You are here » Home » Companies » Company Overview » Lumax Industries Ltd

Lumax Industries Ltd.

BSE: 517206 Sector: Auto
NSE: LUMAXIND ISIN Code: INE162B01018
BSE 00:00 | 06 Dec 1893.90 47.55
(2.58%)
OPEN

1808.40

HIGH

1918.45

LOW

1808.40

NSE 00:00 | 06 Dec 1895.35 50.05
(2.71%)
OPEN

1833.05

HIGH

1919.95

LOW

1833.05

OPEN 1808.40
PREVIOUS CLOSE 1846.35
VOLUME 3314
52-Week high 2023.00
52-Week low 840.00
P/E 21.20
Mkt Cap.(Rs cr) 1,771
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1808.40
CLOSE 1846.35
VOLUME 3314
52-Week high 2023.00
52-Week low 840.00
P/E 21.20
Mkt Cap.(Rs cr) 1,771
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.

.