Lorenzini Apparels Ltd
Incorporated in 2007, Lorenzini Apparels Ltd manufactures, designs, and markets ready-made garments[1]
- Market Cap ₹ 381 Cr.
- Current Price ₹ 24.3
- High / Low ₹ 33.0 / 11.7
- Stock P/E 71.8
- Book Value ₹ 1.32
- Dividend Yield 0.00 %
- ROCE 22.7 %
- ROE 25.6 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 52.6% CAGR over last 5 years
Cons
- Stock is trading at 18.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.50%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Processing
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13.76 | 13.16 | 14.12 | 12.08 | 16.43 | 23.31 | 25.47 | 34.97 | 25.49 | 24.43 | 43.76 | 54.76 | |
13.61 | 12.72 | 13.62 | 11.60 | 15.57 | 22.17 | 24.30 | 33.57 | 24.39 | 21.24 | 36.02 | 44.76 | |
Operating Profit | 0.15 | 0.44 | 0.50 | 0.48 | 0.86 | 1.14 | 1.17 | 1.40 | 1.10 | 3.19 | 7.74 | 10.00 |
OPM % | 1.09% | 3.34% | 3.54% | 3.97% | 5.23% | 4.89% | 4.59% | 4.00% | 4.32% | 13.06% | 17.69% | 18.26% |
0.00 | 0.00 | 0.04 | 0.03 | 0.01 | 0.00 | 0.00 | 0.11 | 0.23 | 0.17 | 0.19 | 1.87 | |
Interest | 0.00 | 0.19 | 0.20 | 0.33 | 0.39 | 0.34 | 0.24 | 0.47 | 0.59 | 0.94 | 1.27 | 1.41 |
Depreciation | 0.00 | 0.21 | 0.30 | 0.23 | 0.15 | 0.22 | 0.23 | 0.36 | 0.48 | 1.86 | 2.89 | 3.21 |
Profit before tax | 0.15 | 0.04 | 0.04 | -0.05 | 0.33 | 0.58 | 0.70 | 0.68 | 0.26 | 0.56 | 3.77 | 7.25 |
Tax % | 33.33% | 175.00% | -50.00% | -20.00% | 36.36% | 24.14% | 8.57% | 47.06% | 69.23% | 80.36% | 33.16% | 26.90% |
0.09 | -0.05 | 0.06 | -0.03 | 0.21 | 0.44 | 0.64 | 0.37 | 0.08 | 0.12 | 2.52 | 5.30 | |
EPS in Rs | 0.06 | 0.03 | 0.04 | 0.02 | 0.01 | 0.01 | 0.16 | 0.34 | ||||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 29% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 53% |
3 Years: | 305% |
TTM: | 111% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 119% |
3 Years: | 296% |
1 Year: | 93% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 17% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 2.28 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 | 15.67 |
Reserves | 0.34 | 0.30 | 0.45 | 0.41 | 0.86 | 0.59 | 1.22 | 1.59 | 1.67 | 2.73 | 5.27 | 5.04 |
1.00 | 1.10 | 2.30 | 1.96 | 2.23 | 0.93 | 3.26 | 5.98 | 8.94 | 14.54 | 15.88 | 19.00 | |
3.79 | 5.01 | 2.81 | 2.75 | 4.73 | 6.31 | 7.00 | 8.96 | 6.75 | 8.14 | 10.23 | 22.45 | |
Total Liabilities | 5.14 | 6.42 | 5.57 | 5.13 | 10.10 | 17.97 | 21.62 | 26.67 | 27.50 | 35.55 | 41.52 | 62.16 |
0.73 | 0.71 | 1.90 | 1.82 | 1.88 | 1.72 | 1.70 | 2.22 | 2.30 | 8.51 | 8.23 | 5.98 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.32 | 0.32 | 0.33 | 0.40 | 9.89 |
4.41 | 5.71 | 3.67 | 3.31 | 8.22 | 16.25 | 19.62 | 24.13 | 24.88 | 26.71 | 32.89 | 46.29 | |
Total Assets | 5.14 | 6.42 | 5.57 | 5.13 | 10.10 | 17.97 | 21.62 | 26.67 | 27.50 | 35.55 | 41.52 | 62.16 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.65 | 1.19 | -2.43 | -6.25 | 0.41 | 0.09 | 0.34 | 3.11 | 2.06 | 2.27 | ||
0.00 | -1.37 | -0.63 | -0.13 | -0.22 | -0.51 | -0.90 | -0.55 | -0.78 | -1.41 | -8.83 | ||
0.00 | 1.00 | -0.51 | 2.15 | 7.26 | -0.48 | 1.16 | -0.03 | -1.84 | -1.28 | 6.96 | ||
Net Cash Flow | 0.00 | 0.28 | 0.04 | -0.41 | 0.79 | -0.58 | 0.35 | -0.25 | 0.49 | -0.63 | 0.40 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 6.63 | 8.88 | 17.84 | 10.58 | 61.31 | 38.36 | 67.50 | 69.72 | 78.04 | 76.20 | 71.98 | 77.79 |
Inventory Days | 225.72 | 54.04 | 88.84 | 182.32 | 271.94 | 270.53 | 216.87 | 336.62 | 644.20 | 353.36 | 350.31 | |
Days Payable | 188.41 | 103.34 | 110.35 | 126.22 | 95.33 | 124.73 | 108.43 | 122.43 | 214.51 | 120.32 | 109.37 | |
Cash Conversion Cycle | 6.63 | 46.18 | -31.46 | -10.93 | 117.41 | 214.98 | 213.29 | 178.16 | 292.23 | 505.89 | 305.02 | 318.72 |
Working Capital Days | 28.38 | 12.20 | 10.86 | -5.44 | 86.42 | 153.61 | 163.66 | 138.51 | 233.12 | 250.85 | 179.83 | 249.69 |
ROCE % | 11.41% | 16.67% | 10.89% | 18.58% | 10.80% | 7.15% | 7.11% | 4.42% | 6.23% | 17.10% | 22.71% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment
16 Jul - Allotment of 22,92,542 shares Pursuant to exercise option of the warrant at meeting held on 16th July 2024
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Certificate under Regulation 74(5) of Securities Exchange Board of India (Depositories Participants) Regulations, 2018
-
Announcement under Regulation 30 (LODR)-Allotment
6 Jul - Allotment of Equity Shares persuant to Conversion of warrant And from Reserve Made for Warrant Holder Under Bonus Issue
- Closure of Trading Window 28 Jun
-
Announcement under Regulation 30 (LODR)-Allotment
30 May - Disclosure under Regulation 30 of SEBI (LODR) 2015 for the allotment of shares pursuant the conversion of warrant into the equity shares of the Company
Business Overview:[1]
LPL is in the business of manufacturing, designing and marketing of ready-made garments offering a range of formal, semiformal and casual wear for men and women. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It also outsources garment manufacturing to third party contractors