Makes automotive lighting — headlamps, tail lamps and signal lamps — for passenger vehicles, two-wheelers and commercial vehicles sold in India. Automotive lighting accounts for 94.29% of turnover, with LED-based products contributing 61% of Q3 FY26 revenue and 81% of that quarter's order book of Rs 1,759 crore. It supplies to Indian OEMs including Tata Motors (Sierra, Punch facelift), Mahindra (e-rickshaws), TVS (Apache RTX300), Maruti Suzuki/Toyota and Skoda VW, with new programmes coming from a Bengaluru plant (SOP Q4 FY27) and Chakan Phase 2 (SOP Q4 FY26). Localization stands at 30–35%, with 70% on bare-board PCB and 100% on SMT. The largest cost line is raw materials at 66.1% of revenue, followed by employees at 11.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive lighting (94%). Auto ancillary, revenue tied to Indian OEM production cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,751 | 2,320 | 2,637 | 3,400 | 4,184 |
| EBITDA (ex other income) | 118 | 202 | 230 | 279 | 387 |
| margin % | 6.7 | 8.7 | 8.7 | 8.2 | 9.3 |
| Owners' profit | 0 | 103 | 111 | 0 | 0 |
| EPS, as reported (₹) | 43.57 | 110.27 | 118.77 | 149.67 | 184.50 |
| ROE % · ROCE % | 8.3 · 10.2 | 17.7 · 17.2 | 16.5 · 13.8 | 18.1 · 14.3 | 18.8 · 17.8 |
| Debt / equity (x) | 0.74 | 0.65 | 0.89 | 1.00 | 0.88 |
| Cash from operations | 108 | 108 | 132 | 316 | 373 |
| Capex | (124) | (91) | (260) | (324) | (289) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 812 | 887 | 923 | 923 | 1,009 | 1,053 | 1,200 | 1,223 |
| Profit before tax | 17 | 25 | 34 | 35 | 35 | 39 | 60 | 53 |
| Net profit | 28 | 33 | 44 | 36 | 36 | 47 | 54 | 51 |
| EPS (₹) | 30.25 | 35.81 | 47.04 | 38.71 | 38.13 | 49.79 | 57.87 | 54.64 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · Lumax 45th AGM: All 8 resolutions approved; Rs 55/share dividend confirmed | compliance | minimal | — | — |
| 26 Aug 2026 · AGM 2026: All 8 resolutions passed; Rs 55 dividend, key board changes | board shareholder meetings | medium | — | — |
| 26 Aug 2026 · Lumax Industries 45th AGM: Rs.55 Dividend, Strong FY26 Results | board shareholder meetings | medium | — | — |
| 18 Aug 2026 · Lumax Q1 FY27: Revenue up 32.6% to INR 1,223 cr, FY27 margin guidance maintained, capex raised | investor communications | medium | — | — |
| 11 Aug 2026 · Audio recording link of Q1 FY27 earnings call shared with exchanges | investor communications | low | — | — |
| 9 Aug 2026 · Lumax Industries Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 8 Aug 2026 · Q1FY27 results: Revenue up 33% YoY at Rs 1,223 cr, PAT up 41% — order book Rs 2,500 cr | investor communications | medium | — | — |
| 8 Aug 2026 · Q1 FY27: Revenue up 33%, PAT up 41%, order book at Rs 2,500 Cr | investor communications | medium | — | — |
| 8 Aug 2026 · Lumax Industries Q1 FY27 Results: Revenue up 33%, Standalone PAT doubles | results | high | — | — |
| 8 Aug 2026 · Lumax Industries Q1 FY27 results: revenue up 33%, standalone profit more than doubles | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.3 | 26.7 | 69 of 123 | 44% |
| P/B | 6.0 | 3.5 | 88 of 116 | 24% |
| ROCE | 12.3 | 12.6 | 66 of 125 | 48% |
| ROE | 18.8 | 11.6 | 26 of 119 | 79% |
| Debt / Equity | 0.9 | 0.3 | 103 of 119 | 14% |
| EBITDA margin | 9.2 | 12.2 | 84 of 118 | 29% |
| Revenue growth | 32.6 | 20.2 | 24 of 113 | 80% |
| Profit growth | 41.2 | 24.4 | 43 of 115 | 63% |
| Market cap | 5496 | 1542 | 35 of 125 | 73% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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