1353.50 -29.30 (-2.12%)
5,286 Volume
NSEJan 22, 2021 03:31 PM
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.
Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2020-12-01 | Lumax Industries Ltd. + | Chola Wealth Direct | 1317.00 | 1455.00 | 1317.00 (2.77%) | Target met | Buy | EARNINGS UPDATE- LUMAX INDUSTRIES 2QFY21
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...
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2020-11-13 | Lumax Industries Ltd. + | Axis Direct | 1318.25 | 1463.00 | 1318.25 (2.67%) | Target met | Buy | |||
2020-08-18 | Lumax Industries Ltd. + | Axis Direct | 1476.85 | 1557.00 | 1476.85 (-8.35%) | Target met | Buy | Result Update:Lumax Industries
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
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2020-08-17 | Lumax Industries Ltd. + | Dolat Capital | 1484.05 | 1513.00 | 1484.05 (-8.80%) | Target met | Buy | Lumax Inds
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,...
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2020-07-29 | Lumax Industries Ltd. + | CD Equisearch | 1191.55 | 1513.00 | 1191.55 (13.59%) | Target met | Buy | Lumax Industries Ltd
CD Equisearch
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...
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2020-06-26 | Lumax Industries Ltd. + | Axis Direct | 1082.15 | 1018.00 | 1082.15 (25.08%) | -24.79 | Hold | Result Update:Lumax Industries
Axis Direct
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
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2020-06-25 | Lumax Industries Ltd. + | Chola Wealth Direct | 1082.15 | 1200.00 | 1082.15 (25.08%) | Target met | Buy | EARNINGS UPDATE- LUMAX INDUSTRIES 4QFY20
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 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...
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2020-06-24 | Lumax Industries Ltd. + | Edelweiss | 1084.10 | 1350.00 | 1084.10 (24.85%) | Target met | Buy | |||
2020-05-06 | Lumax Industries Ltd. + | Axis Direct | 965.20 | 886.00 | 965.20 (40.23%) | Target met | Sell | |||
2020-02-07 | Lumax Industries Ltd. + | Axis Direct | 1483.65 | 1915.00 | 1483.65 (-8.77%) | 41.49 | Buy | Result Update:Lumax Inds.
Axis Direct
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
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2020-02-06 | Lumax Industries Ltd. + | Chola Wealth Direct | 1483.65 | 1483.65 (-8.77%) | EARNINGS UPDATE- LUMAX INDUSTRIES 3QFY20
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 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...
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2020-02-04 | Lumax Industries Ltd. + | Edelweiss | 1474.60 | 1820.00 | 1474.60 (-8.21%) | 34.47 | Buy | |||
2019-12-31 | Lumax Industries Ltd. + | CD Equisearch | 1271.80 | 1558.00 | 1271.80 (6.42%) | Target met | Buy | Lumax Industries Ltd.
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,...
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2019-11-20 | Lumax Industries Ltd. + | Edelweiss | 1229.55 | 1500.00 | 1229.55 (10.08%) | Target met | Buy | |||
2019-11-18 | Lumax Industries Ltd. + | Axis Direct | 1245.30 | 1607.00 | 1245.30 (8.69%) | Target met | Buy | Result Update:Lumax Inds.
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.
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2019-08-19 | Lumax Industries Ltd. + | Axis Direct | 1198.55 | 1607.00 | 1198.55 (12.93%) | Buy | Result Update:Lumax Inds.
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).
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2019-08-16 | Lumax Industries Ltd. + | Chola Wealth Direct | 1185.60 | 1554.00 | 1185.60 (14.16%) | Target met | Buy | EARNINGS UPDATE-LUMAX INDUSTRIES 1QFY20
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...
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2019-08-09 | Lumax Industries Ltd. + | Edelweiss | 1253.20 | 1804.00 | 1253.20 (8.00%) | Buy | ||||
2019-06-19 | Lumax Industries Ltd. + | Edelweiss | 1248.85 | 2018.00 | 1248.85 (8.38%) | Buy | ||||
2019-06-03 | Lumax Industries Ltd. + | Chola Wealth Direct | 1478.00 | 1687.00 | 1478.00 (-8.42%) | Buy | EARNINGS UPDATE- LUMAX INDUSTRIES 4QFY19
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....
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