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Lorenzini Apparels

BSE:540952
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540952
BSE
₹47M
Market Cap
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Last updated 2019/02/21 13:09
Company description

Lorenzini Apparels Limited designs, manufactures, and markets readymade garments in India. The last earnings update was 169 days ago. More info.

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  • Lorenzini Apparels has significant price volatility in the past 3 months.
540952 Share Price and Events
7 Day Returns
11.7%
BSE:540952
-2.7%
IN Luxury
-0.7%
IN Market
1 Year Returns
-34.8%
BSE:540952
-9.5%
IN Luxury
-8.3%
IN Market
540952 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lorenzini Apparels (540952) 11.7% 2.4% 29.5% -34.8% - -
IN Luxury -2.7% -1.8% -3.4% -9.5% 52.6% 182.5%
IN Market -0.7% -4% -2.1% -8.3% 45% 78.7%
1 Year Return vs Industry and Market
  • 540952 underperformed the Luxury industry which returned -9.5% over the past year.
  • 540952 underperformed the Market in India which returned -8.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

540952 Value

 Is Lorenzini Apparels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lorenzini Apparels. This is due to cash flow or dividend data being unavailable. The share price is ₹5.53.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lorenzini Apparels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lorenzini Apparels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540952 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.78
BSE:540952 Share Price ** BSE (2019-02-21) in INR ₹5.53
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.59x
India Market PE Ratio Median Figure of 2,710 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lorenzini Apparels.

BSE:540952 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540952 Share Price ÷ EPS (both in INR)

= 5.53 ÷ 0.78

 7.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lorenzini Apparels is good value based on earnings compared to the IN Luxury industry average.
  • Lorenzini Apparels is good value based on earnings compared to the India market.
Price based on expected Growth
Does Lorenzini Apparels's expected growth come at a high price?
Raw Data
BSE:540952 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 14.5%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.98x
India Market PEG Ratio Median Figure of 594 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lorenzini Apparels, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lorenzini Apparels's assets?
Raw Data
BSE:540952 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹10.58
BSE:540952 Share Price * BSE (2019-02-21) in INR ₹5.53
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:540952 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540952 Share Price ÷ Book Value per Share (both in INR)

= 5.53 ÷ 10.58

 0.52x

* Primary Listing of Lorenzini Apparels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lorenzini Apparels is good value based on assets compared to the IN Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Lorenzini Apparels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Lorenzini Apparels has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540952 Future Performance

 How is Lorenzini Apparels expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Lorenzini Apparels, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lorenzini Apparels expected to grow at an attractive rate?
  • Lorenzini Apparels's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Lorenzini Apparels's earnings growth is positive but not above the India market average.
  • Unable to compare Lorenzini Apparels's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540952 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540952 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.5%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540952 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540952 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 238 -62 4
2017-03-31 164 -24 2
2016-03-31 121 12 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lorenzini Apparels's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Lorenzini Apparels is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540952 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lorenzini Apparels Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540952 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.78
2017-03-31 1.86
2016-03-31 -0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lorenzini Apparels will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lorenzini Apparels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lorenzini Apparels has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540952 Past Performance

  How has Lorenzini Apparels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lorenzini Apparels's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lorenzini Apparels has delivered over 20% year on year earnings growth in the past 5 years.
  • Lorenzini Apparels's 1-year earnings growth exceeds its 5-year average (105.9% vs 49.7%)
  • Lorenzini Apparels's earnings growth has exceeded the IN Luxury industry average in the past year (105.9% vs 14.1%).
Earnings and Revenue History
Lorenzini Apparels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lorenzini Apparels Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540952 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 238.24 4.35 24.61
2017-03-31 164.42 2.11 22.04
2016-03-31 120.82 -0.30 13.89
2015-03-31 141.22 0.55 10.86
2014-03-31 115.97 1.19 8.54
2013-03-31 131.60 -0.47 8.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lorenzini Apparels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lorenzini Apparels used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Lorenzini Apparels's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lorenzini Apparels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lorenzini Apparels has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540952 Health

 How is Lorenzini Apparels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lorenzini Apparels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lorenzini Apparels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lorenzini Apparels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lorenzini Apparels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 16.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lorenzini Apparels Company Filings, last reported 10 months ago.

