# Lumax Auto Technologies share price today (Lumax Auto Technologies Ltd, NSE: LUMAXTECH)

> Lumax Auto Technologies share price today: ₹2,047.70 at the NSE close on 3 November 2026, up 81.6% in a year. Lumax Auto Technologies (NSE: LUMAXTECH) is worth ₹13,954 crore, trades at a P/E of 37.6 and has closed between ₹1,200.20 and ₹2,102.70 over the past 52 weeks. > Lumax Auto Technologies Ltd's results are improving, and its P/E is near the top of its own history, higher than 86% of past readings. LUMAXTECH · Auto Ancillaries - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹2,047.70 (+81.6% in a year)
- P/E: 37.6× (higher than 86% of the last 11 years)
- Revenue (Sep 2026): ₹1,556 Cr (+34.6% on a year ago)
- Profit (Sep 2026): ₹117 Cr (+50.0% on a year ago)
- Operating margin: 13.0% (flat on a year ago)
- ROCE: 21%, FY26
- ROIC: 19.6%, against a 12.0% cost of capital: +7.6 points

The main question: results are strong, and the P/E is higher than 86% of its own history. ## What is the Lumax Auto Technologies share price today? Lumax Auto Technologies Ltd's share price was ₹2,047.70 at the close on 3 November 2026. It has been rising for 77 weeks. That is 21.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,200 and ₹2,103, and at that close it sat 94% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +3,506% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Lumax Auto Technologies this quarter? Three changes stood out: revenue up on a year earlier for 13 quarters in a row (every quarter we can compare), profit up on a year earlier for 13 quarters in a row (every quarter we can compare) and foreign funds (FIIs) raised their stake for 6 quarters in a row. 1. Revenue up on a year earlier for 13 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹1,556 crore, +34.6% on a year earlier. Why: Revenue rose because the Advanced Plastics business, mostly IAC, sold much more, and the Mechatronics and CNG parts businesses also grew. From the earnings call on 27 Oct 2026. 2. Profit up on a year earlier for 13 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹117 crore, +50% on a year earlier. Why: Profit rose because the Advanced Plastics business, led by IAC, sold much more. Next results: check whether car makers pay back higher material costs quickly so the margin does not get squeezed. From the earnings call on 27 Oct 2026. 3. Foreign funds (FIIs) raised their stake for 6 quarters in a row From 5.3% to 8.9% of the company by the September 2026 quarter. ## What are Lumax Auto Technologies' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Lumax Auto Technologies reported revenue of ₹1,556 crore, up 34.6% from ₹1,156 crore a year earlier, and a profit of ₹117 crore, up 50.0% from ₹78.0 crore. ### Lumax Auto Technologies results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,556 crore | ₹1,156 crore | +34.6% |
| Profit | ₹117 crore | ₹78.0 crore | +50.0% |
| Earnings per share | ₹15.48 | ₹9.81 | +57.8% |
| Operating margin | 13.0% | 13.0% | 0.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Lumax Auto Technologies' management discussed these results on a call held on 27 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Lumax Auto Technologies share price history? Lumax Auto Technologies closed at ₹2,047.70 on 3 November 2026, up 81.6% from ₹1,127.70 a year earlier (31 October 2025) and up 1,474.5% over five years. Its highest weekly close since February 2016 was ₹2,102.70 on 18 September 2026. ### Lumax Auto Technologies share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,807.70 | +13.3% |
| 1 month ago · 1 Oct 2026 | ₹1,978.90 | +3.5% |
| 6 months ago · 30 Apr 2026 | ₹1,621.40 | +26.3% |
| 1 year ago · 31 Oct 2025 | ₹1,127.70 | +81.6% |
| 3 years ago · 3 Nov 2023 | ₹366.10 | +459.3% |
| 5 years ago · 4 Nov 2021 | ₹130.05 | +1,474.5% |
| 10 years ago · 4 Nov 2016 | ₹99.75 | +1,952.8% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹56.78 | +3,506.4% |
| Highest weekly close since February 2016, also the 52-week high · 18 Sep 2026 | ₹2,102.70 | −2.6% |
| Lowest weekly close since February 2016 · 3 Apr 2020 | ₹48.95 | +4,083.2% |
| 52-week low (weekly close) · 7 Nov 2025 | ₹1,200.20 | +70.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (566 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Lumax Auto Technologies? 3 Nov 2026: Lumax Auto Technologies closed at ₹2,047.70, up 13.3% on the week and up 3.5% on the month. 27 Oct 2026: Lumax Auto Technologies held its results call for July to September 2026. Management guided: FY27 revenue growth 20-25% (about ₹6,000 crore); H2 growth 15-20% on a year earlier on a higher base; order-book execution staged 14%/59%/27% across FY27-FY29. ### Earlier

