Lumino Industries Limited
NSE: LUMINOCables - Electricals
Share price
₹101.17
-0.77% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
65
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹3,081 Cr
P/E ratio
18.1
P/B ratio
—
ROCE
26.6%
ROE
24.6%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 39.9% a year against a sector median of 10.6% — 29.3 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 98%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Lumino Industries Limited — this one | 98%/yr | 18.1× | ₹0.19 |
| Polycab India Limited | 28%/yr | 43.5× | ₹1.6 |
| KEI Industries Limited | 24%/yr | 43.7× | ₹1.8 |
| R R Kabel Limited | 39%/yr | 50.5× | ₹1.3 |
| Finolex Cables Limited | 12%/yr | 26.9× | ₹2.2 |
| KSH International Limited | 61%/yr | 52.4× | ₹0.86 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Cables - Electricals), it ranks 3 of 13 on returns, 2 of 13 on growth, 3 of 13 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 26.6% on capital, ahead of 77% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹138 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 5 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 150 days for its cash to waiting 51 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 21 Sep 2026 · Consolidated · Unaudited
Revenue
₹521 Cr
Net profit
₹40 Cr
Net margin
7.7%
EPS
₹1.65
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹3,081 Cr
- Prev close
- ₹101.17
- 52w High
- ₹122
- 52w Low
- ₹94.5
- Enterprise value
- —
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 7.4%
- PEG ratio
- 0.2
- P/E ratio
- 18.1
- P/B ratio
- —
- EV / EBITDA
- —
- Industry P/E
- 28.3
- ROCE
- 26.6%
- ROCE 5y average
- 20.8%
- ROE
- 24.6%
- Debt / Equity
- 0.5
- Interest coverage
- 3.6
- Dividend yield
- 0.0%
- ROE 3y average
- 24.0%
- ROE last year
- 25.0%
Annual P&L
- Annual revenue
- ₹2,040 Cr
- Annual profit
- ₹160 Cr
- Operating margin
- 12.0%
- Net profit margin
- 7.8%
- EBITDA margin
- 12.4%
- Sales growth 3y
- 39.0%
- Sales growth 5y
- —
- Profit growth 3y
- 98.0%
- Profit growth 5y
- —
- EPS
- ₹6.6
- Sales growth TTM
- 7.0%
- Profit growth TTM
- 28.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹521 Cr
- Profit latest quarter
- ₹40 Cr
- YoY quarterly sales growth
- 19.2%
- YoY quarterly profit growth
- 33.3%
- OPM latest quarter
- 14.0%
Balance Sheet
- Book Value
- —
- Face Value
- ₹5.0
- Total debt
- ₹401 Cr
- Total cash
- ₹251 Cr
- Borrowings
- ₹401 Cr
- Reserves / Equity
- 5.0
Cash Flow
- Operating cash flow
- ₹156 Cr
- Free cash flow
- ₹104 Cr
- FCF yield
- 0.8%
- Net cash flow
- ₹14 Cr
Shareholding
- Promoter holding
- 72.0%
- FII holding
- 1.7%
- DII holding
- 11.2%
- Public holding
- 15.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Polycab India | 8,253.50 | 43.5 | 1,24,377 | 0.57 | 796.7 | 32.5 | 8,209.7 | 39.0 | 33.2 |
| KEI Industries | 4,658.10 | 44.7 | 44,532 | 0.10 | 274.1 | 40.0 | 3,185.3 | 23.0 | 20.1 |
| R R Kabel | 2,704.40 | 50.0 | 30,588 | 0.35 | 205.2 | 117.3 | 3,168.2 | 53.9 | 28.1 |
| Finolex Cables | 1,432.50 | 27.3 | 21,909 | 0.62 | 249.0 | 53.1 | 2,013.2 | 44.3 | 16.0 |
| KSH Internationa | 1,014.00 | 52.5 | 6,870 | 0.00 | 42.2 | 86.2 | 1,164.2 | 108.4 | 21.5 |
| Universal Cables | 1,560.20 | 27.1 | 5,413 | 0.28 | 70.1 | 108.8 | 945.1 | 57.5 | 11.7 |
| V-Marc India | 324.00 | 40.6 | 4,747 | 0.00 | 28.6 | 163.6 | 555.5 | 102.4 | 41.4 |
| Lumino Inds | 104.10 | 18.7 | 3,170 | 0.00 | 40.2 | 32.4 | 521.4 | 19.3 | 26.6 |
| Median | 300.30 | 28.2 | 2,036 | 0.00 | 19.8 | 46.6 | 349.1 | 38.5 | 21.0 |
Competes with: Apar Industries Limited, Bajel Projects Limited, Finolex Cables Limited, KEC International Limited, KEI Industries Limited, KSH International Limited, Kalpataru Projects International Limited, Polycab India Limited, R R Kabel Limited, Techno Electric & Engineering Company Limited, Universal Cables Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Sep 2024 | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 948 | 437 | 712 | 521 |
| Expenses | 847 | 384 | 622 | 451 |
| Material Cost | 322 | |||
| Change in Inventories | -48 | |||
| Purchases of Stock-in-Trade | 115 | |||
| Employee Cost | 21 | |||
| Other Expenses | 41 | |||
| Operating Profit | 101 | 53 | 90 | 71 |
| OPM % | 11 | 12 | 13 | 14 |
| Other Income | 22 | 10 | 18 | 5 |
| Exceptional items (within Other Income) | 0 | |||
