$LUMAXIND

On a consolidated basis, Lumax’s revenue hit about ₹4,184 crore in FY26, its highest ever, up roughly low‑20s percent versus last year. Profit after tax rose from about ₹13,991 crore‑equivalent (₹13,990.87 lakh) to ₹17,246.89 lakh, so profit is up around 20–25%. EPS has moved from ₹149.67 to ₹184.50, and the company has hiked the final dividend from ₹35 to ₹55 per share, which is a big bump and a clear confidence signal from management. Versus its own past For the last few quarters, Lumax has been compounding nicely with strong Q2 and record Q3 numbers; FY26 basically continues that trend rather than being a one‑off spike. Margins have inched up to around 10% EBITDA for the year, and leverage has improved (debt‑equity moving down towards ~0.9x), which makes the growth healthier, not just “volume‑driven.” Versus peers and the market The auto‑component industry is in a growth phase, with the broader sector targeting high‑teens/20% type growth in the medium term. Key competitor Uno Minda’s lighting business has been growing a bit faster (~30% YoY) with slightly higher margins (~11%+ EBITDA), so Lumax is competitive but not the absolute star of the pack. My verdict If I had to tag it, I’d call this result “good and reassuring”: solid growth, cleaner balance sheet, higher dividend and continued momentum, even though one peer is growing a bit faster.