- Results for July to September 2026: Revenue up 34.6% and profit up 50.0% on a year earlier. - 6 Aug 2026: ex-date for a dividend of ₹5.50 a share. ## What dividend does Lumax Auto Technologies pay? Lumax Auto Technologies paid ₹5.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.27% at the ₹2,047.70 close on 3 November 2026. The last was a dividend of ₹5.50 a share, ex-date 6 August 2026. ### Lumax Auto Technologies dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 6 Aug 2026 | ₹5.50 | Dividend |
| 7 Aug 2025 | ₹5.50 | Dividend |
| 9 Sep 2024 | ₹5.50 | Dividend |
| 10 Aug 2023 | ₹4.50 | Dividend |
| 8 Jul 2022 | ₹3.50 | Dividend |
| 20 Aug 2021 | ₹3 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Lumax Auto Technologies Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Lumax Auto Technologies management say on the latest results call? On the call for July to September 2026, held on 27 October 2026, Lumax Auto Technologies' management guided: FY27 revenue growth 20-25% (about ₹6,000 crore); H2 growth 15-20% on a year earlier on a higher base; order-book execution staged 14%/59%/27% across FY27-FY29. > “I think the only change I would like to mention is that we are much more confident that if the industry continues to grow with the same momentum, a 20% organic CAGR could be achievable. If we were to take positions inorganically, it would then cross the 20% CAGR and deliver higher top-line growth.”
> Anmol Jain, on the call for July to September 2026

### What management guided

- FY27 operating margin about 15%; FY28 absolute operating profit about ₹1,000 crore; margin ambition 17-18% over the next few years, inching toward 20% over 5-7 years. - FY27 capital spending around ₹300 crore; Manesar facility spending around ₹150 crore, phased from October to December 2027, with peak annual turnover around ₹500 crore. - NorthStar goals 20% revenue yearly growth from FY25 to FY31 and about ₹11,000 crore revenue by FY31. - IAC Chakan Plant 4 launch expected in December-January, with efficiency results to follow after start-up. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4683-27-Oct-2026.pdf). (From the call for July to September 2026, 27 October 2026.)

## What is the future of Lumax Auto Technologies? What is changing in the business? What is changing at Lumax Auto Technologies, from the latest results and calls: mechatronics scale-up, advanced plastics and iac capacity and green fuel localization. - Mechatronics scale-up. Connected-vehicle products and the Manesar consolidation create a defined route to larger revenue contribution. ✓ fact
- Advanced Plastics and IAC capacity. New capacity is being aligned with named OEM demand and existing order-book execution. ✓ fact
- Green Fuel localization. CNG localization and a Mahindra program add content opportunities beyond legacy component supply. ✓ fact
- Operating leverage with cash support. Revenue growth and stable cash-conversion-cycle days give the expansion a cash-quality receipt. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is Lumax Auto Technologies' order book? Mechatronics revenue increased 56% on a year earlier to ₹84 crore and divisional order book was close to ₹500 crore. - Advanced Plastics revenue rose 47% on a year earlier to ₹769 crore and the division had a ₹787 crore order book. ✓ fact
- Alternate Fuels revenue grew 17% on a year earlier to ₹111 crore and its order book was ₹200 crore. ✓ fact
- The June call scheduled 25% of the order book for FY27, 54% for FY28 and 21% for FY29. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Lumax Auto Technologies story? What are the risks? A sustained fall in operating margin below the current band alongside delayed capacity commissioning or weaker order conversion would break the case that higher content and utilization can support earnings growth. ### Each change stops working if

