Lumino Industries Share Price & Stock Analysis

Quick Answers

What is the Lumino Industries share price today? Lumino Industries is currently listed and trading. Check our charts for the latest listing performance.

Is Lumino Industries a good stock to buy? Review our AI forensic scores and fundamental analysis for Lumino Industries to understand the underlying financial health.

Key Stock Information

ViewIPO AI Analysis Score

The Lumino Industries Stock scored 57/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the core business of Lumino Industries Limited?

Lumino Industries Limited is an Indian EPC and electrical manufacturing company that manufactures conductors, power cables, and electrical wires while undertaking EPC projects in power transmission, distribution, railway electrification, solar power, and water management.

What are the key issue details for the Lumino Industries IPO?

The IPO has a price band of ₹78 to ₹82 per share with a lot size of 182 shares, requiring a minimum retail investment of ₹14,196. The total issue size is ₹700 crore.

What are the opening and listing dates for the IPO?

The IPO opens on August 27, 2026, and closes on August 31, 2026. The allotment date is September 1, 2026, and the tentative listing date is September 3, 2026.

How has Lumino Industries performed financially in recent years?

Lumino Industries reported revenue from operations of ₹1,407.31 crore in FY24, ₹1,917.97 crore in FY25, and ₹2,041.07 crore in FY26. PAT increased from ₹86.61 crore in FY24 to ₹124.59 crore in FY25 and ₹160.00 crore in FY26.

What is the size of Lumino Industries' current order book?

As of March 31, 2026, Lumino Industries held an aggregate order book of ₹3,149.88 crore, comprising ₹1,991.98 crore from EPC projects and ₹1,157.90 crore from Manufacturing.

What are the major risk factors for Lumino Industries?

Major risks include heavy dependence on government power utilities (53.12% of FY26 revenue), customer concentration (top 10 clients contributed 46.52% of FY26 revenue), high trade receivables (₹894.86 crore in FY26), and raw material price volatility.

Where are Lumino Industries' manufacturing operations located?

Lumino Industries operates two manufacturing facilities located in Howrah, West Bengal, with a combined capacity of 40,000 MT based on aluminium consumption.

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Lumino IndustriesNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Power Transmission & Distribution EPC and Electrical ManufacturingIndiaFiled 2026-08-27Listed 2026-09-03Size Pending Data
Listing Price ₹120
Listing Return
₹28.00 (+34.15%)
Live Subscription
50.48x Total
Check Allotment
Status Link

Is Lumino Industries a Good Stock? Quick Verdict

Lumino Industries IPO scored 57/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 70/100, while Valuation is the primary concern at 50/100. Lumino Industries Limited exhibits strong top-line and bottom-line growth alongside a healthy ₹3,149.88 crore order book, but faces significant operational risks due to high government client concentration, rising trade receivables, and high raw material costs.

Stock Score
57/100
High Risk

Quick Verdict

Consistent revenue expansion from ₹1,407.31 crore in FY24 to ₹2,041.07 crore in FY26 with PAT growing to ₹160.00 crore.
Strong order book visibility of ₹3,149.88 crore as of March 31, 2026 across EPC and Manufacturing divisions.
High concentration risk with government entities contributing 53.12% of FY26 revenue and up to 85.58% in FY24.
Substantial outstanding borrowings of ₹1,856.78 crore as of July 31, 2026 and trade receivables of ₹894.86 crore in FY26.

Company Snapshot

Revenue (TTM)
₹2041.07Cr↑ 6.42% YoY
Profitability
PositiveNet Income ₹160Cr
Gross Margin
22.7% 
Market Cap
—Pending Data
Issue Size
— 
Industry
Power Transmission & Distribution EPC and Electrical Manufacturing 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
55
Expensive
Financial
70
Moderate
Valuation
50
Expensive
Competition
50
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Lumino Industries Limited is an Indian engineering, procurement, and construction (EPC) and manufacturing company specializing in power transmission cables, conductors, and electrical infrastructure. In FY26, Lumino Industries Limited reported revenue from operations of ₹2,041.07 crore and a profit after tax of ₹160.00 crore, continuing a multi-year growth trend. However, the company remains highly dependent on government sector contracts (53.12% of FY26 revenue) and faces liquidity headwinds from working capital lockups in trade receivables totaling ₹894.86 crore.

Overall Verdict: Lumino Industries Limited exhibits strong top-line and bottom-line growth alongside a healthy ₹3,149.88 crore order book, but faces significant operational risks due to high government client concentration, rising trade receivables, and high raw material costs.

Key Highlights

  • •Operates two manufacturing facilities in Howrah with a combined capacity of 40,000 MT based on aluminium consumption.
  • •Integrated business model using 23.08% of self-manufactured specialized products in its own EPC projects in FY26.
  • •Aggregate order book of ₹3,149.88 crore as of March 31, 2026 (₹1,991.98 crore EPC and ₹1,157.90 crore Manufacturing).
  • •Strategic collaboration with CTC Global Corporation for manufacturing and distribution of ACCC conductors.
  • •Executed over 80,000 km of distribution lines, 44 substations, and 41.03 MW of solar projects as of March 31, 2026.
  • •Cost of materials consumed represented 83.73% of total expenses in FY26.

Financial Performance

Revenue (Annual)

↑ +6.4% YoY

INR in Crores

Net Income (Annual)

↑ +28.4% YoY

INR in Crores

Gross Margin (Annual)

↓ -0.9% Delta

In Percentage

Cash Flow vs Profit

↑ +100.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

Listing Timeline

IPO Opens2026-08-27
IPO Closes2026-08-31
Basis of Allotment2026-09-01
Refunds & Demat2026-09-02
Listing Date2026-09-03

Valuation Analysis

Issue Price₹78 - ₹82
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

Stock DNA

Growth
60
Governance
55
Profitability
70
Valuation
50
Competition
50
Execution
60

Pros vs Cons

Pros

  • Consistent growth in revenue from operations from ₹1,407.31 crore in FY24 to ₹2,041.07 crore in FY26.
  • Expanding net profitability with PAT growing from ₹86.61 crore in FY24 to ₹160.00 crore in FY26.
  • Robust order book of ₹3,149.88 crore as of March 31, 2026, offering strong near-term revenue visibility.
  • Synergistic integration between manufacturing and EPC operations, supplying 23.08% of EPC product needs internally.

Cons

  • Heavy customer concentration with top 10 customers generating 46.52% of revenue in FY26 and over 80% in prior years.
  • High dependency on government agencies and state power utilities (53.12% of revenue in FY26).
  • Negative operating cash flow of ₹238.59 crore in FY25 due to working capital expansion and receivables.
  • Supplier concentration with top 10 suppliers contributing 87.50% of raw material costs in FY26.

Financial Health

Revenue Growth
45.0% revenue growth from FY24 to FY26 (Good)
Debt Level
₹1,856.78 crore borrowings as of July 31, 2026 (Weak)
Cash & Equivalents
Negative cash flow from operations of ₹238.59 Cr in FY25 (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
Tier-1 (Strategic collaboration with CTC Global Corporation)

Lumino Industries IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Lumino Industries Stock — Frequently Asked Questions

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Market Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
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Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Lumino Industries

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