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Lumax Industries Ltd.

BSE: 517206 Sector: Auto
NSE: LUMAXIND ISIN Code: INE162B01018
BSE 00:00 | 18 Jun 1557.15 -6.85
(-0.44%)
OPEN

1570.50

HIGH

1589.50

LOW

1528.35

NSE 00:00 | 18 Jun 1550.30 -10.90
(-0.70%)
OPEN

1569.00

HIGH

1584.30

LOW

1531.10

OPEN 1570.50
PREVIOUS CLOSE 1564.00
VOLUME 1269
52-Week high 1820.00
52-Week low 921.65
P/E 85.46
Mkt Cap.(Rs cr) 1,456
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1570.50
CLOSE 1564.00
VOLUME 1269
52-Week high 1820.00
52-Week low 921.65
P/E 85.46
Mkt Cap.(Rs cr) 1,456
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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 2500000 nos and 2950000 nos. During 2000-01 the installed capacity of Head Lamps & Filters have increased to 3250000 & 650000 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.