| Interest | 30 | 19 | 22 | 17 |
| Depreciation | 8 | 4 | 4 | 4 |
| Profit before tax | 85 | 40 | 82 | 54 |
| Tax % | 25 | 24 | 19 | 26 |
| Net Profit | 64 | 30 | 66 | 40 |
| EPS in Rs | 21 | 1.25 | 2.73 | 1.65 |
| Diluted EPS in Rs | 1.65 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 604 | 760 | 1,400 | 1,915 | 2,040 |
| Expenses | 544 | 710 | 1,243 | 1,682 | 1,787 |
| Operating Profit | 60 | 51 | 157 | 233 | 253 |
| OPM % | 10 | 7 | 11 | 12 | 12 |
| Other Income | 13 | 10 | 17 | 29 | 48 |
| Interest | 22 | 28 | 48 | 77 | 80 |
| Depreciation | 6 | 6 | 10 | 16 | 16 |
| Profit before tax | 46 | 27 | 116 | 169 | 205 |
| Tax % | 26 | 27 | 25 | 26 | 22 |
| Net Profit | 34 | 19 | 87 | 125 | 160 |
| EPS in Rs | 18 | 6.38 | 28 | 5.11 | 6.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 39%
- TTM
- 7%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 98%
- TTM
- 28%
Return on equity
- 10 years
- —
- 5 years
- 19%
- 3 years
- 24%
- Last year
- 25%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 18 | 30 | 30 | 122 | 122 |
| Reserves | 320 | 329 | 416 | 449 | 608 |
| Borrowings | 221 | 319 | 458 | 438 | 401 |
| Other Liabilities | 138 | 173 | 272 | 711 | 1,044 |
| Total Liabilities | 697 | 851 | 1,175 | 1,719 | 2,175 |
| Fixed Assets | 36 | 41 | 58 | 75 | 80 |
| CWIP | 5 | 9 | 5 | 11 | 48 |
| Investments | 25 | 6 | 87 | 36 | 24 |
| Other Assets | 631 | 796 | 1,026 | 1,597 | 2,024 |
| Total Assets | 697 | 851 | 1,175 | 1,719 | 2,175 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from Operating Activity | -35 | 72 | -92 | -239 | 156 |
| Cash from Investing Activity | 17 | -144 | -4 | -13 | -41 |
| Cash from Financing Activity | 19 | 84 | 99 | 311 | -102 |
| Net Cash Flow | 0 | 12 | 3 | 60 | 14 |
| Free Cash Flow | -45 | 53 | -113 | -288 | 104 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 151 | 122 | 120 | 137 | 160 |
| Inventory Days | 68 | 85 | 90 | 99 | 120 |
| Days Payable | 66 | 80 | 68 | 82 | 130 |
| Cash Conversion Cycle | 152 | 127 | 141 | 155 | 151 |
| Working Capital Days | 150 | 51 | 43 | 36 | 51 |
| ROCE % | 9 | 21 | 26 | 27 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
a new listing's EV withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
500inr_cr
2026-09-01
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
a new listing's P/B and Book Value withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
500inr_cr
2026-09-01
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-09-30
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-09-30
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-09-30
News
News and filings about Lumino Industries Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- PVC compound
- XLPE compound
- aluminium
- copper
- steel
Depends on the price of
- aluminium
- copper
- steel
Exports to
- Rwanda
Buys from
- Bharat Aluminium Company Limited · aluminium
- CTC Global Corporation · ACCC conductor technology for manufacture, sale and distribution of ACCC conductors
- Hindalco Industries · aluminium and copper
- Kritika Wires Limited · Steel and aluminium wire for conductors
Sells to
- Jackson Limited · aluminium conductors, power cables and electrical wires
- K.G.N. Electricals · aluminium conductors, power cables and electrical wires
- KEC International Limited · cables, conductors, wires and EPC services
- Kalpataru Projects International Limited · aluminium conductors, power cables and electrical wires
- Larsen & Toubro · cables, conductors, wires and EPC services
- Monte Carlo · aluminium conductors, power cables and electrical wires
- NTPC Limited · cables, conductors, wires and EPC services
- Power Grid Corporation · conductors
- R.S. Infraprojects · aluminium conductors, power cables and electrical wires
- RDSO · cables, conductors, wires and EPC services
- Tata Projects Limited · cables, conductors, wires and EPC services
- Warora Kurnool Transmission · aluminium conductors, power cables and electrical wires
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Cables - Electricals
- Classification
- Capital Goods › Cables - Electricals
- ISIN
- INE185Q01025
Plants
- Howrah manufacturing facilities (2 units) · Howrah, West Bengal
- Ranihati facility · Howrah, West Bengal
News impact
Big market events that reach Lumino Industries Limited, and how the effect spreads.
28 Sept, 16:37 IST · Market event · high impact
Kalpataru Projects shares rise 2.5% despite market sell-off | Here’s what’s in focus
Kalpataru listed its Swedish grid unit in Stockholm, lifting its own shares while rivals and suppliers see no change.
Who it hits first
- Kalpataru Projects International, which builds transmission lines and infrastructure, rose 2.5% on September 28 after its Swedish unit Linjemontage i Grastorp listed on Nasdaq Stockholm at SEK 46.
- Kalpataru keeps about 65.9% of the listed unit, so the listing puts a public price on a holding that was hard to value before.
- The gain came despite a wider market sell-off, showing the listing news outweighed weak sentiment that day.
Who may gain
- Kalpataru Projects International shareholders, who now see a market value for the kept 65.9% stake in the Swedish grid builder.
- Linjemontage i Grastorp, the Swedish grid contractor, which gains its own listed shares and easier access to Swedish capital.
- No rival builder gains work from this listing — the benefit stays with the owner of the stake.
Along the supply chain
Downstream
No change for buyers — grid owners such as Power Grid and GAIL buy finished lines, not shares, so their costs and timelines are untouched.
Upstream
No extra pull for suppliers — pipe and cable makers such as Welspun Corp, which supplies Kalpataru, see no new orders from a share listing.
Where demand moves
Business
No new building work changes hands — selling existing shares in Linjemontage at SEK 46 does not create transmission-line orders for Kalpataru or any rival.
Capital
Money flows toward Kalpataru as investors pay up for the newly priced 65.9% stake, while the Swedish unit collects its IPO funds in Stockholm for future grid work.
How it spreads across sectors
Capital Goods
No real lift for equipment and cable makers, since a single owner's stake listing creates no extra demand.
Construction
Mild positive mood as one builder shows a hidden asset can be priced, but no new orders spread to peers.
When it plays out
Immediate
Kalpataru shares hold the 2.5% listing pop over 1-7 days while traders compare the SEK 46 price to the kept 65.9% stake.
Medium term
Over 1-6 months value depends on the Swedish unit's grid orders and Kalpataru's debt and delivery, not the listing day.
Short term
Over 1-4 weeks focus shifts to whether the Swedish shares hold above SEK 46 and how Kalpataru uses any proceeds.
28 Sept, 11:41 IST · Market event · high impact
KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%
Kalpataru Projects won a Rs 4,000-crore UAE gas pipeline job that lifts its order book, while rival builders and pipe suppliers see only sentiment support.
Who it hits first
- Kalpataru Projects International, a construction and engineering builder, won a Rs 4,000-crore-plus gas pipeline building contract in the UAE.
- Despite the win, Kalpataru Projects shares slipped 1.14% to Rs 1,375.30 from Rs 1,391.20, showing a cool first reaction.
- The job adds large overseas backlog and multi-month execution work for Kalpataru Projects and its site suppliers.
Who may gain
- Kalpataru Projects International, the construction and pipeline builder, gains backlog and revenue visibility
- Pipe, cable and material suppliers to pipeline work see possible follow-on orders
- UAE gas network owners gain delivery capacity for the pipeline stretch
Along the supply chain
Downstream
Downstream, the UAE gas system and its users gain pipeline capacity once built; Indian customers named in the graph such as GAIL India, Indian Oil and Power Grid gain no direct volumes from this UAE job.
