Lux Industries Share Price Target: 2023, 2024, 2025 to 2030: Can LUXIND touch 10,000INR?

Lux Industries has recently announced its latest Q2 FY24 financial results, which reveal a decline in standalone net profit. The company’s net profit on a standalone basis slipped by 10.8% to Rs 38.34 crore, while standalone net sales saw a marginal growth of 1.05% to Rs 638.05 crore. These results follow the previous news of an 82.15% decline in standalone net profit during the December 2022 quarter, with standalone sales dropping by 31.11% to Rs 455.77 crore.

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.

Lux Industries Ltd Stock Price Target: 2023, 2024, 2025 to 2030

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. 1507 in May 2023. 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. 1542 with a market cap of ₹46.37 Billion.

Key Points about Lux Industries

  • Over the past six years, Lux Company has allocated a substantial investment of around Rs. 836 crore towards brand development.
  • Renowned personalities such as Amitabh Bachchan, Virat Kohli, Varun Dhawan, Kartik Aaryan, and Taapsee Pannu have been enlisted as brand ambassadors.
  • Lux products are conveniently accessible in approximately 450,000 retail outlets located throughout India.
  • Lux Industries has established itself as a prominent contender in the hosiery sector, commanding a significant 14% market share of the organized industry.

Q2 FY 2024 Financial Snapshot: Marginal Sales Growth, Decline in Profit and EBITDA for Lux Industries

  • Lux Industries reported a marginal YoY growth in net sales, reaching Rs 638.05 crore in September 2023, a 1.05% increase from the same period in 2022.
  • Quarterly net profit declined by 10.8%, falling to Rs 38.34 crore in September 2023 compared to Rs 42.98 crore in September 2022.
  • EBITDA also experienced a decrease, standing at Rs 61.21 crore in September 2023, reflecting a 10.41% decline from Rs 68.32 crore in September 2022.
  • Lux Industries’ earnings per share (EPS) decreased from Rs 14.29 in September 2022 to Rs 12.75 in September 2023.
  • The company’s shares closed at Rs 1,357.35 on November 7, 2023, on the NSE, with a negative return of -5.68% over the last 6 months and -21.75% over the last 12 months.

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.

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Lux Industries Share Price Prediction: 2023-2030

Lux Industries Share Price Target 2023

When Maximum Price Minimum Price
November 2023 ₹1,555.20 ₹1,352.35
December 2023 ₹1,606.52 ₹1,396.98

In November 2023, Lux Industries’ shares are projected to range between ₹1,352.35 and ₹1,555.20. December seems even more promising, with an estimated fluctuation between ₹1,396.98 and ₹1,606.52.

As of November 11, 2023, the current price stands at ₹1,440, with a market capitalization of ₹4,330 Cr. These projections suggest a potential upward trend in share value by December, outlining a possible increase in the market price. Investors might anticipate a positive trajectory, given the historical trends, but as with any market, these figures are subject to change due to various economic and industry-specific factors.

Lux Industries Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹1,639.31 ₹1,425.49
February 2024 ₹1,672.76 ₹1,454.58
March 2024 ₹1,706.90 ₹1,484.26
April 2024 ₹1,657.19 ₹1,441.03
May 2024 ₹1,632.70 ₹1,419.73
June 2024 ₹1,691.47 ₹1,470.85
July 2024 ₹1,674.56 ₹1,456.14
August 2024 ₹1,741.54 ₹1,514.38
September 2024 ₹1,811.20 ₹1,574.96
October 2024 ₹1,775.69 ₹1,544.08
November 2024 ₹1,828.96 ₹1,590.40
December 2024 ₹1,874.68 ₹1,630.16

In 2024, Lux Industries’ share price displays a consistent upward trajectory, indicating a positive outlook for investors. January starts with a range of ₹1,425.49 to ₹1,639.31, with prices steadily climbing through the year. By December, projections indicate a potential high of ₹1,874.68 and a low of ₹1,630.16.

These figures suggest a progressive increase in value over the year, reflecting the company’s growth potential. As always, market fluctuations and unforeseen variables can influence actual outcomes, but this trend implies a promising year ahead for Lux Industries.

Lux Industries Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹1,912.18 ₹1,470.90
February 2025 ₹1,961.21 ₹1,508.62
March 2025 ₹2,037.69 ₹1,567.46
April 2025 ₹1,997.74 ₹1,536.72
May 2025 ₹1,939.55 ₹1,491.96
June 2025 ₹2,026.83 ₹1,559.10
July 2025 ₹1,987.09 ₹1,528.53
August 2025 ₹2,048.55 ₹1,575.80
September 2025 ₹2,120.25 ₹1,630.96
October 2025 ₹2,175.37 ₹1,673.36
November 2025 ₹2,229.76 ₹1,715.20
December 2025 ₹2,285.50 ₹1,758.08

Lux Industries continues to exhibit a positive trajectory for 2025, indicating potential growth for investors. The year initiates with a range of ₹1,470.90 to ₹1,912.18 in January, with prices consistently climbing month by month. By December, projections suggest a high of ₹2,285.50 and a low of ₹1,758.08, marking a substantial increase in value throughout the year. This forecast underscores the company’s potential for expansion and market confidence in its performance. The consistent upward trend presents a promising outlook for investors, reflecting sustained growth in Lux Industries’ market position.

