Lux Industries Ltd

About [ edit ]

Lux Industries Limited was incorporated in 1995 and has emerged as one of the largest players in the hosiery business having a market share of 14% of the organised industry. It is the largest mid-segment hosiery enterprise in India. The Company has more than 100 products across 16 brands to address the growing need of customers. Company’s products are available in ~4,50,000 retail points spread across India.#

Key Points [ edit ]
  • Market Cap 4,896 Cr.
  • Current Price 1,939
  • High / Low 1,966 / 840
  • Stock P/E 28.9
  • Book Value 228
  • Dividend Yield 0.64 %
  • ROCE 29.6 %
  • ROE 27.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 22.81% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.66%

Cons

  • Stock is trading at 8.51 times its book value
  • The company has delivered a poor sales growth of 5.76% over past five years.
  • Promoter holding has decreased over last 3 years: -4.20%

Peer comparison

Sector: Textiles Industry: Textiles - Composite

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
333 262 277 284 386 262 353 304 286 244 381 387
275 225 235 241 326 226 299 250 238 199 308 308
Operating Profit 58 38 42 43 60 36 53 53 48 46 72 79
OPM % 17% 14% 15% 15% 16% 14% 15% 18% 17% 19% 19% 20%
Other Income 0 0 1 0 5 0 3 -1 0 2 2 1
Interest 7 7 6 5 5 3 3 4 3 2 2 1
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 48 28 34 35 57 30 49 46 42 41 69 75
Tax % 37% 35% 38% 31% 34% 34% 15% 27% 27% 24% 26% 26%
Net Profit 30 18 21 24 38 20 42 33 31 31 52 56
EPS in Rs 12.04 7.10 8.50 9.63 14.90 7.92 16.65 13.23 12.10 12.47 20.49 22.10

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
292 334 521 547 692 871 909 941 958 1,078 1,209 1,203 1,298
284 324 498 515 647 801 828 846 838 923 1,028 1,014 1,054
Operating Profit 8 10 22 33 45 70 81 94 120 154 180 189 245
OPM % 3% 3% 4% 6% 6% 8% 9% 10% 12% 14% 15% 16% 19%
Other Income 4 3 0 0 0 1 0 0 2 2 9 4 5
Interest 6 5 7 8 11 17 18 12 22 25 24 13 8
Depreciation 1 1 3 4 4 6 -4 4 7 10 11 12 13
Profit before tax 5 7 13 21 30 47 68 79 92 121 155 167 228
Tax % 37% 34% 33% 31% 32% 33% 33% 35% 35% 36% 34% 25%
Net Profit 3 4 8 14 20 31 45 51 60 78 101 126 170
EPS in Rs 1.29 1.75 3.31 5.59 8.04 12.40 17.88 20.29 23.62 30.84 40.12 49.90 67.16
Dividend Payout % 29% 24% 14% 8% 6% 5% 7% 7% 6% 7% 9% 26%
Compounded Sales Growth
10 Years:14%
5 Years:6%
3 Years:8%
TTM:-0%
Compounded Profit Growth
10 Years:40%
5 Years:23%
3 Years:28%
TTM:26%
Stock Price CAGR
10 Years:%
5 Years:22%
3 Years:3%
1 Year:105%
Return on Equity
10 Years:28%
5 Years:27%
3 Years:28%
Last Year:28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
5 5 5 5 5 5 61 61 5 5 5 5 5
Reserves 14 17 24 37 56 86 127 174 241 313 409 493 570
Borrowings 56 84 131 132 185 238 279 225 291 329 181 129 63
45 42 88 95 134 104 181 194 150 224 209 199 244
Total Liabilities 120 148 249 269 381 432 592 599 686 872 803 827 882
8 8 21 20 27 32 37 37 114 126 132 136 139
CWIP 1 7 0 0 18 20 53 72 11 5 0 1 1
Investments 0 0 0 0 0 0 0 0 1 1 5 5 25
111 133 227 248 336 380 502 489 560 740 666 685 717
Total Assets 120 148 249 269 381 432 592 599 686 872 803 827 882

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-24 -21 16 -40 -10 -19 81 21 -2 193 107
-10 9 -3 -31 -13 -34 -25 -20 -19 -15 0
22 40 -8 41 34 79 -90 -1 16 -178 -107
Net Cash Flow -12 28 5 -30 11 26 -34 -0 -5 -0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 13% 15% 17% 19% 22% 22% 20% 23% 25% 29% 30%
Debtor Days 82 65 61 56 62 80 97 99 105 132 111 93
Inventory Turnover 3.53 4.10 4.46 3.52 2.59 2.57 2.85 2.34 0.96 1.38 1.74 1.47

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
73.71 73.71 73.71 73.71 73.71 73.71 73.71 69.51 69.51 69.51 69.51 69.51
1.41 1.46 1.78 1.75 1.65 1.57 1.45 4.14 4.35 3.97 3.55 3.40
3.20 1.52 1.42 1.61 1.93 2.18 2.67 3.06 3.84 4.23 4.50 4.54
21.67 23.30 23.08 22.92 22.70 22.53 22.17 23.29 22.30 22.29 22.44 22.55

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