Fundamental

LUX INDUSTRIES

Ticker : 539542
BUY: Rs. 1335.05
Target: Rs. 1498

Lux Industries is engaged in the manufacture of knitted apparel including hosiery. The company offers various products for men, women and kids. The company is the owner of popular brands like Lux Cozi, Lux Classic, Lux Inferno, etc. The company’s manufacturing units are located in Kolkata in West Bengal and Tirupur in Tamil Nadu. In Q3FY19, the company’s revenues stood at Rs. 283.59 crore as against Rs. 297.43 crore during the same period previous year. The company’s net profit in Q3FY19 stood at Rs. 24.33 crore, up 31.79 per cent as against 18.46 crore in the corresponding period last year.The company is focused on brand building, selling more high value products to a diverse customer base, while maintaining cost efficiencies. Considering these factors, we recommend a BUY.

TIME TECHNOPLAST 

Ticker : 532856
BUY: Rs. 103.45
Target: Rs. 119

Time Technoplast is a leading manufacturer of polymer products. The company operates in industry segments like industrial packaging solutions, lifestyle products , automotive components, material handling solutions and composite cylinders. The company has presence in India, Bahrain, Egypt, Indonesia, etc. The net sales for the company stood at Rs 539.58 crore in December 2018, up 18.73 per cent from Rs. 454.47 crore in December 2017. The company reported a net profit of Rs 33.9 crore in December 2018, up 12.77 per cent from Rs 30.06 crore in December 2017. The company has secured an order of Rs 210 crore to supply high quality, high pressure PE pipes from India’s leading EPC contractor. This is one of the largest orders for PE pipes ever awarded in India. Considering these factors, we recommend a BUY.