Lumax Industries Ltd.

SECTOR: Auto Ancillary

958
₹ 4.7 (0.49%)
Today's High: 961.15 Today's Low : 923
52 Week High: 1544.00 52 Week Low : 702.00
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

 Company Essentials

Market Cap

895.5127256 Cr.

P/E

14.61

P/B

2.35

Face Value

₹10

Div. Yield

3.99%

Book Value (TTM)

407.4996

Enterprise Value

1032.9447256 Cr.

CASH

2.245 Cr.

DEBT

139.677 Cr.

Promoter Holding

75%

EPS (TTM)

65.586

Sales Growth

12.25 %

ROE

32.30 %

ROCE

34.19 %

Profit Growth

69.84 %

No. of Shares

0.9347732 Cr.

Add your own Ratio
* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

 Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

 Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

 Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Sales Growth

1 Year12.25%
3 Year13.83%
5 Year10.64%

 Profit Growth

1 Year69.83%
3 Year42.17%
5 Year69.4%

 ROE

1 Year32.3%
3 Year25.5%
5 Year21.31%

 ROCE

1 Year34.19%
3 Year26.7%
5 Year21.13%

 Debt Equity

0.38

 Price to Cash Flow

8.61

  Interest Cover Ratio

9.54

 CFO/PAT (5 Yr Avg.)

2.21643448980768

 Share Holding Pattern

 Promoter Pledging %

Date Promoter % Pledge %
Dec 2019 75 0
Sep 2019 75 0
Jun 2019 75 0
Mar 2019 75 0
Dec 2018 75 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 42.1711795702451% for the Past 3 years.
  • Company has been maintaining healthy ROE of 25.4966666666667% over the past 3 years.
  • Company has been maintaining healthy ROCE of 26.7033333333333% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 9.54.
  • Company’s PEG ratio is 0.209146274861205.
  • The company has an efficient Cash Conversion Cycle of -10.64 days.
  • The company has a good cash flow management; CFO/PAT stands at 0.968310986964618.
  • The company has a high promoter holding of 75%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.51998865147133.

 Limitations

  • The company has shown a poor revenue growth of 13.8332763301039% for the Past 3 years.

 Quarterly Result (All Figures are in Crores.)

Particulars Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Net Sales 432.11 432.65 402.02 429.03 383.25
Other Income 5.43 8.76 1.09 3.49 0.99
Total Expenditure 390.71 401.92 363.72 386.42 340.08
Operating Profit 46.82 39.49 39.4 46.1 44.17
Interest 4.19 4.58 4.64 5.01 5.98
Depreciation 14.21 18.97 15.19 15.88 16.13
Exceptional Items 36.2 0 0 0 0
Profit Before Tax 64.62 15.94 19.57 25.2 22.06
Tax 14.03 3.8 5.64 6.25 5.77
Profit After Tax 50.6 12.14 13.94 18.95 16.28

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Net Sales 1142.56 1255.18 1270.92 1649.35 1851.45
Other Income 5.56 4.38 6.5 9.25 25.52
Total Expenditure 1083.25 1166.63 1170.02 1514.84 1697.51
Operating Profit 64.86 92.93 107.41 143.76 179.46
Interest 14.43 13.44 11.26 7.97 16.29
Depreciation 36.16 37.9 41.39 47.87 60.29
Exceptional Items 0 0 0 0 36.2
Profit Before Tax 14.27 41.59 54.75 87.92 139.08
Tax -2.3 4.22 8.64 24.69 31.68
Net Profit 16.57 37.37 46.12 63.24 107.4
Adjusted EPS 18 40 49 68 115

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 9.35 9.35 9.35 9.35 9.35
Total Reserves 170.96 194.83 238.12 283.52 362.9
Borrowings 37.62 10.57 3.64 2.28 0.94
Other N/C liabilities 49.54 51.09 50.77 39.15 59.47
Current liabilities 496.24 528.54 535.26 847.03 711.34
Total Liabilities 763.7 794.37 837.13 1181.33 1143.98
Assets
Net Block 395.84 407.99 418.71 518.37 548.73
Capital WIP 26.23 17.04 20.34 33.83 49
Investments 4.51 4.51 4.51 4.51 5.87
Loans & Advances 18.86 31.4 43.2 32.07 72.24
Other N/C Assets 5.6 1.21 2.2 2.44 3.24
Current Assets 312.66 332.23 348.18 590.11 464.91
Total Assets 763.7 794.37 837.13 1181.33 1143.98
* Other Non-current Liabilities include Net deferred Liabilities

 Cash Flows (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Profit Before Tax 14.27 41.59 54.75 87.92 139.08
Adjustment 48.44 50.67 49.5 52.27 21.79
Working Capital Changes -3.2 -2.82 7.11 16.69 -23.94
Tax Paid -0.47 -8.12 -11.76 -16.78 -32.94
Operating Cash Flow 59.05 81.33 99.6 140.1 104
Investing Cash Flow -29.64 -36.63 -62.12 -128.36 -97.45
Financing Cash Flow -13.1 -59.46 -39.49 -11.17 -5.77
Net Cash Flow 16.31 -14.76 -2.01 0.57 0.77

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 Lumax Industries Stock Price Analysis and Quick Research Report

.

Is Lumax Industries an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Lumax Industries is performing and if it is the right time to buy the stock of Lumax Industries with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Lumax Industries has reported decent sales growth of 12.25 % and in the latest quarter sales was Rs 38.3247 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.92908409970968 times for Lumax Industries . It is managing its inventory poorly .
     
  • The company reported Profit growth of 69.84 % over the year, where the latest year profit is Rs 107.4 Cr compared to the previous year of Rs 0.632369 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 4.4165 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Lumax Industries has a healthy ROE of 32.2955311735321 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Lumax Industries has a low Debt to Equity ratio of 0.375229520215106.
     
  • Lumax Industries pays a dividend of 35 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 3.9945 %.
     
  • The share of promoter in the company is high at 75 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Lumax Industries is 15.8292942178771 compared to the 5 year average PE of 21.132 .
X