Liberty Shoes Ltd

Liberty Shoes Ltd

₹ 372 -1.44%
14 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 635 Cr.
  • Current Price 372
  • High / Low 413 / 217
  • Stock P/E 94.3
  • Book Value 95.2
  • Dividend Yield 0.67 %
  • ROCE 8.81 %
  • ROE 4.23 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.91 times its book value
  • 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

Sector: Leather Industry: Leather / Leather Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2005 Jun 2005 Sep 2005 Dec 2005 Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007
45.19 48.74 49.18 50.18 58.88 46.34 44.78 62.64 66.36
38.57 41.15 41.15 42.03 50.63 40.24 38.57 53.43 57.59
Operating Profit 6.62 7.59 8.03 8.15 8.25 6.10 6.21 9.21 8.77
OPM % 14.65% 15.57% 16.33% 16.24% 14.01% 13.16% 13.87% 14.70% 13.22%
0.15 0.21 0.20 0.43 0.26 0.77 0.52 0.13 0.00
Interest 1.45 1.05 1.00 0.96 1.10 1.61 1.74 2.01 2.71
Depreciation 1.11 0.93 1.02 1.10 1.13 1.07 1.16 1.24 1.61
Profit before tax 4.21 5.82 6.21 6.52 6.28 4.19 3.83 6.09 4.45
Tax % 27.32% 19.93% 24.64% 23.62% 20.70% 14.32% 9.66% 24.30% 18.65%
3.06 4.56 4.62 4.98 4.88 3.49 3.36 4.61 3.52
EPS in Rs 2.85 2.03 1.99 2.71 2.07
Raw PDF

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: 6%
5 Years: 25%
3 Years: 36%
1 Year: 50%
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 191 221 197 175 173 116 103 118 102 112 132 134
ROCE % 12% 7% 5% 7% 7% 9% 8% 12% 12% 10% 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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