Lux Industries Ltd
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.#
High Marketing Spends #
Company spends 8% of turnover in brand building.
Have signed stars like Amitabh Bachchan, Varun Dhawan as brand ambassadors.
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
Documents
Recent announcements
- Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 In Connection With The Scheme Of Amalgamation Of J. M. Hosiery & Co Limited & Ebell Fashions Private Limited With Lux Industries Limited And Their Respective Shareholders. 7 Apr
- Closure of Trading Window 27 Mar
- Update On Scheme Of Amalgamation Of J.M. Hosiery & Co. Ltd. & Ebell Fashions Private Limited With Lux Industries Limited And Their Respective Shareholders. 26 Mar
- Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 23 Mar
- Authorisation Under Regulation 30(5) Of SEBI(LODR) Regulations, 2015. 17 Mar
View all