Lumax Industries Limited (LUMAXIND)

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Lumax Industries Limited (LUMAXIND) · mywealthgrid

About

Lumax Industries manufactures auto components for India's OEM ecosystem, with market cap ₹5,390.75 Cr and annualized revenue around ₹4,500 Cr (based on ₹1,200 Cr quarterly run rate). Positioned in consumer discretionary, the company faces exposure to vehicle production cycles and OEM capital spending.

Face value: ₹10

Market cap

₹5,162 Cr

P/E

27.5×

P/B

5.7×

Dividend yield

1.6%

ROE

20.4%

ROCE

20.1%

Debt / equity

0.88

OPM

9.7%

EPS (TTM)

₹200.4

Book value

₹981.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE of 28.77 with stock up 71% in 1yr suggests expectations heavily priced in; valuation cushion is minimal if earnings disappoint
OPM volatility (8.68%–10.51% range) indicates margin unpredictability; verify whether driven by input costs, operational leverage, or demand swings
D/E of 0.88 creates moderate leverage that can amplify downside if vehicle sales weaken; verify debt maturity and covenant headroom
Auto components demand is derivative of OEM production; any slowdown in vehicle sales flows directly to component volumes and profitability

Generated analysis · source review pending

Growth drivers

Revenue trended upward sequentially (Sep 2025: ₹1,008.6 Cr → Jun 2026: ₹1,223.23 Cr, +21%), indicating active near-term demand
ROE of 20.39% signals capital efficiency; verify whether management deploys reinvested earnings toward production capacity expansion
Quarterly net profit of ₹46–54 Cr generates retained earnings; verify capital allocation strategy for organic growth vs. returns
Recurring dividends (Aug 2026, 2025, 2024) demonstrate cash generation; verify payout ratio stability and management confidence in earnings

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹5,550.0-2.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 19.1% (3-yr avg)
+Profit CAGR of 56.9% over the last 5 years
+Revenue CAGR of 24% over the last 5 years
+Dividend payout of 44.7% of profit
+High promoter holding of 75% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 40
Growth: 87
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,426	1,692	1,602	1,426	1,751	2,320	2,637	3,400	4,184
COGS	4	1,090	984	903	1,127	1,511	1,717	2,311	2,752
Gross profit	—	602	618	523	624	808	919	1,090	1,432
	1,322	454	448	423	483	559	631	736	973
	100	148	170	101	142	249	289	354	459
OPM %	7%	8.7%	10.6%	7.1%	8.1%	10.7%	10.9%	10.4%	11%
Depreciation	41	48	64	65	64	80	93	113	152
Interest	11	7	22	28	21	29	48	72	74
	6	5	7	25	-4	9	11	9	-11
Profit before tax	—	98	92	33	53	149	159	178	223
Tax	21	26	20	15	12	46	48	38	50
Tax %	—	26.9%	21.6%	45.1%	22.9%	30.9%	30.3%	21.3%	22.5%
	54	71	72	18	41	103	111	140	172
PAT margin %	3.8%	4.2%	4.5%	1.3%	2.3%	4.4%	4.2%	4.1%	4.1%
EPS (₹)	—	76.3	76.9	19.4	43.6	110.3	118.8	149.7	184.5
EPS adjusted (₹)	—	—	76.9	19.4	43.6	110.3	118.7	149.6	184.5
	—	30.1%	30.6%	36%	31%	24.5%	29.5%	23.4%	29.8%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9
Reserves	—	451	482	574	662	765	908
	—	301	364	382	597	772	807
	—	601	691	900	1,332	1,315	1,711
Total equity & liabilities	—	1,362	1,546	1,866	2,601	2,861	3,435
	642	626	710	748	968	1,105	1,433
CWIP	—	47	48	43	178	212	105
Investments	—	93	103	148	180	247	279
	—	596	686	927	1,276	1,297	1,619
Total assets	—	1,362	1,546	1,866	2,601	2,861	3,435

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.6%	38.6%	36.7%	35.7%	34.8%	34.9%	32%	34.2%
EBITDA margin %	7.9%	9.9%	7%	7.7%	8.9%	8.7%	8.2%	9.7%
EBIT margin %	5.1%	5.9%	2.4%	4.1%	5.5%	5.2%	4.9%	6.1%
PAT margin %	4.2%	4.5%	1.3%	2.3%	4.4%	4.2%	4.1%	4.1%
Working capital
Receivable days	—	—	55	48	48	48	50	55
Inventory days	—	—	90	86	91	124	81	85
Payable days	—	—	151	154	135	148	129	137
NWC days	—	—	-6	-20	5	23	1	3
Leverage
Current ratio	—	—	0.64	0.69	0.78	0.8	0.76	0.76
Debt to EBITDA	—	—	3.03	2.7	1.84	2.59	2.76	1.99
Debt to equity	—	—	0.65	0.74	0.65	0.89	1	0.88
Interest coverage	12.7	4.6	2.1	4	4.8	3.1	2.4	3.5
Asset turnover	—	—	1.05	1.13	1.24	1.01	1.19	1.22
Return ratios
Return on assets %	—	—	1.3%	2.6%	5.5%	4.3%	4.9%	5%
Return on capital employed %	—	—	10.7%	13.8%	19.5%	15.9%	15.2%	20.1%
Return on equity %	—	—	3.9%	8.3%	17.7%	16.5%	18.1%	18.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%
	1.15%	1.12%	1.09%	1.17%	1.18%	0.92%	0.97%	1.18%	1.14%	1.38%	1.63%	1.36%
	1.28%	1.42%	1.47%	1.58%	3.56%	4.95%	5.64%	5.76%	5.98%	5.71%	6.08%	6.71%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.57%	22.46%	22.44%	22.25%	20.26%	19.13%	18.39%	18.06%	17.88%	17.91%	17.29%	16.93%
No. of shareholders	—	—	—	—	—	—	—	—	21,486	22,371	23,690	24,495

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 23 Aug 2021 – 23 Aug 2021

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Aug 2021	GOENKA BUSINESS & FINANCE LIMITED	Bulk	NSE	Sell	48,154	₹1,408.55	₹6.78 Cr
23 Aug 2021	GOENKA BUSINESS & FINANCE LIMITED	Bulk	NSE	Buy	48,154	₹1,376.55	₹6.63 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Deepak JainExecutive Director-Chairperson related to Promoter-MD
Mr. Ravi TeltiaVice President & Chief Financial Officer
Mr. ANMOL JAINExecutive Director-MD
Mr. TADAYOSHI AOKIExecutive Director
Mr. RAJEEV KAPOORNon-Executive - Independent Director
Mr. VIKRAMPATI SINGHANIANon-Executive - Independent Director
Mr. TOMOHIRO KONDONon-Executive - Non Independent Director
Mr. HARISH LAKSHMANNon-Executive - Independent Director
Mr. PRADEEP SINGH JAUHARNon-Executive - Independent Director
Mr. RAAJESH KUMAR GUPTAExecutive Director
Mr. KENJIRO NAKAZONOExecutive Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.11%

of the company's equity

All mutual funds

6.29%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes · 2 fund houses

		Shares
Small Cap Fund	Quantum Mutual Fund	10,485	6.54	2.46%	0.113%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	6	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Intimation regarding Upgradation of Long-Term and Short-Term Credit Ratings of Lumax Industries Limited by ICRA Limited27 Apr 2026 from ICRA

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
Jun 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

21

Final dividend6 Aug 2026 · ex-date₹55
Final dividend7 Aug 2025 · ex-date₹35
Final dividend9 Sept 2024 · ex-date₹35
Final dividend10 Aug 2023 · ex-date₹27
Final dividend8 Jul 2022 · ex-date₹13.5
Final dividend20 Aug 2021 · ex-date₹7
Final dividend20 Aug 2020 · ex-date₹6
Interim dividend24 Mar 2020 · ex-date₹17.5
Dividend dividend14 Aug 2019 · ex-date₹35
Dividend dividend9 Jul 2018 · ex-date₹23
Dividend dividend13 Jul 2017 · ex-date₹14.5
Interim dividend17 Mar 2016 · ex-date₹12
Dividend dividend10 Aug 2015 · ex-date₹5.5
Dividend dividend13 Aug 2014 · ex-date₹3.5
Dividend dividend25 Jul 2013 · ex-date₹4.5
Dividend dividend26 Jul 2012 · ex-date₹6
Dividend dividend28 Jul 2011 · ex-date₹6
Dividend dividend8 Jul 2010 · ex-date₹3
Dividend dividend6 Aug 2009 · ex-date₹1
Dividend dividend21 Aug 2008 · ex-date₹4
Dividend dividend12 Jul 2007 · ex-date₹4.5

1

Board meeting to consider results8 Aug 2026

1

Earnings call11 Aug 2026call

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

45 announcementsExport CSV

26 Aug 2026, 10:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

26 Aug 2026, 10:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

26 Aug 2026, 10:09 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

18 Aug 2026, 6:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

11 Aug 2026, 4:41 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

9 Aug 2026, 5:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Aug 2026, 5:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

8 Aug 2026, 5:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
26 Aug 2026, 10:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
26 Aug 2026, 10:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.6%	38.6%	36.7%	35.7%	34.8%	34.9%	32%	34.2%
EBITDA margin %	7.9%	9.9%	7%	7.7%	8.9%	8.7%	8.2%	9.7%
EBIT margin %	5.1%	5.9%	2.4%	4.1%	5.5%	5.2%	4.9%	6.1%
PAT margin %	4.2%	4.5%	1.3%	2.3%	4.4%	4.2%	4.1%	4.1%
Working capital
Receivable days	—	—	55	48	48	48	50	55
Inventory days	—	—	90	86	91	124	81	85
Payable days	—	—	151	154	135	148	129	137
NWC days	—	—	-6	-20	5	23	1	3
Leverage
Current ratio	—	—	0.64	0.69	0.78	0.8	0.76	0.76
Debt to EBITDA	—	—	3.03	2.7	1.84	2.59	2.76	1.99
Debt to equity	—	—	0.65	0.74	0.65	0.89	1	0.88
Interest coverage	12.7	4.6	2.1	4	4.8	3.1	2.4	3.5
Asset turnover	—	—	1.05	1.13	1.24	1.01	1.19	1.22
Return ratios
Return on assets %	—	—	1.3%	2.6%	5.5%	4.3%	4.9%	5%
Return on capital employed %	—	—	10.7%	13.8%	19.5%	15.9%	15.2%	20.1%
Return on equity %	—	—	3.9%	8.3%	17.7%	16.5%	18.1%	18.8%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	100	140	104	103	76	108	108	132	316	373
	-62	-128	-97	-194	-31	-129	-90	-245	333	-265
	-39	-11	-6	96	-51	34	-26	137	637	-92
Net cash flow	-2	1	1	6	-5	13	-8	24	1,286	16
Free cash flow	30	7	-47	-64	10	-16	17	-128	-8	83
CFO / Operating profit %	99.3%	104.3%	—	65.5%	76.8%	80%	51.9%	57.5%	113.1%	92%

Lumax Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

21

1

1

Announcements

21

1

1

Not in the F&O segment

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Lumax Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends21

Board meetings1

Other corporate actions1

Announcements

Ratio timeline

Dividends21

Board meetings1

Other corporate actions1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

21

1

1

21

1

1