Lumax Auto Technologies Ltd - Stock Valuation and Financial Performance

BSE: 532796 | NSE: LUMAXTECH | Auto Ancillary | Small Cap

Lumax Auto Tech Share Price

482.75 3.25 0.68%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Lumax Auto Tech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

umax Auto Technologies stock performance -

mw4me loader
P/E Ratio (SA):
50.66
Market Cap:
3,299.2 Cr.
52-wk low:
263.8
52-wk high:
498

Is Lumax Auto Technologies Ltd an attractive stock to invest in?

1. Is Lumax Auto Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lumax Auto Technologies Ltd is a average quality company.

2. Is Lumax Auto Technologies Ltd undervalued or overvalued?

The key valuation ratios of Lumax Auto Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Lumax Auto Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Lumax Auto Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Lumax Auto Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lumax Auto Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.9%12.1%13.4%5%13.4%16.6%13.3%9.1%11%12%-
Value Creation
Index
-0.2-0.1-0.1-0.60.00.2-0.1-0.4-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4775245624815961,1299429031,1961,3221,283
Sales YoY Gr.-10%7.2%-14.5%24%89.5%-16.5%-4.2%32.5%10.5%-
Adj EPS 2.12.32.81.14.58.78.868.211.39.6
YoY Gr.-10.1%23.5%-60.9%307.2%92.9%0.5%-32.1%37.5%38.5%-
BVPS (₹) 15.218.220.128.637.965.460.871.670.985.592.9
Adj Net
Profit
14.215.719.47.630.859.459.740.655.877.265
Cash Flow from Ops. 53.727.42818.751.252.24580.950.688-
Debt/CF from Ops. 11.51.21.8011.50.41.92.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12%17.3%11.9%10.5%
Adj EPS 20.7%20.2%9%38.5%
BVPS21.2%17.7%12%20.6%
Share Price 36.8% 28.2% 47.2% 79.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.213.814.94.613.616.913.9911.514.510.7
Op. Profit
Mgn %
6.66.76.24.97.48.47.37.37.48.18.4
Net Profit
Mgn %
333.51.65.25.36.34.54.75.85.1
Debt to
Equity
0.50.30.20.200.10.20.10.20.4-
Working Cap
Days
9787829610689111104928865
Cash Conv.
Cycle
523437242318195

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.94%

Return on Equity has declined versus last 3 years average to 10.70%

Net Profit has been subdued in last 3 years 8.95%

Sales growth is not so good in last 4 quarters at -3.83%

Latest Financials - Lumax Auto Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 9.6 15.4
TTM Sales (₹ Cr.) 1,283 2,558
BVPS (₹.) 92.9 110.4
Reserves (₹ Cr.) 620 739
P/BV 5.21 4.38
PE 50.66 31.53
From the Market
52 Week Low / High (₹) 263.80 / 498.00
All Time Low / High (₹) 3.02 / 498.00
Market Cap (₹ Cr.) 3,299
Equity (₹ Cr.) 13.6
Face Value (₹) 2
Industry PE 46.3

Management X-Ray of Lumax Auto Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Lumax Auto Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4775245624815961,1299429031,1961,322
Operating Expenses 4454895274575521,0348748371,1081,214
Manufacturing Costs3338434149858980111145
Material Costs361389409340410786645631835886
Employee Cost 37435052571059696118135
Other Costs 13192524375844304449
Operating Profit 323535244495686688107
Operating Profit Margin (%) 6.6%6.6%6.2%4.9%7.4%8.4%7.3%7.3%7.4%8.1%
Other Income 2284152337222134
Interest 35443577711
Depreciation 8101213132427252731
Exceptional Items 0240-3-2000-2-9
Profit Before Tax 2345278419071567490
Tax 71372113011141916
Profit After Tax 1532205296060425574
PAT Margin (%) 3.2%6.1%3.5%1.1%4.9%5.3%6.3%4.7%4.6%5.6%
Adjusted EPS (₹)2.24.72.90.84.38.78.76.28.010.8
Dividend Payout Ratio (%)54%30%33%119%47%34%34%49%44%42%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 103124137195258446414488483583
Share Capital 14141414141414141414
Reserves 90110123181245432401474470569
Minority Interest0000000000
Debt39282021050653595257
Long Term Debt392613100000123
Short Term Debt02620050653595134
Trade Payables1038210788188189123162177163
Others Liabilities 51444250617789106132127
Total Liabilities 2952783053545087636917918881,130

Fixed Assets

Gross Block147154166185216353397417458503
Accumulated Depreciation3141506375148171193221235
Net Fixed Assets115113116122140205226223237268
CWIP 1036321592
Investments 26282988131191142219200470
Inventories23293126433340456350
Trade Receivables92759688167227165180208199
Cash Equivalents 101091383876648658
Others Assets28222211176741548583
Total Assets 2952783053545087636917918881,130

