Lux Industries Ltd

₹ 1,695 0.15%
25 Nov - close price
luxinnerwear.com BSE: 539542 NSE : LUXIND
About

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.[1]

Key Points

High Marketing Spends [1]
Company has invested a sizable amount of approximately Rs. 836 crore in brand building over the last 6 years. This brand investment accounts for about ~8% of its net sales.
Amitabh Bachchan, Virat Kohli, Varun Dhawan, Kartik Aaryan, Taapsee Pannu are brand endorsers.

Website BSE NSE
  • Market Cap ₹ 5,096 Cr.
  • Current Price ₹ 1,695
  • High / Low ₹ 4,065 / 1,642
  • Stock P/E 18.7
  • Book Value ₹ 469
  • Dividend Yield 0.71 %
  • ROCE 34.1 %
  • ROE 29.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 41.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%

Cons

  • Company might be capitalizing the interest cost

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
353 304 402 316 497 533 592 415 620 658 580 564 631
299 250 337 261 402 426 468 327 482 516 473 488 566
Operating Profit 53 53 65 55 95 107 125 88 137 142 107 76 66
OPM % 15% 18% 16% 17% 19% 20% 21% 21% 22% 22% 19% 13% 10%
3 -1 1 2 3 2 5 4 4 4 6 3 3
Interest 3 4 4 4 3 2 2 2 2 3 6 5 6
Depreciation 3 3 4 4 4 4 5 4 4 5 5 5 5
Profit before tax 49 46 58 49 91 103 123 85 135 138 103 69 58
Tax % 15% 27% 30% 24% 26% 26% 25% 24% 25% 25% 27% 26% 26%
Net Profit 42 33 41 38 68 76 92 65 101 103 74 51 43
EPS in Rs 16.65 13.23 16.16 14.87 26.79 30.05 36.54 21.55 33.49 34.40 24.77 17.12 14.29
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
521 547 692 871 909 941 958 1,078 1,209 1,664 1,938 2,273 2,434
498 515 647 801 828 846 838 923 1,028 1,393 1,555 1,799 2,043
Operating Profit 22 33 45 70 81 94 120 154 180 271 384 474 391
OPM % 4% 6% 6% 8% 9% 10% 12% 14% 15% 16% 20% 21% 16%
0 0 0 1 0 0 2 2 9 6 10 17 15
Interest 7 8 11 17 18 12 22 25 24 20 11 14 20
Depreciation 3 4 4 6 -4 4 7 10 11 15 17 18 18
Profit before tax 13 21 30 47 68 79 92 121 155 243 366 459 368
Tax % 33% 31% 32% 33% 33% 35% 35% 36% 34% 25% 25% 26%
Net Profit 8 14 20 31 45 51 60 78 101 181 273 341 272
EPS in Rs 3.31 5.59 8.04 12.40 17.88 20.29 23.62 30.84 40.12 71.57 108.25 113.53 90.58
Dividend Payout % 14% 8% 6% 5% 7% 7% 6% 7% 9% 18% 0% 11%
Compounded Sales Growth
10 Years: 15%
5 Years: 19%
3 Years: 23%
TTM: 13%
Compounded Profit Growth
10 Years: 37%
5 Years: 42%
3 Years: 50%
TTM: -18%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 7%
1 Year: -57%
Return on Equity
10 Years: 30%
5 Years: 30%
3 Years: 30%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
5 5 5 5 61 61 5 5 5 6 6 6 6
Reserves 24 37 56 86 127 174 241 313 409 737 1,004 1,310 1,405
131 132 185 238 279 225 291 329 181 220 110 316 356
88 95 134 104 181 194 150 224 209 266 346 339 377
Total Liabilities 249 269 381 432 592 599 686 872 803 1,229 1,466 1,972 2,144
21 20 27 32 37 37 114 126 132 157 194 231 234
CWIP 0 0 18 20 53 72 11 5 0 1 9 34 46
Investments 0 0 0 0 0 0 1 1 5 39 75 62 32
227 248 336 380 502 489 560 740 666 1,032 1,187 1,645 1,832
Total Assets 249 269 381 432 592 599 686 872 803 1,229 1,466 1,972 2,144

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-21 16 -40 -10 -19 81 21 -2 193 163 393 -225
9 -3 -31 -13 -34 -25 -20 -19 -15 -16 -176 44
40 -8 41 34 79 -90 -1 16 -178 -143 -139 149
Net Cash Flow 28 5 -30 11 26 -34 -0 -5 -0 4 78 -32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 61 56 62 80 97 99 105 132 111 96 85 102
Inventory Days 102 109 186 123 144 161 408 303 193 367 263 472
Days Payable 85 91 117 68 74 90 211 191 125 150 156 161
Cash Conversion Cycle 78 74 131 135 167 169 302 244 179 313 192 414
Working Capital Days 76 77 100 106 134 125 150 173 139 167 124 197
ROCE % 15% 17% 19% 22% 22% 20% 23% 25% 29% 34% 36% 34%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
69.51 69.51 69.51 69.51 69.51 69.51 74.39 74.39 73.95 73.95 74.33 74.19
4.14 4.35 3.97 3.55 3.40 3.29 4.81 4.10 3.89 2.82 2.08 2.11
3.06 3.84 4.23 4.50 4.54 4.78 6.44 6.57 6.66 6.60 6.23 11.11
23.29 22.30 22.29 22.44 22.55 22.42 14.36 14.94 15.50 16.63 17.36 12.58

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