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Lumax Auto Technologies

BSE:532796
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532796
BSE
₹9B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and trades in automotive components for the two, three, and four wheeler industries in India. The last earnings update was 40 days ago. More info.


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  • Lumax Auto Technologies has significant price volatility in the past 3 months.
532796 Share Price and Events
7 Day Returns
-12.4%
BSE:532796
-2.6%
IN Auto Components
0.4%
IN Market
1 Year Returns
-14.9%
BSE:532796
-14.7%
IN Auto Components
2%
IN Market
532796 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lumax Auto Technologies (532796) -12.4% -0% -27.3% -14.9% 138.4% 561.1%
IN Auto Components -2.6% 9.6% -7% -14.7% 34.8% 155.8%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • 532796 underperformed the Market in India which returned 2% over the past year.
Price Volatility
532796
Industry
5yr Volatility vs Market

Value

 Is Lumax Auto Technologies 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 Auto Technologies 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 Auto Technologies.

BSE:532796 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
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:532796
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 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.142 (1 + (1- 35%) (3.53%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.113 * 8.6%)
17.12%

Discounted Cash Flow Calculation for BSE:532796 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lumax Auto Technologies 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:532796 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.12%)
2019 542.34 Est @ 10.06% 463.06
2020 592.82 Est @ 9.31% 432.17
2021 856.00 Analyst x1 532.81
2022 931.15 Est @ 8.78% 494.86
2023 1,009.47 Est @ 8.41% 458.06
2024 1,091.77 Est @ 8.15% 422.99
2025 1,178.80 Est @ 7.97% 389.94
2026 1,271.28 Est @ 7.85% 359.06
2027 1,369.89 Est @ 7.76% 330.35
2028 1,475.30 Est @ 7.69% 303.77
Present value of next 10 years cash flows ₹4,187.08
BSE:532796 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,475.30 × (1 + 7.55%) ÷ (17.12% – 7.55%)
₹16,578.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹16,578.41 ÷ (1 + 17.12%)10
₹3,413.52
BSE:532796 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,187.08 + ₹3,413.52
₹7,600.61
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹7,600.61 / 68.16
₹111.51
BSE:532796 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:532796 represents 1.01131x of NSEI:LUMAXTECH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01131x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 111.51 x 1.01131
₹112.78
Value per share (INR) From above. ₹112.78
Current discount Discount to share price of ₹138.70
= -1 x (₹138.70 - ₹112.78) / ₹112.78
-23%

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

  • The current share price of Lumax Auto Technologies 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 Auto Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lumax Auto Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532796 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹9.81
NSEI:LUMAXTECH Share Price ** NSEI (2019-03-20) in INR ₹137.15
India Auto Components Industry PE Ratio Median Figure of 99 Publicly-Listed Auto Components Companies 16.43x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

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

** Primary Listing of Lumax Auto Technologies.

BSE:532796 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:LUMAXTECH Share Price ÷ EPS (both in INR)

= 137.15 ÷ 9.81

13.98x

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

  • Lumax Auto Technologies is good value based on earnings compared to the IN Auto Components industry average.
  • Lumax Auto Technologies is good value based on earnings compared to the India market.
Price based on expected Growth
Does Lumax Auto Technologies's expected growth come at a high price?
Raw Data
BSE:532796 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14%per year
India Auto Components Industry PEG Ratio Median Figure of 37 Publicly-Listed Auto Components Companies 1.27x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:532796 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.98x ÷ 14%

1x

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

  • Lumax Auto Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Lumax Auto Technologies's assets?
Raw Data
BSE:532796 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹67.21
NSEI:LUMAXTECH Share Price * NSEI (2019-03-20) in INR ₹137.15
India Auto Components Industry PB Ratio Median Figure of 110 Publicly-Listed Auto Components Companies 2.05x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:532796 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:LUMAXTECH Share Price ÷ Book Value per Share (both in INR)

= 137.15 ÷ 67.21

2.04x

* Primary Listing of Lumax Auto Technologies.

