Lumax Auto Technologies has presented its next mid-term plan for FY26-FY31, outlining a ‘Four-Fold Strategy‘ with a NorthStar of ‘20.20.20.20‘. This includes a minimum 20% CAGR in Revenue, 20+% ROCE, 20% Vision for EBITDA Margin, and a focus on Future & Clean Mobility. The company also highlighted Q1 FY27 operational and financial performance, with consolidated revenues reaching INR 1,364 crore, a 33% year-on-year increase, and EBITDA up 51% YoY.
Lumax Auto Technologies Sets Ambitious Mid-Term Goals
Lumax Auto Technologies has laid out its strategic roadmap for the upcoming fiscal years, detailing a comprehensive mid-term plan from FY26 to FY31. The company’s vision, encapsulated as ‘20.20.20.20 – A Four-Fold Strategy‘, targets significant growth and efficiency improvements. Key objectives include achieving a minimum 20% Compound Annual Growth Rate (CAGR) in Revenue, maintaining a 20+% Return on Capital Employed (ROCE), aiming for a 20% EBITDA Margin, and dedicating efforts towards Future & Clean Mobility initiatives.
Q1 FY27 Performance Highlights
The presentation also provided a snapshot of the company’s performance in the first quarter of FY27 (Q1FY27). Consolidated Revenues stood at INR 1,364 crore, marking a robust 33% year-on-year increase. This growth reflects a consistent scale-up across core product categories and an increasing wallet share with Original Equipment Manufacturers (OEMs). EBITDA saw a substantial jump of 51% year-on-year to INR 205 crore, with EBITDA margins expanding by 190 basis points YoY to 15.1%. Profit Before Tax (PBT) increased by 78% YoY to INR 132 crore.
Strategic Growth Engines
The company’s ‘BRIDGE’ theme for the next mid-term plan focuses on transforming from a Tier-1 supplier to a Tier-0.5 System Integrator. This involves several key growth engines, including an Aftermarket Overhaul, foray into Body Control Modules (BCMs), the launch of ‘SHIFT’ for strengthening digital capabilities in Software-Defined Vehicles (SDVs), a 100% IAC Merger to boost free cash, increasing Higher Content per Vehicle and JV wallet share, and accelerating ESG initiatives focusing on inclusion, renewables, and sustainability.
Revenue Growth Drivers
Lumax Auto Technologies anticipates accelerated growth from new product segments in Clean And Future Mobility, Software Driven Solutions for ADAS & Connected Vehicles, leveraging trends in Premiumization & Light weighting, and pursuing Future Acquisitions. The company projects a 20% CAGR (Organic + Inorganic), with revenue expected to reach INR 11,000 crore by FY31E, compared to INR 1,100 crore in FY20.
Source: BSE
