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Last Updated: April 2, 2026, 3:43 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 535601 | NSE: SREEL

Sreeleathers Ltd – a Premier Leather Goods Manufacturer: Intrinsic Value & Share Price Analysis

Fair Value

₹143.47Overvalued by 17.55%vs CMP ₹174.00

P/E (16.6) × ROE (5.1%) × BV (₹209.00) × DY (0.57%)

₹153.42Overvalued by 11.83%vs CMP ₹174.00
MoS: -13.4% (Negative)Confidence: 49/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹155.0422%Over (-10.9%)
Graham NumberEarnings₹222.4216%Under (+27.8%)
Earnings PowerEarnings₹91.2613%Over (-47.6%)
DCFCash Flow₹157.9613%Fair (-9.2%)
Net Asset ValueAssets₹208.467%Under (+19.8%)
EV/EBITDAEnterprise₹169.699%Fair (-2.5%)
Earnings YieldEarnings₹105.207%Over (-39.5%)
ROCE CapitalReturns₹83.907%Over (-51.8%)
Revenue MultipleRevenue₹140.195%Over (-19.4%)
Consensus (9 models)₹153.42100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.1%

*Investments are subject to market risks

Investment Snapshot

63
Sreeleathers Ltd - a Premier Leather Goods Manufacturer scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 7.3% WeakROE 5.1% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 75.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 16% SteadyWorking capital: -2 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +10% YoY Positive
Industry Rank75/100 · Strong
P/E 16.6 vs industry 28.0 Cheaper than peersROCE 7.3% vs industry 6.8% Average3Y sales CAGR: 21% High growth

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, 3:43 am

Market Cap 404 Cr.
Current Price 174
Intrinsic Value₹153.42
High / Low 283/165
Stock P/E16.6
Book Value 209
Dividend Yield0.57 %
ROCE7.31 %
ROE5.14 %
Face Value 10.0
PEG Ratio2.06

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

View Share Price Target for Sreeleathers Ltd - a Premier Leather Goods Manufacturer

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 404 Cr. 174 283/16516.6 2090.57 %7.31 %5.14 % 10.0
Mirza International Ltd 384 Cr. 27.8 44.0/24.8 41.70.00 %1.00 %0.78 % 2.00
Superhouse Ltd 153 Cr. 139 202/12224.9 4180.58 %3.90 %1.19 % 10.0
Anka India Ltd 113 Cr. 21.9 71.1/18.6 5.230.00 %%% 10.0
Zenith Exports Ltd 101 Cr. 187 352/17452.2 1560.00 %1.46 %2.96 % 10.0
Industry Average620.71 Cr165.2628.04135.720.19%6.81%4.43%8.00

All Competitor Stocks of Sreeleathers Ltd – a Premier Leather Goods Manufacturer

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 47.3348.2949.6360.2858.1649.6048.6962.6655.4253.1550.1074.7160.90
Expenses 38.3938.7840.5448.2048.4942.8642.0152.7246.7146.4545.8463.0353.07
Operating Profit 8.949.519.0912.089.676.746.689.948.716.704.2611.687.83
OPM % 18.89%19.69%18.32%20.04%16.63%13.59%13.72%15.86%15.72%12.61%8.50%15.63%12.86%
Other Income 0.120.160.110.150.150.160.100.290.130.990.150.242.49
Interest 0.110.130.120.140.160.160.140.070.120.090.080.090.09
Depreciation 0.360.350.350.340.340.150.300.270.320.330.330.330.33
Profit before tax 8.599.198.7311.759.326.596.349.898.407.274.0011.509.90
Tax % 25.49%26.77%25.77%25.79%26.39%27.47%27.44%34.88%25.83%27.10%26.75%25.13%23.84%
Net Profit 6.416.736.488.736.864.784.616.456.235.292.938.617.53
EPS in Rs 2.772.912.803.772.962.061.992.792.692.281.273.723.25

