Lumax Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 13, 2025, 5:56 am

Market Cap	2,957 Cr.
Current Price	3,162
High / Low	3,300/1,960
Stock P/E	21.1
Book Value	828
Dividend Yield	1.11 %
ROCE	16.4 %
ROE	19.4 %
Face Value	10.0
PEG Ratio	0.43

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Lumax Industries Ltd

Competitors of Lumax Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Varroc Engineering Ltd	8,263 Cr.	541	717/365	72.2	102	0.00 %	17.3 %	7.48 %	1.00
Uravi T and Wedge Lamps Ltd	450 Cr.	412	670/254	268	35.1	0.00 %	10.2 %	8.83 %	10.0
Lumax Industries Ltd	2,957 Cr.	3,162	3,300/1,960	21.1	828	1.11 %	16.4 %	19.4 %	10.0
Fiem Industries Ltd	4,979 Cr.	1,892	1,926/1,156	24.6	394	1.59 %	27.8 %	21.0 %	10.0
Industry Average	4,162.25 Cr	1,501.75		96.48	339.78	0.68%	17.93%	14.18%	7.75

All Competitor Stocks of Lumax Industries Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	549	512	620	579	608	618	644	632	743	766	816	887	923
Expenses	492	469	560	524	559	567	589	573	677	708	755	817	844
Operating Profit	57	43	60	56	49	51	55	58	66	58	61	70	79
OPM %	10%	8%	10%	10%	8%	8%	9%	9%	9%	8%	8%	8%	9%
Other Income	-1	9	15	13	14	14	15	13	28	31	21	18	25
Interest	5	6	7	8	9	10	11	13	15	16	19	19	18
Depreciation	17	19	20	20	21	21	21	24	27	26	26	27	33
Profit before tax	35	27	48	41	33	34	38	35	52	46	37	42	53
Tax %	19%	28%	31%	27%	38%	32%	31%	27%	31%	26%	23%	19%	18%
Net Profit	29	20	33	30	21	23	26	26	36	34	28	33	44
EPS in Rs	30.51	21.20	35.27	31.60	22.20	24.73	28.08	27.37	38.59	36.57	30.25	35.82	47.04

Last Updated: May 31, 2025, 8:34 am

Below is a detailed analysis of the quarterly data for Lumax Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 923.00 Cr.. The value appears strong and on an upward trend. It has increased from 887.00 Cr. (Dec 2024) to 923.00 Cr., marking an increase of 36.00 Cr..
For Expenses, as of Mar 2025, the value is 844.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 817.00 Cr. (Dec 2024) to 844.00 Cr., marking an increase of 27.00 Cr..
For Operating Profit, as of Mar 2025, the value is 79.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Dec 2024) to 79.00 Cr., marking an increase of 9.00 Cr..
For OPM %, as of Mar 2025, the value is 9.00%. The value appears strong and on an upward trend. It has increased from 8.00% (Dec 2024) to 9.00%, marking an increase of 1.00%.
For Other Income, as of Mar 2025, the value is 25.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Dec 2024) to 25.00 Cr., marking an increase of 7.00 Cr..
For Interest, as of Mar 2025, the value is 18.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 19.00 Cr. (Dec 2024) to 18.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 33.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 27.00 Cr. (Dec 2024) to 33.00 Cr., marking an increase of 6.00 Cr..
For Profit before tax, as of Mar 2025, the value is 53.00 Cr.. The value appears strong and on an upward trend. It has increased from 42.00 Cr. (Dec 2024) to 53.00 Cr., marking an increase of 11.00 Cr..
For Tax %, as of Mar 2025, the value is 18.00%. The value appears to be improving (decreasing) as expected. It has decreased from 19.00% (Dec 2024) to 18.00%, marking a decrease of 1.00%.
For Net Profit, as of Mar 2025, the value is 44.00 Cr.. The value appears strong and on an upward trend. It has increased from 33.00 Cr. (Dec 2024) to 44.00 Cr., marking an increase of 11.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 47.04. The value appears strong and on an upward trend. It has increased from 35.82 (Dec 2024) to 47.04, marking an increase of 11.22.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:38 pm

