On 6 Nov 2026, Lehar Footwears was priced at ₹166.70, or 17.8× trailing earnings, against an industry P/E of 35.5×, and the shares are 42% below their 52-week high. It earns ROCE of 23% and ROE of 10%, and sales and net profit grew 29% and 60% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.51× equity. It is a small-cap company with a market cap of ₹295 Cr, ranked 12th of 27 Footwear & Accessories companies by market cap; the shares fell 30% over the past year.
- ₹174.00
- ₹174.00
- ₹163.00
- ₹167.60
- 2K
Health check
- ReturnsIn line
−30.2% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 17.8 vs industry 35.5.
- GrowthStrong
Sales +29.0%, profit +59.5% a year over 3 years.
- ProfitabilityStrong
ROCE 22.6% vs peer median 15.5%.
- Balance sheetFair
Debt 0.51× equity, interest covered 6.7×, Piotroski 8 of 9.
- Red flags3 to check
Quarterly profit down 58.5% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹295 Cr
- Small cap
- P/E
- 17.8
- Industry 35.5
- Price to book
- 2.13
- Peers 6.00
- Dividend yield
- 0.30%
- ROE
- 10.5%
- Peers 10.9%
- ROCE
- 22.6%
- Peers 15.5%
- Debt to equity
- 0.51
- Debt ₹70 Cr
- EPS (TTM)
- ₹9.39
- OPM (TTM)
- 9.1%
- Net margin 4.3%
- Sales growth
- −47.3%
- Latest quarter vs a year ago
- Profit growth
- −58.5%
- Latest quarter vs a year ago
- Price to sales
- 0.91
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Return on capital employed of 22.6%.
- P/E of 17.8 against an industry P/E of 35.5.
Risks to check
- Quarterly profit down 58.5% on a year ago.
- Quarterly sales down 47.3% on a year ago.
- 42% below its 52-week high.
About Lehar Footwears
Lehar Footwears Limited manufactures and sells footwear under the LEHAR brand in India and internationally. It offers men's and ladies' footwear, casual footwear, flip flops, kid sandals, ladies' and men's slippers, ladies' fashion and women's footwear, ladies sandals, sports shoes, men's sandals, school shoes, canvas shoes, EVA footwear, men's loafer shoes, and moccasins. The company was formerly known as Lawreshwar Polymers Limited and changed its name…
- Headquarters
- Jaipur
- Employees
- 955
- Sector
- Consumer Cyclical
- ISIN
- INE976H01018
- Website
- leharfootwear.com
Price range
- Avg volume (3M)
- 14.9K
- 1-year return
- minus 30.2%
- From 52-week high
- minus 41.5%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| LEHARLehar Footwears | 166.70 | minus 0.54% | 295 | 17.8 | 2.13 | 22.6% | 10.5% | 9.1% | 29.0% | 59.5% | 0.30% | minus 30.2% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 142 | 141 | 57.1 | 91.3 | 75 | |
| 130 | 128 | 51.5 | 83.2 | 67.9 | |
| 12.7 | 12.6 | 5.6 | 8 | 7 | |
| 8.9% | 9.0% | 9.9% | 8.8% | 9.4% | |
| 0.1 | 0.1 | 0 | 0.1 | 0.1 | |
| 1.6 | 1.2 | 1.2 | 1.2 | 1.4 | |
| 1.4 | 1.4 | 1.6 | 1.6 | 1.6 | |
| 9.7 | 10.1 | 2.9 | 5.3 | 4 | |
| 25.3% | 27.6% | 26.0% | 22.3% | 25.3% | |
| 7.3 | 7.3 | 2.1 | 4.1 | 3 | |
| 4.11 | 4.13 | 1.21 | 2.34 | 1.71 |
Profit & loss
- Sales CAGR 3Y
- +29.0%
- Profit CAGR 3Y
- +59.5%
- EPS CAGR 3Y
- +46.9%
- ROE
- 10.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 200 | 194 | 274 | 430 | |
| – | minus 3.0% | +41.3% | +56.6% | |
| 184 | 176 | 248 | 389 | |
| 15.8 | 18.4 | 26.4 | 41 | |
| 7.9% | 9.5% | 9.6% | 9.6% | |
| −0 | 0.5 | −0.5 | −0.2 | |
| 4.9 | 5.8 | 6.4 | 4.9 | |
| 3.5 | 4.1 | 4.9 | 5.9 | |
| −0.9 | −0.1 | −0.2 | −2 | |
| 6.5 | 8.9 | 14.4 | 28 | |
| 21.4% | 26.3% | 24.8% | 25.6% | |
| 5.1 | 6.6 | 10.9 | 20.8 | |
| – | +27.8% | +65.7% | +91.7% | |
| 3.72 | 4.76 | 6.15 | 11.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.7 | 17.7 | 17.7 | 17.7 | |
| 71.1 | 82.8 | 94.8 | 115 | |
| 65.5 | 67.5 | 65.6 | 57.9 | |
| 70.1 | 50.4 | 81.4 | 82.7 | |
| 222 | 218 | 259 | 273 | |
| 75.4 | 79 | 82.3 | 90.7 | |
| 4.1 | – | – | 2.5 | |
| 0.5 | – | 0.4 | – | |
| 6.6 | 0.8 | 2.3 | 2.2 | |
| 136 | 139 | 174 | 178 | |
| 222 | 218 | 259 | 273 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.1 | 1.8 | 20.3 | 25.3 | |
| −14 | −5.7 | −7.7 | −6.4 | |
| 14.7 | 3.2 | −11.1 | −18.9 | |
| −1.4 | −0.7 | 1.5 | −0 | |
| −12.3 | −8.2 | −8.3 | −15.1 | |
| −14.4 | −6.4 | 12 | 10.2 | |
| – | −0.7 | −0.5 | −0.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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