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Lumax Industries

BSE:517206
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
517206
BSE
₹12B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Lumax Industries Limited manufactures and supplies auto components in India and internationally. The last earnings update was 43 days ago. More info.


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  • Lumax Industries has significant price volatility in the past 3 months.
517206 Share Price and Events
7 Day Returns
-4.3%
BSE:517206
0.3%
IN Auto Components
1%
IN Market
1 Year Returns
-37.5%
BSE:517206
-22.3%
IN Auto Components
1%
IN Market
517206 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lumax Industries (517206) -4.3% -11.6% -29.4% -37.5% 76.5% 291.2%
IN Auto Components 0.3% -4.9% -10.5% -22.3% 12.1% 53.4%
IN Market 1% -2.1% -0.7% 1% 30.4% 35.1%
1 Year Return vs Industry and Market
  • 517206 underperformed the Auto Components industry which returned -22.3% over the past year.
  • 517206 underperformed the Market in India which returned 1% over the past year.
Price Volatility
517206
Industry
5yr Volatility vs Market
Related Companies

517206 Value

 Is Lumax Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lumax Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lumax Industries.

BSE:517206 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:517206
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.205 (1 + (1- 35%) (11.86%))
1.199
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.199 * 8.6%)
17.86%

Discounted Cash Flow Calculation for BSE:517206 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lumax Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:517206 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.86%)
2019 604.08 Est @ 7.35% 512.52
2020 796.00 Analyst x1 572.99
2021 856.00 Analyst x1 522.79
2022 919.45 Est @ 7.41% 476.43
2023 987.98 Est @ 7.45% 434.35
2024 1,061.90 Est @ 7.48% 396.09
2025 1,141.58 Est @ 7.5% 361.27
2026 1,227.39 Est @ 7.52% 329.55
2027 1,319.77 Est @ 7.53% 300.65
2028 1,419.20 Est @ 7.53% 274.30
Present value of next 10 years cash flows ₹4,180.95
BSE:517206 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,419.20 × (1 + 7.55%) ÷ (17.86% – 7.55%)
₹14,798.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹14,798.55 ÷ (1 + 17.86%)10
₹2,860.23
BSE:517206 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,180.95 + ₹2,860.23
₹7,041.18
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹7,041.18 / 9.35
₹753.25
BSE:517206 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹753.25
Current discount Discount to share price of ₹1,246.30
= -1 x (₹1,246.30 - ₹753.25) / ₹753.25
-65.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Lumax Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lumax Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lumax Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:517206 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹111.04
BSE:517206 Share Price ** BSE (2019-06-26) in INR ₹1246.3
India Auto Components Industry PE Ratio Median Figure of 102 Publicly-Listed Auto Components Companies 14.97x
India Market PE Ratio Median Figure of 2,825 Publicly-Listed Companies 15.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lumax Industries.

BSE:517206 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:517206 Share Price ÷ EPS (both in INR)

= 1246.3 ÷ 111.04

11.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lumax Industries is good value based on earnings compared to the IN Auto Components industry average.
  • Lumax Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Lumax Industries's expected growth come at a high price?
Raw Data
BSE:517206 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-2.3%per year
India Auto Components Industry PEG Ratio Median Figure of 32 Publicly-Listed Auto Components Companies 1.24x
India Market PEG Ratio Median Figure of 523 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

BSE:517206 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.22x ÷ -2.3%

-4.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lumax Industries earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lumax Industries's assets?
Raw Data
BSE:517206 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹465.39
BSE:517206 Share Price * BSE (2019-06-26) in INR ₹1246.3
India Auto Components Industry PB Ratio Median Figure of 112 Publicly-Listed Auto Components Companies 1.63x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 0.96x
BSE:517206 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:517206 Share Price ÷ Book Value per Share (both in INR)

= 1246.3 ÷ 465.39

2.68x

* Primary Listing of Lumax Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lumax Industries is overvalued based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Lumax Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Lumax Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

