LUMAXTECH

Lumax Auto Technologies share price & financials

Price
₹1,646.4
Market cap
₹13.7k Cr
Sector
Automobile and Auto Components
Calls analysed
8
Latest concall · Q1 FY27 · call held 11 Aug 2026

Lumax Auto Technologies Limited Q1 FY27

Revenue ₹1,364 cr +33%EBITDA ₹205 cr +51%EBITDA Margin 15.1% PAT ₹99 cr +83%

What went well

  • Strong Q1 FY27 revenue growth of 33% YoY to ₹1,364 crores.
  • EBITDA increased by 51% YoY to ₹205 crores, with margins expanding by 190 bps to 15.1%.
  • Profit after tax grew significantly by 83% YoY to ₹99 crores.

What to watch

  • Aftermarket segment showed a lower growth of 6% YoY, mainly due to a dip in the non-lighting product category.
  • One joint venture is currently operating in the red, though expected to become profitable soon.
Read the full call →

What Lumax Auto Technologies Limited does

Lumax Auto Technologies Limited (LATL), established in 1981, is a Tier-1 supplier of automotive systems and components to Original Equipment Manufacturers across India's two-wheeler, passenger-vehicle and commercial-vehicle segments. It designs and manufactures cockpits, door panels, headliners, fuel tanks and lamps (Advanced Plastics), gear shifters, control housings and seating structures (Structures & Control Systems), power-window switches, sensors, telematics units and antennas (Mechatronics), and sells lighting, filters, wiper blades and lubricants through an independent Aftermarket channel network. Through its Greenfuel Energy Solutions subsidiary it also makes CNG/hydrogen fuel-delivery systems. Much of this scale is built through global joint ventures (Mannoh, Cornaglia, Ituran, Yokowo, FAE, Alps Alpine, JOPP) and wholly-owned subsidiaries such as IAC (vehicle interiors), giving it an EV-agnostic product line sold to OEMs including Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Toyota, Bajaj Auto and Honda Motorcycle & Scooter India.

Segments

  • Advanced Plastics
  • Structures & Control Systems
  • Mechatronics
  • Aftermarket
  • Alternate Fuels
Manufacturing plants
30 facilities across 7 states in India
Product lines
13+
Engineering / R&D personnel
500+
Global JV / technology alliances
7 (Mannoh, Cornaglia, Ituran, Yokowo, FAE, Alps Alpine, JOPP), plus IAC and Greenfuel subsidiaries
R&D and engineering centres
2 in India (Manesar R&D centre, Pune engineering centre), a Bengaluru software/SDV tech hub (SHIFT), a Japan satellite office and a China representative office
Aftermarket channel partners
400+
Founded 1981 Company website

Guidance record · Q1 FY27

what the last two calls moved 30 tracked 7 delivered 4 missed 19 open
  • FY25 Consolidated Revenue delivered said Q3 FY25 Promised: closer to around INR3,500 crores Q1 FY27: Already achieved in FY25
  • FY25 Capex missed said Q2 FY25 Promised: INR120 crores to INR140 crores Q1 FY27: Already missed in FY25
  • Aftermarket Revenue Growth revised down said Q3 FY26 Promised: 20% growth in the Aftermarket, will definitely be achieved going forward in the next year Q1 FY27: Q1 FY27 growth was only 6% YoY. Management revised guidance to '15% or upwards', a dilution from the original 20% target.

All 30 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 32.9%, net profit up 83.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue842 906 1,133 1,026 1,156 +37%1,271 +40%1,417 +25%1,364 +33%
EBITDA102 118 157 125 155 +52%176 +49%203 +29%190 +52%
Net profit52 56 80 54 78 +50%108 +93%98 +23%99 +83%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +78.7% 1Y

₹1.0k₹1.2k₹1.4k₹1.6k₹1.8k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 1 Jun 2026Q1 FY27 — 11 Aug 2026

