Lux Industries Ltd - Stock Valuation and Financial Performance

BSE: 539542 | NSE: LUXIND | Textile | Small Cap

Lux Industries Share Price

2,075.50 -20.70 -0.99%
as on 11-Oct'24 13:59

DeciZen - make an informed investing decision on Lux Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

ux Industries stock performance -

mw4me loader
P/E Ratio (SA):
42.08
Market Cap:
6,303.6 Cr.
52-wk low:
1,072.1
52-wk high:
2,492

Is Lux Industries Ltd an attractive stock to invest in?

1. Is Lux Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Lux Industries Ltd is a good quality company.

2. Is Lux Industries Ltd undervalued or overvalued?

The key valuation ratios of Lux Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Lux Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lux Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Lux Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Lux Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.4%21.3%19.4%22.9%24.7%28.7%33.8%36.4%34.7%13.4%-
Value Creation
Index
0.70.60.40.60.81.11.41.61.60.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8719099419581,0781,2091,6641,9382,2732,3712,319
Sales YoY Gr.-4.4%3.5%1.8%12.5%12.2%37.7%16.5%17.3%4.3%-
Adj EPS 14.118.420.924.630.439.259.490.4111.747.849.8
YoY Gr.-30.1%13.7%17.7%23.8%28.9%51.6%52.1%23.6%-57.2%-
BVPS (₹) 35.952.270.797.3126.1163.8247.3336.3438486.9537.6
Adj Net
Profit
35.746.452.762.176.899179272336144150
Cash Flow from Ops. -9.8-1981.120.5-2.3193163393-225182-
Debt/CF from Ops. -24.2-15.12.814.2-141.60.91.40.3-1.31.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%17.1%12.5%4.3%
Adj EPS 14.5%9.5%-7%-57.2%
BVPS33.6%31%25.3%11.2%
Share Price - 12.2% -17.5% 50.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
46.933.324.925.827.22730.93128.910.49.7
Op. Profit
Mgn %
8.79.110.212.914.314.916.319.820.99.39.3
Net Profit
Mgn %
4.15.15.66.57.18.210.71414.86.16.5
Debt to
Equity
2.61.511.210.40.30.10.20.1-
Working Cap
Days
145165183197219212185191207246121
Cash Conv.
Cycle
8711512613314113412311614116982

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.52%

Return on Equity has declined versus last 3 years average to 9.70%

Net Profit has been subdued in last 3 years -6.98%

Sales growth is not so good in last 4 quarters at 0.23%

Latest Financials - Lux Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 49.8 48.8
TTM Sales (₹ Cr.) 2,319 2,319
BVPS (₹.) 537.6 532
Reserves (₹ Cr.) 1,610 1,594
P/BV 3.90 3.94
PE 42.08 42.93
From the Market
52 Week Low / High (₹) 1072.05 / 2492.00
All Time Low / High (₹) 534.00 / 4641.50
Market Cap (₹ Cr.) 6,304
Equity (₹ Cr.) 6
Face Value (₹) 2
Industry PE 29.6

Management X-Ray of Lux Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Lux Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9099419581,0781,2091,6641,9382,2732,3712,324
Operating Expenses 8288478389231,0291,3941,5571,7992,1532,121
Manufacturing Costs289333308355352614645815683770
Material Costs3703283223614754866436301,014860
Employee Cost 1320253743656785116130
Other Costs 155165183170159228201269339361
Operating Profit 8194120154180271382474219203
Operating Profit Margin (%) 8.9%10.0%12.5%14.3%14.9%16.3%19.7%20.8%9.2%8.7%
Other Income 002210712172117
Interest 18122225242011142218
Depreciation -44710111517181921
Exceptional Items 0000000000
Profit Before Tax 687992121155243366459198180
Tax 232732435362931185147
Profit After Tax 45516078101181273341147134
PAT Margin (%) 5.0%5.5%6.2%7.2%8.4%10.9%14.1%15.0%6.2%5.7%
Adjusted EPS (₹)17.920.323.630.840.160.291.0113.648.844.5
Dividend Payout Ratio (%)7%7%6%6%9%21%0%11%10%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1882352463194147431,0111,3171,4631,582
Share Capital 616155566666
Reserves 1271742413134097371,0041,3101,4571,576
Minority Interest0000000000
Debt27920827532117821595292199146
Long Term Debt699263557121472
Short Term Debt21011621231617220883278192144
Trade Payables97113120189163199275278317337
Others Liabilities 2843454349718585105105
Total Liabilities 5925996868728031,2291,4661,9722,0852,170

