Lagnam Spintex standalone net profit rises 16.18% in the June 2024 quarter

Lagnam Spintex Standalone March 2022 Net Sales at Rs 101.44 crore, up 38.63% Y-o-Y

Lagnam Spintex standalone net profit rises 14.70% in the March 2022 quarter

Multibagger stock: Lagnam Spintex reported a 107 per cent rise in the net profit to ₹9.4 crore for the quarter ended December 31, 2021

Multibagger textile stock doubles shareholders’ money in 2 mths. Should you buy?

Lagnam Spintex Standalone December 2021 Net Sales At Rs 90.95 Crore, Up 44.85% Y-o-Y

IFB Agro, Khandwala Sec, Lagnam Spintex, Control Print and OM Metal Infra, hit their fresh 52-week highs at 10:50AM.

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During the Nine months ending December 2021 PAT increases to Rs 21.70 crore as against loss of Rs 1.71 crores during the previous Nine months ended December 2020, a mammoth jump of 1368% YOY.

Lagnam Spintex PAT zooms to 107% at Rs9.40cr in December 2021 quarter

Lagnam Spintex hit an upper circuit limit of Rs 10% to Rs 90.45 after the company’s net profit surged 107.05% to Rs 9.40 crore on 45.03% rise in net sales to Rs 90.95 crore in Q3 December 2021 over Q3 December 2020.

Lagnam Spintex spurts after robust Q3 results

Lagnam Spintex standalone net profit rises 107.05% in the December 2021 quarter

The Positive Outlook reflects Ind-Ra’s expectation of a significant improvement in LSL’s scale of operations and EBITDA margins in FY22.

Ind Ra assigns Lagnam Spintex long-term issuer rating at ‘BBB-’ with Positive outlook

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags