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10 Yrs X-Ray 
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Analyst Note 
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About
Liberty Shoes Ltd (LIBERTSHOE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526596 NSE: LIBERTSHOE Footwear | Small Cap | Liberty Shoes Share Price
₹211 2.00 (0.96%)
As on 15-Oct'26 16:59
Liberty Shoes Ltd (LIBERTSHOE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526596 NSE: LIBERTSHOE Footwear | Small Cap | Liberty Shoes Share Price
₹211 2.00 (0.96%)
As on 15-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹360 Cr.
Current Price
₹211
52-Week Low / High
₹208 / 343
TTM EPS
₹5
TTM Sales
₹737 Cr.
Book Value per Share
₹137.6
P/E Ratio
42.07
In line with its 5-year historical median
Industry PE
42.2
Price to Book (P/B)
1.53
Lower than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
6.96
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.90%
Outperforms industry median
Return on Capital Employed (ROCE)
10.14%
Outperforms industry median
Return on Assets (ROA)
2.20%
Operating Profit Margin
8.5%
Net Profit Margin
1.51%
Gross Profit Margin
6.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.55%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.67%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.48%
Asset Quality
Promoter Holding
59.33%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹217 Cr.
Equity
₹17 Cr.
Face Value
₹10
All Time Low / High
₹18.65 / 569.75
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Liberty Shoes Ltd a good quality company?
Liberty Shoes Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Liberty Shoes Ltd performance compare with that of its Peers?
Revenue growth of Liberty Shoes Ltd vs industry peers?
Liberty Shoes Ltd revenue CAGR is 10.07%, compared to the industry median CAGR of 1.38%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Liberty Shoes Ltd?
Promoters hold 59.33% of the Liberty Shoes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Liberty Shoes Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.3% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Liberty Shoes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.7% | 9% | 10% | 10.6% | 5.7% | 6% | 11.1% | 10.2% | 11.8% | 10.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.3 | -0.2 | -0.6 | -0.6 | -0.2 | -0.3 | -0.2 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 497 | 544 | 602 | 652 | 458 | 488 | 654 | 637 | 675 | 740 | 737 |
| Sales YoY Gr. | - | 9.4% | 10.7% | 8.3% | -29.8% | 6.5% | 34.1% | -2.7% | 6.1% | 9.6% | - |
| Adj EPS ⓘ | 4.1 | 4.1 | 4.1 | 4.4 | 0.5 | 1.4 | 7.7 | 8.6 | 9.1 | 6.5 | 5 |
| YoY Gr. | - | 0.2% | -1.5% | 7.6% | -88.6% | 188% | 434.7% | 11.2% | 6.2% | -28.4% | - |
| BVPS (₹) ⓘ | 94.9 | 98.8 | 102.8 | 109.2 | 109.4 | 110.9 | 116.3 | 122.7 | 130.6 | 137.2 | 137.6 |
| Adj Net Profit ⓘ | 7 | 7.1 | 7 | 7.5 | 0.9 | 2.5 | 13.1 | 14.6 | 15.5 | 11.1 | 9 |
| Cash Flow from Ops. ⓘ | 22.5 | 32.2 | 28.7 | 153 | 32.7 | 37.9 | 94 | 88.2 | 74.5 | 79.8 | - |
| Debt/CF from Ops. ⓘ | 6.4 | 3.6 | 3.8 | 0.8 | 3 | 1.7 | 0.9 | 0.8 | 1 | 1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 10.1% | 4.2% | 9.6% | ||||
| Adj EPS ⓘ | 5.2% | 67.1% | -5.4% | -28.4% | ||||
| BVPSⓘ | 4.2% | 4.6% | 5.7% | 5.1% | ||||
| Share Price | 2.3% | 3.2% | -12.5% | -36.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.4 | 4.3 | 4 | 4.2 | 0.5 | 1.3 | 6.8 | 7.2 | 7.2 | 4.9 | 3.7 |
