Lorenzini Apparels Ltd
Incorporated in 2007, Lorenzini Apparels Ltd manufactures, designs, and markets ready-made garments[1]
- Market Cap ₹ 400 Cr.
- Current Price ₹ 25.5
- High / Low ₹ 33.0 / 11.0
- Stock P/E 72.4
- Book Value ₹ 1.15
- Dividend Yield 0.00 %
- ROCE 17.1 %
- ROE 17.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 41.7% CAGR over last 5 years
Cons
- Stock is trading at 22.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.08% over last 3 years.
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11.32 | 13.76 | 13.16 | 14.12 | 12.08 | 16.43 | 23.31 | 25.47 | 34.97 | 25.49 | 24.43 | 43.76 | 55.13 | |
11.20 | 13.61 | 12.72 | 13.62 | 11.60 | 15.57 | 22.17 | 24.30 | 33.57 | 24.39 | 21.24 | 36.02 | 45.29 | |
Operating Profit | 0.12 | 0.15 | 0.44 | 0.50 | 0.48 | 0.86 | 1.14 | 1.17 | 1.40 | 1.10 | 3.19 | 7.74 | 9.84 |
OPM % | 1.06% | 1.09% | 3.34% | 3.54% | 3.97% | 5.23% | 4.89% | 4.59% | 4.00% | 4.32% | 13.06% | 17.69% | 17.85% |
0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.01 | 0.00 | 0.00 | 0.11 | 0.23 | 0.17 | 0.19 | 2.45 | |
Interest | 0.00 | 0.00 | 0.19 | 0.20 | 0.33 | 0.39 | 0.34 | 0.24 | 0.47 | 0.59 | 0.94 | 1.27 | 1.36 |
Depreciation | 0.00 | 0.00 | 0.21 | 0.30 | 0.23 | 0.15 | 0.22 | 0.23 | 0.36 | 0.48 | 1.86 | 2.89 | 3.18 |
Profit before tax | 0.12 | 0.15 | 0.04 | 0.04 | -0.05 | 0.33 | 0.58 | 0.70 | 0.68 | 0.26 | 0.56 | 3.77 | 7.75 |
Tax % | 41.67% | 33.33% | 175.00% | -50.00% | 20.00% | 36.36% | 24.14% | 8.57% | 47.06% | 69.23% | 80.36% | 33.16% | |
0.08 | 0.09 | -0.05 | 0.06 | -0.03 | 0.21 | 0.44 | 0.64 | 0.37 | 0.08 | 0.12 | 2.52 | 5.52 | |
EPS in Rs | 0.06 | 0.03 | 0.04 | 0.02 | 0.01 | 0.01 | 0.16 | 0.35 | |||||
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: | 13% |
5 Years: | 13% |
3 Years: | 8% |
TTM: | 79% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 42% |
3 Years: | 89% |
TTM: | 1992% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 131% |
3 Years: | 293% |
1 Year: | 110% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 2.28 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 |
Reserves | 0.25 | 0.34 | 0.30 | 0.45 | 0.41 | 0.86 | 0.59 | 1.22 | 1.59 | 1.67 | 2.73 | 5.27 | 7.88 |
1.02 | 1.00 | 1.10 | 2.30 | 1.96 | 2.23 | 0.93 | 3.26 | 5.98 | 8.94 | 14.54 | 15.88 | 14.76 | |
3.99 | 3.79 | 5.01 | 2.81 | 2.75 | 4.73 | 6.31 | 7.00 | 8.96 | 6.75 | 8.14 | 10.23 | 14.90 | |
Total Liabilities | 5.27 | 5.14 | 6.42 | 5.57 | 5.13 | 10.10 | 17.97 | 21.62 | 26.67 | 27.50 | 35.55 | 41.52 | 47.68 |
0.43 | 0.73 | 0.71 | 1.90 | 1.82 | 1.88 | 1.72 | 1.70 | 2.22 | 2.30 | 8.51 | 8.23 | 6.88 | |
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 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.32 | 0.32 | 0.33 | 0.40 | 1.28 |
4.84 | 4.41 | 5.71 | 3.67 | 3.31 | 8.22 | 16.25 | 19.62 | 24.13 | 24.88 | 26.71 | 32.89 | 39.52 | |
Total Assets | 5.27 | 5.14 | 6.42 | 5.57 | 5.13 | 10.10 | 17.97 | 21.62 | 26.67 | 27.50 | 35.55 | 41.52 | 47.68 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.65 | 1.19 | -2.43 | -6.25 | 0.41 | 0.09 | 0.34 | 3.11 | 2.06 | ||
0.00 | 0.00 | -1.37 | -0.63 | -0.13 | -0.22 | -0.51 | -0.90 | -0.55 | -0.78 | -1.41 | ||
0.00 | 0.00 | 1.00 | -0.51 | 2.15 | 7.26 | -0.48 | 1.16 | -0.03 | -1.84 | -1.28 | ||
Net Cash Flow | 0.00 | 0.00 | 0.28 | 0.04 | -0.41 | 0.79 | -0.58 | 0.35 | -0.25 | 0.49 | -0.63 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 6.13 | 6.63 | 8.88 | 17.84 | 10.58 | 61.31 | 38.36 | 67.50 | 69.72 | 78.04 | 76.20 | 71.98 |
Inventory Days | 225.72 | 54.04 | 88.84 | 182.32 | 271.94 | 270.53 | 216.87 | 336.62 | 644.20 | 353.36 | ||
Days Payable | 188.41 | 103.34 | 110.35 | 126.22 | 95.33 | 124.73 | 108.43 | 122.43 | 214.51 | 120.32 | ||
Cash Conversion Cycle | 6.13 | 6.63 | 46.18 | -31.46 | -10.93 | 117.41 | 214.98 | 213.29 | 178.16 | 292.23 | 505.89 | 305.02 |
Working Capital Days | 26.44 | 28.38 | 12.20 | 10.86 | -5.44 | 86.42 | 153.61 | 163.66 | 138.51 | 233.12 | 250.85 | 179.83 |
ROCE % | 10.91% | 11.41% | 16.67% | 10.89% | 18.58% | 10.80% | 7.15% | 7.11% | 4.42% | 6.23% | 17.10% |
Documents
Announcements
- Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 (Hereinafter Referred To As The 'Listing Regulations') 13 May
- Announcement under Regulation 30 (LODR)-Change in Management 8 May
- Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Year Ended On 31St March 2024. 19 Apr
-
Disclosure Of Trading Approval Of Bonus Shares
16 Apr - Company has received the trading approval from NSE and BSE dated April 15,2024 for issuance of Bonus Shares.
- Disclosure Of Non-Applicability Of SEBI Circular Dated 26Th November, 2018, With Regard To Fund Raising By Issuance Of Debt Securities By Large Entities 13 Apr
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