Lehar Footwears Ltd

Lehar Footwears Ltd

₹ 166 0.30%
03 Jul 4:01 p.m.
About

Incorporated in 1994, Lehar Footwears Ltd is a mass -footwear manufacturer and brand distribution company[1]

Key Points

Business Overview:[1][2]
LFL is an ISO 14001:2015, ISO 9001:2015 & ISO 45001:2018 certified family-owned business that provides quality rubber foot wear. It is a mass-footwear manufacturer in Rajasthan, offering non-leather footwears across India. Company deals in open footwear segment (slippers /sandals) and school shoes, with style ranges from casual wear to formal wear, daily wear to sportswear. It offers full range of other footwear products made from materials like Poly-Urethane (PU), Poly Vinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA), and Thermo Plastic Rubber (TPR) soles

  • Market Cap 293 Cr.
  • Current Price 166
  • High / Low 179 / 117
  • Stock P/E 44.6
  • Book Value 57.9
  • Dividend Yield 0.15 %
  • ROCE 9.17 %
  • ROE 6.96 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Promoter holding has increased by 1.91% over last quarter.

Cons

  • Stock is trading at 2.86 times its book value
  • Company has a low return on equity of 5.90% 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
50.63 31.14 48.98 27.40 29.96 36.51 79.57 35.65 50.39 64.73 55.63 35.75 38.06
47.56 29.02 45.63 24.93 28.40 34.39 74.99 32.59 46.33 59.42 50.43 31.83 34.32
Operating Profit 3.07 2.12 3.35 2.47 1.56 2.12 4.58 3.06 4.06 5.31 5.20 3.92 3.74
OPM % 6.06% 6.81% 6.84% 9.01% 5.21% 5.81% 5.76% 8.58% 8.06% 8.20% 9.35% 10.97% 9.83%
0.23 0.25 0.12 0.24 0.74 0.18 0.29 0.09 0.62 0.17 0.16 0.11 0.47
Interest 1.07 0.66 1.10 1.05 1.08 1.06 1.24 1.26 1.46 1.40 1.61 1.38 1.46
Depreciation 0.91 0.71 0.85 0.86 0.88 0.86 0.86 0.85 0.89 1.03 1.05 1.11 1.13
Profit before tax 1.32 1.00 1.52 0.80 0.34 0.38 2.77 1.04 2.33 3.05 2.70 1.54 1.62
Tax % 29.55% 27.00% 26.97% 23.75% 85.29% 23.68% 26.35% -5.77% 26.61% 24.59% 25.19% 32.47% 24.07%
0.93 0.74 1.10 0.61 0.06 0.29 2.04 1.09 1.71 2.29 2.02 1.03 1.22
EPS in Rs 0.68 0.54 0.80 0.45 0.04 0.21 1.49 0.80 1.09 1.40 1.24 0.63 0.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
63 71 84 93 73 75 94 95 147 137 202 194
58 65 77 83 66 65 83 87 139 128 188 176
Operating Profit 5 6 7 10 8 9 11 8 8 10 14 18
OPM % 7% 8% 8% 11% 10% 12% 11% 8% 6% 7% 7% 9%
1 1 1 0 1 0 0 1 1 1 1 1
Interest 2 2 3 4 4 5 5 5 4 4 5 6
Depreciation 1 1 1 2 2 3 3 4 4 3 3 4
Profit before tax 2 3 3 5 2 2 3 0 1 4 7 9
Tax % 36% 35% 33% 35% 38% 17% 28% 36% 29% 32% 21% 26%
1 2 2 3 1 2 2 0 1 3 5 7
EPS in Rs 1.00 1.24 1.56 2.23 0.96 1.43 1.61 0.05 0.72 1.83 3.27 3.71
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% 8% 13%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 14%
5 Years: 21%
3 Years: 88%
TTM: 30%
Stock Price CAGR
10 Years: 34%
5 Years: 54%
3 Years: 62%
1 Year: 29%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 6%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 16 18
Reserves 17 19 21 24 38 41 43 45 46 57 71 85
16 21 27 37 42 43 40 41 33 58 66 68
11 11 16 18 29 35 34 45 46 38 73 50
Total Liabilities 58 66 79 94 123 133 130 145 139 166 224 220
12 17 17 25 50 53 55 57 58 68 73 81
CWIP 1 3 7 4 0 1 -0 0 -0 0 4 -0
Investments 1 1 0 0 -0 -0 -0 -0 -0 -0 -0 -0
44 45 55 64 73 79 76 88 81 99 147 139
Total Assets 58 66 79 94 123 133 130 145 139 166 224 220

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 2 -2 1 4 9 14 6 17 -17 -2 2
-3 -4 -2 -6 -6 -7 -4 -6 -3 -2 -14 -6
3 3 5 4 1 -3 -8 -1 -14 22 15 3
Net Cash Flow -0 1 1 -0 -0 -0 2 -1 -1 3 -1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 107 87 94 121 154 143 105 128 85 106 136 97
Inventory Days 110 122 136 152 188 263 189 291 127 187 153 186
Days Payable 65 58 61 75 164 194 149 231 134 104 144 101
Cash Conversion Cycle 152 151 168 198 177 212 144 188 78 189 144 183
Working Capital Days 154 152 147 157 214 218 159 169 93 169 142 174
ROCE % 10% 10% 10% 12% 7% 7% 9% 5% 6% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.92% 67.92% 67.92% 67.92% 67.92% 68.70% 68.70% 70.82% 70.99% 70.99% 70.99% 72.90%
32.08% 32.08% 32.08% 32.08% 32.08% 31.30% 31.29% 29.19% 29.02% 29.01% 29.01% 27.10%
No. of Shareholders 3,2953,7363,8584,3284,3724,5964,5534,4704,5394,5905,5126,179

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