Bonus Stock: Lorenzini Apparels Ltd (NSE: LAL) will have to be kept an eye on in the stock market next week. The company will trade as ex-split and ex-bonus stock.
The company will offer six shares of bonus stock.
Let us tell you, during the last year, the company’s share prices have seen an increase of more than 300 percent.
What Day Is The Record Date?
The company had informed in the information given to the stock exchanges that one share with a face value of Rs 10 will be divided into 10 parts.
After the stock split the value of the shares will decrease to Re 1.
The company has also decided to issue 6 bonus shares on 11 shares with a face value of Re 1 each.
Let us tell you, that the company has fixed March 28, 2024 as the record date for stock split and bonus issue. The earlier record date was 27 March 2024.
Money Doubles In 1 Year
The share prices of Lorenzini Apparels Ltd have seen a rise of 366.8 percent in the last year.
In the same period, positional investors have increased 82.3 percent in the last six months.
Shares cost within the company has increased by 74.2 percent in the last 3 months.
However, positional investors have suffered a loss of 12.80 percent in 1 month. The promoters’ shareholding in the company was 57.6 percent.
Whereas the public’s share is 37.1 percent. Let us tell you, the 52-week high level of the company is Rs 508 and the 52-week low level is Rs 85.05 per share. The market capitalization for the firm is 430.65 crore.
The company’s shares hit a lower circuit on Friday. After a fall of 2 percent, the price of the company’s shares came to the level of Rs 424.75.
At the same time, on March 21, the shares of the company first hit the upper circuit and then the lower circuit.
About Lorenzini Apparels Ltd Company
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 | ₹ 421 Cr. |
| Current Price | ₹ 415 |
| 52-wk High | ₹ 510 |
| 52-wk Low | 85.0 |
| Stock P/E | 76.2 |
| Book Value | ₹ 17.8 |
| Dividend | 0.00 % |
| ROCE | 17.1 % |
| ROE | 17.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 23.4 |
| 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 | ₹ 400 | ₹ 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 better understand 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.
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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.
