2025-09-16 12:50:25 pm | Source: Choice Broking Ltd
Add Lumax Industries Ltd for the Target Rs. 4,400 by Choice Broking Ltd
View and Valuation:
We expect the LED share to reach 65-70% in FY26 and believe higher LED penetration and an increase in contribution by the PV segment will drive future growth, as these areas have higher content value per vehicle. We revise our FY27/FY28 EPS estimates upwards by 4.5%/6.7% and arrive at our target price of INR 4,400. We value the company at 18x (maintained) on the average FY27/28E EPS and change our rating to ADD from BUY.
Financials:
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