Lumax Industries Ltd.
Snapshot View

904.30 +11.90 ▲1.3%

18 May 2022, 04:01:00 PM
Volume: 118

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.lumaxindustries.com
Market Cap 842.60 Cr.
Enterprise Value(EV) 1,222.00 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 37.34 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 24.22 Trailing Twelve Months Ending 2021-12
Industry PE 41.14 Trailing Twelve Months Ending 2021-12
Book Value / Share 496.60 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.82 Calculated using Price: 904.30
Dividend Yield 0.78 Period Ending 2021-03
No. of Shares Subscribed 0.93 Cr. 9,347,732 Shares
FaceValue 10
Company Profile

Lumax Industries Ltd. was incorporated in 1945, promoted by S C Jain has grown from success to success since its foundation. The company went public in the year 1984 , and thus in the same year embarked on its highly successful technical collaboration with Stanley, Japan .Ten years of highly rewarding partnership resulted in Stanley picking up financial stake in Lumax in the year 1994 .

Lumax signifies ‘LUMINOSITY MAXIMA’ for today’s demanding automobile users. It has taken automotive lighting to an entirely new level. Today Lumax accounts for over 60% market share in the Indian automobile lighting business, catalyzed by its over two decades strong technical and financial collaboration with Stanley Electric Company Ltd, Japan, a world leader in vehicle lighting and illumination products for automobiles.

As the most experienced automotive lighting solutions company in South Asia, Lumax , enjoys a history of more than half a century of innovation, technology, manufacturing and market leadership. Today, Lumax Industries Limited is a full-capability provider of high quality automotive lighting solutions for four wheelers and two wheeler applications, serving automobile manufacturing in India as-well-as worldwide.

Lumax strives for continual improvement of manufacturing processes with emphasis on consistent quality and cost effectiveness. Lumax has come a long way since its inception as a trading company in the year 1945, under the aegis of its founder S.C. Jain .

Lumax became an ISO 9002 certified company in 1995 , attained its QS 9000 certification in the year 1998 and achieved the ISO/TS 16949 : 2002 and ISO 14001 in 2003. In the same year Lumax Industries Ltd de-merged from its Mirror and Filter Division , there-by focusing on its core competency of producing stellar automotive lighting products.

Lumax has seven ultra modern manufacturing plants in India. Of these, two are located in cities of Gurgaon , Dharuhera in the state of Haryana, near New Delhi and three plants in Pune, near Mumbai in Maharashtra and one plant near Chennai . These facilities have been laid out to match world's best plant engineering standards, their  plants are busy producing automotive lighting products in large quantities to customer's exacting standards.

Lumax has a futuristic vision with an experienced and customer focused management team. Lumax facilities are manned by over a 2000 highly skilled and specialized personnel composed of associates, executives and managers. Lumax is listed on major stock exchanges in India and depicts a shareholding holding of 26% by Indian promoters, and 46% by public and corporate bodies . 

Product range of the company includes:

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality Head Lamps and Tail Lamps, Sundry and Auxiliary Lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.

Clients

The company is having a highly diversified customer base its clientele includes global as well as domestic automotive majors like, John Deere, Nissan, TruckLite, Vignal, Maruti Suzuki, Hero Honda, Tata, Bajaj, Ford, Volvo Fiat and many more.

Technical Alliance:

  • Lumax, Japan
  • Valeo lighting Systems, France
  • Truck Lite, Europe

Milestones:

