99.10 -0.35 (-0.35%)
NSE Oct 22, 2020 15:31 PM
Volume: 10,181

HDFC Securities
We value LATL (18x FY20E Earning) at 987, Maintain BUY Lumax Autotechs (LATL) posted strong set of numbers in 3Q. Revenue at Rs. 2.77bn (+26% YoY, 4%QoQ) led by strong growth in lighting, Plastic molded, Gear shifter and aftermarket business. EBITDA at Rs 280mn (+71% YoY) with improved margin of 10.1% (+266bps YoY) owing to better product mix, and improvement in aftermarket sales and margin.
Lumax Auto Technologies Ltd. is trading above all available SMAs
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