Lovable Lingerie Ltd

About [ edit ]

Lovable Lingerie is mainly engaged in the business manufacturing hosiery/garment products.

  • Market Cap 186 Cr.
  • Current Price 126
  • High / Low 146 / 48.8
  • Stock P/E 278
  • Book Value 113
  • Dividend Yield 0.40 %
  • ROCE 0.61 %
  • ROE 0.40 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value

Cons

  • The company has delivered a poor sales growth of -16.34% over past five years.
  • Company has a low return on equity of 1.24% for last 3 years.
  • Earnings include an other income of Rs.4.63 Cr.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
54.89 42.12 50.70 27.79 52.58 39.10 40.11 10.58 6.69 20.22 27.86 25.85
49.56 40.27 47.31 31.26 48.16 36.66 36.83 14.54 11.65 19.26 25.24 26.39
Operating Profit 5.33 1.85 3.39 -3.47 4.42 2.44 3.28 -3.96 -4.96 0.96 2.62 -0.54
OPM % 9.71% 4.39% 6.69% -12.49% 8.41% 6.24% 8.18% -37.43% -74.14% 4.75% 9.40% -2.09%
Other Income 0.10 0.58 0.04 -2.83 0.47 0.02 -0.13 -0.66 0.00 0.08 1.03 3.52
Interest 0.00 0.00 0.00 0.07 0.00 0.07 -0.01 0.03 0.28 0.09 -0.24 -0.04
Depreciation 0.38 0.38 0.39 0.53 0.43 0.43 0.43 0.46 0.41 0.41 0.41 0.43
Profit before tax 5.05 2.05 3.04 -6.90 4.46 1.96 2.73 -5.11 -5.65 0.54 3.48 2.59
Tax % 19.60% 31.71% 31.91% 2.75% 20.18% 25.51% 49.45% -9.78% 25.13% 18.52% 18.97% 36.68%
Net Profit 4.05 1.40 2.07 -6.71 3.55 1.46 1.38 -5.61 -4.23 0.44 2.82 1.64
EPS in Rs 2.74 0.95 1.40 -4.53 2.40 0.99 0.93 -3.79 -2.86 0.30 1.91 1.11

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
76.78 101.48 132.93 150.96 159.36 172.41 196.67 197.32 175.91 175.51 142.38 80.62
60.63 81.72 109.85 127.69 132.26 148.20 166.04 182.10 170.98 169.73 136.63 82.53
Operating Profit 16.15 19.76 23.08 23.27 27.10 24.21 30.63 15.22 4.93 5.78 5.75 -1.91
OPM % 21.03% 19.47% 17.36% 15.41% 17.01% 14.04% 15.57% 7.71% 2.80% 3.29% 4.04% -2.37%
Other Income 0.35 0.94 6.73 4.45 6.51 6.33 5.93 6.91 -5.47 -0.80 0.13 4.63
Interest 0.93 0.78 0.59 0.39 1.60 1.11 1.39 0.92 1.00 0.07 0.09 0.10
Depreciation 1.31 1.42 1.51 1.85 3.15 2.49 2.80 3.40 3.43 1.69 1.76 1.67
Profit before tax 14.26 18.50 27.71 25.48 28.86 26.94 32.37 17.81 -4.97 3.22 4.03 0.95
Tax % 24.26% 23.84% 21.87% 25.86% 26.68% 26.84% 28.42% 27.85% 52.11% 74.84% 21.84% 29.47%
Net Profit 10.80 14.09 21.65 18.89 21.16 19.72 23.18 12.85 -2.38 0.82 3.14 0.67
EPS in Rs 8.39 12.89 11.24 12.60 11.74 13.80 7.65 -1.61 0.55 2.12 0.45
Dividend Payout % 6.94% 17.89% 15.52% 17.79% 19.85% 106.49% 10.87% 13.07% 0.00% 0.00% 23.57% 0.00%
Compounded Sales Growth
10 Years:-2%
5 Years:-16%
3 Years:-23%
TTM:-43%
Compounded Profit Growth
10 Years:-26%
5 Years:-50%
3 Years:-54%
TTM:-83%
Stock Price CAGR
10 Years:-10%
5 Years:-14%
3 Years:-2%
1 Year:156%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:1%
Last Year:0%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7.50 16.80 16.80 16.80 16.80 16.80 16.80 16.80 14.80 14.80 14.80 14.80
Reserves 16.86 124.43 142.17 157.15 173.40 168.30 188.45 205.40 150.52 150.67 152.62 152.99
Borrowings 0.33 0.00 3.46 9.96 11.50 7.70 4.43 14.63 0.00 0.00 8.54 0.00
21.80 17.52 22.88 27.35 29.03 31.74 24.33 26.23 25.31 36.87 28.82 22.47
Total Liabilities 46.49 158.75 185.31 211.26 230.73 224.54 234.01 263.06 190.63 202.34 204.78 190.26
12.79 12.94 23.44 40.81 39.64 38.91 43.77 45.74 25.82 24.72 22.99 23.66
CWIP 0.00 0.00 3.79 0.00 0.00 0.77 3.91 3.40 0.30 0.00 4.31 0.00
Investments 1.98 93.06 96.12 79.82 104.62 74.58 70.75 92.65 44.20 59.78 58.24 79.74
31.72 52.75 61.96 90.63 86.47 110.28 115.58 121.27 120.31 117.84 119.24 86.86
Total Assets 46.49 158.75 185.31 211.26 230.73 224.54 234.01 263.06 190.63 202.34 204.78 190.26

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
9.70 0.20 4.16 13.10 2.65 3.04 8.10 -0.97 -1.47 12.55 4.10 13.52
-1.61 -92.54 -15.42 -14.41 3.60 30.95 1.75 -10.70 71.50 -15.14 -1.28 -14.50
-7.17 103.98 -0.09 2.79 -6.36 -35.01 -8.05 9.09 -66.17 -0.34 7.24 -9.83
Net Cash Flow 0.92 11.64 -11.35 1.48 -0.11 -1.02 1.80 -2.58 3.87 -2.93 10.06 -10.81

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 65.30% 23.24% 15.38% 12.40% 12.44% 11.40% 15.32% 7.30% 2.90% 3.72% 3.05% 0.61%
Debtor Days 64.84 40.14 42.48 41.97 60.74 73.38 78.52 72.66 97.50 92.11 96.95 89.73
Inventory Turnover 3.04 2.61 1.90 1.56 1.47 1.28 1.42 1.43 1.45 1.62 1.10 0.81

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
63.85 63.85 63.85 63.85 63.85 63.85 63.95 63.95 63.95 63.95 63.95 63.95
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.03 0.03
0.22 0.17 0.20 0.31 0.09 0.01 0.00 0.00 0.00 0.00 0.00 0.00
35.93 35.98 35.96 35.85 36.06 36.14 36.05 36.05 36.01 36.01 36.01 36.01

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