On 6 Nov 2026, Lumax Auto Technologies was priced at ₹2,327.40, or 43.7× trailing earnings, against an industry P/E of 25.6×, and the shares are close to their 52-week high. Sales and net profit grew 38% and 44% a year over 3 years; its ROCE of 25% is the second-highest among the 7 largest Auto Parts peers. Debt is 0.67× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹15,863 Cr, ranked 23rd of 140 Auto Parts companies by market cap; the shares rose 88% over the past year.
- ₹2,245.00
- ₹2,342.50
- ₹2,229.90
- ₹2,255.80
- 4.3 L
Health check
- ReturnsAhead
+88.1% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 43.7 vs industry 25.6.
- GrowthStrong
Sales +37.9%, profit +44.3% a year over 3 years.
- ProfitabilityStrong
ROCE 24.7% vs peer median 15.6%.
- Balance sheetFair
Debt 0.67× equity, interest covered 4.8×, Piotroski 8 of 9.
- Red flags1 to check
P/E of 43.7 against an industry P/E of 25.6.
Small cap
Defensive
Key metrics
- Market cap
- ₹15,863 Cr
- Small cap
- P/E
- 43.7
- Industry 25.6
- Price to book
- 11.29
- Peers 8.75
- Dividend yield
- 0.24%
- ROE
- 28.4%
- Peers 12.3%
- ROCE
- 24.7%
- Peers 15.6%
- Debt to equity
- 0.67
- Debt ₹1,140 Cr
- EPS (TTM)
- ₹53.22
- Face value ₹2
- OPM (TTM)
- 13.9%
- Net margin 6.5%
- Sales growth
- +34.5%
- Latest quarter vs a year ago
- Profit growth
- +57.8%
- Latest quarter vs a year ago
- Price to sales
- 2.83
- EV/EBITDA 23.1
Strengths and risks
Strengths
- Return on equity of 28.4%.
- Return on capital employed of 24.7%.
- Quarterly profit up 57.8% on a year ago.
- Quarterly sales up 34.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 43.7 against an industry P/E of 25.6.
About Lumax Auto Technologies
Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells automotive components in India. The company offers advanced plastics, such as panels, centre consoles, door panels, headliners and interior trim systems, air intake systems, urea and plastic fuel tanks, headliners, trims, louvers, head lamps, tail lamps, and front and rear fenders; mechatronics, including power window switches, oxygen sensors, telematics control units,…
- Headquarters
- Gurugram
- Employees
- 2,853
- Sector
- Consumer Cyclical
- ISIN
- INE872H01027
- Website
- lumaxworld.in
Price range
- Avg volume (3M)
- 2.8 L
- 1-year return
- plus 88.1%
- From 52-week high
- minus 0.6%
Analyst consensus
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% |
| LUMAXTECHLumax Auto Technologies | 2,327.40 | plus 3.17% | 15,863 | 43.7 | 11.29 | 24.7% | 28.4% | 13.9% | 37.9% | 44.3% | 0.24% | plus 88.1% |
| 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 |
|---|---|---|---|---|---|
| 1,156 | 1,271 | 1,417 | 1,364 | 1,556 | |
| 1,002 | 1,095 | 1,214 | 1,173 | 1,346 | |
| 155 | 176 | 203 | 190 | 209 | |
| 13.4% | 13.8% | 14.3% | 13.9% | 13.5% | |
| 15.6 | 15 | 5 | 15.2 | 18.7 | |
| 24.5 | 27.3 | 30.6 | 24.7 | 24.2 | |
| 41.3 | 47.6 | 51.8 | 48.6 | 49.7 | |
| – | −14.9 | 0.5 | – | – | |
| 104 | 101 | 126 | 132 | 154 | |
| 25.7% | −6.9% | 22.8% | 25.3% | 24.4% | |
| 66.9 | 82.5 | 88.1 | 86.6 | 106 | |
| 9.81 | 12.10 | 12.93 | 12.71 | 15.48 |
Profit & loss
- Sales CAGR 3Y
- +37.9%
- Profit CAGR 3Y
- +44.3%
- EPS CAGR 3Y
- +44.2%
- ROE
- 28.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,786 | 2,761 | 3,440 | 4,682 | |
| – | +54.6% | +24.6% | +36.1% | |
| 1,581 | 2,384 | 2,964 | 4,011 | |
| 205 | 377 | 476 | 671 | |
| 11.5% | 13.7% | 13.8% | 14.3% | |
| 10 | 21.4 | 14.7 | 10 | |
| 16.3 | 68.4 | 79 | 105 | |
| 52.3 | 118 | 129 | 179 | |
| 0.2 | 14.8 | 25.3 | 9 | |
| 147 | 227 | 308 | 406 | |
| 24.1% | 26.4% | 25.6% | 16.9% | |
| 92.9 | 130 | 178 | 279 | |
| – | +40.2% | +36.6% | +56.9% | |
| 13.63 | 19.10 | 26.08 | 40.91 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.6 | 13.6 | 13.6 | 13.6 | |
| 648 | 776 | 921 | 1,197 | |
| 664 | 810 | 902 | 1,231 | |
| 859 | 992 | 1,402 | 1,506 | |
| 2,185 | 2,591 | 3,239 | 3,947 | |
| 696 | 758 | 889 | 1,110 | |
| 18.5 | 58.7 | 82.5 | 89.3 | |
| 104 | 155 | 198 | 313 | |
| 253 | 325 | 271 | 345 | |
| 1,113 | 1,295 | 1,798 | 2,090 | |
| 2,185 | 2,591 | 3,239 | 3,947 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 137 | 265 | 290 | 460 | |
| −476 | −249 | −216 | −280 | |
| 365 | −39.8 | −53.3 | −170 | |
| 26.2 | −23.6 | 21.1 | 9.7 | |
| −83.5 | −104 | −180 | −248 | |
| 53.7 | 162 | 110 | 213 | |
| −27.1 | −53.7 | −39.7 | −46.6 |
Shareholding pattern
- Promoters55.98%
- Public44.02%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 55.98% | 44.02% | 0.00 | |
| 30 Jun 2026 | 55.98% | 44.02% | 0.00 | |
| 31 Mar 2026 | 55.98% | 44.02% | 0.00 | |
| 31 Dec 2025 | 55.98% | 44.02% | 0.00 | |
| 30 Sep 2025 | 55.98% | 44.02% | – |
Major shareholders
Filings & events
News
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