As of 6 Nov 2026, Lumino Industries trades at 17.8× trailing earnings, below the industry P/E of 30.0×, and the shares are 23% below their 52-week high. Its ROCE of 35% is the highest among the 7 largest Electrical Equipment & Parts peers, and sales and net profit grew 39% and 102% a year over 3 years. Debt is 0.55× equity. It is a small-cap company with a market cap of ₹3,022 Cr, ranked 34th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 15% over the past year.
- ₹95.93
- ₹95.94
- ₹92.10
- ₹96.94
- 26.3 L
Health check
- ReturnsBehind
−15.3% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 17.8 vs industry 30.0.
- GrowthStrong
Sales +39.0%, profit +101.9% a year over 3 years.
- ProfitabilityStrong
ROCE 34.9% vs peer median 22.1%.
- Balance sheetFair
Debt 0.55× equity, interest covered 4.1×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,022 Cr
- Small cap
- P/E
- 17.8
- Industry 30.0
- Price to book
- 3.12
- Peers 7.24
- Dividend yield
- 0.00%
- ROE
- 24.6%
- Peers 18.0%
- ROCE
- 34.9%
- Peers 22.1%
- Debt to equity
- 0.55
- Debt ₹401 Cr
- EPS (TTM)
- ₹5.25
- Face value ₹5
- OPM (TTM)
- 12.7%
- Net margin 8.0%
- Sales growth
- +19.3%
- Latest quarter vs a year ago
- Profit growth
- +32.4%
- Latest quarter vs a year ago
- Price to sales
- 1.42
- EV/EBITDA 12.5
Strengths and risks
Strengths
- Return on equity of 24.6%.
- Return on capital employed of 34.9%.
- Quarterly profit up 32.4% on a year ago.
- Quarterly sales up 19.3% on a year ago.
- P/E of 17.8 against an industry P/E of 30.0.
About Lumino Industries
Lumino Industries Limited manufactures and sells conductors, power cables, electrical wires, and other products and components for power distribution and transmission industries in India and internationally. It offers aluminium conductors; LV XLPE/PVC insulated power, LV XLPE/PVC insulated control, LV aerial bunch, railway signalling, concentric, screened and instrumentation, solar, LV FR/FRLSH/FR-LSZH fire performance, underwriters laboratories, quad,…
- Headquarters
- Kolkata
- Employees
- 911
- Sector
- Industrials
- ISIN
- INE185Q01025
- Website
- luminoindustries.com
Price range
- Avg volume (3M)
- 1.6 Cr
- 1-year return
- minus 15.3%
- From 52-week high
- minus 23.4%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| LUMINOLumino Industries | 93.41 | minus 3.64% | 2,845 | 17.8 | 11.8 | 34.9% | 12.7% | 0.55 | 39.0% | minus 15.3% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Jun 26 |
|---|---|---|
| 437 | 521 | |
| 384 | 451 | |
| 52.7 | 70.9 | |
| 12.0% | 13.6% | |
| 10.4 | 5.2 | |
| 19.2 | 17.2 | |
| 3.9 | 4.5 | |
| 40 | 54.4 | |
| 24.1% | 26.1% | |
| 30.3 | 40.2 | |
| 1.00 | 1.32 |
Profit & loss
- Sales CAGR 3Y
- +39.0%
- Profit CAGR 3Y
- +101.9%
- EPS CAGR 3Y
- +101.9%
- ROE
- 24.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 758 | 1,404 | 1,913 | 2,036 | |
| – | +85.3% | +36.2% | +6.4% | |
| 700 | 1,246 | 1,679 | 1,783 | |
| 57.1 | 158 | 234 | 253 | |
| 7.5% | 11.2% | 12.2% | 12.4% | |
| 2.6 | 4.4 | 5.5 | 3.1 | |
| 19.9 | 36.2 | 66 | 66 | |
| 5.9 | 10.2 | 16.3 | 16.4 | |
| −7.4 | 0.4 | 11.7 | 31.2 | |
| 26.6 | 116 | 169 | 205 | |
| 27.0% | 25.3% | 26.2% | 21.9% | |
| 19.4 | 86.6 | 125 | 160 | |
| – | +346.0% | +43.9% | +28.4% | |
| 0.64 | 2.84 | 4.09 | 5.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.4 | 30.4 | 122 | 122 | |
| 329 | 416 | 449 | 608 | |
| 319 | 56.2 | 438 | 401 | |
| 173 | 673 | 711 | 1,044 | |
| 851 | 1,175 | 1,719 | 2,175 | |
| 49.9 | 66.7 | 105 | 142 | |
| 9.6 | 8.7 | 30.7 | 62.4 | |
| 52.4 | 15.1 | 17.1 | 19.4 | |
| 182 | 217 | 259 | 271 | |
| 557 | 868 | 1,306 | 1,680 | |
| 851 | 1,175 | 1,719 | 2,175 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 71.8 | 101 | −239 | 156 | |
| −144 | −3.6 | −12.8 | −40.6 | |
| 84.2 | −94.3 | 311 | −102 | |
| 12.4 | 3.1 | 60.1 | 13.8 | |
| −18.9 | −22.2 | −49.9 | −51.9 | |
| 52.9 | 78.7 | −288 | 104 |
Shareholding pattern
- Promoters71.97%
- Public28.03%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.97% | 28.03% | 0.00 | |
| 2 Sep 2026 | 71.97% | 28.03% | – |
Major shareholders
Filings & events
News
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