KPR MILL EMPLOYEE average salaries is 2.5L (they provide additional facilities too and education to employees too)
For page Industry it is around 2L
In both this company KP Rama Swami and brothers take 5.7 cr salaries
In Page they take
Sundar genomal 2.06 cr
Vs Ganesh 3.522 cr.
Don’t understand with lux promoter with very less and as highlights in above it is also managed profit they are taking very high salaries
From FY22 AR:
“The result is that even as we were compelled to raise sticker prices to absorb the unprecedented increase in raw material costs, we were pleasantly surprised – not entirely unexpected – that this increase was accepted by consumers.”
Compare with median salaries, not with average, extremes can cause huge skew.
I have seen in many places unsecured loan has been given to a related party since from the bigning.
I have highlighted them since from 2016 Annual reports.
I cannot see whether they paid interest on this loan or not.
Same time.
Total Related Party Disclosure so many in this lux.
In 2021 29 Cr Worth Properties is purchased by promotors.
Do not understand the reason for this.
if someone can explain the reason for this type of loan ?
from 2016
from Annual reports screenshot is attached
Need to wait and watch if the cotton prices are going to comeback to 15K to 25K range? The company currently uses 90% blended cotton. They could play with the blend further if cotton prices don’t correct or increase prices slowly.
Disclosure: Not invested. Definitely interested.
Annual Report: https://www.bseindia.com/xml-data/corpfiling/AttachLive/426007d0-aa6b-4be9-a1bc-4baa16e9ddf1.pdf
Maybe just that quarter?
Also, promoter shareholding increased from 69% (Dec 2020) to 74% (Sep 2023). I thought promoter had sold shares in past. Is this increase in shareholding because of any reclassification or something?
Is anyone following the tax evasion update? Has anyone ever met/spoken to management to know their background on ethics? what is the max. penalty for this in case they are guilty?
@Ankit_Agarwal1 as mentioned by you there were some rumours of separation between 2 promoters does such rumours still exist…its been more then a yr but nothing has been heard after that?
After been given clean chit by sebi on the insider case and now cotton prices stabilising or on a downward trajectory lux industries can be a stock to be kept on radar since it has all the negatives priced in and any positive news or positive result can take the stock price up.
Disc
Invested recently and looking to add more
