Lumax Industries vs Varroc Engineering vs Minda Corporation: Which Stock Should You Track
- September 24, 2026
- Posted by: Chaitanya Auti
- Category: Market
Lumax Industries PE 28.81, mkt cap Rs 5,398 crore. Varroc Engineering PE 63.84, mkt cap Rs 12,778 crore. Minda Corporation PE 33.01, mkt cap Rs 16,476 crore.
Quick Answer
Lumax Industries vs Varroc Engineering vs Minda Corporation is a side-by-side comparison of three companies from the Auto Electricals (Second Fresh Set) space. On this comparison, Lumax Industries carries a market capitalisation of about Rs 5,398 crore against Rs 12,778 crore for Varroc Engineering and Rs 16,476 crore for Minda Corporation, with return on equity of 18.80%, 14.29% and 13.63% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Lumax Industries vs Varroc Engineering vs Minda Corporation starts with the core numbers most investors compare within the Auto Electricals (Second Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Auto Electricals (Second Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Lumax Industries, Varroc Engineering and Minda Corporation: Company Overview
Lumax Industries is a listed Indian company in the Auto Electricals (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Varroc Engineering is a listed Indian company in the Auto Electricals (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Minda Corporation is a listed Indian company in the Auto Electricals (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Lumax Industries vs Varroc Engineering vs Minda Corporation: Valuation and Profitability Snapshot
| Metric | Lumax Industries | Varroc Engineering | Minda Corporation |
|---|---|---|---|
| Market Cap (approx.) | Rs 5,398 crore | Rs 12,778 crore | Rs 16,476 crore |
| PE Ratio (TTM) | 28.81 | 63.84 | 33.01 |
| PB Ratio | 5.88 | 7.18 | 6.24 |
| Return on Equity (ROE) | 18.80% | 14.29% | 13.63% |
| EPS (TTM, Rs) | 200.39 | 13.10 | 20.88 |
| Dividend Yield | 0.95% | 0.18% | 0.20% |
| Debt to Equity | 1.06 | 0.52 | 0.56 |
| Book Value per Share (Rs) | 981.29 | 116.52 | 110.40 |
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On valuation, Lumax Industries trades at a PE of 28.81 and a PB of 5.88, Varroc Engineering at a PE of 63.84 and a PB of 7.18, while Minda Corporation trades at a PE of 33.01 and a PB of 6.24. On return on equity, the three post 18.80%, 14.29% and 13.63% respectively, and on dividend yield they stand at 0.95%, 0.18% and 0.20%.
Lumax Industries vs Varroc Engineering vs Minda Corporation: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Lumax Industries | Rs 1,226.53 crore | Rs 51.08 crore | +32.6% | +2.1% |
| Varroc Engineering | Rs 2,640.44 crore | Rs 77.70 crore | +29.9% | +11.2% |
| Minda Corporation | Rs 1,847.93 crore | Rs 188.38 crore | +33.0% | +8.1% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three auto electricals (second fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Lumax Industries vs Varroc Engineering vs Minda Corporation highlights how differently three companies in the same auto electricals (second fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Lumax Industries vs Varroc Engineering vs Minda Corporation
What is the market cap difference between Lumax Industries, Varroc Engineering and Minda Corporation?
Ans. As of September 2026, Lumax Industries has a market cap of approximately Rs 5,398 crore, Varroc Engineering is at approximately Rs 12,778 crore, and Minda Corporation is at approximately Rs 16,476 crore.
Which of the three has the highest PE ratio?
Ans. Among Lumax Industries, Varroc Engineering and Minda Corporation, the PE ratios stand at 28.81, 63.84 and 33.01 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Lumax Industries, Varroc Engineering and Minda Corporation post ROE of 18.80%, 14.29% and 13.63% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Lumax Industries, Varroc Engineering and Minda Corporation carry dividend yields of 0.95%, 0.18% and 0.20% respectively.
What is the debt to equity ratio for Lumax Industries, Varroc Engineering and Minda Corporation?
Ans. Lumax Industries carries a debt to equity of 1.06, Varroc Engineering of 0.52, and Minda Corporation of 0.56.
Which of the three trades at the highest price to book value?
Ans. Lumax Industries, Varroc Engineering and Minda Corporation trade at price to book ratios of 5.88, 7.18 and 6.24 respectively.
Is one of Lumax Industries, Varroc Engineering or Minda Corporation better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.