Key Takeaways Strong positioning in electric and alternate fuel components, coupled with localization and advanced manufacturing, supports long-term growth and margin expansion. Diversification across products and customers, along with a strategic aftermarket push, stabilizes revenues and boosts higher-margin, non-cyclical income streams.Read more
Key Takeaways Aggressive expansion in premium segments, automation, and system-level solutions could drive structurally higher margins and significant competitive gains in alternate fuel and electrification technologies. Diversification via aftermarket and mechatronics divisions enhances growth resilience and positions Lumax for strong, compounding earnings and improved revenue stability.Read more
Key Takeaways The company faces major revenue threats from electrification, customer concentration, and limited export strategy amid rising input costs and industry consolidation. Sustained innovation demands and regulatory compliance risks could compress margins and restrict long-term earnings amidst technological disruption and environmental shifts.Read more
High growth potential with solid track record and pays a dividend.
Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells automotive components in India. The company offers advanced plastics, such as cockpit and consoles, door panels, air intake systems, urea and plastic fuel tanks, headliners, trims, louvers, head lamps, tail lamps, and front and rear fenders; mechatronics, including power window switches, oxygen sensors, telematics control units, shark fin antennas, telematics antennas, LF antennas, and throttle position sensors; structures and control systems comprising gear shifter, control housing, monostable e-shifter, frames, swing arms, and seating structure; aftermarket products, such as lighting, horns, wiper blades, filters, engine oils and lubricants, car care products, gear knob, mirrors, and door visor; and alternate fuels consists of pre-bend tubes, electronic pressure regulator, CNG manifold, NGV filling valve, H2 receptacle, CNG cylinder and cylinder valve, H2 re-fueling panel, and safety kit. It also sells various automotive parts and components, as well as moulds and tools for PV, CV and two/three-wheelers. The company serves two, three, and four-wheeler commercial vehicles; and original equipment manufacturers. It also exports its products. The company was formerly known as Dhanesh Auto Electricals Limited and changed its name to Lumax Auto Technologies Limited in 2006. Lumax Auto Technologies Limited was incorporated in 1981 and is based in Gurugram, India.
