Lovable Lingerie Limited (LOVABLE.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

+11.9%

₹76.09

vs ₹68.00 price

Levered DCF

-₹2.76

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.92

Safe zone

Rating

D+

Overall 1 / 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	24.65×	67.31×	40.99×	-1,796.91×	35.27×	181×	18.7×	189.73×
P/B	0.46×	0.68×	0.99×	0.75×	1.17×	0.72×	0.35×	0.93×
P/S	1.96×	2.86×	2.75×	1.35×	2.07×	1.5×	0.41×	0.88×
EV / EBITDA	33.11×	-88.38×	23.2×	55.39×	23.29×	38.23×	9.57×	31.06×
Gross margin	16.4%	52.8%	55.3%	63.3%	58.1%	50.4%	35.3%	53.6%
Operating margin	-9.6%	-31.9%	-3.5%	-4.5%	3.2%	-4.4%	3.4%	3.1%
Net margin	7.9%	4.2%	6.7%	-0.1%	5.9%	0.8%	2.2%	0.5%
Current ratio	5.68×	3.86×	5.48×	3.61×	4.34×	5.6×	5.16×	4.14×
Debt / equity	0.02×	0.06×	0.06×	0.04×	0.01×	0×	0.05×	0×
Interest coverage	-9.58×	-24.53×	-4.35×	-8.63×	9.71×	-7.03×	50.99×	74.67×
Dividend yield	0.0%	0.0%	0.0%	0.6%	0.4%	0.6%	1.3%	0.0%
Payout ratio	0.0%	0.0%	0.0%	-1030.6%	13.0%	116.8%	23.6%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.9%	1.0%	2.4%	-0.0%	3.3%	0.4%	1.9%	0.5%
Return on invested capital	-2.2%	3.0%	-0.9%	-2.2%	1.4%	-1.4%	2.0%	0.8%
Return on assets	1.7%	0.8%	2.0%	-0.0%	2.8%	0.4%	1.5%	0.4%
Free cash flow yield	2.4%	4.3%	-4.5%	-5.1%	-0.1%	11.2%	-1.9%	5.1%
Earnings yield	4.1%	1.5%	2.4%	-0.1%	2.8%	0.6%	5.4%	0.5%
Enterprise value	₹844.1M	₹1.3B	₹1.8B	₹1.3B	₹2B	₹1.2B	₹554.1M	₹1.5B
Net debt / EBITDA	0.74×	-6.33×	1.21×	2.16×	0.19×	-0.32×	-0.57×	-0.38×
Cash conversion cycle (days)	530	935	744	515	387	387	221	230