Lovable Lingerie Limited (LOVABLE) AI Stock Analysis

• Market Cap: ₹959.34M
• Dividend Yield: N/A
• Average Volume (3M): 1.93K
• Price to Earnings (P/E): 55.8
• Beta (1Y): 1.33
• 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: ₹63.00 ▼(-19.59% 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

Balance Sheet Strength

Conservative leverage and a stable equity ratio provide durable financial flexibility. A strong equity base helps absorb demand shocks, funds working capital needs without heavy new borrowing, and supports strategic investments or marketing spend to defend market position over the next 2-6 months.

Improved Free Cash Flow

An improvement in free cash flow signals better capital allocation and capex discipline. Sustained FCF gives the company ability to fund operations, reduce reliance on external financing, and reinvest in product and channel initiatives that support durable revenue recovery and operational resilience.

Diversified Retail & Distribution Model

A multi-channel model (retail plus distribution) and a focused brand in women's intimate apparel create structural advantages: broader customer reach, margin diversification between channels, and resilience if one channel underperforms, supporting steadier revenue capture over time.

Negative Factors

Revenue Decline & Volatility

Sustained and sharp revenue declines erode scale economics and make fixed-cost absorption harder. Volatile top-line performance undermines planning, limits ability to invest in marketing or product upgrades, and jeopardizes margin recovery unless structural demand or share gains are restored.

Consistent Negative EBIT

Persistently negative operating profit points to structural cost or pricing issues. If core operations cannot generate positive EBIT, the business will struggle to fund growth or self-finance turnaround, increasing reliance on cost cuts or balance sheet measures to restore sustainable profitability.

Operating Cash Flow Volatility

Irregular operating cash flow and weak cash conversion of earnings raise funding risk for working capital and capex. Over the medium term this can force disruptive measures—asset sales, higher borrowing, or reduced investment—hindering consistent execution and recovery of margins.

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

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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	417.39M	421.93M	637.60M	954.87M	972.20M	806.20M
Gross Profit	180.34M	222.75M	352.48M	604.78M	564.65M	406.60M
EBITDA	-20.75M	-14.72M	79.69M	24.23M	87.66M	31.28M
Net Income	7.14M	17.86M	42.83M	-718.00K	57.12M	6.70M
Balance Sheet
Total Assets	1.99B	2.11B	2.11B	2.15B	2.05B	1.90B
Cash, Cash Equivalents and Short-Term Investments	6.93M	9.27M	4.53M	12.97M	4.73M	10.03M
Total Debt	27.71M	102.47M	100.58M	65.35M	21.61M	0.00
Total Liabilities	280.41M	328.39M	343.93M	434.99M	329.08M	224.80M
Stockholders Equity	1.71B	1.78B	1.76B	1.72B	1.72B	1.68B
Cash Flow
Free Cash Flow	21.98M	52.10M	-79.74M	-65.50M	-2.71M	135.20M
Operating Cash Flow	22.22M	57.31M	-73.71M	-25.02M	11.30M	135.20M
Investing Cash Flow	53.60M	-75.72M	50.39M	20.75M	-23.56M	-145.01M
Financing Cash Flow	-76.05M	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: Positive
• 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 70.75, above the 50-day MA of 73.87, and below the 200-day MA of 87.87, indicating a bearish trend. The MACD of -2.83 indicates Positive momentum. The RSI at 29.82 is Positive, neither overbought nor oversold. The STOCH value of 15.28 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
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LAMBODHARA	62 Neutral	₹996.25M	13.04	―	0.42%	13.13%	-2.13%
BHANDARI	59 Neutral	₹1.11B	10.89	―	0.51%	2.92%	-0.09%
SURYALAXMI	55 Neutral	₹993.86M	53.55	―	―	4.60%	226.64%
ZENITHEXPO	55 Neutral	₹1.02B	172.50	―	―	8.45%	―
LOVABLE	43 Neutral	₹959.34M	55.75	―	―	-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.