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.

04 Sep 2017

1100.30

9.52%

Lumax Autotech (1QFY18): Improving prospects. 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 (14 days). We value the stock at Rs. 681 (15xFY19E EPS). Maintain BUY Lumax Autotechs (LATL) 1QFY18 numbers were mixed bag. Revenue at Rs. 2.35bn (-11% YoY) dragged by revenue from lighting (owing to decline in Bajaj Auto volume) and aftermarket sales. EBITDA at Rs 202mn (-1% YoY, in line estimates) with improved margin of 8.6 %(+82bps YoY). APAT at Rs 92mn (-22% YoY) dragged by fall in other income and higher tax.

Lumax Auto Technologies Ltd. is trading below its 30 day SMA of 1101.8

Lumax Auto Technologies Ltd.

17 May 2017, 08:45AM

1100.30

9.52%

Lumax Autotech (4QFY17): Consolidation phase. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

Target

HDFC Securities

Lumax Autotechs (LATL) 4QFY17 numbers were adversely impacted by demonetisation. Net revenue stood at Rs 2.31bn (-2% YoY), led by a decline in the plastic molded parts business and aftermarket sales. EBITDA at Rs 126mn (-13% YoY) with a margin of 5.4% (-72bps YoY), was impacted by negative operating leverage.

Lumax Auto Technologies Ltd. is trading below its 30 day SMA of 1101.8

Lumax Auto Technologies Ltd.

07 Feb 2017

1100.30

9.52%

Lumax Autotech (3QFY17): Short-term hiccups. Maintain BUY

Buy: Lumax Auto Technologies Ltd.

HDFC Securities

Despite the adverse impact of demonetisation on the auto industry, Lumax Autotech?s (LATL?s) net revenue stood at Rs 2.3bn ( 6% YoY), driven by strong growth in the gear shifters and seat frames segments. However, EBITDA was lower at Rs 142mn (-7% YoY) with a margin of 6.1% (-84bps YoY) owing to higher RM and employee costs. RPAT (after MI) at Rs 43mn (-40% YoY) was impacted by ~Rs 33mn extraordinary expenses as compensation paid to workers for closure of a plant in Waluj.