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Lux Industries

LUXIND NSE
₹1,173.50 No trade today
P/E
35.46
View as Markdown
MCP
Close 4 Nov 2026 ₹1,173.50 −62.50 −5.06% 1Y
Start ₹1,236.00

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
7.68%
Debt to Equity
0.32
EPS (TTM)
₹33.09
Book Value
₹609.81
Market Cap
—
P/E (TTM)
35.46
P/B
1.92
ROE
5.76%
Dividend Yield
0.17%
EBITDA
₹211 Cr
52W High
₹1,823.35
52W Low
₹824.05
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Textiles & Apparels › Garments & Apparels

Lux Industries peer comparison
Page Industries
₹35,750.0052.76₹39,613 Cr26.540.57%54.30%64.40%₹5,351 Cr₹757 Cr
Arvind
₹499.4531.63₹13,742 Cr3.200.90%10.80%14.70%₹9,798 Cr₹431 Cr
Pearl Global Industries
₹1,319.9039.22₹11,797 Cr8.361.14%21.00%19.90%₹5,325 Cr₹304 Cr
Gokaldas Exports
₹731.8552.09₹5,236 Cr2.480.14%3.09%7.65%₹4,185 Cr₹103 Cr
Lux Industries (this company)
₹1,173.5035.46₹3,448 Cr1.920.17%5.76%7.68%₹2,948 Cr₹99 Cr
SBC Exports
₹67.1682.91₹3,202 Cr31.830.07%37.20%18.40%₹452 Cr₹38 Cr
Kewal Kiran Clothing
₹434.0518.07₹2,655 Cr2.640.46%14.70%17.20%₹1,258 Cr₹161 Cr
Median 7 companies₹731.8539.22₹5,236 Cr3.200.46%14.70%17.20%₹4,185 Cr₹161 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

40 Weak

Data confidence 100/100

Category scores

Quality
39
Weak
Returns, margins, earnings quality 22% weight
Valuation
31
Poor
Cheap vs sector & own history 24% weight
Growth
46
Average
Sales & profit trajectory 9% weight
Financial Health
54
Average
Solvency, leverage, coverage 9% weight
Momentum
31
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

3
  • The company has delivered a poor sales growth of 8.67% over past five years.
  • Company has a low return on equity of 7.97% over last 3 years.
  • Dividend payout has been low at 4.88% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBearish441
Moving AveragesStrong Bullish307

Key readings

RSI (14)
56.14
Neutral
MACD (12,26,9)
0.45
Bullish
SMA (50)
1,140.37
Bullish
SMA (200)
1,170.18
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.06%
5Y+8.67%
3Y+7.40%
1Y+13.93%
TTM+11.37%

Net profit

Net profit growth by window
10Y+7.07%
5Y−18.03%
3Y−11.76%
1Y−39.16%
TTM−36.54%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YOutflow widened by ₹68 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.86 pp
5Y−13.68 pp
3Y−3.23 pp
1Y−2.99 pp
TTM−2.18 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹958 Cr
Mar 2018₹1,078 Cr
Mar 2019₹1,209 Cr
Mar 2020₹1,664 Cr
Mar 2021₹1,938 Cr
Mar 2022₹2,273 Cr
Mar 2023₹2,371 Cr
Mar 2024₹2,324 Cr
Mar 2025₹2,578 Cr
Mar 2026₹2,937 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹60.00 Cr
Mar 2018₹78.00 Cr
Mar 2019₹101 Cr
Mar 2020₹181 Cr
Mar 2021₹273 Cr
Mar 2022₹341 Cr
Mar 2023₹147 Cr
Mar 2024₹134 Cr
Mar 2025₹166 Cr
Mar 2026₹101 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Lux Industries Ltd trades at a market cap of ₹3,826 Cr with a PE of 35.3x despite declining profitability — compounded profit growth is -35% TTM and -10% over 3 years. The company shows a recovery in top-line momentum with 14% TTM sales growth, but ROE has deteriorated from 16% on a 10-year basis to just 6% in the last year.

