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Indian auto-components maker of aluminum/plastic die-cast parts, chassis systems and telematics for vehicle OEMs.
Indian auto-components maker of aluminum/plastic die-cast parts, chassis systems and telematics for vehicle OEMs.
Supplies parts under programmes won with each vehicle maker, mostly two-wheelers and cars in India, so output follows those makers' production. Plastic and die-cast parts are made to the makers' drawings, and telematics, which connects vehicles to online services, adds electronic content per vehicle.
Moat: narrow (customer qualification, process know-how). OEM-qualified diversified component supplier, but faces competition across each individual product line.
Headquarters: Gurugram, India · Founded: 1981 · Employees: 11,530
Size Lumax Auto Technologies (LUMAXTECH.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.68B, the 419th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,327 on 6 Nov 2026.
Performance Over six months the shares gained 36.3%, against -24.8% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 32.8% over the last twelve months (peer median +7.4%); the operating margin is 10.4% (peer median 5.1%).
Valuation It trades at 37.2× forward earnings against a peer median of 12.2× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points above its cost of capital (14.9% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹56.1B | ₹48.7B | ₹36.4B | ₹28.2B | ₹18.5B |
| Revenue growth | — | +34% | +29% | +53% | — |
| Gross profit | ₹10.9B | ₹7.54B | ₹5.14B | ₹3.94B | ₹2.43B |
| EBITDA | ₹7.79B | ₹6.69B | ₹4.69B | ₹3.71B | ₹2.03B |
| Net income | ₹3.63B | ₹2.79B | ₹1.78B | ₹1.30B | ₹929M |
| Free cash flow | n/a | ₹1.20B | ₹436M | ₹1.02B | ₹471M |
| Capital expenditure | n/a | ₹2.48B | ₹1.80B | ₹1.04B | ₹847M |
| Total debt | ₹11.4B | ₹12.3B | ₹9.02B | ₹8.10B | ₹6.64B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lumax Auto Technologies LUMAXTECH.NS | $1.68B | +36% | +33% | 10% | 37.2× | 34.9% |
| Minda MINDACORP.NS | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% |
| Samvardhana Motherson International MOTHERSON.NS | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% |
| Varroc Engineering VARROC.NS | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LUMAXTECH.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.9% | -5.7% | highest of 21 |
| 6-month return | +36.3% | -24.8% | 2nd highest of 21 |
| Distance from 52-week high | -0.6% | -40.6% | highest of 21 |
| Revenue growth (TTM) | +32.8% | +7.4% | 3rd highest of 21 |
| Operating margin | 10.4% | 5.1% | 5th highest of 21 |
| Forward P/E | 37.2× | 12.2× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 34.9% | -4.6% | most demanding of 18 |
| Growth delivered (Del g) | +34.5% | +8.7% | 2nd highest of 18 |
| Hurdle (Req g minus delivered) | +0.5 pp | -13.0 pp | 6th most demanding of 18 |
| ROIC minus cost of capital | +0.9 pp | +0.0 pp | 7th highest of 21 |
| EV / EBITDA | 21.7× | 5.1× | 3rd most expensive of 15 |
| Net debt / EBITDA | 1.0× | 0.4× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lumax Auto Technologies LUMAXTECH.NS | India | $1.68B | +36% | +33% | 10% | 37.2× | 34.9% | +34.5% |
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | China | $1.69B | -18% | +22% | 4% | 132.1× | n/a | n/a |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% | +8.8% |
| Tokai Rika 6995.T | Japan | $1.57B | 0% | +5% | 5% | 9.9× | -4.6% | +7.9% |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 32.6× | 25.5% | +8.9% |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% | +21.3% |
| Johnson Electric 0179.HK | Hong Kong | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% | +3.1% |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 24.9× | 14.4% | +3.8% |
| Gentherm THRM | United States | $1.55B | -7% | +9% | 5% | 9.8× | 21.7% | +10.4% |
| Shanghai Aerospace Automobile Electromechanical 600151.SS | China | $1.83B | -41% | -19% | -10% | n/a | 34.7% | -9.9% |
| Slcorp 005850.KS | South Korea | $1.54B | -25% | +10% | 8% | 5.7× | -19.7% | +15.9% |
| Foryou 002906.SZ | China | $1.87B | -25% | +28% | 5% | 13.9× | n/a | n/a |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% | +8.1% |
| OPmobility OPM.PA | France | $1.51B | -42% | -3% | 4% | 8.2× | -8.1% | +7.6% |
| Dn Automotive 007340.KS | South Korea | $1.46B | -20% | +17% | 15% | n/a | -16.2% | +35.6% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| CIE Automotive India CIEINDIA.NS | India | $1.42B | -26% | +12% | 11% | 12.2× | 8.6% | +9.2% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| SEDEMAC Mechatronics SEDEMAC.NS | India | $1.42B | +56% | +61% | 15% | 73.8× | n/a | n/a |
| Lingyun Industrial 600480.SS | China | $1.41B | -25% | +3% | 5% | 17.1× | -12.3% | +8.0% |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% | +8.7% |