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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Liberty Shoes Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:15 am

Market Cap 867 Cr.
Current Price 509
High / Low 570/244
Stock P/E54.4
Book Value 126
Dividend Yield0.00 %
ROCE9.45 %
ROE7.21 %
Face Value 10.0
PEG Ratio-4.93

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Liberty Shoes Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Campus Activewear Ltd 8,757 Cr. 287 372/21390.0 22.70.00 %16.7 %14.9 % 5.00
AKI India Ltd 125 Cr. 14.2 32.5/13.9122 7.260.00 %5.82 %3.65 % 2.00
Relaxo Footwears Ltd 15,606 Cr. 627 950/62586.2 80.80.48 %13.9 %10.5 % 1.00
Liberty Shoes Ltd 867 Cr. 509 570/24454.4 1260.00 %9.45 %7.21 % 10.0
Khadim India Ltd 669 Cr. 364 445/281113 1360.00 %7.80 %2.87 % 10.0
Industry Average7,212.67 Cr523.8785.8781.130.23%12.06%9.82%5.50

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales147.41162.4397.64111.70151.90126.57161.22168.51158.52166.07143.36171.79152.08
Expenses129.92139.4389.89101.63135.13115.94143.97150.86145.28152.47127.70156.29141.42
Operating Profit17.4923.007.7510.0716.7710.6317.2517.6513.2413.6015.6615.5010.66
OPM %11.86%14.16%7.94%9.02%11.04%8.40%10.70%10.47%8.35%8.19%10.92%9.02%7.01%
Other Income0.15-0.400.07-0.01-0.04-0.02-0.010.06-0.09-0.080.03-0.040.07
Interest3.593.933.552.883.292.492.802.553.363.373.644.022.76
Depreciation8.289.587.347.297.297.136.887.127.3110.387.527.667.73
Profit before tax5.779.09-3.07-0.116.150.997.568.042.48-0.234.533.780.24
Tax %0.00%23.21%0.00%0.00%18.86%57.58%27.51%26.99%25.40%-26.09%26.27%30.42%25.00%
Net Profit5.776.98-3.06-0.115.000.425.475.881.85-0.293.352.640.18
EPS in Rs3.394.10-1.80-0.062.930.253.213.451.09-0.171.971.550.11

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales333336484526454497546602652458488654633
Expenses303309443482411457505561592407443593578
Operating Profit29274144434040416051456255
OPM %9%8%8%8%9%8%7%7%9%11%9%9%9%
Other Income-300-0-10-005-0-0-0-0
Interest12121616161616151414121214
Depreciation781112141413133334293233
Profit before tax771415121011131724188
Tax %-6%-2%5%-14%18%36%39%49%39%89%44%28%
Net Profit871317107771102136
EPS in Rs4.484.217.8610.015.993.843.874.016.210.151.317.583.46
Dividend Payout %0%0%19%15%0%0%0%0%0%0%190%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212022-2023
YoY Net Profit Growth (%)-12.50%85.71%30.77%-41.18%-30.00%0.00%0.00%57.14%-100.00%550.00%
Change in YoY Net Profit Growth (%)0.00%98.21%-54.95%-71.95%11.18%30.00%0.00%57.14%-157.14%650.00%

Liberty Shoes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:12%
TTM:2%
Compounded Profit Growth
10 Years:1%
5 Years:16%
3 Years:262%
TTM:105%
Stock Price CAGR
10 Years:7%
5 Years:31%
3 Years:49%
1 Year:81%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:5%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital17171717171717171717171717
Reserves139121128138145151158169169172181192198
Borrowings10511713913513611610912497125160147111
Other Liabilities9411412199127129136332234118112107137
Total Liabilities355368404389425414420642517432471464462
Fixed Assets87999798939188178153136160165160
CWIP0011100100002
Investments26111111110000
Other Assets241267306289330322330462363295310299300
Total Assets355368404389425414420642517432471464462

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2712353922322915333389488
Cash from Investing Activity +-18-9-17-16-8-11-10-117-9-8-55-44
Cash from Financing Activity +-8-11-19-22-14-21-19-37-24-30-39-43
Net Cash Flow1-8-1001-1-1-0-101

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow29.00-78.00-76.00-95.00-92.00-96.00-76.00-68.00-64.00-46.00-80.00-98.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days10587807788686311387724956
Inventory Days194162191243249216207213347257237206
Days Payable1501181211271421301142152141229287
Cash Conversion Cycle149131150193195153156111220208193175
Working Capital Days131102113133135118117126162140115113
ROCE %8%12%12%10%9%9%10%9%6%6%9%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters59.30%59.38%59.38%59.39%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.36%
FIIs0.09%0.14%0.00%0.10%0.48%0.31%0.00%0.15%0.00%0.67%0.64%0.56%
DIIs0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.62%0.62%0.62%0.00%0.01%0.02%0.00%0.00%0.00%0.00%0.00%0.00%
Public39.98%39.85%39.99%40.52%41.01%41.16%41.50%41.35%41.50%40.83%40.86%41.08%
No. of Shareholders30,34030,36829,88025,37326,17526,04827,57528,82827,82925,18323,29021,328