  • 1945    S.C. Jain , Chairman, establishes a trading concern.  
  • 1956-66  Manufacturing units set up for automotive lighting equipment and other components.
  • 1975  Manufacturing unit set up for automotive filters .
  • 1977-79 Manufacturing units became functional at Faridabad-Haryana and Pune-Maharashtra.
  • 1984 Private ltd. xompany to public limited company . Technical assistance agreement with a Japan based company for lighting equipment. 
  • 1985-87  Dedicated manufacturing unit for Maruti-Suzuki at Gurgaon - Haryana.  
  • 1990  Manufacturing unit for auto bulbs with assistance a Japanese company. 
  • 1994  Financial participation of collaborator with a Japanese firm . Manufacturing unit at Aurangabad-Maharashtra .  
  • 1995   ISO 9002 Certification to Gurgaon unit by TUV Germany . 
  • 1998  QS-9000 Certification to Gurgaon unit by DNV Netherlands . Production begins at Lumax Dharuhera .
  • 1999  QS-9000 Certification to Dharuhera unit by DNV Netherlands .  
  • 2003  ISO/TS 16949 : 2002 Certification for GURGAON and Dharuhera plants by DNV, USA . 
  • 2004 ISO 14001 Certification for Gurgaon, Dharuhera and Chennai plants by DNV . De-merger - Core Lighting Technology. 
  • 2005  Manufacturing unit became functional at Chakan (Near Pune)
  • 2006  Plant set up in Bajaj Auto Vendor Park- at Pantnagar - Uttranchal
  •  2007 Setting up of state of art new plants at Pantnagar-Uttranchal, Singur-West Bengal and Haridwar-Uttranchal.Extension of Dharuhera and Chakan II Plant.
  • 2010 The Company has commenced commercial production Greenfield Plant in Haridwar, (Uttarakhand) for manufacturing of Lighting Components.
    Setup a new Plant in Haridwar, Uttarakhand for Hero Honda.
  • 2011 Setup new Plants in Bawal, Sanand and Bidadi.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.33%
1 Week
+1.64%
1 Month
-9.45%
3 Month
-17.97%
6 Month
-38.95%
1 Year
-43.22%
2 Year
-3.74%
5 Year
-38.04%
10 Year
+152.92%
6 years 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 14.15 15.39 17.27 23.74 13.57 3.66
Return on Capital Employed (%) 14.06 16.60 21.23 27.17 15.25 7.96
Return on Assets (%) 4.30 4.95 5.33 7.49 4.54 1.20

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 268 309 362 435 446 460 460
Non Curr. Liab. 62 67 56 116 179 101 170
Curr. Liab. 529 535 847 711 745 836 847
Minority Int.
Equity & Liab. 859 911 1,265 1,262 1,370 1,397 1,478
Non Curr. Assets 526 563 674 798 927 852 901
Curr. Assets 332 348 590 465 442 546 577
Misc. Exp. not W/O
Total Assets 859 911 1,265 1,262 1,370 1,397 1,478

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 1,255 1,271 1,649 1,851 1,602 1,426 1,706
Other Income 4 6 5 12 7 25 26
Total Income 1,259 1,277 1,655 1,863 1,609 1,451 1,732
Total Expenditure -1,167 -1,170 -1,515 -1,698 -1,443 -1,326 -1,579
PBIDT 92 107 140 165 166 125 153
Interest -13 -11 -8 -16 -23 -29 -22
Depreciation -38 -41 -48 -60 -64 -65 -64
Taxation -4 -10 -26 -30 -20 -15 -24
Exceptional Items 36 -10
PAT 37 44 58 95 60 17 32
Minority Interest
Share Associate 15 11 13 9 12 2 3
Other Related Items
Consolidated Net Profit 52 54 71 104 72 18 35
Adjusted EPS 56 58 76 111 77 19 37

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 81 100 140 104 103 76
Cash Fr. Inv. -37 -62 -128 -97 -194 -31
Cash Fr. Finan. -59 -39 -11 -6 96 -51
Net Change -15 -2 1 1 6 -5
Cash & Cash Eqvt 3 1 1 2 8 3

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Public 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 14 May 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Information regarding issuance of Letter(s) of Confirmation to shareholders
Mon, 09 May 2022
Update on board meeting
The Board Meeting to be held on 13/05/2022 has been revised to 24/05/2022 The Board Meeting to be held on 13/05/2022 has been revised to 24/05/2022
Mon, 09 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation regarding postponement of Earnings call from Tuesday May 17 2022 to Wednesday May 25 2022.

Technical Scans View Details

Wed, 18 May 2022
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
High Decrease 1 Month High Decrease 1 Month
High Decrease 3 Months High Decrease 3 Months
High Decrease 6 Months High Decrease 6 Months

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