Liberty Shoes Ltd
Incorporated in 1954, Liberty Shoes manufactures and trades footwear, accessories and lifestyle products through its retail, ecommerce and wholesale network[1]
- Market Cap ₹ 472 Cr.
- Current Price ₹ 277
- High / Low ₹ 475 / 210
- Stock P/E 70.1
- Book Value ₹ 95.2
- Dividend Yield 0.00 %
- ROCE 8.81 %
- ROE 4.23 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.85 times its book value
- 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 6.87% over past five years.
- Company has a low return on equity of 7.80% over last 3 years.
- Dividend payout has been low at 5.04% of profits 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 Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 206 | 226 | 260 | 260 | 268 | 311 | 357 | 362 | 484 | 526 | 454 | 497 | |
| 175 | 199 | 241 | 244 | 246 | 287 | 326 | 332 | 443 | 482 | 411 | 458 | |
| Operating Profit | 31 | 27 | 19 | 17 | 22 | 24 | 31 | 30 | 41 | 44 | 43 | 39 |
| OPM % | 15% | 12% | 7% | 6% | 8% | 8% | 9% | 8% | 8% | 8% | 9% | 8% |
| 1 | 2 | 8 | 0 | 0 | 0 | -4 | -0 | 0 | -0 | -1 | 0 | |
| Interest | 5 | 9 | 15 | 15 | 10 | 10 | 14 | 14 | 16 | 16 | 16 | 16 |
| Depreciation | 4 | 5 | 8 | 8 | 8 | 9 | 10 | 10 | 11 | 12 | 14 | 14 |
| Profit before tax | 23 | 14 | 4 | -6 | 4 | 6 | 4 | 5 | 14 | 15 | 12 | 10 |
| Tax % | 21% | 18% | 14% | -3% | 3% | -0% | -10% | -2% | 5% | -14% | 18% | 36% |
| 18 | 12 | 4 | -6 | 4 | 6 | 4 | 5 | 13 | 17 | 10 | 6 | |
| EPS in Rs | 10.77 | 6.74 | 2.35 | -3.09 | 2.55 | 3.63 | 2.57 | 3.16 | 7.79 | 9.93 | 5.90 | 3.75 |
| Dividend Payout % | 46% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 19% | 15% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 1% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 0% |
| 3 Years: | -21% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 3% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 63 | 78 | 91 | 86 | 104 | 115 | 115 | 120 | 121 | 129 | 139 | 145 |
| 72 | 136 | 134 | 121 | 99 | 110 | 105 | 115 | 117 | 139 | 135 | 143 | |
| 44 | 67 | 68 | 84 | 60 | 87 | 96 | 100 | 114 | 121 | 100 | 121 | |
| Total Liabilities | 196 | 298 | 311 | 308 | 280 | 329 | 332 | 352 | 369 | 406 | 391 | 426 |
| 52 | 88 | 103 | 101 | 94 | 102 | 103 | 110 | 99 | 97 | 98 | 93 | |
| CWIP | 1 | 9 | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 142 | 202 | 206 | 207 | 186 | 226 | 229 | 241 | 270 | 308 | 291 | 332 | |
| Total Assets | 196 | 298 | 311 | 308 | 280 | 329 | 332 | 352 | 369 | 406 | 391 | 426 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 45 | 14 | 30 | 16 | 8 | 21 | 30 | 12 | 35 | 39 | 21 | |
| -15 | -49 | -13 | -5 | -3 | -16 | -9 | -18 | -8 | -17 | -16 | -8 | |
| -12 | 6 | -1 | -25 | -14 | 7 | -20 | -10 | -11 | -19 | -22 | -12 | |
| Net Cash Flow | -0 | 2 | -0 | 0 | -1 | -2 | -8 | 2 | -8 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 88 | 120 | 107 | 107 | 85 | 73 | 73 | 80 | 87 | 80 | 77 | 88 |
| Inventory Days | 232 | 313 | 255 | 232 | 225 | 248 | 219 | 236 | 162 | 191 | 243 | 249 |
| Days Payable | 54 | 158 | 126 | 165 | 98 | 165 | 144 | 150 | 118 | 121 | 127 | 142 |
| Cash Conversion Cycle | 266 | 275 | 235 | 175 | 211 | 155 | 148 | 166 | 131 | 150 | 193 | 195 |
| Working Capital Days | 191 | 221 | 197 | 175 | 173 | 6 | 7 | 18 | 28 | 28 | 35 | 41 |
| ROCE % | 12% | 7% | 5% | 7% | 7% | 9% | 8% | 12% | 12% | 10% | 9% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The 3Rd Quarter And Nine Months Ended December 31, 2025
4 Feb - Board meeting on 13 Feb 2026 to approve unaudited Q3 and nine-month results ended Dec 31, 2025; trading window closed.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
22 Jan - Certificate under Reg. 74(5) of SEBI (DP) Regulations 2018 for the Quarter ended 31.12.2025
-
Closure of Trading Window
31 Dec 2025 - Trading window closed Jan 1, 2026 until 48 hours after unaudited Q3/9M results for period ended Dec 31, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
20 Dec 2025 - CARE reaffirms Liberty Shoes' facilities: Short-term CARE A2; Long-term CARE BBB+ (Stable), announced 19-Dec-2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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.