- Mechatronics scale-up: Technology pilots and customer awards do not convert into serial production after the facility is ready. - Advanced Plastics and IAC capacity: New capacity is commissioned without incremental OEM volumes or customer diversification. - Green Fuel localization: CNG program volumes or localization wins fail to move from the first model into broader customer adoption. - Operating leverage with cash support: Margin contracts while receivables and inventory increase faster than payables and revenue. ### The main risks

- Order-book timing drift: Management shifted more expected execution from FY27 into FY28 without a quantified timing bridge. ⚠ estimate
- OEM pricing and commodity lag: Raw-material recovery depends on customer pass-through and product mix. ⚠ estimate
- Minority-interest forecast change: The expected minority-interest range was reduced after strategic consolidation without a full reconciliation. ⚠ estimate
- Aftermarket recovery: Non-lighting aftermarket demand was weaker after price increases. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Lumax Auto Technologies' next results? When Lumax Auto Technologies reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Aftermarket recovery, particularly whether non-lighting demand strengthens. - What to check (from the call)
- Aftermarket recovery, particularly whether non-lighting demand strengthens. - OEM recovery of input inflation and whether the margin pass-through lag stays contained. - Chakan IAC production start and the first center-of-competence efficiency evidence. - Nashik supply ramp to M&M and conversion of Maruti wins into regular deliveries. ## Which stock lists is Lumax Auto Technologies on? Lumax Auto Technologies is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 13729.430167597766](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 465](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Lumax Auto Technologies profitable? Lumax Auto Technologies Ltd earned ₹117 Cr of net profit in the Sep 2026 quarter, +50.0% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹337 Cr. Over 10 years profit has grown 25.8% a year on average. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹78.0 Cr. For the full year, FY26 profit was ₹337 Cr (+47.2% on the year before). Why profit moved: revenue changed +34.6% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +62.2% and revenue +33.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Lumax Auto Technologies make, and is it growing? Lumax Auto Technologies Ltd reported ₹1,556 Cr of revenue in the Sep 2026 quarter, +34.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 18.4% a year on average. The last full year, FY26, came in at ₹4,870 Cr. Why this happened. The latest call reported Mechatronics revenue growth and described a divisional order book, while the Manesar facility is intended to consolidate several technology ventures. This is the Value Chain Climb model: higher-content systems can lift revenue per vehicle if customer launches convert. The last four reported quarters add to ₹5,608 Cr. FY26 revenue was ₹4,870 Cr, +33.9% on the year before. Recent pace: the last four quarters grew +33.2% on average, against 18.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +32.9%, against +34.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +57.5%, against +47.9% a year (accelerating). ## How much of every ₹100 of sales does Lumax Auto Technologies keep? Lumax Auto Technologies Ltd's operating margin was 13.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 14.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed −2.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Lumax Auto Technologies' profit turning into cash? Over the last 3 years, 138% of Lumax Auto Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹460 Cr of operating cash against ₹337 Cr of profit. After ₹375 Cr of spending on assets, ₹85.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 138% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building. ## Where does Lumax Auto Technologies' cash go? Lumax Auto Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 20 days in FY26, up from 14 days in FY21. It spent ₹966 Cr on assets over the last 3 years. Customers take 76 days to pay, and stock sits for 52 days on average. Why this happened. Advanced Plastics reported faster growth in the latest call and management linked the Chakan plant to Mahindra demand. The Capex Inflection Point applies only if commissioning and utilization follow the stated order-book schedule. At FY26 sales of ₹4,870 Cr, each day of that cycle ties up about ₹13.3 Cr, so roughly ₹267 Cr is tied up in the business at any time. FY26: customers took 76 days to pay and stock sat for 52 days, about 1.7 months of sales sitting as stock, for a full cycle of 20 days, longer than FY21's 14. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 52 days. Customers pay about 76 days after that. Suppliers are paid at 108 days. Together that makes the 20-day cycle. Spending on assets: ₹966 Cr over the last 3 years, against ₹426 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹65.