Auto light makers to dazzle in future
Lumax Industries and Fiem Industries, the end-to-end lighting solution providers for automobiles, posted an in-line set of numbers in Q4 FY20
September 04, 2020 / 01:20 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The future of auto light makers looks bright. Lumax Industries (CMP: Rs 1,299.5, MCAP: Rs 1,215 crore) and Fiem Industries (CMP: Rs 459.85, MCAP: Rs 605 crore) are a case in point. These two end-to-end lighting solution providers for automobiles have posted an in-line set of numbers in Q4 FY20. While revenues suffered a double-digit decline in percentage terms on a year-on-year (YoY) basis, what impressed us is the operating profitability (expanded in case of Lumax, flat for Fiem)...