Lehar Footwears Ltd (LEHAR)

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Lehar Footwears Ltd (LEHAR) · mywealthgrid

About

Lehar Footwears Ltd manufactures and distributes footwear within the consumer discretionary sector. With a market cap of ₹382 Cr, the company is a small-cap player in the consumer durables footwear industry.

Face value: ₹10

Market cap

₹351 Cr

P/E

358.8×

P/B

2.6×

Dividend yield

0.5%

ROE

17%

ROCE

24.5%

Debt / equity

0.4

OPM

EPS (TTM)

₹0.6

Book value

₹74.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation multiple: PE of 390.96 vastly exceeds normal ranges, suggesting either earnings collapse or speculative positioning; verify current profitability from results dated 2026-08-10
Profitability instability: Net profit ranged from -₹1.08 Cr (Jun 2020) to +₹0.94 Cr (Dec 2020) across quarters; verify if volatility reflects pandemic disruption or structural operational issues
Operating margin compression: OPM fell from 11.37% (Jun 2019) to 0.45% (Jun 2020) nadir and remains volatile at 9.42%; verify cost-control resilience and pricing power under inflation
Minimal institutional scrutiny: FII 0.26%, DII 0%, public 26.81%; verify analyst coverage depth and stock liquidity for this market-cap range

Generated analysis · source review pending

Growth drivers

Revenue doubled from ₹23.83 Cr (Jun 2019) to ₹50.63 Cr (Mar 2021); verify whether post-2021 quarterly growth sustained this trajectory
Operating margin recovered from 0.45% nadir (Jun 2020) to 9.42% current; verify if improvement reflects demand recovery, operational efficiency, or temporary rebound
Annual dividend payments (2023–2025) signal cash generation despite earnings volatility; verify whether recent results support continuation of distributions
D/E of 0.57 provides capital deployment capacity if footwear sector opportunities require investment; verify industry capex intensity and competitive positioning needs

Generated analysis · source review pending

2,210 historical price candles were omitted because the exchange source has not been verified.

₹198.1-1.4%1Y

Quick read

rule-based

Pros

+Profit CAGR of 84.3% over the last 5 years
+Revenue CAGR of 24% over the last 5 years
+High promoter holding of 72.9% with no pledge

Cons

−Expensive at 358.8× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 49
Growth: 100
Valuation: 21

