- October 21, 2025
- 12:30 pm
- Goodluck Capital
Short term swing trade | Buy NSE: LUMAXIND | 5-7% target | Indian stock trading idea on 21 Oct 2025
NOTE
-
Closing Price: ₹5,135 (as of Oct 20, 2025)
-
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
-
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
-
Upside Potential#: Based on median of the suggested buy range.
Lumax Industries Limited, based in Gurugram, India, manufactures and sells automotive lighting and electronic components. Its products include LED lights, headlamps, tail lamps, fog lamps, and auxiliary lamps for passenger cars, commercial vehicles, two-wheelers, and tractors. The company was founded in 1945.
Q1 FY26 Earnings Call Summary & Financial Highlights
Earnings Call Summary
- Strong Revenue Growth: Revenue grew 20.5% to ₹923 crores despite auto industry decline; EBITDA rose 20.7% to ₹84 crores with margin improving to 9.2%; net profit up 6% to ₹36 crores.​
- LED Lighting Dominating Portfolio: LED lighting now accounts for 61% of total revenue (vs 45% last year); importantly, 84% of current ₹2,000 crore order book is LED-based, showing strong future potential.​
- Major Customer Wins & Launches: Started production for Maruti's first EV (eVitara); won ambient lighting contract for upcoming Honda model; launched products for Tata Altroz, Maruti Grand Vitara, Hero Vida VX2, and Mahindra models.​
- Huge Order Book Pipeline: Order book stands at nearly ₹2,000 crores to be realized by FY28; half from Maruti Suzuki, rest from Tata Motors, Mahindra, Honda, TVS, and Honda 2-wheelers; 50% of orders expected in current fiscal.​
- Market Leadership Position: Company maintains dominant market share in automotive lighting despite intense competition; serves all major auto companies in India; expanding wallet share with key customers through premium LED products.​
Financial Highlights
| Metric | Q1 FY26 | Q4 FY25 | Q1 FY25 | YoY Change |
|---|---|---|---|---|
| Revenue | ₹923 cr | Not disclosed | ₹766 cr | +20.5%​ |
| EBITDA | ₹84 cr | Not disclosed | ₹70 cr | +20.7%​ |
| EBITDA Margin | 9.20% | Not disclosed | 9.10% | +10 bps​ |
| PAT | ₹36 cr | Not disclosed | ₹34 cr | +6%​ |
| PAT Margin | 3.90% | Not disclosed | 4.40% | -50 bps​ |
| LED Lighting % of Revenue | 61% | Not disclosed | 45% | +16 percentage points​ |
| Order Book | ~₹2,000 cr | Lower | Lower | Significantly higher​ |
| Raw Material Cost % | 64.30% | 66.50% | 65.10% | Improved by 220 bps QoQ |
Q1 FY26 Earnings Call Summary & Financial Highlights
Earnings Call Summary
- Strong Revenue Growth: Revenue grew 20.5% to ₹923 crores despite auto industry decline; EBITDA rose 20.7% to ₹84 crores with margin improving to 9.2%; net profit up 6% to ₹36 crores.​
- LED Lighting Dominating Portfolio: LED lighting now accounts for 61% of total revenue (vs 45% last year); importantly, 84% of current ₹2,000 crore order book is LED-based, showing strong future potential.​
- Major Customer Wins & Launches: Started production for Maruti's first EV (eVitara); won ambient lighting contract for upcoming Honda model; launched products for Tata Altroz, Maruti Grand Vitara, Hero Vida VX2, and Mahindra models.​
- Huge Order Book Pipeline: Order book stands at nearly ₹2,000 crores to be realized by FY28; half from Maruti Suzuki, rest from Tata Motors, Mahindra, Honda, TVS, and Honda 2-wheelers; 50% of orders expected in current fiscal.​
