Liberty Shoes Ltd

Liberty Shoes Ltd

₹ 445 6.52%
10 Jun 4:01 p.m.
About

Incorporated in 1954, Liberty Shoes manufactures and trades footwear, accessories and lifestyle products through its retail, ecommerce and wholesale network[1]

Key Points

Business Overview:[1]
LSL is the flagship company of the Karnal (Haryana) based Liberty Group. It is in the business of manufacturing and selling leather and non-leather footwear. Company sells its merchandise through its pan India distribution network

  • Market Cap 761 Cr.
  • Current Price 445
  • High / Low 570 / 276
  • Stock P/E 49.7
  • Book Value 131
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 7.09 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.41 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.71% over past five years.
  • Company has a low return on equity of 7.03% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
126.57 161.22 168.51 158.52 166.07 143.36 171.79 152.08 169.64 155.93 171.80 160.10 187.66
115.94 143.97 150.86 145.28 152.47 127.70 156.29 141.42 144.30 139.85 157.21 146.69 162.53
Operating Profit 10.63 17.25 17.65 13.24 13.60 15.66 15.50 10.66 25.34 16.08 14.59 13.41 25.13
OPM % 8.40% 10.70% 10.47% 8.35% 8.19% 10.92% 9.02% 7.01% 14.94% 10.31% 8.49% 8.38% 13.39%
-0.02 -0.01 0.06 -0.09 -0.08 0.03 -0.04 0.07 -4.59 0.13 -2.55 0.18 -0.15
Interest 2.49 2.80 2.55 3.36 3.37 3.64 4.02 2.76 3.17 3.02 3.33 2.93 3.88
Depreciation 7.13 6.88 7.12 7.31 10.38 7.52 7.66 7.73 10.85 6.55 6.84 6.89 12.50
Profit before tax 0.99 7.56 8.04 2.48 -0.23 4.53 3.78 0.24 6.73 6.64 1.87 3.77 8.60
Tax % 57.58% 27.51% 26.99% 25.40% 26.09% 26.27% 30.42% 25.00% 25.85% 29.67% 50.80% 37.14% 34.77%
0.42 5.47 5.88 1.85 -0.29 3.35 2.64 0.18 4.98 4.66 0.92 2.37 5.61
EPS in Rs 0.25 3.21 3.45 1.09 -0.17 1.97 1.55 0.11 2.92 2.73 0.54 1.39 3.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
484 526 454 497 546 602 652 458 488 654 637 675
443 482 411 457 505 561 592 407 443 593 570 606
Operating Profit 41 44 43 40 40 41 60 51 45 62 67 69
OPM % 8% 8% 9% 8% 7% 7% 9% 11% 9% 9% 11% 10%
0 -0 -1 0 -0 0 5 -0 -0 -0 -5 -2
Interest 16 16 16 16 16 15 14 14 12 12 14 13
Depreciation 11 12 14 14 13 13 33 34 29 32 34 33
Profit before tax 14 15 12 10 11 13 17 2 4 18 15 21
Tax % 5% -14% 18% 36% 39% 49% 39% 89% 44% 28% 27% 35%
13 17 10 7 7 7 11 0 2 13 11 14
EPS in Rs 7.86 10.01 5.99 3.84 3.87 4.01 6.21 0.15 1.31 7.58 6.55 7.96
Dividend Payout % 19% 15% 0% 0% 0% 0% 0% 0% 190% 33% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: 11%
TTM: 6%
Compounded Profit Growth
10 Years: -1%
5 Years: 16%
3 Years: 85%
TTM: 4%
Stock Price CAGR
10 Years: 8%
5 Years: 28%
3 Years: 44%
1 Year: 21%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 7%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 121 128 138 145 151 158 169 169 172 181 192 206
117 139 135 136 116 109 124 97 125 160 147 156
114 121 99 127 129 136 332 234 118 112 107 118
Total Liabilities 368 404 389 425 414 420 642 517 432 471 464 497
99 97 98 93 91 88 178 153 136 160 165 173
CWIP 0 1 1 1 0 0 1 0 0 0 0 4
Investments 1 1 1 1 1 1 1 1 0 0 0 0
267 306 289 330 322 330 462 363 295 310 299 319
Total Assets 368 404 389 425 414 420 642 517 432 471 464 497

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
12 35 39 22 32 29 153 33 38 94 88 74
-9 -17 -16 -8 -11 -10 -117 -9 -8 -55 -44 -44
-11 -19 -22 -14 -21 -19 -37 -24 -30 -39 -43 -30
Net Cash Flow -8 -1 0 0 1 -1 -1 -0 -1 0 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 87 80 77 88 68 63 113 87 72 49 56 63
Inventory Days 162 191 243 249 216 207 213 347 257 237 206 205
Days Payable 118 121 127 142 130 114 215 214 122 92 87 78
Cash Conversion Cycle 131 150 193 195 153 156 111 220 208 193 175 190
Working Capital Days 102 113 133 135 118 117 126 162 140 115 113 115
ROCE % 12% 12% 10% 9% 9% 10% 9% 6% 6% 9% 9% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.38% 59.39% 58.50% 58.50% 58.50% 58.50% 58.50% 58.50% 58.50% 58.36% 58.32% 58.32%
0.00% 0.10% 0.48% 0.31% 0.00% 0.15% 0.00% 0.67% 0.64% 0.56% 0.68% 0.73%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.62% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.99% 40.52% 41.01% 41.16% 41.50% 41.35% 41.50% 40.83% 40.86% 41.08% 41.01% 40.96%
No. of Shareholders 29,88025,37326,17526,04827,57528,82827,82925,18323,29021,32820,69320,949

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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