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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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Liberty Shoes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.6% | 10.7% | 7.8% | 6.1% | 6.1% | 6.1% | 5.9% | 3.7% | 4.1% | 8% | - |
| Value Creation Index ⓘ | -0.3 | -0.2 | -0.4 | -0.6 | -0.6 | -0.6 | -0.6 | -0.7 | -0.7 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 484 | 526 | 454 | 497 | 544 | 602 | 652 | 458 | 488 | 654 | 633 |
| Sales YoY Gr. | - | 8.6% | -13.6% | 9.5% | 9.4% | 10.7% | 8.3% | -29.8% | 6.5% | 34.1% | - |
| Adj EPS ⓘ | 7.9 | 10.3 | 6.5 | 4.1 | 4.1 | 4.1 | 4.4 | 0.5 | 1.4 | 7.7 | 3.5 |
| YoY Gr. | - | 29.9% | -37.3% | -36.2% | 0.2% | -1.5% | 7.6% | -88.6% | 188% | 434.7% | - |
| BVPS (₹) ⓘ | 80.7 | 85.1 | 91.1 | 94.9 | 98.8 | 102.8 | 109.2 | 109.4 | 110.9 | 116.3 | 119.9 |
| Adj Net Profit ⓘ | 13.5 | 17.6 | 11 | 7 | 7.1 | 7 | 7.5 | 0.9 | 2.5 | 13.1 | 6 |
| Cash Flow from Ops. ⓘ | 11.9 | 35.1 | 39 | 22.5 | 32.2 | 28.7 | 153 | 32.7 | 37.9 | 94 | - |
| Debt/CF from Ops. ⓘ | 9.8 | 4 | 3.5 | 6.4 | 3.6 | 3.8 | 0.8 | 3 | 1.7 | 0.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.4% | 3.8% | 0.1% | 34.1% | ||||
| Adj EPS ⓘ | -0.3% | 13.2% | 20.6% | 434.7% | ||||
| BVPSⓘ | 4.1% | 3.3% | 2.1% | 4.9% | ||||
| Share Price | 6.6% | 16.2% | 36.9% | 39.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.2 | 12.4 | 7.4 | 4.4 | 4.3 | 4 | 4.2 | 0.5 | 1.3 | 6.8 | 2.9 |
| Op. Profit Mgn % ⓘ | 8.5 | 8.1 | 9.4 | 7.7 | 7.4 | 6.9 | 9.2 | 9.3 | 8.6 | 9.2 | 8.8 |
| Net Profit Mgn % ⓘ | 2.8 | 3.3 | 2.4 | 1.4 | 1.3 | 1.2 | 1.2 | 0.2 | 0.5 | 2 | 0.9 |
| Debt to Equity ⓘ | 0.9 | 1 | 0.9 | 0.9 | 0.7 | 0.6 | 0.7 | 0.5 | 0.3 | 0.4 | - |
| Working Cap Days ⓘ | 178 | 186 | 224 | 211 | 210 | 192 | 217 | 323 | 237 | 164 | 81 |
| Cash Conv. Cycle ⓘ | 84 | 96 | 112 | 115 | 109 | 99 | 100 | 143 | 121 | 104 | 36 |
Return on Equity has increased versus last 3 years average to 2.90%
Net Profit is growing at healthy rate in last 3 years 20.60%
Sales growth has been subdued in last 3 years 0.12%
Sales growth is not so good in last 4 quarters at 4.51%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.5 | 3.8 |
| TTM Sales (₹ Cr.) | 633 | 497 |
| BVPS (₹.) ⓘ | 119.9 | 0 |
| Reserves (₹ Cr.) ⓘ | 187 | 145 |
| P/BV ⓘ | 2.59 | 0.00 |
| PE ⓘ | 90.08 | 82.96 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 216.90 / 413.05 |
| All Time Low / High (₹) | 18.65 / 444.80 |
| Market Cap (₹ Cr.) | 530 |
| Equity (₹ Cr.) | 17 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.75 | 0.75 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 484 | 526 | 454 | 497 | 544 | 602 | 652 | 458 | 488 | 654 |
| Operating Expenses ⓘ | 443 | 483 | 411 | 459 | 504 | 561 | 592 | 416 | 446 | 594 |
| Manufacturing Costs | 63 | 67 | 59 | 64 | 62 | 67 | 69 | 63 | 60 | 80 |
| Material Costs | 254 | 273 | 212 | 241 | 285 | 307 | 341 | 214 | 238 | 300 |
| Employee Cost | 56 | 63 | 65 | 74 | 75 | 82 | 89 | 71 | 80 | 102 |
| Other Costs ⓘ | 70 | 81 | 76 | 80 | 81 | 105 | 93 | 68 | 68 | 113 |
| Operating Profit ⓘ | 41 | 42 | 43 | 38 | 40 | 41 | 60 | 42 | 42 | 60 |
| Operating Profit Margin (%) | 8.5% | 8.1% | 9.4% | 7.7% | 7.4% | 6.9% | 9.2% | 9.2% | 8.6% | 9.2% |
| Other Income ⓘ | 0 | 2 | 1 | 2 | 0 | 1 | 0 | 9 | 3 | 2 |
| Interest ⓘ | 16 | 16 | 16 | 16 | 16 | 15 | 14 | 14 | 12 | 12 |
| Depreciation ⓘ | 11 | 12 | 13 | 14 | 13 | 13 | 33 | 34 | 29 | 32 |
| Exceptional Items ⓘ | 0 | -1 | -1 | 0 | -1 | 0 | 4 | -1 | 0 | 0 |
| Profit Before Tax ⓘ | 14 | 15 | 12 | 10 | 11 | 13 | 17 | 2 | 4 | 18 |
| Tax ⓘ | 1 | -2 | 2 | 4 | 4 | 7 | 7 | 2 | 2 | 5 |
