Liberty Shoes

Liberty Shoes Ltd.

NSE: LIBERTSHOE BSE: 526596 SECTOR: Footwear  36k   92   18

232.50
-1.00 (-0.43%)
NSE: Today, 02:14 PM

Price Summary

Today's High

₹ 235.1

Today's Low

₹ 231.05

52 Week High

₹ 442

52 Week Low

₹ 125.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 396.18 Cr.

Enterprise Value

₹ 457.92 Cr.

No. of Shares

1.7 Cr.

P/E

30.68

P/B

2

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  116.3

CASH

₹ 3.42 Cr.

DEBT

₹ 65.16 Cr.

Promoter Holding

58.51 %

EPS (TTM)

₹  7.58

Sales Growth

6.5%

ROE

1.2 %

ROCE

6.02%

Profit Growth

792.87 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Liberty Shoes Ltd.

AHA COOLERS Freedom FOOTfun Fortune GLIDERS HEALERS leap7x Prefect SENORITA FORTUNE FORCE 10

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year6.5%
3 Year-6.79%
5 Year-0.39%

Profit Growth

1 Year792.87%
3 Year-31.05%
5 Year-19.27%

ROE%

1 Year1.2%
3 Year2.4%
5 Year3.04%

ROCE %

1 Year6.02%
3 Year7.43%
5 Year8.25%

Debt/Equity

0.3448

Price to Cash Flow

10.46

Interest Cover Ratio

1.32577996447079

CFO/PAT (5 Yr. Avg.)

10.7201933277879

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 58.51 0
Dec 2022 58.5 0
Sep 2022 59.38 0
Jun 2022 59.38 0
Mar 2022 59.38 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 32.0613 Cr.
  • Company’s PEG ratio is 0.0386885764604192.
  • The company has an efficient Cash Conversion Cycle of 58.7587113613092 days.
  • The company has a good cash flow management; CFO/PAT stands at 10.7201933277879.
  • The company has a high promoter holding of 58.51%.

 Limitations

  • The company has shown a poor profit growth of -31.0510440065232% for the Past 3 years.
  • The company has shown a poor revenue growth of -6.78878404636022% for the Past 3 years.
  • Company has a poor ROE of 2.39727544840897% over the past 3 years.
  • The company is trading at a high PE of 30.68.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 126.57 161.22 168.51 158.52 166.07
Total Expenditure 115.94 143.97 150.85 145.28 152.47
Operating Profit 10.63 17.25 17.66 13.25 13.6
Other Income 0.16 0.05 0.03 0.02 0.08
Interest 2.49 2.8 2.55 3.36 3.37
Depreciation 7.13 6.88 7.12 7.31 10.38
Exceptional Items -0.18 -0.06 0.03 -0.11 -0.16
Profit Before Tax 0.99 7.55 8.05 2.48 -0.23
Tax 0.57 2.08 2.17 0.63 0.06
Profit After Tax 0.42 5.47 5.88 1.85 -0.29
Adjusted EPS (Rs) 0.24 3.21 3.45 1.09 -0.17

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 543.99 602.35 652.05 458.06 487.82
Total Expenditure 503.74 561 591.86 415.8 445.76
Operating Profit 40.25 41.35 60.2 42.27 42.05
Other Income 0.37 0.54 0.45 9.45 3.48
Interest 15.61 14.81 14.32 14.41 12.22
Depreciation 13.46 13.47 33.49 34.42 29.05
Exceptional Items -0.65 -0.15 4.43 -0.53 -0.29
Profit Before Tax 10.9 13.47 17.27 2.36 3.98
Tax 4.3 6.62 6.68 2.11 1.74
Net Profit 6.6 6.84 10.59 0.25 2.24
Adjusted EPS (Rs.) 3.87 4.02 6.21 0.15 1.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 17.04 17.04 17.04 17.04 17.04
Total Reserves 151.26 158.1 169.1 169.34 171.96
Borrowings 5.65 4 2.21 13.79 9.82
Other N/C liabilities 12.85 21.49 113.89 93.81 80.41
Current liabilities 226.84 218.95 339.74 223.42 152.6
Total Liabilities 413.64 419.58 641.98 517.4 431.83
Assets
Net Block 90.58 88.24 178.16 153.49 136.33
Capital WIP 0.25 0.32 0.9 0.12 0.02
Intangible WIP 0 0 0 0 0
Investments 1.22 1.22 1.22 1.22 0
Loans & Advances 15.67 12.66 10.29 9.57 7.13
Other N/C Assets 0 0 0 0.88 0.31
Current Assets 305.92 317.14 451.41 352.13 288.03
Total Assets 413.64 419.58 641.98 517.4 431.83
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 10.9 13.47 17.27 2.36 3.98
Adjustment 29.38 27.46 41.22 48.23 41.15
Changes in Assets & Liabilities -5.97 -9.4 99.2 -15.66 -4.88
Tax Paid -2.11 -2.86 -4.78 -2.22 -2.37
Operating Cash Flow 32.2 28.67 152.91 32.72 37.88
Investing Cash Flow -10.58 -10.39 -116.99 -9.06 -8.21
Financing Cash Flow -20.71 -19.1 -36.84 -24.08 -30.41
Net Cash Flow 0.91 -0.82 -0.93 -0.43 -0.74

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 59.38 59.38 59.38 58.50 58.51
geofin investments... 26.25 26.25 26.25 26.25 26.25
adesh kumar gupta ... - - 3.99 3.99 3.99
adesh kumar gupta ... 3.99 3.99 - - -
adeesh kumar gupta... - - - - 3.87
adish kumar gupta ... - - 3.87 3.87 -
adish kumar gupta ... 3.87 3.87 - - -
arpan gupta 2.99 2.99 2.99 2.99 2.99
anupam bansal 2.89 2.89 2.89 2.89 2.89
arpan gupta karta ... 2.15 2.15 2.15 - 2.15
arpan gupta karta ... - - - 2.15 -
ayush bansal 1.76 1.76 1.76 1.76 1.76
ruchir bansal 1.76 1.76 1.76 1.76 1.76
pulkit bansal 1.76 1.76 1.76 1.76 1.76
shammi bansal 1.52 1.52 1.52 1.52 1.52
akshat gupta 1.42 1.42 1.42 1.42 1.42
sunil bansal 1.37 1.37 1.37 1.37 1.37
raman bansal 1.37 1.37 1.37 1.37 1.37
vivek bansal 1.37 1.37 1.37 1.37 1.37
adish kumar gupta 1.11 1.11 1.11 1.11 -
adeesh kumar gupta - - - - 1.11
pranav gupta 0.82 0.82 0.82 - -
vaibhav bansal 0.88 0.88 0.88 0.88 0.88
manan bansal 0.88 0.88 0.88 0.88 0.88
adesh kumar gupta 0.56 0.56 0.56 0.56 0.56
rehti devi 0.49 0.49 0.49 0.49 0.49
kamlawati 0.08 0.08 0.08 0.08 0.08
adarsh gupta 0.06 0.06 0.06 - -
anmol gupta 0.04 0.04 0.04 0.04 0.04
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 40.62 40.62 40.62 41.50 41.49
klj resources limi... - - - 1.62 -
klj resources priv... - - - - 1.62
sachin gupta 1.47 1.47 1.48 1.47 1.47
sumeet agarwal - - 1.10 1.22 1.25
kanishk gupta - - - - 1.12
seetha kumari - - - - -
investor education... - - - - 0.80
investor education... - - 0.62 0.80 -
llp 0.11 0.08 - - 0.69

Annual Reports

Ratings & Research Reports

Company Presentations

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Liberty Shoes Stock Price Analysis and Quick Research Report. Is Liberty Shoes an attractive stock to invest in?

The footwear sector is a very significant segment of the leather industry in India; rather it is the engine of growth for the entire Indian leather industry. India is the second-largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs.

India produces 2065 million pairs of different categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs). India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand. 

Revenue in the Footwear market amounts to US$8,493m in 2020. The market is expected to grow annually by 12.6% (CAGR 2020-2023).

Let's talk about the key financial ratios and stock performance of Liberty Shoes over the period of time.

  • Operating profit margin: -  Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Liberty Shoes is 8.62102330219051 % which is weak  which allows the investors to look into the overall return on capital.

  • Debtor days: -  The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. Liberty Shoes has a debtor day of 76.5737342379352 which is significantly a bad sign towards the cash conversion cycle.

  • Capital structure (or) Debt to Equity: -  The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. Liberty Shoes has a D/E ratio of 0.3448 which is comfortably placed as compared to its peers.

  • Interest coverage ratio: -  It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. Liberty Shoes has an ICR of 1.32577996447079 which is unattractive to investors when compared with the company's growth.

Brief about Liberty Shoes

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