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
| ₹ crore · consolidated | 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) |
| ₹ 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 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 | — | — |
| 31 Aug 2026 · Board approves 39th AGM date and Annual Report for FY26 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Newspaper publication of financial results filed with Exchange | compliance | minimal | — | — |
| 13 Aug 2026 · Lovable Lingerie appoints promoter family member as Non-Executive Director | management changes | medium | — | — |
| 13 Aug 2026 · Lovable Lingerie appoints MD's son as Non-Executive Non-Independent Director | management changes | medium | — | — |
| 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 |
| LUX INDUSTRIES LIMITED |
| 3,443 |
| 32.3 |
| 1.89 |
| 19.2 |
| 5.8 |
| 7.3 |
| 8.4 |
| 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 105.4 | 17.7 | 37 of 39 | 5% |
| P/B | 0.6 | 1.6 | 5 of 35 | 88% |
| ROCE | 0.3 | 8.4 | 35 of 44 | 21% |
| ROE | 1.9 | 5.8 | 27 of 37 | 28% |
| Debt / Equity | 0.0 | 0.3 | 9 of 37 | 78% |
| 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 | 106 | 158 | 26 of 44 | 42% |
| 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 |
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.