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,252	1,271	1,649	1,851	1,602	1,426	1,751	2,320	2,637	3,212
Expenses	1,164	1,170	1,515	1,698	1,443	1,326	1,616	2,112	2,405	2,957
Operating Profit	89	101	135	154	158	100	135	208	231	255
OPM %	7%	8%	8%	8%	10%	7%	8%	9%	9%	8%
Other Income	4	17	19	57	19	27	3	51	70	98
Interest	13	11	8	16	22	29	22	30	49	69
Depreciation	38	41	48	60	64	65	64	80	93	107
Profit before tax	41	65	98	134	92	33	53	149	159	177
Tax %	10%	16%	27%	23%	22%	45%	23%	31%	30%
Net Profit	52	54	71	104	72	18	41	103	111	132
EPS in Rs	55.66	58.16	76.34	111.03	76.92	19.42	43.56	110.27	118.77	141.23
Dividend Payout %	22%	25%	30%	32%	31%	36%	31%	24%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	3.85%	31.48%	46.48%	-30.77%	-75.00%	127.78%	151.22%	7.77%
Change in YoY Net Profit Growth (%)	0.00%	27.64%	15.00%	-77.25%	-44.23%	202.78%	23.44%	-143.45%

Lumax Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	25%
TTM:	29%

Compounded Profit Growth
10 Years:	%
5 Years:	14%
3 Years:	38%
TTM:	26%

Stock Price CAGR
10 Years:	27%
5 Years:	26%
3 Years:	40%
1 Year:	10%

Return on Equity
10 Years:	%
5 Years:	15%
3 Years:	19%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 3:09 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9	9	9	9	9	9	9	9	9	9
Reserves	259	300	353	426	437	451	482	574	662	765
Borrowings	127	92	104	140	347	338	401	431	723	888
Other Liabilities	463	478	751	615	490	564	654	852	1,207	1,199
Total Liabilities	859	880	1,217	1,190	1,283	1,362	1,546	1,866	2,601	2,861
Fixed Assets	408	419	518	549	653	627	711	749	968	1,106
CWIP	17	20	34	50	32	47	48	43	178	212
Investments	69	79	88	81	90	92	102	147	179	246
Other Assets	365	362	577	510	508	596	685	927	1,276	1,297
Total Assets	859	880	1,217	1,190	1,283	1,362	1,546	1,866	2,601	2,861

Below is a detailed analysis of the balance sheet data for Lumax Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 9.00 Cr..
For Reserves, as of Mar 2025, the value is 765.00 Cr.. The value appears strong and on an upward trend. It has increased from 662.00 Cr. (Mar 2024) to 765.00 Cr., marking an increase of 103.00 Cr..
For Borrowings, as of Mar 2025, the value is 888.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 723.00 Cr. (Mar 2024) to 888.00 Cr., marking an increase of 165.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,199.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,207.00 Cr. (Mar 2024) to 1,199.00 Cr., marking a decrease of 8.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 2,861.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,601.00 Cr. (Mar 2024) to 2,861.00 Cr., marking an increase of 260.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 1,106.00 Cr.. The value appears strong and on an upward trend. It has increased from 968.00 Cr. (Mar 2024) to 1,106.00 Cr., marking an increase of 138.00 Cr..
For CWIP, as of Mar 2025, the value is 212.00 Cr.. The value appears strong and on an upward trend. It has increased from 178.00 Cr. (Mar 2024) to 212.00 Cr., marking an increase of 34.00 Cr..
For Investments, as of Mar 2025, the value is 246.00 Cr.. The value appears strong and on an upward trend. It has increased from 179.00 Cr. (Mar 2024) to 246.00 Cr., marking an increase of 67.00 Cr..
For Other Assets, as of Mar 2025, the value is 1,297.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,276.00 Cr. (Mar 2024) to 1,297.00 Cr., marking an increase of 21.00 Cr..
For Total Assets, as of Mar 2025, the value is 2,861.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,601.00 Cr. (Mar 2024) to 2,861.00 Cr., marking an increase of 260.00 Cr..

