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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lovable Lingerie Ltd

About the Company - Lovable Lingerie Ltd

Lovable Lingerie Ltd. is a Public Limited Listed company incorporated on 29/09/1987 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17110MH1987PLC044835 and registration number is 044835. Currently Company is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs. 97.22 Cr. and Equity Capital is Rs. 14.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsA-46, Road No.2, MIDC, Andheri (East), Mumbai Maharashtra 400093corporate@lovableindia.in
http://www.lovableindia.in
Management
NamePosition Held
Mr. L Vinay ReddyChairman & Managing Director
Mr. Vindamuri GirirajExecutive Director
Mrs. Taruna ReddyNon Executive Director
Mr. Rajiv MathurIndependent Director
Mr. Amit PanditIndependent Director
Mr. Mohangandhi MuruganathaswamyIndependent Director

Lovable Lingerie Ltd. Share Price Update

Share PriceValue
Today₹144.05
Previous Day₹144.10

Basic Stock Data of Lovable Lingerie Ltd

Market Cap 212 Cr.
Current Price 143
High / Low172/84.1
Stock P/E48.4
Book Value 122
Dividend Yield0.00 %
ROCE1.61 %
ROE1.77 %
Face Value 10.0

Data Source: screener.in

Lovable Lingerie Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales20.2227.8625.8512.1833.1229.5022.4236.0427.7419.8311.8830.6616.09
Expenses19.2625.2426.3913.6529.0326.0324.8230.5525.4823.7319.1625.4215.54
Operating Profit0.962.62-0.54-1.474.093.47-2.405.492.26-3.90-7.285.240.55
OPM %4.75%9.40%-2.09%-12.07%12.35%11.76%-10.70%15.23%8.15%-19.67%-61.28%17.09%3.42%
Other Income0.081.033.520.760.560.632.840.580.220.754.300.723.01
Interest0.09-0.24-0.040.010.010.010.010.010.040.010.440.130.08
Depreciation0.410.410.430.410.420.420.400.360.370.420.800.480.48
Profit before tax0.543.482.59-1.134.223.670.035.702.07-3.58-4.225.353.00
Tax %18.52%18.97%36.68%11.50%25.36%27.25%-2,933.33%26.84%15.94%25.98%21.33%15.33%-31.00%
Net Profit0.442.821.64-1.003.142.660.914.171.74-2.65-3.324.533.93
EPS in Rs0.301.911.11-0.682.121.800.612.821.18-1.79-2.243.062.66

Lovable Lingerie Ltd Quarterly Chart

Lovable Lingerie Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales132.93150.96159.36172.41196.67197.32175.91175.51142.3880.6297.2295.4978.46
Expenses109.85127.69132.26148.20166.04178.11166.76168.43135.8382.5393.5297.8883.85
Operating Profit23.0823.2727.1024.2130.6319.219.157.086.55-1.913.70-2.39-5.39
OPM %17.36%15.41%17.01%14.04%15.57%9.74%5.20%4.03%4.60%-2.37%3.81%-2.50%-6.87%
Other Income6.734.456.516.335.932.92-9.69-2.10-0.674.635.074.818.78
Interest0.590.391.601.111.390.921.000.070.090.100.320.500.66
Depreciation1.511.853.152.492.803.403.431.691.761.671.661.952.18
Profit before tax27.7125.4828.8626.9432.3717.81-4.973.224.030.956.79-0.030.55
Tax %21.87%25.86%26.68%26.84%28.42%27.85%52.11%74.84%21.84%29.47%15.76%-133.33%
Net Profit21.6518.8921.1619.7223.1812.85-2.380.823.140.675.71-0.072.49
EPS in Rs12.8911.2412.6011.7413.807.65-1.610.552.120.453.86-0.051.69
Dividend Payout %15.52%17.79%19.85%106.49%10.87%13.07%0.00%0.00%23.57%110.45%12.96%0.00%

Lovable Lingerie Ltd Profit & Loss Yearly Chart

Lovable Lingerie Ltd Growth

Compounded Sales Growth
10 Years:-4%
5 Years:-12%
3 Years:-12%
TTM:-34%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:5%
Stock Price CAGR
10 Years:-8%
5 Years:10%
3 Years:17%
1 Year:34%
Return on Equity
10 Years:4%
5 Years:0%
3 Years:-1%
Last Year:-2%

Lovable Lingerie Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16.8016.8016.8016.8016.8016.8014.8014.8014.8014.8014.8014.8014.80
Reserves142.17157.15173.40168.30188.45205.40150.52150.67152.62152.99157.65157.00165.45
Borrowings3.469.9611.507.704.4314.630.000.008.540.002.166.533.02
Other Liabilities22.8827.3529.0331.7424.3326.2325.3136.8729.4022.4830.7436.9732.82
Total Liabilities185.31211.26230.73224.54234.01263.06190.63202.34205.36190.27205.35215.30216.09
Fixed Assets23.4440.8139.6438.9143.7745.7425.8224.7222.9923.6623.1425.2124.29
CWIP3.790.000.000.773.913.400.300.004.310.000.000.000.00
Investments96.1279.82104.6274.5870.7592.6544.2059.7858.2479.7485.8686.7887.48
Other Assets61.9690.6386.47110.28115.58121.27120.31117.84119.8286.8796.35103.31104.32
Total Assets185.31211.26230.73224.54234.01263.06190.63202.34205.36190.27205.35215.30216.09

