Lumax Industries Ltd. News and Updates

Name: Latest research reports of Lumax Industries Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: Lumax Industries Ltd.
Rating: 5
Author: Monarch Networth Capital Limited

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Lumax Industries Ltd.

25 Feb 2020

2341.00

-0.64%

Lumax Industries

Buy: Lumax Industries Ltd.

Monarch Networth Capital Limited

We initiate coverage on Lumax Industries (LMXI), the largest auto lighting player in India, with a BUY and a TP of Rs1,794. A long history of catering to the biggest domestic auto players like Maruti, Hyundai, HMSI, and Hero MotoCorp (HML), demonstrate LMXI's product R&D; and impeccable quality. We believe that the key driver for increased LED penetration will be the impending fusion of BS-VI and CAFE norms, which will compel OEMs to incorporate LEDs and other lightweight materials. LMXI has been a substantive beneficiary of a three-decade old equity and technical partnership with Stanley, which has, inter alia, laid the foundation for its debt-free...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

24 Feb 2020

2341.00

-0.64%

Lumax Industries Q3 In-line numbers, a proxy play on LEDs

Moneycontrol

NULL

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

07 Feb 2020

2341.00

-0.64%

Result Update:Lumax Inds.

Buy: Lumax Industries Ltd.

Target

Axis Direct

In Q3FY20, Lumax Ind. reported a revenue of Rs 383 cr in Q3FY20 (?11% YoY and ?11% QoQ) in line with overall industry revenue decline. EBITDA margins were a beat and at a record level of 11.5% (?160 bps YoY and ?130 bps QoQ) on back of strong improvement in raw material costs and localization effort

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

06 Feb 2020, 12:00AM

2341.00

-0.64%

EARNINGS UPDATE- LUMAX INDUSTRIES 3QFY20

Lumax Industries Ltd.

Chola Wealth Direct

Background: Lumax Industries, part of DK Jain group, is the largest automotive lighting company in India. It manufactures Head lamps, Tail lamps, Sundry & Auxiliary lamps. Lumax has technological & financial collaboration with Stanley Electric of Japan. Stanley holds 37.5% in Lumax Industries and is its largest shareholder. Lumax provides high quality automotive lighting solutions for four wheelers, two wheelers, CVs & Tractor s. It has 27 manufacturing...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

04 Feb 2020

2341.00

-0.64%

Lumax Industries Ltd - Result Update Q3FY20

Buy: Lumax Industries Ltd.

Target

Edelweiss

Lumax Inds (Lumax) topline dropped by 11% yoy to INR 383 cr in Q3FY20.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

10 Jan 2020

2341.00

-0.64%

Lumax Industries A proxy play on wider adoption of LEDs in automobiles

Moneycontrol

NULL

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

31 Dec 2019

2341.00

-0.64%

Lumax Industries Ltd.

Buy: Lumax Industries Ltd.

Recommendation Target

CD Equisearch

Industry continued its downward trajectory despite hefty discounts given by OEM's - as high as 15-25% - due to weak demand and inventory correction. In comparison to H1FY19, the Indian ndian automobile industry produced 14.42m vehicles registering de-growth of 13.3% y-o-y y in H1FY20. Majority of the dede growth was contributed by the two wheeler and passenger vehicle segment which shrunk by 16.2% and 23.6% respectively,...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

20 Nov 2019

2341.00

-0.64%

Lumax Industries Ltd - Result Update Q2FY20

Buy: Lumax Industries Ltd.

Target

Edelweiss

Topline dropped by 17% yoy to INR 429 cr in Q2FY20. The performance was impacted because of continued sharp downslide observed in automobile production for consecutive last three quarters.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

18 Nov 2019

2341.00

-0.64%

Result Update:Lumax Inds.

Buy: Lumax Industries Ltd.

Axis Direct

In Q2FY20, revenues for Lumax Ind.s came in at Rs 429 cr v/s Rs 505 cr in Q2FY19, posting a decline of 17% YoY and a growth of 7% QoQ. The decline was due to industry wide fall of 15%/24% in 2W/PV segment in Q2FY20.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

19 Aug 2019

2341.00

-0.64%

Result Update:Lumax Inds.

Buy: Lumax Industries Ltd.

Target

Axis Direct

In Q1FY20, Lumax Ind.s reported revenues of Rs 402 cr (?17% YoY & ?7% QoQ) due to multi-month drop in automobile volumes. However, EBIDTA of Rs 39 cr was down only 4% YoY basis and flat on a QoQ basis with EBIDTA margin at 9.8% (130 bps higher on YoY basis).

Lumax Industries Ltd. is trading below all available SMAs

Is Lumax Industries Ltd. worth buying?

42 Votes:

Buy 85.71%

Sell 9.52%

Hold 4.76%