Lovable Lingerie Limited (LOVABLE) AI Stock Analysis

• Market Cap: ₹1.10B
• Dividend Yield: N/A
• Average Volume (3M): 1.93K
• Price to Earnings (P/E): 31.5
• Beta (1Y): 1.44
• Revenue Growth: -2.52%
• EPS Growth: N/A
• Country: IN
• Employees: 996
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.36
• Shares Outstanding: 14,800,000
• 10 Day Avg. Volume: 1,060
• 30 Day Avg. Volume: 1,934
• PEG Ratio: -1.16
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 2.86
• P/FCF Ratio: 23.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹72.00 ▼(-8.10% Downside)
• Action: Reiterated Date: 11/22/25
• Date: Action: Reiterated 11/22/25

The overall stock score of 43 reflects significant challenges in financial performance and technical analysis. The company's declining revenue and operational inefficiencies weigh heavily on its financial health. Additionally, the stock's technical indicators suggest a bearish trend, and its high P/E ratio indicates overvaluation. These factors combined result in a low overall score.

Positive Factors

Conservative Balance Sheet

A conservative leverage profile and strong equity base provide durable financial flexibility. Over the next several months this buffer supports working capital, funds turnaround initiatives, and reduces refinancing risk, helping the company withstand revenue pressure while pursuing strategic fixes.

Improving Free Cash Flow

An improvement in free cash flow signals more disciplined capex and the ability to generate cash after investment. Sustained FCF improvement enables internal funding of initiatives, reduces dependence on external financing, and strengthens the firm's capacity to invest in brand, inventory, or margin improvements.

Established Brand and Diversified Channels

Operating a recognized brand across both retail and distribution channels provides structural advantages: customer recognition, broader market access, and reduced reliance on a single channel. These durable assets support recovery in demand and enable targeted margin or assortment strategies.

Negative Factors

Declining and Volatile Revenue

Sustained revenue decline and volatility erode scale economics and bargaining power with suppliers and retailers. Over months this weakens margins, constrains reinvestment, and makes sustaining SG&A and fixed costs harder without clear market-share recovery or new growth levers.

Persistent Negative Operating Profit

Consistent negative EBIT indicates core operations are loss-making and points to structural cost or pricing issues. Unless operational efficiency or price realization improves, ongoing operating losses will deplete reserves, limit strategic flexibility, and raise the need for painful restructuring.

Inconsistent Cash Conversion

Irregular operating cash flow and poor cash conversion increase liquidity risk despite occasional FCF improvement. Over a 2-6 month horizon this complicates funding for inventory and marketing, may force reliance on the balance sheet, and limits ability to execute corrective investments consistently.

Lovable Lingerie Limited Business Overview & Revenue Model

Company Description

Lovable Lingerie Limited manufactures and sells women's innerwear in India. The company offers brassieres, panties, slips/camisoles, homewear, shapewear, foundation garments, and sleepwear products. It also provides sportswear, nightwear, winter wear, swimwear, and other accessories. The company offers its products under the Lovable, Daisy Dee, and College Style brands. Lovable Lingerie Limited was incorporated in 1987 and is headquartered in Mumbai, India.

How the Company Makes Money

Lovable Lingerie Limited generates revenue through multiple key streams, primarily from the direct sale of its lingerie products through retail stores and online platforms. The company benefits from a robust e-commerce presence, allowing it to reach a wider audience and streamline its distribution process. Additionally, LOVABLE engages in strategic partnerships with department stores and specialty boutiques, expanding its market reach and brand visibility. Seasonal promotions, loyalty programs, and collaborations with influencers also contribute to sales growth. Furthermore, the brand's commitment to quality and customer satisfaction fosters repeat purchases, enhancing its overall revenue potential.

Lovable Lingerie Limited Financial Statement Overview

Summary

Lovable Lingerie Limited faces challenges in revenue stability and operational efficiency. Despite a strong balance sheet with low leverage, the income statement reveals declining performance, and cash flow management shows room for improvement. The company must address revenue growth and operational efficiency to enhance its financial health.

