BSE: 532796 | NSE: LUMAXTECH | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Lumax Auto Technologies Ltd is a good quality company.
The key valuation ratios of Lumax Auto Technologies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lumax Auto Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 31.2% | 18.7% | 5.6% | 17.7% | 24.9% | 16% | 12.6% | 14.6% | 14.3% | 15.3% | - |
| Value Creation Index ⓘ | 1.2 | 0.3 | -0.6 | 0.3 | 0.8 | 0.1 | -0.1 | 0.0 | 0.0 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 524 | 562 | 481 | 596 | 1,129 | 942 | 903 | 1,196 | 1,322 | 1,335 | 1,413 |
| Sales YoY Gr. | - | 7.2% | -14.5% | 24% | 89.5% | -16.5% | -4.2% | 32.5% | 10.5% | 1% | - |
| Adj EPS ⓘ | 2.3 | 2.8 | 1.1 | 4.5 | 8.7 | 8.8 | 6 | 8.2 | 11.3 | 13.5 | 14.4 |
| YoY Gr. | - | 23.5% | -60.9% | 307.2% | 92.9% | 0.5% | -32.1% | 37.5% | 38.5% | 19.2% | - |
| BVPS (₹) ⓘ | 18.2 | 20.1 | 28.6 | 37.9 | 65.4 | 60.8 | 71.6 | 70.9 | 85.5 | 98.8 | 100.4 |
| Adj Net Profit ⓘ | 15.7 | 19.4 | 7.6 | 30.8 | 59.4 | 59.7 | 40.6 | 55.8 | 77.2 | 92 | 98 |
| Cash Flow from Ops. ⓘ | 27.4 | 28 | 18.7 | 51.2 | 52.2 | 45 | 80.9 | 50.6 | 88 | 52.6 | - |
| Debt/CF from Ops. ⓘ | 1.5 | 1.2 | 1.8 | 0 | 1 | 1.5 | 0.4 | 1.9 | 2.9 | 7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11% | 3.4% | 13.9% | 1% | ||||
| Adj EPS ⓘ | 21.7% | 9.1% | 31.4% | 19.2% | ||||
| BVPSⓘ | 20.7% | 8.6% | 11.3% | 15.6% | ||||
| Share Price | 23.8% | 37.8% | 51.7% | 34% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 14.9 | 4.6 | 13.6 | 16.9 | 13.9 | 9 | 11.5 | 14.5 | 14.6 | 14.4 |
| Op. Profit Mgn % ⓘ | 6.7 | 6.2 | 4.9 | 7.4 | 8.4 | 7.3 | 7.3 | 7.4 | 8.1 | 8.5 | 9.2 |
| Net Profit Mgn % ⓘ | 3 | 3.5 | 1.6 | 5.2 | 5.3 | 6.3 | 4.5 | 4.7 | 5.8 | 6.9 | 6.9 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.2 | 0 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.6 | 0.1 |
| Working Cap Days ⓘ | 87 | 82 | 96 | 106 | 89 | 111 | 104 | 92 | 90 | 93 | 67 |
| Cash Conv. Cycle ⓘ | 2 | 3 | 4 | 3 | 7 | 24 | 23 | 18 | 20 | 25 | -2 |
Return on Equity has increased versus last 3 years average to 14.40%
Sales growth is growing at healthy rate in last 3 years 13.91%
Net Profit is growing at healthy rate in last 3 years 31.40%
Sales growth is good in last 4 quarters at 11.79%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 14.4 | 22.8 |
| TTM Sales (₹ Cr.) | 1,413 | 3,088 |
| BVPS (₹.) ⓘ | 100.4 | 122.5 |
| Reserves (₹ Cr.) ⓘ | 671 | 822 |
| P/BV ⓘ | 5.07 | 4.15 |
| PE ⓘ | 35.41 | 22.35 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 363.05 / 608.15 |
| All Time Low / High (₹) | 3.02 / 608.15 |
| Market Cap (₹ Cr.) | 3,469 |
| Equity (₹ Cr.) | 13.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 524 | 562 | 481 | 596 | 1,129 | 942 | 903 | 1,196 | 1,322 | 1,335 |
| Operating Expenses ⓘ | 489 | 527 | 457 | 552 | 1,034 | 874 | 837 | 1,108 | 1,214 | 1,221 |
| Manufacturing Costs | 38 | 43 | 41 | 49 | 85 | 89 | 80 | 111 | 145 | 124 |
| Material Costs | 389 | 409 | 340 | 410 | 786 | 645 | 631 | 835 | 886 | 894 |