Upstream
Upstream, pipe, steel, cable and engineering suppliers such as Welspun Corp, a large pipe maker, could see enquiries if Kalpataru Projects buys pipes and materials for the UAE pipeline stretch.
Where demand moves
Business
Kalpataru Projects receives direct business demand through a Rs 4,000-crore-plus UAE gas pipeline building job, adding multi-month site work, equipment hiring and subcontracting.
Capital
Investors reprice order-book visibility for Kalpataru Projects, while rivals get only light sentiment buying since no money or contract flows to them.
How it spreads across sectors
Construction
Order-book sentiment firms as a large overseas pipeline win shows demand for Indian builders, but only the winner books work.
Oil, Gas & Consumable Fuels
A new gas pipeline stretch supports gas movement and contractor demand, with no direct fuel-price change for Indian gas sellers.
When it plays out
Immediate
In 1-7 days Kalpataru Projects trades on order-book cheer against the weak 1.14% first reaction and margin questions.
Medium term
In 1-6 months progress depends on mobilisation, permits, pipe buying and execution updates from the UAE site.
Short term
In 1-4 weeks focus shifts to contract details, margin, payment terms and any supplier orders linked to the job.
25 Sept, 16:01 IST · Market event · medium impact
Kalpataru Projects Int'l lists subsidiary on Sweden's Nasdaq Stockholm
Kalpataru Projects listed its Swedish unit Linjemontage in Stockholm, a first for an Indian firm, lifting the parent's value hopes while rivals and suppliers stay unaffected.
Who it hits first
- Kalpataru Projects International (KPIL), a power-line and civil builder, listed its Swedish unit Linjemontage on Nasdaq Stockholm.
- KPIL says it is the first Indian firm to list a foreign subsidiary in Sweden, giving the unit a visible market price.
- No sale size, price, or cash raised was disclosed, so the parent's gain is value recognition rather than fresh money.
Who may gain
- KPIL shareholders may see the hidden value of the Swedish unit reflected in the parent's price.
- Linjemontage gains its own listing status, easing future fundraising in Sweden.
- Rival builders, pipe suppliers, and rail buyers named in the pack gain no orders from this listing.
Along the supply chain
Downstream
No customer tariff or contract changes follow; rail and power buyers such as RVNL continue existing terms untouched.
Upstream
No new pipes, cables, or steel are ordered by a share listing, so Welspun Corp and other named suppliers see no volume change.
Where demand moves
Business
No project or supply order flows from a listing; the business effect is nil beyond Linjemontage's own standing in Sweden.
Capital
Capital may rotate mildly toward KPIL on value-unlocking hopes, while rivals see no reason for fresh buying.
How it spreads across sectors
Construction
Mild pride for Indian builders going global, but no orders move, so peers stay flat.
Infrastructure
No effect — the listing is a single firm's capital event with no project pipeline behind it.
When it plays out
Immediate
1-7 days: KPIL trades on listing cheer; watch the Linjemontage debut price in Stockholm.
Medium term
1-6 months: any follow-on share sale or Swedish fundraising shows whether the listing brings real cash.
Short term
1-4 weeks: analysts add the listed unit's value to KPIL targets if the debut holds.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 22 Sep 2026 | HRTI PRIVATE LIMITED | SELL | 18,67,425 | ₹110.73 |
| 22 Sep 2026 | HRTI PRIVATE LIMITED | BUY | 16,64,335 | ₹109.20 |
| 18 Sep 2026 | YUGA STOCKS AND COMMODITIES PRIVATE LIMITED | BUY | 18,27,882 | ₹110.84 |
| 18 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 17,39,724 | ₹110.85 |
| 18 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 17,33,498 | ₹110.79 |
| 18 Sep 2026 | YUGA STOCKS AND COMMODITIES PRIVATE LIMITED | SELL | 16,20,577 | ₹110.36 |
| 17 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 18,43,248 | ₹104.28 |
| 17 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 18,39,715 | ₹104.28 |
| 17 Sep 2026 | YUGA STOCKS AND COMMODITIES PRIVATE LIMITED | BUY | 17,75,779 | ₹105.64 |
| 17 Sep 2026 | YUGA STOCKS AND COMMODITIES PRIVATE LIMITED | SELL | 17,75,779 | ₹105.64 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.