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Lorenzini Apparels Limited

LAL.NS
44
Apparel - Manufacturers · Consumer Cyclical
Price
₹8.83
-0.18 (-2.00%)
Market Cap
₹1.53B
Exchange
National Stock Exchange of India
Winston Score
44
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 25, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Weak
Stability
Strong
Valuation
Mixed

Share count rising — dilution

+11.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 156.7M (2022) → 174.1M (2026)

Winston Score History

The full picture

Lorenzini Apparels is an Indian company that makes and sells men's clothing, including shirts, trousers, and suits. It sells its products under the Lorenzini brand, targeting the premium and mid-premium segment of the Indian menswear market. The company operates primarily through retail stores and multi-brand outlets across India.

Lorenzini earns revenue by manufacturing and selling branded apparel, with sales flowing through its own retail network and wholesale channels. The company is based in India and focuses on the domestic market, where growing urbanization and rising incomes support demand for branded clothing. Key growth depends on expanding its retail footprint and brand recognition, though it faces intense competition from both established Indian apparel brands and international players entering the market.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+85.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+113.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

₹0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

55.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Lorenzini Apparels Limited grew revenue 85% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
21.4%
Thin — 21.4% gross margin
Profit after running costs
Operating Margin
8.6%
Modest — 8.6% operating margin
Return on the money invested
ROCE
10.0%
Below par — 10.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+39.7%
Fast-growing sales (+39.7% YoY)
Profit growth
EPS YoY
+11.6%
Earnings growing (+11.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
33%
Weak — only 33% of profit becomes cash
Spare cash per sale
FCF Margin
2.3%
Thin free cash flow (2.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.38
Conservative — low debt load (0.38)
Covers its interest
Interest Cover
5.05x
Adequate interest coverage (5.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
27.3x
Growth-priced — P/E 27.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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