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

  • Lumax Auto Technologies is good value based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Lumax Auto Technologies'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 Auto Technologies has a total score of 4/6, 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.

Future Performance

 How is Lumax Auto Technologies expected to perform in the next 1 to 3 years based on estimates from 3 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
14%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lumax Auto Technologies expected to grow at an attractive rate?
  • Lumax Auto Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Lumax Auto Technologies's earnings growth is positive but not above the India market average.
  • Lumax Auto Technologies's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532796 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532796 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14%
BSE:532796 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.9%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 17%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*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:532796 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532796 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 17,045 1,275 948 2
2020-03-31 15,416 1,144 831 3
2019-03-31 14,127 1,056 756 2
BSE:532796 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 13,523 669
2018-09-30 13,096 625
2018-06-30 12,094 576
2018-03-31 11,115 953 487
2017-12-31 10,502 419
2017-09-30 9,931 331
2017-06-30 9,837 315
2017-03-31 9,654 639 345
2016-12-31 10,207 335
2016-09-30 10,077 363
2016-06-30 9,645 350
2016-03-31 9,051 491 318

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lumax Auto Technologies's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
  • Lumax Auto Technologies's revenue is expected to grow by 9.9% 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:532796 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 3 Analyst Estimates (S&P Global) See Below

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

BSE:532796 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 13.90 13.90 13.90 1.00
2020-03-31 12.20 12.40 12.00 2.00
2019-03-31 11.10 11.10 11.10 1.00
BSE:532796 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 9.81
2018-09-30 9.18
2018-06-30 8.46
2018-03-31 7.15
2017-12-31 6.15
2017-09-30 4.86
2017-06-30 4.63
2017-03-31 5.06
2016-12-31 4.91
2016-09-30 5.33
2016-06-30 5.13
2016-03-31 4.66

*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 Auto Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lumax Auto Technologies'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 Auto Technologies has a total score of 1/6, 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.

Past Performance

  How has Lumax Auto Technologies 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 Auto Technologies'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 Auto Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Lumax Auto Technologies's 1-year earnings growth exceeds its 5-year average (59.6% vs 8.9%)
  • Lumax Auto Technologies's earnings growth has exceeded the IN Auto Components industry average in the past year (59.6% vs 26.1%).
Earnings and Revenue History
Lumax Auto Technologies'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 Auto Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532796 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,523.48 668.93 1,422.07
2018-09-30 13,095.52 625.43 1,339.82
2018-06-30 12,094.29 576.34 1,236.86
2018-03-31 11,114.71 487.44 1,153.58
2017-12-31 10,502.22 419.07 1,082.47 19.71
2017-09-30 9,931.21 331.15 1,042.18 19.71
2017-06-30 9,837.25 315.32 968.48
2017-03-31 9,654.18 344.98 1,003.96
2016-12-31 10,206.80 335.00 958.68 20.21
2016-09-30 10,077.14 362.99 916.13 20.21
2016-06-30 9,645.04 349.88 861.41 20.21
2016-03-31 9,051.46 317.66 816.22 20.21
2015-12-31 8,735.08 308.62 1,080.63 18.77
2015-09-30 8,649.59 316.21 1,054.53 18.77
2015-06-30 8,578.14 298.13 717.10
2015-03-31 8,386.32 449.79 705.67 16.57
2014-12-31 8,274.98 491.67 918.28 24.03
2014-09-30 8,110.92 477.29 902.61 24.03
2014-06-30 7,742.65 455.87 870.24 24.03
2014-03-31 7,631.93 302.13 853.58 25.58
2013-12-31 7,630.03 289.52 781.76 19.57
2013-09-30 7,636.80 330.57 750.04 19.57
2013-06-30 7,598.03 348.57 716.43 19.57
2013-03-31 7,663.04 410.66 701.87 19.57
2012-12-31 7,662.87 456.55 676.71 19.25
2012-09-30 7,515.07 471.01 653.10 19.25
2012-06-30 7,570.20 515.38 434.36
2012-03-31 7,503.00 507.27 596.61 18.50

*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 Auto Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lumax Auto Technologies used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Lumax Auto Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lumax Auto Technologies'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 Auto Technologies has a total score of 4/6, 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.

