Lux Industries Limited up by 16.42%: Market Update By Espresso


Espresso shot of the day – Lux Industries Ltd up by 16.42 percent

May 28, 2021
Espresso shot of the day – Lux Industries Ltd up by 16.42 percent

LUX INDUSTRIES LTD 3257.25 (+16.42 %) BSE – INE150G01020 | 28TH MAY 2021

Founded in 1957 by Mr. Giridhari Lal Todi as Biswanath Hosiery Mills, Lux Industries Ltd. came into being in 1995 and a new era began when Mr Girdhari Lal Todi ji's sons took over the reins of the company. Lux eventually became the most preferred innerwear brand in the country. Lux Industries Limited strives to produce quality products for customers though state-of-the-art equipment. The machines are sourced from reputed leaders in the field like Mayer & Cie, Morgan Tecnica, Unitex and so on. With hundreds of operators and senior technicians, Lux makes sure that this equipment is performing at optimum capacity and cared for and maintained in a timely fashion. Apart from the advanced cutting and knitting machines, Lux sources the best cotton yarn from India and abroad to make the finest quality products. Both their updated machinery and superior raw materials have been housed in their latest project in Dankuni, West Bengal. Spread over 21 acres, it is one of the largest in Asia and also has an in-house processing unit. At Lux Industries Limited, extensive and stringent quality controls are maintained across all production stages. The organisation’s backend runs on sophisticated SAAP, which ensures that all procedures of manufacturing are well-documented and professionally managed.

Recent Drivers

  • On May 28, 2021, Lux Industries Ltd. reported quarterly net profit at Rs 92.28 crores in Mar 2021, up 202.03% from Rs 30.55 crores in Mar 2020.
  • On May 28, 2021, Lux Industries Ltd. reported net sales at Rs 592.38 crores in Mar 2021, up 106.98% from Rs 286.20 crores in Mar 2020.
  • The company witnessed healthy traction for economy and mid-premium categories and saw a gradual pickup in premium and export segments.
  • Anticipating an improvement in demand and becoming future-ready, the management has announced a greenfield expansion with a CapEx of Rs 110 crores. The CapEx will be completed over the next 12-18 months and will be funded through internal accruals. With this investment, the management is expecting to generate incremental sales of around Rs 400 crores.
  • On Apr 8, 2021, it was announced that the composite scheme of amalgamation of J M Hosiery & Co. and Ebell Fashion with Lux Industries has been sanctioned by the National Company Law Tribunal (NCLT).

(Sources: Moneycontrol, The Economic Times, Business Standard, LiveMint)

Technical Force*

  • S&P BSE 500 month till date gain up by 6.04%
  • Traded on new 52-week-high value: 3322.75
  • 3 months avg. volume of NSE: 1,60,017
  • Quantity traded: 36,914 | Deliverable quantity: 12,610 (34.16%)
  • Stock price has jumped more than 215% from one-year low level: 899.95 | May 28, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 3322.75 | 52-week-low: 899.95

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Some Key Ratios (Source: BSE)

Market Cap: Rs 8,225.53 crores

PE: 42.35

OPM%: 21.61

ROE%: 22.89

Promoters holding%: 74.39

Prev. Close: 2797.75

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.