However, while these projections indicate a favorable trajectory, market dynamics and unforeseen events can significantly influence actual stock performance. Nonetheless, the upward movement implies a potential year of substantial growth and strength for Lux Industries in 2025.

Lux Industries Share Price Target: 2026-2030

Year Maximum Price Minimum Price
2026 ₹2,399.77 ₹1,679.84
2027 ₹2,639.75 ₹1,847.83
2028 ₹3,695.65 ₹1,847.83
2029 ₹3,199.70 ₹1,599.85
2030 ₹4,159.61 ₹2,911.73

Lux Industries’ forecast for the upcoming years (2026-2030) displays an impressive trajectory, indicating substantial growth and potential for investors. The projected share prices show a consistent upward trend, with significant gains anticipated over the years. Starting in 2026, the estimated range spans from ₹1,679.84 to ₹2,399.77, showcasing a promising increase in value.

The subsequent years continue this trend, with 2027 projecting a range between ₹1,847.83 and ₹2,639.75, and a substantial leap in 2028, with estimates between ₹1,847.83 and ₹3,695.65. 2029 follows suit with a projected range of ₹1,599.85 to ₹3,199.70, and finally, 2030 is anticipated to see prices between ₹2,911.73 and ₹4,159.61. These projections indicate robust growth potential, reflecting the company’s strength and market confidence in Lux Industries.

However, while these figures portray a promising outlook, market uncertainties can significantly impact actual stock performance. Nonetheless, the projections suggest a pattern of consistent growth and promise for the company in the upcoming years.

Lux Industries Financial Condition: Last 5 years

Mar

2018

Mar

2019

Mar

2020

Mar

2021

Mar

2022

Mar

2023

Sales (in

Rs. Crores)

1,078 1,207 1,668 1,953 2,296 2,379
Expenses (in

Rs. Crores)

923 1,029 1,398 1,570 1,823 2,164
Operating Profit

(in Rs. Crores)

154 178 269 382 473 214
OPM % 14% 15% 16% 20% 21% 9%
Profit before tax

(in Rs. Crores)

121 152 239 362 456 189
Net Profit

(in Rs. Crores)

78 99 177 269 338 137
EPS (in Rs.) 30.84 39.12 70.35 107.47 112.95 47.23
Dividend

Payout %

7% 9% 19% 0% 11% 11%

Lux Industries Income Statement: Last 5 years

Lux Industries income statement

Over the last five years, Lux Industries has witnessed fluctuations in its share price while also demonstrating notable performance in its income statement. The company’s share price has experienced both ups and downs during this period, reflecting various market dynamics and investor sentiments.

In terms of the income statement, Lux Industries has shown consistent growth in its sales figures. From March 2018 to March 2023, the company’s sales increased steadily from Rs. 1,078 crores to Rs. 2,379 crores. This represents a compound annual growth rate (CAGR) of approximately 17.8% over the five-year period.

However, it is important to note that the expenses incurred by Lux Industries also witnessed an upward trend, reflecting the costs associated with the company’s operations. From March 2018 to March 2023, expenses increased from Rs. 923 crores to Rs. 2,164 crores, indicating the challenges and investments made by the company to support its growth.

Despite the rise in expenses, Lux Industries managed to maintain a positive operating profit. The operating profit margins ranged from 9% to 21% during this period, showcasing the company’s ability to generate profits from its operations.

Furthermore, the company’s net profit showed a mixed performance over the years. Lux Industries experienced growth in net profit from March 2018 to March 2022, with the figures increasing from Rs. 78 crores to Rs. 338 crores. However, in the most recent fiscal year, the net profit declined to Rs. 137 crores.

Throughout these ups and downs, Lux Industries has remained committed to rewarding its shareholders. The company has consistently paid dividends, with the dividend payout percentage ranging from 7% to 11% over the last five years.

While the share price of Lux Industries has experienced volatility, the company has demonstrated consistent growth in its sales and managed to maintain profitability. The positive operating profit and dividend payouts reflect Lux Industries’ efforts to create value for its shareholders, despite the challenges and fluctuations in the market.

FAQs

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 November 11th 2023, the market capitalization of Lux Industries Ltd. is ₹ 4,330 Cr.

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₹2,285.50 and ₹1,536.72 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 appears to be on a promising trajectory. Considering the projected maximum price for 2030 at ₹4,159.61 and the minimum price in 2023 at ₹1,352.35, the potential growth in the share price could be around 207.59%. This substantial growth projection indicates an encouraging path for the company over the years, reflecting positive potential for investors.

Why was Lux Industries stock continuously falling in 2022-23?

Lux Industries was mostly 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 seems to be now dropping, and companies profit 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. 1,440 as of 11th November, 2023.The Price-to-Earning ratio is 44.4.

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.

Disclaimer: 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 in Lux Industries.

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.

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Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

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