Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Lumax Auto Technologies Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 10, 2024, 10:15 pm

Market Cap 3,513 Cr.
Current Price 515
High / Low610/362
Stock P/E25.1
Book Value 116
Dividend Yield1.07 %
ROCE17.7 %
ROE17.9 %
Face Value 2.00
PEG Ratio2.63

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Lumax Auto Technologies Ltd

Competitors of Lumax Auto Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
G S Auto International Ltd 55.4 Cr. 38.254.8/21.657.7 15.00.00 %10.1 %3.21 % 5.00
Duncan Engineering Ltd 250 Cr. 676902/37838.4 1490.52 %18.4 %13.9 % 10.0
Bharat Seats Ltd 614 Cr. 196240/12622.5 55.90.82 %15.3 %15.9 % 2.00
Automobile Corporation of Goa Ltd 1,309 Cr. 2,1503,449/1,38528.5 3870.93 %18.7 %18.6 % 10.0
Akar Auto Industries Ltd 113 Cr. 104170/87.819.2 41.20.58 %17.3 %13.1 % 5.00
Industry Average3,487.00 Cr610.3439.79136.280.62%16.36%15.47%5.63

All Competitor Stocks of Lumax Auto Technologies Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales365388260403428417422487445493632700732
Expenses327345245358383372377435398437552610627
Operating Profit384316454545445247578090106
OPM %10%11%6%11%11%11%11%11%11%11%13%13%14%
Other Income733332487-48910
Interest2222233337161618
Depreciation9999101111121217293030
Profit before tax3435836353334443929435368
Tax %24%29%37%28%28%24%24%24%28%19%30%29%30%
Net Profit2525526252526342824303848
EPS in Rs3.393.080.503.433.163.093.204.273.432.743.254.025.35

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7487647608359039651,0131,1871,1411,1081,5081,8472,270
Expenses6846977007688348929251,0771,0501,0091,3571,6471,996
Operating Profit646761676873881109198151201274
OPM %9%9%8%8%8%8%9%9%8%9%10%11%12%
Other Income6442571022212617111521
Interest114554231010101742
Depreciation8111819212424273534405288
Profit before tax625943685056821007372113147164
Tax %18%31%30%31%31%28%31%31%19%28%27%24%
Net Profit5141304734405769595182111119
EPS in Rs7.446.024.436.604.665.067.159.678.526.9110.1813.6313.44
Dividend Payout %16%20%27%21%20%19%28%31%35%43%34%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-19.61%-26.83%56.67%-27.66%17.65%42.50%21.05%-14.49%-13.56%60.78%35.37%
Change in YoY Net Profit Growth (%)0.00%-7.22%83.50%-84.33%45.31%24.85%-21.45%-35.55%0.93%74.34%-25.42%

Lumax Auto Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:19%
3 Years:37%
TTM:36%
Compounded Profit Growth
10 Years:16%
5 Years:13%
3 Years:41%
TTM:60%
Stock Price CAGR
10 Years:26%
5 Years:39%
3 Years:52%
1 Year:38%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:16%
Last Year:18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital14141414141414141414141414
Reserves198212245269358438467433517530648776822
Borrowings275243383511709598165664810768
Other Liabilities1941961792182183963793193604308539971,218
Total Liabilities4334734815386248589298609901,1392,1792,5962,822
Fixed Assets1632292222292482733073553814091,0281,014995
CWIP3867514122221912133670
Investments191919228514212062131122201406436
Other Assets2132192332822774304794224695959371,1411,321
Total Assets4334734815386248589298609901,1392,1792,5962,822

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +53623949649556769887137265
Cash from Investing Activity +-97-59-11-32-57-57-89-32-76-65-476-249
Cash from Financing Activity +15-0-24-233-3737-33-4310365-40
Net Cash Flow-2934-5101411-203226-24

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow64.0040.009.0024.0030.0038.0077.0040.00-4.000.00-14.00-463.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6163587159101856273649176
Inventory Days182228323041273141414951
Days Payable77997590761411107610184118100
Cash Conversion Cycle3-13111313131714212327
Working Capital Days-6-68171512271516183034
ROCE %28%18%18%17%17%19%20%14%13%17%15%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%
FIIs19.39%19.34%19.53%19.37%19.41%19.02%18.24%17.97%15.89%9.04%6.93%5.74%
DIIs5.21%5.29%5.68%5.59%5.60%6.42%6.85%6.75%8.32%14.19%15.85%16.17%
Public19.42%19.40%18.81%19.04%19.01%18.57%18.94%19.29%19.81%20.77%21.23%22.10%
No. of Shareholders26,37124,93223,81227,95528,44426,53125,95227,14026,56129,66234,70441,124

