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HomeSHARE MARKETMore Than 7800% Return; Bonus Share Approval After Stock Split; Do You...

More Than 7800% Return; Bonus Share Approval After Stock Split; Do You Have?

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Lorenzini Apparels Ltd (NSE – BE: LAL): In the last hour of trading, BSE Sensex was working at the level of 72991 points, up by 350 points, while Nifty was working at the level of 22,141 points, up by 130 points. 

During the bullish period in the stock market, the shares of Hero MotoCorp and UPL were rising while almost all the IT stocks were functioning in the red. 

In the last hour of stock market trading, shares of Sun Pharma, Apollo Hospital, Cipla, and Titan were also on the rise, while shares of Tata Consumer and Divi’s Labs were trading on weakness.

Amidst the increase in the functioning of the stock market, a weakness of two percent was recorded in the shares of Lorenzini Apparels Limited and they were functioning at the level of Rs 415, falling by Rs 8.45. 

The 52-week peak of shares in Lorenzini Apparels, a micro-cap apparel firm with a market value of around 430 crores, is 510, while the 52-week low is at Rs 103.

Lorenzini Apparels Limited has informed the stock market that the company has received approval from the Bombay Stock Exchange and the National Stock Exchange to issue bonus shares. 

Lorenzini Apparels Limited is going to give 6.096 crore equity shares as a bonus to its shareholders after the sub-division of equity shares. The company is going to give 6 new shares as a bonus for every 11 shares held by its investors.

These bonus shares with a face value of ₹1 will be issued soon to the investors of Lorenzini Apparel Limited. Lorenzini Apparels has fixed March 27, 2024, as the record date for giving bonus shares to investors.

The company has also announced bonuses in the ratio of 6:11. In the past, the board had announced a stock split in the ratio of 1:10.

In the last year, Lorenzini Apparels’ shares Lorenzini Apparels have given a return of 243 percent to investors.

Similarly, over the past five years, those shares from Lorenzini Apparels have made the investors wealthy by delivering an impressive yield of over 7800 percent over the initial value of 5.50.

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 Low85.0
Stock P/E76.2
Book Value₹ 17.8
Dividend0.00 %
ROCE17.1 %
ROE17.8 %
Face Value₹ 10.0
P/B Value23.4
OPM17.8 %
EPS₹ 5.44
Debt₹ 14.8 Cr.
Debt to Equity0.82

Lorenzini Apparels Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 400₹ 475
2025₹ 480₹ 523
2026₹ 525₹ 598
2027₹ 621₹ 685
2028₹ 690₹ 748
2029₹ 800₹ 843
2030₹ 900₹ 943
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Lorenzini Apparels Ltd Shareholding Pattern

Promoters Holding
Sept 202262.91%
Mar 202362.91%
June 202362.91%
Sept 202362.91%
Dec  202362.91%
Public Holding
Sept 202237.10%
Mar 202337.10%
June 202337.10%
Sept 202337.10%
Dec  202337.10%

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
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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:

20190.18
20200.18
20210.38
20220.72
20230.7

Last 10 Years’ Profit Growth:

10 Years:49%
5 Years:42%
3 Years:89%
Current Year:1992%
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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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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