BSE:532796

Stock Analysis Report

Lumax Auto Technologies

Executive Summary

Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and trades in automotive components for the two, three, and four wheeler industries in India.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Lumax Auto Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

532796

3.2%

IN Auto Components

2.4%

IN Market


1 Year Return

-42.4%

532796

-20.6%

IN Auto Components

8.0%

IN Market

Return vs Industry: 532796 underperformed the Indian Auto Components industry which returned -20.6% over the past year.

Return vs Market: 532796 underperformed the Indian Market which returned 8% over the past year.


Shareholder returns

532796IndustryMarket
7 Day1.1%3.2%2.4%
30 Day-5.4%0.5%2.5%
90 Day11.4%2.4%3.6%
1 Year-40.4%-42.4%-19.8%-20.6%10.3%8.0%
3 Year-10.3%-15.1%-10.7%-12.8%22.3%16.0%
5 Year96.0%77.9%28.0%23.1%42.8%29.3%

Price Volatility Vs. Market

How volatile is Lumax Auto Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Lumax Auto Technologies undervalued compared to its fair value and its price relative to the market?

12.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532796 (₹89.1) is trading above our estimate of fair value (₹16.01)

Significantly Below Fair Value: 532796 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532796 is good value based on its PE Ratio (12x) compared to the Auto Components industry average (13.2x).

PE vs Market: 532796 is good value based on its PE Ratio (12x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532796's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532796 is good value based on its PB Ratio (1.3x) compared to the IN Auto Components industry average (1.3x).


Next Steps

Future Growth

How is Lumax Auto Technologies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

9.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 532796's forecast earnings growth is above the savings rate (7.6%).

Earnings vs Market: Insufficient data to determine if 532796's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 532796's revenue (9% per year) is forecast to grow slower than the Indian market (11.3% per year).

High Growth Revenue: 532796's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 532796's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Lumax Auto Technologies performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 532796's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: 532796's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532796 had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the Auto Components industry average (-4.6%).


Return on Equity

High ROE: 532796's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: 532796's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: 532796's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Lumax Auto Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: 532796's short term assets (₹4.7B) exceeds its short term liabilities (₹3.7B)

Long Term Liabilities: 532796's short term assets (4.7B) exceeds its long term liabilities (369.7M)


Debt to Equity History and Analysis

Debt Level: 532796's debt to equity ratio (13.1%) is considered satisfactory

Reducing Debt: 532796's debt to equity ratio has reduced from 23% to 13.1% over the past 5 years.

Debt Coverage: 532796's debt is well covered by operating cash flow (82.4%).

Interest Coverage: 532796's interest payments on its debt are well covered by EBIT (47x coverage).


Balance Sheet

Inventory Level: 532796 has a high level of physical assets or inventory.

Debt Coverage by Assets: 532796's debt is covered by short term assets (assets are 6.947260x debt).


Next Steps

Dividend

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

3.36%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%0.6%markettop25%2.4%industryaverage1.0%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 532796's dividend (3.36%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 532796's dividend (3.36%) is in the top 25% of dividend payers in the Indian market (2.41%)

Stable Dividend: 532796's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532796's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.4%), 532796's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Anmol Jain (40yo)

6.2yrs

Tenure

₹35,822,000

Compensation

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 and J ...


CEO Compensation Analysis

Compensation vs. Market: Anmol's total compensation ($USD505.85K) is about average for companies of similar size in the Indian market ($USD33.85K).

Compensation vs Earnings: Anmol's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

5.4yrs

Average Tenure

52yo

Average Age

Experienced Management: 532796's management team is seasoned and experienced (5.4 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

64yo

Average Age

Experienced Board: 532796's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 532796 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹207,76029 Aug 19
Deepak Jain
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,597
Max Price₹80.00
Buy₹774,08221 Jun 19
Deepak Jain
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares7,004
Max Price₹110.52
Buy₹560,34013 Jun 19
Dhanesh Jain
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares4,500
Max Price₹124.52
Buy₹127,08413 Jun 19
Deepak Jain
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares1,021
Max Price₹124.47
Buy₹6,798,27411 Jun 19
Deepak Jain
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares54,612
Max Price₹124.61
Buy₹849,47011 Jun 19
Anmol Jain
EntityIndividual
Role
Chief Executive Officer
MD & Executive Director
Shares6,814
Max Price₹124.72
Buy₹1,240,40007 Jun 19
Dhanesh Jain
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares10,000
Max Price₹124.04
Buy₹1,419,59507 Jun 19
Deepak Jain
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares11,412
Max Price₹124.40
Buy₹3,415,27307 Jun 19
Anmol Jain
EntityIndividual
Role
Chief Executive Officer
MD & Executive Director
Shares27,500
Max Price₹124.46
Buy₹3,240,79905 Jun 19
Anmol Jain
EntityIndividual
Role
Chief Executive Officer
MD & Executive Director
Shares26,085
Max Price₹124.24
Buy₹1,604,35404 Jun 19
Anmol Jain
EntityIndividual
Role
Chief Executive Officer
MD & Executive Director
Shares12,870
Max Price₹124.91

Ownership Breakdown


Management Team

  • Dhanesh Jain (77yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹32.62m
  • Anmol Jain (40yo)

    MD & Executive Director

    • Tenure: 6.2yrs
    • Compensation: ₹35.82m
  • Ashish Dubey (52yo)

    CFO & Head of Finance

    • Tenure: 5.4yrs
    • Compensation: ₹5.73m
  • Rajesh Dubbewar (52yo)

    Senior Vice President

    • Tenure: 0yrs
  • Sanjay Bhagat (54yo)

    Executive Vice President

    • Tenure: 0yrs
  • Anil Tyagi

    Company Secretary & Compliance Officer

    • Tenure: 0.4yrs
  • Sanjay Sachdev

    Group Company Secretary

    • Tenure: 0yrs

Board Members

  • Dhanesh Jain (77yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹32.62m
  • Avinash Gandhi (81yo)

    Additional Director

    • Tenure: 0.9yrs
    • Compensation: ₹300.00k
  • Arun Malhotra (61yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: ₹480.00k
  • Anmol Jain (40yo)

    MD & Executive Director

    • Tenure: 6.2yrs
    • Compensation: ₹35.82m
  • Sanjay Mehta (52yo)

    Non-Executive Director

    • Tenure: 1.8yrs
  • Deepak Jain (44yo)

    Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: ₹7.13m
  • Roop Salotra (68yo)

    Independent Non-Executive Director

    • Tenure: 6yrs
    • Compensation: ₹540.00k
  • Milap Jain (67yo)

    Independent Non-Executive Director

    • Tenure: 5.7yrs
    • Compensation: ₹520.00k
  • Diviya Chanana (46yo)

    Additional Independent Director

    • Tenure: 1.8yrs
    • Compensation: ₹222.00k
  • Kanchan Gandhi (74yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: ₹380.00k

Company Information

Lumax Auto Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lumax Auto Technologies Limited
  • Ticker: 532796
  • Exchange: BSE
  • Founded: 1981
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹6.097b
  • Shares outstanding: 68.16m
  • Website: https://www.lumaxworld.in/lumaxautotech

Number of Employees


Location

  • Lumax Auto Technologies Limited
  • Harbans Bhawan-II
  • 2nd Floor
  • New Delhi
  • Delhi
  • 110046
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532796BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2007
LUMAXTECHNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2007

Biography

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 intake systems, integra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:41
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.