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund4,045,6251.2157.5829,0002024-11-1313850.43%
Bandhan Small Cap Fund209,8740.258.1729,0002024-11-13623.7%
Bandhan Transportation and Logistics Fund29,0000.311.1329,0002024-11-130%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)19.1013.6310.186.918.52
Diluted EPS (Rs.)19.1013.6310.186.918.52
Cash EPS (Rs.)41.8124.0217.8912.5313.80
Book Value[Excl.RevalReserv]/Share (Rs.)148.66124.5288.7283.7971.64
Book Value[Incl.RevalReserv]/Share (Rs.)148.66124.5288.7283.7971.64
Revenue From Operations / Share (Rs.)414.00271.06221.24162.55167.39
PBDIT / Share (Rs.)60.6132.8924.0717.0516.00
PBIT / Share (Rs.)43.2925.2118.2812.0410.94
PBT / Share (Rs.)33.2721.5416.6510.509.53
Net Profit / Share (Rs.)24.5016.3512.107.528.74
NP After MI And SOA / Share (Rs.)19.1013.6310.186.918.52
PBDIT Margin (%)14.6312.1310.8810.489.55
PBIT Margin (%)10.459.308.267.406.53
PBT Margin (%)8.037.947.526.465.69
Net Profit Margin (%)5.916.035.464.625.22
NP After MI And SOA Margin (%)4.615.024.604.255.08
Return on Networth / Equity (%)16.4814.0312.768.8813.00
Return on Capital Employeed (%)19.8212.0218.6113.3213.66
Return On Assets (%)5.004.256.094.766.73
Long Term Debt / Equity (X)0.400.590.010.010.03
Total Debt / Equity (X)0.860.830.220.090.19
Asset Turnover Ratio (%)1.181.171.251.091.16
Current Ratio (X)1.191.301.341.301.29
Quick Ratio (X)0.961.091.101.081.08
Inventory Turnover Ratio (X)7.508.098.638.7210.00
Dividend Payout Ratio (NP) (%)0.0025.6829.4514.4658.71
Dividend Payout Ratio (CP) (%)0.0016.4318.778.3836.82
Earning Retention Ratio (%)0.0074.3270.5585.5441.29
Cash Earning Retention Ratio (%)0.0083.5781.2391.6263.18
Interest Coverage Ratio (X)6.0413.7717.5811.8311.40
Interest Coverage Ratio (Post Tax) (X)3.448.3910.026.286.37
Enterprise Value (Cr.)4128.012410.841187.191087.68366.91
EV / Net Operating Revenue (X)1.461.300.780.980.32
EV / EBITDA (X)9.9910.767.249.363.36
MarketCap / Net Operating Revenue (X)1.170.980.750.980.29
Retention Ratios (%)0.0074.3170.5485.5341.28
Price / BV (X)4.182.762.102.060.76
Price / Net Operating Revenue (X)1.170.980.750.980.29
EarningsYield0.030.050.060.040.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Lumax Auto Technologies Ltd as of November 15, 2024 is: 526.75

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Lumax Auto Technologies Ltd is Undervalued by 2.28% compared to the current share price 515.00

Intrinsic Value of Lumax Auto Technologies Ltd as of November 15, 2024 is: 577.03

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Lumax Auto Technologies Ltd is Undervalued by 12.04% compared to the current share price 515.00

Last 5 Year EPS CAGR: 9.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 15.00, which is a positive sign.
  3. The company has higher reserves (454.85 cr) compared to borrowings (221.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (383.31 cr) and profit (83.77 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 11.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Lumax Auto Technologies Ltd:
    1. Net Profit Margin: 5.91%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.82% (Industry Average ROCE: 16.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 16.48% (Industry Average ROE: 15.47%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.44
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.96
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25.1 (Industry average Stock P/E: 39.79)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.86
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Lumax Auto Technologies Ltd. is a Public Limited Listed company incorporated on 30/10/1981 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31909DL1981PLC349793 and registration number is 025519. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company’s Total Operating Revenue is Rs. 1157.03 Cr. and Equity Capital is Rs. 13.63 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others2nd Floor, Harbans Bhawan-II, New Delhi Delhi 110046shares@lumaxmail.com
http://www.lumaxautotech.com
Management
NamePosition Held
Mr. D K JainExecutive Chairman
Mr. Anmol JainManaging Director
Mr. Deepak JainNon Executive Director
Mr. Sanjay MehtaNon Executive Director
Mr. Arun Kumar MalhotraIndependent Director
Ms. Diviya ChananaIndependent Director
Mr. Avinash Parkash GandhiIndependent Director
Mr. Parag Chandulal ShahIndependent Director

FAQ

What is the latest intrinsic value of Lumax Auto Technologies Ltd?

The latest intrinsic value of Lumax Auto Technologies Ltd as on 15 November 2024 is ₹526.75, which is 2.28% higher than the current market price of ₹515.00.

What is the Market Cap of Lumax Auto Technologies Ltd?

The Market Cap of Lumax Auto Technologies Ltd is 3,513 Cr..

What is the current Stock Price of Lumax Auto Technologies Ltd as on 15 November 2024?

The current stock price of Lumax Auto Technologies Ltd as on 15 November 2024 is ₹515.

What is the High / Low of Lumax Auto Technologies Ltd stocks in FY 2024?

In FY 2024, the High / Low of Lumax Auto Technologies Ltd stocks is 610/362.

What is the Stock P/E of Lumax Auto Technologies Ltd?

The Stock P/E of Lumax Auto Technologies Ltd is 25.1.

What is the Book Value of Lumax Auto Technologies Ltd?

The Book Value of Lumax Auto Technologies Ltd is 116.

What is the Dividend Yield of Lumax Auto Technologies Ltd?

The Dividend Yield of Lumax Auto Technologies Ltd is 1.07 %.

What is the ROCE of Lumax Auto Technologies Ltd?

The ROCE of Lumax Auto Technologies Ltd is 17.7 %.

What is the ROE of Lumax Auto Technologies Ltd?

The ROE of Lumax Auto Technologies Ltd is 17.9 %.

What is the Face Value of Lumax Auto Technologies Ltd?

The Face Value of Lumax Auto Technologies Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Lumax Auto Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE