Lorenzini Apparels Ltd

Lorenzini Apparels Ltd

₹ 27.8 9.87%
12 Jul - close price
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

  • Market Cap 436 Cr.
  • Current Price 27.8
  • High / Low 33.0 / 11.0
  • Stock P/E 82.2
  • 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 21.0 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

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
12.16 10.34 14.20 17.91 12.68 9.97
10.79 8.52 11.89 14.46 10.42 7.98
Operating Profit 1.37 1.82 2.31 3.45 2.26 1.99
OPM % 11.27% 17.60% 16.27% 19.26% 17.82% 19.96%
0.05 0.10 0.05 0.58 1.72 -0.48
Interest 0.37 0.36 0.31 0.31 0.38 0.41
Depreciation 0.76 0.81 0.80 0.78 0.79 0.84
Profit before tax 0.29 0.75 1.25 2.94 2.81 0.26
Tax % 37.93% 29.33% 40.00% 36.39% 15.30% -19.23%
0.17 0.54 0.74 1.87 2.37 0.32
EPS in Rs 0.01 0.03 0.05 0.12 0.15 0.02
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
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: 125%
3 Years: 315%
1 Year: 147%
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%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jul 2024
55.91% 56.01% 56.60% 56.99% 60.25% 62.91% 62.91% 62.91% 62.91% 62.91% 62.91% 61.41%
44.09% 43.99% 43.40% 43.01% 39.75% 37.10% 37.10% 37.09% 37.10% 37.10% 37.08% 38.59%
No. of Shareholders 229206175163120981375275327269,0169,262

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