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Lux Industries
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Lux Industries Limited was incorporated in the year July 21st, 1995 and is principally engaged in the business of manufacturing & sales of knitwear's. The Company has operations in India and caters to both domestic and international markets and has a wholly owned subsidiary in India in the name of Artimas Fashions Private Limited. The manufacturing units of the Company are located in Kolkata (West Bengal) and Tirupur, in the State of Tamil Nadu and Ludhiana in the State of Punjab. It has more than 1,150 dealers and 7 manufacturing facilities across India.
Lux Industries Limited was founded in 1957 by Mr Girdhari Lal Todi through the establishment of Biswanath Hosiery Mills. The Company came into existence since 1995. Over the years, the Company established itself as a leader in the branded innerwear segment in India.
During the year 2017, the Company sub divided its equity shares from Rs10/- each to Rs2/- each in the ratio of 5 shares of Rs2/- each for every 1 share of Rs10/- each.
During FY 2018, the Directors had proposed the Composite Scheme of Arrangement under Section 230 to 232 of the Companies Act, 2013 for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries Limited. The Appointed Date of the Scheme is April 1, 2018. The Scheme is subject to requisite approvals, including the sanction of the National Company Law Tribunal.
During the year 2018-19, the Company invested in 50.87% shares of Altai Industries Private Limited resulting said Private Limited Company becoming Subsidiary of Lux Industries Limited.
During the year 2018-19, Company received NOC from SEBI for Composite Scheme of Arrangement for Amalgamation of Transferor Companies i.e. J.M. Hosiery & Co. Limited and Ebell Fashions Private Limited into Transferee Company i.e. Lux Industries limited and filed the Scheme before the NCLT, with Appointed Date for the Scheme being April 01, 2018. In August 2019, company launched winter wear with hoodies addressing the younger generation aged between 25 and 35. In financial year 2019-20, Altai Industries Private Limited cease to be the subsidiary of company with effect from May 14, 2019.
In FY'20, the Company launched ONN T-shirts. It launched a scented vest under brand 'Lux Cozi', the first time in India. The company's winter wear Inferno brand was endorsed by brand ambassadors Amitabh Bachchan and Kartik Aaryan, strengthening offtake. It launched celebrated One8 brand, endorsed by Virat Kohli.. It launched Lux Nitro, a casual wear of T-shirt as product line. Artimas Fashions Pvt. Ltd. was created as a subsidiary of Lux Industries to establish a unique and customized value-chain that would establish and grow its mid-premium business. The subsidiary created independent and dedicated manufacturing capacities to manufacture all the products sold by the One8 brand. The brand launch was facilitated by a completely inorganic new distributor network. In December 2019, the brand was launched across 45 cities on a single day, comprising portfolio innerwear.
The Company launched its first exclusive brand outlet of CozyWorld in November 2020. It expanded product portfolio, launched a short women's tunic from 100% rayon that enhanced softness. It launched night suits, side pattern tracks and beginner's brassiere under the Lyra brand. It commissioned exclusive buying outlets (CozyWorld) to make retail purchases simpler in FY 2020-21. It merged Ebell Fashions, creating a platform to build around popular women's brand Lyra. It merged J.M. Hosiery and acquired the manufacturing and marketing rights for GenX, a budget-friendly youth brand. It deepened its presence in the premium segment through brands ONN, Lux Premiums (Export) and One8.
During the year 2021-22, two major Group Companies were merged with the Company. The Scheme of Amalgamation of J. M. Hosiery & Co Limited (JMHL) and Ebell Fashions Private Limited with Lux Industries was sanctioned by the Hon'ble NCLT, Kolkata Bench vide its order dated March 25, 2021 effective from May 01, 2021, with Appointed Date being April 01, 2020. Pursuant to the Scheme 48,18,681 equity shares were allotted by the Company on May 8, 2021 to the shareholders of the JMHL & Ebell. It launched a campaign, Ikkis khoobiyon wali baniyaan' for Lux Cozi vests in FY'22.
Lux Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Lux Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Lux Industries is valued compared to its competitors.
Lux Industries PE ratio helps investors understand what is the market value of each stock compared to Lux Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Lux Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Lux Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Lux Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Lux Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Lux Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Lux Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Lux Industries helps investors get an insight into when they can enter or exit the stock. Key components of Lux Industries Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Lux Industries shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Lux Industries ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Lux Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Lux Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Lux Industries .
The balance sheet presents a snapshot of Lux Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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