{"id":299950,"date":"2026-10-09T17:58:06","date_gmt":"2026-10-09T12:28:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299950"},"modified":"2026-10-09T17:58:06","modified_gmt":"2026-10-09T12:28:06","slug":"lumax-industries-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/","title":{"rendered":"Lumax Industries Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Lumax Industries share price Rs 5,255.00 (9 October 2026). Base target Rs 6,353, bull Rs 7,610, downside risk Rs 4,236. PE 26.42. 52W range Rs 4,480.00 to Rs 6,934.50.<\/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;\">The Lumax Industries share price target for 2027 is Rs 6,353, about 20.9% above the current price of Rs 5,255.00. The bull case is Rs 7,610, and the downside risk level, which is not a target, is Rs 4,236. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 24.6%, with the stock holding its PE of 26.42. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Lumax Industries target price for 2027 should start with where the stock sits today. At Rs 5,255.00 on 9 October 2026, it is 24.2% below its 52-week high of Rs 6,934.50 and 17.3% above its 52-week low of Rs 4,480.00. That range spans 55% from low to high, so the entry point matters as much as the Lumax Industries price forecast itself.<\/p>\n<p>This article builds the Lumax Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 6,353 base case and the Rs 7,610 bull case were reached, along with a downside risk level of Rs 4,236.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=lumax-industries-share-price-target-2027\"><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-share-price-target-2027\/#Lumax_Industries_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Lumax Industries Stock Analysis: Company Overview and Key Stats\">Lumax Industries Stock Analysis: Company Overview and Key Stats<\/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-share-price-target-2027\/#Why_Is_Lumax_Industries_Share_Price_Target_Set_at_Rs_6353_for_2027\" title=\"Why Is Lumax Industries Share Price Target Set at Rs 6,353 for 2027?\">Why Is Lumax Industries Share Price Target Set at Rs 6,353 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Earnings_Growth_Behind_the_Lumax_Industries_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Lumax Industries Target Price: Five Years of Results\">Earnings Growth Behind the Lumax Industries Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Valuation_Check_for_the_Lumax_Industries_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Lumax Industries Stock Target: PE, Price to Book and ROE\">Valuation Check for the Lumax Industries Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Lumax_Industries_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Lumax Industries Share Price Targets for the Short Term and 12 Months\">Lumax Industries Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Short_Term_Lumax_Industries_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Lumax Industries Stock Target Levels: Technical Setup\">Short Term Lumax Industries Stock Target Levels: Technical Setup<\/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-share-price-target-2027\/#12_Month_Lumax_Industries_Target_Price_for_2027\" title=\"12 Month Lumax Industries Target Price for 2027\">12 Month Lumax Industries Target Price for 2027<\/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-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Lumax_Industries_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Lumax Industries Target Price\">How EPS Growth and PE Multiple Change the Lumax Industries Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Lumax_Industries_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Lumax Industries Stock Target in 2027\">Bull Case and Downside Risk for Lumax Industries Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Bull_Case_Rs_7610\" title=\"Bull Case Rs 7,610\">Bull Case Rs 7,610<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Downside_Risk_Level_Rs_4236\" title=\"Downside Risk Level Rs 4,236\">Downside Risk Level Rs 4,236<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Key_Risks_to_the_Lumax_Industries_Target_Price_for_2027\" title=\"Key Risks to the Lumax Industries Target Price for 2027\">Key Risks to the Lumax Industries Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Lumax_Industries_Price_Target\" title=\"Growth Slowdown Risk for the Lumax Industries Price Target\">Growth Slowdown Risk for the Lumax Industries Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#How_to_Invest_in_Lumax_Industries\" title=\"How to Invest in Lumax Industries\">How to Invest in Lumax Industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#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-22\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#FAQs_on_Lumax_Industries_Share_Price_Target_2027\" title=\"FAQs on Lumax Industries Share Price Target 2027\">FAQs on Lumax Industries Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_is_the_Lumax_Industries_share_price_target_for_2027\" title=\"What is the Lumax Industries share price target for 2027?\">What is the Lumax Industries share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_is_the_Lumax_Industries_share_price_today\" title=\"What is the Lumax Industries share price today?\">What is the Lumax Industries share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Is_Lumax_Industries_a_buy_or_sell_at_the_current_price\" title=\"Is Lumax Industries a buy or sell at the current price?\">Is Lumax Industries a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Lumax_Industries_shares\" title=\"What are the bull case target and downside risk level for Lumax Industries shares?\">What are the bull case target and downside risk level for Lumax Industries shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_are_the_main_risks_to_the_Lumax_Industries_price_target\" title=\"What are the main risks to the Lumax Industries price target?\">What are the main risks to the Lumax Industries price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_is_the_PE_ratio_of_Lumax_Industries_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Lumax Industries and how does it compare with the industry?\">What is the PE ratio of Lumax Industries and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#Who_owns_Lumax_Industries_and_what_is_the_promoter_holding\" title=\"Who owns Lumax Industries, and what is the promoter holding?\">Who owns Lumax Industries, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/lumax-industries-share-price-target-2027\/#What_were_Lumax_Industries_latest_quarterly_results\" title=\"What were Lumax Industries&#8217; latest quarterly results?