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.755.909.937.793.16
Diluted EPS (Rs.)3.755.909.937.903.40
Cash EPS (Rs.)11.7313.8217.2214.289.26
Book Value[Excl.RevalReserv]/Share (Rs.)95.2091.4985.4681.1280.25
Book Value[Incl.RevalReserv]/Share (Rs.)95.2091.4985.4681.1280.25
Revenue From Operations / Share (Rs.)291.67266.53308.50283.88214.23
PBDIT / Share (Rs.)23.3825.4125.8624.2717.81
PBIT / Share (Rs.)15.4017.4918.5717.7811.71
PBT / Share (Rs.)5.877.188.728.233.09
Net Profit / Share (Rs.)3.755.909.937.793.16
NP After MI And SOA / Share (Rs.)3.755.909.937.793.16
PBDIT Margin (%)8.019.538.388.558.31
PBIT Margin (%)5.286.566.016.265.46
PBT Margin (%)2.012.692.822.891.44
Net Profit Margin (%)1.282.213.212.741.47
NP After MI And SOA Margin (%)1.282.213.212.741.47
Return on Networth / Equity (%)3.936.4411.629.593.94
Return on Capital Employeed (%)14.7217.3919.1618.9212.69
Return On Assets (%)1.492.574.173.591.53
Long Term Debt / Equity (X)0.050.040.070.080.07
Total Debt / Equity (X)0.830.830.910.790.80
Asset Turnover Ratio (%)1.221.141.361.340.98
Current Ratio (X)1.261.231.191.211.15
Quick Ratio (X)0.590.580.590.670.57
Inventory Turnover Ratio (X)1.211.131.621.711.58
Dividend Payout Ratio (NP) (%)0.000.0015.1019.260.00
Dividend Payout Ratio (CP) (%)0.000.008.7010.500.00
Earning Retention Ratio (%)0.000.0084.9080.740.00
Cash Earning Retention Ratio (%)0.000.0091.3089.500.00
Interest Coverage Ratio (X)2.522.642.742.572.13
Interest Coverage Ratio (Post Tax) (X)1.431.692.101.841.41
Enterprise Value (Cr.)424.97363.87548.10356.14241.57
EV / Net Operating Revenue (X)0.850.801.040.730.66
EV / EBITDA (X)10.678.4012.448.617.96
MarketCap / Net Operating Revenue (X)0.590.530.800.520.39
Retention Ratios (%)0.000.0084.8980.730.00
Price / BV (X)1.831.552.901.831.05
Price / Net Operating Revenue (X)0.590.530.800.520.39
EarningsYield0.020.040.040.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Liberty Shoes Ltd as of December 21, 2024 is: 504.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, Liberty Shoes Ltd is Overvalued by 0.96% compared to the current share price 509.00

Intrinsic Value of Liberty Shoes Ltd as of December 21, 2024 is: 448.44

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, Liberty Shoes Ltd is Overvalued by 11.90% compared to the current share price 509.00

Last 5 Year EPS CAGR: -11.04%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (158.54 cr) compared to borrowings (124.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (512.54 cr) and profit (10.62 cr) over the years.
  1. The stock has a low average ROCE of 9.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 125.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 169.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Liberty Shoes Ltd:
    1. Net Profit Margin: 1.28%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.72% (Industry Average ROCE: 12.06%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 3.93% (Industry Average ROE: 9.82%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.43
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.59
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 54.4 (Industry average Stock P/E: 85.87)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.83
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Liberty Shoes Ltd. is a Public Limited Listed company incorporated on 03/09/1986 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L19201HR1986PLC033185 and registration number is 033185. Currently Company is involved in the business activities of Manufacture of footwear. Company’s Total Operating Revenue is Rs. 487.82 Cr. and Equity Capital is Rs. 17.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FootwearsLibertypuram, 13th Milestone, Karnal Dist. Haryana 132114investorcare@libertyshoes.com
http://www.libertyshoes.com
Management
NamePosition Held
Mr. Anupam BansalExecutive Director
Mr. Shammi BansalExecutive Director
Mr. Sunil BansalExecutive Director
Mr. Adish Kumar GuptaExecutive Director
Mr. Ashok KumarExecutive Director
Mr. Gautam BaidIndependent Director
Mr. Aditya KhemkaIndependent Director
Mr. Piyush DixitIndependent Director
Mr. Anand Das MundhraIndependent Director
Dr. SujataIndependent Woman Director

FAQ

What is the latest intrinsic value of Liberty Shoes Ltd?

The latest intrinsic value of Liberty Shoes Ltd as on 21 December 2024 is ₹504.09, which is 0.96% lower than the current market price of ₹509.00. The stock has a market capitalization of 867 Cr. and recorded a high/low of 570/244 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹198 Cr and total liabilities of ₹462 Cr.

What is the Market Cap of Liberty Shoes Ltd?

The Market Cap of Liberty Shoes Ltd is 867 Cr..

What is the current Stock Price of Liberty Shoes Ltd as on 21 December 2024?

The current stock price of Liberty Shoes Ltd as on 21 December 2024 is 509.

What is the High / Low of Liberty Shoes Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Liberty Shoes Ltd stocks is 570/244.

What is the Stock P/E of Liberty Shoes Ltd?

The Stock P/E of Liberty Shoes Ltd is 54.4.

What is the Book Value of Liberty Shoes Ltd?

The Book Value of Liberty Shoes Ltd is 126.

What is the Dividend Yield of Liberty Shoes Ltd?

The Dividend Yield of Liberty Shoes Ltd is 0.00 %.

What is the ROCE of Liberty Shoes Ltd?

The ROCE of Liberty Shoes Ltd is 9.45 %.

What is the ROE of Liberty Shoes Ltd?

The ROE of Liberty Shoes Ltd is 7.21 %.

What is the Face Value of Liberty Shoes Ltd?

The Face Value of Liberty Shoes Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Liberty Shoes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE