Rs 9.42 crore debt repaid & 4,740 per cent returns: Multibagger penny stock under Rs 20; Company reports revenue of Rs 63.42 crore and PAT of Rs 5.84 crore
The stock gave multibagger returns of 715 per cent in 3 years and a whopping 4,740 per cent in 5 years.
Lorenzini Apparels Ltd shares surged 1.42 per cent to Rs 12.18 per share from its previous closing of Rs 12.01 per share. The stock's 52-week high stands at Rs 35.90 per share and its 52-week low is Rs 10.16 per share.
Lorenzini Apparels Ltd., established in 2007, designs, manufactures, and markets ready-made garments for men and women through their own "Monteil" brand, offering formal, semi-formal, and casual wear, both in their exclusive stores and online, while also utilising third-party contractors for some garment production. The company has a market cap of Rs 197 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years.
According to the Quarterly Results, the net sales increased by 37 per cent to Rs 13.92 crore in Q4FY25 compared to Q4FY24. The company reported a net loss of Rs 6.57 crore in Q4FY25 compared to net profit of Rs 0.32 crore in Q4FY24. Looking at the annual results, the net sales increased by 16 per cent to Rs 63.42 crore and the net profit increased 10 per cent to Rs 5.84 crore in FY25 over FY24. The company repaid Rs 9.42 crore debt and decreased it Rs 9.57 crore in FY25 compared to FY24.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Additionally, the company expanded its retail presence with the opening of a new store in Janipur, Jammu. In a move to bolster its digital strategy, the company also considered launching its own dedicated e-commerce platform, aiming to provide customers with a direct online purchasing option. Furthermore, Lorenzini Apparels explored expanding its reach across various leading online marketplaces as part of its digital growth strategy, seeking to strengthen its digital footprint and improve accessibility for a broader customer base.
In FY25, FIIs took a fresh entry and bought 28,11,930 shares or 1.63 per cent stake in the company compared to Nil shareholding in FY24. As of March 2025, the company's promoters own 56.17 per cent; FIIs own 1.63 per cent and the rest of the 42.20 per cent stake is owned by the public shareholders. The stock gave multibagger returns of 715 per cent in 3 years and a whopping 4,740 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.