Lux Industries Limited (LUXIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-4.5%

₹1,119.72

vs ₹1,173.00 price

Levered DCF

-₹1,112.14

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.93×	25.11×	26.17×	24.59×	19.4×	19.37×	15.99×	35.97×
P/B	1.35×	2.4×	2.16×	2.41×	5.03×	5.23×	3.84×	8.64×
P/S	0.85×	1.62×	1.46×	1.48×	2.89×	2.71×	1.71×	2.96×
EV / EBITDA	14.64×	16.71×	16.57×	18.87×	14.04×	13.52×	11.86×	20.15×
Gross margin	22.4%	23.7%	52.7%	22.4%	31.7%	56.6%	28.7%	51.4%
Operating margin	5.1%	7.7%	7.0%	7.5%	19.4%	18.3%	14.8%	15.5%
Net margin	3.5%	6.4%	5.6%	6.0%	14.9%	14.0%	10.7%	8.2%
Current ratio	2.18×	2.69×	3.03×	2.87×	2.59×	2.81×	2.13×	1.77×
Debt / equity	0.34×	0.18×	0.13×	0.18×	0.27×	0.14×	0.34×	0.44×
Interest coverage	3.96×	9.53×	8.33×	7.38×	27.64×	27.92×	11.66×	7.88×
Dividend yield	0.1%	0.0%	0.4%	0.0%	0.5%	0.1%	1.2%	0.2%
Payout ratio	1.5%	0.9%	11.6%	0.0%	10.6%	2.3%	19.2%	6.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	9.6%	8.3%	9.8%	25.9%	27.0%	24.0%	24.0%
Return on invested capital	4.7%	7.2%	6.7%	7.5%	19.7%	23.0%	24.2%	20.0%
Return on assets	3.4%	6.4%	5.9%	6.7%	16.9%	18.2%	20.9%	12.3%
Free cash flow yield	-8.9%	-2.8%	5.8%	2.8%	-4.6%	6.1%	3.0%	5.0%
Earnings yield	4.2%	4.0%	3.8%	4.1%	5.2%	5.2%	6.2%	2.8%
Enterprise value	₹30B	₹44.4B	₹35.5B	₹37.3B	₹68.9B	₹53.1B	₹30.9B	₹37.3B
Net debt / EBITDA	2.54×	1.08×	0.75×	1.22×	0.61×	0.13×	0.96×	0.97×
Cash conversion cycle (days)	219	202	217	201	233	173	188	170