1Y: ₹1,115.8 on 10 Sept 2025 → ₹1,993.7. High ₹2,078.5 (31 Aug 2026), low ₹1,072.1 (11 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
+19.5%
11 Aug
Q4 FY26
+2.1%
1 Jun
Q3 FY26
−9.0%
13 Feb
Q2 FY26
+0.5%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 38.2% a year over 3 years, FY23 to FY26. Operating margin widened to 13.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.8k Cr₹2.8k Cr₹3.6k Cr₹4.9k Cr
Operating profit₹200 Cr₹368 Cr₹465 Cr₹659 Cr
Operating margin10.8%13.0%12.8%13.5%
Interest₹16 Cr₹69 Cr₹79 Cr₹105 Cr
Depreciation₹52 Cr₹118 Cr₹129 Cr₹179 Cr
Net profit₹112 Cr₹167 Cr₹230 Cr₹338 Cr
Net margin6.1%5.9%6.3%6.9%
Cash from operations₹137 Cr₹265 Cr₹290 Cr₹460 Cr
Free cash flow₹60 Cr₹167 Cr₹118 Cr₹214 Cr
ROCE15.0%18.0%19.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹517 Cr₹530 Cr₹648 Cr₹776 Cr₹1.0k Cr₹1.2k Cr
Borrowings₹98 Cr₹165 Cr₹664 Cr₹810 Cr₹1.1k Cr₹1.2k Cr
Other liabilities₹360 Cr₹430 Cr₹853 Cr₹990 Cr₹1.4k Cr₹1.5k Cr
Total liabilities₹990 Cr₹1.1k Cr₹2.2k Cr₹2.6k Cr₹3.6k Cr₹3.9k Cr
Fixed assets₹381 Cr₹409 Cr₹1.0k Cr₹1.0k Cr₹1.4k Cr₹1.5k Cr
Capital work in progress₹9 Cr₹12 Cr₹13 Cr₹36 Cr₹51 Cr₹65 Cr
Investments₹131 Cr₹122 Cr₹201 Cr₹405 Cr₹561 Cr₹565 Cr
Other assets₹469 Cr₹595 Cr₹937 Cr₹1.1k Cr₹1.6k Cr₹1.8k Cr
Total assets₹990 Cr₹1.1k Cr₹2.2k Cr₹2.6k Cr₹3.6k Cr₹3.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.87 pp while FIIs added +1.66 pp. The shareholder count grew 51% to 64,759.

Promoters
56.0%
FIIs
8.7%
DIIs
16.5%
Public
18.8%

Since Jun 2025

  • Public −1.87 pp
  • FIIs +1.66 pp
  • DIIs +0.22 pp

How it drifted, 12 quarters

Over this window DIIs went from 6.8% to 16.5% — +9.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.0%, FIIs 18.0%, DIIs 6.8%, Public 19.3%.Dec '23: Promoters 56.0%, FIIs 15.9%, DIIs 8.3%, Public 19.8%.Mar '24: Promoters 56.0%, FIIs 9.0%, DIIs 14.2%, Public 20.8%.Jun '24: Promoters 56.0%, FIIs 6.9%, DIIs 15.8%, Public 21.2%.Sep '24: Promoters 56.0%, FIIs 5.7%, DIIs 16.2%, Public 22.1%.Dec '24: Promoters 56.0%, FIIs 5.9%, DIIs 16.1%, Public 22.0%.Mar '25: Promoters 56.0%, FIIs 5.3%, DIIs 16.1%, Public 22.6%.Jun '25: Promoters 56.0%, FIIs 7.0%, DIIs 16.3%, Public 20.7%.Sep '25: Promoters 56.0%, FIIs 7.3%, DIIs 16.6%, Public 20.1%.Dec '25: Promoters 56.0%, FIIs 8.0%, DIIs 16.5%, Public 19.5%.Mar '26: Promoters 56.0%, FIIs 8.4%, DIIs 16.8%, Public 18.8%.Jun '26: Promoters 56.0%, FIIs 8.7%, DIIs 16.5%, Public 18.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Lumax Auto Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Deepak Jain 18.96%unchanged
Anmol Jain 18.95%unchanged
Lumax Finance Private Limited 17.77%unchanged
DSP Small Cap Fund Mutual fund7.83%−1.26 pp
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund3.64%unchanged
Griffin Growth Fund Vcc FPI fund2.32%unchanged
D Srimathi 1.19%unchanged
SBI Life Insurance Co. Ltd Insurer1.06%newly disclosed
Dhanesh Kumar Jain Family Trust (Managing Trustee Dhanesh Kumar Jain) 0.30%unchanged
D.K. Jain & Sons (HUF) (Karta Dhanesh Kumar Jain) 0.00%unchanged
Dhanesh Kumar Jain 0.00%unchanged
Shivani Jain 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in LUMAXTECH

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹515 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹515 Cr · 0.6% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹515 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+242%
vs est. average cost
Held by funds
₹515 Cr
1 schemes · ≈ 3.0% of the company

Shares held by these funds −1%

Feb '24 24.80 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹1994, this stock must grow earnings at 25% every year for 7 years. Our analysis caps realistic growth at ~44%. At that growth it is worth ₹5117 — upside of 157%.

Growth the price implies
24.5% a year
for 7 years, fading to 4%
It has actually compounded at
44.5% a year
net profit, FY23–FY26 · EPS 44.2%
The gap
-0.2 pp
157% downside if it only repeats history
Price today ₹1,993.7 Value at the reference growth ₹5,116.99

Change the assumptions yourself →

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Lumax Auto Technologies Limited

Guides on how to read this kind of business and the numbers that matter.