517206 Future Performance

 How is Lumax Industries expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lumax Industries expected to grow at an attractive rate?
  • Lumax Industries's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Lumax Industries's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Lumax Industries's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:517206 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:517206 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -2.3%
BSE:517206 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.5%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.7%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:517206 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:517206 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 21,486 1,456 993 2
2020-03-31 19,533 1,396 933 2
BSE:517206 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 18,515 1,038
2018-12-31 20,040 1,073
2018-09-30 19,439 764
2018-06-30 18,057 762
2018-03-31 16,499 1,401 714
2017-12-31 14,955 628
2017-09-30 14,202 613
2017-06-30 13,453 575
2017-03-31 12,709 996 544
2016-12-31 12,370 602
2016-09-30 12,464 570
2016-06-30 12,407 521

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lumax Industries's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Lumax Industries's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:517206 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lumax Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:517206 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 106.20 106.20 106.20 1.00
2020-03-31 99.80 99.80 99.80 1.00
BSE:517206 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 111.04
2018-12-31 114.75
2018-09-30 81.69
2018-06-30 81.57
2018-03-31 76.34
2017-12-31 67.16
2017-09-30 65.56
2017-06-30 61.52
2017-03-31 58.16
2016-12-31 64.44
2016-09-30 60.98
2016-06-30 55.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lumax Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lumax Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lumax Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

517206 Past Performance

  How has Lumax Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lumax Industries's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lumax Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Lumax Industries's 1-year earnings growth exceeds its 5-year average (45.4% vs 36.2%)
  • Lumax Industries's earnings growth has exceeded the IN Auto Components industry average in the past year (45.4% vs 5.5%).
Earnings and Revenue History
Lumax Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lumax Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:517206 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 18,514.50 1,037.94 2,179.95
2018-12-31 20,039.86 1,072.72 2,206.42
2018-09-30 19,438.71 763.62 2,127.38
2018-06-30 18,056.92 762.49 2,025.63
2018-03-31 16,499.22 713.62 1,921.56
2017-12-31 14,955.00 627.80 1,805.96
2017-09-30 14,201.89 612.84 1,733.54
2017-06-30 13,453.05 575.11 1,663.00
2017-03-31 12,709.23 543.71 1,625.68
2016-12-31 12,370.48 602.31 1,580.35
2016-09-30 12,464.31 570.00 1,542.72
2016-06-30 12,406.88 520.66 1,475.32
2016-03-31 12,551.75 520.26 1,443.17
2015-12-31 12,423.61 294.68 1,854.15
2015-09-30 12,030.39 250.55 1,797.95
2015-06-30 11,855.35 229.62 1,764.56
2015-03-31 11,425.59 165.73 1,707.64
2014-12-31 11,297.05 190.52 1,671.79
2014-09-30 11,457.95 170.54 1,635.59
2014-06-30 11,198.07 120.46 1,600.71
2014-03-31 11,166.98 76.99 1,568.32
2013-12-31 11,051.05 78.90 1,515.16
2013-09-30 10,760.50 105.22 1,483.52
2013-06-30 10,692.46 126.28 1,448.40
2013-03-31 10,702.06 135.85 1,423.45
2012-12-31 10,771.82 132.60 1,300.63
2012-09-30 10,481.35 105.06 1,259.08
2012-06-30 10,232.70 93.75 1,214.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lumax Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Lumax Industries used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Lumax Industries has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lumax Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lumax Industries has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

517206 Health

 How is Lumax Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lumax Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lumax Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lumax Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lumax Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lumax Industries Company Filings, last reported 2 months ago.