Last Updated: March 3, 2026, 2:34 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 57678010014116817383122198215217239
Expenses 465464791091301336798162178185208
Operating Profit 11131621323840162436383230
OPM % 19%19%20%21%23%22%23%20%19%18%17%15%13%
Other Income 1231280011114
Interest 1100000000100
Depreciation 1111111111111
Profit before tax 10121721334439152335363233
Tax % 33%32%35%35%34%30%26%26%27%26%26%29%
Net Profit 781113213129111726272324
EPS in Rs 2.813.364.495.338.5012.3611.434.817.1411.0611.609.7510.52
Dividend Payout % 9%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.29%37.50%18.18%61.54%47.62%-6.45%-62.07%54.55%52.94%3.85%-14.81%
Change in YoY Net Profit Growth (%)0.00%23.21%-19.32%43.36%-13.92%-54.07%-55.62%116.61%-1.60%-49.10%-18.66%

Sreeleathers Ltd - a Premier Leather Goods Manufacturer has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:5%
3 Years:21%
TTM:2%
Compounded Profit Growth
10 Years:12%
5 Years:-5%
3 Years:11%
TTM:-16%
Stock Price CAGR
10 Years:6%
5 Years:11%
3 Years:4%
1 Year:-20%
Return on Equity
10 Years:7%
5 Years:6%
3 Years:6%
Last Year:5%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 25252525252525232323232323
Reserves 162171182204230264299291314349394439461
Borrowings 0033110333332
Other Liabilities 21111215322615131419192130
Total Liabilities 208207222247288317339330355394439486517
Fixed Assets 157160159158157151150152152151151152152
CWIP 4000000000000
Investments 3029286477130167159182219264315343
Other Assets 17173525553621192123241922
Total Assets 208207222247288317339330355394439486517

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 20-19142815291117293027
Cash from Investing Activity + -183-6-16-4-32-3425-16-25-30-27
Cash from Financing Activity + -2-2-0-0-0-20-33-1-1-1-1
Net Cash Flow -0-02-224-18-5204-1-0
Free Cash Flow 19-19142828291116282925
CFO/OP 178%-10%54%103%122%76%98%110%99%105%105%114%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow11.0013.0013.0018.0031.0037.0040.0013.0021.0033.0035.0029.00

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 1531311121111
Inventory Days 405153503944436953352820
Days Payable 251522251521223526191816
Cash Conversion Cycle 29403228242322352817115
Working Capital Days -569126-141112211664-2
ROCE %6%6%8%9%13%14%13%5%7%10%9%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 5.28%5.44%6.14%6.90%6.92%6.90%6.93%6.90%6.90%6.90%6.90%6.90%
Public 19.72%19.57%18.86%18.10%18.08%18.10%18.07%18.10%18.09%18.11%18.10%18.10%
No. of Shareholders 8,5078,7358,4849,44410,09510,37711,13411,27911,31411,00011,39111,167