Health

 How is Lumax Auto Technologies'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 Auto Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lumax Auto Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lumax Auto Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lumax Auto Technologies'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 15.9x 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 Auto Technologies Company Filings, last reported 2 months ago.

BSE:532796 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,955.36 329.97 426.42
2018-09-30 4,955.36 329.97 426.42
2018-06-30 4,814.69 107.78 533.70
2018-03-31 4,814.69 107.78 533.70
2017-12-31 4,035.04 155.79 379.17
2017-09-30 4,035.04 155.79 379.17
2017-06-30 3,279.38 254.38 411.85
2017-03-31 3,933.69 352.21 401.55
2016-12-31 3,146.42 195.35 163.64
2016-09-30 3,146.42 195.35 163.64
2016-06-30 2,891.09 377.21 125.61
2016-03-31 2,891.09 377.21 125.61
2015-12-31 2,833.62 254.83 230.37
2015-09-30 2,833.62 254.83 230.37
2015-06-30 2,632.70 276.77 195.37
2015-03-31 2,632.70 430.67 195.37
2014-12-31 2,607.08 321.02 288.15
2014-09-30 2,607.08 321.02 288.15
2014-06-30 2,259.51 523.49 139.34
2014-03-31 2,259.51 523.49 139.34
2013-12-31 2,261.18 569.00 274.35
2013-09-30 2,261.18 569.00 274.35
2013-06-30 2,112.95 274.12 98.04
2013-03-31 2,112.95 274.12 98.04
2012-12-31 2,052.78 15.00 129.92
2012-09-30 2,052.78 15.00 129.92
2012-06-30 1,827.66 14.40 386.22
2012-03-31 1,827.66 23.74 386.22
  • Lumax Auto Technologies's level of debt (6.7%) 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 (25.1% vs 6.7% today).
  • Debt is well covered by operating cash flow (288.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.3x coverage).
X
Financial health checks
We assess Lumax Auto Technologies'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 Auto Technologies has a total score of 6/6, 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.

Dividends

 What is Lumax Auto Technologies'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
1.46%
Current annual income from Lumax Auto Technologies dividends.
If you bought ₹2,000 of Lumax Auto Technologies shares you are expected to receive ₹29 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 Auto Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Lumax Auto Technologies's dividend is below the markets top 25% of dividend payers in India (1.92%).
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:532796 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 3 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 76 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 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 1.9%

Industry and Market average data is calculated daily.

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

BSE:532796 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
BSE:532796 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-25 2.000 1.167
2018-05-28 2.000 1.357
2017-08-21 0.940 0.675
2016-03-14 0.940 1.129
2015-08-03 1.400 2.335
2015-05-26 1.400 2.858
2014-07-01 1.200 2.336
2014-05-30 1.200 3.653
2013-07-31 1.200 5.873
2013-06-03 1.200 5.398
2012-08-27 1.200 4.088
2011-08-02 1.200 3.956
2011-05-30 1.200 3.450
2010-09-06 1.200 3.664
2010-05-24 1.200 5.105
2009-10-30 0.400 2.253
2009-07-01 0.300 4.051
2009-06-01 0.300 5.388
2009-03-23 0.300 7.361

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 Auto Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lumax Auto Technologies'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 Auto Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lumax Auto Technologies 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.