Fixed Assets

Gross Block5458121143160205250303371449
Accumulated Depreciation17217162848567287108
Net Fixed Assets3737114126132157194231284341
CWIP 537211501934503
Investments 00115397562104206
Inventories189200233299251487464815664636
Trade Receivables241255275389368437454636793719
Cash Equivalents 4177227186692752
Others Assets302745494510184125163213
Total Assets 5925996868728031,2291,4661,9722,0852,170

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -198121-2193163393-225182244
PBT 687992121155243366459198180
Adjustment 14162836313424222732
Changes in Working Capital -8014-69-11654-4682-5721376
Tax Paid -20-28-31-42-47-67-79-134-56-45
Cash Flow From Investing Activity -34-25-20-19-15-42-17644-88-128
Capex -34-24-21-17-12-13-65-67-69-34
Net Investments 0-11-20-38-134102-24-100
Others 0000-3823947
Cash Flow From Financing Activity 79-90-116-178-143-139149-119-92
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -4024-7-64-4-8162-7-5
Interest Paid -18-12-17-20-24-20-11-13-22-18
Dividend Paid -2-6-1-4-5-34-6-360-15
Others 138-9624104-145-8-127197-90-55
Net Cash Flow 26-340-50-2278-32-2524
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)40.733.0928.1227.6227.6831.2531.1829.3510.568.77
ROCE (%)21.3419.422.924.7328.6933.7536.3734.7113.3911.67
Asset Turnover Ratio1.781.581.491.381.441.641.441.321.171.09
PAT to CFO Conversion(x)-0.421.590.35-0.031.910.91.44-0.661.241.82
Working Capital Days
Receivable Days8796101112114888488110119
Inventory Days68758290838190103114102
Payable Days88117132156135136135160107139

Lux Industries Ltd Stock News

Lux Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lux Industries on 11-Oct-2024 13:59 is ₹2,075.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Oct-2024 13:59 the market cap of Lux Industries stood at ₹6,303.6.
The latest P/E ratio of Lux Industries as of 11-Oct-2024 13:59 is 42.08.
The latest P/B ratio of Lux Industries as of 11-Oct-2024 13:59 is 3.90.
The 52-week high of Lux Industries is ₹2,492 and the 52-week low is ₹1,072.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lux Industries is ₹2,319 ( Cr.) .

About Lux Industries Ltd

Lux Industries Limited was incorporated in 1995 and has emerged as one of the largest players in the hosiery business. The company has more than many products across various brands to address the growing need of customers. With focus on growing exclusive retail outlets and in providing customers with a seamless buying experience, the company’s products are available in many retail points spread across India. Lux exports too many countries across the globe.

Over the years, Lux Innerwear has built an enduring brand image in the hosiery market. With the rapid growth that the company has been experiencing, in both sales and profits, constantly expanding and innovating products and production techniques while maintaining an uncompromising stance on comfort.

Business area of the company

The company is primarily engaged in the manufacturing and sales of knitwears. The company has operations in India and caters to both domestic and international markets.

