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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lumax Auto Technologies Ltd

About the Company - Lumax Auto Technologies Ltd

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. Milap JainIndependent Director
Mr. Roop SalotraIndependent Director
Mrs. Diviya ChananaIndependent Director
Mr. Sanjay MehtaNon Executive Director
Mr. Arun Kumar MalhotraIndependent Director
Mr. Deepak JainNon Executive Director
Mr. Avinash Parkash GandhiIndependent Director
Mr. D K JainExecutive Chairman
Mr. Anmol JainManaging Director

Lumax Auto Technologies Ltd. Share Price Update

Share PriceValue
Today₹403.00
Previous Day₹415.60

Basic Stock Data of Lumax Auto Technologies Ltd

Market Cap 3,196 Cr.
Current Price 469
High / Low499/245
Stock P/E29.0
Book Value 103
Dividend Yield0.95 %
ROCE14.8 %
ROE15.9 %
Face Value 2.00

Data Source: screener.in

Competitors of Lumax Auto Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sharda Motor Industries Ltd 4,418 Cr. 1,4861,572/55016.4 2911.14 %37.9 %28.8 % 2.00
Minda Corporation Ltd 10,228 Cr. 428450/18536.8 78.50.27 %16.5 %19.6 % 2.00
PPAP Automotive Ltd 299 Cr. 214295/148 2090.70 %1.58 %2.02 % 10.0
Munjal Auto Industries Ltd 899 Cr. 89.9115/35.626.5 38.82.22 %8.71 %5.96 % 2.00
Sandhar Technologies Ltd 3,272 Cr. 544599/18633.3 1590.46 %8.70 %8.01 % 10.0
Industry Average243 Cr255.3822.6155.260.96%14.68%12.88%5.2

Lumax Auto Technologies Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales284365388260403428417422487445493632700
Expenses254327345245358383372377435398437552610
Operating Profit30384316454545445247578090
OPM %10%10%11%6%11%11%11%11%11%11%11%13%13%
Other Income3733332487-489
Interest222222333371616
Depreciation899991011111212172930
Profit before tax2334358363533344439294353
Tax %30%24%29%37%28%28%24%24%24%28%19%30%29%
Net Profit1625255262525263428243038
EPS in Rs2.253.393.080.503.433.163.093.204.273.432.743.254.02

Lumax Auto Technologies Ltd Quarterly Chart

Lumax Auto Technologies Ltd Profit & Loss

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%

Lumax Auto Technologies Ltd Profit & Loss Yearly Chart

Lumax Auto Technologies Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:13%
3 Years:17%
TTM:44%
Compounded Profit Growth
10 Years:9%
5 Years:14%
3 Years:18%
TTM:14%
Stock Price CAGR
10 Years:38%
5 Years:28%
3 Years:49%
1 Year:94%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:13%
Last Year:16%

Lumax Auto Technologies Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141414141414141414
Reserves169198212245269358438467433517530648691
Borrowings2275243383511709598165664721
Other Liabilities162194196179218218396379319360430853927
Total Liabilities3474334734815386248589298609901,1392,1792,352
Fixed Assets901632292222292482733073553814091,028996
CWIP2238675141222219121325
Investments19191919228514212062131122201325
Other Assets2162132192332822774304794224695959371,007
Total Assets3474334734815386248589298609901,1392,1792,352

Lumax Auto Technologies Ltd Reserves and Borrowings Chart

Lumax Auto Technologies Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4353623949649556769887137
Cash from Investing Activity -29-97-59-11-32-57-57-89-32-76-65-476
Cash from Financing Activity -1115-0-24-233-3737-33-4310365
Net Cash Flow3-2934-5101411-203226

Lumax Auto Technologies Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6161635871591018562736491
Inventory Days141822283230412731414149
Days Payable6877997590761411107610184118
Cash Conversion Cycle73-131113131317142123
Working Capital Days1-6-681715122715161830
ROCE %37%28%18%18%17%17%19%20%14%13%17%15%

Lumax Auto Technologies Ltd Financial Efficiency Indicators Chart

Lumax Auto Technologies Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%55.98%
FIIs19.53%19.84%19.37%19.39%19.34%19.53%19.37%19.41%19.02%18.24%17.97%15.89%
DIIs5.90%5.21%5.20%5.21%5.29%5.68%5.59%5.60%6.42%6.85%6.75%8.32%
Public18.59%18.97%19.45%19.42%19.40%18.81%19.04%19.01%18.57%18.94%19.29%19.81%
No. of Shareholders17,61024,19228,34226,37124,93223,81227,95528,44426,53125,95227,14026,561

