Multibagger Penny Stock Under Rs 20 & 4,000 Per Cent Returns; Net Profit Jumps 149 per cent to Rs 12.98 crore in 9MFY25
The stock gave multibagger returns of 2,000 per cent in 3 years and a whopping 4,000 per cent in 5 years.
Lorenzini Apparels Ltd shares plunged 2 per cent to Rs 14.71 per share from its previous closing of Rs 15.02 per share. The stock's 52-week high stands at Rs 35.90 per share and its 52-week low is Rs 14 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 over Rs 250 crore.
According to the Quarterly Results, the net sales increased by 68 per cent to Rs 21.27 crore in Q3FY25 compared to Q3FY24. The company reported a net loss of Rs 1.62 crore in Q3FY25. In nine-month results, the net sales increased by 12 per cent to Rs 49.50 crore and net profit increased by 149 per cent to Rs 12.41 crore in 9MFY25 compared to 9MFY24. Looking at the annual results, the net sales increased by 24 per cent to Rs 54.76 crore and net profit skyrocketed by 110 per cent to Rs 5.30 crore in FY24 over FY23.
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As of December 2024, the company's promoters own 57.07 per cent; FIIs own 0.01 per cent and the rest 42.91 per cent stake is owned by the public shareholders. The stock gave multibagger returns of 2,000 per cent in 3 years and a whopping 4,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.