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Last Updated: April 2, 2026, 3:15 am
Author: Getaka|Social: XLinkedIn

Liberty Shoes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹260.59Undervalued by 14.80%vs CMP ₹227.00

P/E (33.1) × ROE (7.2%) × BV (₹134.00) × DY (2.00%)

₹222.22Fairly Valued by 2.11%vs CMP ₹227.00
MoS: -2.2% (Negative)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹361.7126%Under (+59.3%)
Graham NumberEarnings₹142.6619%Over (-37.2%)
DCFCash Flow₹76.1013%Over (-66.5%)
Net Asset ValueAssets₹134.088%Over (-40.9%)
EV/EBITDAEnterprise₹382.8411%Under (+68.7%)
Earnings YieldEarnings₹67.508%Over (-70.3%)
ROCE CapitalReturns₹244.418%Fair (+7.7%)
Revenue MultipleRevenue₹198.486%Over (-12.6%)
Consensus (8 models)₹222.22100%Fairly Valued
Key Drivers: EPS CAGR 38.8% lifts DCF — verify sustainability. | Wide model spread (₹68–₹383) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 38.8%

*Investments are subject to market risks

Investment Snapshot

51
Liberty Shoes Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 10.0% AverageROE 7.2% AverageD/E 0.80 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +9% YoY GrowingProfit (4Q): -11% YoY Declining
Industry Rank50/100 · Moderate
P/E 33.1 vs industry 34.5 In-lineROCE 10.0% vs industry 11.7% Average3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:15 am

Market Cap 386 Cr.
Current Price 227
Intrinsic Value₹222.22
High / Low 475/210
Stock P/E33.1
Book Value 134
Dividend Yield0.00 %
ROCE9.99 %
ROE7.20 %
Face Value 10.0
PEG Ratio0.85

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

View Share Price Target for Liberty Shoes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Liberty Shoes Ltd 386 Cr. 227 475/21033.1 1340.00 %9.99 %7.20 % 10.0
Khadim India Ltd 156 Cr. 85.0 311/77.516.2 90.20.00 %9.34 %2.20 % 10.0
Relaxo Footwears Ltd 6,483 Cr. 260 531/23638.6 84.71.15 %11.2 %8.31 % 1.00
Campus Activewear Ltd 6,837 Cr. 224 304/21048.5 26.00.45 %20.1 %17.2 % 5.00
Bata India Ltd 8,072 Cr. 628 1,301/60542.0 1193.03 %15.1 %15.6 % 5.00
Industry Average4,386.80 Cr238.0334.5077.040.77%11.71%8.72%5.50

All Competitor Stocks of Liberty Shoes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 158.52166.07143.36171.79152.08169.64155.93171.80160.10187.66172.79174.23180.92
Expenses 145.28152.47127.70156.29141.42144.30139.85157.21146.69162.53156.82159.08167.68
Operating Profit 13.2413.6015.6615.5010.6625.3416.0814.5913.4125.1315.9715.1513.24
OPM % 8.35%8.19%10.92%9.02%7.01%14.94%10.31%8.49%8.38%13.39%9.24%8.70%7.32%
Other Income -0.09-0.080.03-0.040.07-4.590.13-2.550.18-0.150.220.06-0.01
Interest 3.363.373.644.022.763.173.023.332.933.883.823.993.82
Depreciation 7.3110.387.527.667.7310.856.556.846.8912.507.858.158.29
Profit before tax 2.48-0.234.533.780.246.736.641.873.778.604.523.071.12
Tax % 25.40%26.09%26.27%30.42%25.00%25.85%29.67%50.80%37.14%34.77%26.33%35.50%47.32%
Net Profit 1.85-0.293.352.640.184.984.660.922.375.613.331.970.59
EPS in Rs 1.09-0.171.971.550.112.922.730.541.393.291.951.160.35

Last Updated: March 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 484526454497546602652458488654637675716
Expenses 443482411457505561592407443593570606646
Operating Profit 41444340404160514562676969
OPM % 8%8%9%8%7%7%9%11%9%9%11%10%10%
Other Income 0-0-10-005-0-0-0-5-20
Interest 16161616161514141212141316
Depreciation 11121414131333342932343337
Profit before tax 141512101113172418152117
Tax % 5%-14%18%36%39%49%39%89%44%28%27%35%
Net Profit 131710777110213111412
EPS in Rs 7.8610.015.993.843.874.016.210.151.317.586.557.966.75
Dividend Payout % 19%15%0%0%0%0%0%0%190%33%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212022-20232023-20242024-2025
YoY Net Profit Growth (%)30.77%-41.18%-30.00%0.00%0.00%57.14%-100.00%550.00%-15.38%27.27%
Change in YoY Net Profit Growth (%)0.00%-71.95%11.18%30.00%0.00%57.14%-157.14%650.00%-565.38%42.66%

