Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹323 Cr.
Stock P/E
15.5
P/B
—
Current Price
₹182.8
Book Value
₹ 0
Face Value
10
52W High
₹285
52W Low
₹ 160
Dividend Yield
0.27%

Lehar Footwears Overview

Business

Lehar Footwears Ltd. is an Indian company engaged in the manufacturing and trading of footwear. The company specializes in a range of footwear products, including sandals, slippers, and shoes for men, women, and children. It primarily caters to the mass and mid-segment market, focusing on affordability and diverse styles. The core business model involves in-house manufacturing complemented by sourcing from third-party manufacturers, followed by distribution through a network of distributors and retailers across various regions in India. The company generates revenue by selling its footwear products to wholesalers, distributors, and directly to retailers.

Revenue Mix

While specific percentage breakdowns of revenue by segment are not consistently disclosed for Lehar Footwears Ltd., its product portfolio generally includes:

Men's Footwear: Sandals, slippers, formal shoes, casual shoes.

Women's Footwear: Sandals, slippers, casual footwear.

Kids' Footwear: A range of options for children.

The company likely has a strong presence in the open footwear category (sandals, slippers) given its market positioning, alongside closed footwear. Distribution is primarily through a traditional wholesale and retail channel network.

Industry

The Indian footwear industry is large, highly fragmented, and characterized by a mix of organized and unorganized players. It's experiencing a shift towards the organized sector driven by rising disposable incomes, fashion consciousness, and e-commerce penetration. Lehar Footwears operates within the competitive mass to mid-segment, competing with numerous regional and national brands, as well as unorganized manufacturers. Its positioning appears to be focused on offering value-for-money products with a wide range of designs, likely leveraging a regional distribution strength in specific geographies rather than a pan-India dominant presence.

MOAT

Lehar Footwears' competitive advantages, typical for players in this segment, likely stem from:

Cost-Effective Manufacturing & Sourcing: Ability to produce or source footwear at competitive prices, crucial for the mass market.

Distribution Network: An established distribution network within its target regions, enabling reach to a wide customer base.

Product Variety & Design: Agility in adapting to fashion trends and offering a diverse range of styles that appeal to the mass market.

Brand Recognition (Regional): Potential for established brand recall within its specific operational territories, fostering customer loyalty.

Growth Drivers

Growing Disposable Income: Increasing middle-class population and disposable income in India drive demand for organized and branded footwear.

Shift from Unorganized to Organized: Government initiatives and changing consumer preferences are accelerating the shift from unorganized local players to organized brands.

Urbanization & Changing Lifestyles: Growing urbanization and a more fashion-conscious consumer base increase demand for modern and varied footwear styles.

Expansion of Distribution Network: Further penetration into new geographies or strengthening existing networks.

E-commerce Adoption: Leveraging online channels to reach a wider customer base beyond traditional retail.

Risks

Intense Competition: High competition from established national brands, international players, and numerous unorganized manufacturers can pressure pricing and market share.

Raw Material Price Volatility: Fluctuations in the prices of raw materials like leather, rubber, EVA, and synthetic materials can impact manufacturing costs and margins.

Changing Fashion Trends: The footwear industry is highly susceptible to rapidly changing fashion trends, requiring continuous investment in design and product development.

Economic Slowdown: Footwear, being a discretionary spend, can be affected by economic downturns, impacting consumer demand.

Supply Chain Disruptions: Reliance on external suppliers and logistics can expose the company to supply chain risks.

Brand Dilution/Counterfeiting: In the mass market, there's a risk of brand imitation and counterfeiting.

Management & Ownership

Lehar Footwears Ltd. is a promoter-driven company. The promoters and key management personnel generally have significant experience in the footwear industry. The ownership structure typically shows a substantial holding by the promoter group, indicating concentrated control and long-term commitment to the business. The day-to-day operations and strategic direction are largely influenced by the promoter family.

Outlook

Lehar Footwears operates in a growth-oriented Indian footwear market driven by favorable demographic trends and increasing consumer spending. The company's focus on the mass to mid-segment offers a large addressable market. Potential for growth lies in leveraging its manufacturing capabilities, expanding its distribution reach, and effectively catering to evolving consumer preferences. However, the company faces significant challenges from intense competition, raw material price volatility, and the need to continuously innovate and adapt to fashion trends. Its ability to scale operations efficiently while maintaining cost competitiveness and strengthening its brand appeal will be crucial for sustained growth in this dynamic sector.

