Lumax Auto Technologies Ltd - Stock Valuation and Financial Performance

BSE: 532796 | NSE: LUMAXTECH | Auto Ancillary | Small Cap

Lumax Auto Tech Share Price

616 -16.95 -2.68%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Lumax Auto Tech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

umax Auto Technologies stock performance -

mw4me loader
P/E Ratio (SA):
42.85
Market Cap:
4,198.5 Cr.
52-wk low:
363.1
52-wk high:
652

Is Lumax Auto Technologies Ltd an attractive stock to invest in?

1. Is Lumax Auto Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lumax Auto Technologies Ltd is a good quality company.

2. Is Lumax Auto Technologies Ltd undervalued or overvalued?

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.

3. Is Lumax Auto Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Lumax Auto Technologies Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Lumax Auto Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lumax Auto Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 31.2%18.7%5.6%17.7%24.9%16%12.6%14.6%14.3%15.3%-
Value Creation
Index
1.20.3-0.60.30.80.1-0.10.00.00.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5245624815961,1299429031,1961,3221,3351,413
Sales YoY Gr.-7.2%-14.5%24%89.5%-16.5%-4.2%32.5%10.5%1%-
Adj EPS 2.32.81.14.58.78.868.211.313.514.4
YoY Gr.-23.5%-60.9%307.2%92.9%0.5%-32.1%37.5%38.5%19.2%-
BVPS (₹) 18.220.128.637.965.460.871.670.985.598.8100.4
Adj Net
Profit
15.719.47.630.859.459.740.655.877.29298
Cash Flow from Ops. 27.42818.751.252.24580.950.68852.6-
Debt/CF from Ops. 1.51.21.8011.50.41.92.97-

CAGR

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%
BVPS20.7%8.6%11.3%15.6%
Share Price 26.8% 44.3% 59.2% 60.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.814.94.613.616.913.9911.514.514.614.4
Op. Profit
Mgn %
6.76.24.97.48.47.37.37.48.18.59.2
Net Profit
Mgn %
33.51.65.25.36.34.54.75.86.96.9
Debt to
Equity
0.30.20.200.10.20.10.20.40.60.1
Working Cap
Days
8782961068911110492909367
Cash Conv.
Cycle
234372423182025-2

Recent Performance Summary

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

Latest Financials - Lumax Auto Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 14.4 22.8
TTM Sales (₹ Cr.) 1,413 3,088
BVPS (₹.) 100.4 122.5
Reserves (₹ Cr.) 699 822
P/BV 6.14 5.03
PE 42.85 27.05
From the Market
52 Week Low / High (₹) 363.05 / 652.00
All Time Low / High (₹) 3.02 / 652.00
Market Cap (₹ Cr.) 4,199
Equity (₹ Cr.) 13.6
Face Value (₹) 2
Industry PE 50.3

Management X-Ray of Lumax Auto Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Lumax Auto Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5245624815961,1299429031,1961,3221,335
Operating Expenses 4895274575521,0348748371,1081,2141,221
Manufacturing Costs38434149858980111145124
Material Costs389409340410786645631835886894
Employee Cost 435052571059696118135153
Other Costs 19252437584430444949
Operating Profit 3535244495686688107114
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 28415233722213463
Interest 544357771130
Depreciation 10121313242725273133
Exceptional Items 240-3-2000-2-90
Profit Before Tax 45278419071567490114
Tax 137211301114191621
Profit After Tax 3220529606042557493
PAT Margin (%) 6.1%3.5%1.1%4.9%5.3%6.3%4.7%4.6%5.6%6.9%
Adjusted EPS (₹)4.72.90.84.38.78.76.28.010.813.6
Dividend Payout Ratio (%)30%33%119%47%34%34%49%44%42%40%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 124137195258446414488483583674
Share Capital 14141414141414141414
Reserves 110123181245432401474470569660
Minority Interest0000000000
Debt282021050653595257341
Long Term Debt2613100000123100
Short Term Debt2620050653595134241
Trade Payables8210788188189123162177163183
Others Liabilities 444250617789106132127137
Total Liabilities 2783053545087636917918881,1301,334