| Op. Profit Mgn % ⓘ | 7.7 | 7.4 | 6.9 | 9.2 | 9.3 | 8.6 | 9.2 | 10.3 | 10.1 | 8.5 | 8.4 |
| Net Profit Mgn % ⓘ | 1.4 | 1.3 | 1.2 | 1.2 | 0.2 | 0.5 | 2 | 2.3 | 2.3 | 1.5 | 1.2 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.6 | 0.7 | 0.5 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 211 | 210 | 192 | 217 | 323 | 237 | 164 | 168 | 159 | 153 | 77 |
| Cash Conv. Cycle ⓘ | 115 | 109 | 99 | 100 | 143 | 121 | 104 | 105 | 104 | 101 | 35 |
Valuation of Liberty Shoes - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 497 | 544 | 602 | 652 | 458 | 488 | 654 | 637 | 675 | 740 |
| Operating Expenses ⓘ + | 459 | 504 | 561 | 592 | 416 | 446 | 594 | 572 | 607 | 677 |
| Operating Profit ⓘ | 38 | 40 | 41 | 60 | 42 | 42 | 60 | 65 | 68 | 63 |
| Operating Profit Margin (%) | 7.7% | 7.4% | 6.9% | 9.2% | 9.2% | 8.6% | 9.2% | 10.3% | 10.1% | 8.5% |
| Other Income ⓘ + | 2 | 0 | 1 | 0 | 9 | 3 | 2 | 2 | 1 | 2 |
| Interest ⓘ | 16 | 16 | 15 | 14 | 14 | 12 | 12 | 14 | 13 | 16 |
| Depreciation ⓘ | 14 | 13 | 13 | 33 | 34 | 29 | 32 | 34 | 33 | 34 |
| Profit Before Tax ⓘ | 10 | 11 | 13 | 17 | 2 | 4 | 18 | 15 | 21 | 15 |
| Tax ⓘ | 4 | 4 | 7 | 7 | 2 | 2 | 5 | 4 | 7 | 4 |
| Profit After Tax | 7 | 7 | 7 | 11 | 0 | 2 | 13 | 11 | 14 | 11 |
| PAT Margin (%) | 1.3% | 1.2% | 1.1% | 1.6% | 0.1% | 0.5% | 2.0% | 1.8% | 2.0% | 1.5% |
| Adjusted EPS (₹) | 3.8 | 3.9 | 4.0 | 6.2 | 0.2 | 1.3 | 7.6 | 6.6 | 8.0 | 6.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 33% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 162 | 168 | 175 | 186 | 186 | 189 | 198 | 209 | 223 | 234 | |
| Debt + | 136 | 112 | 107 | 123 | 96 | 61 | 83 | 69 | 73 | 78 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 94 | 102 | 96 | 201 | 125 | 79 | 76 | 67 | 66 | 69 | |
| Others Liabilities ⓘ | 33 | 32 | 42 | 131 | 110 | 103 | 114 | 119 | 135 | 143 | |
| Total Liabilities ⓘ | 425 | 414 | 420 | 642 | 517 | 432 | 471 | 464 | 497 | 523 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 93 | 91 | 88 | 178 | 153 | 136 | 160 | 165 | 173 | 184 | |
| CWIP ⓘ | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 4 | |
| Investments ⓘ | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 164 | 169 | 174 | 199 | 204 | 168 | 194 | 158 | 174 | 181 | |
| Trade Receivables | 120 | 101 | 104 | 203 | 109 | 96 | 87 | 98 | 116 | 109 | |
| Cash Equivalents | 8 | 9 | 8 | 7 | 7 | 3 | 4 | 7 | 5 | 6 | |
| Others Assets ⓘ | 38 | 42 | 44 | 53 | 43 | 28 | 25 | 36 | 24 | 39 | |
| Total Assets ⓘ | 425 | 414 | 420 | 642 | 517 | 432 | 471 | 464 | 497 | 523 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 22 | 32 | 29 | 153 | 33 | 38 | 94 | 88 | 74 | 80 |
| Cash Flow From Investing Activity ⓘ + | -8 | -11 | -11 | -119 | -10 | -9 | -56 | -44 | -44 | -45 |
| Cash Flow From Financing Activity ⓘ + | -14 | -21 | -19 | -37 | -24 | -30 | -39 | -43 | -30 | -35 |
| Net Cash Flow ⓘ | 1 | 1 | -1 | -3 | -1 | -1 | -0 | 1 | 0 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.13 | 4 | 3.98 | 5.86 | 0.13 | 1.2 | 6.67 | 5.48 | 6.28 | 4.9 |
| ROCE (%) | 8.74 | 9 | 9.95 | 10.63 | 5.65 | 6.02 | 11.1 | 10.23 | 11.81 | 10.14 |
| Asset Turnover Ratio | 1.28 | 1.31 | 1.45 | 1.23 | 0.79 | 1.05 | 1.47 | 1.39 | 1.45 | 1.5 |
| PAT to CFO Conversion(x) | 3.14 | 4.57 | 4.14 | 13.91 | N/A | 19 | 7.23 | 8 | 5.29 | 7.27 |
| Working Capital Days | ||||||||||
| Receivable Days | 75.60 | 73.30 | 62.20 | 85.80 | 124 | 74.90 | 50.30 | 52 | 55.90 | 53.50 |
