Lux Industries Ltd

Lux Industries Ltd

₹ 1,490 3.40%
02 Jul - close price
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 4,481 Cr.
  • Current Price 1,490
  • High / Low 1,721 / 1,072
  • Stock P/E 35.7
  • Book Value 521
  • Dividend Yield 0.34 %
  • ROCE 11.1 %
  • ROE 8.32 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Dividend payout has been low at 7.36% 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

Consolidated Figures in Rs. Crores / View Standalone

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
596 417 627 664 587 569 636 459 717 521 639 451 708
472 330 490 523 480 494 571 427 675 492 584 417 632
Operating Profit 124 87 137 142 107 75 65 33 42 28 55 34 76
OPM % 21% 21% 22% 21% 18% 13% 10% 7% 6% 5% 9% 8% 11%
5 4 4 4 6 3 3 3 10 5 4 3 9
Interest 2 3 3 4 7 5 6 7 6 6 5 5 4
Depreciation 5 4 4 5 5 5 5 5 5 6 6 6 4
Profit before tax 122 84 134 137 101 68 56 24 41 21 48 26 76
Tax % 25% 24% 25% 26% 28% 26% 27% 31% 27% 29% 25% 26% 28%
91 64 100 101 73 50 41 17 30 15 36 19 55
EPS in Rs 36.16 21.34 33.40 33.69 24.53 16.87 13.97 6.01 10.38 5.55 12.33 6.72 18.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,078 1,207 1,668 1,953 2,296 2,379 2,324
923 1,029 1,398 1,570 1,823 2,163 2,131
Operating Profit 154 178 269 382 473 215 193
OPM % 14% 15% 16% 20% 21% 9% 8%
2 9 6 10 17 18 21
Interest 25 24 21 13 16 24 20
Depreciation 10 11 15 18 18 20 22
Profit before tax 121 152 239 362 456 189 172
Tax % 36% 35% 26% 26% 26% 27% 27%
78 99 177 269 338 137 126
EPS in Rs 30.84 39.12 70.35 107.47 112.95 47.23 43.07
Dividend Payout % 7% 9% 19% 0% 11% 11% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 6%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: -23%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: -26%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 15%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 6 6 6 6
Reserves 313 406 734 999 1,303 1,446 1,560
Preference Capital 0 0 0 2 2 2
329 181 237 135 348 266 211
224 209 274 351 355 401 412
Total Liabilities 872 802 1,250 1,492 2,012 2,119 2,189
126 132 162 199 236 288 343
CWIP 5 0 1 9 34 50 3
Investments 1 5 39 75 62 103 206
740 664 1,049 1,208 1,681 1,678 1,637
Total Assets 872 802 1,250 1,492 2,012 2,119 2,189

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 190 153 389 -228 181 240
-19 -12 -18 -177 44 -88 -124
16 -178 -130 -133 152 -118 -91
Net Cash Flow -5 -0 4 79 -32 -25 24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 132 111 97 86 103 123 114
Inventory Days 328 200 382 276 501 247 217
Days Payable 207 129 157 162 174 118 113
Cash Conversion Cycle 253 182 322 200 430 252 217
Working Capital Days 173 138 169 125 197 190 213
ROCE % 28% 33% 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.

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