In Week of Mar 28, 2026, Lumax Auto Technologies Ltd (Auto Ancillaries - Diversified) is outperforming Nifty 500 with +17.6% relative strength. Fundamentals: Strong.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: 61% of revenue now from LED lighting with 81% of order book LED-based, targeting 16%+ EBITDA margins by FY27
Impact: +₹500 Cr revenue
“Management stated: 'We're reasonably confident to maintain a similar EBITDA margin going forward for sort of 14 and in FY27 as well we should be able to expand further by about 50 points or so.'”
What: INR 44 cr invested in Gujarat and Karoda land for new facilities supporting 15-20% revenue growth
Impact: +₹500 Cr revenue
“Capex for 9 months stood at INR 172 cr including strategic investment in land in Gujarat and Karoda regions of INR 44 cr”
What: Order book strengthened to INR 1,759 cr with strong OEM relationships supporting 20%+ revenue growth
Impact: +₹1759 Cr revenue
“The company secured multiple new orders from leading OEMs, including Tata Motors and Mahindra, strengthening its order book to INR 1,759 crores”
Earnings deceleration risks from management commentary
Trigger: Failure to localize LED components
Impact: 200 bps margin impact
Management view: There is uncertainty regarding the full transition of LED technology in headlamps for two-wheelers and passenger vehicles due to cost and localization challenges.
Monitor: LED localization percentage
Trigger: Passenger vehicle market slowdown
Impact: 100 bps margin impact
Management view: The commercial vehicle segment remains a small part of the revenue pie, contributing only 6% of total revenues, limiting diversification.
Monitor: CV segment revenue growth
Key quotes from recent conference calls
“We're reasonably confident to maintain a similar EBITDA margin going forward for sort of 14 and in FY27 as well we should be able to expand further by about 50 points or so. — Sunil Koparkar”
“Capex for 9 months stood at INR 172 crores which includes strategic investment in land in Gujarat and Karoda regions of INR 44 crores. — Unidentified”
“The company secured multiple new orders from leading OEMs, including Tata Motors and Mahindra, strengthening its order book to INR 1,759 crores. — Unidentified”
“We expect a revenue growth of over 20% for FY27, maintaining a 15-20% growth outlook over the next 3-5 years. — Ravi Tiltia, CFO”
Forward-looking targets from management for FY27
Revenue Growth Target
20%
Implied PAT Growth
15%
OPM Guidance
16%
Capex Plan
₹400 Cr
Key Milestones
• 16%+ EBITDA margins by FY27
• INR 400 cr capex for FY26
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +40% | +34% | Stable |
| PAT (Net Profit) | +93% | +41% | Stable |
| OPM | 14.0% | +100 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Lumax Auto Technologies Ltd's latest quarterly results (Dec 2025) show
Lumax Auto Technologies Ltd's profit is growing with an stable trend.
Lumax Auto Technologies Ltd's revenue growth trend is stable.
Lumax Auto Technologies Ltd's operating margin is expanding.
Lumax Auto Technologies Ltd's long-term compounding rates
Lumax Auto Technologies Ltd's earnings growth is stable with mixed signals on a sequential basis.
Lumax Auto Technologies Ltd's trailing twelve month (TTM) performance
Lumax Auto Technologies Ltd appears significantly undervalued based on our fair value analysis.
Lumax Auto Technologies Ltd's current PE ratio is 42.7x.
Lumax Auto Technologies Ltd's current PE is 42.7x.
Lumax Auto Technologies Ltd's price-to-book ratio is 10.4x.
Lumax Auto Technologies Ltd is rated Strong with a fundamental score of 69.32/100. This score is calculated from objective financial metrics
Lumax Auto Technologies Ltd has a debt-to-equity ratio of N/A.
Lumax Auto Technologies Ltd's return ratios over recent years
Lumax Auto Technologies Ltd's operating cash flow is positive (FY2025).
Lumax Auto Technologies Ltd's current dividend yield is 0.34%.
Lumax Auto Technologies Ltd's shareholding pattern (Dec 2025)
Lumax Auto Technologies Ltd's promoter holding has remained stable recently.
Lumax Auto Technologies Ltd has been outperforming Nifty 500 for 2 consecutive weeks, indicating early-stage outperformance.
Lumax Auto Technologies Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
Lumax Auto Technologies Ltd has 3 key growth catalysts identified from recent earnings analysis
Lumax Auto Technologies Ltd has 2 key risks worth monitoring
In Q3 FY26, Lumax Auto Technologies Ltd's management highlighted
Lumax Auto Technologies Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Lumax Auto Technologies Ltd may be worth studying
Lumax Auto Technologies Ltd investment thesis summary:
Lumax Auto Technologies Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
