Lumax Industries Limited is the flagship company of the DK Jain Group. It was founded as a trading company in 1945 and today it has evolved as market leader of automobile lighting in the Indian automotive industry. Lumax Industries Limited was founded in 1945 and is based in Gurugram, India. Lumax IndustriesLIL is an Indian auto component manufacturing company that produces automotive lighting systems for four-wheeler and two-wheeler vehicles. Established in 1949 as a trading concern, Lumax got into manufacturing activities in 1957 and now has four manufacturing units based out of Delhi, Faridabad, Gurgaon, and Pune.
The company has established itself as a dominant force in the Indian automotive lighting sector through strategic collaborations and continuous innovation. In 1984, company entered into a technical collaboration with Stanley Electric Co. Ltd., Japan (SECL), which currently holds around 37.5% equity stake in the company. Other 37.5% is held by Indian promoters (D.K. Jain and family).
Lumax Industries Limited manufactures and sells automotive components for in India. The company offers automotive lighting systems, including LED light, headlamps, tail lamps, fog lamps, other lighting components, and auxiliary lamps, as well as electronic components. Company has 29 manufacturing facilities across 7 states in India.
The Company's wide range of product portfolio include end-to-end lighting solutions, such as headlamps, tail lamps, fog lamps, and other lighting components and auxiliary lamps, among others. In addition to lighting products, it also manufactures electronic components for 4-wheelers, 2-wheelers, commercial vehicles, and tractors in the farm equipment segment (FES). The Company sells mainly through business to business (B2B) model to original equipment manufacturers (OEMs). The Company caters to automobile manufacturing in Indian and global markets.
Product Portfolio:
a) Lighting Solutions:
- Front Lighting: - Headlamps, Fog Lamps, Daytime Running Lamps
- Rear Lighting: - Tail Lamps, Rear Combination Lamps, Signal Lamps
- Other Lamps: Side Indicators, Auxiliary Lamps.
The company has built a comprehensive product range that serves diverse automotive segments, positioning itself as a one-stop solution provider for automotive lighting needs.
With renowned customers such as Tata, Ashok Leyland, Ford, and Bajaj, the company exports to markets in the Gulf, African, Southeast Asian, and European countries. This diverse customer base spanning from commercial vehicle manufacturers to passenger car makers demonstrates the company's versatility and market reach.
Lumax Industries Ltd has a market capitalization of ₹3,366 Crore. The company has demonstrated strong financial performance with consistent growth trajectory. Lumax Industries' consolidated net profit increased by 21.90% to ₹43.97 Crore in Q4 March 2025, with sales rising 24.33% to ₹923.37 Crore. For the full year, net profit rose 26.02% to ₹139.91 Crore, and sales increased by 28.97%.
Key financial metrics as of March 2025 include:
- Revenue: ₹923.37 Crore (Q4 FY25)
- Net Profit: ₹43.97 Crore (Q4 FY25)
- Annual Revenue Growth: 29%
- TTM Profit: ₹140 Crore
The board recommended a final dividend of ₹35 per share. This dividend declaration reflects the company's commitment to returning value to shareholders while maintaining growth investments.
The company has undertaken significant capital investments to strengthen its market position and enhance technological capabilities. In 2016, Lumax invested ~₹120 Crore to set up a new automated state-of-the-art design center in Taiwan, while in 2017-18, it inaugurated its 9th lighting manufacturing unit at Sanand, Gujarat. In 2020, the company has expanded its Sanand and Bangalore facilities with a total expenditure of ~₹140.20 Crore.
Furthermore, in 2021 and 2022, the company invested ~₹120.70 Crore and ~₹115.76 Crore respectively into new projects. With commencement of the commercial production of automotive electronic components at Bawal, Haryana in 2022, Lumax has grown significantly and has become a go-to brand for auto component supplies.
Promoter holding in Lumax Industries Ltd has remained stable at 75.00% as of March 2025 (unchanged from June 2024). The chairman of the company is Deepak Jain, and the managing director is Deepak Jain. There is no promoter pledging in Lumax Industries Ltd.
The stable promoter holding and absence of pledging indicates strong corporate governance and promoter confidence in the company's prospects. This ownership structure provides stability and long-term strategic direction to the business operations.
The P/B ratio of Lumax Industries Ltd is 3.84 times as on June 19, 2025, a 9% discount to its peers' median range of 4.20 times. The P/E ratio of Lumax Industries Ltd is 21.27 times as on June 19, 2025, a 40% discount to its peers' median range of 35.39 times.
- Last 1 Month: Lumax Industries Ltd share price moved up by 12.85% on BSE.
- Last 3 Months: Lumax Industries Ltd share price moved up by 55.07% on BSE.
- Last 12 Months: Lumax Industries Ltd share price moved up by 21.68% on BSE.
- Last 3 Years: Lumax Industries Ltd share price moved up by 164.40% on BSE.
The Lumax Industries Ltd's 52-week high share price is ₹3,902.40 and 52-week low share price is ₹2,005.60. The stock has shown resilience and growth potential, making it attractive for investors seeking exposure to the automotive components sector.
The company's strong operational performance, strategic market position, and commitment to innovation position it well for continued growth in India's expanding automotive market. With its comprehensive product portfolio and established customer relationships, Lumax Industries remains a key player in the automotive lighting solutions space.