| Profit After Tax | 13 | 17 | 10 | 7 | 7 | 7 | 11 | 0 | 2 | 13 |
| PAT Margin (%) | 2.8% | 3.2% | 2.2% | 1.3% | 1.2% | 1.1% | 1.6% | 0.1% | 0.5% | 2.0% |
| Adjusted EPS (₹) | 7.9 | 10.0 | 6.0 | 3.8 | 3.9 | 4.0 | 6.2 | 0.2 | 1.3 | 7.6 |
| Dividend Payout Ratio (%) | 19% | 15% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 33% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 138 | 145 | 155 | 162 | 168 | 175 | 186 | 186 | 189 | 198 |
| Share Capital ⓘ | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves ⓘ | 121 | 128 | 138 | 145 | 151 | 158 | 169 | 169 | 172 | 181 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 110 | 133 | 129 | 136 | 112 | 107 | 123 | 96 | 61 | 83 |
| Long Term Debt | 12 | 11 | 8 | 9 | 6 | 4 | 2 | 14 | 10 | 7 |
| Short Term Debt | 98 | 121 | 122 | 127 | 106 | 103 | 121 | 82 | 51 | 76 |
| Trade Payables | 82 | 91 | 74 | 94 | 102 | 96 | 201 | 125 | 79 | 76 |
| Others Liabilities ⓘ | 38 | 36 | 31 | 33 | 32 | 42 | 131 | 110 | 103 | 114 |
| Total Liabilities ⓘ | 368 | 405 | 389 | 425 | 414 | 420 | 642 | 517 | 432 | 471 |
Fixed Assets | ||||||||||
| Gross Block | 193 | 207 | 219 | 225 | 234 | 240 | 358 | 363 | 313 | 359 |
| Accumulated Depreciation | 93 | 111 | 121 | 132 | 143 | 152 | 180 | 209 | 177 | 199 |
| Net Fixed Assetsⓘ | 99 | 97 | 98 | 93 | 91 | 88 | 178 | 153 | 136 | 160 |
| CWIP ⓘ | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Inventories | 112 | 143 | 141 | 164 | 169 | 174 | 199 | 204 | 168 | 194 |
| Trade Receivables | 116 | 115 | 95 | 120 | 101 | 104 | 203 | 109 | 96 | 87 |
| Cash Equivalents | 7 | 6 | 8 | 8 | 9 | 8 | 7 | 7 | 3 | 4 |
| Others Assetsⓘ | 32 | 41 | 45 | 38 | 42 | 44 | 53 | 43 | 28 | 25 |
| Total Assets ⓘ | 368 | 405 | 389 | 425 | 414 | 420 | 642 | 517 | 432 | 471 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12 | 35 | 39 | 22 | 32 | 29 | 153 | 33 | 38 | 94 |
| PBT ⓘ | 29 | 30 | 27 | 10 | 11 | 13 | 17 | 2 | 4 | 18 |
| Adjustment ⓘ | 11 | 11 | 13 | 30 | 29 | 27 | 41 | 48 | 41 | 44 |
| Changes in Working Capital ⓘ | -26 | -2 | 2 | -15 | -6 | -9 | 99 | -16 | -5 | 38 |
| Tax Paid ⓘ | -3 | -3 | -3 | -2 | -2 | -3 | -5 | -2 | -2 | -6 |
| Cash Flow From Investing Activity ⓘ | -9 | -18 | -16 | -8 | -11 | -11 | -119 | -10 | -9 | -56 |
| Capex | -9 | -18 | -16 | -9 | -11 | -11 | -119 | -9 | -12 | -56 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 3 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -11 | -19 | -22 | -14 | -21 | -19 | -37 | -24 | -30 | -39 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4 | -1 | -4 | 2 | -5 | -4 | -3 | 12 | -1 | -3 |
| Interest Paid ⓘ | -15 | -15 | -15 | -16 | -16 | -15 | -14 | -14 | -12 | -12 |
| Dividend Paid ⓘ | 0 | -3 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | -4 |
| Others ⓘ | 0 | 0 | -1 | 0 | 0 | 0 | -20 | -21 | -17 | -19 |
| Net Cash Flow ⓘ | -8 | -1 | 0 | 1 | 1 | -1 | -3 | -1 | -1 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.11 | 12.08 | 6.8 | 4.13 | 4 | 3.98 | 5.86 | 0.13 | 1.2 | 6.67 |
| ROCE (%) | 11.73 | 11.55 | 10.03 | 8.74 | 9 | 9.95 | 10.63 | 5.65 | 6.02 | 11.1 |
| Asset Turnover Ratio | 1.39 | 1.42 | 1.19 | 1.28 | 1.31 | 1.45 | 1.23 | 0.79 | 1.05 | 1.47 |
| PAT to CFO Conversion(x) | 0.92 | 2.06 | 3.9 | 3.14 | 4.57 | 4.14 | 13.91 | N/A | 19 | 7.23 | Working Capital Days |
| Receivable Days | 77 | 77 | 81 | 76 | 73 | 62 | 86 | 124 | 75 | 50 |
| Inventory Days | 74 | 85 | 110 | 107 | 110 | 104 | 105 | 160 | 136 | 99 |
| Payable Days | 110 | 116 | 142 | 127 | 125 | 118 | 159 | 279 | 157 | 94 |
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
The company’s network
Milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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