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Metro Brands LimitedMETROBRANDMETROBRAND	₹22,721 Cr	₹22,721 Cr	₹2,311 Cr	₹719 Cr	30.3%	₹339 Cr	14.5%	21.4%	22.2%	188
Bata India LimitedBATAINDIABATAINDIA	₹7,877 Cr	₹7,877 Cr	₹3,553 Cr	₹712 Cr	20.1%	₹146 Cr	3.8%	12.8%	8.5%	107
Relaxo Footwears LimitedRELAXORELAXO	₹7,102 Cr	₹7,102 Cr	₹2,753 Cr	₹383 Cr	13.8%	₹185 Cr	6.6%	11.1%	8.3%	138
Campus Activewear LimitedCAMPUSCAMPUS	₹6,292 Cr	₹6,467 Cr	₹1,194 Cr	₹242 Cr	20.2%	₹125 Cr	10.4%	38.1%	33.8%	137
Redtape LimitedREDTAPEREDTAPE	₹1,593 Cr	₹1,979 Cr	₹2,436 Cr	₹438 Cr	14.4%	₹246 Cr	10%	31.8%	26.6%	240
Sreeleathers LimitedSREELSREEL	₹679 Cr	₹679 Cr	₹258 Cr	₹38 Cr	13.6%	₹33 Cr	11.6%	7.8%	6%	-6
Liberty Shoes LimitedLIBERTSHOELIBERTSHOE	₹369 Cr	₹448 Cr	₹737 Cr	₹62 Cr	8.7%	₹9 Cr	1.5%	9%	4.9%	171
Lehar Footwears LtdLEHARLEHAR	₹351 Cr	₹403 Cr	₹147 Cr	₹8 Cr	9%	₹1 Cr	4.8%	24.5%	17%	86
Khadim India LimitedKHADIMKHADIM	₹209 Cr	₹330 Cr	₹349 Cr	₹45 Cr	13.4%	₹3 Cr	0.8%	9.3%	1.5%	216
Ksr Footwear LimitedKSRKSR	₹69 Cr	₹85 Cr	₹200 Cr	₹-3 Cr	-4.2%	₹-8 Cr	-6.4%	-13.8%	-16.9%	70
Sarup Industries LtdSARUPINDUSSARUPINDUS	₹36 Cr	₹72 Cr	₹10 Cr	₹-0 Cr	9.3%	₹-4 Cr	3.5%	4%	—	1,752
Marc Loire Fashions LtdMARCLOIREMARCLOIRE	₹28 Cr	—	₹35 Cr	₹2 Cr	6.8%	₹2 Cr	5%	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	100	79	77	94	95	147	137	203	194	277	431
COGS	—	-49	-48	-61	-58	105	96	147	124	198	322
Gross profit	—	—	—	—	—	42	41	56	70	80	110
	91	121	115	145	145	34	32	42	52	54	71
	9	7	9	11	8	8	10	14	18	26	39
OPM %	9%	9.2%	12.1%	11.2%	8.3%	5.6%	6.9%	7%	9.4%	9.4%	9%
Depreciation	—	2	3	3	4	4	3	3	4	5	6
Interest	4	4	5	5	5	4	4	5	6	7	5
	0	1	0	1	1	1	1	1	1	0	0
Profit before tax	5	2	2	3	0	1	4	7	9	14	28
Tax	2	1	0	1	0	0	1	1	2	4	7
Tax %	35.4%	37.9%	16.6%	27.5%	36.4%	29%	31.4%	21.3%	26.3%	24.8%	25.6%
	3	1	2	2	0	1	3	5	7	11	21
PAT margin %	3.1%	1.7%	2.6%	2.4%	0.1%	0.7%	1.8%	2.5%	3.4%	3.9%	4.8%
EPS (₹)	2.2	—	1.4	1.6	0.1	0.7	1.8	3.7	4	6.2	11.8
EPS adjusted (₹)	—	—	—	—	0.1	0.7	1.8	3.3	3.7	6.2	11.8
	0%	—	0%	0%	0%	0%	0%	6.7%	12.4%	8.1%	4.2%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	14	16	18	18	18
Reserves	—	46	57	73	83	95	115
	—	31	58	64	67	64	53
	—	48	38	71	51	83	88
Total equity & liabilities	—	139	166	224	218	259	273
	57	58	68	73	79	83	89
CWIP	—	0	0	4	0	0	2
Investments	—	0	0	0	0	0	0
	—	81	99	147	139	177	182
Total assets	—	139	166	224	218	259	273

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17	-17	-2	2	20	25
	-3	-2	-14	-6	-8	-6
	-14	22	15	3	-11	-19
Net cash flow	-1	3	-1	-1	1	-0
Free cash flow	12	-20	-14	-6	12	10
CFO / Operating profit %	206.3%	-181.2%	-15.1%	10.1%	77.8%	64.8%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	28.4%	30%	27.7%	36.2%	28.7%	25.4%
EBITDA margin %	11.2%	8.3%	5.6%	6.9%	7%	9.4%	9.4%	9%
EBIT margin %	8.1%	4.3%	3.1%	4.5%	5.3%	7.3%	7.7%	7.7%
PAT margin %	2.4%	0.1%	0.7%	1.8%	2.5%	3.4%	3.9%	4.8%
Working capital
Receivable days	—	—	85	106	135	97	121	66
Inventory days	—	—	119	170	143	187	120	89
Payable days	—	—	125	95	135	101	117	69
NWC days	—	—	79	181	144	183	123	86
Leverage
Current ratio	—	—	1.36	1.35	1.3	1.4	1.31	1.41
Debt to EBITDA	—	—	3.8	6.06	4.52	3.66	2.44	1.35
Debt to equity	—	—	0.53	0.81	0.73	0.67	0.57	0.4
Interest coverage	1.7	1	1.4	1.9	2.3	2.5	3.1	6.3
Asset turnover	—	—	1.06	0.83	0.9	0.89	1.07	1.58
Return ratios
Return on assets %	—	—	0.7%	1.5%	2.3%	3%	4.2%	7.6%
Return on capital employed %	—	—	6.5%	8.6%	11.2%	12.7%	17.5%	24.5%
Return on equity %	—	—	1.6%	3.5%	5.8%	6.5%	9.7%	15.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.99%	70.99%	72.9%	72.9%	72.9%	72.9%	72.9%	72.9%	72.93%	72.93%	72.9%	72.93%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.26%	0.26%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.01%	29.01%	27.1%	27.1%	27.1%	27.1%	27.1%	27.1%	27.07%	27.07%	26.84%	26.81%
No. of shareholders	—	—	—	—	—	—	—	—	6,104	6,285	5,903	5,749

