MarketFriction

Lumax Industries Ltd

NSE LUMAXIND · BSE 517206 · Auto Components & Equipments
₹5,550.00 -0.33%
NSE close2026-10-01
52 week range4,480.00 - 6,934.50
Market cap₹5,322 Cr.
P/E26.5
Microcap 250 Price band 20% Delivery 47.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6446327437668128879239231,0091,0531,2001,223
Expenses5895736777087528178448419209421,0761,114
Operating Profit555866586070798289111124110
OPM %9%9%9%8%7%8%9%9%9%11%10%9%
Other Income15132831221825161411115
Interest111315161919181819191818
Depreciation212427262627333237384542
Profit before tax383552463742534847557264
Tax %31%27%31%26%23%19%18%25%24%15%25%20%
Net Profit262636342833443636475451
EPS in Rs28.0827.3738.5936.5730.2535.8247.0438.7238.1349.8057.8854.64
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2521,2711,6491,8511,6021,4261,7512,3202,6373,4004,1844,485
Expenses1,1641,1701,5151,6981,4431,3261,6162,1122,4053,1203,7784,052
Operating Profit89101135154158100135208231280406433
OPM %7%8%8%8%10%7%8%9%9%8%10%10%
Other Income4171957192735170844341
Interest13118162229223049737574
Depreciation384148606465648093113152162
Profit before tax416598134923353149159178223238
Tax %10%16%27%23%22%45%23%31%30%21%22%
Net Profit525471104721841103111140172187
EPS in Rs55.6658.1676.34111.0376.9219.4243.56110.27118.77149.67184.51200.45
Dividend Payout %22%25%30%32%31%36%31%24%29%23%30%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%24%22%27%
Compounded Profit Growth14%62%21%42%
Stock Price CAGR21%32%34%15%
Return on Equity17%19%20%22%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital99999999999
Reserves259300353426437451482574662765908
Borrowings12792104140347338401431723888973
Other Liabilities4634787516154905646548521,2071,1991,544
Total Liabilities8598801,2171,1901,2831,3621,5461,8662,6012,8613,435
Fixed Assets4084195185496536277117499681,1061,434
CWIP1720345032474843178212105
Investments697988819092102147179246278
Other Assets3653625775105085966859271,2761,2971,619
Total Assets8598801,2171,1901,2831,3621,5461,8662,6012,8613,435
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8110014010410376108108133212373
Cash from Investing Activity-37-62-128-97-194-31-129-90-245-293-265
Cash from Financing Activity-59-39-11-696-5134-2613759-92
Net Cash Flow-15-2116-513-824-2216
Free Cash Flow43378-8-6314-2119-124-11086
CFO/OP101%110%117%89%75%72%87%64%64%81%103%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5355704439554848485055
Inventory Days45525761759491961299290
Days Payable135146180114131159163141154147145
Cash Conversion Cycle-36-39-53-9-17-9-24322-60
Working Capital Days-58-54-57-49-78-75-60-38-49-44-45
ROCE %19%24%22%17%8%11%19%17%16%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs1.15%1.12%1.09%1.17%1.18%0.92%0.97%1.18%1.13%1.38%1.63%1.36%
DIIs1.27%1.42%1.46%1.57%3.56%4.94%5.63%5.75%5.98%5.71%6.07%6.70%
Public22.57%22.45%22.44%22.25%20.27%19.13%18.39%18.07%17.89%17.91%17.30%16.94%
No. of Shareholders19,74219,39519,32919,99918,88418,81418,66019,62321,48622,37123,69024,495

