lorenzini apparels share hits 5% upper circuit after its net profits increases by 1290% 

In the latest trading session on Friday, Lorenzini Apparels Ltd saw a significant uptick, with its shares reaching a record high of ₹431.05, marking a 5% upper circuit. The company’s current market capitalization stands at ₹437 crores.

On a standalone basis, the financials of Lorenzini Apparels Ltd reflected impressive growth, reporting a staggering 1290% YoY increase in net profit, soaring from ₹0.17 crores in Q3FY23 to ₹2.37 crores in Q3FY24. Similarly, revenue during the same period witnessed an 18% surge, climbing from ₹12.20 crores to ₹14.39 crores.

However, in a quarter-over-quarter analysis, operational revenue experienced a 22% decline, slipping from ₹18.49 crores in Q2FY24 to ₹14.39 crores in Q3FY24. Despite this, net profit showcased a positive trajectory, marking a 27% increase from ₹1.86 crores to ₹2.37 crores, as per the company’s exchange filing.

Lorenzini Apparels Ltd specializes in the manufacturing, designing, and marketing of ready-made garments, offering a diverse range of formal, semi-formal, and casual wear for both men and women. Marketed under the brand name “Monteil,”

the company distributes its products through exclusive stores/outlets and various e-commerce platforms. In FY23, the company derived 99% of its revenue from the sale of goods and 1% from other income sources.

Investors in Lorenzini Apparels Ltd have witnessed substantial returns, with the company’s shares delivering a multibagger return of 113% over the last six months and an impressive 255% return over the past year. For instance, an investment of ₹1 Lakh in the company a year ago would now be valued at ₹3.55 lakhs.

As of the December quarter shareholding pattern, the company’s promoter holds a substantial 62.91% stake, while retail investors maintain a 37.1% stake in the company.

Lorenzini Apparels share overview

 

Market Cap ₹ 437 Cr.
Current Price ₹ 431
High / Low ₹ 431 / 68.0
Stock P/E 132
Book Value ₹ 17.8
Dividend Yield 0.00 %
ROCE 17.1 %
ROE 17.8 %
Face Value ₹ 10.0

JOIN OUR TELEGRAM

 

Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

 

Leave a Comment