| Inventory Days | 107 | 110.50 | 104.20 | 104.50 | 160.40 | 135.90 | 99.30 | 99 | 87.10 | 84.60 |
| Payable Days | 126.80 | 125.30 | 117.70 | 158.90 | 278.80 | 156.80 | 94.40 | 92.50 | 85.10 | 75.90 |
Top 5 Mutual Funds Holding
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Liberty Shoes Ltd FAQs
The current trading price of Liberty Shoes on 15-Oct-2026 16:59 is ₹211.0.
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 14-Oct-2026 the market cap of Liberty Shoes stood at ₹359.5 Cr
The latest P/E ratio of Liberty Shoes as of 14-Oct-2026 is 42.07.
The latest P/B ratio of Liberty Shoes as of 14-Oct-2026 is 1.53.
The 52-week high of Liberty Shoes is ₹342.9 and the 52-week low is ₹208.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Liberty Shoes is ₹737 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Liberty Shoes Ltd is a average quality company.
The key valuation ratios of Liberty Shoes Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Liberty Shoes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Liberty Shoes Ltd
Liberty Shoes Limited has been fashioning footwear for well over many years for the style conscious people around the globe. It has a perfect pair for every member of the family. From school shoes to sports shoes, from ballerinas to comfortable slips-ons, from corporate formals to relaxed casuals providing the widest range of footwear options to the consumer. Besides footwear it also create a range of accessories like shoe care products, back packs, belts, wallets, travel bags and handbags for women.
It is family footwear brand with sub brands that cater to niche emotions for the family. The segregation is catering to individual markets that have a sizeable consumer base. It is a fashionable brand for the middle class. Its focus on delivering high quality and comfortable footwear has illustrated a challenging growth rate over the years.
Business area of the company
The company is engaged in the business of manufacturing and trading of footwear, accessories and lifestyle products through its retail, e-commerce and wholesale network.
Brands
- AHA
- Coolers
- Footfun
- Force10
- Fortune
- Gliders
- Healers
- leap7x
- Prefect
- Senorita
The company’s network
- Liberty Exclusive Showrooms
- Multi-Brand Outlets
- Liberty Factory Price Stores
- Liberty Online Store
- Export Market
- Institutional Sales
Milestones
- 1954: 4 pairs a day manufactured in a small shop.
- 1964: Brand Liberty was born. With its first export order it geared up to excite the global footwear market.
- 1982: With its first factory Liberty brought world class products to domestic market.
- 1995: With 10 Sub Brands serving all kinds of consumers. Liberty became the favorite Indian footwear brand.
- 2003: With consumer centric strategy Liberty started serving customers.
- 2010: Revolutionized its supply chain for excellent manufacturing strength.
- 2014: 40 new showrooms opened across India with focus on South India.
- 2015: Liberty established 30 franchise store and 20 COCO stores while strengthening logistics and technology used and reaching out to the customers digitally as well.
- 2016: Liberty shoes is persistently expanding its reach into Tier 2 and Tier 3 cities and penetrating into the untapped potential markets.
- 2017: Launch of Healers.
- 2018: Launch of Leap 7x.
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