{"id":267263,"date":"2026-09-24T12:12:43","date_gmt":"2026-09-24T06:42:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=267263"},"modified":"2026-09-24T12:12:43","modified_gmt":"2026-09-24T06:42:43","slug":"lumax-industries-vs-varroc-engineering-vs-minda-corporation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/","title":{"rendered":"Lumax Industries vs Varroc Engineering vs Minda Corporation: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>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.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">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&#8217;s numbers are presented here without a declared better pick, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=lumax-industries-vs-varroc-engineering-vs-minda-corporation\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Lumax_Industries_Varroc_Engineering_and_Minda_Corporation_Company_Overview\" title=\"Lumax Industries, Varroc Engineering and Minda Corporation: Company Overview\">Lumax Industries, Varroc Engineering and Minda Corporation: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation_Valuation_and_Profitability_Snapshot\" title=\"Lumax Industries vs Varroc Engineering vs Minda Corporation: Valuation and Profitability Snapshot\">Lumax Industries vs Varroc Engineering vs Minda Corporation: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation_Latest_Quarterly_Results\" title=\"Lumax Industries vs Varroc Engineering vs Minda Corporation: Latest Quarterly Results\">Lumax Industries vs Varroc Engineering vs Minda Corporation: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#FAQs_on_Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation\" title=\"FAQs on Lumax Industries vs Varroc Engineering vs Minda Corporation\">FAQs on Lumax Industries vs Varroc Engineering vs Minda Corporation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#What_is_the_market_cap_difference_between_Lumax_Industries_Varroc_Engineering_and_Minda_Corporation\" title=\"What is the market cap difference between Lumax Industries, Varroc Engineering and Minda Corporation?\">What is the market cap difference between Lumax Industries, Varroc Engineering and Minda Corporation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Which_of_the_three_has_the_highest_PE_ratio\" title=\"Which of the three has the highest PE ratio?\">Which of the three has the highest PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#What_is_the_debt_to_equity_ratio_for_Lumax_Industries_Varroc_Engineering_and_Minda_Corporation\" title=\"What is the debt to equity ratio for Lumax Industries, Varroc Engineering and Minda Corporation?\">What is the debt to equity ratio for Lumax Industries, Varroc Engineering and Minda Corporation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Which_of_the_three_trades_at_the_highest_price_to_book_value\" title=\"Which of the three trades at the highest price to book value?\">Which of the three trades at the highest price to book value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-vs-varroc-engineering-vs-minda-corporation\/#Is_one_of_Lumax_Industries_Varroc_Engineering_or_Minda_Corporation_better_than_the_others\" title=\"Is one of Lumax Industries, Varroc Engineering or Minda Corporation better than the others?\">Is one of Lumax Industries, Varroc Engineering or Minda Corporation better than the others?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Industries_Varroc_Engineering_and_Minda_Corporation_Company_Overview\"><\/span><strong>Lumax Industries, Varroc Engineering and Minda Corporation: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Lumax Industries<\/strong> 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.<\/p>\n<p><strong>Varroc Engineering<\/strong> 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.<\/p>\n<p><strong>Minda Corporation<\/strong> 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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation_Valuation_and_Profitability_Snapshot\"><\/span><strong>Lumax Industries vs Varroc Engineering vs Minda Corporation: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/lumaxind\/lumax-industries-ltd-share-price-today\">Lumax Industries<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/varroc\/varroc-engineering-ltd-share-price-today\">Varroc Engineering<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/mindacorp\/minda-corporation-ltd-share-price-today\">Minda Corporation<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 5,398 crore<\/td>\n<td>Rs 12,778 crore<\/td>\n<td>Rs 16,476 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>28.81<\/td>\n<td>63.84<\/td>\n<td>33.01<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>5.88<\/td>\n<td>7.18<\/td>\n<td>6.24<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>18.80%<\/td>\n<td>14.29%<\/td>\n<td>13.63%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>200.39<\/td>\n<td>13.10<\/td>\n<td>20.88<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.95%<\/td>\n<td>0.18%<\/td>\n<td>0.20%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>1.06<\/td>\n<td>0.52<\/td>\n<td>0.56<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>981.29<\/td>\n<td>116.52<\/td>\n<td>110.