Fundamental Analysis

LUMAX AUTO TECHNOLOGIES LTD
Ticker: 532796
BUY:₹ 204.75
Target: ₹ 234

Lumax Auto Technologies Ltd is a part of DK Jain Group of companies. It is engaged in the business of manufacturing as well as supplying automotive lamps, plastic moulded parts & frame chassis to two, three, and four-wheeler segments. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 416.93 crore for Q4FY22, a 7.46 per cent rise as compared to Rs 387.98 crore reported in Q4FY21. The operating profit ascended by 5.32 per cent to reach Rs 49.24 crore in Q4FY22 from Rs 46.75 crore posted in Q4FY21. The net profit was reported at Rs 25.28 crore in Q4FY22 from Rs 25.03 crore in Q4FY21, gaining 1.01 per cent. The company recorded its highest-ever revenue and profitability in FY22. On an overall basis, when the industry’s production grew 1 per cent on a YoY basis, the company’s consolidated topline climbed 36 per cent in FY22. Hence, we recommend BUY.