Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹6292 Cr.
Stock P/E
41.9
P/B
—
Current Price
₹205.8
Book Value
₹ 0
Face Value
5
52W High
₹287.9
52W Low
₹ 199.5
Dividend Yield
0.73%

Campus Activewear Overview

Business

Campus Activewear Ltd. is an Indian company engaged in the manufacturing and marketing of active lifestyle footwear. The company primarily designs, develops, and sells a wide range of footwear for men, women, and children under its flagship brand "Campus." Their core business model involves offering trendy, high-quality, and comfortable activewear and semi-activewear footwear at competitive price points, targeting the mass-premium to premium segments of the Indian market. They make money through the sale of footwear products across various channels, including multi-brand outlets (MBOs), exclusive brand outlets (EBOs), and e-commerce platforms.

Revenue Mix

Campus Activewear primarily operates as a single business segment: Footwear. However, its revenue mix can be understood through its distribution channels and product categories.

Distribution Channels: Sales are generated from Multi-Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs), and E-commerce/Online channels.

Product Categories: Revenue is derived from diverse product offerings for men, women, and kids, across various styles like sports shoes, casual shoes, sandals, and slippers. Specific percentage contributions for these internal categories are typically not disclosed in granular detail publicly, but the company focuses on a balanced growth across channels and categories.

Industry

The Indian footwear industry is large, dynamic, and characterized by a shift towards branded and active lifestyle products. While historically fragmented with a strong unorganized sector, it is gradually consolidating, with branded players gaining market share. Campus Activewear is positioned as a leading domestic active lifestyle footwear brand in India. It competes with established international brands such as Nike, Adidas, Puma, Reebok, Skechers, as well as other strong domestic players like Bata India, Relaxo Footwears, Liberty Shoes, and Paragon. Campus differentiates itself by focusing on trendy designs, product innovation, and a strong value proposition within the mid-to-premium pricing bracket, making it accessible to a wide consumer base.

MOAT

Campus Activewear possesses several competitive advantages:

Brand Recognition: "Campus" is an established and recognizable brand, particularly in the mass-premium active lifestyle segment in India, built over years of marketing and product delivery.

Extensive Distribution Network: A widespread pan-India presence through a large network of Multi-Brand Outlets (MBOs), Exclusive Brand Outlets (EBOs), and a growing online footprint ensures wide product availability.

Design and Innovation Capability: An in-house design team allows for quick adaptation to fashion trends and timely introduction of new designs, crucial in the dynamic footwear market.

Value Proposition: Ability to offer stylish and quality active footwear at competitive price points, making it an attractive option for value-conscious consumers seeking branded products.

Growth Drivers

Increasing Health & Fitness Consciousness: Growing awareness of health and wellness in India drives demand for activewear and sports footwear.

Rising Disposable Income & Urbanization: Higher discretionary spending and the expansion of urban/semi-urban markets fuel demand for branded footwear.

Expansion of Distribution: Further penetration into Tier 2 and Tier 3 cities through MBOs and EBOs, alongside growth in e-commerce channels.

Product Portfolio Expansion: Diversification into new categories (e.g., women's and kids' segments, new performance categories) and premiumization within existing offerings.

Brand Building and Marketing: Continued investment in marketing and brand endorsements to enhance brand appeal and capture mindshare.

Risks

Intense Competition: The Indian footwear market is highly competitive with both strong international and domestic players, which can put pressure on market share and margins.

Economic Downturn: As a discretionary product, demand for footwear is sensitive to economic slowdowns and changes in consumer spending patterns.

Raw Material Price Volatility: Fluctuations in prices of key raw materials (e.g., crude oil derivatives, rubber, EVA) can impact manufacturing costs and profitability.

Fashion and Trend Sensitivity: The industry is highly susceptible to rapidly changing fashion trends, requiring constant innovation and efficient inventory management to avoid obsolescence.

Supply Chain Disruptions: Dependency on specific manufacturing locations or global supply chains can lead to disruptions in production and delivery.

Counterfeiting: The prevalence of counterfeit products in the market can dilute brand value and impact sales.

Management & Ownership

Campus Activewear is a promoter-led company. The company was founded by Mr. Hari Krishna Agarwal, who along with his family, constitutes the promoter group and plays a significant role in the company's management and strategic direction. The management team has extensive experience in the footwear industry. The ownership structure includes the promoter group, institutional investors (both domestic and foreign), and the public, typical for a listed company in India.

