NSE: LOVABLE · BSE: 533343
LOVABLE LINGERIE LTD
Manufactures and sells branded lingerie and related garments under the "Lovable" brand-name, classified as a Garments & Apparels company listed on NSE and BSE. In FY26, revenue from operations was Rs 4,217.21 Lacs, down about 19% from Rs 5,219.33 Lacs in FY25. The company also reported a loss of Rs 463.61 Lacs from discontinued operations, indicating a business unit was wound down during the year. Net profit from continuing operations surged to Rs 798.39 Lacs from Rs 178.65 Lacs, driven by sharp cost reductions — employee costs fell to Rs 1,260.09 Lacs from Rs 1,918.02 Lacs and other expenses fell to Rs 1,122.32 Lacs from Rs 1,656.23 Lacs. Employee costs at 29.9% of revenue and materials at 27.8% are the largest cost items, with other opex at 26.6% and depreciation at 3.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lingerie and related garments. Small-cap consumer discretionary garments business with a discontinued operations drag and an employee-heavy cost base
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 97 | 95 | 64 | 42 | 42 |
| EBITDA (ex other income) | 4 | (3) | (0) | (12) | (3) |
| margin % | 3.8 | (3.6) | (0.4) | (27.7) | (6.1) |
| Owners' profit | 6 | (0) | 4 | 2 | 3 |
| EPS, as reported (₹) | 3.55 | (0.05) | 2.89 | 2.42 | 2.26 |
| ROE % · ROCE % | 3.3 · 3.7 | (0.0) · 0.2 | 2.4 · 3.1 | 1.0 · (1.9) | 1.9 · 0.6 |
| Debt / equity (x) | 0.01 | 0.02 | 0.04 | 0.05 | 0.02 |
| Cash from operations | 1 | (3) | (7) | 6 | 2 |
| Capex | (1) | (1) | 0 | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 8 | 8 | 16 | 9 | 11 | 6 | 13 |
| Profit before tax | (1) | (3) | (3) | 2 | (1) | 3 | (3) | 4 |
| Net profit | (1) | (3) | 3 | 4 | (4) | 1 | 3 | 3 |
| EPS (₹) | (0.94) | (3.58) | 4.32 | 4.80 | (2.56) | (1.10) | 1.98 | 2.36 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 37,812 | 50.0 | 25.16 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 13,369 | 32.3 | 3.23 | 14.1 | 10.3 | 11.9 | 12.9 | 9.4 |
| PEARL GLOBAL IND LIMITED | 5,588 | 18.0 | 3.89 | 11.2 | 18.8 | 16.8 | 27.5 | 11.2 |
| GOKALDAS EXPORTS LTD. | 4,744 | 46.0 | 2.20 | 12.9 | 4.6 | 6.0 | 26.9 | 12.1 |
| LUX INDUSTRIES LIMITED | 3,496 | 32.8 | 1.92 | 19.4 | 5.8 | 7.3 | 8.4 | 8.2 |
| SBC EXPORTS LIMITED | 3,114 | 76.9 | 38.83 | 70.5 | 31.5 | 28.3 | — | 13.9 |
| KEWAL KIRAN CLOTHING LTD | 2,631 | 17.8 | 2.35 | 9.6 | 13.6 | 16.6 | 32.0 | 24.0 |
| KITEX GARMENTS LTD | 2,250 | — | 1.82 | 34.0 | (1.1) | 0.3 | 7.9 | 11.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 102.7 | 16.2 | 35 of 37 | 6% |
| P/B | 0.6 | 1.5 | 5 of 35 | 88% |
| ROCE | 0.3 | 8.4 | 35 of 44 | 21% |
| ROE | 1.9 | 5.8 | 26 of 35 | 27% |
| Debt / Equity | 0.0 | 0.3 | 7 of 35 | 82% |
| EBITDA margin | 33.0 | 10.4 | 2 of 35 | 97% |
| Revenue growth | (22.2) | 7.9 | 31 of 37 | 17% |
| Profit growth | (1.6) | 6.8 | 25 of 37 | 33% |
| Market cap | 103 | 146 | 25 of 44 | 44% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine compliance certificate from RTA for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM voting results: All 3 resolutions passed with over 99.9 percent approval | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Lovable Lingerie 39th AGM held Sep 28, 2026 - summary of proceedings | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading Window Closed for Q2 Results Announcement | compliance | minimal | — | — |
| 9 Sept 2026 · Lovable Lingerie schedules 39th AGM on September 28 via video conferencing | compliance | minimal | — | — |
| 9 Sept 2026 · Company sends annual report web link to shareholders by post | general | low | — | — |
| 4 Sept 2026 · Annual Report FY26 and 39th AGM notice filed | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · 39th AGM on 28 Sept 2026; notice and FY26 annual report filed | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Book Closure and E-Voting Dates for 39th AGM | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Lovable Lingerie announces 39th AGM on September 28 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.