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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Lumax Industries Limited is an India-based providers of automotive lighting solution. The Company is principally engaged in the manufacturing of automotive components. The Company serves all original equipment manufacturers (OEMs) across India with reliable lighting…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
An exceptional, steadily growing business, fully valued.
Lumax Industries is scored on the general / industrial framework. It keeps a slim 4.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.16× reported profit. Free cash flow is worth about 2.1% of its market value.
Over the last 3 years revenue compounded at 22%/yr and profit at 19%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is an elite 21.0%. In the latest quarter profit grew 2% versus the prior quarter.
At 29× earnings, the stock sits at the 78th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~12%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 24.98 | 37.55 | better |
| P/B | 5.25 | 4.15 | worse |
| EV/EBITDA | 12.32 | 17.82 | better |
| ROE | 21.01 | 13.31 | better |
| ROCE | 16.13 | 11.95 | better |
| ROA | 5.22 | 5.72 | worse |
| Quick Ratio | 0.45 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Samvardhana Motherson Intl | 34.3 | 3.6 | 10.4% |
| Bosch | 63.4 | 10.1 | 15.8% |
| Uno Minda | 54.4 | 10.3 | 17.7% |
Revenue has grown every year across all 4 financial years shown. 22% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 5% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 19% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 19% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.2× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 9% sequentially — momentum is building. Run-rate stepping up — recent quarters average 14% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game. Both FII and MF added last quarter — broad institutional confidence.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.