NSE: LUMAXIND | BSE: 517206

Strong Performer, Under Radar

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2356.20 27.90 (1.20%)

2,378 NSE+BSE Volume

NSE 07 May, 2025 3:43 PM (IST)

2,202.5

Market Cap

Below industry Median

0.9

Beta 1Year

Low volatility

Lumax Industries Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for LUMAXIND, BSE:517206 Lumax Industries Ltd.

Lumax Industries Ltd.

16 Feb 2021

2356.20

1.20%

Result Update:Lumax Industries

Buy: Lumax Industries Ltd.

Target

Axis Direct

We expect the company to report Revenues/PAT at CAGR of 8%/12% over FY20-23E. We retain BUY with a target price of Rs 1743 (earlier target Rs. 1463).

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

16 Feb 2021

2356.20

1.20%

Lumax Industries. Ltd. | Q3FY21 Result Update

Buy: Lumax Industries Ltd.

Target

Edelweiss

Robust performance; Outlook guidance remains strong

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

Lumax Industries Ltd.

29 Jan 2021

2356.20

1.20%

BP Equities Lumax Industries Ltd Initiating Coverage BUY Trgt 1783

Buy: Lumax Industries Ltd.

BP Wealth

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

Lumax Industries Ltd.

01 Dec 2020

2356.20

1.20%

EARNINGS UPDATE- LUMAX INDUSTRIES 2QFY21

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, Tail lamps, Sundry & Auxiliary lamps. Lumax has technological & financial collaboration with Stanley Electric of Japan. Stanley holds 37.5% in L umax 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.

17 Nov 2020

2356.20

1.20%

Lumax Industries - Company Update - Flashing high beam on new segments

Buy: Lumax Industries Ltd.

Target

Monarch Networth Capital Limited

We maintain a BUY with a slightly revised TP of Rs1,610 (earlier Rs1,650) as we remain positive on Lumax Industries (LMXI) strong entry segment client mix and excellent R&D; support of Stanley. Being the largest in India and catering to mainly the PV lighting (~67%), makes LMXI more resistant to reversion to halogen lamps as PV auto lighting systems are complex and difficult to meddle with. We are convinced that greater LED penetration, higher local content and the recently announced PLI...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

13 Nov 2020

2356.20

1.20%

Result Update:Lumax Industries

Buy: Lumax Industries Ltd.

Target

Axis Direct

We retain BUY with a target price of Rs 1463 (earlier target Rs. 1557).

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

20 Aug 2020

2356.20

1.20%

Lumax Industries - Company Update - Riding on mass appeal

Buy: Lumax Industries Ltd.

Target

Monarch Networth Capital Limited

We remain convinced of Lumax Industries (LMXI) strong entry segment market leading client portfolio and a gradual increase in annual LED revenue share. What provides us additional confidence is that in the current uncertain climate, LMXI has a low D/E of 0.15x and is being prudent with its CAPEX planning. We stand by our existing conviction that greater LED penetration and higher local content will aid LMXI's margin profile and new products with Stanley will help diversify revenue streams. We maintain a BUY with a TP of Rs1,650. LED revenue share slips due to HMSI: LMXI's top line declined by 80.6% to...

Lumax Industries Ltd. is trading below all available SMAs

Lumax Industries Ltd.

18 Aug 2020

2356.20

1.20%

Result Update:Lumax Industries

Buy: Lumax Industries Ltd.

Recommendation Target

Axis Direct

Lumax Industries reported loss of Rs 31.6 cr in Q1FY21 on account of subdued performance of Automobile industry in wake of Covid-19 related lock down; the manufacturing facility of company was closed for 43 days in Q1FY21. Company reported sales of Rs 78 cr and loss of Rs 35 cr at EBIDTA level

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

Lumax Industries Ltd.

18 Aug 2020

2356.20

1.20%

Lumax Industries Ltd | Q1FY21 Result Update

Buy: Lumax Industries Ltd.

Target

Edelweiss

Lumax Inds (Lumax) performance came below our expectation both on topline and profitability front. Topline came in at INR 78 cr witnessing a decline of 81% yoy during Q1FY21.

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

Lumax Industries Ltd.

17 Aug 2020

2356.20

1.20%

Lumax Inds

Buy: Lumax Industries Ltd.

Target

Dolat Capital

Given the leadership in the Automotive lighting business, strong relationships with OEMs (MSIL, HMSI & HML) LIL is a good bet to play on recovery in PV & 2W. Although Q1FY21 was a complete washed out, recovery from July onwards is encouraging with production levels having reached 80% of normal levels. Further the company is focused on cost rationalization and preserving cash to help the company tide over the disruption caused by COVID-19. We continue to believe that the long term story for Lumax is intact,...

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%