| Employee Cost | 43 | 50 | 52 | 57 | 105 | 96 | 96 | 118 | 135 | 153 |
| Other Costs ⓘ | 19 | 25 | 24 | 37 | 58 | 44 | 30 | 44 | 49 | 49 |
| Operating Profit ⓘ | 35 | 35 | 24 | 44 | 95 | 68 | 66 | 88 | 107 | 114 |
| Operating Profit Margin (%) | 6.6% | 6.2% | 4.9% | 7.4% | 8.4% | 7.3% | 7.3% | 7.4% | 8.1% | 8.5% |
| Other Income ⓘ | 2 | 8 | 4 | 15 | 23 | 37 | 22 | 21 | 34 | 63 |
| Interest ⓘ | 5 | 4 | 4 | 3 | 5 | 7 | 7 | 7 | 11 | 30 |
| Depreciation ⓘ | 10 | 12 | 13 | 13 | 24 | 27 | 25 | 27 | 31 | 33 |
| Exceptional Items ⓘ | 24 | 0 | -3 | -2 | 0 | 0 | 0 | -2 | -9 | 0 |
| Profit Before Tax ⓘ | 45 | 27 | 8 | 41 | 90 | 71 | 56 | 74 | 90 | 114 |
| Tax ⓘ | 13 | 7 | 2 | 11 | 30 | 11 | 14 | 19 | 16 | 21 |
| Profit After Tax | 32 | 20 | 5 | 29 | 60 | 60 | 42 | 55 | 74 | 93 |
| PAT Margin (%) | 6.1% | 3.5% | 1.1% | 4.9% | 5.3% | 6.3% | 4.7% | 4.6% | 5.6% | 6.9% |
| Adjusted EPS (₹) | 4.7 | 2.9 | 0.8 | 4.3 | 8.7 | 8.7 | 6.2 | 8.0 | 10.8 | 13.6 |
| Dividend Payout Ratio (%) | 30% | 33% | 119% | 47% | 34% | 34% | 49% | 44% | 42% | 40% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 124 | 137 | 195 | 258 | 446 | 414 | 488 | 483 | 583 | 674 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 110 | 123 | 181 | 245 | 432 | 401 | 474 | 470 | 569 | 660 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 28 | 20 | 21 | 0 | 50 | 65 | 35 | 95 | 257 | 341 |
| Long Term Debt | 26 | 13 | 1 | 0 | 0 | 0 | 0 | 0 | 123 | 100 |
| Short Term Debt | 2 | 6 | 20 | 0 | 50 | 65 | 35 | 95 | 134 | 241 |
| Trade Payables | 82 | 107 | 88 | 188 | 189 | 123 | 162 | 177 | 163 | 183 |
| Others Liabilities ⓘ | 44 | 42 | 50 | 61 | 77 | 89 | 106 | 132 | 127 | 137 |
| Total Liabilities ⓘ | 278 | 305 | 354 | 508 | 763 | 691 | 791 | 888 | 1,130 | 1,334 |
Fixed Assets | ||||||||||
| Gross Block | 154 | 166 | 185 | 216 | 353 | 397 | 417 | 458 | 503 | 515 |
| Accumulated Depreciation | 41 | 50 | 63 | 75 | 148 | 171 | 193 | 221 | 235 | 262 |
| Net Fixed Assetsⓘ | 113 | 116 | 122 | 140 | 205 | 226 | 223 | 237 | 268 | 254 |
| CWIP ⓘ | 0 | 3 | 6 | 3 | 2 | 1 | 5 | 9 | 2 | 3 |
| Investmentsⓘ | 28 | 29 | 88 | 131 | 191 | 142 | 219 | 200 | 470 | 685 |
| Inventories | 29 | 31 | 26 | 43 | 33 | 40 | 45 | 63 | 50 | 62 |
| Trade Receivables | 75 | 96 | 88 | 167 | 227 | 165 | 180 | 208 | 199 | 253 |
| Cash Equivalents | 10 | 9 | 13 | 8 | 38 | 76 | 64 | 86 | 58 | 13 |
| Others Assetsⓘ | 22 | 22 | 11 | 17 | 67 | 41 | 54 | 85 | 83 | 64 |
| Total Assets ⓘ | 278 | 305 | 354 | 508 | 763 | 691 | 791 | 888 | 1,130 | 1,334 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 27 | 28 | 19 | 51 | 52 | 45 | 81 | 51 | 88 | 53 |
| PBT ⓘ | 45 | 27 | 8 | 41 | 90 | 71 | 56 | 74 | 90 | 114 |
| Adjustment ⓘ | -9 | 10 | 16 | 7 | 19 | 21 | 18 | 18 | 11 | 10 |
| Changes in Working Capital ⓘ | 1 | -1 | -2 | 14 | -27 | -33 | 20 | -21 | 4 | -57 |
| Tax Paid ⓘ | -10 | -8 | -3 | -11 | -29 | -13 | -13 | -21 | -17 | -14 |
| Cash Flow From Investing Activity ⓘ | 0 | -10 | -18 | -14 | -84 | 5 | -64 | -72 | -220 | -93 |
