Lumax Auto Technologies Limited (LUMAXTECH) — Financial Results

· NSE 🔴 High Importance Neutral

Investor Takeaways

  • Revenue grew 34% YoY to ₹4,870 crores in FY 26.
  • PAT reached ₹337 crores for FY 26.
  • EBITDA margin held steady at 14.5%.
  • Order book increased to ₹1,450 crores.
  • Credit rating upgraded to AA.
  • Capex planned at ₹233 crores for capacity expansion.
  • Debt stands at ₹1,000 crores with repayment starting FY 27.
  • Overall Tone: Neutral

    Key Financial Highlights

    MetricValueYoY Change
    Revenue₹4,870 Cr34%
    Net Profit₹337 Cr
    EBITDA Margin14.5%
    EPS₹31.58
    OPM14.5%

    What Changed

    Lumax Auto Technologies reported FY 26 revenue of ₹4,870 crores, up 34% year-on-year, with PAT of ₹337 crores and EBITDA margin of 14.5%. The company’s consolidated order book stood at ₹1,450 crores, with 25% of FY 27 revenue expected to originate from it. Capex of ₹233 crores is planned for capacity expansion, primarily in China and new telematics products. Segment growth was driven by Mechatronics (+150%) and Advanced Plastics (+25%). Credit rating was upgraded to AA, and debt of ₹1,000 crores will begin repayment from FY 27. Strategic exits from non-core ventures and inorganic growth via joint ventures are underway, including a 5% stake in Lumax Industries. The company targets 20% CAGR over 3-5 years, with margins expected to sustain or improve by 30 bps despite inflationary pressures.

    Peer Comparison

    CompanyP/EROEROCEMarket Cap (₹ Cr)
    Lumax Auto Technologies68.1411,151.28
    TVS Motor Company393.51N/AN/A8,23,516
    Maruti Suzuki27.8415.51%19.82%4,15,671.64
    Mahindra & Mahindra22.1720.41%14.57%3,88,366.49

    Lumax trades at a premium P/E compared to Maruti and M&M, reflecting growth expectations, though its ROE and ROCE are not provided in the data.

    Risks & Concerns

  • No specific risks identified in this filing.
  • Quarterly Trend

    QuarterRevenue (₹ Cr)Net Profit (₹ Cr)OPM%
    Q3FY25905.656.0313.02
    Q2FY25842.2651.812.14
    Q1FY25755.9341.6511.65
    Q4FY24757.3851.3412.13

    Revenue and profitability have shown consistent sequential growth over the last four quarters, with OPM expanding from 11.65% in Q1FY25 to 13.02% in Q3FY25, indicating improving operational efficiency ahead of the FY 26 results.

    Forward Guidance

  • Target 20% CAGR over 3-5 years.
  • Margins to sustain or improve by 30 bps.
  • 25% of FY 27 revenue expected from order book.
  • Debt repayment to begin in FY 27.
  • Expansion in China and new telematics product launch planned.
  • 📄 View Original Announcement (PDF)

    About Lumax Auto Technologies Limited (LUMAXTECH)

    Automobile and Auto Components · Auto Components · Listed on NSE

    Market Cap: ₹11,151.28 Cr P/E: 68.1

    View full LUMAXTECH stock details →

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    Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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