However, the Borrowings (888.00 Cr.) are higher than the Reserves (₹765.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	81	100	140	104	103	76	108	108	132	212
Cash from Investing Activity +	-37	-62	-128	-97	-194	-31	-129	-90	-245	-293
Cash from Financing Activity +	-59	-39	-11	-6	96	-51	34	-26	137	59
Net Cash Flow	-15	-2	1	1	6	-5	13	-8	24	-22

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-38.00	9.00	31.00	14.00	-189.00	-238.00	-266.00	-223.00	-492.00

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

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	53	55	70	44	39	55	48	48	48
Inventory Days	45	52	57	61	75	94	91	96	129
Days Payable	135	146	180	114	131	159	163	141	154
Cash Conversion Cycle	-36	-39	-53	-9	-17	-9	-24	3	22
Working Capital Days	-34	-31	-35	-22	-17	2	4	13	14
ROCE %		19%	24%	22%	17%	8%	11%	19%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.25%	0.24%	0.47%	0.65%	0.84%	1.12%	1.15%	1.12%	1.09%	1.17%	1.18%	0.92%
DIIs	0.36%	0.30%	0.56%	0.57%	0.62%	1.03%	1.27%	1.42%	1.46%	1.57%	3.56%	4.94%
Public	24.39%	24.46%	23.95%	23.79%	23.54%	22.84%	22.57%	22.45%	22.44%	22.25%	20.27%	19.13%
No. of Shareholders	22,424	21,542	19,712	20,001	20,089	19,410	19,742	19,395	19,329	19,999	18,884	18,814

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Transportation and Logistics Fund	37,000	1.86	10.29	37,000	2025-04-22 15:56:56	0%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan	32,000	0.6	8.9	32,000	2025-04-22 15:56:56	0%
Bank of India Manufacturing & Infrastructure Fund	18,882	1.3	5.25	18,882	2025-04-22 15:56:56	0%
Bandhan Hybrid Equity Fund	13,732	0.52	3.82	13,732	2025-04-22 14:36:32	0%
Bank of India Large & Mid Cap Equity Fund	10,138	0.81	2.82	10,138	2025-04-22 15:56:56	0%
Bank of India Large & Mid Cap Equity Fund - Eco Plan	10,138	0.81	2.82	10,138	2025-04-22 15:56:56	0%
Navi Large & Midcap Fund - Regular Plan	7,500	0.67	2.09	7,500	2025-04-22 15:56:56	0%
HDFC Retirement Savings Fund - Hybrid Debt - Regular Plan	1,500	0.27	0.43	1,500	2025-04-22 15:56:56	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	118.77	110.27	43.57	19.42	76.91
Diluted EPS (Rs.)	118.77	110.27	43.57	19.42	76.91
Cash EPS (Rs.)	155.92	151.15	104.54	86.78	131.96
Book Value[Excl.RevalReserv]/Share (Rs.)	718.41	624.30	526.06	492.56	477.62
Book Value[Incl.RevalReserv]/Share (Rs.)	718.41	624.30	526.06	492.56	477.62
Revenue From Operations / Share (Rs.)	2820.58	2481.38	1873.52	1525.49	1713.35
PBDIT / Share (Rs.)	258.66	237.64	158.72	133.20	176.62
PBIT / Share (Rs.)	159.33	152.15	90.61	64.18	108.65
PBT / Share (Rs.)	108.11	114.93	49.37	33.72	85.20
Net Profit / Share (Rs.)	56.59	65.66	36.43	17.77	63.98
NP After MI And SOA / Share (Rs.)	118.77	110.27	43.57	19.42	76.91
PBDIT Margin (%)	9.17	9.57	8.47	8.73	10.30
PBIT Margin (%)	5.64	6.13	4.83	4.20	6.34
PBT Margin (%)	3.83	4.63	2.63	2.21	4.97
Net Profit Margin (%)	2.00	2.64	1.94	1.16	3.73
NP After MI And SOA Margin (%)	4.21	4.44	2.32	1.27	4.48
Return on Networth / Equity (%)	16.53	17.66	8.28	3.94	16.10
Return on Capital Employeed (%)	13.76	17.86	12.80	10.68	18.39
Return On Assets (%)	4.26	5.52	2.63	1.33	5.60
Long Term Debt / Equity (X)	0.22	0.10	0.11	0.00	0.05
Total Debt / Equity (X)	0.88	0.65	0.74	0.65	0.65
Asset Turnover Ratio (%)	1.18	1.42	1.24	1.11	1.34
Current Ratio (X)	0.79	0.78	0.69	0.63	0.58
Quick Ratio (X)	0.41	0.42	0.39	0.35	0.34
Inventory Turnover Ratio (X)	3.63	4.79	4.63	4.29	4.58
Dividend Payout Ratio (NP) (%)	22.73	12.24	16.06	30.89	68.25
Dividend Payout Ratio (CP) (%)	12.38	6.89	6.26	6.78	36.23
Earning Retention Ratio (%)	77.27	87.76	83.94	69.11	31.75
Cash Earning Retention Ratio (%)	87.62	93.11	93.74	93.22	63.77
Interest Coverage Ratio (X)	5.05	7.57	6.93	4.37	7.53
Interest Coverage Ratio (Post Tax) (X)	2.10	3.28	3.39	1.58	3.73
Enterprise Value (Cr.)	2795.80	2030.76	1175.94	1796.46	1053.86
EV / Net Operating Revenue (X)	1.06	0.87	0.67	1.26	0.65
EV / EBITDA (X)	11.56	9.14	7.93	14.43	6.38
MarketCap / Net Operating Revenue (X)	0.85	0.71	0.47	1.05	0.49
Retention Ratios (%)	77.26	87.75	83.93	69.10	31.74
Price / BV (X)	3.34	2.84	1.68	3.26	1.79
Price / Net Operating Revenue (X)	0.85	0.71	0.47	1.05	0.49
EarningsYield	0.04	0.06	0.04	0.01	0.08

