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

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. 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.

• 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.

Lux Industries Share Price Prediction: 2023-2030

Lux Industries Share Price Target 2023

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

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

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

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

Lux Industries Income Statement: Last 5 years

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?

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.

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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