| Capex | -22 | -16 | -12 | -22 | -36 | 15 | -20 | -32 | -41 | -18 |
| Net Investments | 22 | 0 | -7 | 0 | -16 | -13 | -45 | -43 | 3 | -19 |
| Others ⓘ | 0 | 6 | 1 | 9 | -32 | 3 | 1 | 2 | -181 | -57 |
| Cash Flow From Financing Activityⓘ | -27 | -21 | 4 | -42 | 31 | -33 | -46 | 27 | 130 | 44 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -13 | -12 | -13 | -13 | 0 | 0 | 0 | 0 | 130 | 2 |
| Interest Paid ⓘ | -5 | -4 | -4 | -3 | -3 | -7 | -7 | -7 | -10 | -30 |
| Dividend Paid ⓘ | -10 | -8 | 0 | -6 | -14 | -40 | -7 | -20 | -24 | -31 |
| Others ⓘ | 0 | 4 | 20 | -20 | 48 | 15 | -32 | 54 | 34 | 102 |
| Net Cash Flow ⓘ | 0 | -2 | 5 | -4 | 0 | 17 | -30 | 5 | -2 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.22 | 15 | 3.25 | 12.89 | 16.92 | 13.84 | 9.33 | 11.29 | 13.79 | 14.75 |
| ROCE (%) | 31.23 | 18.74 | 5.56 | 17.71 | 24.94 | 15.99 | 12.55 | 14.61 | 14.28 | 15.31 |
| Asset Turnover Ratio | 1.97 | 2.09 | 1.58 | 1.41 | 1.78 | 1.3 | 1.24 | 1.45 | 1.31 | 1.08 |
| PAT to CFO Conversion(x) | 0.84 | 1.4 | 3.8 | 1.76 | 0.87 | 0.75 | 1.93 | 0.93 | 1.19 | 0.57 | Working Capital Days |
| Receivable Days | 54 | 51 | 64 | 76 | 64 | 76 | 68 | 58 | 56 | 62 |
| Inventory Days | 17 | 18 | 20 | 21 | 12 | 14 | 17 | 16 | 16 | 15 |
| Payable Days | 87 | 85 | 105 | 123 | 88 | 88 | 82 | 74 | 70 | 71 |
Founded in the year 1981, Lumax Auto Technologies (LATL) is a part of the D.K. Jain Group of companies that has carved its strong position in automotive parts like sheet metal parts, fabricated assemblies, tubular parts for two wheeler and three wheeler industry. Under the aegis of Mr. D K Jain, today Lumax Technologies has captured sizable market in its arena with an annual turnover of over Rs. 450 Crores ($ 110 Million) including its subsidiaries.
Lumax Technologies is a publicly traded company in India. The shareholding pattern depicts a holding of 60% by Indian Promoters, and 40% is held by public, comprised of over 15,000 shareholders.
The company is serving its customers from six modern manufacturing plants in India. Of these, Three are located in Pune, Three plants in Aurangabad, and an R&D centre in Pune. All these facilities are strategically located in the Automotive industrial belt in the State of Maharashtra in West of India. Our product line includes Two wheeler chassis, Exhaust systems & Mufflers, Fork & Handle bar assemblies, Petrol tanks, among numerous others.
Its advanced process engineering, manufacturing and testing facilities include :
Lumax Technologies is an ISO certified company - focus on customer satisfaction and quality leadership and are committed to achieve excellence in quality of our products and services. The dynamic management core at Lumax Technologies, through their insightfully crafted growth strategy is very keen on building a powerful bond with a wider client base in India, & would be delighted to serve you in their journey towards excellence.
Product range of the company includes:
Milestones:
Achievements/ recognition:
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