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>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%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation_Latest_Quarterly_Results\"><\/span><strong>Lumax Industries vs Varroc Engineering vs Minda Corporation: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Lumax Industries<\/td>\n<td>Rs 1,226.53 crore<\/td>\n<td>Rs 51.08 crore<\/td>\n<td>+32.6%<\/td>\n<td>+2.1%<\/td>\n<\/tr>\n<tr>\n<td>Varroc Engineering<\/td>\n<td>Rs 2,640.44 crore<\/td>\n<td>Rs 77.70 crore<\/td>\n<td>+29.9%<\/td>\n<td>+11.2%<\/td>\n<\/tr>\n<tr>\n<td>Minda Corporation<\/td>\n<td>Rs 1,847.93 crore<\/td>\n<td>Rs 188.38 crore<\/td>\n<td>+33.0%<\/td>\n<td>+8.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Lumax Industries, Varroc Engineering and Minda Corporation live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Lumax_Industries_vs_Varroc_Engineering_vs_Minda_Corporation\"><\/span><strong>FAQs on Lumax Industries vs Varroc Engineering vs Minda Corporation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Lumax_Industries_Varroc_Engineering_and_Minda_Corporation\"><\/span><strong>What is the market cap difference between Lumax Industries, Varroc Engineering and Minda Corporation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_PE_ratio\"><\/span><strong>Which of the three has the highest PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Industries, Varroc Engineering and Minda Corporation post ROE of 18.80%, 14.29% and 13.63% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Industries, Varroc Engineering and Minda Corporation carry dividend yields of 0.95%, 0.18% and 0.20% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Lumax_Industries_Varroc_Engineering_and_Minda_Corporation\"><\/span><strong>What is the debt to equity ratio for Lumax Industries, Varroc Engineering and Minda Corporation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Industries carries a debt to equity of 1.06, Varroc Engineering of 0.52, and Minda Corporation of 0.56.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_trades_at_the_highest_price_to_book_value\"><\/span><strong>Which of the three trades at the highest price to book value?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Industries, Varroc Engineering and Minda Corporation trade at price to book ratios of 5.88, 7.18 and 6.24 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_one_of_Lumax_Industries_Varroc_Engineering_or_Minda_Corporation_better_than_the_others\"><\/span><strong>Is one of Lumax Industries, Varroc Engineering or Minda Corporation better than the others?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Lumax Industries, Varroc Engineering and Minda Corporation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Industries, Varroc Engineering and Minda Corporation post ROE of 18.80%, 14.29% and 13.63% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Industries, Varroc Engineering and Minda Corporation carry dividend yields of 0.95%, 0.18% and 0.20% respectively.\"}},{\"@type\":\"Question\",\"name\":\"What is the debt to equity ratio for Lumax Industries, Varroc Engineering and Minda Corporation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Industries carries a debt to equity of 1.06, Varroc Engineering of 0.52, and Minda Corporation of 0.56.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three trades at the highest price to book value?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Industries, Varroc Engineering and Minda Corporation trade at price to book ratios of 5.88, 7.18 and 6.24 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Is one of Lumax Industries, Varroc Engineering or Minda Corporation better than the others?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lumax Industries vs Varroc Engineering vs Minda Corporation compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of September 2026.<\/p>\n","protected":false},"author":38,"featured_media":267262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[7219,1019],"class_list":["post-267263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-auto-electricals-second-fresh-set","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["267262"],"rank_math_title":["Lumax Industries vs Varroc Engineering vs Minda Corporation: Comp"],"rank_math_description":["Lumax Industries vs Varroc Engineering vs Minda Corporation compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of September 2026."],"rank_math_focus_keyword":["Lumax Industries vs Varroc Engineering vs Minda Corporation"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/lumax-industries-vs-varroc-engineering-vs-minda-corporation-which-stock-should.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=267263"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267263\/revisions"}],"predecessor-version":[{"id":267264,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267263\/revisions\/267264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/267262"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=267263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=267263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=267263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}