- Market Leadership Position: Company maintains dominant market share in automotive lighting despite intense competition; serves all major auto companies in India; expanding wallet share with key customers through premium LED products.​
Financial Highlights
| Metric | Q1 FY26 | Q4 FY25 | Q1 FY25 | YoY Change |
|---|---|---|---|---|
| Revenue | ₹923 cr | Not disclosed | ₹766 cr | +20.5%​ |
| EBITDA | ₹84 cr | Not disclosed | ₹70 cr | +20.7%​ |
| EBITDA Margin | 9.20% | Not disclosed | 9.10% | +10 bps​ |
| PAT | ₹36 cr | Not disclosed | ₹34 cr | +6%​ |
| PAT Margin | 3.90% | Not disclosed | 4.40% | -50 bps​ |
| LED Lighting % of Revenue | 61% | Not disclosed | 45% | +16 percentage points​ |
| Order Book | ~₹2,000 cr | Lower | Lower | Significantly higher​ |
| Raw Material Cost % | 64.30% | 66.50% | 65.10% | Improved by 220 bps QoQ |
Price Performance & Volume Analysis
Price Performance
Volume Analysis
Price Performance & Volume Analysis
Price Performance
Volume Analysis
Technical Analysis
Key Observations
- Earlier, the price went through a prolonged consolidation phase, forming a broadening pattern.
- Following the breakout, the stock surged to an all-time high near ₹5,360.
- After a brief pullback, it has resumed its upward move and is expected to surpass its previous high in the coming days.
Technical Image - Daily Timeframe
Technical Analysis
Key Observations
- Earlier, the price went through a prolonged consolidation phase, forming a broadening pattern.
- Following the breakout, the stock surged to an all-time high near ₹5,360.
- After a brief pullback, it has resumed its upward move and is expected to surpass its previous high in the coming days.
Technical Image - Daily Timeframe
Technical Indicators
Oscillators
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 62.88 | Neutral |
| CCI-14 | 82.09 | Neutral |
| MFI | 60.54 | Neutral |
| ROC | 0.33 | Positive |
| Stochastic %K | 51.05 | Neutral |
| William %R | -34.02 | Neutral |
Exponential Moving Averages (EMAs)
| EMA | Value | Stock Position |
|---|---|---|
| 5 EMA | 5021 | Above |
| 10 EMA | 4975 | Above |
| 20 EMA | 4837 | Above |
| 50 EMA | 4459 | Above |
| 100 EMA | 3989 | Above |
| 200 EMA | 3468 | Above |
Technical Indicators
Oscillators
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 62.88 | Neutral |
| CCI-14 | 82.09 | Neutral |
| MFI | 60.54 | Neutral |
| ROC | 0.33 | Positive |
| Stochastic %K | 51.05 | Neutral |
| William %R | -34.02 | Neutral |
Exponential Moving Averages (EMAs)
| EMA | Value | Stock Position |
|---|---|---|
| 5 EMA | 5021 | Above |
| 10 EMA | 4975 | Above |
| 20 EMA | 4837 | Above |
| 50 EMA | 4459 | Above |
| 100 EMA | 3989 | Above |
| 200 EMA | 3468 | Above |
Conclusion
Lumax Industries Stock Price Forecast
Based on our swing stock trading consultant, the Lumax Industries Stock Price target will be INR 5350 - INR 5450 in the next 12-14 trading sessions.
Conclusion
Lumax Industries Stock Price Forecast
Based on our swing stock trading consultant, the Lumax Industries Stock Price target will be INR 5350 - INR 5450 in the next 12-14 trading sessions.
Analyst Summary
The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).
The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.
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- Precise Entry, Target and StopLoss.
