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Lumax Auto Technologies Ltd share price today (on 4 October 2023).

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BSE: 532796 | NSE: LUMAXTECH | ISIN: INE872H01019 Market Cap: [Rs.Cr.] 210 | Face Value: [Rs.] 10 Industry: Auto Ancillaries

Founded in the year 1981, Lumax Auto Technologies (LATL) is a part of the D.K. Jain Group of companies that has carved its strong position in automotive parts like sheet metal parts, fabricated assemblies, tubular parts for two wheeler and three wheeler industry. Under the aegis of Mr. D K Jain, today Lumax Technologies has captured sizable market in its arena with an annual turnover of over Rs. 450 Cr.
Lumax Auto Technologies Ltd is a part of the D K Jain Group of companies. The company is engaged in the manufacture of automotive parts like sheet metal parts, fabricated assemblies, tubular parts for two wheeler and three wheeler industries. They operate in two segments, namely Automotive Parts and Trading of Motor Adjusters. They have six manufacturing plants, in which, three are located in Pune, two plants in Aurangabad, and a research and development centre in Pune. The company's product line includes two wheeler chassis, exhaust systems and mufflers, fork and handle bar assemblies, petrol tanks, adjustor motors, auto lightings among numerous others. The company has one wholly owned subsidiary company, namely Lumax DK Auto Industries Ltd. Lumax Auto Technologies Ltd was incorporated on October 30, 1981 as a private limited company with the Lumax Auto-Electricals Pvt Ltd. The company was established to manufacture and supply automotive components at Bhosari. In the year 1988, the company started their second unit at Waluj, Aurangabad for supplying auto parts to Bajaj Auto Ltd. In November 2, 1988, the company changed their name from Lumax Auto-Electricals Pvt Ltd to Dhanesh Auto Electricals Pvt Ltd. In the year 1993, they established R&D centre at Chinchwad, Pune to cater to the development requirement for the new business. In the year 1995, the company started their third unit at Chakan, Pune for manufacturing of exhaust systems and fuel tanks for two wheelers. In the year 1997, they started their fourth unit at Waluj, Aurangabad for the production of motorcycle chassis for Bajaj Auto Limited. In the year 2000, Bajaj Auto Ltd selected the company as a cluster member for TPM Activities.
In the year 2002, the company started lighting Division at Chakan. In March 30, 2002, the company was converted into public limited company and the name was changed to Dhanesh Auto Electricals Ltd. In the year 2004, the company received ISO Certificate for Chakan Unit. In the year 2005, they received ISO Certificate for Bhosari Unit. In January 2006, Lumax DK Auto Industries Ltd became a wholly owned subsidiary of the company. In August 2, 2006, the company changed their name from Dhanesh Auto Electricals Ltd to Lumax Auto Technologies Ltd. During the year 2007-08, the company entered into joint venture agreement with Officine Metallurgiche G Cornaglia, SpA, Italy through their subsidiary Cornaglia Metallurgical Products India Pvt Ltd to manufacture and supply Air Intake Systems and Exhaust Systems to Automobile manufacturers. During the year 2008-09, the company started commercial production of leveling motors unit at Chakan, Pune. They added three new customers, including two for supply of Car Seating Frame and one for export business which will add to the business in future. The joint venture company acquired prestigious orders for Air Intake System from VOLKS WAGEN & SKODA INDIA, making it the single source catering to all the vehicle platforms of these customers. During the year 2009-10, the company started a new trading unit at Manesar, Haryana, for Trading of Adjustor Levellor Motors business. They diversified into Non-Auto Segment business LED based Lightings and other Infrastructural Lightings. Also, they started the commercial production of 'Seat Frame Business'.
In March 2010, the company set up a new plant at Kale-amb in Himachal Pradesh for production of various Auto bulbs and related applications.According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 19.91%, from INR 630.69 tens of millions to INR 756.26 tens of millions. Operating result increased from INR 58.47 tens of millions to INR 64.5 tens of millions which means 10.31% change. The results of the period increased 13.35% reaching INR 49.67 tens of millions at the end of the period against INR 43.82 tens of millions last year. Return on equity (Net income/Total equity) went from 30.96% to 27.18%, the Return On Asset (Net income / Total Asset) went from 14.73% to 14.50% and the Net Profit Margin (Net Income/Net Sales) went from 6.95% to 6.57% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 89.77% compared to 110.67% of last year.

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