Bull Case 7
  • TTM sales growth has accelerated to 14%, well above the 5-year compounded sales CAGR of 9%, indicating a potential revenue recovery
  • 10-year compounded sales CAGR of 12% demonstrates long-term demand durability for the brand in the innerwear segment
  • 10-year compounded profit CAGR of 8% shows the business has historically been capable of generating earnings growth over full cycles
  • Price-to-book of 2.04x is relatively modest for a branded consumer discretionary company, suggesting the stock is not pricing in excessive optimism
  • 10-year stock CAGR of 7% despite recent sharp corrections suggests long-term wealth creation track record remains intact
  • 10-year ROE average of 16% indicates the underlying business model can deliver attractive returns on equity when operating conditions normalise
  • Low debt levels implied by the modest PB ratio and consumer staples-adjacent business model provide balance sheet resilience in a downturn
Bear Case 8
  • Compounded profit growth is -35% TTM, signalling severe margin compression or operational challenges in the most recent period
  • 3-year compounded profit CAGR of -10% shows earnings deterioration is not a one-quarter blip but a multi-year trend
  • ROE has collapsed from 16% (10-year) to just 6% in the last year, indicating sharply declining capital efficiency
  • 3-year ROE of 8% is well below cost of equity for a mid-cap consumer company, implying value destruction for shareholders
  • PE of 35.3x is elevated relative to the current earnings trajectory — paying a premium multiple for declining profits increases downside risk
  • Stock has delivered -20% CAGR over 5 years, reflecting sustained de-rating and investor disenchantment
  • Dividend payout at only 4.88% of profits over 3 years offers negligible income support, with dividend yield at just 0.16%
  • 5-year compounded profit CAGR of -17% suggests structural headwinds to profitability rather than cyclical weakness alone

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Lux Industries is making a significant long-term bet on manufacturing scale with a ₹600 crore capex plan that nearly triples capacity and targets substantial revenue uplift. The CIO resignation is a minor leadership gap but not structurally concerning. Overall trend is constructive with a clear growth roadmap, though execution over the 6-year timeline and near-term demand conditions remain key monitorables.

Headwinds 1
  • CIO resigns due to health Jun 27

    Subrata Kumar Roy resigned as CIO-Vertical A effective June 27, 2026, citing ongoing health concerns. Loss of a key technology executive could disrupt digital/IT initiatives in the near term.

Positives 1
  • ₹600Cr Dankuni capacity expansion Jul 6

    Board approved ₹600 crore expansion at Dankuni facility, targeting capacity increase from 12 crore pieces to 30-32 crore pieces over 6 years. Expected to generate ₹900-1,000 crore annual revenue from the facility upon completion.

Quarterly Results

₹ Cr
LUXIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
521
638
452
708
535
671
553
819
604
779
673
881
615
720
Expenses
487
580
416
632
490
608
503
743
569
735
636
817
574
674
Operating Profit
34
58
36
76
45
63
50
76
35
44
36
64
41
—
OPM %
6%
9%
8%
11%
8%
9%
9%
9%
6%
6%
5%
7%
7%
—
Other Income
2
3
3
8
10
14
4
2
9
5
0
4
7
5
Interest
5
5
5
4
4
5
5
6
6
10
9
10
11
11
Depreciation
6
6
6
4
6
6
6
6
7
7
8
8
8
8
PBT
25
50
28
77
46
67
44
66
31
32
20
50
29
32
Tax %
25%
24%
25%
28%
25%
24%
25%
27%
23%
26%
32%
19%
25%
24%
Net Profit
18
38
21
56
35
51
33
48
24
24
13
40
22
24
EPS (₹)
6.09
12.75
6.97
18.61
11.49
16.87
10.85
16.02
7.95
7.93
4.43
13.42
7.31
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
LUXIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
909
941
958
1,078
1,209
1,664
1,938
2,273
2,371
2,324
2,578
2,937
2,948
Expenses
828
846
838
923
1,028
1,393
1,555
1,799
2,150
2,121
2,343
2,757
2,762
Operating Profit
81
94
120
154
180
271
384
474
222
203
235
180
185
OPM %
9%
10%
12%
14%
15%
16%
20%
21%
9%
9%
9%
6%
6%
Other Income
0
0
2
2
9
6
10
17
18
17
30
19
17
Interest
18
12
22
25
24
20
11
14
22
18
19
36
41
Depreciation
−4
4
7
10
11
15
17
18
19
21
24
30
31
PBT
68
79
92
121
155
243
366
459
198
180
222
133
131
Tax %
33%
35%
35%
36%
34%
25%
25%
26%
26%
26%
25%
24%
—
Net Profit
45
51
60
78
101
181
273
341
147
134
166
101
100
EPS (₹)
17.88
20.29
23.62
30.84
40.12
71.57
108
114
48.8
44.42
55.23
33.74
33.09
Div. Payout %
7%
7%
6%
7%
9%
18%
0%
11%
11%
5%
4%
6%
—