Lumax Auto Technologies Ltd Shareholding Pattern Chart

No. of Lumax Auto Technologies Ltd Shareholders

Lumax Auto Technologies Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund40456251.2157.58
Bandhan Small Cap Fund2098740.258.17
Bandhan Transportation and Logistics Fund290000.311.13

Lumax Auto Technologies Ltd ROCE Trend

Lumax Auto Technologies Ltd EPS Trend

Lumax Auto Technologies Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)13.6310.186.918.529.67
Diluted EPS (Rs.)13.6310.186.918.529.67
Cash EPS (Rs.)24.0217.8912.5313.8014.12
Book Value[Excl.RevalReserv]/Share (Rs.)124.5288.7283.7971.6476.65
Book Value[Incl.RevalReserv]/Share (Rs.)124.5288.7283.7971.6476.65
Revenue From Operations / Share (Rs.)271.06221.24162.55167.39174.15
PBDIT / Share (Rs.)32.8924.0717.0516.0018.21
PBIT / Share (Rs.)25.2118.2812.0410.9414.24
PBT / Share (Rs.)21.5416.6510.509.5312.89
Net Profit / Share (Rs.)16.3512.107.528.7410.14
NP After MI And SOA / Share (Rs.)13.6310.186.918.529.67
PBDIT Margin (%)12.1310.8810.489.5510.45
PBIT Margin (%)9.308.267.406.538.17
PBT Margin (%)7.947.526.465.697.40
Net Profit Margin (%)6.035.464.625.225.82
NP After MI And SOA Margin (%)5.024.604.255.085.55
Return on Networth / Equity (%)14.0312.768.8813.0013.72
Return on Capital Employeed (%)12.0218.6113.3213.6617.34
Return On Assets (%)4.256.094.766.737.08
Long Term Debt / Equity (X)0.590.010.010.030.01
Total Debt / Equity (X)0.830.220.090.190.13
Asset Turnover Ratio (%)1.171.251.091.161.18
Current Ratio (X)1.301.341.301.291.29
Quick Ratio (X)1.091.101.081.081.13
Inventory Turnover Ratio (X)8.098.638.7210.009.23
Dividend Payout Ratio (NP) (%)25.6829.4514.4658.7129.24
Dividend Payout Ratio (CP) (%)16.4318.778.3836.8220.72
Earning Retention Ratio (%)74.3270.5585.5441.2970.76
Cash Earning Retention Ratio (%)83.5781.2391.6263.1879.28
Interest Coverage Ratio (X)13.7717.5811.8311.4039.05
Interest Coverage Ratio (Post Tax) (X)8.3910.026.286.3720.67
Enterprise Value (Cr.)2410.841187.191087.68366.911003.73
EV / Net Operating Revenue (X)1.300.780.980.320.84
EV / EBITDA (X)10.767.249.363.368.09
MarketCap / Net Operating Revenue (X)0.980.750.980.290.80
Retention Ratios (%)74.3170.5485.5341.2870.75
Price / BV (X)2.762.102.060.761.98
Price / Net Operating Revenue (X)0.980.750.980.290.80
EarningsYield0.050.060.040.170.06

Lumax Auto Technologies Ltd Profitability Ratios (%)

Lumax Auto Technologies Ltd Liquidity Ratios

Lumax Auto Technologies Ltd Liquidity Ratios (%)

Lumax Auto Technologies Ltd Interest Coverage Ratios (%)

Lumax Auto Technologies Ltd Valuation Ratios

Fair Value of Lumax Auto Technologies Ltd Stock

Fair Value: ₹479.44

The stock is undervalued by 2.23% compared to the current price ₹469

*Investments are subject to market risks

Strength and Weakness of Lumax Auto Technologies Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 12.25, which is a positive sign.
  3. The company has higher reserves (398.08 cr) compared to borrowings (155.46 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 is trading at a high valuation with an average P/B ratio of 16.14 and average Dividend Yield of 7.93%.
  2. The stock has a high average Cash Conversion Cycle of 9.42, which may not be favorable.

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