Lumax Auto Technologies Ltd Stock Analysis

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

BSE Share Price Aug 12, 18:03
231.55 1.05 (0.46%)

DeciZen - Make an Informed Decision on Lumax Auto Tech

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Lumax Auto Tech Price Chart

P/E Ratio (SA) :
21.50
Market Cap :
1,578.2 Cr.
52-wk low :
128.1
52-wk high :
263.5
Bole Toh?

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Lumax Auto Technologies Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 21.4%11.9%12.1%13.4%5%13.4%16.6%13.3%9.1%11.8%-
Value Creation Index 0.5-0.2-0.1-0.1-0.6-0.00.2-0.1-0.4NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4334775245624815961,1299429031,1571,252
YoY Gr. Rt. %-10.1%10%7.2%-14.5%24%89.5%-16.5%-4.2%28.1%-
Adj EPS 3.32.12.32.81.14.58.78.868.810.8
YoY Gr. Rt. %--35.9%10.1%23.5%-60.9%307.2%92.9%0.5%-32.1%48.1%-
BVPS (₹) 14.315.218.220.128.637.965.460.871.671.974.6
Adj Net Profit 22.214.215.719.47.630.859.459.740.660.173
Cash Flow from Ops. 12.753.727.42818.751.252.24580.954.6-
Debt/CF from Ops. 211.51.21.8011.50.41.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.5%19.2%0.8%28.1%
Adj EPS 11.7%51.3%0.3%48.1%
BVPS 19.620.23.20.4
Share Price 23.3% 18.5% 40.4% 48.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 24.314.213.814.94.613.616.913.9912.314.7
Op. Profit Mgn % 8.16.66.76.24.97.48.47.37.37.88.3
Net Profit Mgn % 5.1333.51.65.25.36.34.55.25.9
Debt to Equity 0.30.50.30.20.200.10.20.10.2-
Working Cap Days 909787829610689111104910
Cash Conv. Cycle 105234372423180

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Sales growth is good in last 4 quarters at 23.45%

Sales growth has been subdued in last 3 years 0.82%

Net Profit has been subdued in last 3 years 0.34%

Latest Financials - Lumax Auto Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 10.8 12.9
TTM Sales (₹ Cr.) 1,252 1,669
BVPS (₹.) 74.6 83.6
Reserves (₹ Cr.) 495 556
P/BV 3.10 2.78
PE 21.50 18.02
From the Market
52 Week Low / High (₹) 128.10 / 263.50
All Time Low / High (₹) 3.02 / 263.50
Market Cap (₹ Cr.) 1,578
Equity (₹ Cr.) 13.6
Face Value (₹) 2
Industry PE 40.1

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

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Key Ratios of Lumax Auto Tech

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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