Lehar Footwears Share Price

Live · BSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Lehar Footwears Quarterly Results

#(Fig in Cr.) Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012
Net Sales 8 9 8 13 12 14 14 17 15 18
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 9 9 8 13 13 14 14 18 15 18
Total Expenditure 8 8 8 12 12 13 13 16 14 17
Operating Profit 1 1 1 1 1 1 1 1 1 1
Interest 0 0 0 0 0 0 0 0 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 1 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 1 0 1 0 0 0 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 1 0 0 0 0 0 0 0 0
Adjustments 0 0 -0 -0 0 -0 -0 -0 0 0
Profit After Adjustments 0 1 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.3 0.7 0 0.3 0.2 0.3 0.2 0.2 0.1 0.3

Lehar Footwears Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 TTM
Net Sales 36 53 64
Other Income 1 1 0
Total Income 37 54 65
Total Expenditure 32 49 60
Operating Profit 4 4 4
Interest 1 1 2
Depreciation 1 1 0
Exceptional Income / Expenses -0 -0 0
Profit Before Tax 2 2 1
Provision for Tax 1 1 0
Profit After Tax 1 1 0
Adjustments 0 0 0
Profit After Adjustments 1 1 0
Adjusted Earnings Per Share 1.1 0.9 0.8

Lehar Footwears Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012
Shareholder's Funds 28 29
Minority's Interest 0 0
Borrowings 0 0
Other Non-Current Liabilities 1 1
Total Current Liabilities 16 22
Total Liabilities 46 53
Fixed Assets 10 13
Other Non-Current Assets 7 8
Total Current Assets 28 31
Total Assets 46 53

Lehar Footwears Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012
Opening Cash & Cash Equivalents 5 3
Cash Flow from Operating Activities 1 1
Cash Flow from Investing Activities -1 -4
Cash Flow from Financing Activities -2 2
Net Cash Inflow / Outflow -2 -2
Closing Cash & Cash Equivalent 3 1

Lehar Footwears Ratios

# Mar 2011 Mar 2012
Earnings Per Share (Rs) 1.08 0.86
CEPS(Rs) 1.73 1.53
DPS(Rs) 0 0
Book NAV/Share(Rs) 18.61 19.47
Core EBITDA Margin(%) 9.47 6.63
EBIT Margin(%) 10.05 6.28
Pre Tax Margin(%) 6.45 3.49
PAT Margin (%) 4.13 2.22
Cash Profit Margin (%) 6.62 3.96
ROA(%) 3.29 2.39
ROE(%) 6.01 4.51
ROCE(%) 10.32 8.82
Receivable days 117.06 102.01
Inventory Days 72.04 60.53
Payable days 64.11 55.74
PER(x) 6.41 8
Price/Book(x) 0.37 0.35
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.47 0.41
EV/Core EBITDA(x) 3.71 5.1
Net Sales Growth(%) 17.98 48.14
EBIT Growth(%) 78.16 -7.45
PAT Growth(%) 179.2 -20.32
EPS Growth(%) 176.59 -20.32
Debt/Equity(x) 0.39 0.5
Current Ratio(x) 1.74 1.44
Quick Ratio(x) 1.27 0.99
Interest Cover(x) 2.8 2.25
Total Debt/Mcap(x) 1.04 1.41

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +47% — — —
Operating Profit CAGR 0% — — —
PAT CAGR 0% — — —
Share Price CAGR -23% +3% +38% +17%
ROE Average +5% +5% +5% +5%
ROCE Average +9% +10% +10% +10%

Lehar Footwears Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 72.93 %
FII 0.26 %
DII (MF + Insurance) 0 %
Public (retail) 26.81 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 72.972.972.972.972.972.9372.9372.972.9372.93
FII 00000000.260.260.26
DII 0000000000
Public 27.127.127.127.127.127.0727.0726.8426.8126.81
Others 0000000000
Total 100100100100100100100100100100

Lehar Footwears Peer Comparison

Lehar Footwears Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Lehar Footwears Pros & Cons

Pros

  • Debtor days have improved from 64.11 to 55.74days.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
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