NSE: LUMAXTECH | BSE: 532796

Strong Performer, Under Radar

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536.15 -11.20 (-2.05%)

26.44% Gain from 52W Low

64,271 NSE+BSE Volume

NSE 25 Apr, 2025 3:31 PM (IST)

3,654.3

Market Cap

Below industry Median

1.2

Beta 1Year

Very High Volatility

Lumax Auto Technologies Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for LUMAXTECH, BSE:532796 Lumax Auto Technologies Ltd.

Lumax Auto Technologies Ltd.

12 Nov 2020

536.15

-2.05%

Lumax Auto Tech

Buy: Lumax Auto Technologies Ltd.

Target

Dolat Capital

Going ahead, we expect ramp up in lighting, Gear shifter and sheet metal business, incremental new products (revenue from urea tank, oxygen sensor and 4W plastic molded parts) and increase in aftermarket revenue will aid earnings in near to medium term. Revenue contribution for LATL from 2 & 3W-52%, PV-13%, Aftermarket- 15%, CV- 10% & Others-10%. The company incurred capex Rs 240mn and expects a similar level of...

Lumax Auto Technologies Ltd. is trading above its 50 day SMA of 534.0

Lumax Auto Technologies Ltd.

23 Jun 2020

536.15

-2.05%

Lumax Auto Tech

Buy: Lumax Auto Technologies Ltd.

Dolat Capital

Lumax Autotech (LATL) reported 4QFY20 numbers below estimates. Revenue de-grew 10%YoY to Rs 2.72bn due to production cut taken by various OEM for BS6 transition and impact of lockdown. EBIDTA margin contracted 330bps YoY to 5.4%, due to negative operating leverage, weaker product mix (low replacement revenue) and one off expenses (Rs.50mn towards legal and due diligence expenses). Adjusted EBITDA stood at 7.2%. Going ahead, we expect a quicker recovery in the 2W segment and...

Lumax Auto Technolog.. has an average target of 758.50 from 2 brokers.

Lumax Auto Technologies Ltd.

19 Mar 2019

536.15

-2.05%

Lumax Autotech (Update): Management lowers guidance. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

Target

HDFC Securities

Given its healthy balance sheet, consistent dividend payout (+20%), and efficient working capital cycle (15 days), we maintain our positive view on the stock. We have reduced EPS estimates by 17% over FY19-21E to factor in the impact due to the SMT business. We Maintain BUY with a revised TP of Rs 180 at 16x FY21E EPS. Despite the recent developments, we expect Lumax to benefit from 1) Sustained revenue growth from existing product lines such as lighting and sheet metals 2) incremental revenue from new products including Urea tanks and oxygen sensors (~Rs 1bn in next 2-3 years) 3) Revenue and margin expansion in the aftermarket business (the company is launching several new products across its existing product range). We expect +20% CAGR growth over the next 3-5 years.

Lumax Auto Technologies Ltd. is trading below its 100 day SMA of 560.0

Lumax Auto Technologies Ltd.

11 Feb 2019

536.15

-2.05%

Lumax Autotech (3QFY19): Risk Reward remains favorable. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

Target

HDFC Securities

We Maintain BUY with a revised TP of Rs 208 (16xDec-18). Lumax Auotech (LATL) continued its double digit growth trajectory (Revenue/PAT grew 15/33%) in 3Q despite a slowdown in the OEM segment. LATLs growth is driven by the aftermarket segment as well as higher other income (relating to designing and mould modification charges). We re-iterate our Buy rating due to our expectations of double digit revenue growth (12-13%) over FY20-21 as LATL is diversifying across product segments and margins are expanding on a richer mix (higher aftermarket sales).

Lumax Auto Technologies Ltd. is trading below its 100 day SMA of 560.0

Lumax Auto Technologies Ltd.

14 Nov 2018

536.15

-2.05%

Lumax Autotech (2QFY19): Strong show continues. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

Target

HDFC Securities

Maintain BUY with TP Rs 245(18xSept-20) vs 216 earlier Lumax Autotech (LATL) experienced strong growth in Revenue and PAT in 2Q. Revenue jumped 37% YoY to Rs. 3.67bn led by strong growth in Lighting, SMT, Sheet Metal and Aftermarket business. Besides this, richer product mix and operating leverage benefits, added up to EBITDA (+40% YoY at Rs 353mn) of the company and contributed significantly in APAT (+76% YoY, excluding exceptional items of Rs. 53mn towards impairment of assets for Exhaust business).

