Lumax Automotive Systems Limited share price target and research reports

Name: Latest research reports of Lumax Automotive Systems Limited authored by Dolat Capital and published by - Trendlyne research reports.
Item: Lumax Automotive Systems Limited
Rating: 5
Author: Dolat Capital

Latest analyst research reports with target prices and PDF download for LUMAXAUTO, BSE:532537 Lumax Automotive Systems Limited

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Lumax Automotive Systems Limited

04 Oct 2019

Lumax Group

Mgmt Note: Lumax Automotive Systems L...

ICICI Securities Limited

We estimate the size of domestic auto lighting segment (front lamps+ tail lamps + side indicators) at ~| 7,000 crore with content/vehicle of conventional lighting at ~| 1,000/unit for 2-W, 3-W, ~| 5,000/unit for PV, CV & LED lighting content pegged at ~2.5-3x conventional lighting, respectively. Market capitalisation (| crore) Lumax Auto Technologies is a diversified automobile ancillary player with sales of ~| 1,187 crore in FY19, EBITDA at | 104 crore and associated EBITDA margins at 8.8%. PAT was at | 66 crore as of FY19. In terms of revenue,...

Lumax Automotive Systems Limited

13 Aug 2019

Lumax Auto Tech

Buy: Lumax Automotive Systems L...

Dolat Capital

Despite the challenging environment LATL reported 3% YoY growth in revenue to ` 2.87bn supported by strong growth in sheet metal (led by decent volume of Bajaj Auto in 1Q) and aftermarket division. EBIDTA margin remain flat QoQ to 8.7% (in line estimates) while APAT de-grew by 19% YoY to `113mn led by higher depreciation and interest cost. During the quarter, the company has won new business for supplying Gear shifter for Scorpio(M&M;) and exhaust system for Hector (MG Motors). The company has guided for single digit growth in revenue for FY20(excluding...

Lumax Automotive Systems Limited

15 Jun 2017

Lumax Auto Technologies

Mgmt Note: Lumax Automotive Systems L...

ICICI Securities Limited

We recently met the management of Lumax Auto Technologies (LATL) to understand its business model. LATL, established in 1981, is a part of DK Jain Group with diversified product portfolio like Lighting, Gear shifter, Chassis & Frame, Air Intake systems and others. Of the total revenue 82% is derived from OEM (of which 2-W /3-W account for 46%, PV-27% and 9% others) & balance 18% is from aftermarket. Besides its normal growth from lighting business, the incremental growth is expected from its JVs which have new products & technology complying emission norms &...

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Is Lumax Automotive Systems Limited worth buying?

6 Votes:

Buy 16.67%

Sell 33.33%

Hold 50.0%