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Buy Privi Speciality Chemicals
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Buy BASF India
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- Ultra Swing Trading Advice
Features
- 10—12 swing trade advice / month
- expected upside 6%—8% per trade
- short term trade holding 1-2 weeks
- minimum capital required ₹2.5 lakh
Select Subscription
Months
01
Â
Price
₹ 6666
Months
03
20% OFF
₹ 20000
Price
₹ 15900
Months
06
35% OFF
₹ 40000
Price
₹ 25900
Months
12
50% OFF
₹ 80000
Price
₹ 39900
Months are referred as calendar months
- e.g. 12 January — 12 April (3 Months)
- 20 June — 20 December (6 Months)
Looking for more information?
Our FAQ section covers everything you need to know about Swing Trade Subscription
Ultra Swing Trading Benefits
- ideal for short term positional traders
- receive trading advice via Whatsapp
- precise Entry, Target and StopLoss
- preferred largecap & midcap stocks
- revised targets & stoploss if required
- alert message for target or stoploss hit
-
Buy Piramal Pharma
nse: pplpharma
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 190 - 194
- : 204 - 207
- : below 180
- : 7% - 8%
- : 12-14 days
-
Buy Le Travenues Technology
nse: ixigo
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 215 - 220
- : 240 - 240
- : below 195
- : 10% - 13%
- : 14-15 days
-
Buy Privi Speciality Chemicals
nse: priviscl
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 1845 - 1875
- : 1975 - 2000
- : below 1770
- : 6% - 8%
- : 12-14 days
-
Buy BASF India
nse: basf
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 5450 - 5600
- : 6050 - 6200
- : below 5200
- : 10% - 12%
- : 12-14 days
-
Buy S H Kelkar
nse: shk
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 285 - 300
- : 330 - 340
- : below 270
- : 13% - 16%
- : 14-15 days
Ultra Swing Trading Benefits
- ideal for short term positional traders
- receive trading advice via Whatsapp
- precise Entry, Target and StopLoss
- preferred largecap & midcap stocks
- revised targets & stoploss if required
- alert message for target or stoploss hit
-
Buy Piramal Pharma
nse: pplpharma
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 190 - 194
- : 204 - 207
- : below 180
- : 7% - 8%
- : 12-14 days
-
Buy Le Travenues Technology
nse: ixigo
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 215 - 220
- : 240 - 240
- : below 195
- : 10% - 13%
- : 14-15 days
-
Buy Privi Speciality Chemicals
nse: priviscl
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 1845 - 1875
- : 1975 - 2000
- : below 1770
- : 6% - 8%
- : 12-14 days
-
Buy BASF India
nse: basf
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 5450 - 5600
- : 6050 - 6200
- : below 5200
- : 10% - 12%
- : 12-14 days
-
Buy S H Kelkar
nse: shk
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 285 - 300
- : 330 - 340
- : below 270
- : 13% - 16%
- : 14-15 days
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Looking for more information?
Our FAQ section covers everything you need to know about Swing Trade Subscription
Ultra Swing Trading Benefits
- ideal for short term positional traders
- receive trading advice via Whatsapp
- precise Entry, Target and StopLoss
- preferred largecap & midcap stocks
- revised targets & stoploss if required
- alert message for target or stoploss hit
-
Buy Piramal Pharma
nse: pplpharma
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 190 - 194
- : 204 - 207
- : below 180
- : 7% - 8%
- : 12-14 days
-
Buy Le Travenues Technology
nse: ixigo
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 215 - 220
- : 240 - 240
- : below 195
- : 10% - 13%
- : 14-15 days
-
Buy Privi Speciality Chemicals
nse: priviscl
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 1845 - 1875
- : 1975 - 2000
- : below 1770
- : 6% - 8%
- : 12-14 days
-
Buy BASF India
nse: basf
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 5450 - 5600
- : 6050 - 6200
- : below 5200
- : 10% - 12%
- : 12-14 days
-
Buy S H Kelkar
nse: shk
- Best Buy Range
- Sell Target
- StopLoss
- Potential Upside
- Approx Trade Duration
- : 285 - 300
- : 330 - 340
- : below 270
- : 13% - 16%
- : 14-15 days