Lumax Industries Ltd. share price target

Lumax Industries Ltd (Lumax) reported revenue of INR 559 cr in Q4FY18, a strong growth of 45% yoy. The growth was driven by healthy industry tailwinds combined with rise in share of LED business.

expanded by 26 bps y-o-y by virtue of optimization of overheads due to increased sales during the quarter. Net profit margins fell from 5.6% to 4.9% y-o o-y largely on account of price reduction of Rs 30 crs undertaken by SL Lumax, Lumax its associate company, for its major customer Hyundai (accounts for 98% revenue) venue). Soaring tax liability due...

In Q3FY18, Lumax Ind.s reported sales revenues of Rs 373 cr (24% YoY & 2%QoQ), EBIDTA of Rs 35 cr (37% YoY & 12.4 QoQ) with EBIDTA margin at 9.3% (expansion of 89 bps on annual comparison). Total comprehensive income was reported at Rs 17.7 cr (3.8% YoY).

Lumax Industries Ltd (Lumax) reported revenue of INR 371 cr in Q3FY18, a strong growth of 25% yoy. The growth was driven by healthy industry tailwinds combined with rise in the proportion...

In Q2FY18, Lumax Ind.s reported sales revenues of Rs 380 cr (?22.8% YoY & 0.9% QoQ), EBIDTA of Rs 31 cr (21.3% YoY & 17.3 QoQ) with EBIDTA margin at 8.1% (correction of 10 bps on annual comparison). Total comprehensive income was reported at Rs 20.5 cr (?15.2% YoY).

Lumax Industries Ltd. (LIL) is a market leader in domestic automotive lighting industry, with market share close to around 30-35% on standalone basis. However Lumax group (i.e. SL Lumax,...

We met the management of Lumax Industries (LIL) to understand its business model. LIL, founded in 1945, is a part of DK Jain Group, provides automotive lighting solutions Front lighting (68% of revenue), rear lighting (22% of revenue) & others (auxiliary lamp and indicators balance 10% of revenue). It is the market leader with >60% market share in the Indian automotive lighting solutions. PV accounts for 64% of revenue, 2-W (31% of revenue) & CV space account the balance of 5%. Maruti Suzuki is its biggest client accounting >30% of its revenue. LIL is...

Lumax Industries Ltd: LED is going to be a game changer in the automobile lighting system, The margins of the company will also build up as the share of LED in the revenues rises.

In Q1FY18, Lumax Ind.s reported sales revenues of Rs 390 cr (?15% YoY & ?9.8%QoQ), EBIDTA of Rs 26 cr (?7.2% YoY & ?5.2 QoQ) with EBIDTA margin at 6.7% (correction of 50 bps on annual comparison). The standalone profit after tax was reported at Rs 8.1 cr (?12.1% YoY) while consolidated PAT was repor..