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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹7429 Cr.
Stock P/E
61.3
P/B
8.2
Current Price
₹243.1
Book Value
₹ 29.7
Face Value
5
52W High
₹304.5
52W Low
₹ 215.4
Dividend Yield
0.62%

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
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Campus Activewear Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 472 364 339 333 515 406 343 387 589 456
Other Income 1 3 2 3 4 5 6 5 6 6
Total Income 473 366 341 337 519 411 349 392 594 462
Total Expenditure 416 300 287 295 433 334 294 337 478 373
Operating Profit 58 66 54 42 86 77 55 55 116 89
Interest 6 4 4 4 4 6 5 6 7 6
Depreciation 18 19 16 18 19 23 20 22 22 24
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 33 44 34 20 63 48 30 27 86 59
Provision for Tax 9 11 9 5 16 13 8 7 22 15
Profit After Tax 25 33 25 14 46 35 22 20 64 44
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 25 33 25 14 46 35 22 20 64 44
Adjusted Earnings Per Share 0.8 1.1 0.8 0.5 1.5 1.1 0.7 0.7 2.1 1.4

Campus Activewear Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 464 633 711 1194 1484 1448 1593 1775
Other Income 26 36 4 2 3 5 15 23
Total Income 490 669 715 1197 1487 1453 1608 1797
Total Expenditure 407 561 596 952 1231 1237 1349 1482
Operating Profit 83 108 119 244 256 215 258 315
Interest 14 13 17 20 29 23 19 24
Depreciation 9 20 32 53 71 72 75 88
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 60 75 70 172 157 120 164 202
Provision for Tax 20 15 43 63 39 31 43 52
Profit After Tax 40 60 27 109 117 89 121 150
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 40 60 27 109 117 89 121 150
Adjusted Earnings Per Share 1.3 2 0.9 3.6 3.8 2.9 4 4.9

Campus Activewear Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 204 284 313 428 552 652 757
Minority's Interest 0 0 0 0 0 0 0
Borrowings 17 64 66 45 26 19 0
Other Non-Current Liabilities -59 -15 8 108 183 231 336
Total Current Liabilities 217 271 276 422 501 308 372
Total Liabilities 379 605 663 1002 1261 1209 1464
Fixed Assets 54 146 255 322 373 354 430
Other Non-Current Assets 91 67 12 34 94 161 271
Total Current Assets 235 391 396 646 794 695 763
Total Assets 379 605 663 1002 1261 1209 1464

Campus Activewear Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 15 1 0 24 22
Cash Flow from Operating Activities 22 -21 125 18 126 264 235
Cash Flow from Investing Activities -23 -55 -9 -34 -70 -74 -155
Cash Flow from Financing Activities 1 89 -129 16 -33 -192 -85
Net Cash Inflow / Outflow 0 13 -14 -1 24 -2 -4
Closing Cash & Cash Equivalent 2 14 1 0 24 22 17

Campus Activewear Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.34 1.99 0.88 3.57 3.84 2.93 3.97
CEPS(Rs) 1.63 2.64 1.95 5.31 6.18 5.29 6.44
DPS(Rs) 0 0 0 0 0 0 1
Book NAV/Share(Rs) 6.68 9.33 10.26 13.97 17.94 21.25 24.61
Core EBITDA Margin(%) 11.46 10.43 14.74 19.01 16.14 13.59 14.14
EBIT Margin(%) 14.86 12.83 11.11 15.03 11.79 9.23 10.61
Pre Tax Margin(%) 11.97 10.95 8.92 13.49 9.97 7.74 9.52
PAT Margin (%) 8.03 8.76 3.43 8.53 7.45 5.77 7.04
Cash Profit Margin (%) 9.75 11.65 7.54 12.69 11.98 10.41 11.42
ROA(%) 10.61 12.27 4.24 13.04 10.35 7.24 9.07
ROE(%) 20.03 24.93 9.03 29.47 24.11 14.97 17.31
ROCE(%) 22.52 21.36 18.42 36.44 27.76 20.33 25.51
Receivable days 80.1 65.08 54.5 33.25 36.05 34.69 28.22
Inventory Days 70.77 66.07 82.63 79.83 93.3 99.43 82.24
Payable days 99.25 87.48 157.67 140.08 127.48 134.37 125.07
PER(x) 0 0 0 0 86.78 73.26 58.07
Price/Book(x) 0 0 0 0 18.6 10.1 9.36
Dividend Yield(%) 0 0 0 0 0 0 0.43
EV/Net Sales(x) 0.27 0.48 0.4 0.27 6.95 4.52 4.4
EV/Core EBITDA(x) 1.51 2.82 2.4 1.33 40.27 30.43 27.15
Net Sales Growth(%) 0 36.45 12.36 67.89 24.29 -2.42 9.99
EBIT Growth(%) 0 18.89 -1.5 119.72 -3.16 -22.7 27.58
PAT Growth(%) 0 50.14 -55.45 303.88 7.91 -23.63 35.49
EPS Growth(%) 0 48.32 -55.45 303.09 7.78 -23.78 35.42
Debt/Equity(x) 0.63 0.75 0.44 0.41 0.33 0.04 0
Current Ratio(x) 1.08 1.45 1.44 1.53 1.59 2.26 2.05
Quick Ratio(x) 0.63 0.88 0.7 0.69 0.69 0.97 1.03
Interest Cover(x) 5.14 6.82 5.07 9.75 6.46 6.17 9.72
Total Debt/Mcap(x) 0 0 0 0 0.02 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +10% +10% +20%
Operating Profit CAGR +20% +2% +19%
PAT CAGR +36% +4% +15%
Share Price CAGR -19% -9%
ROE Average +17% +19% +19% +20%
ROCE Average +26% +25% +26% +25%

Campus Activewear Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 72.1 %
FII 6.07 %
DII (MF + Insurance) 11.6 %
Public (retail) 27.9 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.8873.8873.8673.8673.8472.1472.1372.1272.1172.1
FII 5.945.235.945.675.366.616.665.996.156.07
DII 7.077.89.4511.8111.411.1211.7811.8211.7111.6
Public 26.1226.1226.1426.1426.1627.8627.8727.8827.8927.9
Others 0000000000
Total 100100100100100100100100100100

Campus Activewear Peer Comparison

Campus Activewear Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Campus Activewear Pros & Cons

Pros

  • Debtor days have improved from 134.37 to 125.07days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 8.2 times its book value.
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