NSE: LUMAXIND | BSE: 517206

Strong Performer

Download real time

3619.20 -26.60 (-0.73%)

New 52W High in past week

11,603 NSE+BSE Volume

NSE 08 Jul, 2025 3:31 PM (IST)

3,383.1

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 CD Equisearch and published by - Trendlyne research reports.
Item: Lumax Industries Ltd.
Rating: 5
Author: CD Equisearch

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

Lumax Industries Ltd.

31 Dec 2019

3619.20

-0.73%

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. has gained 51.22% in the last 3 Months

Lumax Industries Ltd.

20 Nov 2019

3619.20

-0.73%

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 above all available SMAs

Lumax Industries Ltd.

18 Nov 2019

3619.20

-0.73%

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. has gained 45.59% in the last 6 Months

Lumax Industries Ltd.

19 Aug 2019

3619.20

-0.73%

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. has gained 15.56% in the last 1 Month

Lumax Industries Ltd.

16 Aug 2019

3619.20

-0.73%

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. has gained 51.22% in the last 3 Months

Lumax Industries Ltd.

09 Aug 2019

3619.20

-0.73%

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. has gained 45.59% in the last 6 Months

Lumax Industries Ltd.

19 Jun 2019

3619.20

-0.73%

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. has gained 15.56% in the last 1 Month

Lumax Industries Ltd.

03 Jun 2019

3619.20

-0.73%

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. has gained 15.56% in the last 1 Month

Lumax Industries Ltd.

31 May 2019

3619.20

-0.73%

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. has gained 45.59% in the last 6 Months

Lumax Industries Ltd.

18 May 2019

3619.20

-0.73%

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. has gained 15.56% in the last 1 Month

Is Lumax Industries Ltd. worth buying?

45 Votes:

Buy 86.67%

Sell 8.89%

Hold 4.44%