Lehar Footwears Ltd - Stock Valuation and Financial Performance

BSE: 532829 | NSE: | Footwear | Small Cap

Lehar Footwears Share Price

125.50 0.00 0.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Lehar Footwears

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

ehar Footwears stock performance -

mw4me loader
P/E Ratio (SA):
29.91
Market Cap:
211 Cr.
52-wk low:
70
52-wk high:
179

Is Lehar Footwears Ltd an attractive stock to invest in?

1. Is Lehar Footwears Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lehar Footwears Ltd is a below average quality company.

2. Is Lehar Footwears Ltd undervalued or overvalued?

The key valuation ratios of Lehar Footwears Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Lehar Footwears Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lehar Footwears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Lehar Footwears:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Lehar Footwears Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.8%6.7%8.1%5%5.3%5.9%3.2%3.6%4.7%5.9%-
Value Creation
Index
-0.5-0.5-0.4-0.6-0.6-0.6-0.8-0.8-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 77.183.710073.374.69494.7147137202206
Sales YoY Gr.-8.6%19.6%-26.8%1.8%26%0.8%55.3%-6.6%47.1%-
Adj EPS 1.31.52.211.41.7-0.30.41.62.94.2
YoY Gr.-16%53.8%-56.1%43.9%20.6%-119.4%NA278.1%88.4%-
BVPS (₹) 21.923.525.725.727.729.23131.633.338.743.4
Adj Net
Profit
1.723.11.31.92.3-0.50.62.14.67
Cash Flow from Ops. 2-1.91.24.49.313.96.417.1-17.2-2.2-
Debt/CF from Ops. 10.6-15.632.69.74.72.96.51.8-3.3-30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%22.1%28.8%47.1%
Adj EPS 9.9%15.7%NA88.4%
BVPS6.5%6.9%7.7%16.5%
Share Price 35.9% 34% 74.3% 77.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.45.98.433.64.2-0.80.93.25.710.2
Op. Profit
Mgn %
7.28.210.110.312.511.38.35.77.378.9
Net Profit
Mgn %
2.22.43.11.82.62.5-0.50.41.52.33.4
Debt to
Equity
0.70.91.11.21.1110.71.31.1-
Working Cap
Days
206211212312350285298202226208125
Cash Conv.
Cycle
1181291371661561181318411311729

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.20%

Sales growth is growing at healthy rate in last 3 years 28.75%

Sales growth is good in last 4 quarters at 28.91%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.06

Latest Financials - Lehar Footwears Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 0.7
TTM Sales (₹ Cr.) 206 64.6
BVPS (₹.) 43.4 0
Reserves (₹ Cr.) 56 16
P/BV 2.90 0.00
PE 29.91 185.78
From the Market
52 Week Low / High (₹) 70.00 / 179.00
All Time Low / High (₹) 2.65 / 179.00
Market Cap (₹ Cr.) 211
Equity (₹ Cr.) 16.8
Face Value (₹) 10
Industry PE 85.3

Management X-Ray of Lehar Footwears:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Lehar Footwears

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales778410073759495147137202
Operating Expenses 72779066658387139128188
Manufacturing Costs12111715161622262531
Material Costs505560444257529987137
Employee Cost 22344577810
Other Costs 881034557710
Operating Profit 57108911881014
Operating Profit Margin (%) 7.1%8.1%10.1%10.3%12.5%11.3%8.3%5.7%7.3%7.0%
Other Income 1101011111
Interest 3344555445
Depreciation 1122334433
Exceptional Items 0000000000
Profit Before Tax 3352230147
Tax 1121010011
Profit After Tax 2231220135
PAT Margin (%) 2.2%2.6%3.1%1.8%2.6%2.3%0.1%0.7%1.8%2.5%
Adjusted EPS (₹)1.21.62.21.01.41.60.10.71.83.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 33353852545659607186
Share Capital 14141414141414141416
Reserves 19212438414345465771
Minority Interest0000000000
Debt21273539403739275259
Long Term Debt291010989141415
Short Term Debt19182529312930133844
Trade Payables9111220222333352554
Others Liabilities 46812161414181825
Total Liabilities 667994123133130145140166224

Fixed Assets

Gross Block242535596570768193101
Accumulated Depreciation78109121519232528
Net Fixed Assets17172550535557586873
CWIP 3740100004
Investments 1000000000
Inventories18232523302941344557
Trade Receivables17223131292733354075
Cash Equivalents 1211132155
Others Assets987191817121199
Total Assets 667994123133130145140166224

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2-214914617-17-2
PBT 3352230147
Adjustment 3466788878
Changes in Working Capital -3-8-8-3-03-18-27-15
Tax Paid -1-1-1-10-1-100-1
Cash Flow From Investing Activity -4-2-6-6-7-4-6-3-2-14
Capex -6-1-10-10-7-4-3-5-3-12
Net Investments 0100000000
Others 2-24400-320-2
Cash Flow From Financing Activity 3541-3-8-1-142215
Net Proceeds from Shares 00000000013
Net Proceeds from Borrowing 2820-1-10711
Interest Paid -3-3-4-4-5-5-5-4-4-5
Dividend Paid 0000000000
Others 4-1652-23-17256
Net Cash Flow 110002-1-13-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.846.919.073.725.355.660.162.285.659.66
ROCE (%)10.6910.7312.538.378.699.736.416.879.0210.26
Asset Turnover Ratio1.241.161.160.730.610.730.711.060.921.06
PAT to CFO Conversion(x)1-10.3344.57INF17-5.67-0.4
Working Capital Days
Receivable Days8484951421401061138397101
Inventory Days7491881101241131329210390
Payable Days606370133182147197126126106

Lehar Footwears Ltd Stock News

Lehar Footwears Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Lehar Footwears on 28-Mar-2024 16:01 is ₹125.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Lehar Footwears stood at ₹211.0.
The latest P/E ratio of Lehar Footwears as of 28-Mar-2024 16:01 is 29.91.
The latest P/B ratio of Lehar Footwears as of 28-Mar-2024 16:01 is 2.90.
The 52-week high of Lehar Footwears is ₹179.0 and the 52-week low is ₹70.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Lehar Footwears is ₹206.5 ( Cr.) .

About Lehar Footwears Ltd

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.
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