Liberty Shoes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:11%
TTM:7%
Compounded Profit Growth
10 Years:-1%
5 Years:16%
3 Years:86%
TTM:-13%
Stock Price CAGR
10 Years:6%
5 Years:18%
3 Years:24%
1 Year:-26%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:7%
Last Year:7%

Last Updated: September 5, 2025, 9:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:34 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 17171717171717171717171717
Reserves 121128138145151158169169172181192206211
Borrowings 11713913513611610912497125160147156165
Other Liabilities 11412199127129136332234118112107118117
Total Liabilities 368404389425414420642517432471464497511
Fixed Assets 999798939188178153136160165173171
CWIP 0111001000044
Investments 1111111100000
Other Assets 267306289330322330462363295310299319336
Total Assets 368404389425414420642517432471464497511

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1235392232291533338948874
Cash from Investing Activity + -9-17-16-8-11-10-117-9-8-55-44-44
Cash from Financing Activity + -11-19-22-14-21-19-37-24-30-39-43-30
Net Cash Flow -8-1001-1-1-0-1011
Free Cash Flow 31723142117342338948874
CFO/OP 36%88%98%63%85%76%262%68%89%162%136%115%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-76.00-95.00-92.00-96.00-76.00-68.00-64.00-46.00-80.00-98.00-80.00-87.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8780778868631138772495663
Inventory Days 162191243249216207213347257237206223
Days Payable 118121127142130114215214122928785
Cash Conversion Cycle 131150193195153156111220208193175200
Working Capital Days 292835414755599799717377
ROCE %12%12%10%9%9%10%9%6%6%9%9%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.50%58.50%58.50%58.50%58.50%58.50%58.36%58.32%58.32%58.32%58.52%58.46%
FIIs 0.31%0.00%0.15%0.00%0.67%0.64%0.56%0.68%0.73%0.39%0.17%0.18%
Government 0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 41.16%41.50%41.35%41.50%40.83%40.86%41.08%41.01%40.96%41.29%41.30%41.36%
No. of Shareholders 26,04827,57528,82827,82925,18323,29021,32820,69320,94921,08121,56121,434

Shareholding Pattern Chart

No. of Shareholders

Liberty Shoes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue 10.0010.0010.0010.0010.00
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
EarningsYield 0.020.040.040.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 675.48 Cr. and Equity Capital is Rs. 17.04 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
FootwearsLibertypuram, 13th Milestone, Karnal Dist. Haryana 132114Contact not found
Management
NamePosition Held
Mr. Anupam BansalExecutive Director
Mr. Shammi BansalExecutive Director
Mr. Adish Kumar GuptaExecutive Director
Mr. Ashok KumarExecutive Director
Mr. Piyush DixitIndependent Director
Mr. Anand Das MundhraIndependent Director
Mr. Neeraj Kumar JindalIndependent Director
Dr. SujataIndependent Woman Director

FAQ

What is the intrinsic value of Liberty Shoes Ltd and is it undervalued?

As of 15 April 2026, Liberty Shoes Ltd's intrinsic value is ₹222.22, which is 2.11% lower than the current market price of ₹227.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.20 %), book value (₹134), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Liberty Shoes Ltd?

Liberty Shoes Ltd is trading at ₹227.00 as of 15 April 2026, with a FY2026-2027 high of ₹475 and low of ₹210. The stock is currently near its 52-week low. Market cap stands at ₹386 Cr..

How does Liberty Shoes Ltd's P/E ratio compare to its industry?

Liberty Shoes Ltd has a P/E ratio of 33.1, which is below the industry average of 34.50. This is broadly in line with or below the industry average.

Is Liberty Shoes Ltd financially healthy?

Key indicators for Liberty Shoes Ltd: ROCE of 9.99 % is on the lower side compared to the industry average of 11.71%; ROE of 7.20 % is below ideal levels (industry average: 8.72%). Dividend yield is 0.00 %.

Is Liberty Shoes Ltd profitable and how is the profit trend?

Liberty Shoes Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹675 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does Liberty Shoes Ltd pay dividends?

Liberty Shoes Ltd has a dividend yield of 0.00 % at the current price of ₹227.00. The company is currently not paying meaningful dividends.

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
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