Fixed Assets

Gross Block154166185216353397417458503515
Accumulated Depreciation41506375148171193221235262
Net Fixed Assets113116122140205226223237268254
CWIP 0363215923
Investments 282988131191142219200470685
Inventories29312643334045635062
Trade Receivables759688167227165180208199253
Cash Equivalents 109138387664865813
Others Assets22221117674154858364
Total Assets 2783053545087636917918881,1301,334

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 27281951524581518853
PBT 45278419071567490114
Adjustment -910167192118181110
Changes in Working Capital 1-1-214-27-3320-214-57
Tax Paid -10-8-3-11-29-13-13-21-17-14
Cash Flow From Investing Activity 0-10-18-14-845-64-72-220-93
Capex -22-16-12-22-3615-20-32-41-18
Net Investments 220-70-16-13-45-433-19
Others 0619-32312-181-57
Cash Flow From Financing Activity -27-214-4231-33-462713044
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -13-12-13-1300001302
Interest Paid -5-4-4-3-3-7-7-7-10-30
Dividend Paid -10-80-6-14-40-7-20-24-31
Others 0420-204815-325434102
Net Cash Flow 0-25-4017-305-23
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)28.22153.2512.8916.9213.849.3311.2913.7914.75
ROCE (%)31.2318.745.5617.7124.9415.9912.5514.6114.2815.31
Asset Turnover Ratio1.972.091.581.411.781.31.241.451.311.08
PAT to CFO Conversion(x)0.841.43.81.760.870.751.930.931.190.57
Working Capital Days
Receivable Days54516476647668585662
Inventory Days17182021121417161615
Payable Days8785105123888882747071

Lumax Auto Technologies Ltd Stock News

Lumax Auto Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lumax Auto Tech on 20-Dec-2024 16:59 is ₹616.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Lumax Auto Tech stood at ₹4,198.5.
The latest P/E ratio of Lumax Auto Tech as of 20-Dec-2024 16:59 is 42.85.
The latest P/B ratio of Lumax Auto Tech as of 20-Dec-2024 16:59 is 6.14.
The 52-week high of Lumax Auto Tech is ₹652.0 and the 52-week low is ₹363.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lumax Auto Tech is ₹1,413 ( Cr.) .

About Lumax Auto Technologies Ltd

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 :

  •  A well-equipped tool development setup. 
  •  Robotic welding lines and SPMs.
  •  Paint shops for internal heat resistance painting, powder coating and external painting. 
  •  Excellent capability for maintenance of jigs & fixtures 

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:

  • Chasis- For motorcycles & scooterette
  • Exhaust system- For scooter & scooterette
  • Petrol tanks- For scooter & scooterette
  • Gear shift lever
  • Sheet metal & Tubular Welded Parts- For handle bar Assey,Side Stand,Main stand,Footrest Assey,Fork Assey, Number Plate.
  • Parking Brake

Milestones:

  • 1981 -A Private Limited Company was established in the name of Lumax Auto Electricals Pvt. Ltd. to manufacture and supply Automotive components at Bhosari. 
  • 1988 -Second Unit was started at Waluj, Aurangabad for supplying auto parts to Bajaj Auto Ltd. - Aurangabad.
  • 1988 -Name changed from Lumax Auto Electricals Private Limited to Dhanesh Auto Electricals Private Limited.
  • 1993 -R & D centre established at Chinchwad, Pune to cater to the development requirement for the new business.
  • 1995 -Third Unit started at Chakan, Pune for further major diversification for manufacturing of exhaust systems and fuel tanks for two wheelers.
  • 1997 - Fourth Unit started at Waluj, Aurangabad for the production of motorcycle chassis for Bajaj Auto Limited.
  • 1998 - Company became deemed Public Limited and name changed to Dhanesh Auto Electricals Limited.
  • 2000 -Bajaj Auto Limited selected the company as a cluster member for T.P.M. Activities.
  • 2002 - Started Lighting Division at Chakan.
  • 2004 - Received ISO Certificate for Chakan Unit.
  • 2005 - Received ISO Certificate for Bhosari Unit.
  • 2006 -LDK became our 100% subsidiary.Name of the Company was changed to LATL.
  • 2007 - Started PCMA, Bhosari, Pune Plant 

Achievements/ recognition:

  • LATL is an ISO 9001 : 2000 Company.

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