Risk factor
Sufficiently resilient to price shocks
Profitability factor
Favourable analyst view
About
Lumax Auto Technologies Limited, an Indian enterprise, is dedicated to the manufacturing and distribution of a wide array of automotive components. The company's comprehensive product lineup includes integrated plastic modules; chassis and swing arms designed for two-wheelers; trailing arms for three-wheelers; and diverse lighting solutions for both two and three-wheel vehicles. It further produces critical components such as gear shifters, shift towers, emission systems, seat frames, and oxygen sensors. Lumax also specializes in advanced automotive technology, offering telematics products, various antenna types (including integrated on-board options), and other electrical devices and components. These offerings primarily cater to original equipment manufacturers (OEMs) of two, three, and four-wheeler commercial and off-road vehicles. Beyond its domestic market presence, the company also engages in the export of its manufactured goods. Founded in 1981, the company was originally named Dhanesh Auto Electricals Limited, before officially changing its name to Lumax Auto Technologies Limited in 2006. Its headquarters are situated in New Delhi, India.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA,
Target Price
The average target price of LUMAXTECH.NS is 1980 and suggests 23.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation