The 13 reports from 5 analysts offering long term price targets
for Lumax Industries Ltd. have an average target of 1516.80. The consensus estimate
represents an upside of 12.07%
from the last price of 1353.50.
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 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
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,...
Buffeted by the slowdown in the Indian automobile industry, reported almost 10.5% drop in revenues in Q4FY20 to Rs. 387.29 cr in comparison to Rs. 432.65 cr in the same period a year ago volume decline accounted for a majority of this fall. OPM's consequently shrunk to its lowest levels during the year, yet higher...
Lumax Industries' Q4FY20 performance was ahead of estimates with revenue declining by 11% YoY to Rs391 cr v/s est. of 19% fall. This was ahead of the decline of its largest customers MSIL and HMSI. EBITDA margin came in at 9.7% in-line with our estimate
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 & Tractor s. It has 27 manufacturing...
In Q3FY20, Lumax Ind. reported a revenue of Rs 383 cr in Q3FY20 (?11% YoY and ?11% QoQ) in line with overall industry revenue decline. EBITDA margins were a beat and at a record level of 11.5% (?160 bps YoY and ?130 bps QoQ) on back of strong improvement in raw material costs and localization effort
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 & Tractor s. It has 27 manufacturing...
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,...
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.
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.
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).
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...
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 (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).
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....
