Lux Industries

Lux Industries, which sells apparels and accessories under the brand name of “Lux” and “Lux Cozy” Is traded mostly in the green, ever since it announced that its Board was meeting on 12th April to consider a stock split.

Lux Industries was always listed on the Calcutta and Ahmedabad stock exchanges but saw no trades due to lack of liquidity. It was in Dec’15 that its shares got listed on BSE and NSE at Rs.3342 and within minutes of listing was locked on the upper circuit. Founded in 1957, the company has more than 100 products in its kitty and is the largest Indian exporter of inner wears and manufactures 1.75 crore pieces every month.

On the financial front, the company had a very good third quarter. On a 20% (YoY) jump in net sales at Rs.247 crore, it posted a 55% jump in net profit at Rs.14 crore. EBITDA for the quarter was at Rs.26 crore, up 37%. Margin improved from 9.27% to 10.53%. The company has a small equity at Rs.5.30 crore. Promoters stake is at 73.71%.