MarketFriction

Lorenzini Apparels Ltd

NSE LAL · BSE 540952 · Garments & Apparels
₹8.45 +0.36%
NSE close2026-10-01
52 week range5.56 - 11.43
Market cap₹148 Cr.
P/E26.7
Price band 20% Delivery 83.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales17.9112.689.9715.1813.0521.2713.929.1917.0720.7325.7616.69
Expenses14.4610.427.9813.7911.2617.0313.578.7316.3118.8521.6114.98
Operating Profit3.452.261.991.391.794.240.350.460.761.884.151.71
OPM %19.26%17.82%19.96%9.16%13.72%19.93%2.51%5.01%4.45%9.07%16.11%10.25%
Other Income0.581.72-0.482.0814.94-8.29-5.312.151.76-0.19-2.332.05
Interest0.310.380.410.410.250.250.230.190.280.270.370.50
Depreciation0.780.790.840.780.520.490.520.420.380.350.330.27
Profit before tax2.942.810.262.2815.96-4.79-5.712.001.861.071.122.99
Tax %36.39%15.30%-19.23%18.42%23.81%-65.97%15.06%51.50%23.66%-3.74%21.43%27.76%
Net Profit1.872.370.321.8612.17-1.62-6.570.961.421.100.872.17
EPS in Rs0.120.150.020.120.70-0.09-0.380.060.080.060.050.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12.0816.4323.3125.4734.9725.4924.4343.7654.7663.4272.6780.25
Expenses11.6015.5722.1724.3033.5724.3921.2436.0244.3855.0264.5071.75
Operating Profit0.480.861.141.171.401.103.197.7410.388.408.178.50
OPM %3.97%5.23%4.89%4.59%4.00%4.32%13.06%17.69%18.96%13.25%11.24%10.59%
Other Income0.030.010.000.000.110.230.170.191.863.421.391.29
Interest0.330.390.340.240.470.590.941.271.781.762.041.42
Depreciation0.230.150.220.230.360.481.862.893.212.311.491.33
Profit before tax-0.050.330.580.700.680.260.563.777.257.756.037.04
Tax %-20.00%36.36%24.14%8.57%47.06%69.23%80.36%33.16%26.90%24.77%27.86%
Net Profit-0.030.210.440.640.370.080.122.525.305.844.355.56
EPS in Rs0.060.030.040.020.010.010.160.340.340.250.32
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%23%18%40%
Compounded Profit Growth58%104%4%13%
Stock Price CAGR%79%-17%-20%
Return on Equity7%8%8%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.012.2810.1410.1410.1410.1410.1410.1415.6717.2717.27
Reserves0.450.410.860.591.221.591.672.735.2710.2930.3234.76
Borrowings2.301.962.230.933.265.988.9414.5415.8816.219.5720.07
Other Liabilities2.812.754.736.317.008.966.758.1410.2320.0015.3815.66
Total Liabilities5.575.1310.1017.9721.6226.6727.5035.5541.5262.1772.5487.76
Fixed Assets1.901.821.881.721.702.222.308.518.235.984.067.38
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.300.320.320.330.409.9013.515.93
Other Assets3.673.318.2216.2519.6224.1324.8826.7132.8946.2954.9774.45
Total Assets5.575.1310.1017.9721.6226.6727.5035.5541.5262.1772.5487.76
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.651.19-2.43-6.250.410.090.343.111.962.27-9.02-14.00
Cash from Investing Activity-1.37-0.63-0.13-0.22-0.51-0.90-0.55-0.78-1.31-8.83-0.664.09
Cash from Financing Activity1.00-0.512.157.26-0.481.16-0.03-1.84-1.286.969.7610.50
Net Cash Flow0.280.04-0.410.79-0.580.35-0.250.49-0.630.400.080.59
Free Cash Flow-0.921.04-2.56-6.470.20-0.79-0.222.420.711.30-9.42-18.81
CFO/OP142%254%-267%-535%50%24%42%102%33%31%-83%-144%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days17.8410.5861.3138.3667.5069.7278.0476.2071.9877.7965.90100.15
Inventory Days54.0488.84182.32271.94270.53216.87336.62644.20353.36350.31361.16348.08
Days Payable103.34110.35126.2295.33124.73108.43122.43214.51120.32109.3766.2965.55
Cash Conversion Cycle-31.46-10.93117.41214.98213.29178.16292.23505.89305.02318.72360.77382.68
Working Capital Days-18.87-29.0159.32151.89144.45116.48169.68141.94115.0290.32181.41199.30
ROCE %10.89%18.58%10.80%7.15%7.11%4.42%6.23%17.10%20.64%12.58%10.69%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.91%62.91%62.91%61.93%57.07%57.07%56.17%56.17%56.17%56.17%56.17%56.17%
FIIs0.00%0.00%0.00%0.00%0.02%0.01%1.63%1.56%1.56%1.56%1.28%0.41%
Public37.10%37.10%37.08%38.07%42.92%42.93%42.20%42.27%42.27%42.27%42.54%43.42%
No. of Shareholders5327269,0169,13814,91016,73917,59617,90217,53817,53816,99716,770

