Lumax Auto Tech

₹474.5 19.8 | 4.4%

WEBSITE BSE:532796 NSE : LUMAX TECH 10 May, 16:01

Market Cap ₹3234 Cr.

Stock P/E 30.9

P/B 4.3

Current Price ₹474.5

Book Value ₹ 110.4

Face Value 2

52W High ₹515

Dividend Yield 0.95%

52W Low ₹ 295.7

Edit Ratio

Lumax Auto Tech Research see more...

Overview Inc. Year: 1981Industry: Auto Ancillary

Lumax Auto Technologies Ltd is an automotive business enterprise, that's engaged inside the aftermarket sales of automobile parts. The Company is engaged within the business of dealing and manufacturing of automobile lighting device and automotive additives. The Company's primary products/services comprises automotive lamps, plastic moulded parts, and frame chassis. It manufactures automotive components, such as sheet metal parts, fabricated assemblies and tubular parts, for two wheeler and three wheeler industries. It components its products to original equipment manufacturers (OEMs) in India and internationally. It manufactures various merchandise, which includes head lamp, tail lamp, seat frame and adjustor motor. The Company additionally provides silencers for scooter and scooterette; petrol tanks for scooter and scooterette; sheet metallic and tubular welded elements, which include cope with bar assy, side stand, main stand, footrest assy, fork assy and number plate; gear shift lever; parking brake, and lights parts.

Lumax Auto Tech Share Price

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Peer Comparison

Lumax Auto Tech Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	403	428	417	422	487	445	493	632	700	732
Other Income	3	3	4	4	8	7	5	8	9	10
Total Income	406	430	421	426	495	452	499	640	709	742
Total Expenditure	358	382	372	377	435	398	437	552	610	627
Operating Profit	48	48	49	48	60	54	62	88	99	116
Interest	2	2	3	3	3	3	7	16	16	18
Depreciation	9	10	11	11	12	12	17	29	30	30
Exceptional Income / Expenses	0	0	-2	0	0	0	-9	0	0	0
Profit Before Tax	36	36	33	34	44	39	29	43	53	68
Provision for Tax	10	10	8	8	11	11	6	13	16	21
Profit After Tax	26	26	25	26	34	28	24	30	38	48
Adjustments	-3	-4	-4	-4	-5	-5	-5	-8	-10	-12
Profit After Adjustments	23	22	21	22	29	23	19	22	27	36
Adjusted Earnings Per Share	3.4	3.2	3.1	3.2	4.3	3.4	2.7	3.2	4	5.3

Lumax Auto Tech Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	766	763	837	905	965	1111	1358	1141	1108	1508	1847	2557
Other Income	4	4	4	7	10	15	14	28	18	13	24	32
Total Income	770	767	841	912	976	1127	1373	1169	1126	1521	1871	2590
Total Expenditure	699	702	770	837	893	1010	1227	1050	1010	1356	1647	2226
Operating Profit	71	64	71	75	83	117	145	119	116	164	225	365
Interest	1	4	5	5	4	3	5	10	10	10	17	57
Depreciation	11	18	19	21	23	25	28	35	34	40	52	106
Exceptional Income / Expenses	-0	0	21	0	-3	-2	-6	0	-1	-2	-9	-9
Profit Before Tax	59	43	68	50	53	86	105	74	72	113	147	193
Provision for Tax	18	13	21	15	16	29	36	15	20	31	35	56
Profit After Tax	41	30	47	34	37	58	69	60	51	82	111	140
Adjustments	0	0	-2	-2	-3	-9	-3	-2	-4	-12	-19	-35
Profit After Adjustments	41	30	45	32	34	49	66	58	47	69	93	104
Adjusted Earnings Per Share	6	4.4	6.6	4.7	5.1	7.2	9.7	8.5	6.9	10.2	13.6	15.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	17%	11%	9%
Operating Profit CAGR	37%	24%	14%	12%
PAT CAGR	35%	23%	14%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	57%	51%	34%	36%
ROE Average	18%	15%	14%	15%
ROCE Average	17%	17%	18%	19%

Lumax Auto Tech Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	211	226	259	283	371	451	480	446	531	544	662
Minority's Interest	0	0	4	7	22	30	42	42	40	61	187
Borrowings	26	39	27	15	1	8	8	17	6	10	395
Other Non-Current Liabilities	15	17	19	20	24	27	27	40	39	54	180
Total Current Liabilities	181	192	172	214	206	341	371	316	374	470	756
Total Liabilities	433	473	481	538	624	858	929	860	990	1139	2179
Fixed Assets	163	229	222	229	228	254	289	337	363	396	1016
Other Non-Current Assets	92	50	53	50	131	176	165	117	140	113	178
Total Current Assets	178	194	207	259	266	428	475	406	487	630	985
Total Assets	433	473	481	538	624	858	929	860	990	1139	2179

Lumax Auto Tech Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	39	10	13	17	11	21	22	26	37	17	48
Cash Flow from Operating Activities	53	62	39	49	64	95	56	76	98	87	137
Cash Flow from Investing Activities	-97	-59	-11	-32	-57	-57	-89	-32	-76	-65	-476
Cash Flow from Financing Activities	15	-0	-24	-23	3	-37	37	-33	-43	10	365
Net Cash Inflow / Outflow	-29	3	4	-5	10	1	4	11	-20	32	26
Closing Cash & Cash Equivalent	10	13	17	11	21	22	26	37	17	48	75

Lumax Auto Tech Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	6.03	4.43	6.6	4.66	5.06	7.15	9.67	8.52	6.91	10.18	13.63
CEPS(Rs)	7.61	7.02	9.72	8.07	8.82	12.18	14.32	13.8	12.53	17.81	24.02
DPS(Rs)	1.2	1.2	1.4	0.94	0.94	2	3	3	3	3.5	4.5
Book NAV/Share(Rs)	31	33.15	38.01	41.45	54.5	66.2	70.45	65.46	77.87	79.8	97.07
Core EBITDA Margin(%)	8.24	7.44	7.45	6.99	6.97	8.92	9.66	8	8.72	9.88	10.69
EBIT Margin(%)	7.36	5.74	8.15	5.57	5.47	7.84	8.16	7.39	7.25	7.99	8.71
Pre Tax Margin(%)	7.28	5.27	7.56	5.07	5.1	7.6	7.76	6.53	6.36	7.37	7.82
PAT Margin (%)	5.03	3.71	5.23	3.49	3.57	5.07	5.09	5.22	4.55	5.34	5.94
Cash Profit Margin (%)	6.36	5.88	7.39	5.62	5.78	7.29	7.19	8.24	7.58	7.92	8.72
ROA(%)	10.53	6.67	9.82	6.7	6.39	7.79	7.74	6.66	5.54	7.69	6.72
ROE(%)	20.84	13.82	19.32	12.62	11.36	14.03	14.85	12.86	10.49	15.24	18.49
ROCE(%)	28.33	18.08	25.2	17.53	15.64	20.56	21.91	15.46	14.27	19.26	17.37
Receivable days	56.58	58.47	53.83	57.56	58.25	69.9	74.98	75.23	67.36	58.27	70.72
Inventory Days	11.51	14.22	16.59	19.54	19.88	21.38	18.48	19.83	23.98	23.26	26.52
Payable days	72.33	88.79	83.01	80.25	81.45	98.29	101.54	96.12	89.41	79.08	94.25
PER(x)	4.38	4.89	8.56	13.4	19.51	23.18	14.44	5.86	23.19	16.43	19.69
Price/Book(x)	0.85	0.65	1.49	1.51	1.81	2.5	1.98	0.76	2.06	2.1	2.76
Dividend Yield(%)	4.55	5.54	2.48	1.51	0.95	1.21	2.15	6.01	1.87	2.09	1.68
EV/Net Sales(x)	0.26	0.24	0.49	0.5	0.69	0.99	0.71	0.29	0.96	0.75	1.2
EV/Core EBITDA(x)	2.79	2.89	5.75	5.98	8.05	9.43	6.64	2.79	9.17	6.86	9.9
Net Sales Growth(%)	2.13	-0.46	9.76	8.12	6.66	15.13	22.22	-16.01	-2.89	36.1	22.52
EBIT Growth(%)	-3.65	-22.23	56.5	-25.34	4.19	57.08	24.16	-23.92	-3.2	50.03	33.5
PAT Growth(%)	-19.05	-26.43	55.11	-27.09	8.74	55.37	19.78	-13.86	-13.95	59.76	36.13
EPS Growth(%)	-19.05	-26.43	48.87	-29.38	8.6	41.29	35.17	-11.91	-18.8	47.27	33.81
Debt/Equity(x)	0.13	0.23	0.17	0.13	0.09	0.02	0.15	0.21	0.14	0.23	0.83
Current Ratio(x)	0.99	1.01	1.2	1.21	1.29	1.25	1.28	1.29	1.3	1.34	1.3
Quick Ratio(x)	0.83	0.83	0.93	0.94	1.02	1.03	1.12	1.08	1.08	1.1	1.09
Interest Cover(x)	94.71	12.34	13.8	11.06	14.86	31.74	20.41	8.55	8.13	12.8	9.78
Total Debt/Mcap(x)	0.15	0.35	0.11	0.09	0.05	0.01	0.07	0.28	0.07	0.11	0.3

Lumax Auto Tech Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.98	55.98	55.98	55.98	55.98	55.98	55.98	55.98	55.98	55.98
FII	19.39	19.34	19.53	19.37	19.41	19.02	18.23	17.97	15.89	9.04
DII	5.2	5.28	5.67	5.59	5.6	6.42	6.84	6.75	8.32	14.19
Public	19.42	19.4	18.81	19.06	19.01	18.58	18.95	19.29	19.82	20.79
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82
FII	1.32	1.32	1.33	1.32	1.32	1.3	1.24	1.23	1.08	0.62
DII	0.35	0.36	0.39	0.38	0.38	0.44	0.47	0.46	0.57	0.97
Public	1.32	1.32	1.28	1.3	1.3	1.27	1.29	1.31	1.35	1.42
Others	0	0	0	0	0	0	0	0	0	0
Total	6.82	6.82	6.82	6.82	6.82	6.82	6.82	6.82	6.82	6.82

Pros

Cons

Debtor days have increased from 79.08 to 94.25days.
Stock is trading at 4.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.