Lumax Auto Technolog.. has an average target of 758.50 from 2 brokers.

Lumax Auto Technologies Ltd.

01 Aug 2018

536.15

-2.05%

Lumax Autotech (1QFY19): Stellar show. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

HDFC Securities

We value LATL (18x FY20E Earning) at 216 vs 198 earlier, Maintain BUY Lumax Autotech (LATL) posted strong set of numbers in 1Q. Revenue jumped 42% YoY to Rs. 3.33bn led by strong growth in lighting, Plastic molded, SMT and aftermarket business. EBITDA rose by 66% YoY at Rs 334mn (+66% YoY,) with strong margin 10% (+145bps YoY) led by richer product mix. APAT stood at Rs 181mn (+97% YoY).

Lumax Auto Technologies Ltd. is trading below its 100 day SMA of 560.0

Lumax Auto Technologies Ltd.

16 Jul 2018

536.15

-2.05%

LUMAX AUTO TECHNOLOGIES LIMITED

Buy: Lumax Auto Technologies Ltd.

Joindre Capital Services

Lumax Auto Technologies Ltd (is a part of the D.K. Jain Group of companies) through its wholly owned subsidiary, LDK, is the market leader in Parking Brakes Gear Shifters, Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED Lighting, Aerospace & Defence Engineering Services within both TWs, PCs CV segments. Also LATL is a major supplier of chasis, exhaust systems and petrol tanks for two wheelers. LATL has 27 manufacturing plants in India. Eight plants are located in Pune, 2 plants in Aurangabad, in Maharashtra, 7 in Manesar Gurgaon, in Haryana, 1 plant in Kala Amb in...

Lumax Auto Technologies Ltd. is trading below its 100 day SMA of 560.0

Lumax Auto Technologies Ltd.

04 Jun 2018

536.15

-2.05%

Lumax Autotech (4QFY18): Continues on growth trajectory. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

HDFC Securities

We value LATL (18x FY20E Earning) at 987, Maintain BUY Lumax Autotech (LATL) posted strong set of numbers in 4Q. Revenue jumped 48% YoY to Rs. 3.31bn led by strong growth in lighting, Plastic molded, SMT (electronic components like PCB), Gear shifter and aftermarket business. EBITDA at Rs 282mn (+96% YoY, 6% ahead of est) with margin of 8.5% (+205bps YoY), vs est 9.8%. APAT stood at Rs 132mn (+96% YoY).

Lumax Auto Technolog.. has an average target of 758.50 from 2 brokers.

Lumax Auto Technologies Ltd.

14 Feb 2018

536.15

-2.05%

Lumax Autotech (3QFY18): Growth acceleration. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

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 below its 100 day SMA of 560.0

Lumax Auto Technologies Ltd.

06 Dec 2017

536.15

-2.05%

Lumax Autotech (2QFY18): Steady performance. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

HDFC Securities

LATL has a lean balance sheet with low leverage (0.1x), a consistent dividend payout record (20%+ dividend payout) and an efficient working capital cycle (15 days). We increase our TP to Rs. 781 based on 15xDec-19E EPS vs 681(15xFY19E) earlier. Maintain BUY Lumax Autotechs (LATL) posted decent set of numbers in 2Q. Revenue at Rs. 2.67bn (+4% YoY, 14%QoQ) led by strong growth in gear shifter and plastic molded business, offset by subdued lighting and aftermarket revenue. EBITDA at Rs 252mn (+15% YoY) with improved margin of 9.4% (+95bps YoY) owing to better product mix and improvement in aftermarket margin. APAT stood at Rs 134mn (+14% YoY).

Lumax Auto Technologies Ltd. is trading below its 100 day SMA of 560.0

Is Lumax Auto Technologies Ltd. worth buying?

98 Votes:

Buy 78.57%

Sell 13.27%

Hold 8.16%

RESEARCH REPORTS

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