Lumax Auto Technologies Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 2.65 15.10 6.66 8.12
Op profit growth (10) 39 6.86 2.38
EBIT growth (18) 51.50 10.40 5.39
Net profit growth 19.10 41.30 8.60 (29)
Profitability ratios (%)        
OPM 7.97 9.14 7.57 7.55
EBIT margin 6.53 8.18 6.22 6.01
Net profit margin 5.09 4.39 3.57 3.51
RoCE 13.30 18.80 15.10 16.20
RoNW 3.23 2.96 2.64 2.93
RoA 2.59 2.51 2.16 2.37
Per share ratios ()        
EPS 8.69 41.90 29.40 24
Dividend per share 3 10 4.70 4.70
Cash EPS 3.45 17.20 8.05 8
Book value per share 65.50 331 273 207
Valuation ratios        
P/E 5.74 3.96 3.36 2.60
P/CEPS 14.50 9.62 12.30 7.81
P/B 0.76 0.50 0.36 0.30
EV/EBIDTA 3.04 9.48 7.99 5.99
Payout (%)        
Dividend payout -- 28 18.60 26.90
Tax payout (21) (33) (28) (31)
Liquidity ratios        
Debtor days 75.70 71.60 62.70 62.20
Inventory days 22.80 21.90 21.40 21.10
Creditor days (74) (74) (63) (64)
Leverage ratios        
Interest coverage (7.80) (32) (16) (11)
Net debt / equity -- (0.10) -- 0.09
Net debt / op. profit (0.10) (0.30) (0.10) 0.37
Cost breakup ()        
Material costs (68) (70) (71) (73)
Employee costs (12) (10) (9.90) (8.60)
Other costs (13) (11) (11) (11)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,141 1,111 965 905
yoy growth (%) 2.65 15.10 6.66 8.12
Raw materials (772) (778) (690) (658)
As % of sales 67.70 70 71.40 72.70
Employee costs (135) (111) (96) (78)
As % of sales 11.80 9.99 9.89 8.64
Other costs (143) (121) (107) (100)
As % of sales 12.50 10.90 11.10 11.10
Operating profit 91 102 73.10 68.40
OPM 7.97 9.14 7.57 7.55
Depreciation (35) (25) (24) (21)
Interest expense (9.60) (2.80) (3.80) (4.70)
Other income 18.10 14.60 10.50 6.85
Profit before tax 65 88.10 56.20 49.60
Taxes (14) (29) (16) (15)
Tax rate (21) (33) (28) (31)
Minorities and other 7.03 (8.40) (5.60) (2.40)
Adj. profit 58.30 51 34.80 31.80
Exceptional items -- (2.30) (3.20) --
Net profit 58 48.70 34.50 31.80
yoy growth (%) 19.10 41.30 8.60 (29)
NPM 5.09 4.39 3.57 3.51
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 65 88.10 56.20 49.60
Depreciation (35) (25) (24) (21)
Tax paid (14) (29) (16) (15)
Working capital 125 34.20 94.80 52
Other operating items -- -- -- --
Operating cashflow 141 68.30 112 65.30
Capital expenditure 443 297 164 37.40
Free cash flow 584 365 275 103
Equity raised 502 572 527 457
Investments 42.80 123 65.60 3.01
Debt financing/disposal 97.80 12.10 10.20 (13)
Dividends paid -- 13.60 6.41 7.13
Other items -- -- -- --
Net in cash 1,227 1,085 885 557
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 13.60 13.60 13.60 13.60
Preference capital -- -- -- --
Reserves 433 467 438 358
Net worth 446 480 451 371
Minority interest
Debt 94.90 69.70 10.80 35.20
Deferred tax liabilities (net) 20.50 26.70 26.40 22
Total liabilities 604 619 519 451
Fixed assets 376 330 285 262
Intangible assets
Investments 62.20 120 142 84.90
Deferred tax asset (net) 7.75 7.66 6.63 5.20
Net working capital 54.40 105 45.90 58
Inventories 64.40 59.50 78 55.40
Inventory Days 20.60 -- 25.60 20.90
Sundry debtors 193 278 281 155
Debtor days 61.70 -- 92.10 58.80
Other current assets 61.50 85.10 33 26.10
Sundry creditors (157) (239) (270) (141)
Creditor days 50.40 -- 88.80 53.40
Other current liabilities (107) (79) (75) (38)
Cash 104 56.50 38.70 40.30
Total assets 604 619 519 451
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Particulars ( Rupees In Crores.) Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015
Gross Sales 868 886 807 798 720
Excise Duty -- -- 26.70 56 54.10
Net Sales 868 886 780 742 666
Other Operating Income -- -- -- -- 3.10
Other Income 19.80 21.50 9.25 9 5.19
Total Income 888 908 789 751 674
Total Expenditure ** 792 808 707 687 615
PBIDT 96 100 82.60 64.40 59.10
Interest 7.14 1.80 1.95 2.79 3.57
PBDT 88.90 98.30 80.70 61.60 55.50
Depreciation 26.20 19.20 18.60 17.60 15.20
Minority Interest Before NP -- -- -- -- --
Tax 16.40 23.40 20.80 12.90 12.60
Deferred Tax (6.80) 0.08 (0.30) (0.80) --
Reported Profit After Tax 53 55.60 41.60 32 27.70
Minority Interest After NP 1.06 1.94 6.05 4.22 1.96
Net Profit after Minority Interest 52 53.70 35.50 27.80 25.70
Extra-ordinary Items -- (5.30) -- (2.30) --
Adjusted Profit After Extra-ordinary item 52 59 35.50 30 25.70
EPS (Unit Curr.) 7.62 7.87 26.10 20.40 18.90
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 13.60 13.60 13.60 13.60 13.60
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 11.10 11.30 10.60 8.68 8.86
PBDTM(%) 10.20 11.10 10.30 8.31 8.33
PATM(%) 6.11 6.27 5.33 4.31 4.15