544 | |
| 1,866 | 2,601 | 2,861 | 3,435 | |
| 843 | 1,166 | 1,337 | 1,540 | |
| 114 | 216 | 250 | 124 | |
| 7.2 | 7.6 | 9.8 | 10.8 | |
| 8.1 | 56.4 | 9.8 | 26 | |
| 894 | 1,154 | 1,255 | 1,734 | |
| 1,866 | 2,601 | 2,861 | 3,435 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 108 | 133 | 212 | 373 | |
| −90.1 | −245 | −293 | −265 | |
| −26 | 137 | 58.8 | −91.6 | |
| −8.4 | 24.4 | −22.4 | 15.8 | |
| −90.6 | −262 | −324 | −289 | |
| 17.1 | −129 | −112 | 83.1 | |
| −12.6 | −25.2 | −32.7 | −32.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 7.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.