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Lumax Industries Ltd.

BSE: 517206 Sector: Auto
NSE: LUMAXIND ISIN Code: INE162B01018
BSE LIVE 15:40 | 17 Nov 1884.55 16.05
(0.86%)
OPEN

1870.35

HIGH

1925.00

LOW

1825.00

NSE 15:43 | 17 Nov 1874.90 -1.35
(-0.07%)
OPEN

1860.15

HIGH

1932.65

LOW

1860.15

OPEN 1870.35
PREVIOUS CLOSE 1868.50
VOLUME 2462
52-Week high 2023.30
52-Week low 685.05
P/E 34.23
Mkt Cap.(Rs cr) 1,762
Buy Price 0.00
Buy Qty 0.00
Sell Price 1884.55
Sell Qty 3.00
OPEN 1870.35
CLOSE 1868.50
VOLUME 2462
52-Week high 2023.30
52-Week low 685.05
P/E 34.23
Mkt Cap.(Rs cr) 1,762
Buy Price 0.00
Buy Qty 0.00
Sell Price 1884.55
Sell Qty 3.00

Lumax Industries Ltd. (LUMAXIND) - Company History

Lumax Industries(LIL) is into manufacture of range of auto-lighting equiment including headlamps and auxillary lamp assemblies for 2, 3, 4 wheelers and oil filters and rear view mirrors. LIL roped in Stanley Electric, Japan as a technical collaborator in 1984. The Japanese Collaborator holds around 20% stake in the company. Lumax Industries established as a trading concern under the name Globe Auto Industries in Delhi on 1949 has got into manurfacturing activity in 1957 by setting upa a plant in Delhi. Now it has four manufacturing units at Delhi, Faridabad, Gurgaon and Pune. The company tapped the capital market in 1984. It has renowned customers for its products -- Telco, Ashok Leyland, Ford, Hindustan Motors, Nissan, DCM Toyota, Bajaj Tempo, Mahindra & Mahindra, Maruti, Premier Automobilies, Hero Honda, Bajaj, etc. Lumax's products are exported to the Gulf, African, South-East Asian and European countries. A number of the company's products have been type-approved by the defence sector. LIL had set up a new automobile lighting equipment unit at a cost of around Rs 400 million at Gurgaon, with latest technological advancements. In 1998-99, the company increased the installed capacity of its head lamps and tail lamps/rear combination lamps to 25,00,000 nos and 29,50,000 nos. During 2000-01 the installed capacity of Head Lamps & Filters have increased to 32,50,000 & 6,50,000 respectively. The company decided to spinoff its Mirror and Filter division which produces rearview mirrors and oil-filters into a separate company i.e. Lumax Aircleaners Ltd. The scheme of demerger arrangement is pending approval of the High Court as on Sep 11, 2003. This scheme envisages allotment of 1 equity share of the resultant new company for 4 shares of LIL. This demerger leaves LIL as a pure Auto Lighting company.