Lorenzini Apparels Limited (LAL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-7.1%

₹8.54

vs ₹9.19 price

Levered DCF

-₹7.01

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	24.64×	33.24×	80.15×	48.94×	1,016.88×	1,535.29×	333.19×	191.91×
P/B	2.06×	4.08×	16.35×	7.96×	9.54×	10.39×	10.46×	10.8×
P/S	1.47×	3.06×	7.75×	2.8×	5.02×	4.81×	3.45×	4.54×
EV / EBITDA	17.44×	18.15×	37.35×	17.45×	41.41×	100.06×	87.49×	109.03×
Gross margin	21.8%	35.5%	38.2%	28.1%	47.3%	29.6%	26.4%	31.4%
Operating margin	7.9%	8.6%	13.3%	11.9%	6.4%	3.7%	5.1%	3.5%
Net margin	6.0%	9.2%	9.7%	5.8%	0.5%	0.3%	1.0%	2.3%
Current ratio	2.43×	3.11×	1.76×	1.81×	1.64×	2.06×	2.03×	2.25×
Debt / equity	0.39×	0.2×	0.73×	1.03×	1.13×	0.76×	0.51×	0.18×
Interest coverage	5.15×	4.79×	5.15×	4.11×	1.68×	1.51×	3.66×	4.01×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.4%	12.3%	20.4%	16.4%	0.9%	0.7%	3.1%	5.6%
Return on invested capital	5.5%	6.9%	11.8%	11.1%	1.2%	1.4%	5.5%	5.9%
Return on assets	5.0%	8.0%	8.5%	6.1%	0.3%	0.3%	1.4%	2.9%
Free cash flow yield	-18.4%	-2.8%	0.3%	0.6%	2.0%	-0.2%	-0.6%	0.2%
Earnings yield	4.1%	3.0%	1.2%	2.1%	0.1%	0.1%	0.3%	0.5%
Enterprise value	₹1.3B	₹2B	₹4.4B	₹1.4B	₹1.4B	₹1.3B	₹1.3B	₹1.2B
Net debt / EBITDA	2.65×	0.84×	1.59×	1.98×	4.32×	6.48×	3.61×	1.51×
Cash conversion cycle (days)	355	366	317	247	434	266	175	204