Lumax Auto Technologies Limited

NSEI:LUMAXTECH Stock Report

Market Cap: ₹106.9b

Lumax Auto Technologies Past Earnings Performance

Past criteria checks 6/6

Lumax Auto Technologies has been growing earnings at an average annual rate of 30.4%, while the Auto Components industry saw earnings growing at 17.1% annually. Revenues have been growing at an average rate of 28% per year. Lumax Auto Technologies's return on equity is 22.8%, and it has net margins of 5.7%.

Key information

30.37%

Earnings growth rate

30.36%

EPS growth rate

Auto Components Industry Growth16.66%
Revenue growth rate27.98%
Return on equity22.84%
Net Margin5.73%
Next Earnings Update10 Aug 2026

Recent past performance updates

Recent updates

Narrative Update Jun 14

LUMAXTECH: Future JV Moves And Higher P/E May Unlock Upside

Analysts have raised their price target for Lumax Auto Technologies from ₹767 to ₹1,923, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News A board meeting is scheduled on May 29, 2026 to consider audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2026, and to review a potential dividend recommendation for FY 2025-26.
Analysis Article Jun 02

Is Now The Time To Put Lumax Auto Technologies (NSE:LUMAXTECH) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update May 31

LUMAXTECH: Joint Venture Stake Sale Will Support Bullish Outlook

Analysts have maintained the price target for Lumax Auto Technologies at ₹2,271. Small adjustments to discount rate, revenue growth and profit margin assumptions were largely offset by a slightly higher future P/E multiple of 34.49x, compared with 33.59x earlier.
Narrative Update May 08

LUMAXTECH: Upcoming Joint Venture Stake Sale Will Underpin Upside Potential

Analysts have kept the fair value estimate for Lumax Auto Technologies broadly unchanged at ₹2,271. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that together leave their overall view on the stock intact.
Narrative Update Apr 23

LUMAXTECH: Upcoming Board Meetings And Guarantees Will Shape Balanced Outlook

Analysts have kept the fair value estimate for Lumax Auto Technologies steady at ₹1,985.50, with only small tweaks to assumptions such as the discount rate and future P/E used in their pricing work. What's in the News A board meeting is scheduled on Mar 27, 2026, at 12:30 Indian Standard Time to consider an equity investment of up to ₹7 crores in joint venture Lumax Alps Alpine India Private Limited (LAAIPL) (Key Developments).
Narrative Update Apr 08

LUMAXTECH: Upcoming Board Decisions And Channel Financing Support Bullish Outlook

Analysts have lifted their price target on Lumax Auto Technologies from ₹1,741.80 to ₹1,985.50, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for February 12, 2026, to review and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).
Narrative Update Mar 25

LUMAXTECH: Upcoming Board Review Of Channel Financing Support Will Underpin Upside Potential

Analysts have kept the price target for Lumax Auto Technologies steady at ₹2,271, pointing to only small tweaks in assumptions around the discount rate, revenue growth and profit margin, along with a slightly adjusted future P/E multiple. What's in the News Board meeting scheduled for February 12, 2026 at 12:15 Indian Standard Time to review and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (company filing).
Narrative Update Mar 11

LUMAXTECH: Board Review Of Channel Financing Support Will Underpin Future Upside Potential

Analysts have lifted their price target on Lumax Auto Technologies from ₹1,860 to ₹2,271, citing updated assumptions around slightly higher revenue growth, improved profit margins and a modestly higher future P/E multiple. What's in the News Board meeting scheduled for February 12, 2026, at 12:15 p.m. IST to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (company filing).
Narrative Update Feb 24

LUMAXTECH: Upcoming Results And Channel Financing Move Will Support Steady Outlook

Analysts have raised their price target for Lumax Auto Technologies from ₹1,444.60 to ₹1,741.80, citing updated assumptions around revenue growth, profit margins, a slightly lower discount rate, and a small adjustment to the future P/E multiple. What's in the News Board meeting scheduled for February 12, 2026, at 12:15 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (company filing).
Analysis Article Feb 17

Lumax Auto Technologies Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) just released its quarterly report and things are looking bullish...
Narrative Update Feb 10

LUMAXTECH: Stable Leadership And Refined Assumptions Will Support Future Upside Potential

Analysts have kept their price target for Lumax Auto Technologies unchanged at ₹1,860, indicating that slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E broadly support their prior valuation view. What's in the News Board meeting scheduled on Feb 12, 2026 to consider and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Analysis Article Feb 09

Lumax Auto Technologies (NSE:LUMAXTECH) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update Jan 26

LUMAXTECH: New Technology Centre Will Support Future Electronics And Digital Capabilities

