The shares of Microcap Textile Company, which manufactures, designs, and markets ready-made garments, surged and hit a 5 percent upper circuit in today’s trade after a DII bought around 10 lakh shares of the company.
Price Action
The shares of Lorenzini Apparels Ltd, with a total market capitalization of Rs 206.25 Crores on Thursday, jumped and hit a 5 percent upper circuit at Rs 11.94 per share in today’s morning session. The shares have generated a return of 52.5 percent since it got listed in April 2023.
What Happened
On March 5, 2025, the Domestic Institutional Investor Multitude Growth Funds bought around 9,91,730 shares at Rs 11.30 per share.
Recent Updates
As per a press release dated March 5, 2025, Sandeep Jain HUF, promoter group of Lorenzini Apparels Ltd, had disclosed the sale of 9,83,194 shares of the company on March 3, reducing their stake in the company from 0.89 percent to 0.32 percent. The promoter group additionally sold 5,61,660 shares on March 5, reducing their stake even further.
Financials
The company reported an increase of 68 percent YoY in Revenue from Operations from Rs 12.68 Crores in Q3FY24 to Rs 21.27 Crores in Q3FY25. However, the company reported a Net loss of Rs 1.62 Crores in Q3FY25 as against a Net Profit of Rs 2.37 Crores in the same quarter last year.
Key Ratios
The company boasts a lower D/E ratio of 0.24, and their P/E ratio is 15.49, which is less than the industry average of 15.98. It has an ROE of 29.98 percent with an ROCE of 32.96 percent. The company has a strong 3 year CAGR for Revenue at 29 percent and Net Profits at 305 percent.
About Lorenzini Apparels Ltd
Lorenzini Apparels Ltd is involved in the manufacturing, designing, and marketing of ready-made garments. The company markets its products under the brand names Monteil & Munero and Monteil & Calgari, with retail outlets across Delhi, Uttar Pradesh, and Haryana. Additionally, it outsources garment production to third-party contractors on a job work basis.
Written By Adhvaitha Nayani
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