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Lehar Footwears Ltd Stock Analysis

Small Cap
Evaluated by 160 users | BSE: 532829 | NSE: |
Footwear
Lawreshwar Polymers (LPL) was originally incorporated as Lawreshwar Polymers Private Limited on March 31, 1994 with Registrar of Companies,Rajasthan and was subsequently converted into Public Limited Company with effect from May 27, 1996 and consequently the name of the Company was changed to...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.01%6.56%5.9%6.68%6.82%6.7%8.08%5.03%5.33%5.85%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 30.235.752.868.577.183.710073.374.694
Y-o-Y Gr. Rt.-18%48.1%29.7%12.6%8.6%19.6%-26.8%1.8%26%
Adjusted EPS (Rs.) -0.381.10.91.041.251.452.230.981.411.7
Y-o-Y Gr. Rt.-NA-18.2%15.6%20.2%16%53.8%-56.1%43.9%20.6%
Book Value per Share (Rs.) 17.3818.7919.6820.6821.9323.4725.7325.6927.7429.19
Adjusted Net Profit -0.51.51.21.41.723.11.31.92.3
Net Op. Cash Flow (Rs. Cr.) 4.10.90.5-0.12-1.91.24.49.313.9
Debt to Cash Flow from Ops 2.328.7623.01-182.5510.58-15.5632.559.664.652.89
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Lehar Footwears Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.4%4.1%-2.1%26%
Adjusted EPS NA6.3%-8.7%20.6%
Book Value per Share 5.95.94.35.2
Share Price 14.4% -11% -19.3% 11.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -1.965.414.244.665.365.858.392.993.644.19
Operating Profit Margin (%) 0.799.486.696.867.158.1710.0710.3112.4711.25
Net Profit Margin (%) -1.734.212.342.072.222.363.051.832.592.48
Debt to Equity 0.40.30.40.570.720.911.061.211.131
Working Capital Days 316295236215206211212312350285
Cash Conversion Cycle 155148125115118129137166156118
Entity Percentage Holding
Promoters 67.41%
Non-Institutions 32.59%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Lehar Footwears Ltd's performance infers:

Lehar Footwears Ltd earnings have grown by 6.3%, whereas share price has depreciated -11% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Lehar Footwears Ltd share prices over the last 10 years. Here is what we found out:

Lehar Footwears Ltd share price has depreciated 12.7% annually over the past ten years.

Lawreshwar Polymers (LPL) was originally incorporated as Lawreshwar Polymers Private Limited on March 31, 1994 with Registrar of Companies,Rajasthan and was subsequently converted into Public Limited Company with effect from May 27, 1996 and consequently the name of the Company was changed to Lawreshwar Polymers Limited. The Company is promoted by Raj Kumar Agarwal along with Mohan Lal Agarwal and Naresh Agarwal.

The company was established with the object of manufacturing of canvas

Lawreshwar Polymers (LPL) was originally incorporated as Lawreshwar Polymers Private Limited on March 31, 1994 with Registrar of Companies,Rajasthan and was subsequently converted into Public Limited Company with effect from May 27, 1996 and consequently the name of the Company was changed to Lawreshwar Polymers Limited. The Company is promoted by Raj Kumar Agarwal along with Mohan Lal Agarwal and Naresh Agarwal.

The company was established with the object of manufacturing of canvas shoes, lightweight hawai chappals & EVA Injection footwear.

The company commenced its production on  May 11, 1995 with an installed capacity of 45 Lac pairs per annum and within a span of one year it had been successful in achieving envisaged results and able to establish an effective sales network in Rajasthan as well as other states. The company has successfully established its brand name “Lehar” in the market within a very short period.

At present the company is having an annual installed capacity of 75 Lac pairs of Hawai Chappals, 12 Lac pairs of Canvas shoes and 9.87 Lac pairs of EVA Injected footwear. The company manufactures a variety of footwear like light weight fancy slippers, PVC and TPR footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. The company is proposing to diversify its product line by manufacturing of PU Sole Footwear and intend to expand the present EVA manufacturing facilities.

The company has installed machines of latest technology and other devices to make most efficient use of available resources as well as to maintain high standards of footwear manufacturing.

Product range of the company includes:

  • Hawai Chappal
  • Ballerina
  • School Shoes
  • Ewa Footwear
  • Fabricated Sandals
  • Fabricated Footwear

Milestones

  • 1994  Incorporated as a Private Limited Company
  • 1995  Started commercial production of footwear
  •  1996  Converted into a Public Limited Company 
  •  1996  First expansion cum diversification project for manufacturing canvas shoes and light weight hawai chappals and commenced the commercial production of diversified range
  • 2003  Installed a fully automatated computerized EVA Injection footwear plant having capacity of about 9.87 Lac pairs per annum of EVA Injected moulded slippers

Awards & Achievements:

  • 1997  Awarded the Rajasthan Udyog Shree Award for manufacturing high quality shoes and chappals by the Government of Rajasthan
  • 2002  Received the National Award from Ministry of Small Scale Industry for small Scale entrepreneurs for the Year 2000
  • 2004  The Company was certified as ISO: 9001 and ISO: 14001
  • 2005  Received the National Award from Ministry of Small Scale Industry for Quality products in SSI Sector for the Year 2003.
  • 2005  Received the National Award from Ministry of Small Scale Industry for Small Scale Entrepreneurs for the Year 2003.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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