Liberty Shoes Ltd

₹ 271 -0.22%

07 Jul - close price

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. The group has presence in Indian footwear industry for the last 6 decades.

Website BSE NSE

Market Cap ₹ 461 Cr.
Current Price ₹ 271
High / Low ₹ 405 / 210
Stock P/E 41.6
Book Value ₹ 137
Dividend Yield 0.00 %
ROCE 7.91 %
ROE 4.86 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 10.1% over past five years.
Company has a low return on equity of 6.38% 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

Consumer Discretionary Consumer Durables Consumer Durables Footwear

Part of BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	166.07	143.36	171.79	152.08	169.64	155.93	171.80	160.10	187.66	172.79	174.23	180.92	212.05
	152.47	127.70	156.29	141.42	144.30	139.85	157.21	146.69	162.53	156.82	159.08	167.68	192.08
Operating Profit	13.60	15.66	15.50	10.66	25.34	16.08	14.59	13.41	25.13	15.97	15.15	13.24	19.97
OPM %	8.19%	10.92%	9.02%	7.01%	14.94%	10.31%	8.49%	8.38%	13.39%	9.24%	8.70%	7.32%	9.42%
	-0.08	0.03	-0.04	0.07	-4.59	0.13	-2.55	0.18	-0.15	0.22	0.06	-0.01	0.38
Interest	3.37	3.64	4.02	2.76	3.17	3.02	3.33	2.93	3.88	3.82	3.99	3.82	4.34
Depreciation	10.38	7.52	7.66	7.73	10.85	6.55	6.84	6.89	12.50	7.85	8.15	8.29	9.73
Profit before tax	-0.23	4.53	3.78	0.24	6.73	6.64	1.87	3.77	8.60	4.52	3.07	1.12	6.28
Tax %	26.09%	26.27%	30.42%	25.00%	25.85%	29.67%	50.80%	37.14%	34.77%	26.33%	35.50%	47.32%	15.61%
	-0.29	3.35	2.64	0.18	4.98	4.66	0.92	2.37	5.61	3.33	1.97	0.59	5.30
EPS in Rs	-0.17	1.97	1.55	0.11	2.92	2.73	0.54	1.39	3.29	1.95	1.16	0.35	3.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	526	454	497	546	602	652	458	488	654	637	675	740
	482	411	457	505	561	592	407	443	593	570	606	676
Operating Profit	44	43	40	40	41	60	51	45	62	67	69	64
OPM %	8%	9%	8%	7%	7%	9%	11%	9%	9%	11%	10%	9%
	-0	-1	0	-0	0	5	-0	-0	-0	-5	-2	1
Interest	16	16	16	16	15	14	14	12	12	14	13	16
Depreciation	12	14	14	13	13	33	34	29	32	34	33	34
Profit before tax	15	12	10	11	13	17	2	4	18	15	21	15
Tax %	-14%	18%	36%	39%	49%	39%	89%	44%	28%	27%	35%	25%
	17	10	7	7	7	11	0	2	13	11	14	11
EPS in Rs	10.01	5.99	3.84	3.87	4.01	6.21	0.15	1.31	7.58	6.55	7.96	6.57
Dividend Payout %	15%	0%	0%	0%	0%	0%	0%	190%	33%	0%	0%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	10%
3 Years:	4%
TTM:	10%

Compounded Profit Growth
10 Years:	0%
5 Years:	104%
3 Years:	-6%
TTM:	-29%

Stock Price CAGR
10 Years:	4%
5 Years:	10%
3 Years:	4%
1 Year:	-32%

Return on Equity
10 Years:	5%
5 Years:	6%
3 Years:	6%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17	17	17	17	17	17	17	17	17
Reserves	128	138	145	151	158	169	169	172	181	192	206	217
	139	135	136	116	109	124	97	125	160	147	156	166
	121	99	127	129	136	332	234	118	112	107	118	123
Total Liabilities	404	389	425	414	420	642	517	432	471	464	497	523
	97	98	93	91	88	178	153	136	160	165	173	184
CWIP	1	1	1	0	0	1	0	0	0	0	4	4
Investments	1	1	1	1	1	1	1	0	0	0	0	0
	306	289	330	322	330	462	363	295	310	299	319	335
Total Assets	404	389	425	414	420	642	517	432	471	464	497	523

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35	39	22	32	29	153	33	38	94	88	74	80
	-17	-16	-8	-11	-10	-117	-9	-8	-55	-44	-44	-45
	-19	-22	-14	-21	-19	-37	-24	-30	-39	-43	-30	-35
Net Cash Flow	-1	0	0	1	-1	-1	-0	-1	0	1	1	-0
Free Cash Flow	17	23	14	21	17	34	23	38	94	88	74	80
CFO/OP	88%	98%	63%	85%	76%	262%	68%	89%	162%	136%	115%	129%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	80	77	88	68	63	113	87	72	49	56	63	54
Inventory Days	191	243	249	216	207	213	347	257	237	206	223	189
Days Payable	121	127	142	130	114	215	214	122	92	87	85	72
Cash Conversion Cycle	150	193	195	153	156	111	220	208	193	175	200	171
Working Capital Days	28	35	41	47	55	59	97	99	71	73	77	72
ROCE %	12%	10%	9%	9%	10%	9%	6%	6%	9%	9%	10%	8%

Insights

In beta

Mar 2016

Sep 2017

Sep 2018

Jun 2020

Mar 2022

Mar 2023

Mar 2024

Mar 2025

FOB value of exports of finished goods
INR Lakh

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Number of distributors
count

Number of exclusive showrooms (EBOs)
count

Number of permanent employees
count

Installed manufacturing capacity
lakh pairs per annum

Institutional segment sales volume
lakh pairs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	58.50%	58.50%	58.50%	58.50%	58.50%	58.36%	58.32%	58.32%	58.32%	58.52%	58.46%	59.10%
	0.00%	0.15%	0.00%	0.67%	0.64%	0.56%	0.68%	0.73%	0.39%	0.17%	0.18%	0.11%
	41.50%	41.35%	41.50%	40.83%	40.86%	41.08%	41.01%	40.96%	41.29%	41.30%	41.36%	40.79%
No. of Shareholders	27,575	28,828	27,829	25,183	23,290	21,328	20,693	20,949	21,081	21,561	21,434	21,548

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61.74%	61.37%	59.30%	59.30%	59.30%	59.38%	58.50%	58.50%	58.32%	59.10%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.31%	0.67%	0.73%	0.11%
	0.26%	1.20%	0.87%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.62%	0.02%	0.00%	0.00%	0.00%
	38.00%	37.43%	39.83%	39.79%	40.70%	39.85%	41.16%	40.83%	40.96%	40.79%
No. of Shareholders	19,082	18,022	22,107	24,970	28,976	30,368	26,048	25,183	20,949	21,548

* 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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Liberty Shoes Ltd

Liberty Shoes Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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