Liberty Shoes Ltd

₹ 201 -0.69%

13 Nov - 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 ₹ 341 Cr.
Current Price ₹ 201
High / Low ₹ 329 / 173
Stock P/E 50.7
Book Value ₹ 95.2
Dividend Yield 0.00 %
ROCE 8.81 %
ROE 4.23 %
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 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 Consumer Discretionary

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Detailed Comparison with:

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
YoY Sales growth					+30.29%	-4.92%	-8.95%	+24.83%	+12.70%
	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
Sales growth		+10%	+15%	+0%	+3%	+16%	+15%	+1%	+34%	+9%	-14%	+10%
	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:	4%
5 Years:	3%
3 Years:	-11%
1 Year:	-35%

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
Free Cash Flow	12	0	0	24	6	-10	11	20	2	17	22	12
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	106%	183%	87%	181%	79%	41%	75%	103%	35%	87%	97%	59%

Ratios

Consolidated / 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%

Insights

In beta

Mar 2016

Sep 2017

Sep 2018

Jun 2020

Mar 2022

Mar 2023

Mar 2024

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Mar 2026

FOB value of exports of finished goods
INR Lakh ・Standalone data

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Number of distributors
count ・Standalone data

Number of exclusive showrooms (EBOs)
count ・Standalone data

Number of permanent employees
count ・Standalone data

Installed manufacturing capacity
lakh pairs per annum ・Standalone data

Institutional segment sales volume
lakh pairs ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

5 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	58.50%	58.50%	58.50%	58.36%	58.32%	58.32%	58.32%	58.52%	58.46%	59.10%	59.34%	59.84%
	0.00%	0.67%	0.64%	0.56%	0.68%	0.73%	0.39%	0.17%	0.18%	0.11%	0.10%	0.09%
	41.50%	40.83%	40.86%	41.08%	41.01%	40.96%	41.29%	41.30%	41.36%	40.79%	40.56%	40.08%
No. of Shareholders	27,829	25,183	23,290	21,328	20,693	20,949	21,081	21,561	21,434	21,548	21,331	22,104

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	61.74%	61.37%	59.30%	59.30%	59.30%	59.38%	58.50%	58.50%	58.32%	59.10%	59.84%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.31%	0.67%	0.73%	0.11%	0.09%
	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%	0.00%	0.62%	0.02%	0.00%	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%	40.08%
No. of Shareholders	19,082	18,022	22,107	24,970	28,976	30,368	26,048	25,183	20,949	21,548	22,104

* 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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