There has been a tremendous rise in the shares of the garment company Lorenzini Apparels(NSE: LAL).
Shares of this company have risen by more than 10,000% in only the last four years.
In 4 years, the price of Lorenzini Apparels has increased from Rs 4 to Rs 375. The garment company is now going to give the gift of bonus shares to its investors.
Additionally, Lorenzini Apparels is also dividing its shares. The 52-week high of shares in the company has been set at Rs 508.
At the same at the same time, the 52-week lowest level of shares for Lorenzini Apparels is Rs 82.60.
The Apparel Company Gives 6 Bonus Shares
Lorenzini Apparels has announced to give bonus shares to its investors in the ratio of 6:11.
The company will give 6 bonus shares for every 11 shares. Besides, the garment company is also distributing its shares.
The company is splitting shares with a face value of 10 rupees into shares with a face value of Rs 1.
Lorenzini Apparels has fixed the record date of bonus shares and stock split as March 28, 2024.
The company is giving the gift of bonus shares to its investors for the first time.
Shares Made Rich In Just 4 Years
Shares of Lorenzini Apparels were at Rs 3.60 on 29 May 2020.Shares of this company increased to the value of Rs 375.85 on the 15th of March 2024.
Shares of the garment company have given more than 10000% returns to investors in the last 4 years.
If a person invested Rs 1 lakh into Lorenzini Apparels shares on May 29, 2020, and kept his investment and maintained it,
the value of the shares would be approximately 1.04 crore. Shares of Lorenzini Apparels have increased by more than 320% over the past period.
In the past few months, its shares have gone up from 90 rupees to 375.85.
About Lorenzini Apparels Ltd
Lorenzini Apparels Limited is an Indian company that is in the manufacturing designing, marketing, and selling of ready-made clothing.
The company offers a wide selection of formal semi-formal, and casual clothing for men as well as casual clothes for women.
Its range of products includes shorts, jeans, trousers and shirts, t-shirts, jackets, sweatshirts, and blazers designed for men,
as well as shorts, jeggings capris and skirts, tops, jackets, shirts sweatshirts, sweaters, dresses designed for females.
The process of manufacturing garments includes cutting stitches, cutting, finishing, examining, and packing.
Additionally, it outsources clothing production on a work-by-job basis to contractors from third parties.
Its products are sold under the brand names Monteil & Munero and Monteil and Calgari through its stores and outlets located in several locations across Delhi, Uttar Pradesh, and Haryana.
The factory for manufacturing is located in Tuglakabad Extension, New Delhi.
The company serves its clients through online and retail channels.
Fundamental Analysis of Lorenzini Apparels Ltd
| Market Cap | ₹ 381 Cr. |
| Current Price | ₹ 377 |
| 52-wk High | ₹ 510 |
| 52-wk Low | ₹82.6 |
| Stock P/E | 69.0 |
| Book Value | ₹ 17.8 |
| Dividend | 0.00 % |
| ROCE | 17.1 % |
| ROE | 17.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 21.2 |
| OPM | 17.8 % |
| EPS | ₹ 5.44 |
| Debt | ₹ 14.8 Cr. |
| Debt to Equity | 0.82 |
Lorenzini Apparels Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹440 | ₹475 |
| 2025 | ₹480 | ₹523 |
| 2026 | ₹525 | ₹598 |
| 2027 | ₹621 | ₹685 |
| 2028 | ₹690 | ₹748 |
| 2029 | ₹800 | ₹843 |
| 2030 | ₹900 | ₹943 |
Lorenzini Apparels Ltd Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 62.91% |
| Mar 2023 | 62.91% |
| June 2023 | 62.91% |
| Sept 2023 | 62.91% |
| Dec 2023 | 62.91% |
| Public Holding | |
| Sept 2022 | 37.10% |
| Mar 2023 | 37.10% |
| June 2023 | 37.10% |
| Sept 2023 | 37.10% |
| Dec 2023 | 37.10% |
Lorenzini Apparels Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹25.47 Cr |
| 2020 | ₹34.97 Cr |
| 2021 | ₹25.49 Cr |
| 2022 | ₹24.43 Cr |
| 2023 | ₹55.13 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹0.64 Cr |
| 2020 | ₹0.37 Cr |
| 2021 | ₹0.08 Cr |
| 2022 | ₹0.12 Cr |
| 2023 | ₹5.52 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.18 |
| 2020 | 0.18 |
| 2021 | 0.38 |
| 2022 | 0.72 |
| 2023 | 0.7 |
Last 10 Years’ Profit Growth:
| 10 Years: | 49% |
| 5 Years: | 42% |
| 3 Years: | 89% |
| Current Year: | 1992% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 18% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 8% |
| Current Year: | 79% |
Conclusion
This article is a complete guide about Lorenzini Apparels Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