After reviewing the key financial ratios for Lumax Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 118.77. This value is within the healthy range. It has increased from 110.27 (Mar 23) to 118.77, marking an increase of 8.50.
For Diluted EPS (Rs.), as of Mar 24, the value is 118.77. This value is within the healthy range. It has increased from 110.27 (Mar 23) to 118.77, marking an increase of 8.50.
For Cash EPS (Rs.), as of Mar 24, the value is 155.92. This value is within the healthy range. It has increased from 151.15 (Mar 23) to 155.92, marking an increase of 4.77.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 718.41. It has increased from 624.30 (Mar 23) to 718.41, marking an increase of 94.11.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 718.41. It has increased from 624.30 (Mar 23) to 718.41, marking an increase of 94.11.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 2,820.58. It has increased from 2,481.38 (Mar 23) to 2,820.58, marking an increase of 339.20.
For PBDIT / Share (Rs.), as of Mar 24, the value is 258.66. This value is within the healthy range. It has increased from 237.64 (Mar 23) to 258.66, marking an increase of 21.02.
For PBIT / Share (Rs.), as of Mar 24, the value is 159.33. This value is within the healthy range. It has increased from 152.15 (Mar 23) to 159.33, marking an increase of 7.18.
For PBT / Share (Rs.), as of Mar 24, the value is 108.11. This value is within the healthy range. It has decreased from 114.93 (Mar 23) to 108.11, marking a decrease of 6.82.
For Net Profit / Share (Rs.), as of Mar 24, the value is 56.59. This value is within the healthy range. It has decreased from 65.66 (Mar 23) to 56.59, marking a decrease of 9.07.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 118.77. This value is within the healthy range. It has increased from 110.27 (Mar 23) to 118.77, marking an increase of 8.50.
For PBDIT Margin (%), as of Mar 24, the value is 9.17. This value is below the healthy minimum of 10. It has decreased from 9.57 (Mar 23) to 9.17, marking a decrease of 0.40.
For PBIT Margin (%), as of Mar 24, the value is 5.64. This value is below the healthy minimum of 10. It has decreased from 6.13 (Mar 23) to 5.64, marking a decrease of 0.49.
For PBT Margin (%), as of Mar 24, the value is 3.83. This value is below the healthy minimum of 10. It has decreased from 4.63 (Mar 23) to 3.83, marking a decrease of 0.80.
For Net Profit Margin (%), as of Mar 24, the value is 2.00. This value is below the healthy minimum of 5. It has decreased from 2.64 (Mar 23) to 2.00, marking a decrease of 0.64.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 4.21. This value is below the healthy minimum of 8. It has decreased from 4.44 (Mar 23) to 4.21, marking a decrease of 0.23.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.53. This value is within the healthy range. It has decreased from 17.66 (Mar 23) to 16.53, marking a decrease of 1.13.
For Return on Capital Employeed (%), as of Mar 24, the value is 13.76. This value is within the healthy range. It has decreased from 17.86 (Mar 23) to 13.76, marking a decrease of 4.10.
For Return On Assets (%), as of Mar 24, the value is 4.26. This value is below the healthy minimum of 5. It has decreased from 5.52 (Mar 23) to 4.26, marking a decrease of 1.26.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.22. This value is within the healthy range. It has increased from 0.10 (Mar 23) to 0.22, marking an increase of 0.12.
