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Lux Industries Ltd share Price Today

Company details

1,573.00
1,608.00
1,071.75
1,719.55
6M Return 13.70%
1Y Return 9.52%
Mkt Cap.(Cr) 4,783.40
Volume 74,532
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 74,532

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Apparels & Accessories company Lux Industries announced Q1FY24 results:

  • Income from Operations of Rs 525.4 crore in Q1FY24 compared to Rs 571.7 crore in Q1FY23, down 8% YoY.
  • EBITDA of Rs 33.2 crore in Q1FY24 compared to Rs 77.8 crore in Q1FY23, a decrease of 57% YoY.
  • EBITDA Margin (%) of 6.33% in Q1FY24 compared to 13.61% in Q1FY23.
  • Profit After Tax of Rs 15.1 crore in Q1FY24 compared to Rs 50.0 crore in Q1FY23, a decrease of 70% YoY.
  • PAT Margin (%) of 2.88% in Q1FY24 compared to 8.74% in Q1FY23.

Commenting on the Industry Trends, Ashok Kumar Todi, Chairman said,

"FY23, the hosiery industry faced multiple challenges arising from various factors. These challenges encompassed reduced on-ground demand, disruptions in the supply chain, and volatility in raw material prices, all contributing to decreased volumes and profit margins. These obstacles are expected to have some ripple effect even in the first half of FY24, as still there is some ongoing difference between domestic and international cotton prices.

Amid this difficult industry landscape, Lux has fairly navigated these challenging market conditions with state-of-the-art manufacturing facilities, a wide range of legacy brands, and a deeply penetrated supply chain network. The Company’s Q1 FY24 financial performance was in line with the management estimates. The Company during the period reported a revenue of Rs 525.4 crore compared to Rs 571.7 crore last year.

The Company remains focused on continuing to increase its market share across key geographies and channels through its legacy and power brands like Lux Cozi, Lux Venus, Lux Inferno, Lux Cottswool, Lyra, and ONN among many others. Moreover, the Company’s commitment to enhancing working capital cycles and optimizing inventory management continues to be a driving force, as it strives to fortify its competitive edge in this dynamic and evolving industry landscape.”

 

Result PDF

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Lux Industries Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,624.9
R2 1,641.4
R3 1,662.9
Pivot

1,603.43

S1 1,586.9
S2 1,565.4
S3 1,548.9
EMA SMA
1,446.9
1,339.0
1,306.9
1,345.5
1,453.8
1,271.5
1,258.9
1,346.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-09-06 1605.66 191285 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-09-06 1607.01 191285 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-27 1659.14 183204 NSE
Name Category Shares
PRADIP KUMAR TODI PROMOTER 14.68%
PRABHA DEVI TODI PROMOTER 12.19%
ASHOK KUMAR TODI PROMOTER 12.17%
BIMLA DEVI TODI PROMOTER 11.59%
SHOBHA TODI PROMOTER 9.09%
UDIT TODI PROMOTER 2.79%
SAKET TODI PROMOTER 2.64%
RAHUL KUMAR TODI PROMOTER 1.53%
NAVIN KUMAR TODI PROMOTER 1.08%
HOLLYFIELD TRADERS PRIVATE LIMITED PROMOTER 6.18%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Lux Industries Ltd Stocks COMPARISON

Financials( in Cr) Lux Industries Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 1,590.65 2,434.70 38.15 2,253.90 144.35
% Change 0.87 0.46 -5.10 0 0.14
Mcap Cr 4,783.40 165,693.51 19,441.07 15,005.11 14,028.05
Revenue TTM Cr 2,378.66 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 137.47 11,078.20 441.61 536.96 202.51
PE TTM 45.92 28.49 48.83 8.87 20.73
1 Year Return 9.52 43.31 11.71 45.46 56.14
ROCE 12.57 9.04 11.89 21.11 5.91
ROE 9.96 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,453.76 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33

Lux Industries Ltd Information

Stock PE (TTM)
45.92
Promoter Holding
74.19%
Book Value
495.5707
ROCE
12.57%
ROE
9.96%
Description
  • Lux Industries Ltd. was established by Giridhari Lal Todi as Biswanath Hosiery Mills in 1957. The Kolkata-based hosiery producer is a prominent player in the garments sector. The company was renamed Lux Industries Ltd. in 1995. The annual turnover of the company is more than Rs 2,000 crore, and it employs more than 36,000 workers. Lux Industries Ltd. exports to 46 countries and is India’s largest exporter in the hosiery industry. The company’s products include men’s, women’s and kids’ innerwear, winter wear, socks, and leggings for women. The market capitalisation of Lux Industries Ltd. as of November 28, 2022, was Rs 5,088 crore. The audited total income of Lux Industries Ltd. in the financial year ending on March 31, 2022, was Rs 2,289.99 crore, which grew from the audited total income of Rs 1,950.76 crore for the previous financial year.

    The company is listed on the NSE and BSE under the codes LUXIND and 539542, respectively.

    The unaudited consolidated total income of the company for the quarter ending on September 30, 2022, was Rs 638.32 crore, which grew from Rs 630.86 crore for the same period in the previous financial year. The unaudited consolidated total income of the company in the quarter ending on June 30, 2022, was Rs 571.69 crore. 

    The board of directors of Lux Industries Ltd. include the chairman Ashok Kumar Todi, managing director Pradip Kumar Todi, executive directors Navin Kumar Todi, Rahul Kumar Todi, Saket Todi, and Udit Todi, independent directors Nandanandan Mishra, Snehasish Ganguly, Kamal K Agrawal, Rusha Mitra, Rajnish Rikhi, and Ratnabali Kakkar. The promoter and promoter group hold 74.19% shares of the company, while the remaining 25.81% stake is held by the public.

    On November 28, 2022, the share of Lux Industries Ltd. traded at Rs 1,691.95 on the NSE. On the same day, the 52-week high and low prices of Lux Industries Ltd.’s shares on the NSE were Rs 1,642 and Rs 4,065, respectively. Shares of Lux Industries Ltd. generated a return of -16.38% in the past six months and -59.71% last year.

    Peers of Lux Industries Ltd. include Grasim Industries Ltd., Vardhaman Textile, Trident, KPR Mill, and Raymond. 

     

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

No 39, Kali Krishna Tagore Street, Kolkata, West Bengal, 700007

Tel : 91-33-22598155
Email : cs:luxinnerwear.com; pankaj.kedia:luxinnerwear.com
Website : http://www.luxinnerwear.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 539542
NSE Code : LUXIND
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE150G01020

FAQ’s on Lux Industries Ltd Shares

You can buy Lux Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Lux Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 21, 2024 01:09 PM the closing price of Lux Industries Ltd was Rs.1,590.65.

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 May 21, 2024 01:09 PM, the market cap of Lux Industries Ltd stood at Rs. 4,783.40.

The latest PE ratio of Lux Industries Ltd as of May 21, 2024 01:09 PM is 45.92

The latest PB ratio of Lux Industries Ltd as of May 21, 2024 01:09 PM is 0.31

The 52-week high of Lux Industries Ltd share price is Rs. 1,719.55 while the 52-week low is Rs. 1,071.75

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