Lovable Lingerie Ltd Reserves and Borrowings Chart

Lovable Lingerie Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4.1613.102.653.048.10-0.97-1.4712.554.1013.521.13-5.85
Cash from Investing Activity -15.42-14.413.6030.951.75-10.7071.50-15.14-1.28-14.50-2.363.92
Cash from Financing Activity -0.092.79-6.36-35.01-8.059.09-66.17-0.347.24-9.830.702.60
Net Cash Flow-11.351.48-0.11-1.021.80-2.583.87-2.9310.06-10.81-0.530.68

Lovable Lingerie Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days42.4841.9760.7473.3878.5272.6697.5092.1162.5389.7384.7072.28
Inventory Days232.25263.76272.98324.04253.54275.04193.48245.91336.21366.46463.68803.24
Days Payable70.0062.5058.42101.2345.1436.1455.36106.7588.8691.45120.89245.22
Cash Conversion Cycle204.73243.24275.30296.18286.92311.56235.62231.27309.88364.75427.49630.30
Working Capital Days89.21144.95124.99162.63164.62181.43170.08169.62181.47245.57232.81265.20
ROCE %15.38%12.40%12.44%11.40%15.32%7.30%2.90%3.72%3.05%-1.99%2.51%-1.61%

Lovable Lingerie Ltd Financial Efficiency Indicators Chart

Lovable Lingerie Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters63.95%63.95%63.95%63.95%63.95%63.95%63.95%63.96%63.96%63.96%63.96%63.96%
FIIs0.03%0.03%0.03%0.09%0.37%0.17%0.21%0.17%0.00%0.02%0.00%0.02%
Public36.01%36.01%36.01%35.96%35.67%35.87%35.83%35.89%36.05%36.03%36.05%36.04%
No. of Shareholders23,02022,24124,51723,99225,07124,16524,18023,80623,56323,27023,19422,754

Lovable Lingerie Ltd Shareholding Pattern Chart

No. of Lovable Lingerie Ltd Shareholders

This stock is not held by any mutual fund

Lovable Lingerie Ltd ROCE Trend

Lovable Lingerie Ltd EPS Trend

Lovable Lingerie Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.053.860.453.147.87
Diluted EPS (Rs.)-0.053.860.453.147.87
Cash EPS (Rs.)1.274.981.583.311.69
Book Value[Excl.RevalReserv]/Share (Rs.)116.08116.52113.37113.12111.80
Book Value[Incl.RevalReserv]/Share (Rs.)116.08116.52113.37113.12111.80
Dividend / Share (Rs.)0.500.500.500.500.50
Revenue From Operations / Share (Rs.)64.5265.6954.4796.20118.58
PBDIT / Share (Rs.)1.645.731.844.996.18
PBIT / Share (Rs.)0.314.610.703.805.04
PBT / Share (Rs.)-0.024.580.642.722.18
Net Profit / Share (Rs.)-0.043.860.452.120.55
PBDIT Margin (%)2.538.723.365.195.20
PBIT Margin (%)0.497.011.293.954.24
PBT Margin (%)-0.036.971.172.821.83
Net Profit Margin (%)-0.075.870.832.200.46
Return on Networth / Equity (%)-0.043.310.391.870.49
Return on Capital Employeed (%)0.243.700.583.034.24
Return On Assets (%)-0.032.820.351.530.40
Long Term Debt / Equity (X)0.000.000.000.040.00
Total Debt / Equity (X)0.020.010.000.050.00
Asset Turnover Ratio (%)0.450.490.400.690.89
Current Ratio (X)3.614.165.606.024.10
Quick Ratio (X)1.221.632.483.172.06
Inventory Turnover Ratio (X)0.741.050.370.721.24
Dividend Payout Ratio (NP) (%)-1030.6412.95116.8623.560.00
Dividend Payout Ratio (CP) (%)39.3010.0433.4415.090.00
Earning Retention Ratio (%)1130.6487.05-16.8676.440.00
Cash Earning Retention Ratio (%)60.7089.9666.5684.910.00
Interest Coverage Ratio (X)4.82212.0027.8278.78126.52
Interest Coverage Ratio (Post Tax) (X)0.85143.757.8650.5869.83
Enterprise Value (Cr.)131.36204.30119.1054.89150.54
EV / Net Operating Revenue (X)1.382.101.480.380.85
EV / EBITDA (X)54.2124.0943.857.4316.46
MarketCap / Net Operating Revenue (X)1.352.091.490.400.86
Retention Ratios (%)1130.6487.04-16.8676.430.00
Price / BV (X)0.741.180.710.340.92
Price / Net Operating Revenue (X)1.352.091.490.400.86
EarningsYield0.000.020.010.050.01

Lovable Lingerie Ltd Profitability Ratios (%)

Lovable Lingerie Ltd Liquidity Ratios

Lovable Lingerie Ltd Liquidity Ratios (%)

Lovable Lingerie Ltd Interest Coverage Ratios (%)

Lovable Lingerie Ltd Valuation Ratios

Fair Value of Lovable Lingerie Ltd Stock

Fair Value: ₹106.61

The stock is overvalued by 25.45% compared to the current price ₹143

*Investments are subject to market risks

Strength and Weakness of Lovable Lingerie Ltd Stock

StrengthWeakness
  1. The company has higher reserves (163.21 cr) compared to borrowings (5.53 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (142.71 cr) and profit (13.05 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.08 and average Dividend Yield of 3.40%.
  2. The stock has a low average ROCE of 6.90%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 177.72, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 318.10, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Lovable Lingerie Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE