SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Lumax Auto Technologies Ltd (LUMAXTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532796 NSE: LUMAXTECH Auto Ancillary | Small Cap | Lumax Auto Tech Share Price

₹1,646 -27.70 (-1.66%)

As on 19-Jun'26 16:59

Lumax Auto Technologies Ltd (LUMAXTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532796 NSE: LUMAXTECH Auto Ancillary | Small Cap | Lumax Auto Tech Share Price

₹1,646 -27.70 (-1.66%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹11,219 Cr.
Current Price
₹1,646
52-Week Low / High
₹955 / 1,899
TTM EPS
₹30.4
TTM Sales
₹3,605 Cr.
Book Value per Share
₹152
P/E Ratio
54.23
Higher than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
10.83
Higher than its 5-year historical median
Price to Sales (P/S)
3.11
Higher than its 5-year historical median
EV/EBITDA
24.09
Higher than its 5-year historical median
Dividend Yield
0.33%
Profitability Efficiency
Return on Equity (ROE)
10.65%
Underperforms industry median
Return on Capital Employed (ROCE)
12.24%
Underperforms industry median
Return on Assets (ROA)
5.28%
Operating Profit Margin
8.5%
Net Profit Margin
5.01%
Gross Profit Margin
8.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.55%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.72%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.2%
Asset Quality
Promoter Holding
55.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,023 Cr.
Equity
₹13.6 Cr.
Face Value
₹2
All Time Low / High
₹3.02 / 1898.65

Lumax Auto Technologies stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Lumax Auto Technologies Ltd a good quality company?
Lumax Auto Technologies Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Lumax Auto Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Lumax Auto Technologies Ltd vs industry peers?
Lumax Auto Technologies Ltd revenue CAGR is 9.38%, compared to the industry median CAGR of 11.89%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Lumax Auto Technologies Ltd?
Promoters hold 55.98% of the Lumax Auto Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Lumax Auto Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 38.2% based on the current price.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.7%5.6%12.5%19.8%14.1%12.6%14.6%14.3%15.3%12.2%-
Value Creation
Index
0.3-0.6-0.10.40-0.10.00.00.1-0.1-

Growth Parameters

Sales 5624814989589429031,1961,3221,3351,4753,605
Sales YoY Gr.--14.5%3.5%92.5%-1.6%-4.2%32.5%10.5%1%10.6%-
Adj EPS 2.81.13.26.97.668.211.313.510.330.4
YoY Gr.--60.9%191%112.4%10.1%-21.2%37.5%38.5%19.2%-23.9%-
BVPS (₹) 20.128.637.965.460.871.670.985.598.8104.9152
Adj Net
Profit
19.47.62246.851.440.655.877.29270207
Cash Flow from Ops. 2818.751.252.24580.950.68852.6111-
Debt/CF from Ops. 1.21.8011.50.41.92.973.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.3%9.4%7.2%10.6%
Adj EPS 15.4%6.4%7.9%-23.9%
BVPS20.2%11.5%14%6.1%
Share Price 37.6% 61.1% 67.2% 52.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.94.69.713.312911.514.514.610.123.6
Op. Profit
Mgn %
6.24.96.27.77.37.37.48.18.58.510
Net Profit
Mgn %
3.51.64.44.95.54.54.75.86.94.75.7
Debt to
Equity
0.20.200.10.20.10.20.40.60.50.2
Working Cap
Days
8296126971021039288949756
Cash Conv.
Cycle
34610242318192221-14

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5624814989589429031,1961,3221,3351,475
Operating Expenses + 5274574678848748371,1081,2141,2211,350
Manufacturing Costs474149858980111145124137
Material Costs405340343663645631835886894983
Employee Cost 505250979696118135153170
Other Costs 25242538443044494960
Operating Profit 35243174686688107114125
Operating Profit Margin (%) 6.2%4.9%6.1%7.7%7.3%7.3%7.4%8.1%8.5%8.5%
Other Income + 841523272221346340
Exceptional Items 0-3-2000-2-900
Interest 4423777113036
Depreciation 12131222272527313334
Profit Before Tax 27828726156749011495
Tax 72825101419162121
Profit After Tax 2052047514255749374
PAT Margin (%) 3.5%1.1%4.1%4.9%5.4%4.7%4.6%5.6%6.9%5.0%
Adjusted EPS (₹)2.90.83.06.97.56.28.010.813.610.9
Dividend Payout Ratio (%)32.80%118.90%66.80%43.60%39.90%48.60%43.50%41.70%40.50%50.70%

Valuation of Lumax Auto Tech - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 137195258446414488483583674715
Share Capital 14141414141414141414
Reserves 123181245432401474470569660701
Debt +2021050653595257341355
Long Term Debt1310000012310075
Short Term Debt620050653595134241280
Minority Interest0000000000
Trade Payables10788188189123162177163183203
Others Liabilities 4250617789106132127163165
Total Liabilities 3053545087636917918881,1301,3601,439

Fixed Assets

Net Fixed Assets +116122140205226223237268254278
Gross Block166185216353397417458503515567
Accumulated Depreciation506375148171193221235262289
CWIP 36321592321
Investments 2988131172124202200470684706
Inventories31264333404563506268
Trade Receivables9688167227165180208199246240
Cash Equivalents 91383876648658133
Others Assets 221117855972858399123
Total Assets 3053545087636917918881,1301,3601,439

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 281951524581518853111
PBT 27841907156749011495
Adjustment 101671921181811536
Changes in Working Capital -1-214-27-3320-214-531
Tax Paid -8-3-11-29-13-13-21-17-14-21
Cash Flow From Investing Activity + -10-18-14-845-64-72-220-93-55
Capex -16-12-22-3615-20-32-41-18-66
Net Investments -0-7-0-16-13-45-433-1952
Others 619-32312-181-57-42
Cash Flow From Financing Activity + -214-4231-33-462713044-63
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -12-13-13-0-0-001302-25
Interest Paid -4-4-3-3-7-7-7-10-30-34
Dividend Paid -80-6-14-34-7-20-24-31-37
Others 420-20489-32543410234
Net Cash Flow -25-4-017-305-23-7

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)153.25913.3211.929.3311.2913.7914.7510.65
ROCE (%)18.745.5612.5419.7514.0512.5514.6114.2815.3112.24
Asset Turnover Ratio2.091.581.181.511.31.241.451.341.11.08
PAT to CFO Conversion(x)1.43.82.551.110.881.930.931.190.571.5
Working Capital Days
Receivable Days51.3064.2091.5075.1075.9068.20585559.4058.60
Inventory Days1820.102514.401416.8016.1015.301515.70
Payable Days85.40104.80147103.7088.1082.30747070.6071.70

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Lumax Auto Technologies Ltd FAQs

The current trading price of Lumax Auto Tech on 19-Jun-2026 16:59 is ₹1,646.

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 18-Jun-2026 the market cap of Lumax Auto Tech stood at ₹11,218.8 Cr

The latest P/E ratio of Lumax Auto Tech as of 18-Jun-2026 is 54.23.

The latest P/B ratio of Lumax Auto Tech as of 18-Jun-2026 is 10.83.

The 52-week high of Lumax Auto Tech is ₹1,898.7 and the 52-week low is ₹955.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lumax Auto Tech is ₹3,605 ( Cr.) .

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

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.

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.

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.

You have 0 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: