Lumax Industries (NSE:LUMAXIND) Inventory Turnover: 1.24 (As of Mar. 2026)

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NSE:LUMAXIND Lumax Industries Ltd NSE:LUMAXIND
87 GF Score
Price ₹5,186.50
GF Value ₹4,382.86
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Lumax Industries Inventory Turnover?

Lumax Industries NSE:LUMAXIND -2.47% 87 Inventory Turnover is 1.24 as of Mar. 2026. GuruFocus rates NSE:LUMAXIND with a GF Score™ of 87/100 and a GF Value™ of ₹4,382.86 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Lumax Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹7,961 Mil. Lumax Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹6,431 Mil. Lumax Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumax Industries's Days Inventory for the three months ended in Mar. 2026 was 73.72.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Lumax Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.54.

Lumax Industries  (NSE:LUMAXIND) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lumax Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=6431.145/7960.937*365 / 4
=73.72

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Lumax Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=6431.145 / 12003.185
=0.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Lumax Industries Inventory Turnover Related Terms

Lumax Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Lumax Industries's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lumax Industries Inventory Turnover Chart

Lumax Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 4.71 3.58 4.23 4.77

Lumax Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.24 1.13 1.20 1.24
NSE:LUMAXIND
87GF Score
Lumax Industries Ltd NSE:LUMAXIND
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Lumax Industries Inventory Turnover Calculation

Lumax Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=27518.905 / ((5111.667 + 6431.145) / 2 )
=27518.905 / 5771.406
=4.77

Lumax Industries's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=7960.937 / ((0 + 6431.145) / 1 )
=7960.937 / 6431.145
=1.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.24 mean?
Lumax Industries (NSE:LUMAXIND) has a Inventory Turnover of 1.24 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lumax Industries and its competitors.
Is Lumax Industries' Inventory Turnover too high?
Lumax Industries' current Inventory Turnover is 1.24. Overall, Lumax Industries has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumax Industries' Inventory Turnover compare to ORLY and AZO?
Lumax Industries' Inventory Turnover of 1.24 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lumax Industries and its competitors. Lumax Industries's current Inventory Turnover is 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumax Industries stock overvalued right now?
Based on GuruFocus' analysis, Lumax Industries (NSE:LUMAXIND) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹4,382.86, compared to a current price of ₹5,186.50 — trading 18.3% above its estimated fair value. The current Inventory Turnover is 1.24. Lumax Industries' overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Lumax Industries (NSE:LUMAXIND), the current Inventory Turnover is 1.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lumax Industries (NSE:LUMAXIND) Overvalued in 2026?

Based on GuruFocus' analysis, Lumax Industries stock appears to be overvalued. The current stock price of ₹5,186.50 is trading 18.3% above its estimated GF Value™ of ₹4,382.86. GuruFocus considers Lumax Industries to be Modestly Overvalued.

Key valuation signals for NSE:LUMAXIND:

  • Inventory Turnover: 1.24
  • GF Value™: ₹4,382.86 vs. price of ₹5,186.50 (18.3% above fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the NSE:LUMAXIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lumax Industries Business Description

Other Exchanges 517206:India
Address Plot No. - 878, Udyog Vihar, Phase - V, Gurugram, HR, IND, 122016
Lumax Industries Ltd is engaged in the business of manufacturing various types of Automotive lighting equipment for four-wheelers and two-wheeler applications in India. The Company's business activity falls within a single business segment, which is the manufacturing and trading of Automotive Components. It provides automotive lighting equipment that includes head lamps, tail lamps, sundry lamps, and auxiliary lamps. Geographically, the company caters its services to the domestic and overseas markets, of which a majority of revenue is derived within India.
87GF Score

Get the complete analysis for NSE:LUMAXIND

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,186.50
Price
₹4,382.86
GF Value