Products

  • Men’s wear
  • Women’s wear
  • Kid’s wear

Awards

  • 2012-13: Asia’s Most Promising Brand in 2012-13
  • 2013-14: Master Brand in 2013-14
  • 2014-15: Master Brand in 2014-15
  • 2014-15: The Admired Brand of India in 2014-15
  • 2015: The World’s Greatest Brands & Leaders in 2015
  • 2016: Asia's Greatest Brands in 2016
  • 2017-18: Asia’s Most Admired Brands in & Leaders 2017-18
  • 2018: India’s best brand of the year award 2018
  • 2019: India’s Power Brand, 2019
  • 2019: India’s Most Admired Brand, 2019
  • 2019: India’s Most Trusted Brand, 2019
  • 2019: Asia’s Most Trusted Brand, 2019

Milestones

  • 1992: The first television ad, “Ye Andar Ki Baat Hai”, featuring Sunny Deol was launched. It was an instant success, as it became viral among television viewers across India and also gave Lux Industries Limited a new recognition among other key players in the market.
  • 1993: Lux Industries spread its market presence beyond the borders of India as it began exporting its products to global markets such as Middle East, Africa & Europe. In the span of a few years, the company has gained a strong foothold in the global hosiery arena and increased its global exports by over 60%.
  • 1994: In 1994, Lux Industries Limited became the first company in the hosiery segment to hold a conference for its dealers. The conference was organised to discuss business strategies and future plans for the company.
  • 1995: Biswanath Hosiery was incorporated into Lux Industries Limited under the leadership of Mr. Ashok Todi and Mr. Pradeep Todi. Lux Industries Limited became the mother company and started marketing its products under the brand name, ‘Lux’, throughout the hosiery market.
  • 1998: Towards the end of the 20th century, Lux Industries Limited started developing its offices throughout the nation. In 1998, the first office in the capital of the nation, Delhi, was established.
  • 2000: By the beginning of the 21st century, Lux had become a household name in the nation and one of the most popular brands in the hosiery segment. In 2000, Sunny Deol was signed on as the face of the brand. Since then, he has continued to be the brand ambassador.
  • 2001: The company further proved its brand value and importance in the market by incorporating Lux Industries Limited as a public limited company in 2001.
  • 2003: The public listing of the company, in 2001, was closely followed by the launch of the Lux IPO,in 2003. It was massively oversubscribed due to the past growth and the future potential of the company.
  • 2009: With consistent consumer satisfaction, Lux Industries witnessed a positive growth of over 100% in just 20 years. Well known for providing premium and comfort innerwear, the quality of its products have been recognised by the top standardization bodies and authorities.
  • 2010: Following years of success, the company reached another milestone in its journey, as Shahrukh Khan became a part of the Lux family as the brand ambassador for ONN. His presence has added immense value and popularity to the brand.
  • 2013: In the sixth season of the Indian Premier League, an immensely popular club cricket tournament, Lux became the comfort partner of two of the most popular teams, Kings XI Punjab and Pune Warriors India. This strengthened the brand image and recall in the minds of consumers, adding immense value to the brand.
  • 2014: Strengthening the association with Bollywood fraternity, Lux Cozi signed up to be the title sponsor of the 14th edition of Zee Cine Awards, world’s biggest viewer’s choice awards. It was seen by over 700 million viewers across 168 countries.
  • 2015: 1st December, 2015 is the day to remember in the history of Lux when they officially listed their shares on the prestigious National Stock Exchange (NSE) and added another milestone in their successful journey.
  • 2016: The year 2016 mark significant importance as after getting successful response at National Stock Exchange, Lux Industries Limited crossed another landmark in their expedition by listing their shares on Bombay Stock Exchange (BSE).
  • 2017: Lux Industry signed the heartthrob of Young India - Varun Dhawan, as their new Brand Ambassador for its mother brand LUX Cozi. A new slogan “Suno Toh Apne Dil Ki” was also released to relate the brand with the youth fraternity of the country.
  • 2018: Lux industries achieve another first in hosiery industry as they launched the megastar of Bollywood, Sri Amitabh Bachchan as the brand ambassador for its brands Venus with a brand new TVC.
  • 2019: Launched India’s first scented vest under brand Lux Cozi. Launched One8 brand. Kartik Aaryan was on-boarded as brand ambassador for Lux Inferno and Tapasee Pannu for Lyra. Launched Lux Nitro, a casual wear product line.
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