Fundamentals

Market Cap₹ 148 Cr.
Current Price₹ 8.55
Stock P/E26.7
Book Value₹ 3.01
ROCE10.7 %
ROE5.66 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)40%
Compounded Profit Growth (TTM)13%
Standalone figures.
Valuation
Market capRs 146 Cr
Enterprise valueRs 165 Cr
P/E (TTM)26.25x
Price to book2.81x
Price to sales1.82x
EV / EBITDA16.87x
EV / EBIT19.52x
EV / sales2.06x
Earnings yield3.81%
P/E, 3-year average45.89x
P/B, 3-year average7.46x
P/E, 5-year average29.18x
P/B, 5-year average4.57x
Profitability
Operating margin (excl. other income)11.24%
Operating margin (incl. other income)13.16%
EBITDA margin12.20%
Pre-tax margin8.77%
Net profit margin6.93%
Net margin, latest quarter13.00%
ROE8.73%
ROCE12.49%
ROA5.43%
ROE, 3-year average16.75%
ROCE, 3-year average18.74%
ROA, 3-year average8.11%
ROE, 5-year average13.81%
ROCE, 5-year average15.92%
ROA, 5-year average6.25%
ROIC (approx.)8.57%
Tax rate27.86%
Other income / net worth2.67%
Growth
Sales growth (latest year)14.59%
Profit growth (latest year)-25.51%
Sales CAGR, 3 years18.42%
Sales CAGR, 5 years23.31%
Profit CAGR, 3 years19.96%
Profit CAGR, 5 years122.37%
Sales growth QoQ-35.21%
Profit growth QoQ149.43%
Sales growth YoY (latest quarter)81.61%
Profit growth YoY (latest quarter)126.04%
Per share
EPS (TTM)Rs 0.32
EPS (latest year)Rs 0.25
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 0.31
EPS, 5-year averageRs 0.71
Book value per shareRs 3.01
Sales per shareRs 4.65
Cash flow per shareRs -0.81
Free cash flow per shareRs -1.09
Efficiency
Asset turnover0.83x
Fixed asset turnover9.85x
Inventory turnover1.08x
Inventory days339 days
Debtor days100 days
Debtors turnover3.64x
Creditor days66 days
Cash conversion cycle383 days
Working capital days199 days
Leverage
Total debtRs 20 Cr
Cash and bankRs 1 Cr
Net debtRs 19 Cr
Debt to equity0.39x
Net debt / EBITDA1.96x
Interest coverage5.96x
Owners' fund to total sources59.29%
Debt to assets22.87%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs 4 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -19 Cr
FCFE (approx.: FCF + change in debt)Rs -8 Cr
Cash from ops / profit, 5 years-0.86x
Statement figures
Net sales (TTM)Rs 80 Cr
Net sales (latest year)Rs 73 Cr
Sales (latest quarter)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 53 Cr
Total expenditure (latest year)Rs 64 Cr
Total income (latest year)Rs 74 Cr
Share capitalRs 17 Cr
ReservesRs 35 Cr
Shareholders' fundsRs 52 Cr
Total assetsRs 88 Cr
Net blockRs 7 Cr
InvestmentsRs 6 Cr
ReceivablesRs 20 Cr
InventoryRs 49 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)17.27
Ownership
Promoter holding56.17% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 26.2 is at the 44th percentile of its own 7.3-year range (median 33.9, low 6.2, high 310.9).
P/B 2.81 is at the 55th percentile (median 2.66).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodLALNifty 50Difference
1 week-6.8%-2.8% -4.1 pts
1 month-5.8%-6.8% +1.0 pts
3 months-7.4%-7.6% +0.2 pts
6 months+37.2%+0.4% +36.8 pts
1 year-22.3%-9.9% -12.3 pts
2 years-74.1%-13.6% -60.5 pts
3 years-43.0%+14.2% -57.2 pts
5 years+1737.0%+27.9% +1709.1 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -134% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 21% of total assets in 2026
explainReceivables outrunning sales Receivables grew 74% vs sales +15% in 2026
explainDebt up, profit down Borrowings up 110% while net profit fell in 2026
lookAuditor change Auditor change 2026-08-11: Lorenzini Apparels Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹17 Cr +81.6% vs Jun 2025. Net profit ₹2 Cr +126.0%.
Against our estimate for Jun 2026: sales +28.6%, profit +145.4% in line. Our estimate for Sep 2026: sales Rs 27 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2024-03-28Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-03-28Bonus 6:110.6471
DateTypeWhat it says
2026-09-19Shareholder meetingVoting results.
2026-09-18Shareholder meetingProceedings of undefined held on September 18, 2026
2026-08-26General UpdatesGeneral Updates
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026
2026-08-25UpdatesLorenzini Apparels Limited has informed the Exchange regarding Intimation of E-Voting to the shareholders of the Lorenzini Apparels Limited for the 19...
2026-08-25Board meeting outcomeOutcome of Board Meeting held on August 25, 2026.
2026-08-21Board meeting outcomeOutcome of Board Meeting held on August 21, 2026.
2026-08-11Resignation of Statutory AudResignation of Statutory Auditor
2026-08-11Resignation of Statutory AudResignation of Statutory Auditor
2026-08-11Change in AuditorsChange in Auditors of the company.
2026-08-11Board meeting outcomeLorenzini Apparels Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Resignation of Statutory AudResignation of Statutory Auditor
2026-08-01UpdatesDisclosure on non-applicability of filings related to submission of escrow payment Mechanism.
2026-06-25Reply to Clarification- FinaThe Exchange had sought clarification from Lorenzini Apparels Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Lis...
2026-05-28Board meeting outcomeLorenzini Apparels Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-13AppointmentAppointment of Mrs Neha Singhal as Company Secretary & Compliance Officer of the company w.e.f. May 12, 2026.
2026-05-05Disclosure under SEBI TakeovLorenzini Apparels Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-04-22UpdatesDisclosure of Non Applicability of Large Corporate (LC) Entity .
2026-04-03UpdatesDeclaration of promoter under Regulation 31(4) Of SEBI (SubstantialAcquisition of Shares and Takeover) Regulations 2011.
2026-03-31ResignationResignation of Mr Ankush Mittal as Company Secretary & Compliance Officer of the company w.e.f. March 31, 2026.
2026-03-27Shareholder meetingVoting results.
2026-03-18Resignation of Independent dResignation of Independent director.
2026-03-18ResignationResignation of Mr Ajay and Yogesh as Non- Executive Independent Director of the company w.e.f. March 18, 2026.
2026-02-24Shareholder meetingNotice of Postal Ballot
2026-02-24Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Lorenzini Apparels Ltd?

Lorenzini Apparels Ltd (LAL) has a market capitalisation of Rs 148 Cr. at the 2026-10-01 close.

What is the P/E ratio of Lorenzini Apparels Ltd?

Lorenzini Apparels Ltd trades at a P/E of 26.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Lorenzini Apparels Ltd's latest quarterly results?

In the Jun 2026 quarter, Lorenzini Apparels Ltd sales was Rs 17 Cr (+81.6% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Lorenzini Apparels Ltd?

The 52-week high is Rs 11.43 and the 52-week low is Rs 5.56.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03