NSE: LUMAXIND · BSE: 517206 · ISIN INE162B01018
Lumax Industries Limited stock analysis
Lumax Industries Limited ranks #922 in the TickerSutra evidence-ranked universe with a score of 58/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.7%, quarterly sales growth of 32.6% and quarterly profit growth of 41.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 0.92×
- 21.7% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,751cr | ₹135cr | ₹41cr | 8.0% |
| 2023 | ₹2,320cr | ₹208cr | ₹103cr | 9.0% |
| 2024 | ₹2,637cr | ₹231cr | ₹111cr | 9.0% |
| 2025 | ₹3,400cr | ₹280cr | ₹140cr | 8.0% |
| 2026 | ₹4,184cr | ₹406cr | ₹172cr | 10.0% |
| TTM | ₹4,485cr | ₹433cr | ₹187cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
At the same time, we also witnessed healthy business growth from TVS Motors, reflecting focus on customer diversification. Coming to capex, as mentioned earlier, our ongoing capex plans are progressing well and remain aligned with future growth requirements and customer commitments. For FY 27, our capex guidance updated to INR 200 to 250 crore, mainly due to new order wins.
Coming to the outlook for the year. As we move into the festive season, demand is expected to remain healthy, although the industry continues to closely monitor commodity prices, input cost inflation and geopolitical developments. Now I will hand over to our CFO, Mr.
And, as a result of that, as Ravi mentioned, when it comes to the margin, there is almost a 150 bps margin reduction in Q1, primarily due to these recoveries not having realized in Q1. So, we have obviously passed on the price increase to our suppliers, but we are hoping this realization comes in, in Q2. And if you look at that, then the margins would be close to about 10.5% to 11% at a total EBITDA level, which is i
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“At the same time, we also witnessed healthy business growth from TVS Motors, reflecting focus on customer diversification. Coming to capex, as mentioned earlier, our ongoing capex plans are progressing well and remain aligned with future growth requirements and customer commitments. For FY 27, our capex guidance updated to INR 200 to 250 crore, mainly due to new order wins.”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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