Analysts have maintained their fair value estimate for Lumax Auto Technologies at ₹1,860.00, making only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E to fine-tune rather than significantly change their price target view. What's in the News The company inaugurated its SHIFT Technology Centre in Bengaluru, focused on electronics engineering and digital capabilities for areas such as in-cabin experience, ADAS, connectivity and embedded electronics, with participation from customers including Daimler India Commercial Vehicles, Hero MotoCorp, Mahindra & Mahindra, Maruti Suzuki, Tata Motors and TVS Motor Company (Key Developments).
Narrative Update Jan 09

LUMAXTECH: New Tech Centre And Reorganisation Will Support Steady Outlook

Analysts kept their fair value estimate for Lumax Auto Technologies steady at ₹1,444.60 per share, with only minor tweaks to assumptions such as a slightly lower discount rate and small refinements to long term revenue growth, profit margin and future P/E inputs driving the unchanged target. What's in the News Lumax Auto Technologies inaugurated its SHIFT Technology Centre in Bengaluru, focused on electronics engineering, digital capabilities, and areas such as in cabin experiences, ADAS, connectivity, and embedded electronics, with participation from major OEM customers including Daimler India Commercial Vehicles, Hero MotoCorp, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, and TVS Motor Company (Key Developments).
Narrative Update Dec 23

LUMAXTECH: New Technology Centre Will Drive Stronger Long Term Earnings Power

Analysts have lifted their fair value estimate for Lumax Auto Technologies from ₹1,300 to ₹1,860 per share, reflecting heightened confidence in stronger revenue growth, improving profit margins, and support for a higher future earnings multiple. What's in the News Company raises FY 2026 revenue growth guidance from 20 percent to 25 percent, signaling stronger than expected demand visibility (corporate guidance).
Narrative Update Dec 09

LUMAXTECH: New Tech Centre And Facility Shift Will Support Steady Outlook

Analysts have nudged their price target for Lumax Auto Technologies slightly higher to ₹1,444.60, reflecting marginally lower perceived risk and a steady outlook on revenue growth, profit margins, and valuation multiples. What's in the News Company raised its full year 2026 revenue growth guidance from 20% to 25 percent, signalling stronger than expected demand across key product lines (company guidance).
Narrative Update Nov 25

LUMAXTECH: Operational Moves And Facility Expansion Will Support Fair Valuation

Analysts have raised their price target for Lumax Auto Technologies from ₹1,162.25 to ₹1,444.60, citing improved revenue growth forecasts and slightly stronger profit margins. What's in the News Lumax Auto Technologies raised its full-year 2026 revenue growth guidance from 20% to 25%, reflecting improved business prospects (Corporate Guidance: Raised).
Narrative Update Nov 10

LUMAXTECH: Steady Revenue Will Likely Limit Further Share Upside

Narrative Update on Lumax Auto Technologies Analysts have maintained their price target for Lumax Auto Technologies at ₹1,162.25. They cited slight adjustments in profit margin and discount rate projections, but expect steadier revenue growth to temper upside potential.
Narrative Update Oct 27

India Clean Mobility And Advanced Components Will Drive Transformation

Analysts have maintained their price target for Lumax Auto Technologies at ₹1,162.25. They cited only marginal adjustments in their key growth and discount rate assumptions.
Analysis Article Oct 15

Here's Why Lumax Auto Technologies (NSE:LUMAXTECH) Has Caught The Eye Of Investors

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update Oct 13

India Clean Mobility And Advanced Components Will Drive Transformation

Analysts have raised their price target for Lumax Auto Technologies from ₹1,043 to ₹1,162.25. They cite stronger expected revenue growth and a slightly lower discount rate as key factors behind the upgrade.
Analysis Article Sep 24

Investors Shouldn't Overlook Lumax Auto Technologies' (NSE:LUMAXTECH) Impressive Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Narrative Update Sep 04

India Clean Mobility And Advanced Components Will Drive Transformation

With both the future P/E and discount rate remaining essentially stable, the consensus analyst price target for Lumax Auto Technologies was unchanged at ₹1043. What's in the News Incorporated "LUMAX AUTO SOLUTIONS PRIVATE LIMITED" in New Delhi as a wholly owned subsidiary; aims to capture further growth in the automotive components sector.
Analysis Article Aug 11

Lumax Auto Technologies Limited Just Recorded A 11% Revenue Beat: Here's What Analysts Think

NSEI:LUMAXTECH 1 Year Share Price vs Fair Value Explore Lumax Auto Technologies's Fair Values from the Community and...
Analysis Article Jul 26

Is Lumax Auto Technologies (NSE:LUMAXTECH) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 27

Market Might Still Lack Some Conviction On Lumax Auto Technologies Limited (NSE:LUMAXTECH) Even After 27% Share Price Boost

The Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) share price has done very well over the last month, posting an...
Analysis Article Apr 11

Returns On Capital Are A Standout For Lumax Auto Technologies (NSE:LUMAXTECH)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Mar 01

Is It Time To Consider Buying Lumax Auto Technologies Limited (NSE:LUMAXTECH)?

While Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) might not have the largest market cap around , it saw...
Analysis Article Feb 16

Analysts Have Made A Financial Statement On Lumax Auto Technologies Limited's (NSE:LUMAXTECH) Third-Quarter Report

Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) shareholders are probably feeling a little disappointed, since its...
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New Narrative Feb 10

Focusing On ADAS And Alternative Fuels Will Drive Future Potential

Strategic joint ventures and new product categories aim to drive revenue growth through increased vehicle content and innovative offerings.
Analysis Article Jan 28

These 4 Measures Indicate That Lumax Auto Technologies (NSE:LUMAXTECH) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Dec 14

Lumax Auto Technologies Limited's (NSE:LUMAXTECH) Price Is Right But Growth Is Lacking After Shares Rocket 25%

Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) shareholders would be excited to see that the share price has had a...
Analysis Article Dec 11

Does This Valuation Of Lumax Auto Technologies Limited (NSE:LUMAXTECH) Imply Investors Are Overpaying?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Lumax Auto Technologies fair value estimate is ₹466 Lumax Auto...
Analysis Article Jul 05

Market Might Still Lack Some Conviction On Lumax Auto Technologies Limited (NSE:LUMAXTECH) Even After 27% Share Price Boost

Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) shares have had a really impressive month, gaining 27% after a shaky...
Analysis Article Feb 20

Further Upside For Lumax Auto Technologies Limited (NSE:LUMAXTECH) Shares Could Introduce Price Risks After 27% Bounce

Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) shareholders have had their patience rewarded with a 27% share price...
Analysis Article Feb 17

₹457 - That's What Analysts Think Lumax Auto Technologies Limited (NSE:LUMAXTECH) Is Worth After These Results

It's been a good week for Lumax Auto Technologies Limited ( NSE:LUMAXTECH ) shareholders, because the company has just...

Revenue & Expenses Breakdown

How Lumax Auto Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:LUMAXTECH Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2648,7032,7896,1190
31 Dec 2545,8632,4915,9360
30 Sep 2542,2122,1155,5750
30 Jun 2539,0711,8755,2080
31 Mar 2536,3671,7784,8950
31 Dec 2432,6121,6364,4330
30 Sep 2430,8801,5524,1710
30 Jun 2429,4601,3973,8630
31 Mar 2428,2171,3023,7270
31 Dec 2325,5771,0463,3460
30 Sep 2322,7049152,8870
30 Jun 2320,5729322,4440
31 Mar 2318,4759292,0650
31 Dec 2217,7119531,8830
30 Sep 2217,5349351,8300
30 Jun 2216,6948781,7610
31 Mar 2215,0796941,6720
31 Dec 2114,7906941,6560
30 Sep 2114,1667091,6120
30 Jun 2112,9746281,5010
31 Mar 2111,0794711,3570
31 Dec 209,9273221,2840
30 Sep 209,1452071,2470
30 Jun 209,2442621,2740
31 Mar 2011,4094981,3900
31 Dec 1911,6895331,4200
30 Sep 1911,7375681,4220
30 Jun 1911,9475061,4370
31 Mar 1911,8705321,4100
31 Dec 1813,5236691,4220
30 Sep 1813,0966251,3400
30 Jun 1812,0945761,2370
31 Mar 1810,1313991,0830
31 Dec 1710,5024191,08220
30 Sep 179,9313311,04220
30 Jun 179,8373159680
31 Mar 179,6543451,0040
31 Dec 1610,20733595920
30 Sep 1610,07736391620
30 Jun 169,64535086120
31 Mar 169,05131881620
31 Dec 158,7353091,08119
30 Sep 158,6503161,05519

Quality Earnings: LUMAXTECH has high quality earnings.

Growing Profit Margin: LUMAXTECH's current net profit margins (5.7%) are higher than last year (4.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LUMAXTECH's earnings have grown significantly by 30.4% per year over the past 5 years.

Accelerating Growth: LUMAXTECH's earnings growth over the past year (56.9%) exceeds its 5-year average (30.4% per year).

Earnings vs Industry: LUMAXTECH earnings growth over the past year (56.9%) exceeded the Auto Components industry 14.6%.


Return on Equity

High ROE: LUMAXTECH's Return on Equity (22.8%) is considered high.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/01 00:54
End of Day Share Price 2026/07/31 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lumax Auto Technologies Limited is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mukesh SarafAvendus Spark
Subhash GateChoice Equity Broking Private Limited
null nullEquirus Securities Private Limited