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Lumax Auto Technologies' P/E ratio, and how does it compare with its own history? Lumax Auto Technologies Ltd's P/E is 37.6×, near the high end of its own history: higher than 86% of past readings. Its usual P/E (the middle reading) is 22.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹53.22. Why the multiple is where it is: over the past year earnings per share moved +56.9% while the price moved +81.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +73.6% a year; about +42.4% a year came from earnings growth and about +31.2 percentage points from the multiple (the market paying more); over 10 years the price moved +35.3% a year; about +25.1% a year came from earnings growth and about +10.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Lumax Auto Technologies share price assume? Worked out from its price on 26 August 2026, Lumax Auto Technologies Ltd's share price assumed profit growth of about 20.0% a year. Over the past 10 years its profit actually grew 25.8% a year. Today its P/E is 37.6×, higher than 86% of its own last 11 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Lumax Auto Technologies business getting better or worse? Lumax Auto Technologies Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 29.9%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Lumax Auto Technologies story, and has it been checked? Lumax Auto Technologies Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: peak. Our read, 22 August 2026. From the numbers. The operating cycle is at a peak. From the price. Price stage 2, week 77, above its 200-day line, relative strength rising. From the research. Where they disagree. The operating cycle is at a peak. What is proven. What is not proven yet. A sustained fall in operating margin below the current band alongside delayed capacity commissioning or weaker order conversion would break the case that higher content and utilization can support earnings growth. What would change our mind. A sustained fall in operating margin below the current band alongside delayed capacity commissioning or weaker order conversion would break the case that higher content and utilization can support earnings growth. The test written in advance. A sustained fall in operating margin below the current band alongside delayed capacity commissioning or weaker order conversion would break the case that higher content and utilization can support earnings growth. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Order-book timing drift. Measured by: Order-book timing drift FY27 order execution remains below the stated share of the June schedule. by the next result. What the company does. Revenue and reported PAT rose sharply in the latest quarter, while operating margin remained at the top of the company’s recorded band. Mechatronics, Green Fuel and Advanced Plastics supply named growth paths, supported by an order book and new capacity plans. What the surface reading misses. The surface reading is: A 14% operating margin indicates current profitability is elevated. The research reads it further: The latest margin coincides with higher revenue, while management attributes the move to mix, efficiency and utilization; the deterministic margin history places the current level near the top of its own band. What the surface reading misses. The surface reading is: Cash conversion above one indicates cash generation exceeds reported profit. The research reads it further: Cash was not retained as free cash because capex absorbed a large share, but cash-conversion-cycle days remained broadly stable as revenue scaled. Lever 1 · Operating leverage: building. Revenue growth and stable cash-conversion-cycle days give the expansion a cash-quality receipt. What proves it keeps working: Operating leverage with cash support. It stops working if Margin contracts while receivables and inventory increase faster than payables and revenue. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Lumax Auto Technologies management deliver what it promised? What Lumax Auto Technologies Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Manesar Mechatronics Plant Timeline Reset · 27 October 2026. In the Aug 2026 call, management said the previously announced Manesar plant would be commissioned by Q3 of this year. In the Oct 2026 call, the schedule moved to starting Q3 FY28, a major delay for a facility tied to consolidation, fixed-cost optimization, and a stated 500-crore peak turnover, with no explanation for the reset. Organic Growth Assumption Shifted from 15% to 20% · 27 October 2026. Both Jun and Aug 2026 described the 20% objective as a mix of organic growth and acquisitions, with Aug specifically retaining a 15% organic CAGR. while it cites greater confidence and industry momentum, it provides no quantified bridge for this material change in the long-term growth and acquisition assumptions. Aftermarket Near-Term Confidence Softened · 27 October 2026. In Aug 2026, management expressed confidence in double-digit aftermarket growth for the remaining part of the year. In Oct 2026, after H1 growth of only 9%, management no longer reaffirmed that near-term goal and instead described 15-20% growth over a 3-5-year horizon, a material shift in confidence and timing even though it attributed the weak H1 to inflationary price pass-through. Minority Interest Outlook Reduced · 11 August 2026. The latest call lowers the expected minority-interest range to 11%-13%, compared with the 15%-17% range communicated in the February 2026 call and the 17% level expected to remain similar in the June 2026 call. Although the latest call attributes the change to strategic consolidation, it does not quantify or reconcile why the ongoing minority share should decline materially, which could affect consolidated PAT modeling. