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Last Updated on: 24 June, 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.
INDUSTRYADDRESSCONTACT
FootwearsLibertypuram, 13th Milestone, Karnal Dist. Haryana 132114investorcare@libertyshoes.com
http://www.libertyshoes.com
Management
NamePosition Held
Mr. Adesh Kumar GuptaExecutive 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

Basic Stock Data of Liberty Shoes Ltd

Last Updated: June 17, 2024, 8:26 pm

Market Cap 635 Cr.
Current Price 372
High / Low413/217
Stock P/E43.1
Book Value 123
Dividend Yield0.67 %
ROCE9.45 %
ROE7.23 %
Face Value 10.0
PEG Ratio-3.90

Liberty Shoes Ltd Quarterly Results

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: June 7, 2024, 9:03 am

Liberty Shoes Ltd Quarterly Chart

Liberty Shoes Ltd Profit & Loss

Last Updated: June 1, 2024, 10:20 am

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%

Liberty Shoes Ltd Profit & Loss Yearly Chart

Liberty Shoes Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:12%
TTM:-3%
Compounded Profit Growth
10 Years:1%
5 Years:16%
3 Years:262%
TTM:12%
Stock Price CAGR
10 Years:6%
5 Years:27%
3 Years:35%
1 Year:50%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:5%
Last Year:7%

Last Updated: June 17, 2024, 2:56 pm

Liberty Shoes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717171717171717
Reserves132139121128138145151158169169172181187
Borrowings9410511713913513611610912497125160138
Other Liabilities909411412199127129136332234118112118
Total Liabilities333355368404389425414420642517432471461
Fixed Assets8787999798939188178153136160150
CWIP0001110010001
Investments162611111111000
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters59.30%59.30%59.30%59.38%59.38%59.39%58.50%58.50%58.50%58.50%58.50%58.50%
FIIs0.00%0.00%0.09%0.14%0.00%0.10%0.48%0.31%0.00%0.15%0.00%0.67%
DIIs0.00%0.01%0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.00%0.00%0.62%0.62%0.62%0.00%0.01%0.02%0.00%0.00%0.00%0.00%
Public40.70%40.69%39.98%39.85%39.99%40.52%41.01%41.16%41.50%41.35%41.50%40.83%
No. of Shareholders28,69029,14130,34030,36829,88025,37326,17526,04827,57528,82827,82925,183

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
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

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

Fair Value: 385.85

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.

Undervalued: 3.72% compared to the current price 372

Intrinsic Value: 343.26

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 7.73% compared to the current price ₹372

Last 5 Year EPS CAGR: -11.04%

*Investments are subject to market risks

Strength and Weakness of Liberty Shoes Ltd Stock

StrengthWeakness
  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 (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 165.67, which may not be favorable.

FAQ

What is the latest fair value of Liberty Shoes Ltd?

The latest fair value of Liberty Shoes Ltd is ₹385.85.

What is the Market Cap of Liberty Shoes Ltd?

The Market Cap of Liberty Shoes Ltd is 635 Cr..

What is the current Stock Price of Liberty Shoes Ltd as on 24 June 2024?

The current stock price of Liberty Shoes Ltd as on 24 June 2024 is ₹372.

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

In FY 2024, the High / Low of Liberty Shoes Ltd stocks is 413/217.

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

The Stock P/E of Liberty Shoes Ltd is 43.1.

What is the Book Value of Liberty Shoes Ltd?

The Book Value of Liberty Shoes Ltd is 123.

What is the Dividend Yield of Liberty Shoes Ltd?

The Dividend Yield of Liberty Shoes Ltd is 0.67 %.

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 7.23 %.

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