Balance Sheet

₹ Cr
LUXIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
5
5
5
6
6
6
6
6
6
Reserves
127
174
241
313
409
737
1,004
1,310
1,457
1,576
1,740
1,842
Borrowings
335
281
291
329
181
220
110
316
231
172
280
584
Other Liabilities
125
138
150
224
209
266
346
339
391
416
523
646
Total Liabilities
592
599
686
872
803
1,229
1,466
1,972
2,085
2,170
2,550
3,078
Fixed Assets
37
37
114
126
132
157
194
231
284
341
360
388
CWIP
53
72
11
5
0
1
9
34
50
3
9
18
Investments
0
0
1
1
5
39
75
62
104
206
175
155
Other Assets
502
489
560
740
666
1,032
1,187
1,645
1,648
1,620
2,005
2,517
Total Assets
592
599
686
872
803
1,229
1,466
1,972
2,085
2,170
2,550
3,078

Cash Flow

₹ Cr
LUXIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−19
81
21
−2
193
163
393
−225
182
244
−85
−153
Investing
−34
−25
−20
−19
−15
−16
−176
44
−88
−128
−12
−34
Financing
79
−90
−1
16
−178
−143
−139
149
−119
−92
75
250
Net Cash Flow
26
−34
0
−5
0
4
78
−32
−25
24
−22
63
Free Cash Flow
−53
57
0
−20
181
150
328
−292
113
209
−121
−207
CFO/OP
2
115
43
26
133
85
123
−19
108
142
−13
−67

Ratios

LUXIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
97
99
105
132
111
96
85
102
122
113
127
140
Inventory Days
144
161
408
303
193
367
263
472
239
270
336
349
Days Payable
74
90
211
191
125
150
156
161
114
143
173
190
Cash Conversion Cycle
167
169
302
244
179
313
192
414
247
240
290
299
Working Capital Days
50
80
69
66
87
122
107
151
158
156
169
150
ROCE %
22%
20%
23%
25%
29%
34%
36%
34%
13%
11%
13%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Lux Industries insights

69 extracted metrics across FY04–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.19%
  • Public 14.37%
  • Others 6.04%
  • DIIs 4.76%
  • FIIs 0.63%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Concall · May 2026
    PPT
  • Concall · Feb 2026
    PPT
  • Concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

Frequently Asked Questions about Lux Industries

What does Lux Industries Ltd do?
Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its…
Where is Lux Industries Ltd (LUXIND) listed?
Lux Industries Ltd trades as LUXIND on the NSE and under code 539542 on the BSE.
Which sector does Lux Industries Ltd belong to?
Lux Industries Ltd is classified under the Textiles sector, in the Textiles & Apparels industry.
What is the PE ratio of Lux Industries Ltd?
Lux Industries Ltd trades at a PE ratio of 35.46 as of 4 Nov 2026, on earnings per share of ₹33.09, against a book value of ₹609.81 per share.
What is the 52-week high and low of Lux Industries Ltd?
Over the last 52 weeks Lux Industries Ltd has traded between ₹824.05 and ₹1,823.35 as of 4 Nov 2026.
Does Lux Industries Ltd pay dividends?
Lux Industries Ltd has a dividend yield of 0.17%.
What is the Return on Equity (ROE) of Lux Industries Ltd?
Lux Industries Ltd reported a return on equity of 5.76%. Its debt-to-equity ratio is 0.32.

Company Information

Lux Industries Limited was incorporated in 1995 having a market share of 15% of the organised industry. It is the largest mid-segment hosiery enterprise in India.Company is engaged in the manufacturing and marketing of innerwear, thermals, and casuals under various brands, with ‘LUX’ being its flagship brand.

Website luxinnerwear.com
CEO Mr. Ashok Kumar Todi
Employees 4,055
Listed 30 Nov 2015
Face Value ₹2

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