Fundamentals

Market Cap₹ 5,322 Cr.
Current Price₹ 5,692
Stock P/E26.5
Book Value₹ 982
ROCE17.7 %
ROE22.0 %
Dividend Yield0.97 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)42%
Consolidated figures.
Valuation
Market capRs 5,188 Cr
Enterprise valueRs 6,135 Cr
P/E (TTM)27.69x
Price to book5.65x
Price to sales1.16x
EV / EBITDA12.93x
EV / EBIT19.65x
EV / sales1.37x
Price to cash flow13.93x
Earnings yield3.61%
Dividend yield0.99%
P/E, 3-year average20.82x
P/B, 3-year average3.72x
P/E, 5-year average19.77x
P/B, 5-year average3.14x
Profitability
Operating margin (excl. other income)9.70%
Operating margin (incl. other income)10.73%
EBITDA margin10.58%
Pre-tax margin5.31%
Net profit margin4.18%
Net margin, latest quarter4.18%
ROE20.39%
ROCE16.74%
ROA5.48%
ROE, 3-year average19.14%
ROCE, 3-year average16.80%
ROA, 3-year average5.19%
ROE, 5-year average17.03%
ROCE, 5-year average15.60%
ROA, 5-year average4.88%
ROIC (approx.)12.98%
Tax rate22.49%
Other income / net worth4.70%
Growth
Sales growth (latest year)23.05%
Profit growth (latest year)23.27%
Sales CAGR, 3 years21.73%
Sales CAGR, 5 years24.02%
Profit CAGR, 3 years18.72%
Profit CAGR, 5 years56.88%
Sales growth QoQ1.91%
Profit growth QoQ-5.58%
Sales growth YoY (latest quarter)32.60%
Profit growth YoY (latest quarter)41.14%
Per share
EPS (TTM)Rs 200.44
EPS (latest year)Rs 184.50
EPS (latest quarter)Rs 54.64
EPS, 3-year averageRs 150.98
EPS, 5-year averageRs 121.36
Book value per shareRs 981.53
Sales per shareRs 4,797.82
Cash flow per shareRs 398.56
Free cash flow per shareRs 92.00
Dividend per share (latest year)Rs 55.01
Dividend per share, 3-year averageRs 41.67
Dividend per share, 5-year averageRs 33.10
Dividends
Dividend payout29.81%
Dividend payout, 3-year average27.56%
Dividend payout, 5-year average27.63%
Efficiency
Asset turnover1.22x
Fixed asset turnover2.92x
Inventory turnover4.78x
Inventory days76 days
Debtor days55 days
Debtors turnover6.64x
Creditor days145 days
Cash conversion cycle0 days
Working capital days-45 days
Leverage
Total debtRs 973 Cr
Cash and bankRs 26 Cr
Net debtRs 947 Cr
Debt to equity1.06x
Net debt / EBITDA2.00x
Interest coverage4.22x
Current ratio (filing 2026-03-31)0.76x
Quick ratio (filing 2026-03-31)0.45x
Trade payables (filing 2026-03-31)Rs 1,035 Cr
Owners' fund to total sources26.71%
Debt to assets28.33%
Cash flow
Cash from Operating Activity (latest year)Rs 373 Cr
Cash from Investing Activity (latest year)Rs -265 Cr
Cash from Financing Activity (latest year)Rs -92 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs 86 Cr
FCFE (approx.: FCF + change in debt)Rs 171 Cr
Cash from ops / profit, 5 years1.65x
Sales to cash flow11.23x
Statement figures
Net sales (TTM)Rs 4,485 Cr
Net sales (latest year)Rs 4,184 Cr
Sales (latest quarter)Rs 1,223 Cr
Operating profit excl. other income (latest year)Rs 406 Cr
Operating profit (latest quarter)Rs 110 Cr
Other income (TTM)Rs 41 Cr
EBITDA (TTM)Rs 474 Cr
PBDT (TTM)Rs 400 Cr
Profit before tax (TTM)Rs 238 Cr
Tax (latest year)Rs 50 Cr
Net profit (TTM)Rs 187 Cr
Net profit (latest year)Rs 172 Cr
Net profit (latest quarter)Rs 51 Cr
Depreciation (TTM)Rs 162 Cr
Depreciation (latest quarter)Rs 42 Cr
Interest (TTM)Rs 74 Cr
Cost of goods sold (latest year)Rs 3,074 Cr
Total expenditure (latest year)Rs 3,778 Cr
Total income (latest year)Rs 4,227 Cr
Share capitalRs 9 Cr
ReservesRs 908 Cr
Shareholders' fundsRs 918 Cr
Total assetsRs 3,435 Cr
Net blockRs 1,434 Cr
Capital work in progressRs 105 Cr
InvestmentsRs 278 Cr
ReceivablesRs 630 Cr
InventoryRs 643 Cr
Other liabilitiesRs 1,544 Cr
Shares outstanding (crore)0.93
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 27.7 is at the 59th percentile of its own 9.4-year range (median 24.2, low 7.8, high 78.4).
P/B 5.65 is at the 85th percentile (median 3.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodLUMAXINDNifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-13.6%-6.8% -6.8 pts
3 months+3.9%-7.6% +11.6 pts
6 months+19.3%+0.4% +18.8 pts
1 year+16.4%-9.9% +26.3 pts
2 years+99.5%-13.6% +113.1 pts
3 years+132.4%+14.2% +118.2 pts
5 years+284.7%+27.9% +256.8 pts
8 mutual fund schemes hold about ₹399 Cr. Over three months 7 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.90%378 +18%
Quantum Small Cap Fund2.46%6 +4%
HDFC Children's Fund(Lock in)0.05%5 +100%
Navi Flexi Cap Fund(Q1.68%5 +7%
Navi Large & Midcap Fund0.79%2 +12%
Navi Aggressive Hybrid Fund1.21%1 +10%
HDFC Retirement Fund-Hybrid-Debt Plan0.43%1 +100%
Motilal Oswal BSE 1000 Index Fund0.01%0 +100%