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Lumax Auto Technologies earn on its capital? Lumax Auto Technologies Ltd earned a ROCE of 21% in FY26. That is up from a low of 13% in FY21. Its return on capital used (ROIC) is 7.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.9% net margin and 1.23× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.9% net margin × 1.23× asset turnover × 3.26× leverage (assets divided by equity) ≈ 27.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 19.6% − 12.0% = +7.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 19.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 18.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Lumax Auto Technologies have too much debt? Lumax Auto Technologies Ltd has total debt of ₹1,140 Cr against shareholder equity of ₹1,691 Cr as of Sep 2026, so its debt is 0.67× its equity. Year by year, that ratio went from 0.27 in FY22 to 0.83 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. The Operating Leverage Catapult is partly visible in higher revenue and retained operating margin. Operating cash exceeded PAT over the latest year and the recent aggregate, while the cash-conversion cycle stayed broadly stable despite revenue growth. ## What is the Lumax Auto Technologies shareholding pattern? Foreign institutions raised their stake in Lumax Auto Technologies Ltd by 3.2 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 8.9% of the company. Domestic institutions moved +0.9 points over the same period, to 17.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +3.2 points over 8 quarters, to 8.9%; Domestic institutions: +0.9 points over 8 quarters, to 17.1%; Promoters: +0.0 points over 8 quarters, to 56.0%. Why the owners changed: foreign institutions drove it (+3.2 points), together with domestic institutions (+0.9 points). They raised their stake step by step. ## How far is Lumax Auto Technologies from balance-sheet trouble? For Lumax Auto Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Lumax Auto Technologies rank in its industry? 76.2 out of 100, rank 1 of 21 in Auto Ancillaries - Diversified, with 100% of the evidence available. Lumax Auto Technologies Ltd scores 76.2 out of 100 against the 21 companies it is compared with in Auto Ancillaries - Diversified, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.1 + 19.2 + 11.1 + 18.8 = 76.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Lumax Auto Technologies compared with? Lumax Auto Technologies ranks 1 of 21 Auto Ancillaries - Diversified companies on the 4-Factor Sector Score, with 76.2 out of 100. 1. Lumax Auto Technologies Ltd this page LUMAXTECH · breaking out · Most evidence points up · 100% evidence 76.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.9% · Profit 57.5% · Operating margin change 0 points · 100% evidence Capital efficiency 19.2/25 · ROCE 21.2% · Operating margin 13% · 100% evidence Valuation 11.1/20 · P/E 37.2× · PEG 0.75 · 100% evidence Relative strength 18.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 27.5% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 19.2 + 11.1 + 18.8 = 76.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) SJS · losing its lead · Most evidence points up · 96% evidence 71.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.0/35 · Revenue 28.6% · Profit 67.5% · Operating margin change 2 points · 88% evidence Capital efficiency 22.0/25 · ROCE 28.6% · Operating margin 29% · 100% evidence Valuation 12.1/20 · P/E 35.1× · PEG 0.89 · 100% evidence Relative strength 8.7/20 · Lead over its industry 0.6% · Lead over NIFTY 500 11.7% · 1 year 28.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 29 + 22 + 12.1 + 8.7 = 71.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) OBSCP · leader · Most evidence points up · 75% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 82.9% · Profit 100% · Operating margin change -1 points · 95% evidence Capital efficiency 16.8/25 · ROCE 19.5% · Operating margin 17% · 76% evidence Valuation 9.0/20 · P/E 55.2× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 58.5% · Lead over NIFTY 500 70.6% · 1 year 162.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 16.8 + 9 + 18.9 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) SANSERA · leader · Evidence leans up · 96% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 52.2% · Operating margin change 2 points · 88% evidence Capital efficiency 11.6/25 · ROCE 14.5% · Operating margin 19% · 100% evidence Valuation 6.9/20 · P/E 68.9× · PEG 1.29 · 100% evidence Relative strength 18.6/20 · Lead over its industry 43.4% · Lead over NIFTY 500 56.1% · 1 year 171.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 11.6 + 6.9 + 18.6 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) CARRARO · quiet · Evidence leans up · 89% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 26.3% · Profit 47.8% · Operating margin change -2 points · 88% evidence Capital efficiency 18.4/25 · ROCE 29.3% · Operating margin 8% · 100% evidence Valuation 15.6/20 · P/E 19.5× · PEG 0.42 · 65% evidence Relative strength 3.9/20 · Lead over its industry -15.6% · Lead over NIFTY 500 -5% · 1 year -8.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.6 + 18.4 + 15.6 + 3.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) JAYBARMARU · quiet · Evidence leans up · 96% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 13.3% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 12.5/25 · ROCE 16.6% · Operating margin 10% · 100% evidence Valuation 19.4/20 · P/E 9× · PEG 0.39 · 100% evidence Relative strength 6.3/20 · Lead over its industry -3.1% · Lead over NIFTY 500 7% · 1 year 27.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 12.5 + 19.4 + 6.3 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) CRAFTSMAN · leader · Evidence leans up · 82% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 35.9% · Profit 100% · Operating margin change -2 points · 95% evidence Capital efficiency 11.8/25 · ROCE 13.9% · Operating margin 13% · 76% evidence Valuation 7.1/20 · P/E 50.6× · PEG n/a · 50% evidence Relative strength 15.7/20 · Lead over its industry 12.6% · Lead over NIFTY 500 24.7% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 11.8 + 7.1 + 15.7 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) BOSCHLTD · leader · Evidence leans up · 78% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 13.6% · Profit -11.4% · Operating margin change 1 points · 83% evidence Capital efficiency 17.7/25 · ROCE 21.5% · Operating margin 14% · 76% evidence Valuation 6.0/20 · P/E 58.9× · PEG n/a · 50% evidence Relative strength 18.0/20 · Lead over its industry 13.3% · Lead over NIFTY 500 26.1% · 1 year 26.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 17.7 + 6 + 18 = 57.6 · What this means: Relative strength against the index is 26.1%, and revenue and profit growth are weak. 9. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) MINDACORP · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 26.6% · Profit 94.9% · Operating margin change 0 points · 88% evidence Capital efficiency 9.7/25 · ROCE 12.7% · Operating margin 11% · 100% evidence Valuation 8.4/20 · P/E 37.5× · PEG 1.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 9% · 1 year 12.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 27.1 + 9.7 + 8.4 + 11 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) SUPRAJIT · losing its lead · Evidence leans up · 81% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 18.4% · Profit 73.2% · Operating margin change 3 points · 88% evidence Capital efficiency 12.6/25 · ROCE 15.5% · Operating margin 12% · 100% evidence Valuation 5.1/20 · P/E 34.6× · PEG 5.51 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year 6.1% · 25% evidence · 7 of 12 weeks ahead Exact sum: 26.6 + 12.6 + 5.1 + 10.9 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) VARROC · leader · Evidence leans up · 81% evidence 52.6 out of 100 Growth Capital Valuation Relative
12. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ACGL · quiet · Evidence leans up · 85% evidence 51.6 out of 100 Growth Capital Valuation Relative
13. [Samvardhana Motherson International Ltd](https://www.sectoralpha.in/stocks/samvardhana-motherson-international-ltd) MOTHERSON · leader · Evidence leans down · 96% evidence 48.7 out of 100 Growth Capital Valuation Relative
14. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) MUNJALAU · losing its lead · Evidence leans down · 78% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) MSUMI · basing · Evidence leans down · 100% evidence 47.1 out of 100 Growth Capital Valuation Relative
16. [Sharda Motor Industries Ltd](https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd) SHARDAMOTR · losing its lead · Evidence leans down · 96% evidence 46.3 out of 100 Growth Capital Valuation Relative
17. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) NDRAUTO · quiet · Evidence leans down · 96% evidence 45.9 out of 100 Growth Capital Valuation Relative
18. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ENDURANCE · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
19. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ZFCVINDIA · quiet · Evidence leans down · 96% evidence 36.7 out of 100 Growth Capital Valuation Relative
20. [Mercury EV-Tech Ltd](https://www.sectoralpha.in/stocks/mercury-ev-tech-ltd) MERCURYEV · quiet · Most evidence points down · 68% evidence 31.1 out of 100 Growth Capital Valuation Relative
21. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) PRECAM · quiet · Most evidence points down · 81% evidence 25.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Diversified](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified), all 21 compared on one page. ## Which companies are close to Lumax Auto Technologies in size? Lumax Auto Technologies is the 9th largest of 21 Auto Ancillaries - Diversified companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: ZF Commercial Vehicle Control System India, Motherson Sumi Wiring India and Minda Corporation. Just below it: Varroc Engineering, S J S Enterprises and Suprajit Engineering. ### Auto Ancillaries - Diversified companies close in size

1. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ₹23,916 crore
2. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) ₹23,304 crore
3. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) ₹15,121 crore
4. Lumax Auto Technologies Ltd ₹13,786 crore
5. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) ₹11,706 crore
6. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) ₹6,694 crore
7. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) ₹6,502 crore

[All 21 Auto Ancillaries - Diversified companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified#all-companies)

### Companies close in size in other industries

1. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) ₹13,836 crore · Mining/Minerals
2. [Sedemac Mechatronics Ltd](https://www.sectoralpha.in/stocks/sedemac-mechatronics-ltd) ₹13,791 crore · Electronics - Power Devices/Equipment
3. Lumax Auto Technologies Ltd ₹13,786 crore
4. [Shreeji Shipping Global Ltd](https://www.sectoralpha.in/stocks/shreeji-shipping-global-ltd) ₹13,739 crore · Shipping/Dredging
5. [Avalon Technologies Ltd](https://www.sectoralpha.in/stocks/avalon-technologies-ltd) ₹13,713 crore · Consumer Electronics - EMS

## What else do people ask about Lumax Auto Technologies? ### What is Lumax Auto Technologies's share price today? Lumax Auto Technologies Ltd's share price is ₹2,047.70, +81.6% over the past year. The whole company is worth ₹13,954 Cr on the market. In the last 52 weeks it traded between ₹1,200 to ₹2,103; today it is 94% of the way up from the low, 21.2% above its 200-day average (as of 3 November 2026). ### What were Lumax Auto Technologies's latest quarterly results? Lumax Auto Technologies Ltd reported revenue of ₹1,556 Cr and net profit of ₹117 Cr for the Sep 2026 quarter. Revenue rose 34.6% and profit rose 50.0% compared with a year earlier. Earnings per share were ₹15.48. The operating margin was 13.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Lumax Auto Technologies's market cap? Lumax Auto Technologies Ltd's market capitalisation is ₹13,954 Cr at a share price of ₹2,047.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Lumax Auto Technologies performing? Lumax Auto Technologies Ltd's share price has been rising for 77 weeks. In its latest quarter, revenue rose 34.6% and profit rose 50.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Lumax Auto Technologies's share price go up? This page does not forecast Lumax Auto Technologies Ltd's share price. What it shows instead: the share price is ₹2,047.70, and it has been rising for 77 weeks. Its P/E of 37.6× is higher than 86% of its own last 11 years (as of 3 November 2026). ### Who owns Lumax Auto Technologies? Promoters own 56.0% of Lumax Auto Technologies Ltd, foreign institutions 8.9%, domestic institutions 17.1% and the public 18.0% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 3.2 percentage points over 8 quarters (as of 3 November 2026). ### Does Lumax Auto Technologies have too much debt? Yes, Lumax Auto Technologies Ltd has a lot of debt: its debt is 1.02× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹1,231 Cr against equity of ₹1,211 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Lumax Auto Technologies in its business cycle? Lumax Auto Technologies Ltd's FY26 operating margin was 14.0%, against a 13-year range of 8.0% to 14.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 13.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Lumax Auto Technologies story? The main question: results are strong, and the P/E is higher than 86% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Lumax Auto Technologies a stock worth studying right now? What the numbers show: Lumax Auto Technologies Ltd's results are improving, and its P/E is near the top of its own history, higher than 86% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Lumax Auto Technologies share price forecast for 2026? What management itself guided: FY27 revenue growth 20-25% (about ₹6,000 crore); H2 growth 15-20% on a year earlier on a higher base; order-book execution staged 14%/59%/27% across FY27-FY29. What is changing at Lumax Auto Technologies, from the latest results and calls: mechatronics scale-up, advanced plastics and iac capacity and green fuel localization. What would change the story: A sustained fall in operating margin below the current band alongside delayed capacity commissioning or weaker order conversion would break the case that higher content and utilization can support earnings growth. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.