Lux Industries experienced an 82.15% decline in its consolidated net profit in the December 2022 quarter, with sales dropping by 31.11% to reach Rs 455.77 crore and as a result we are seeing a decline in its share price and market price. In this post we are going to see what is the Lux share price target from 2023 to 2030. But before that lets do some fundamental analysis of Lux Industries.
Lux Industries Ltd. is one of India’s leading manufacturers of hosiery and innerwear products. Established in 1985, the company has grown steadily and is now one of the largest apparel manufacturers in India. Lux Industries has around 400 retail outlets across India, and its products are also available in more than 17,000 multi-brand outlets. The company has a strong presence in the international market and exports its products to countries such as the US, UK, Germany, Spain, and Italy. Lux Industries products include innerwear and outerwear for men, women, and kids, such as vests, briefs, T-shirts, shirts, nightwear, sweaters, jackets, and thermal wear.
Stock History of Lux Industries Ltd
Lux Industries Ltd. has been listed on the National Stock Exchange of India since 1994 and began trading on the Bombay Stock Exchange in 1996.
The company’s stock has performed well over the years, with the stock price increasing from Rs. 60 in 2007 to Rs. 790 in August 2020. The company has also been able to pay a dividend consistently since 2008, with the dividend rate increasing steadily over the years.
Currently, the Lux Shares is trading at Rs 1279 with a market cap of ₹ 3,852 Crore.
Lux Industries Ltd in recent news
- CFO Saurabh Bhudolia resigns Lux Industries.
- Lux Industries witnessed a growing turnover of 12% this fiscal.
- Lux Industries has challenged gender stereotypes by partnering with female celebrity Jacqueline Fernandez to promote products from Lux Cozi.
How to buy Lux Industries Ltd in India?
You can buy shares of Lux Industries Ltd. in India through a stockbroker. There are a number of stockbrokers that offer online trading services, such as Zerodha, 5Paisa, and Angel Broking.
You will need to open a Demat account with the stockbroker and deposit the required amount of money before you can start trading.
Once you have opened an account, you can search for Lux Industries Ltd. on the stockbroker’s website and place an order to buy the shares.
Lux Industries Ltd. Share Price Prediction 2023-2030
Lux Industries Share Price Target 2023 is ₹ 2351.05
|When||Maximum Price||Minimum Price|
Lux industries share price will grow slowly and reach the mark of ₹2351.05 by the end of December 2023. The minimum share price target is ₹926.73.
Lux Industries Share Price Target 2024 is ₹ 3291.57
|When||Maximum Price||Minimum Price|
Share price of Lux Industries would reach ₹3,291.57 by the end of 2024. Minimum share price target for Lux in 2024 is ₹1,705.72.
Lux Industries Share Price Target 2025 is ₹ 3992.73
|When||Maximum Price||Minimum Price|
The share price of Lux Industries is predicted to reach close to ₹4,000 by the end of 2025 and according to our prediction, the exact price is calculated to be ₹3,992.73. The minimum share price target for Lux industries in 2025 is ₹2,316.94.
Lux Industries Share Price Target 2026-2030
|Year||Maximum Price||Minimum Price|
Lux Industries will fall drastically after reaching a decent price of 3,992 INR in 2025. This drop will take this as low as Rs. 1,662 in 2027. After 2027, the stock price will again jump and reach Rs 8,784 by 2029 and finally end the decade with a price up to Rs 9,782.19.
Lux Industries Financial Condition: Last 5 years
|Profit before tax||121.02||154.64||242.58||366.09||459.27|
|Price to earning||55.27||34.29||13.23||16.18||19.32|
Lux Industries Income Statement: Last 5 years
We can see a gradual increase in the revenue and income generated in the last 5 years. It posted 22.96B revenue and 3.5B profit in 2022.
Looking at 2021 figures, we can see, Lux posted revenue and income of 19.53B and 2.71B respectively.
This is 17.56% growth in revenue, and 29.15% growth in profit in one year.
Will Lux Industries stock price grow in 2023?
It‘s tough to give a precise reply to this question, since stock prices are affected by many elements, such as economic conditions, company performance, and investor sentiment. But with the firm‘s strong performance over the last few years and its rising dividend rate, it appears the share price will keep going up in 2023.
What is the Market Cap of Lux Industries?
As of March 2023, the market capitalization of Lux Industries Ltd. is Rs. 3852 crores.
What is the share price target for Lux Industries in 2025?
Given the company’s strong performance over the past few years and its increasing dividend rate, it is likely that the company will continue to perform well and its stock price will continue to increase. The company is also likely to benefit from the growth of the Indian apparel industry, as well as from its presence in the international market. Thus, it is likely that the company will continue to perform well in the future. Lux Industries is expected to trade in between Rs. 2316 and Rs. 3,992.73 IN in 2025
Can Lux Industries share price reach 10,000 INR?
The mark of Rs. 10,000 seems very high in the case of share prices but not in the term of Lux Industries due to its strong visible future and the upcoming appeal in the Indian market it seems a reachable mark. According to our prediction, the share price of Lux Industries Ltd will reach 10,000 INR after 2030 or around the mentioned time.
What is Lux Industries Share Price Target of 2030?
Lux industries could grow by 660% by 2030. Maximum and minimum share price target for Lux industries 2030 is ₹9,782.19 and ₹6,847.53 respectively.
Why is Lux Industries stock continuously falling in 2022-23?
Lux Industries is continuously falling in 2022-23. Because of the rise in the price of raw materials, textile industries profit has dropped drastically. And it is not just Lux industries, companies in the same industries are seeing a drop in the share prices. However, the prices of the raw materials have now dropped, and companies profits should be back in next quarter.
This makes it a good time to accumulate Lux Industries.
Conclusion: Should you buy Lux Industries in 2023?
Lux Industries Ltd. is one of India’s leading manufacturers of hosiery and innerwear products, with a strong presence in the international market. The company’s stock has performed well over the years, with the stock price increasing from Rs.60 in 2007 to Rs. 790 in August 2020 and Rs. 1610 in December 2022. Today, on 20th March, 2023, one share of Lux industries is trading at Rs. 1279 INR.
The company has also been able to pay a dividend consistently since 2008, with the dividend rate increasing steadily over the years. It is difficult to predict the future of Lux Industries Ltd. in 2025, but given the company’s strong performance over the past few years and its increasing dividend rate, it is likely that the company will continue to perform well and its stock price will continue to increase.
I personally hold Lux industries. I think Lux Industries have a great future. It is able to afford to hire superstars like Virat Kohli, Kartik Aryan as its brand ambassadors. I like the healthy numbers Lux has been posting since last 5 years. Yes quarterly, the results have not been impressive, which is why the share price have been sliding. This also makes it a good opportunity to invest.
Disclaimer: Please consult a SEBI registered financial advisor before investing in Lux industries. This article on Lux share price target 2023 to 2030 is for educational purpose only.