• Revenue growth outlook: Lumax Auto Technologies targets a 20% revenue CAGR across FY27 and FY28 following 33% growth in Q1, despite an anticipated year-on-year growth moderation in the second half due to a higher industry base.
• Order book visibility: The company is sitting on an order book of ₹1,600 crore, with 60% expected to convert into revenue in FY28, and 20% each in FY27 and FY29.
• Mechatronics and localization: Management expects the Mechatronics division to reach a ₹1,000 crore topline over the next 3 to 5 years by localizing imported components such as sensors, body control modules, and CNG fittings.
• Clean mobility target: Electric vehicles currently contribute around 10% of consolidated revenue, with management targeting clean and future mobility segments to reach 20% of total revenue over a 3-to-5-year horizon.
• Margin and Capex: Lumax is aiming to expand EBITDA margins to the 16%–17% range with a long-term aspiration near 20%, backed by a ₹300 crore capex plan in FY27 to set up seven greenfield and brownfield facilities.