Lumax AutoTechnologies Ltd
NSE:LUMAXTECH
Lumax AutoTechnologies Ltd
Lumax Auto Technologies Ltd. engages in the manufacture and trade of automotive components. The company is headquartered in Pune, Maharashtra and currently employs 1,072 full-time employees. The company went IPO on 2007-01-10. The firm is engaged in the business of dealing and manufacturing automotive lighting equipment and automotive components. The company also manufactures and supplies gear levers for electric cars, plastic molded parts and frame chassis. Its product portfolio includes 2-wheeler lighting, 2-wheeler chassis, electrical & electronics components, gear shifters, intake system, integrated plastic modules, oxygen sensors, seat structures & mechanisms, telematics products & services and aftermarket. The company supplies its products to original equipment manufacturers (OEMs) in India and across the world. The firm manufactures various products, which include headlamp, tail lamp, seat frame and adjustor motor. The company has approximately 33 manufacturing facilities. The firm's subsidiaries include Lumax Energy Solutions Private Limited and Velomax Mobility Private Limited.
Lumax Auto Technologies Ltd. engages in the manufacture and trade of automotive components. The company is headquartered in Pune, Maharashtra and currently employs 1,072 full-time employees. The company went IPO on 2007-01-10. The firm is engaged in the business of dealing and manufacturing automotive lighting equipment and automotive components. The company also manufactures and supplies gear levers for electric cars, plastic molded parts and frame chassis. Its product portfolio includes 2-wheeler lighting, 2-wheeler chassis, electrical & electronics components, gear shifters, intake system, integrated plastic modules, oxygen sensors, seat structures & mechanisms, telematics products & services and aftermarket. The company supplies its products to original equipment manufacturers (OEMs) in India and across the world. The firm manufactures various products, which include headlamp, tail lamp, seat frame and adjustor motor. The company has approximately 33 manufacturing facilities. The firm's subsidiaries include Lumax Energy Solutions Private Limited and Velomax Mobility Private Limited.
Record Revenue: Lumax Auto Technologies delivered its highest-ever quarterly revenue of INR 1,271 crores in Q3 FY '26, up 40% year-on-year, with 9-month revenue rising 38% YoY.
Margin Expansion: Q3 EBITDA margin reached 15% for the first time, a 100 basis point increase YoY; management remains confident in achieving its 16% margin target by FY '28.
Guidance Upgrade: Revenue growth guidance was raised from 25% to 30% for FY '26, reflecting continued momentum and strong demand.
Robust Order Book: The company reported a healthy order book of INR 1,450 crores, offering strong future visibility across all product segments.
Subsidiary Performance: Significant growth was noted in key subsidiaries such as IAC (up ~40% YoY) and Mechatronics (up ~200% YoY on a low base), with more upside expected in FY '27.
Aftermarket Acceleration: Aftermarket segment grew 15% YoY in 9M FY '26, with management reaffirming a 20% growth target for next year.
CapEx & Debt: FY '26 CapEx guidance increased slightly to INR 240 crores; debt-to-equity remains conservative at 0.50, with strong free cash reserves of INR 421 crores.
Industry Tailwinds: Management noted a constructive macro and automotive sector backdrop, with sustained growth across all vehicle segments and supportive policy environment.
