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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Liberty Shoes Ltd

About the Company - Liberty Shoes Ltd

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.
Leather/Synthetic ProductsLibertypuram, 13th Milestone, Karnal Dist. Haryana
NamePosition Held
Mr. Adesh Kumar GuptaExecutive Director & CEO
Mr. Shammi BansalExecutive Director
Mr. Sunil BansalExecutive Director
Mr. Adish Kumar GuptaExecutive Director
Mr. Ashok KumarExecutive Director
Mr. Gautam BaidIndependent Director
Dr. SujataIndependent Woman Director
Mr. Aditya KhemkaIndependent Director
Mr. Arvind Bali KumarIndependent Director
Mr. Sanjay BhatiaIndependent Director

Liberty Shoes Ltd. Share Price Update

Share PriceValue
Previous Day₹341.25

Basic Stock Data of Liberty Shoes Ltd

Market Cap 522 Cr.
Current Price 306
High / Low413/181
Stock P/E85.2
Book Value 120
Dividend Yield0.80 %
ROCE8.99 %
ROE6.78 %
Face Value 10.0

Data Source:

Liberty Shoes Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit10.1317.4923.007.7510.0716.7710.6317.2517.6513.2413.6015.6615.50
OPM %10.45%11.86%14.16%7.94%9.02%11.04%8.40%10.70%10.47%8.35%8.19%10.92%9.02%
Other Income0.080.15-0.400.07-0.01-0.04-0.02-0.010.06-0.09-0.080.03-0.04
Profit before tax-1.625.779.09-3.07-
Tax %0.00%0.00%23.21%0.00%0.00%18.86%57.58%27.51%26.99%25.40%-26.09%26.27%30.42%
Net Profit-1.625.776.98-3.06-
EPS in Rs-0.953.394.10-1.80-0.062.930.253.213.451.09-0.171.971.55

Liberty Shoes Ltd Quarterly Chart

Liberty Shoes Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit29274144434040416051456258
OPM %9%8%8%8%9%8%7%7%9%11%9%9%9%
Other Income-300-0-10-005-0-0-0-0
Profit before tax7714151210111317241811
Tax %-6%-2%5%-14%18%36%39%49%39%89%44%28%
Net Profit871317107771102138
EPS in Rs4.484.217.8610.015.993.843.874.
Dividend Payout %0%0%19%15%0%0%0%0%0%0%190%33%

Liberty Shoes Ltd Profit & Loss Yearly Chart

Liberty Shoes Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:4%
3 Years:0%
Compounded Profit Growth
10 Years:6%
5 Years:13%
3 Years:21%
Stock Price CAGR
10 Years:9%
5 Years:17%
3 Years:30%
1 Year:46%
Return on Equity
10 Years:5%
5 Years:3%
3 Years:3%
Last Year:7%

Liberty Shoes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717171717171717
Other Liabilities909411412199127129136332234118112118
Total Liabilities333355368404389425414420642517432471461
Fixed Assets8787999798939188178153136160150
Other Assets230241267306289330322330462363295310311
Total Assets333355368404389425414420642517432471461

Liberty Shoes Ltd Reserves and Borrowings Chart

Liberty Shoes Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1127123539223229153333894
Cash from Investing Activity -7-18-9-17-16-8-11-10-117-9-8-55
Cash from Financing Activity -12-8-11-19-22-14-21-19-37-24-30-39
Net Cash Flow-81-8-1001-1-1-0-10

Liberty Shoes Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days96105878077886863113877249
Inventory Days177194162191243249216207213347257237
Days Payable14315011812112714213011421521412292
Cash Conversion Cycle129149131150193195153156111220208193
Working Capital Days113131102113133135118117126162140115
ROCE %9%8%12%12%10%9%9%10%9%6%6%9%

Liberty Shoes Ltd Financial Efficiency Indicators Chart

Liberty Shoes Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders30,56828,97628,69029,14130,34030,36829,88025,37326,17526,04827,57528,828

Liberty Shoes Ltd Shareholding Pattern Chart

No. of Liberty Shoes Ltd Shareholders

This stock is not held by any mutual fund

Liberty Shoes Ltd ROCE Trend

Liberty Shoes Ltd EPS Trend

Liberty Shoes Ltd Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
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 (%)
NP After MI And SOA Margin (%)
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)
Total Debt / Equity (X)0.830.830.910.790.80
Asset Turnover Ratio (%)
Current Ratio (X)
Quick Ratio (X)0.590.580.590.670.57
Inventory Turnover Ratio (X)
Dividend Payout Ratio (NP) (%)0.000.0015.1019.260.00
Dividend Payout Ratio (CP) (%)
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

Liberty Shoes Ltd Profitability Ratios (%)

Liberty Shoes Ltd Liquidity Ratios

Liberty Shoes Ltd Liquidity Ratios (%)

Liberty Shoes Ltd Interest Coverage Ratios (%)

Liberty Shoes Ltd Valuation Ratios

Fair Value of Liberty Shoes Ltd Stock

Fair Value: ₹698.73

The stock is undervalued by 128.34% compared to the current price ₹306

*Investments are subject to market risks

Strength and Weakness of Liberty Shoes Ltd Stock

  1. The company has higher reserves (153.08 cr) compared to borrowings (122.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (513.08 cr) and profit (10.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 16.19 and average Dividend Yield of 5.91%.
  2. The stock has a low average ROCE of 9.08%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 125.42, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 165.67, which may not be favorable.

About the Author

Author Avatar

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 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