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 54272819515245815188
PBT 2345278419071567490
Adjustment 11-9101671921181811
Changes in Working Capital 261-1-214-27-3320-214
Tax Paid -6-10-8-3-11-29-13-13-21-17
Cash Flow From Investing Activity -500-10-18-14-845-64-72-220
Capex -51-22-16-12-22-3615-20-32-41
Net Investments 0220-70-16-13-45-433
Others 10619-32312-181
Cash Flow From Financing Activity 2-27-214-4231-33-4627130
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-13-12-13-130000130
Interest Paid -3-5-4-4-3-3-7-7-7-10
Dividend Paid -8-10-80-6-14-40-7-20-24
Others 140420-204815-325434
Net Cash Flow 50-25-4017-305-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.9528.22153.2512.8916.9213.849.3311.2913.79
ROCE (%)18.5931.2318.745.5617.7124.9415.9912.5514.6114.28
Asset Turnover Ratio1.931.972.091.581.411.781.31.241.451.34
PAT to CFO Conversion(x)3.60.841.43.81.760.870.751.930.931.19
Working Capital Days
Receivable Days62545164766476685855
Inventory Days14171820211214171615
Payable Days8987851051238888827470

Lumax Auto Technologies Ltd Stock News

Lumax Auto Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lumax Auto Tech on 28-Mar-2024 16:01 is ₹482.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Lumax Auto Tech stood at ₹3,299.2.
The latest P/E ratio of Lumax Auto Tech as of 28-Mar-2024 16:01 is 50.66.
The latest P/B ratio of Lumax Auto Tech as of 28-Mar-2024 16:01 is 5.21.
The 52-week high of Lumax Auto Tech is ₹498.0 and the 52-week low is ₹263.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lumax Auto Tech is ₹1,283 ( Cr.) .

About Lumax Auto Technologies Ltd

Founded in the year 1981, Lumax Auto Technologies (LATL) is a part of the D.K. Jain Group of companies that has carved its strong position in automotive parts like sheet metal parts, fabricated assemblies, tubular parts for two wheeler and three wheeler industry. Under the aegis of Mr. D K Jain, today Lumax Technologies has captured sizable market in its arena with an annual turnover of over Rs. 450 Crores ($ 110 Million) including its subsidiaries.

Lumax Technologies is a publicly traded company in India. The shareholding pattern depicts a holding of 60% by Indian Promoters, and 40% is held by public, comprised of over 15,000 shareholders.

The company is serving its customers from six modern manufacturing plants in India. Of these, Three are located in Pune, Three plants in Aurangabad, and an R&D centre in Pune. All these facilities are strategically located in the Automotive industrial belt in the State of Maharashtra in West of India. Our product line includes Two wheeler chassis, Exhaust systems & Mufflers, Fork & Handle bar assemblies, Petrol tanks, among numerous others.

Its advanced process engineering, manufacturing and testing facilities include :

  •  A well-equipped tool development setup. 
  •  Robotic welding lines and SPMs.
  •  Paint shops for internal heat resistance painting, powder coating and external painting. 
  •  Excellent capability for maintenance of jigs & fixtures 

Lumax Technologies is an ISO certified company - focus on customer satisfaction and quality leadership and are committed to achieve excellence in quality of our products and services. The dynamic management core at Lumax Technologies, through their insightfully crafted growth strategy is very keen on building a powerful bond with a wider client base in India, & would be delighted to serve you in their journey towards excellence.

Product range of the company includes:

  • Chasis- For motorcycles & scooterette
  • Exhaust system- For scooter & scooterette
  • Petrol tanks- For scooter & scooterette
  • Gear shift lever
  • Sheet metal & Tubular Welded Parts- For handle bar Assey,Side Stand,Main stand,Footrest Assey,Fork Assey, Number Plate.
  • Parking Brake

Milestones:

  • 1981 -A Private Limited Company was established in the name of Lumax Auto Electricals Pvt. Ltd. to manufacture and supply Automotive components at Bhosari. 
  • 1988 -Second Unit was started at Waluj, Aurangabad for supplying auto parts to Bajaj Auto Ltd. - Aurangabad.
  • 1988 -Name changed from Lumax Auto Electricals Private Limited to Dhanesh Auto Electricals Private Limited.
  • 1993 -R & D centre established at Chinchwad, Pune to cater to the development requirement for the new business.
  • 1995 -Third Unit started at Chakan, Pune for further major diversification for manufacturing of exhaust systems and fuel tanks for two wheelers.
  • 1997 - Fourth Unit started at Waluj, Aurangabad for the production of motorcycle chassis for Bajaj Auto Limited.
  • 1998 - Company became deemed Public Limited and name changed to Dhanesh Auto Electricals Limited.
  • 2000 -Bajaj Auto Limited selected the company as a cluster member for T.P.M. Activities.
  • 2002 - Started Lighting Division at Chakan.
  • 2004 - Received ISO Certificate for Chakan Unit.
  • 2005 - Received ISO Certificate for Bhosari Unit.
  • 2006 -LDK became our 100% subsidiary.Name of the Company was changed to LATL.
  • 2007 - Started PCMA, Bhosari, Pune Plant 

Achievements/ recognition:

  • LATL is an ISO 9001 : 2000 Company.

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