Liberty Shoes (LIBERTSHOE) had a P/E of 39.2× on 6 Nov 2026, above the industry P/E of 35.5×, and the shares are 38% below their 52-week high. Sales grew 4.3% a year over 3 years while net profit fell 4.7%, with ROCE of 8.6% and ROE of 4.9%. Debt is 0.71× equity. It is a small-cap company with a market cap of ₹337 Cr, ranked 11th of 27 Footwear & Accessories companies by market cap; the shares fell 38% over the past year.
- ₹197.60
- ₹199.00
- ₹192.30
- ₹196.65
- 8.3K
Health check
- ReturnsIn line
−37.6% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 39.2 vs industry 35.5.
- GrowthSteady
Sales +4.3%, profit −4.7% a year over 3 years.
- ProfitabilityWeak
ROCE 8.6% vs peer median 15.5%.
- Balance sheetFair
Debt 0.71× equity, interest covered 2.0×, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 4.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹337 Cr
- Small cap
- P/E
- 39.2
- Industry 35.5
- Price to book
- 1.43
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- 4.9%
- Peers 10.9%
- ROCE
- 8.6%
- Peers 15.5%
- Debt to equity
- 0.71
- Debt ₹166 Cr
- EPS (TTM)
- ₹5.04
- Face value ₹10
- OPM (TTM)
- 8.5%
- Net margin 1.2%
- Sales growth
- −1.7%
- Latest quarter vs a year ago
- Profit growth
- −79.5%
- Latest quarter vs a year ago
- Price to sales
- 0.46
- EV/EBITDA 7.4
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 58.5% to 59.8%.
Risks to check
- Return on equity is low at 4.9%.
- Quarterly profit down 79.5% on a year ago.
- Quarterly sales down 1.7% on a year ago.
- 38% below its 52-week high.
About Liberty Shoes
Liberty Shoes Ltd. manufactures and trades in footwear, accessories, and lifestyle products in India and internationally. The company offers formal shoes, casual shoes, sports and active footwear, sandals, slippers, boots, slip-ons, lifestyle and comfort footwear, kids' footwear, safety and industrial footwear, and lifestyle accessories under the Healers, Leap7X, Lucy & Luke, AHA, Prefect, Warrior, Freedom, Coolers, Gliders, Fortune, Senorita, Force10,…
- Headquarters
- Karnal
- Employees
- 2,602
- Sector
- Consumer Cyclical
- ISIN
- INE557B01019
- Website
- libertyshoes.com
Price range
- Avg volume (3M)
- 24.9K
- 1-year return
- minus 37.6%
- From 52-week high
- minus 37.9%
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% |
| LIBERTSHOELiberty Shoes | 197.61 | plus 0.49% | 337 | 39.2 | 1.43 | 8.6% | 4.9% | 3.2% | 4.3% | −4.7% | 0.00% | minus 37.6% |
| 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 | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 188 | 173 | 181 | 212 | 170 | |
| – | – | – | +13.0% | minus 1.7% | |
| 163 | 157 | 168 | 192 | 156 | |
| 25.1 | 16 | 13.2 | 20 | 13.5 | |
| 13.4% | 9.2% | 7.3% | 9.4% | 8.0% | |
| 0.1 | 0.2 | 0 | 0.2 | 0 | |
| 3.9 | 3.8 | 3.8 | 4.3 | 4.3 | |
| 12.5 | 7.8 | 8.3 | 9.7 | 8 | |
| −0.3 | 0 | −0.1 | 0.1 | −0.1 | |
| 8.6 | 4.5 | 1.1 | 6.3 | 1.1 | |
| 34.8% | 26.3% | 47.2% | 15.6% | 40.0% | |
| 5.6 | 3.3 | 0.6 | 5.3 | 0.7 | |
| – | – | – | minus 5.5% | minus 79.5% | |
| 3.29 | 1.95 | 0.35 | 3.13 | 0.40 |
Profit & loss
- Sales CAGR 3Y
- +4.3%
- Profit CAGR 3Y
- −4.7%
- EPS CAGR 3Y
- −4.7%
- ROE
- 4.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 651 | 636 | 675 | 739 | |
| – | minus 2.4% | +6.1% | +9.6% | |
| 591 | 571 | 605 | 672 | |
| 60.1 | 65.2 | 69.3 | 66.7 | |
| 9.2% | 10.2% | 10.3% | 9.0% | |
| 0.6 | 1.4 | 0.2 | 0.8 | |
| 10.5 | 12.6 | 12.2 | 15.2 | |
| 31.7 | 33.8 | 32.8 | 34 | |
| −0.7 | −5 | −3.6 | −3.4 | |
| 17.9 | 15.3 | 20.9 | 15 | |
| 27.7% | 27.0% | 35.0% | 25.3% | |
| 12.9 | 11.2 | 13.6 | 11.2 | |
| – | minus 13.6% | +21.5% | minus 17.5% | |
| 7.58 | 6.55 | 7.96 | 6.57 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17 | 17 | 17 | 17 | |
| 181 | 192 | 206 | 217 | |
| 160 | 147 | 156 | 166 | |
| 112 | 107 | 118 | 123 | |
| 471 | 464 | 497 | 523 | |
| 160 | 164 | 178 | 189 | |
| 0.4 | 0.3 | 4.8 | 5.2 | |
| 0.1 | 0.3 | 0.9 | 1 | |
| 1.6 | 2.6 | 3.3 | 2.9 | |
| 309 | 296 | 310 | 325 | |
| 471 | 464 | 497 | 523 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 94 | 88.2 | 74.5 | 79.8 | |
| −55.7 | −44.4 | −44.2 | −45.3 | |
| −38.7 | −43.2 | −29.9 | −34.8 | |
| −0.4 | 0.5 | 0.4 | −0.3 | |
| 94 | 88.2 | 74.5 | 79.8 | |
| −4.3 | – | – | – |
Shareholding pattern
- Promoters59.83%
- Public40.17%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.83% | 40.17% | plus 0.50 | |
| 30 Jun 2026 | 59.33% | 40.67% | plus 0.23 | |
| 31 Mar 2026 | 59.10% | 40.90% | plus 0.64 | |
| 31 Dec 2025 | 58.46% | 41.54% | minus 0.06 | |
| 30 Sep 2025 | 58.52% | 41.48% | – |
Major shareholders
Filings & events
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