What's in store for Indian footwear companies? footwear sector

What's in store for Indian footwear companies? footwear sector

by Tanushree Jaiswal Last Updated: Sep 07, 2023 - 05:09 pm 1.2k Views
Listen icon

About footwear sector

The footwear industry in India is a very important segment of the leather industry; in fact, it is the engine of growth for the entire Indian leather industry. After China, India is the world's second-largest footwear producer, accounting for 13% of global footwear production of 16 billion pairs.

Footwear Sector production capacity

The footwear industry employs approximately 7,000 people and contributes significantly to the country's economy and foreign exchange earnings. According to the minister, nearly 40% of those employed in the sector are women, and for every 1000 pairs produced/sold, 425 jobs are created. India produces 2065 million pairs of various types of footwear (909 million pairs of leather footwear, 100 million pairs of leather shoe uppers, and 1056 million pairs of non-leather footwear). India exports approximately 115 million pairs. As a result, nearly 95% of its output is used to meet domestic demand.

Production centres of footwear 

Chennai, Ranipet, Ambur in Tamil Nadu, Mumbai in Maharashtra, Kanpur in Uttar Pradesh, Jalandhar in Punjab, Agra, Delhi, Karnal, Ludhiana, Sonepat, Faridabad, Pune, Kolkata, Calicut, and Ernakulam are the major production centres in India.

Global Outlook and India's Market Share

The global import of footwear (both leather and non-leather) increased by 2.1% from USD 124.43 billion in 2013 to USD 134.943 billion in 2017. In 2017, India accounted for 2% of global imports.

In India there are only 7 listed footwear companies, do you own any? 

Sr. No  

Company Name  

LTP (Rs)  

PE Ratio (x)  

ROE (%)  

6 Months Returns (%)  

1 Year Returns (%)  

1  

Mayur Leather Products Ltd.  

5.61  

-1.93  

-12.38  

-27.43  

-44.29  

2  

Lehar Footwears Ltd.  

70.74  

30.48  

5.65  

-29.12  

104.75  

3  

Liberty Shoes Ltd.  

184.95  

23.14  

1.20  

-38.69  

28.75  

4  

Superhouse Ltd.  

234.4  

7.63  

7.90  

3.67  

46.04  

5  

Mirza International Ltd.  

252.45  

21.59  

16.17  

-20.95  

60.95  

6  

Campus Activewear Ltd.  

316.7  

99.58  

29.26  

-43.34  

-16.75  

7  

Relaxo Footwears Ltd.  

815.6  

131.75  

14.00  

-15.4  

-20.28  

 

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 16 April 2024

Our markets started the week on a negative note owing to the rising geopolitical tensions seen over the weekend. Nifty witnessed some pullback from the opening hour low of 22260, but it witnessed selling pressure at higher levels and ended the day around 22270 with a loss of over a percent.

How are Gifts Taxed?

Exploring the complexities of gift taxes reveals a complicated network of restrictions and exclusions. In this article, we will address the fundamental subject of ‘’how gifts are taxed’’. Understanding the subtleties of present tax legislation is essential for everybody trying to traverse the panorama of giving without incurring unexpected monetary liabilities. We want to simplify the process by delving into the complexities of exclusions and taxable gift levels.

How to Create a Personal Budget in 6 Steps?

Budgeting is the most essential step when it comes to managing your income efficiently. While budgeting has a lot of advantages, a key benefit includes tracking down your expenses and controlling them according to your choice. This helps to reduce unnecessary expenses and also helps you save your hard-earned money for better purposes. Although, a lot of people out there don’t know how to make a monthly budget.