Investors continue to profit by owning shares of this popular shoe brand

Investors continue to profit by owning shares of this popular shoe brand

Indian Market
by 5paisa Research Team Last Updated: 2022-09-28T11:16:46+05:30

The stock of liberty shoes has generated a return of 90% in just three short months.

At Rs 272.95, shares of Liberty Shoes reached a new 52-week high today on the BSE. The price of the stock has increased by almost 9% after opening at Rs 245.20. The market capitalization of the company is equal to Rs 460.51 crore. The stock has generated a return of 90% in just three short months. At this time, the stock is being traded at a PE multiple of 41.6x. The price of the stock reached a high of Rs 272 and a low of Rs 124 over the past 52 weeks.

Through its retail and wholesale distribution network, Liberty Shoes Ltd operates a business that focuses on the production and distribution of footwear, accessories, and lifestyle goods to consumers. The product portfolio of the company includes a diverse selection of footwear, such as fashion footwear, dress shoes, sports shoes, slip-on, ballerinas, relaxed casuals, school shoes, and so on. In addition to manufacturing and selling army, navy, and CRPF boots, the company also produces and distributes industrial safety footwear. In addition to this, it sells a variety of accessories such as shoe care items, backpacks, belts, wallets, travel bags, handbags, and so on.

Additionally, the company has introduced a luxurious line of perfumes as well as associated skincare goods. A number of well-known brands, including Fortune, Warrior, Windsor, Senorita, Tiptop, Footfun, Perfect, and Force-10, are produced by this company. Both the company's own online store and those of its E-commerce partners, which include the likes of Amazon, Flipkart, Smytten, and Paytm, are used to sell the company's wares.

The company's trailing twelve-month sales came to Rs 551 crore. The operating margin of the company has been continually improving. The operating margin for the trailing twelve months has increased to 9.9% from 9.3% in FY22. The company's expenditures on raw materials have been going down recently. The position with the firm's cash flow is stable. During the fiscal year ending in FY22, the company's operations resulted in the generation of cash of 38 crores.


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