For Total Debt / Equity (X), as of Mar 24, the value is 0.88. This value is within the healthy range. It has increased from 0.65 (Mar 23) to 0.88, marking an increase of 0.23.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.18. It has decreased from 1.42 (Mar 23) to 1.18, marking a decrease of 0.24.
For Current Ratio (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1.5. It has increased from 0.78 (Mar 23) to 0.79, marking an increase of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 0.41. This value is below the healthy minimum of 1. It has decreased from 0.42 (Mar 23) to 0.41, marking a decrease of 0.01.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.63. This value is below the healthy minimum of 4. It has decreased from 4.79 (Mar 23) to 3.63, marking a decrease of 1.16.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 22.73. This value is within the healthy range. It has increased from 12.24 (Mar 23) to 22.73, marking an increase of 10.49.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 12.38. This value is below the healthy minimum of 20. It has increased from 6.89 (Mar 23) to 12.38, marking an increase of 5.49.
For Earning Retention Ratio (%), as of Mar 24, the value is 77.27. This value exceeds the healthy maximum of 70. It has decreased from 87.76 (Mar 23) to 77.27, marking a decrease of 10.49.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 87.62. This value exceeds the healthy maximum of 70. It has decreased from 93.11 (Mar 23) to 87.62, marking a decrease of 5.49.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.05. This value is within the healthy range. It has decreased from 7.57 (Mar 23) to 5.05, marking a decrease of 2.52.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.10. This value is below the healthy minimum of 3. It has decreased from 3.28 (Mar 23) to 2.10, marking a decrease of 1.18.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,795.80. It has increased from 2,030.76 (Mar 23) to 2,795.80, marking an increase of 765.04.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.06. This value is within the healthy range. It has increased from 0.87 (Mar 23) to 1.06, marking an increase of 0.19.
For EV / EBITDA (X), as of Mar 24, the value is 11.56. This value is within the healthy range. It has increased from 9.14 (Mar 23) to 11.56, marking an increase of 2.42.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.85. This value is below the healthy minimum of 1. It has increased from 0.71 (Mar 23) to 0.85, marking an increase of 0.14.
For Retention Ratios (%), as of Mar 24, the value is 77.26. This value exceeds the healthy maximum of 70. It has decreased from 87.75 (Mar 23) to 77.26, marking a decrease of 10.49.
For Price / BV (X), as of Mar 24, the value is 3.34. This value exceeds the healthy maximum of 3. It has increased from 2.84 (Mar 23) to 3.34, marking an increase of 0.50.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.85. This value is below the healthy minimum of 1. It has increased from 0.71 (Mar 23) to 0.85, marking an increase of 0.14.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to 0.04, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Lumax Industries Ltd as of June 13, 2025 is: 2,741.57