BSE:517206 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,348.97 1,379.00 130.07
2018-12-31 3,736.22 1,178.05 276.63
2018-09-30 3,736.22 1,178.05 276.63
2018-06-30 3,619.98 1,040.47 31.09
2018-03-31 3,619.98 1,040.47 31.09
2017-12-31 3,281.29 843.77 169.87
2017-09-30 3,281.29 843.77 169.87
2017-06-30 3,235.86 826.60 14.68
2017-03-31 3,091.19 924.03 9.03
2016-12-31 2,994.39 1,192.52 238.81
2016-09-30 2,994.39 1,192.52 238.81
2016-06-30 2,683.67 1,273.06 35.54
2016-03-31 2,683.67 1,273.06 35.54
2015-12-31 1,991.62 805.11 111.96
2015-09-30 1,991.62 805.11 111.96
2015-06-30 1,803.05 1,594.71 191.11
2015-03-31 1,803.05 1,594.71 191.11
2014-12-31 1,820.98 916.42 114.00
2014-09-30 1,820.98 916.42 114.00
2014-06-30 1,732.80 1,579.13 160.41
2014-03-31 1,732.80 1,579.13 160.41
2013-12-31 1,704.43 1,381.82 332.05
2013-09-30 1,704.43 1,381.82 332.05
2013-06-30 1,694.39 1,756.67 283.34
2013-03-31 1,694.39 1,756.67 283.34
2012-12-31 1,648.74 1,558.99 333.59
2012-09-30 1,648.74 1,558.99 333.59
2012-06-30 1,608.07 1,809.61 309.05
  • Lumax Industries's level of debt (31.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (91.1% vs 31.7% today).
  • Debt is well covered by operating cash flow (101.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Lumax Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lumax Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

517206 Dividends

 What is Lumax Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.01%
Current annual income from Lumax Industries dividends. Estimated to be 0.18% next year.
If you bought ₹2,000 of Lumax Industries shares you are expected to receive ₹40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lumax Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Lumax Industries's dividend is below the markets top 25% of dividend payers in India (2.08%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:517206 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:517206 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.30 1.00
2020-03-31 2.20 1.00
BSE:517206 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-14 25.000 1.808
2018-06-26 23.000 1.293
2018-05-28 23.000 1.051
2017-05-15 14.500 0.842
2016-05-12 12.000 1.436
2016-03-14 12.000 2.760
2015-05-25 5.500 1.378
2014-07-30 3.500 0.936
2014-05-30 3.500 1.072
2013-07-15 4.500 1.379
2013-05-27 4.500 1.328
2012-07-18 6.000 1.611
2012-05-30 6.000 1.578
2011-05-27 6.000 1.645
2010-06-22 3.000 0.945
2010-05-24 3.000 1.480
2009-06-30 1.000 0.615

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lumax Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Lumax Industries's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Lumax Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lumax Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lumax Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

517206 Management

 What is the CEO of Lumax Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Deepak Jain
COMPENSATION ₹45,587,801
AGE 43
TENURE AS CEO 5.8 years
CEO Bio

Mr. Deepak Jain has been Managing Director of Lumax Industries Limited since August 6, 2013. Mr. Jain has been Chairman of the Board of Lumax Industries Limited since April 1, 2018. He was its Senior Executive Director of Lumax Industries Limited since February 1, 2001. He has experience of more than 20 years in the automotive industry. In his early days in the automotive industry, he has undergone extensive training at Stanley Co. Limited, USA & Stanley Electric Co. Limited, Japan. His exceptional management skills and strategic vision has helped the DK Jain group grow in newer markets. He is actively involved in ACMA and is the current Regional Chairman - North - ACMA and has held various industry positions National Coordinator of Young Business Leader Forum of ACMA, President of Supplier’s club, Honda Cars India Limited, Co-Chairman of Northern Region of ACMA & Vice President of Toyota Kirloskar Supplier’s Association. He is also Member of Young President Organisation and Entrepreneurs’’ Organisation. Mr. Jain holds B.B.A from Illinois Institute of Technology, USA with specialization in Operations Management & International Business.

