Lumax Industries Ltd. News and Updates

Name: Latest research reports of Lumax Industries Ltd. authored by Chola Wealth Direct and published by - Trendlyne research reports.
Item: Lumax Industries Ltd.
Rating: 5
Author: Chola Wealth Direct

Keep track of all breaking news on Lumax Industries Ltd. from all sources in a single place.

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Lumax Industries Ltd.

16 Aug 2019

2356.20

1.20%

EARNINGS UPDATE-LUMAX INDUSTRIES 1QFY20

Buy: Lumax Industries Ltd.

Target

Chola Wealth Direct

Background: Lumax Industries, part of DK Jain group, is the largest automotive lighting company in India. It manufactures Head lamps, Tai l 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 & Tract ors. It has 27 manufacturing locations across...

Lumax Industries Ltd.'s price crossed above 100Day SMA today

Lumax Industries Ltd.

09 Aug 2019

2356.20

1.20%

Lumax Industries Ltd - Result Update Q1FY20

Buy: Lumax Industries Ltd.

Target

Edelweiss

Continued sharp decline in automobile production i.e. 11% in Q1FY20 for second straight quarter strained Lumax's topline as it dropped by a sharp 16% yoy in Q1FY20 to INR 402 cr.

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

19 Jun 2019

2356.20

1.20%

Lumax Industries Ltd - Result Update Q4FY19

Buy: Lumax Industries Ltd.

Target

Edelweiss

Lumax Industries (Lumax) is the market leader in the domestic automotive lighting industry with dominant ~55% share in domestic passenger vehicles (PV) and ~37% share in two wheelers (2W).

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

03 Jun 2019

2356.20

1.20%

EARNINGS UPDATE- LUMAX INDUSTRIES 4QFY19

Buy: Lumax Industries Ltd.

Target

Chola Wealth Direct

Sector: Auto-ancillaries /Mid-Cap | Earnings Update 4QFY19 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 & Tractors. It has 27 manufacturing locations across India. LED is currently sourced from Stanley, Japan. The company is working to develop in house capabilities for PCB and LED through its design center....

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

31 May 2019

2356.20

1.20%

Result Update:Lumax Inds.

Buy: Lumax Industries Ltd.

Target

Axis Direct

Lumax Ind.s' overall capacity utilization was reported around 75%; LED's contributed 33% to the revenues in FY19 up from 25% in FY18; MSIL has been a leading customer for Lumax Ind.s contributing almost 40% of the LED revenues

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

18 May 2019

2356.20

1.20%

Lumax Industries Ltd

Lumax Industries Ltd.

Angel Broking

Outlook and Valuation: Near term outlook looks tough for the industry, however considering the long term perspective, LIL is a good bet to play on auto growth and increasing LED penetration, which will help Lumax to grow above the industry rate going forward. At the CMP of `1,402 stock is available at 12x of FY21E

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

17 May 2019

2356.20

1.20%

Lumax Inds

Buy: Lumax Industries Ltd.

Dolat Capital

Lumax Industries (LIL) 4Q results were below our estimates, affected by 1) slowdown in PVs sales 2) decline in the tooling business 3) fall in LED revenue (led by sharp fall in HMSI's Activa volume). Despite the slowdown in PV sales, the company reported double digit growth in revenue and PAT in FY19, respectively led by increasing penetration of LED lighting. We expect a 13% EPS CAGR over FY19-21E, primarily driven by an 8% growth...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

15 May 2019

2356.20

1.20%

Lumax Industries plunges 11% on weak March quarter results

Business Standard

The company said, the auto OEMs are currently facing a challenging time, which is likely to impact the performance of the auto component industry.

Lumax Industries Ltd.'s price crossed above 100Day SMA today

Lumax Industries Ltd.

30 Apr 2019

2356.20

1.20%

Lumax Industries Ltd

Accumulate: Lumax Industries Ltd.

Recommendation Target

CD Equisearch

Riding well on the robust performance of the automobile industry, LIL registered revenue growth of 16.2% y-o-y y in Q3FY19, with value addition accounting for a majority of its growth in revenue. Revenue from mould...

Lumax Industries Ltd.'s price crossed above 100Day SMA today

Lumax Industries Ltd.

12 Mar 2019

2356.20

1.20%

Lumax Industries Ltd - Company Update

Buy: Lumax Industries Ltd.

Target

Edelweiss

Lumax Industries (Lumax) is the market leader in the domestic automotive lighting industry with dominant ~55% market share in domestic passenger vehicles (PV) and ~37% market share in two wheelers.

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%