Lumax Industries Ltd. share price target

Revenue surged by 19.4% in the last quarter mainly because of higher volumes but profit flat lined because of higher tax provision. PAT after associate profit plunged by 41.4% on a y--o-y basis owing to decline in profitability of SL Lumax of Rs 3.57 crs ($0.5m) due to price reduction...

In Q4FY17, Lumax Ind.s reported sales revenues of Rs 386 cr (?19.4% YoY & ?28.4%QoQ), EBIDTA of Rs 25 cr (?18% YoY & flat QoQ) with EBIDTA margin at 6.6% (almost flat margins on annual comparison).

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 9...

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 9...

Muted production and weak dispatches by the key clients kept Lumax on the back foot in the first half of the current fiscal. The revenue from operations increased marginally by 1.8% in Q2FY17 to Rs 309.83 crs/$45.6m (Rs 304.21 crs/$44.8m in Q2FY16) after seeing a slump of 4.5% in Q1FY17. Despite the two wheeler (17.5%) and the passenger segment (12.3%) seeing a robust growth in H1, Lumax struggled to keep the uptrend it witnessed last year. Deceleration in the auto industry seen in the last month is expected to continue till the end of the fiscal would...

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 9...

Lumax Industries Ltd (LIL), incorporated in 1945 was set up in Delhi by S.C. Jain as a trading company under the name Globe Auto Industries. In 1956, Lumax setup manufacturing units for automotive lighting equipment and other components. In 1984, Lumax embarked on collaboration with Stanley Electric Co. Ltd., Japan and converted itself from private limited to public limited company. Company derives ~65-70% of sales from PV segment, and 30%-35% from 2W + UV. Company caters...

Buy Lumax Industries Ltd CMP at Rs. 525.95 and add on dips to Rs.465-485 for sequential targets of Rs. 640 & Rs. 778 in 2-3 quarters

Background: Lumax Industries Ltd, incorporated in 1945 was set up in Delhi by S.C. Jain as a trading company under the name Globe Auto Industries. In 1956, Lumax setup manufacturing units for automotive lighting equipment and other components. In 1984, Lumax embarked on collaboration with Stanley Electric Co. Ltd., Japan and converted itself from private limited to public limited company. Company derives ~48% of sales from PV segment, 31% of sales from 2Ws, 7% from CVs and 13% from...

Background: Lumax Industries Ltd (Lumax), incorporated in 1945 was set up in Delhi by S.C. Jain as a trading company under the name Globe Auto Industries. In 1956, Lumax setup manufacturing units for automotive lighting equipment and other components. In 1984, Lumax embarked on collaboration with Stanley Electric Co. Ltd., Japan and converted itself from private limited to public limited company. Company derives ~48% of sales from PV segment, 31% of sales from 2Ws, 7% from CVs and 13% from...