Lumax Industries Limited (LUMAXIND) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹50.3B
Fair value as of: Aug 16, 2026
From 26 valuation models · updated 2 days ago
Share price +11.7% over the past month.
A solid business, but screening 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹5,074). The favourable scenario is already priced in.
- The model range is unusually wide (₹1,567 to ₹5,074). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range ₹829.72 – ₹6,703 · fair‑value band ₹1,567 – ₹5,074 · the ₹5,792 price screens above the ₹3,348 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 16, 2026.
Analysis
Lumax Industries Limited (LUMAXIND) currently trades at ₹5,792, while our model-based Fair Value estimate is ₹3,348, implying the stock looks roughly 42.2% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Lumax Industries Limited generated revenue of ₹41.8B at a net margin of 4.1%. Revenue grew 29.9% year over year. It earns a return on equity of 20.4%. Net debt stands at ₹9.5B. Fundamentals as of Aug 16, 2026
Our scenario range runs from ₹1,567 (bear case) to ₹5,074 (bull case); at ₹5,792, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 77% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -42%, LUMAXIND screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (₹3,870) versus Dividend Discount (₹563.43). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Lumax Industries Limited manufactures and sells automotive components for in India. The company offers automotive lighting systems, including LED light, headlamps, tail lamps, fog lamps, and auxiliary lamps, as well as electronic components.
Full company description
Lumax Industries Limited manufactures and sells automotive components for in India. The company offers automotive lighting systems, including LED light, headlamps, tail lamps, fog lamps, and auxiliary lamps, as well as electronic components. It serves passenger cars, commercial vehicles, four-wheelers, two-wheelers, and tractors in farm equipment segment catering to original equipment manufacturers. Lumax Industries Limited was founded in 1945 and is headquartered in Gurugram, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Lumax Industries Limited reported revenue of ₹41.8B in FY2026 versus ₹17.5B in FY2022, a compound +24.4%/yr. Reported net income was ₹1.7B in FY2026, compounding +43.5%/yr from FY2022.
of which total revenue +11.9 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
LUMAXIND screens 42% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 639 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Parts median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 511,000 KRW | 643,909 KRW | +26% |
| Magna International Inc MGAN | 1,122 MXN | 1,142 MXN | +2% |
| Samvardhana Motherson International Limited MOTHERSON | ₹169.50 | ₹80.63 | -52% |
| Bosch Limited BOSCHLTD | ₹46,750 | ₹13,061 | -72% |
| Bharat Forge Limited BHARATFORG | ₹2,082 | ₹393.20 | -81% |
| Uno Minda Limited UNOMINDA | ₹1,232 | ₹426.57 | -65% |
| Schaeffler India Limited SCHAEFFLER | ₹4,126 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 71,500 KRW | 196,479 KRW | +175% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹799.90 | ₹207.06 | -74% |
| Balkrishna Industries Limited BALKRISIND | ₹2,497 | ₹1,211 | -51% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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