Lux Industries Ltd

Lux Industries Ltd

₹ 1,486 -0.30%
03 Jul 11:12 a.m.
About

Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand. [1]

Key Points

High Marketing Spends
Company has invested a sizable amount in last seven years for brand building amounting to ~Rs.900 Cr. On a average Company spent 8% of revenues on branding.Salman Khan, Sourav
Ganguly, Jacqueline Fernandez, Vijay Deverakonda, Varun Dhawan, Boman Irani, Janhvi Kapoor are their brand endorsers. Company even sposored KKR team in IPL.[1]

  • Market Cap 4,468 Cr.
  • Current Price 1,486
  • High / Low 1,721 / 1,072
  • Stock P/E 33.5
  • Book Value 526
  • Dividend Yield 0.33 %
  • ROCE 11.6 %
  • ROE 8.77 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Dividend payout has been low at 7.22% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Composite

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
592 415 620 658 580 564 631 458 716 521 638 452 708
468 327 482 516 473 488 566 423 672 487 580 416 632
Operating Profit 125 88 137 142 107 76 66 35 44 34 58 36 76
OPM % 21% 21% 22% 22% 19% 13% 10% 8% 6% 6% 9% 8% 11%
5 4 4 4 6 3 3 3 10 2 3 3 8
Interest 2 2 2 3 6 5 6 7 5 5 5 5 4
Depreciation 5 4 4 5 5 5 5 5 5 6 6 6 4
Profit before tax 123 85 135 138 103 69 58 27 44 25 50 28 77
Tax % 25% 24% 25% 25% 27% 26% 26% 27% 25% 25% 24% 25% 28%
92 65 101 103 74 51 43 20 33 18 38 21 56
EPS in Rs 36.54 21.55 33.49 34.40 24.77 17.12 14.29 6.52 10.86 6.09 12.75 6.97 18.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
692 871 909 941 958 1,078 1,209 1,664 1,938 2,273 2,368 2,324
647 801 828 846 838 923 1,028 1,393 1,555 1,799 2,146 2,121
Operating Profit 45 70 81 94 120 154 180 271 384 474 222 203
OPM % 6% 8% 9% 10% 12% 14% 15% 16% 20% 21% 9% 9%
0 1 0 0 2 2 9 6 10 17 18 17
Interest 11 17 18 12 22 25 24 20 11 14 22 18
Depreciation 4 6 -4 4 7 10 11 15 17 18 19 21
Profit before tax 30 47 68 79 92 121 155 243 366 459 198 180
Tax % 32% 33% 33% 35% 35% 36% 34% 25% 25% 26% 26% 26%
20 31 45 51 60 78 101 181 273 341 147 134
EPS in Rs 8.04 12.40 17.88 20.29 23.62 30.84 40.12 71.57 108.25 113.53 48.80 44.42
Dividend Payout % 6% 5% 7% 7% 6% 7% 9% 18% 0% 11% 11% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 14%
3 Years: 6%
TTM: -2%
Compounded Profit Growth
10 Years: 16%
5 Years: 6%
3 Years: -21%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: -26%
1 Year: -1%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 15%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 5 5 5 5 6 6 6 6
Reserves 56 86 127 174 241 313 409 737 1,004 1,310 1,457 1,576
Preference Capital 0 0 56 56 0 0 0 0 0 0 0
185 238 279 225 291 329 181 220 110 316 231 153
134 104 181 194 150 224 209 266 346 339 391 435
Total Liabilities 381 432 592 599 686 872 803 1,229 1,466 1,972 2,085 2,170
27 32 37 37 114 126 132 157 194 231 284 341
CWIP 18 20 53 72 11 5 0 1 9 34 50 3
Investments 0 0 0 0 1 1 5 39 75 62 104 206
336 380 502 489 560 740 666 1,032 1,187 1,645 1,648 1,620
Total Assets 381 432 592 599 686 872 803 1,229 1,466 1,972 2,085 2,170

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-40 -10 -19 81 21 -2 193 163 393 -225 182 244
-31 -13 -34 -25 -20 -19 -15 -16 -176 44 -88 -128
41 34 79 -90 -1 16 -178 -143 -139 149 -119 -92
Net Cash Flow -30 11 26 -34 -0 -5 -0 4 78 -32 -25 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 62 80 97 99 105 132 111 96 85 102 122 113
Inventory Days 186 123 144 161 408 303 193 367 263 472 239 214
Days Payable 117 68 74 90 211 191 125 150 156 161 114 113
Cash Conversion Cycle 131 135 167 169 302 244 179 313 192 414 247 214
Working Capital Days 100 106 134 125 150 173 139 167 124 197 189 212
ROCE % 19% 22% 22% 20% 23% 25% 29% 34% 36% 34% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.39% 74.39% 73.95% 73.95% 74.33% 74.19% 74.19% 74.19% 74.19% 74.19% 74.19% 74.19%
4.81% 4.10% 3.89% 2.82% 2.08% 2.11% 1.88% 2.15% 2.18% 1.69% 0.95% 0.83%
6.44% 6.57% 6.66% 6.60% 6.23% 11.11% 10.18% 9.67% 8.96% 8.06% 6.94% 4.88%
14.36% 14.94% 15.50% 16.63% 17.36% 12.58% 13.75% 13.98% 14.67% 16.05% 17.91% 20.10%
No. of Shareholders 25,13039,16745,64257,75267,92975,97786,75687,37888,23992,88395,23797,862

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls