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



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