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Sharekhan's research report on Lumax Auto Technologies
For Q3FY24, AEBITDA increased by 17.5% q-o-q to Rs 106 cr - against our estimate of Rs 94 cr. Order book stands at Rs 1100 cr ( up by Rs 50 cr q-o-q) with a 40% share from EV segment.
Outlook
We continue to maintain our Buy rating on the stock with revised PT of Rs. 540 on an expectation of the improvement in product mix, rise in content per vehicle and expansion of growth opportunity on consolidation of IACI’s business. Stock trades at P/E multiple of 14.1x and EV/EBITDA multiple of 6.0x its FY26 estimates.
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Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!