Liberty Shoes Ltd

Liberty Shoes Ltd

₹ 369 -2.29%
21 Jun - close price
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 628 Cr.
  • Current Price 369
  • High / Low 413 / 217
  • Stock P/E 42.7
  • Book Value 123
  • Dividend Yield 0.68 %
  • ROCE 9.45 %
  • ROE 7.23 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.01 times its book value
  • The company has delivered a poor sales growth of 1.12% over past five years.
  • Company has a low return on equity of 5.17% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
162.43 97.64 111.70 151.90 126.57 161.22 168.51 158.52 166.07 143.36 171.79 152.08 169.64
139.43 89.89 101.63 135.13 115.94 143.97 150.86 145.28 152.47 127.70 156.29 141.42 144.30
Operating Profit 23.00 7.75 10.07 16.77 10.63 17.25 17.65 13.24 13.60 15.66 15.50 10.66 25.34
OPM % 14.16% 7.94% 9.02% 11.04% 8.40% 10.70% 10.47% 8.35% 8.19% 10.92% 9.02% 7.01% 14.94%
-0.40 0.07 -0.01 -0.04 -0.02 -0.01 0.06 -0.09 -0.08 0.03 -0.04 0.07 -4.59
Interest 3.93 3.55 2.88 3.29 2.49 2.80 2.55 3.36 3.37 3.64 4.02 2.76 3.17
Depreciation 9.58 7.34 7.29 7.29 7.13 6.88 7.12 7.31 10.38 7.52 7.66 7.73 10.85
Profit before tax 9.09 -3.07 -0.11 6.15 0.99 7.56 8.04 2.48 -0.23 4.53 3.78 0.24 6.73
Tax % 23.21% 0.00% 0.00% 18.86% 57.58% 27.51% 26.99% 25.40% -26.09% 26.27% 30.42% 25.00% 25.85%
6.98 -3.06 -0.11 5.00 0.42 5.47 5.88 1.85 -0.29 3.35 2.64 0.18 4.98
EPS in Rs 4.10 -1.80 -0.06 2.93 0.25 3.21 3.45 1.09 -0.17 1.97 1.55 0.11 2.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
336 484 526 454 497 546 602 652 458 488 654 637
309 443 482 411 457 505 561 592 407 443 593 570
Operating Profit 27 41 44 43 40 40 41 60 51 45 62 67
OPM % 8% 8% 8% 9% 8% 7% 7% 9% 11% 9% 9% 11%
0 0 -0 -1 0 -0 0 5 -0 -0 -0 -5
Interest 12 16 16 16 16 16 15 14 14 12 12 14
Depreciation 8 11 12 14 14 13 13 33 34 29 32 34
Profit before tax 7 14 15 12 10 11 13 17 2 4 18 15
Tax % -2% 5% -14% 18% 36% 39% 49% 39% 89% 44% 28% 27%
7 13 17 10 7 7 7 11 0 2 13 11
EPS in Rs 4.21 7.86 10.01 5.99 3.84 3.87 4.01 6.21 0.15 1.31 7.58 6.55
Dividend Payout % 0% 19% 15% 0% 0% 0% 0% 0% 0% 190% 33% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: 12%
TTM: -3%
Compounded Profit Growth
10 Years: 1%
5 Years: 16%
3 Years: 262%
TTM: 12%
Stock Price CAGR
10 Years: 5%
5 Years: 27%
3 Years: 32%
1 Year: 57%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 139 121 128 138 145 151 158 169 169 172 181 192
105 117 139 135 136 116 109 124 97 125 160 147
94 114 121 99 127 129 136 332 234 118 112 107
Total Liabilities 355 368 404 389 425 414 420 642 517 432 471 464
87 99 97 98 93 91 88 178 153 136 160 165
CWIP 0 0 1 1 1 0 0 1 0 0 0 0
Investments 26 1 1 1 1 1 1 1 1 0 0 0
241 267 306 289 330 322 330 462 363 295 310 299
Total Assets 355 368 404 389 425 414 420 642 517 432 471 464

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 12 35 39 22 32 29 153 33 38 94 88
-18 -9 -17 -16 -8 -11 -10 -117 -9 -8 -55 -44
-8 -11 -19 -22 -14 -21 -19 -37 -24 -30 -39 -43
Net Cash Flow 1 -8 -1 0 0 1 -1 -1 -0 -1 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 87 80 77 88 68 63 113 87 72 49 56
Inventory Days 194 162 191 243 249 216 207 213 347 257 237 190
Days Payable 150 118 121 127 142 130 114 215 214 122 92 80
Cash Conversion Cycle 149 131 150 193 195 153 156 111 220 208 193 166
Working Capital Days 131 102 113 133 135 118 117 126 162 140 115 113
ROCE % 8% 12% 12% 10% 9% 9% 10% 9% 6% 6% 9%

Shareholding Pattern

Numbers in percentages

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.

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

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