Income Statement

Lovable Lingerie Limited has experienced significant revenue volatility over recent years. The revenue has declined sharply from 2020 to 2025, indicating challenges in maintaining its market position. The company has consistently reported negative EBIT, with a slight improvement in net income in 2025. The negative EBIT margin suggests operational inefficiencies, while the net profit margin remains weak.

Balance Sheet

The balance sheet shows strong equity, with a debt-to-equity ratio that suggests conservative leverage compared to industry norms. However, the equity ratio has remained stable, indicating a strong asset base. The company has managed to maintain a reasonable return on equity, which is a positive sign amidst declining revenues.

Cash Flow

Cash flow performance has been inconsistent, with operating cash flow showing significant fluctuations, including a negative figure in 2024. Free cash flow improved in 2025, reflecting better capital expenditure management. However, the operating cash flow to net income ratio indicates potential issues in converting earnings into cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	430.38M	421.93M	637.60M	954.87M	972.20M	806.20M
Gross Profit	217.84M	222.75M	352.48M	604.78M	564.65M	406.60M
EBITDA	-21.26M	-14.72M	79.69M	24.23M	87.66M	31.28M
Net Income	31.13M	17.86M	42.83M	-718.00K	57.12M	6.70M
Balance Sheet
Total Assets	0.00	2.11B	2.11B	2.15B	2.05B	1.90B
Cash, Cash Equivalents and Short-Term Investments	9.27M	9.27M	4.53M	12.97M	4.73M	10.03M
Total Debt	0.00	102.47M	100.58M	65.35M	21.61M	0.00
Total Liabilities	-1.78B	328.39M	343.93M	434.99M	329.08M	224.80M
Stockholders Equity	1.78B	1.78B	1.76B	1.72B	1.72B	1.68B
Cash Flow
Free Cash Flow	0.00	52.10M	-79.74M	-65.50M	-2.71M	135.20M
Operating Cash Flow	0.00	57.31M	-73.71M	-25.02M	11.30M	135.20M
Investing Cash Flow	0.00	-75.72M	50.39M	20.75M	-23.56M	-145.01M
Financing Cash Flow	0.00	14.89M	14.88M	11.08M	6.96M	-98.29M

Lovable Lingerie Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 78.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LOVABLE, the sentiment is Negative. The current price of 78.35 is above the 20-day moving average (MA) of 77.16, above the 50-day MA of 77.05, and below the 200-day MA of 89.86, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 43.45 is Neutral, neither overbought nor oversold. The STOCH value of 8.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LOVABLE.

Lovable Lingerie Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAMBODHARA	69 Neutral	₹1.10B	13.64	―	0.42%	13.13%	-2.13%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BHANDARI	59 Neutral	₹1.21B	9.08	―	0.51%	2.92%	-0.09%
SURYALAXMI	55 Neutral	₹1.05B	20.60	―	―	4.60%	226.64%
ZENITHEXPO	55 Neutral	₹1.06B	19.65	―	―	8.45%	―
LOVABLE	43 Neutral	₹1.10B	31.53	―	―	-2.52%	―

Lovable Lingerie Limited Corporate Events

Lovable Lingerie Announces Resignation of Executive Director Vindamuri Giri Raj

Lovable Lingerie Limited has announced that Executive Director Vindamuri Giri Raj has resigned from his position, effective from the close of business on February 28, 2026. The company disclosed that his departure is due to personal reasons and confirmed there are no other material reasons for his resignation, signaling a routine leadership change with limited immediate operational implications.

The resignation was communicated to both the National Stock Exchange of India and BSE Limited in compliance with SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. By emphasizing regulatory adherence and clarifying the absence of additional concerns, Lovable Lingerie aims to reassure shareholders and the market that the board-level transition should not indicate underlying governance or performance issues.