BSE:540952 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 107.28 9.29 9.16
2017-03-31 31.40 22.28 1.23
2016-03-31 4.23 19.61 5.29
2015-03-31 4.62 22.97 4.88
2014-03-31 4.66 6.40 2.12
2013-03-31 3.07 10.96 9.02
  • Lorenzini Apparels's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (356.2% vs 8.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Lorenzini Apparels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Lorenzini Apparels has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540952 Dividends

 What is Lorenzini Apparels's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lorenzini Apparels dividends.
If you bought ₹2,000 of Lorenzini Apparels shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lorenzini Apparels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lorenzini Apparels's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540952 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lorenzini Apparels has not reported any payouts.
  • Unable to verify if Lorenzini Apparels's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lorenzini Apparels's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lorenzini Apparels has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lorenzini Apparels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lorenzini Apparels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Lorenzini Apparels has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540952 Management

 What is the CEO of Lorenzini Apparels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sandeep Jain
AGE 36
TENURE AS CEO 9.3 years
CEO Bio

Mr. Sandeep Jain is the Promoter and has been Managing Director and a Director of Lorenzini Apparels Limited since November 01, 2009. Mr. Jain has completed his Higher Secondary from Gurgaon, Haryana. He has around 10 years of experience in the readymade garments industry. He is responsible for developing business strategies and instrumental in formulating strategic growth of our Company. He looks after the production, retailing and online marketing division of our Company. He is associated with our Company since incorporation.

CEO Compensation
  • Insufficient data for Sandeep to compare compensation growth.
  • Insufficient data for Sandeep to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure of the Lorenzini Apparels management team in years:

1.6
Average Tenure
  • The average tenure for the Lorenzini Apparels management team is less than 2 years, this suggests a new team.
Management Team

Sandeep Jain

TITLE
Managing Director & Director
AGE
36
TENURE
9.3 yrs

Deepika Jain

TITLE
CFO & Whole-time Director
AGE
37
TENURE
1.6 yrs

Archana Thakur

TITLE
Company Secretary & Compliance Officer
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Lorenzini Apparels board of directors in years:

1.9
Average Tenure
36
Average Age
  • The average tenure for the Lorenzini Apparels board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sandeep Jain

TITLE
Managing Director & Director
AGE
36
TENURE
9.3 yrs

Deepika Jain

TITLE
CFO & Whole-time Director
AGE
37
TENURE
11.8 yrs

Mohinder Rustagi

TITLE
Non-Executive & Independent Director
AGE
40
TENURE
1.9 yrs

Rajit Sehgal

TITLE
Non-Executive Director
AGE
36
TENURE
1.7 yrs

Pardeep Singh

TITLE
Non-Executive & Independent Director
AGE
34
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Lorenzini Apparels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Lorenzini Apparels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540952 News

Simply Wall St News

540952 Company Info

Map
Description

Lorenzini Apparels Limited designs, manufactures, and markets readymade garments in India. The company offers formal, semi-formal, and casual wear for men; and casual wear for women under the Monteil & Munero, Monteil, and Calgari brands. Its products include T-shirts, shirts, blazers, jackets, sweatshirts, waistcoats, kurtas, sweaters, trousers, joggers, shorts, track pants, tops, kurtis, dresses, palazzos, and skirts. The company also outsources the garments manufacturing on job work basis from third party contractors. It operates through its stores/outlets across various places in Delhi, Uttar Pradesh, and Haryana, as well as e-commerce. The company was incorporated in 2007 and is based in New Delhi, India.

Details
Name: Lorenzini Apparels Limited
540952
Exchange: BSE
Founded: 2007
₹46,740,402
10,138,916
Website: http://www.mymonteil.com
Address: Lorenzini Apparels Limited
Gali No. 2,
TA 168 & 187 Ground Floor,
New Delhi,
Delhi, 110019,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540952 Equity Shares Mumbai Stock Exchange IN INR 15. Feb 2018
Number of employees
Current staff
Staff numbers
64
Lorenzini Apparels employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 13:09
End of day share price update: 2019/02/21 00:00
Last earnings filing: 2018/09/05
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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