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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lumax Industries Ltd

About the Company - Lumax Industries Ltd

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. 1751.31 Cr. and Equity Capital is Rs. 9.35 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Equipment Lamp2nd Floor, Harbans Bhawan-II, New Delhi Delhi 110064lumaxshare@lumaxmail.com
https://www.lumaxworld.in/lumaxindustries
Management
NamePosition Held
Mr. Dhanesh Kumar JainChairman Emeritus
Mr. Deepak JainChairman & Managing Director
Mr. Anmol JainJoint Managing Director
Mr. Tadayoshi AokiSenior Executive Director
Mr. Raajesh Kumar GuptaExecutive Director
Mr. Toru TanabeNon Exe. & Nominee Director
Mr. Yoshitsugu MatsushitaNon Exe. & Nominee Director
Mr. Rattan KapurIndependent Director
Mr. Avinash Parkash GandhiIndependent Director
Mrs. Ritika ModiIndependent Director
Mr. Vikrampati SinghaniaIndependent Director
Mr. Rajeev KapoorIndependent Director
Mr. Dhiraj Dhar GuptaIndependent Director

Lumax Industries Ltd. Share Price Update

Share PriceValue
Today₹2,396.30
Previous Day₹2,460.05

Basic Stock Data of Lumax Industries Ltd

Market Cap 2,197 Cr.
Current Price 2,350
High / Low2,843/1,640
Stock P/E22.3
Book Value 651
Dividend Yield1.15 %
ROCE19.2 %
ROE19.7 %
Face Value 10.0

Data Source: screener.in

Lumax Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales397446504314453435549512620579608618644
Expenses362398456308416401492469560524559567589
Operating Profit3548496373457436056495155
OPM %9%11%10%2%8%8%10%8%10%10%8%8%9%
Other Income5111626-4-191513141415
Interest876665567891011
Depreciation17171715161517192020212121
Profit before tax153542-14211035274841333438
Tax %50%44%46%27%28%30%19%28%31%27%38%32%31%
Net Profit72023-1015729203330212326
EPS in Rs7.7321.2024.28-10.5916.407.2530.5121.2035.2731.6022.2024.7328.08

Lumax Industries Ltd Quarterly Chart

Lumax Industries Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2521,2711,6491,8511,6021,4261,7512,3202,450
Expenses1,1641,1701,5151,6981,4431,3261,6162,1122,239
Operating Profit89101135154158100135208211
OPM %7%8%8%8%10%7%8%9%9%
Other Income4171957192735156
Interest13118162229223037
Depreciation384148606465648084
Profit before tax416598134923353149146
Tax %10%16%27%23%22%45%23%31%
Net Profit525471104721841103100
EPS in Rs55.6658.1676.34111.0376.9219.4243.56110.27106.61
Dividend Payout %22%25%30%32%31%36%31%24%

Lumax Industries Ltd Profit & Loss Yearly Chart

Lumax Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:7%
3 Years:13%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:14%
TTM:-15%
Stock Price CAGR
10 Years:22%
5 Years:7%
3 Years:17%
1 Year:43%
Return on Equity
10 Years:%
5 Years:14%
3 Years:12%
Last Year:20%

Lumax Industries Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital999999999
Reserves259300353426437451482574599
Borrowings12792104140347338401431597
Other Liabilities463478751615490564654852911
Total Liabilities8598801,2171,1901,2831,3621,5461,8662,116
Fixed Assets408419518549653627711749723
CWIP1720345032474843179
Investments697988819092102147171
Other Assets3653625775105085966859271,044
Total Assets8598801,2171,1901,2831,3621,5461,8662,116

Lumax Industries Ltd Reserves and Borrowings Chart

Lumax Industries Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8110014010410376108108
Cash from Investing Activity -37-62-128-97-194-31-129-90
Cash from Financing Activity -59-39-11-696-5134-26
Net Cash Flow-15-2116-513-8

Lumax Industries Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5355704439554848
Inventory Days4552576175949196
Days Payable135146180114131159163141
Cash Conversion Cycle-36-39-53-9-17-9-243
Working Capital Days-34-31-35-22-172413
ROCE %19%24%22%17%8%11%19%

