Lumax Industries Emerges as Multibagger with 101.87% Return Over the Past Year

Lumax Industries Ltd, a prominent player in the Auto Components & Equipments sector, continues to showcase remarkable performance, solidifying its position as a multibagger stock. Over the past year, Lumax Industries has achieved an impressive return of 101.87%, significantly outpacing the Sensex, which recorded a modest 7.29% during the same period.
The company has demonstrated consistent growth, with its operating profit increasing at an annual rate of 64.57%. Lumax Industries has reported positive results for four consecutive quarters, highlighting its robust financial health. Notably, the company achieved its highest quarterly net sales of Rs 1,008.60 crore and an operating profit to interest ratio of 4.72 times, indicating strong operational efficiency.

With a market capitalization of Rs 4,653.77 crore, Lumax Industries is classified as a small-cap stock. Its price-to-earnings ratio stands at 31.03, which is favorable compared to the industry average of 39.11. The company’s return on capital employed (ROCE) is recorded at 10.6, reflecting a fair valuation in the current market landscape.

Overall, Lumax Industries Ltd continues to deliver impressive results, reinforcing its status as a key player in the auto components industry.