Buy Lumax Industries, target price Rs 1582: HDFC Securities

HDFC Securities has buy call on Lumax Industries with a target price of Rs 1582. The current market price of Lumax Industries is Rs 1421. Time period given by analyst is six months when Lumax Industries Ltd. price can reach defined target.

Lumax Industries Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 1315.69 Crore) operating in Auto Ancillaries sector.

Lumax Industries Ltd. key Products/Revenue Segments include Automotive Lamps, Tools, Dies And Moulds, Sale of services, Traded Goods, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 552.89 Crore, up 26.06 % from last quarter Total Income of Rs 438.58 Crore and up 6.27 % from last year same quarter Total Income of Rs 520.26 Crore. Company reported net profit after tax of Rs 25.84 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.25 per cent, DIIs 0.36 per cent.