Skip to content

    Lehar Footwears

    Jaipur-based manufacturer of non-leather (EVA/PVC/PU) footwear — slippers, sandals, casual, school and sports shoes — under the Lehar and Rannr brands, plus government-scheme toolkit supply under PM Vishwakarma.

    Consumer Durables
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹436 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1414141618181818
    Reserves454657738395108115
    Borrowings4133586668665858
    Other Liabilities4546387050817383
    Total Liabilities145139166224218259257273
    AssetsFixed Assets5758687379838889
    CWIP00040002
    Investments00000000
    Other Assets888199147139177169182
    Total Assets145139166224218259257273

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating14617-17-222025
    Cash from Investing-4-6-3-2-14-6-8-6
    Cash from Financing-8-1-1422153-11-19
    SummaryCapital Expenditure
    Free Cash Flow10012-20-14-61210
    FCF Margin

    Valuation

    Assumptions

    Current — 532829
    Price
    ₹258
    EPS (TTM)
    ₹11.77
    PE (TTM)
    21.9
    Profit growth
    65.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (32.7×) and current (21.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹258
    vs
    Fair value · 15% return
    ₹1,722
    568%Undervalued

    At 65.2% growth and a 22× exit, ₹258 only delivers your return if you pay ₹1,722. The price is currently baking in 17% growth.

    EPS grows 65.2%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY2765.2%19.44
    FY2865.2%32.12
    FY2965.2%53.06
    FY3065.2%87.66
    FY3165.2%144.82
    FY3235.6% ·fade196.38
    FY336.0% ·fade208.16

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Lehar Footwears

    Guides on how to read this kind of business and the numbers that matter.