Shareholding Pattern Chart

No. of Shareholders

Sreeleathers Ltd – a Premier Leather Goods Manufacturer: 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 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.7511.5911.067.144.81
Diluted EPS (Rs.) 9.7511.5911.067.144.82
Cash EPS (Rs.) 10.2712.1011.617.635.34
Book Value[Excl.RevalReserv]/Share (Rs.) 199.57180.31160.59145.62135.35
Book Value[Incl.RevalReserv]/Share (Rs.) 199.57180.31160.59145.62135.35
Revenue From Operations / Share (Rs.) 94.9894.0186.2252.6335.94
PBDIT / Share (Rs.) 14.4816.4715.6810.427.20
PBIT / Share (Rs.) 13.9615.9615.149.936.67
PBT / Share (Rs.) 13.7815.7114.949.736.53
Net Profit / Share (Rs.) 9.7511.5911.067.144.81
PBDIT Margin (%) 15.2517.5118.1919.7920.03
PBIT Margin (%) 14.6916.9717.5518.8618.55
PBT Margin (%) 14.5016.7117.3218.4918.16
Net Profit Margin (%) 10.2612.3312.8313.5613.37
Return on Networth / Equity (%) 4.886.426.884.903.55
Return on Capital Employeed (%) 6.828.639.186.644.81
Return On Assets (%) 4.646.116.504.653.37
Asset Turnover Ratio (%) 0.470.520.530.350.24
Current Ratio (X) 1.542.101.912.382.04
Quick Ratio (X) 0.771.010.720.920.79
Inventory Turnover Ratio (X) 20.240.000.000.000.00
Interest Coverage Ratio (X) 79.0566.8680.1554.3951.85
Interest Coverage Ratio (Post Tax) (X) 54.2048.0657.5438.2735.62
Enterprise Value (Cr.) 506.87638.39383.81451.99340.27
EV / Net Operating Revenue (X) 2.302.931.923.714.08
EV / EBITDA (X) 15.1116.7410.5718.7320.37
MarketCap / Net Operating Revenue (X) 2.342.981.963.774.14
Price / BV (X) 1.111.551.051.361.10
Price / Net Operating Revenue (X) 2.342.981.963.774.14
EarningsYield 0.040.040.060.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sreeleathers Ltd. is a Public Limited Listed company incorporated on 14/01/1991 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L67190WB1991PLC050656 and registration number is 050656. Currently company belongs to the Industry of Footwears. Company's Total Operating Revenue is Rs. 219.93 Cr. and Equity Capital is Rs. 23.16 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Footwears6, Tottee Lane, Kolkata West Bengal 700016Contact not found
Management
NamePosition Held
Mr. Satyabrata DeyManaging Director
Mrs. Shipra DeyExecutive Director
Ms. Rochita DeyExecutive Director
Mr. Anil Chandra BeraIndependent Director
Mrs. Rekha GhoshIndependent Director
Mr. Kalidas SarkarIndependent Director

FAQ

What is the intrinsic value of Sreeleathers Ltd - a Premier Leather Goods Manufacturer and is it undervalued?

As of 18 April 2026, Sreeleathers Ltd - a Premier Leather Goods Manufacturer's intrinsic value is ₹153.42, which is 11.83% lower than the current market price of ₹174.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.14 %), book value (₹209), dividend yield (0.57 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sreeleathers Ltd - a Premier Leather Goods Manufacturer?

Sreeleathers Ltd - a Premier Leather Goods Manufacturer is trading at ₹174.00 as of 18 April 2026, with a FY2026-2027 high of ₹283 and low of ₹165. The stock is currently near its 52-week low. Market cap stands at ₹404 Cr..

How does Sreeleathers Ltd - a Premier Leather Goods Manufacturer's P/E ratio compare to its industry?

Sreeleathers Ltd - a Premier Leather Goods Manufacturer has a P/E ratio of 16.6, which is below the industry average of 28.04. This is broadly in line with or below the industry average.

Is Sreeleathers Ltd - a Premier Leather Goods Manufacturer financially healthy?

Key indicators for Sreeleathers Ltd - a Premier Leather Goods Manufacturer: ROCE of 7.31 % is on the lower side compared to the industry average of 6.81%; ROE of 5.14 % is below ideal levels (industry average: 4.43%). Dividend yield is 0.57 %.

Is Sreeleathers Ltd - a Premier Leather Goods Manufacturer profitable and how is the profit trend?

Sreeleathers Ltd - a Premier Leather Goods Manufacturer reported a net profit of ₹23 Cr in Mar 2025 on revenue of ₹217 Cr. Compared to ₹17 Cr in Mar 2022, the net profit shows an improving trend.

Does Sreeleathers Ltd - a Premier Leather Goods Manufacturer pay dividends?

Sreeleathers Ltd - a Premier Leather Goods Manufacturer has a dividend yield of 0.57 % at the current price of ₹174.00. The company pays dividends, though the yield is modest.

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 Sreeleathers Ltd - a Premier Leather Goods Manufacturer. 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