Red flags

F-score 8 of 8
lookAuditor change Auditor change 2026-05-28: Lumax Industries Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,223 Cr +32.5% vs Jun 2025. Net profit ₹51 Cr +41.7%.
Against our estimate for Jun 2026: sales +6.5%, profit +6.2% beat. Our estimate for Sep 2026: sales Rs 1,324 Cr, profit Rs 57 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-06Dividend - Rs 55 Per Share
2025-08-07Dividend - Rs 35 Per Share
2024-09-09Dividend - Rs 35 Per Share
2024-09-09Annual General Meeting
2023-08-10Annual General Meeting/Dividend - Rs 27 Per Share
2022-07-08Annual General Meeting/Dividend - Rs 13.5 Per Share
2021-08-20 Annual General Meeting/Dividend - Rs 7 Per Share
2020-08-20 Annual General Meeting/Dividend - Rs 6 Per Share
2020-03-24 Interim Dividend - Rs 17.50 Per Share
2019-08-14 Annual General Meeting/Dividend - Rs 35 Per Share
2018-07-09 Dividend- Rs 23 Per Share
2017-07-13 Annual General Meeting/Dividend - Rs 14.50 Per Share
2016-07-28 Annual General Meeting
2016-03-17 Interim Dividend - Rs 12/- Per Share (Purpose Revised)
2015-08-10Annual Gereral Meeting/Dividend - Rs 5.50/- Per Share
2014-08-13Annual General Meeting/Dividend - Rs.3.50/-Per Share
2013-07-25Annual General Meeting / Dividend - Rs.4.50/- Per Equity Share
2012-07-26Annual General Meetinh/Dividend Rs 6 Per Share
2011-07-28Annual General Meeting And Dividend Rs.6/- Per Share
2010-07-08Dividend-Rs.3/- Per Share
2009-08-06Agm/Div-Re.1/- Per Share
2008-08-21Agm/Dividend - 40%
2007-07-12Agm/Dividend-45%
2006-08-24Agm/Dividend-35%
DateTypeWhat it says
2026-08-26Shareholder meetingSubmission of Voting Results as per Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regu...
2026-08-26Shareholder meetingProceedings of Annual General Meeting held on August 26, 2026
2026-08-18Concall / analyst meetTranscript of Analysts/Investor Earnings Conference Call- Q1 2026-27.
2026-08-08Press ReleaseA press release dated August 08, 2026, titled "Investor Release of Financial Results for the 1st Quarter ended June 30, 2026.".
2026-08-08Investor PresentationInvestor Presentation
2026-08-08Board meeting outcomeLumax Industries Limited has submitted to the Exchange the outcome of the Board meeting held on August 08, 2026 including Un-audited Standalone and Co...
2026-08-01General UpdatesDispatch of letter to shareholders whose e-mail addresses are not registered with Company/Registrar & Transfer Agent/Depositories.
2026-08-01Shareholder meetingNotice of 45th Annual General Meeting of Lumax Industries Limited
2026-07-29Record DateRecord date for the purpose of Dividend is 06-Aug-2026.
2026-07-29UpdatesIntimation for Schedule of Annual General Meeting (AGM) and Record date for Dividend
2026-07-20Change in ManagementThe Board of Directors of the Company through Circular Resolution today i.e. July 20, 2026, have considered and approved the cessation of Mr. Norihisa...
2026-07-20Change in ManagementThe Board of Directors of the Company through Circular Resolution have, today i.e. July 20, 2026, approved the proposal to designate Mr. Suva Ranjan ...
2026-07-20Change in ManagementThe Board of Directors of the Company through Circular Resolution have, today i.e. July 20, 2026, approved the proposal to designate Mr. Suveer Sheop...
2026-07-20Change in ManagementThe Board of Directors of the Company through Circular Resolution have, today i.e. July 20, 2026, approved the proposal to designate Mr. Pramod Saini...
2026-07-20Change in ManagementThe Board of Directors of the Company through Circular Resolution have, today i.e. July 20, 2026, approved the proposal to designate Mr. C S Singh, Ch...
2026-07-17General UpdatesCommunication to Shareholders - Intimation regarding Tax Deduction at Source on Dividend
2026-07-16Revised Record dateThe cut off date has been revised to 20-Aug-2026 for the purpose of for purpose of determining the shareholders eligible to vote on the resolution(s) ...
2026-07-16General UpdatesIntimation for change in the date of 45th Annual General Meeting and cut-off date for the purpose of determining the shareholders entitled to attend a...
2026-06-20General UpdatesIntimation to Shareholders for Transfer of Unpaid/Unclaimed Dividend for the Financial Year 2018- 19 and the underlying Equity Shares to Investor Educ...
2026-06-19Disclosure under SEBI TakeovStanley Electric Co.,Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-06-12Disclosure under SEBI TakeovAnmol Jain has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquis...
2026-06-05Concall / analyst meetTranscript
2026-06-01Concall / analyst meetAbout
2026-05-28Press ReleaseInvestor Release of Financial Results for the 4th Quarter and year ended March 31, 2026
2026-05-28Investor PresentationInvestor Presentation
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Lumax Industries Ltd?

Lumax Industries Ltd (LUMAXIND) has a market capitalisation of Rs 5,322 Cr. at the 2026-10-01 close.

What is the P/E ratio of Lumax Industries Ltd?

Lumax Industries Ltd trades at a P/E of 26.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Lumax Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Lumax Industries Ltd sales was Rs 1,223 Cr (+32.5% vs Jun 2025) and net profit was Rs 51 Cr.

What is the 52-week high and low of Lumax Industries Ltd?

The 52-week high is Rs 6,934.50 and the 52-week low is Rs 4,480.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03