The global auto components and equipment sector is a dynamic and rapidly expanding industry, valued at over $2 trillion in 2024 and projected to reach $2.4 trillion by 2030, growing at a 2.8% CAGR.
India’s auto component industry is expected to surpass $80 billion in FY2025, with exports hitting $21.3 billion and EV components contributing 6% of total production. This sector supports vehicle manufacturing, maintenance, and customization worldwide.
With a market capitalization of Rs 7,069.66 crore, the shares of Lumax Auto Technologies Ltd were trading at Rs 1,037.25 per share, increased around 1.53 percent as compared to the previous closing price of Rs 1,021.60 apiece.
Lumax Auto Technologies forecasts 20–25 percent revenue growth in FY26, driven by a strong order book, rising wallet share, and recent acquisitions. It targets an 80–100 bps EBITDA margin expansion, aiming for 20 percent margins by FY31. The Greenfuel acquisition is expected to contribute Rs 300 crore in FY26, scaling to Rs 800–1,000 crore by FY31.
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Looking forward to the company’s financial performance, revenue increased by 50 percent from Rs 757 crore in Q4FY24 to Rs 1,133 crore in Q4FY25. Further, during the same time frame, net profit increased by 56 percent from Rs 51 crore to Rs 80 crore.
The company is expanding its product portfolio with cockpit assemblies for Mahindra’s Thar ROXX, BE6, and XEV 9e, gear shifters and shark fin antennas for Honda Amaze, and counter box, receptacle assemblies for Maruti Suzuki’s new Swift. It also plans new aftermarket launches in 2W (CDI, motors) and 4W (suspension, brakes).
The company holds a strong ₹1,300 crore order book, with 26% to materialize in FY26. Advanced plastics lead contributions, followed by mechatronics and control systems. BEV platforms account for ₹500 crore (~40%), with the high content value of ₹40–45k per Mahindra BEV vehicle.
For FY26, the company plans capex of ₹175–200 crore, in line with FY25, including possible land acquisition. It aims to reduce long-term debt-to-equity below 0.7–0.8x. No major acquisitions are planned, with focus shifting to the consolidation of recent deals and driving organic growth.
Lumax Auto Technologies Limited commenced its operations with the manufacture of two-wheeler lighting. The Company is engaged with original equipment manufacturers (OEMs) in the passenger vehicle, two-wheeler, three-wheeler, commercial vehicle, and off-road vehicle segments.
Written by Abhishek Singh
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