CEO Compensation
  • Deepak's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Deepak's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Lumax Industries management team in years:

2.7
Average Tenure
53
Average Age
  • The tenure for the Lumax Industries management team is about average.
Management Team

Deepak Jain

TITLE
Chairman & MD
COMPENSATION
₹46M
AGE
43
TENURE
5.8 yrs

Anmol Jain

TITLE
Joint MD & Director
COMPENSATION
₹24M
AGE
39
TENURE
4.8 yrs

Dhanesh Jain

TITLE
Chairman Emeritus & Chief Mentor
COMPENSATION
₹10M
AGE
76
TENURE
1.2 yrs

Shrutikant Rustagi

TITLE
Chief Financial Officer
COMPENSATION
₹6M
AGE
48
TENURE
4.1 yrs

Ankita Gupta

TITLE
Secretary & Compliance Officer
COMPENSATION
₹292K
TENURE
1.3 yrs

Koji Sawada

TITLE
Executive Director
COMPENSATION
₹2M
AGE
55

Tadayoshi Aoki

TITLE
Senior Executive Director
COMPENSATION
₹494K
AGE
52

Vineet Sahni

TITLE
CEO & Senior Executive Director
AGE
53
TENURE
1.2 yrs

Naval Khanna

TITLE
Head of Corporate Banking & Taxation
COMPENSATION
₹3M
AGE
60

A. Chaturvedi

TITLE
Director of Operations - WR
COMPENSATION
₹3M
AGE
68
Board of Directors Tenure

Average tenure and age of the Lumax Industries board of directors in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Lumax Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Deepak Jain

TITLE
Chairman & MD
COMPENSATION
₹46M
AGE
43
TENURE
1.2 yrs

Anmol Jain

TITLE
Joint MD & Director
COMPENSATION
₹24M
AGE
39

Dhanesh Jain

TITLE
Chairman Emeritus & Chief Mentor
COMPENSATION
₹10M
AGE
76
TENURE
1.2 yrs

Koji Sawada

TITLE
Executive Director
COMPENSATION
₹2M
AGE
55
TENURE
2.8 yrs

Tadayoshi Aoki

TITLE
Senior Executive Director
COMPENSATION
₹494K
AGE
52
TENURE
1.3 yrs

Vineet Sahni

TITLE
CEO & Senior Executive Director
AGE
53
TENURE
1.2 yrs

Avinash Gandhi

TITLE
Independent Director
COMPENSATION
₹460K
AGE
80

M. Gupta

TITLE
Independent Director
COMPENSATION
₹400K
AGE
80

Rattan Kapur

TITLE
Independent Director
COMPENSATION
₹360K
TENURE
9.1 yrs

Dhiraj Gupta

TITLE
Independent Director
COMPENSATION
₹400K
AGE
68
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
03. Jul 18 Buy Lumax Finance Private Limited, Asset Management Arm Company 27. Jun 18 27. Jun 18 2,000 ₹2,128.24 ₹4,256,480
04. Jul 18 Buy Lumax Finance Private Limited, Asset Management Arm Company 28. Jun 18 28. Jun 18 4,302 ₹2,064.71 ₹8,882,382
X
Management checks
We assess Lumax Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lumax Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

517206 News

Simply Wall St News

Is Lumax Industries Limited (BOM:517206) A Sell At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Lumax Industries Limited (BOM:517206). … Lumax Industries Limited (BOM:517206) is trading with a trailing P/E of 28.4x, which is higher than the industry average of 24.6x. … While 517206 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

517206 Company Info

Description

Lumax Industries Limited manufactures and supplies auto components in India and internationally. It primarily provides automotive lighting equipment, including head, rear, tail, and sundry and auxiliary lamps, as well as other related products and accessories. The company’s products are used in four and two wheelers, trucks, buses, earth-movers, and tractors, as well as various other applications. It serves various original equipment manufacturers. The company was founded in 1945 and is based in New Delhi, India.

Details
Name: Lumax Industries Limited
517206
Exchange: BSE
Founded: 1945
₹11,628,578,608
9,347,732
Website: http://www.lumaxworld.in/lumaxindustries/index.html
Address: Lumax Industries Limited
Harbans Bhawan – II,
2nd Floor,
New Delhi,
Delhi, 110046,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 517206 Equity Shares Mumbai Stock Exchange IN INR 27. Mar 1995
NSEI LUMAXIND Equity Shares National Stock Exchange of India IN INR 27. Mar 1995
Number of employees
Current staff
Staff numbers
2,252
Lumax Industries employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:40
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.