Lumax Industries Ltd Financial Efficiency Indicators Chart

Lumax Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.64%0.61%0.53%0.47%0.25%0.24%0.47%0.65%0.84%1.12%1.15%1.12%
DIIs1.12%0.97%0.36%0.37%0.36%0.30%0.56%0.57%0.62%1.03%1.27%1.42%
Public23.24%23.42%24.11%24.16%24.39%24.46%23.95%23.79%23.54%22.84%22.57%22.45%
No. of Shareholders18,77419,64620,38420,73322,42421,54219,71220,00120,08919,41019,74219,395

Lumax Industries Ltd Shareholding Pattern Chart

No. of Lumax Industries Ltd Shareholders

Lumax Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Bandhan Transportation and Logistics Fund208791.344.49
Navi Large & Midcap Fund - Regular Plan155001.33.34
HDFC Retirement Savings Fund - Hybrid Debt - Regular Plan15000.240.36

Lumax Industries Ltd ROCE Trend

Lumax Industries Ltd EPS Trend

Lumax Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)110.2743.5719.4276.91111.04
Diluted EPS (Rs.)110.2743.5719.4276.91111.04
Cash EPS (Rs.)151.15104.5486.78131.96165.71
Book Value[Excl.RevalReserv]/Share (Rs.)624.30526.06492.56477.62465.24
Book Value[Incl.RevalReserv]/Share (Rs.)624.30526.06492.56477.62465.24
Revenue From Operations / Share (Rs.)2481.381873.521525.491713.351980.65
PBDIT / Share (Rs.)237.64158.72133.20176.62176.20
PBIT / Share (Rs.)152.1590.6164.18108.65111.70
PBT / Share (Rs.)114.9349.3733.7285.20133.82
Net Profit / Share (Rs.)65.6636.4317.7763.98101.21
NP After MI And SOA / Share (Rs.)110.2743.5719.4276.91111.04
PBDIT Margin (%)9.578.478.7310.308.89
PBIT Margin (%)6.134.834.206.345.63
PBT Margin (%)4.632.632.214.976.75
Net Profit Margin (%)2.641.941.163.735.10
NP After MI And SOA Margin (%)4.442.321.274.485.60
Return on Networth / Equity (%)17.668.283.9416.1023.86
Return on Capital Employeed (%)17.8612.8010.6818.3921.83
Return On Assets (%)5.522.631.335.608.72
Long Term Debt / Equity (X)0.100.110.000.050.00
Total Debt / Equity (X)0.650.740.650.650.31
Asset Turnover Ratio (%)1.421.241.111.341.58
Current Ratio (X)0.780.690.630.580.65
Quick Ratio (X)0.420.390.350.340.36
Inventory Turnover Ratio (X)4.794.634.294.586.29
Dividend Payout Ratio (NP) (%)12.2416.0630.8968.2520.71
Dividend Payout Ratio (CP) (%)6.896.266.7836.2313.10
Earning Retention Ratio (%)87.7683.9469.1131.7579.29
Cash Earning Retention Ratio (%)93.1193.7493.2263.7786.90
Interest Coverage Ratio (X)7.576.934.377.5310.61
Interest Coverage Ratio (Post Tax) (X)3.283.391.583.734.76
Enterprise Value (Cr.)2030.761175.941796.461053.861835.72
EV / Net Operating Revenue (X)0.870.671.260.650.99
EV / EBITDA (X)9.147.9314.436.3811.15
MarketCap / Net Operating Revenue (X)0.710.471.050.490.91
Retention Ratios (%)87.7583.9369.1031.7479.28
Price / BV (X)2.841.683.261.793.91
Price / Net Operating Revenue (X)0.710.471.050.490.91
EarningsYield0.060.040.010.080.06

Lumax Industries Ltd Profitability Ratios (%)

Lumax Industries Ltd Liquidity Ratios

Lumax Industries Ltd Liquidity Ratios (%)

Lumax Industries Ltd Interest Coverage Ratios (%)

Lumax Industries Ltd Valuation Ratios

Fair Value of Lumax Industries Ltd Stock

Fair Value: ₹2892.80

The stock is undervalued by 23.10% compared to the current price ₹2350

*Investments are subject to market risks

Strength and Weakness of Lumax Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -15.00, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -23.00, which is a positive sign.
  3. The company has higher reserves (431.22 cr) compared to borrowings (286.33 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.22 cr) and profit (90.11 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 105.46 and average Dividend Yield of 5.43%.
  2. The stock has a low average ROCE of 15.00%, 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 Industries 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