Management

 What is the CEO of Lumax Auto Technologies'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
Anmol Jain
COMPENSATION ₹22,959,000
AGE 39
TENURE AS CEO 5.6 years
CEO Bio

Mr. Anmol Jain, BBA has been the Managing Director of Lumax Auto Technologies Limited since August 7, 2013. Mr. Jain has been Joint Managing Director of Lumax Industries Limited since August 13, 2014. Mr. Jain served as Vice President of Lumax GHSP Industries Ltd. Mr. Jain has been an Executive Director of Lumax Auto Technologies Limited since August 7, 2013. He has been Director of Lumax DK Auto Industries Ltd. since June 28, 2004. Mr. Jain serves as Director of Lumax Industries Limited and served as its Senior Executive Director. He served as a Non-Executive Director of Lumax Auto Technologies Ltd. from April 3, 2004 to August 7, 2013. He holds BBA from Michigan State University, U.S.A.

CEO Compensation
  • Anmol's compensation has increased by more than 20% in the past year.
  • Anmol's remuneration is higher than average for companies of similar size in India.
Management Team

Dhanesh Jain

TITLE
Executive Chairman
COMPENSATION
₹21M
AGE
76

Anmol Jain

TITLE
MD & Executive Director
COMPENSATION
₹23M
AGE
39
TENURE
5.6 yrs

Ashish Dubey

TITLE
CFO & Head of Finance
COMPENSATION
₹5M
AGE
51
TENURE
4.8 yrs

Rajesh Dubbewar

TITLE
Head of Metallic

B. Bhadauriya

TITLE
Group Company Secretary
Board of Directors Tenure

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

1.3
Average Tenure
58.5
Average Age
  • The average tenure for the Lumax Auto Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anmol Jain

TITLE
MD & Executive Director
COMPENSATION
₹23M
AGE
39
TENURE
5.6 yrs

Deepak Jain

TITLE
Non-Executive Director
COMPENSATION
₹5M
AGE
43
TENURE
5.6 yrs

Dhanesh Jain

TITLE
Executive Chairman
COMPENSATION
₹21M
AGE
76

Milap Jain

TITLE
Independent Non-Executive Director
COMPENSATION
₹240K
AGE
66
TENURE
5.1 yrs

Sanjay Mehta

TITLE
Non-Executive Director
AGE
51
TENURE
1.3 yrs

Roop Salotra

TITLE
Independent Non-Executive Director
COMPENSATION
₹200K
AGE
67
TENURE
5.4 yrs

Diviya Chanana

TITLE
Additional Independent Director
COMPENSATION
₹60K
AGE
45
TENURE
1.3 yrs

Arun Malhotra

TITLE
Independent Director
TENURE
0.7 yrs

K. Gandhi

TITLE
Independent Director
TENURE
0.7 yrs

Avinash Gandhi

TITLE
Additional Director
AGE
80
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Lumax Auto Technologies'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 Auto Technologies 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.

News

Simply Wall St News

Company Info

Description

Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and trades in automotive components for the two, three, and four wheeler industries in India. It offers two wheeler chassis and lighting products; integrated plastic modules; gear shifters; intake systems; seat structures and mechanisms; oxygen sensors; and telematics products and services, as well as aftermarket products. The company also provides electrical and electronics components; and aerospace and defense engineering services. It serves original equipment manufacturers and automotive companies. The company 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 founded in 1981 and is based in New Delhi, India.

Details
Name: Lumax Auto Technologies Limited
532796
Exchange: BSE
Founded: 1981
₹9,347,829,240
68,157,705
Website: http://www.lumaxautotech.com
Address: Lumax Auto Technologies Limited
Harbhans Bhavan II,
2nd Floor,
New Delhi,
Delhi, 110046,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI LUMAXTECH Equity Shares National Stock Exchange of India IN INR 16. Jan 2007
BSE 532796 Equity Shares Mumbai Stock Exchange IN INR 16. Jan 2007
Number of employees
Current staff
Staff numbers
3,500
Lumax Auto Technologies employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:43
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.