Shares of the innerwear maker Lux Industries will start trading on the NSE from Monday, 30 November 2015.
The scrip has already given multibagger returns to investors.
Stock was being traded at a mere Rs 50 three years back and has now reached almost Rs 3,500. An over 60x returns in three years.
Despite such a steep rally, valuations are still attractive compared with other listed peers.
As given in valuation table, average PE of the sector is 48. Hence, applying the same valuation, the stock is likely to trade near Rs 3,500.
| Innerwear sector valuation snapshot | |||||
| Company | Face Value | FY 2015 EPS | PE | Share Price | |
| Page Industries | 10 | 175.75 | 75 | 13185 | |
| Lovable Lingerie | 10 | 11.74 | 22 | 262 | |
| Rupa & Company | 1 | 8.26 | 46 | 378 | |
| Ashapura Intimates Fashions | 10 | 4.45 | 58 | 260 | |
| Maxwell Industries | 2 | 1.08 | 61 | 66 | |
| TT | 10 | 1.88 | 30 | 56 | |
| Average PE of 6 companies in sector | 48 | ||||
| Lux Industries | 10 | 90 | 35 | 3150 ??? | |
| Lux Industries | 10 | 90 | 40 | 3600 ??? | |
| Lux Industries | 10 | 90 | 45 | 4050 ??? | |
Five years financial performance