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Lehar Footwears Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

5

Final dividend3 Sept 2026 · ex-date₹0.5
Final dividend8 Sept 2025 · ex-date₹0.5
Final dividend3 Sept 2024 · ex-date₹0.3
Final dividend20 Sept 2023 · ex-date₹0.25
Interim dividend18 Aug 2023 · ex-date₹0.2

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

5 announcementsExport CSV

30 Sept 2026, 11:14 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	28.4%	30%	27.7%	36.2%	28.7%	25.4%
EBITDA margin %	11.2%	8.3%	5.6%	6.9%	7%	9.4%	9.4%	9%
EBIT margin %	8.1%	4.3%	3.1%	4.5%	5.3%	7.3%	7.7%	7.7%
PAT margin %	2.4%	0.1%	0.7%	1.8%	2.5%	3.4%	3.9%	4.8%
Working capital
Receivable days	—	—	85	106	135	97	121	66
Inventory days	—	—	119	170	143	187	120	89
Payable days	—	—	125	95	135	101	117	69
NWC days	—	—	79	181	144	183	123	86
Leverage
Current ratio	—	—	1.36	1.35	1.3	1.4	1.31	1.41
Debt to EBITDA	—	—	3.8	6.06	4.52	3.66	2.44	1.35
Debt to equity	—	—	0.53	0.81	0.73	0.67	0.57	0.4
Interest coverage	1.7	1	1.4	1.9	2.3	2.5	3.1	6.3
Asset turnover	—	—	1.06	0.83	0.9	0.89	1.07	1.58
Return ratios
Return on assets %	—	—	0.7%	1.5%	2.3%	3%	4.2%	7.6%
Return on capital employed %	—	—	6.5%	8.6%	11.2%	12.7%	17.5%	24.5%
Return on equity %	—	—	1.6%	3.5%	5.8%	6.5%	9.7%	15.7%

3 deals · 14 Mar 2022 – 12 Oct 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Oct 2022	UPHAR HOMFIN PRIVATE LIMITED	Bulk	BSE	Sell	1,00,000	₹108.45	₹1.08 Cr
14 Mar 2022	J S L ENTERPRISES	Bulk	BSE	Sell	2,30,609	₹37.10	₹0.86 Cr
14 Mar 2022	UPHAR HOMFIN PRIVATE LIMITED	Bulk	BSE	Buy	2,30,011	₹37.10	₹0.85 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
30 Sept 2026, 11:14 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 12:09 pm	Company Update General	Appoints Bollywood Actor 'Rajkummar Rao' As Brand Ambassador For Its In House Brand "Rannr"	PDF
10 Sept 2026, 5:52 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
10 Sept 2026, 1:14 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
3 Sept 2026, 10:23 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF

Lehar Footwears Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

5

1

Announcements

Not in the F&O segment

No fund holdings on record

5

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Lehar Footwears Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends5

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends5

Board meetings1

Announcements

Quarterly record

Annual reports

Credit ratings

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

5

1

5

1