Outlook

Campus Activewear is well-positioned to capitalize on the growing active lifestyle trend and increasing consumer spending in India. The company's established brand, extensive distribution network, and focus on design and value provide a solid foundation for future growth, particularly as it expands its reach into new geographies and product categories. However, the business operates in a highly competitive market, facing pressure from both global giants and nimble domestic players. Maintaining its design edge, managing raw material costs, adapting to evolving consumer preferences, and effectively executing its expansion strategy will be crucial for sustaining profitability and market share amidst intense competition and potential economic volatilities.

Campus Activewear Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Campus Activewear Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Mar 2022 Jun 2022
Net Sales 275 135 352 338
Other Income 0 1 0 1
Total Income 276 136 353 338
Total Expenditure 210 120 274 276
Operating Profit 66 16 79 62
Interest 4 4 6 6
Depreciation 11 11 15 15
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 50 1 57 42
Provision for Tax 40 -1 34 13
Profit After Tax 10 2 23 29
Adjustments -0 1 0 0
Profit After Adjustments 10 3 23 29
Adjusted Earnings Per Share 0.3 0 0.8 0.9

Campus Activewear Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 595 732 711 1194 1100
Other Income 2 2 4 2 2
Total Income 597 734 715 1197 1103
Total Expenditure 495 596 595 953 880
Operating Profit 102 138 120 244 223
Interest 21 17 17 20 20
Depreciation 14 23 33 53 52
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 66 99 70 171 150
Provision for Tax 28 36 43 63 86
Profit After Tax 39 62 27 108 64
Adjustments -0 -1 0 1 1
Profit After Adjustments 38 62 27 109 65
Adjusted Earnings Per Share 1.3 2 0.9 3.6 2

Campus Activewear Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 202 285 313 428
Minority's Interest -3 0 0 0
Borrowings 23 64 66 45
Other Non-Current Liabilities -38 -17 8 108
Total Current Liabilities 267 365 285 422
Total Liabilities 451 697 673 1002
Fixed Assets 100 169 256 322
Other Non-Current Assets 29 68 13 34
Total Current Assets 321 460 404 646
Total Assets 451 697 673 1002

Campus Activewear Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 2 2 15 1
Cash Flow from Operating Activities 54 99 124 18
Cash Flow from Investing Activities -29 -155 -9 -34
Cash Flow from Financing Activities -26 69 -129 16
Net Cash Inflow / Outflow 0 14 -14 -1
Closing Cash & Cash Equivalent 2 15 1 0

Campus Activewear Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 1.28 2.03 0.88 3.57
CEPS(Rs) 1.77 2.81 1.96 5.29
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 6.65 9.34 10.26 13.97
Core EBITDA Margin(%) 15.43 16.91 14.8 18.98
EBIT Margin(%) 13.5 14.31 11.11 14.99
Pre Tax Margin(%) 10.23 12.26 8.92 13.44
PAT Margin (%) 5.96 7.74 3.43 8.47
Cash Profit Margin (%) 8.17 10.61 7.6 12.64
ROA(%) 8.57 10.87 3.92 12.87
ROE(%) 19.42 25.85 9.03 29.26
ROCE(%) 23.24 25.48 17.84 36.33
Receivable days 91.23 69.4 56.46 33.25
Inventory Days 66.54 65.26 86.71 79.83
Payable days 113.06 122.68 172.86 140.38
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.29 0.46 0.4 0.27
EV/Core EBITDA(x) 1.7 2.42 2.39 1.34
Net Sales Growth(%) 0 23.06 -2.84 67.89
EBIT Growth(%) 0 31.73 -24.43 118.98
PAT Growth(%) 0 61.58 -56.93 301.14
EPS Growth(%) 0 57.93 -56.37 303.09
Debt/Equity(x) 0.88 0.86 0.44 0.41
Current Ratio(x) 1.2 1.26 1.42 1.53
Quick Ratio(x) 0.76 0.8 0.71 0.69
Interest Cover(x) 4.13 6.98 5.08 9.72
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +68% +26% — —
Operating Profit CAGR +103% +34% — —
PAT CAGR +300% +40% — —
Share Price CAGR -24% -11% — —
ROE Average +29% +21% +21% +21%
ROCE Average +36% +27% +26% +26%

Campus Activewear Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 72.08 %
FII 6.03 %
DII (MF + Insurance) 11.39 %
Public (retail) 10.5 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 73.8873.8673.8673.8472.1472.1372.1272.1172.172.08
FII 5.235.945.675.366.616.665.996.156.076.03
DII 7.89.4511.8111.411.1211.7811.8211.7111.611.39
Public 13.110.758.669.410.139.4310.0610.0310.2410.5
Others 0000000000
Total 100100100100100100100100100100

Campus Activewear Peer Comparison

Campus Activewear Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Campus Activewear Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Debtor days have improved from 172.86 to 140.38days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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