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 June 13, 2025, Lumax Industries Ltd is Overvalued by 13.30% compared to the current share price 3,162.00

Intrinsic Value of Lumax Industries Ltd as of June 13, 2025 is: 4,076.95

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 June 13, 2025, Lumax Industries Ltd is Undervalued by 28.94% compared to the current share price 3,162.00

Last 5 Year EPS CAGR: 48.71%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.22%, which is a positive sign. The stock has a low average Working Capital Days of -11.78, which is a positive sign. The stock has a low average Cash Conversion Cycle of -18.00, which is a positive sign. The company has higher reserves (470.90 cr) compared to borrowings (359.10 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.40 cr) and profit (100.10 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 15.22%, which is a positive sign.
The stock has a low average Working Capital Days of -11.78, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -18.00, which is a positive sign.
The company has higher reserves (470.90 cr) compared to borrowings (359.10 cr), indicating strong financial stability.
The company has shown consistent growth in sales (1.40 cr) and profit (100.10 cr) over the years.

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 Industries Ltd:
1. Net Profit Margin: 2%
  - 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: 13.76% (Industry Average ROCE: 17.93%)
  - 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%: 16.53% (Industry Average ROE: 14.18%)
  - 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): 2.1
  - 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: 0.41
  - 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: 21.1 (Industry average Stock P/E: 96.48)
  - 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: 0.88
  - 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 Industries Ltd. is a Public Limited Listed company incorporated on 10/12/1981 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1981PLC012804 and registration number is 012804. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company's Total Operating Revenue is Rs. 3400.39 Cr. and Equity Capital is Rs. 9.35 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Equipment Lamp	2nd Floor, Harbans Bhawan-II, New Delhi Delhi 110046	lumaxshare@lumaxmail.com https://www.lumaxworld.in/lumaxindustries

Management
Name	Position Held
Mr. Dhanesh Kumar Jain	Chairman Emeritus
Mr. Deepak Jain	Chairman & Managing Director
Mr. Anmol Jain	Joint Managing Director
Mr. Tadayoshi Aoki	Senior Executive Director
Mr. Raajesh Kumar Gupta	Executive Director
Mr. Tomohiro Kondo	Non Executive Director
Mr. Tetsuya Hojo	Non Executive Director
Mr. Rajeev Kapoor	Independent Director
Ms. Ritika Sethi	Independent Director
Mr. Vikrampati Singhania	Independent Director
Mr. Harish Lakshman	Independent Director
Mr. Pradeep Singh Jauhar	Independent Director
Ms. Pallavi Dinodia Gupta	Independent Director

FAQ

What is the intrinsic value of Lumax Industries Ltd?

Lumax Industries Ltd's intrinsic value (as of 13 June 2025) is ₹2741.57 — 13.30% lower the current market price of 3,162.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,957 Cr. market cap, FY2025-2026 high/low of ₹3,300/1,960, reserves of 765 Cr, and liabilities of 2,861 Cr.

What is the Market Cap of Lumax Industries Ltd?

The Market Cap of Lumax Industries Ltd is 2,957 Cr..

What is the current Stock Price of Lumax Industries Ltd as on 13 June 2025?

The current stock price of Lumax Industries Ltd as on 13 June 2025 is 3,162.

What is the High / Low of Lumax Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Lumax Industries Ltd stocks is ₹3,300/1,960.

What is the Stock P/E of Lumax Industries Ltd?

The Stock P/E of Lumax Industries Ltd is 21.1.

What is the Book Value of Lumax Industries Ltd?

The Book Value of Lumax Industries Ltd is 828.

What is the Dividend Yield of Lumax Industries Ltd?

The Dividend Yield of Lumax Industries Ltd is 1.11 %.

What is the ROCE of Lumax Industries Ltd?

The ROCE of Lumax Industries Ltd is 16.4 %.

What is the ROE of Lumax Industries Ltd?

The ROE of Lumax Industries Ltd is 19.4 %.

What is the Face Value of Lumax Industries Ltd?

The Face Value of Lumax Industries Ltd is 10.0.