\">What were Lumax Industries&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Industries_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Lumax Industries Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lumax Industries (NSE: LUMAXIND) has a market capitalisation of Rs 4,951 crore. In FY26 it reported revenue of Rs 4,191 crore and net profit of Rs 172.47 crore. The table collects the figures the Lumax Industries share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/lumaxind\/lumax-industries-ltd-share-price-today\">Lumax Industries<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>LUMAXIND<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 5,255.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 6,934.50<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 4,480.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 4,951 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>26.42<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>37.01<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>5.40<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>18.80%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>1.06<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 200.39<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.04%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 6,353<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 7,610<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 4,236<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Lumax_Industries_Share_Price_Target_Set_at_Rs_6353_for_2027\"><\/span><strong>Why Is Lumax Industries Share Price Target Set at Rs 6,353 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Lumax Industries stock target of Rs 6,353 applies a PE multiple of 26.42 to a forward EPS estimate of Rs 240.47. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 20.9% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Lumax_Industries_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Lumax Industries Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lumax Industries grew revenue from Rs 1,765 crore in FY22 to Rs 4,191 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew faster, from Rs 40.72 crore to Rs 172.47 crore (43.5% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>1,764.70<\/td>\n<td>40.72<\/td>\n<td>43.57<\/td>\n<td>13.50<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>2,334.21<\/td>\n<td>103.08<\/td>\n<td>110.27<\/td>\n<td>27.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>2,647.98<\/td>\n<td>111.02<\/td>\n<td>118.77<\/td>\n<td>35.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>3,409.62<\/td>\n<td>139.91<\/td>\n<td>149.67<\/td>\n<td>35.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>4,191.11<\/td>\n<td>172.47<\/td>\n<td>184.50<\/td>\n<td>55.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 22.9%, close to the four-year average of 24.1%, and net profit moved up 23.3%. EPS rose from Rs 118.77 in FY24 to Rs 184.50 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lumax Industries converted 4.1% of FY26 revenue into net profit, against 4.1% in FY25, within a five-year range of 2.3% to 4.4%. EBITDA margin was 10.7% in FY26 versus 10.7% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 1,227 crore, up 32.6% from the same quarter a year earlier, while net profit of Rs 51.08 crore was up 41.1%. EBITDA came in at Rs 113.04 crore, up 33.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 1.06, and shareholders&#8217; equity grew from Rs 491.74 crore in FY22 to Rs 917.50 crore in FY26. Operating cash flow in FY26 was Rs 372.56 crore against capital expenditure of Rs 289.43 crore, leaving free cash flow of Rs 83.13 crore, or 1.7% of the current market capitalisation. In FY25 free cash flow was negative at Rs 112.46 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Lumax_Industries_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Lumax Industries Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 26.42 against an industry PE of 37.01, Lumax Industries trades at a discount to its industry. Price to book is 5.40 on a book value of Rs 981.29 per share, and return on equity is 18.80%. A PE of 26.42 equals an earnings yield of 3.8%, and the FY26 dividend of Rs 55.00 per share gives a yield of 1.04%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 75.00% of Lumax Industries in June 2026, and promoter holding has stayed near 75.00% since June 2025. Foreign institutional investors (FII) held 1.36% and domestic institutions (DII) held 6.71%, which puts total institutional holding at 8.07%. FII holding rose from 1.18% in June 2025 to 1.36% in June 2026. Public shareholders own the remaining 16.93%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Industries_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Lumax Industries Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Lumax_Industries_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Lumax Industries Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 5,255.00 on 9 October 2026, Lumax Industries trades below its 50-day simple moving average of Rs 5,812.12 and below its 200-day exponential moving average of Rs 5,345.98. The 14-day RSI reads 14.2, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 5,345.98 (200-day exponential moving average) and the nearest support is Rs 4,480.00 (52-week low). A sustained move above Rs 5,345.98 would improve the short-term setup, while a close below Rs 4,480.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Lumax_Industries_Target_Price_for_2027\"><\/span><strong>12 Month Lumax Industries Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Lumax Industries is Rs 6,353: forward EPS of Rs 240.47 at a PE of 26.42. That is 20.9% above Rs 5,255.00. It would still leave the stock 8.4% below its 52-week high of Rs 6,934.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Lumax_Industries_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Lumax Industries Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 21.14<\/th>\n<th>PE 26.42<\/th>\n<th>PE 30.38<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 200.39)<\/td>\n<td>Rs 4,236<\/td>\n<td>Rs 5,294<\/td>\n<td>Rs 6,088<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 240.47)<\/td>\n<td>Rs 5,084<\/td>\n<td>Rs 6,353<\/td>\n<td>Rs 7,305<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 250.49)<\/td>\n<td>Rs 5,295<\/td>\n<td>Rs 6,618<\/td>\n<td>Rs 7,610<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Lumax Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Lumax_Industries_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Lumax Industries Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_7610\"><\/span><strong>Bull Case Rs 7,610<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Lumax Industries price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 250.49, and a PE multiple that rises 15% to 30.38. That gives Rs 7,610, 44.8% above the current price and above the 52-week high of Rs 6,934.50, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_4236\"><\/span><strong>Downside Risk Level Rs 4,236<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 200.39 and the PE falls 20% to 21.14. That gives Rs 4,236, 19.4% below the current price and below the 52-week low of Rs 4,480.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>30.38<\/td>\n<td>Rs 7,610<\/td>\n<td>+44.8%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>26.42<\/td>\n<td>Rs 6,353<\/td>\n<td>+20.9%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>21.14<\/td>\n<td>Rs 4,236<\/td>\n<td>-19.4%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Lumax_Industries_Target_Price_for_2027\"><\/span><strong>Key Risks to the Lumax Industries Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Lumax_Industries_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Lumax Industries Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 32.6% year on year, and FY26 revenue growth was 22.9%. If growth slows from here, the EPS estimate behind the Lumax Industries stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lumax Industries has a market capitalisation of Rs 4,951 crore. Institutional holding is 8.07%, and promoters hold 75.00%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 4.1% in FY26, so a small slip in costs moves profit noticeably. At a PE of 26.42 versus an industry PE of 37.01, a de-rating toward the downside-risk PE of 21.14 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 24.2% below its 52-week high, with an RSI of 14.2 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Lumax_Industries\"><\/span><strong>How to Invest in Lumax Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Lumax Industries share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 5,255.00 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Lumax Industries&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Lumax Industries fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Lumax Industries target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/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 live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Lumax Industries share price target for 2027 is Rs 6,353 in the base case, with Rs 7,610 as the bull case. The support for that view is arithmetic you can check: EPS grew 24.6% a year over FY24 to FY26, and the stock trades at a PE of 26.42. The risks are equally concrete, including a stock that sits 24.2% below its 52-week high and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/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. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Lumax_Industries_Share_Price_Target_2027\"><\/span><strong>FAQs on Lumax Industries Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Lumax_Industries_share_price_target_for_2027\"><\/span><strong>What is the Lumax Industries share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Lumax Industries share price target for 2027 is Rs 6,353, with Rs 7,610 as the bull case. The downside risk level, which is not a target, is Rs 4,236. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Lumax_Industries_share_price_today\"><\/span><strong>What is the Lumax Industries share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:29 PM IST, Lumax Industries trades at Rs 5,255.00, down 0.74% on the day. The 52-week range is Rs 4,480.00 to Rs 6,934.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Lumax_Industries_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Lumax Industries a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 24.6% a year over FY24 to FY26, but the stock is 24.2% below its 52-week high. Whether Lumax Industries fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Lumax_Industries_shares\"><\/span><strong>What are the bull case target and downside risk level for Lumax Industries shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 7,610, which assumes 25.0% EPS growth and a PE of 30.38. The downside risk level is Rs 4,236, which assumes flat EPS and a PE of 21.14. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Lumax_Industries_price_target\"><\/span><strong>What are the main risks to the Lumax Industries price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 4,951 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Lumax_Industries_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Lumax Industries and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Lumax Industries is 26.42 against an industry PE of 37.01. Price to book is 5.40 and return on equity is 18.80%. The base case in the Lumax Industries price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Lumax_Industries_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Lumax Industries, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 75.00% of Lumax Industries in June 2026. FII held 1.36%, DII held 6.71% and the public held 16.93%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Lumax_Industries_latest_quarterly_results\"><\/span><strong>What were Lumax Industries&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Lumax Industries reported revenue of Rs 1,227 crore (up 32.6% year on year) and net profit of Rs 51.08 crore (up 41.1%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Lumax Industries share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Lumax Industries share price target for 2027 is Rs 6,353, with Rs 7,610 as the bull case. The downside risk level, which is not a target, is Rs 4,236. 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FII held 1.36%, DII held 6.71% and the public held 16.93%.\"}},{\"@type\":\"Question\",\"name\":\"What were Lumax Industries' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Lumax Industries reported revenue of Rs 1,227 crore (up 32.6% year on year) and net profit of Rs 51.08 crore (up 41.1%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lumax Industries share price target 2027: base Rs 6,353, bull Rs 7,610, downside risk level Rs 4,236, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":29,"featured_media":299949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299949"],"rank_math_title":["Lumax Industries Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Lumax Industries share price target for 2027 is Rs 6,353 versus Rs 5,255.00 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Lumax Industries share price target | Density Target: 1.2 to 1.5%"],"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\/10\/lumax-industries-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299950","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\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299950"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299950\/revisions"}],"predecessor-version":[{"id":299951,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299950\/revisions\/299951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299949"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}