Lorenzini Apparels Ltd

Lorenzini Appar. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lorenzini Apparels Ltd

₹ 23.2 -4.97%
22 Oct 1:15 p.m.
mymonteil.com BSE: 540952 NSE: LAL
About

Incorporated in 2007, Lorenzini Apparels Ltd manufactures, designs, and markets ready-made garments[1]

Key Points

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

Website BSE NSE - BE
  • Market Cap ₹ 372 Cr.
  • Current Price ₹ 23.2
  • High / Low ₹ 35.9 / 14.1
  • Stock P/E 57.9
  • Book Value ₹ 1.32
  • Dividend Yield 0.00 %
  • ROCE 21.4 %
  • ROE 23.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 46.0% CAGR over last 5 years

Cons

  • Stock is trading at 17.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -4.86%
  • Earnings include an other income of Rs.3.90 Cr.

* 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

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
12.16 10.34 14.20 17.91 12.68 9.97 15.18
10.79 8.52 11.89 14.46 10.42 7.98 13.79
Operating Profit 1.37 1.82 2.31 3.45 2.26 1.99 1.39
OPM % 11.27% 17.60% 16.27% 19.26% 17.82% 19.96% 9.16%
0.05 0.10 0.05 0.58 1.72 -0.48 2.08
Interest 0.37 0.36 0.31 0.31 0.38 0.41 0.41
Depreciation 0.76 0.81 0.80 0.78 0.79 0.84 0.78
Profit before tax 0.29 0.75 1.25 2.94 2.81 0.26 2.28
Tax % 37.93% 29.33% 40.00% 36.39% 15.30% -19.23% 18.42%
0.17 0.54 0.74 1.87 2.37 0.32 1.86
EPS in Rs 0.01 0.03 0.05 0.12 0.15 0.02 0.12
Raw PDF

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 TTM
13.76 13.16 14.12 12.08 16.43 23.31 25.47 34.97 25.49 24.43 43.76 54.76 55.74
13.61 12.72 13.62 11.60 15.57 22.17 24.30 33.57 24.39 21.24 36.02 44.38 46.65
Operating Profit 0.15 0.44 0.50 0.48 0.86 1.14 1.17 1.40 1.10 3.19 7.74 10.38 9.09
OPM % 1.09% 3.34% 3.54% 3.97% 5.23% 4.89% 4.59% 4.00% 4.32% 13.06% 17.69% 18.96% 16.31%
0.00 0.00 0.04 0.03 0.01 0.00 0.00 0.11 0.23 0.17 0.19 1.86 3.90
Interest 0.00 0.19 0.20 0.33 0.39 0.34 0.24 0.47 0.59 0.94 1.27 1.78 1.51
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 3.19
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 8.29
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 6.42
EPS in Rs 0.06 0.03 0.04 0.02 0.01 0.01 0.16 0.34 0.41
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: 46%
3 Years: 276%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: 125%
3 Years: 276%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 15%
Last Year: 23%

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 18.99
3.79 5.01 2.81 2.75 4.73 6.31 7.00 8.96 6.75 8.14 10.23 22.46
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 9.90
4.41 5.71 3.67 3.31 8.22 16.25 19.62 24.13 24.88 26.71 32.89 46.28
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 1.96 2.27
0.00 -1.37 -0.63 -0.13 -0.22 -0.51 -0.90 -0.55 -0.78 -1.31 -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 86.42 153.61 163.66 138.51 233.12 250.85 179.83 183.97
ROCE % 11.41% 16.67% 10.89% 18.58% 10.80% 7.15% 7.11% 4.42% 6.23% 17.10% 21.36%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.01% 56.60% 56.99% 60.25% 62.91% 62.91% 62.91% 62.91% 62.91% 62.91% 61.93% 57.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
43.99% 43.40% 43.01% 39.75% 37.10% 37.10% 37.09% 37.10% 37.10% 37.08% 38.07% 42.92%
No. of Shareholders 206175163120981375275327269,0169,13814,910

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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