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Shares of this Indian shoe company are getting a lot of attention as it hits consecutive upper circuits
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Last Updated: 12th December 2022 - 09:50 am
As a result of the stock following a J-curve, investors saw a profit of 131% in just 10 days in Liberty Shoes stock.
Liberty Shoes company stock price started the day at Rs 385 and closed at Rs 402.20, a new record high. The stock's price has increased by 5%. Over the previous 52 weeks, the price of the stock has fluctuated between Rs 402 and Rs 124.75. The current price-earnings ratio for the stock is 57.79 times the company's Rs 657 crore market cap. Investors saw a return of 131% on their first investment in just 10 days.
The brand offers a wide variety of footwear, from formal to sporty to casual to school shoes. The company produces and sells both civilian and industrial safety footwear, in addition to military and police boots. Shoes aren't the only thing you can buy there; there's also a huge assortment of bags, belts, wallets, and handbags.
Some of the popular brands produced by this establishment are Fortune, Warrior, Windsor, Senorita, Tiptop, Footfun, Perfect, and Force-10. Products are offered for sale on the company's own e-commerce site in addition to those of Amazon, Flipkart, Smytten, and Paytm, among others. This organisation currently operates five factories in Haryana, Himachal Pradesh, and Uttarakhand, with a total annual production capacity of 1.06 crore pairs of shoes.
In the past year, business was good to the tune of Rs 551 crore. The company's operating margin expands each month. Operating margin increased to 9.9% in the past twelve months from 9.3% in FY22. The amount the business has had to spend on raw materials has dropped in recent months. The business's cash flow is stable. In the FY22 fiscal year, the business earned Rs 38 crore in cash from operations.
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