Is Lumino Industries the Best Stock in Its Sector? A Look at the Numbers

Is Lumino Industries the best stock in its sector? The stock trades on the NSE at Rs 100 as of 21 October 2026, within its 52-week range of Rs 94.50 to Rs 122.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About Lumino Industries

Lumino Industries Ltd is headquartered in Kolkata with a manufacturing facility in Howrah, and it makes cables, conductors and wires. It is also an EPC provider for distribution and transmission, railway electrification, reconductoring with HTLS conductors, solar and extra high voltage work. At a market capitalisation of Rs 3,053 Cr, it is tracked as part of the Cables and Conductors sector on Univest.

Is Lumino Industries the Best Stock in Its Sector?

Lumino Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Lumino Industries' 19.10x P/E is below the 22.67x Industry P/E, Polycab India at 38.67x and KEI Industries at 43.94x, while its 21.93% ROE is lower than Polycab India at 22.25%, though higher than KEI Industries at 13.78%, and its debt to equity ratio of 0.55 is above Polycab India at 0.02 and KEI Industries at 0.04.

Metric	Lumino Industries
CMP (NSE)	Rs 100.41
52-Week High / Low	Rs 122.00 / Rs 94.50
Market Cap	Rs 3,053 Cr
P/E (TTM) vs Industry P/E	19.10x vs 22.67x
P/B	2.48
ROE	21.93%
EPS (TTM)	Rs 5.25
Dividend Yield	0.00%
Debt to Equity	0.55

Compare Lumino Industries Against Other Cables and Conductors Sector Stocks

How Lumino Industries Compares Against Its Cables and Conductors Sector Peers

The table below sets Lumino Industries against 2 other Cables and Conductors sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Lumino Industries	3,053	19.10	21.93%	0.55
Polycab India	1,23,827	38.67	22.25%	0.02
KEI Industries	43,797	43.94	13.78%	0.04
Peer average (2 companies)	-	41.30	18.02%	0.03

Measured against the peer averages, Lumino Industries' P/E is 54 percent below the 41.30x average, and its ROE is 3.91 percentage points above the 18.02% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes Lumino Industries Worth Watching in Cables and Conductors

• Scale: At Rs 3,053 Cr, its market capitalisation is smaller than Polycab India (Rs 1,23,827 Cr) and KEI Industries (Rs 43,797 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Power transmission and railway electrification spending is the main source of demand for its conductors and EPC services.
• Key risk: Copper and aluminium prices feed straight into its costs, and with debt at a moderate level for its size, a delay in utility payments could strain working capital. The stock has traded in a fairly narrow band since listing.

Lumino Industries Valuation: Is It Justified?

At a P/B ratio of 2.48, the market pays about Rs 2.48 for every rupee of book value, and the EPS (TTM) of Rs 5.25 is the earnings base behind the P/E. The stock trades about 18 percent below its 52-week high and about 6 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track Lumino Industries and other Cables and Conductors sector stocks.

How to Track Lumino Industries Before You Invest

Before deciding whether Lumino Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Cables and Conductors sector peers using the steps below.

1. Open the Univest Screener and search for Lumino Industries to view live price, valuation ratios, and peer comparisons within the Cables and Conductors sector.
2. Compare its P/E, P/B, and ROE against other Cables and Conductors sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Lumino Industries gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Cables and Conductors depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Lumino Industries the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Lumino Industries has a 21.93% ROE and trades at 19.10x P/E against a 22.67x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 18.02% peer average and its P/E is below the 41.30x peer average. Its debt to equity ratio of 0.55 is above the 0.03 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of Lumino Industries?

Ans. Lumino Industries was trading at Rs 100.41 on the NSE as of 21 October 2026, and its 52-week range runs from Rs 94.50 to Rs 122.00. That leaves the share price 18 percent short of the 52-week high and 6 percent clear of the 52-week low. Its market capitalisation is Rs 3,053 Cr and its EPS (TTM) is Rs 5.25, which is the earnings figure behind the 19.10x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does Lumino Industries belong to?

Ans. Lumino Industries is classified under the Cables and Conductors sector on Univest, and that group of listed companies is the reference point for the 22.67x Industry P/E used in this article. The 2 named peers compared here are Polycab India and KEI Industries, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Cables and Conductors sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does Lumino Industries compare to its sector peers on P/E?

Ans. Lumino Industries' P/E of 19.10x is below the 41.30x average of the 2 named peers, with Polycab India at 38.67x and KEI Industries at 43.94x. It also sits below the 22.67x Industry P/E, which is the benchmark for the wider Cables and Conductors sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 2.48 gives one more view of how the market values its book value.

What is Lumino Industries' return on equity?

Ans. Lumino Industries reported a return on equity of 21.93%, which is above the 18.02% average of its named peers, with Polycab India at 22.25% and KEI Industries at 13.78%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.55 against a peer average of 0.03. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in Lumino Industries based on its sector position?

Ans. Sector position is only one input into an investment decision. Lumino Industries has a 21.93% ROE and a 19.10x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.