Liberty Shoes Ltd

Liberty Shoes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Liberty Shoes Ltd

₹ 330 -2.20%
26 Apr 4:02 p.m.
libertyshoes.com BSE: 526596 NSE : LIBERTSHOE
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

Website BSE NSE
  • Market Cap ₹ 563 Cr.
  • Current Price ₹ 330
  • High / Low ₹ 413 / 217
  • Stock P/E 91.8
  • Book Value ₹ 120
  • Dividend Yield 0.76 %
  • ROCE 8.99 %
  • ROE 6.78 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 74.4%
  • Debtor days have improved from 69.1 to 48.8 days.

Cons

  • Stock is trading at 2.76 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.70% over past five years.
  • Company has a low return on equity of 2.79% 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.

Peer comparison

Sector: Leather Industry: Leather / Leather Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
147.41 162.43 97.64 111.70 151.90 126.57 161.22 168.51 158.52 166.07 143.36 171.79 152.08
129.92 139.43 89.89 101.63 135.13 115.94 143.97 150.86 145.28 152.47 127.70 156.29 141.42
Operating Profit 17.49 23.00 7.75 10.07 16.77 10.63 17.25 17.65 13.24 13.60 15.66 15.50 10.66
OPM % 11.86% 14.16% 7.94% 9.02% 11.04% 8.40% 10.70% 10.47% 8.35% 8.19% 10.92% 9.02% 7.01%
0.15 -0.40 0.07 -0.01 -0.04 -0.02 -0.01 0.06 -0.09 -0.08 0.03 -0.04 0.07
Interest 3.59 3.93 3.55 2.88 3.29 2.49 2.80 2.55 3.36 3.37 3.64 4.02 2.76
Depreciation 8.28 9.58 7.34 7.29 7.29 7.13 6.88 7.12 7.31 10.38 7.52 7.66 7.73
Profit before tax 5.77 9.09 -3.07 -0.11 6.15 0.99 7.56 8.04 2.48 -0.23 4.53 3.78 0.24
Tax % 0.00% 23.21% 0.00% 0.00% 18.86% 57.58% 27.51% 26.99% 25.40% -26.09% 26.27% 30.42% 25.00%
5.77 6.98 -3.06 -0.11 5.00 0.42 5.47 5.88 1.85 -0.29 3.35 2.64 0.18
EPS in Rs 3.39 4.10 -1.80 -0.06 2.93 0.25 3.21 3.45 1.09 -0.17 1.97 1.55 0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
333 336 484 526 454 497 546 602 652 458 488 654 633
303 309 443 482 411 457 505 561 592 407 443 593 578
Operating Profit 29 27 41 44 43 40 40 41 60 51 45 62 55
OPM % 9% 8% 8% 8% 9% 8% 7% 7% 9% 11% 9% 9% 9%
-3 0 0 -0 -1 0 -0 0 5 -0 -0 -0 -0
Interest 12 12 16 16 16 16 16 15 14 14 12 12 14
Depreciation 7 8 11 12 14 14 13 13 33 34 29 32 33
Profit before tax 7 7 14 15 12 10 11 13 17 2 4 18 8
Tax % -6% -2% 5% -14% 18% 36% 39% 49% 39% 89% 44% 28%
8 7 13 17 10 7 7 7 11 0 2 13 6
EPS in Rs 4.48 4.21 7.86 10.01 5.99 3.84 3.87 4.01 6.21 0.15 1.31 7.58 3.46
Dividend Payout % 0% 0% 19% 15% 0% 0% 0% 0% 0% 0% 190% 33%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 0%
TTM: 3%
Compounded Profit Growth
10 Years: 6%
5 Years: 13%
3 Years: 21%
TTM: -56%
Stock Price CAGR
10 Years: 6%
5 Years: 19%
3 Years: 39%
1 Year: 37%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 3%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 132 139 121 128 138 145 151 158 169 169 172 181 187
94 105 117 139 135 136 116 109 124 97 125 160 138
90 94 114 121 99 127 129 136 332 234 118 112 118
Total Liabilities 333 355 368 404 389 425 414 420 642 517 432 471 461
87 87 99 97 98 93 91 88 178 153 136 160 150
CWIP 0 0 0 1 1 1 0 0 1 0 0 0 1
Investments 16 26 1 1 1 1 1 1 1 1 0 0 0
230 241 267 306 289 330 322 330 462 363 295 310 311
Total Assets 333 355 368 404 389 425 414 420 642 517 432 471 461

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 27 12 35 39 22 32 29 153 33 38 94
-7 -18 -9 -17 -16 -8 -11 -10 -117 -9 -8 -55
-12 -8 -11 -19 -22 -14 -21 -19 -37 -24 -30 -39
Net Cash Flow -8 1 -8 -1 0 0 1 -1 -1 -0 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 96 105 87 80 77 88 68 63 113 87 72 49
Inventory Days 177 194 162 191 243 249 216 207 213 347 257 237
Days Payable 143 150 118 121 127 142 130 114 215 214 122 92
Cash Conversion Cycle 129 149 131 150 193 195 153 156 111 220 208 193
Working Capital Days 113 131 102 113 133 135 118 117 126 162 140 115
ROCE % 9% 8% 12% 12% 10% 9% 9% 10% 9% 6% 6% 9%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.30% 59.30% 59.30% 59.38% 59.38% 59.39% 58.50% 58.50% 58.50% 58.50% 58.50% 58.50%
0.00% 0.00% 0.09% 0.14% 0.00% 0.10% 0.48% 0.31% 0.00% 0.15% 0.00% 0.67%
0.00% 0.01% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.62% 0.62% 0.62% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00%
40.70% 40.69% 39.98% 39.85% 39.99% 40.52% 41.01% 41.16% 41.50% 41.35% 41.50% 40.83%
No. of Shareholders 28,69029,14130,34030,36829,88025,37326,17526,04827,57528,82827,82925,183

* 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.

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