Liberty Shoes share price & results
- Jun 2026
- Sept 2026
Indian footwear maker and retailer selling under the Liberty brand through owned/franchise stores and its own e-commerce site.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 170 | −1.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.0 | −1.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.68 | −79.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | −3.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | −2.5 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | +23.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −40.3% 1Y
1Y: ₹323.6 on 24 Oct 2025 → ₹193.34. High ₹323.6 (24 Oct 2025), low ₹183.19 (23 Oct 2026).
- Previous close
- ₹187.8
- Market cap
- ₹328 Cr
- 52-week range
- ₹183.19 – ₹323.6
- One year
- −40.22%
Overview
- Symbol
- NSE:LIBERTSHOE
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Liberty Shoes Limited does
Based on the company's own presentations, annual report and earnings calls.
Liberty Shoes designs, manufactures and retails footwear under the Liberty brand, with its roots dating to 1954. The company sells through a physical retail and franchise store network as well as its e-commerce vertical (libertyshoesonline.com), which it describes as its fastest-growing channel. Product development is carried out at four in-house "Human Tech Centres" that have produced footwear technologies such as Therma Step, Vibra Step, Nit Pro and Cloud Foam, supported by an NABL-accredited in-house materials testing lab and a SAP-integrated operating backend.
Segments
- Retail
- E-commerce
- Product innovation centres
- 4 in-house Human Tech Centres
- Manufacturing plant
- Libertypuram, Karnal, Haryana
- Materials testing lab
- NABL-accredited in-house lab
- Retail channels
- Owned stores, franchise network and e-commerce (libertyshoesonline.com)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2012 to Mar 2017).
Financials
What the filings say
Net profit, year on year: −80% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 160 | 188 | 173 | 174 | 181 | 212 | 170 |
| Expenses | 157 | 147 | 163 | 157 | 159 | 168 | 192 | 156 |
| Operating profit | 15 | 13 | 25 | 16 | 15 | 13 | 20 | 14 |
| Operating margin | 8.5% | 8.4% | 13.4% | 9.2% | 8.7% | 7.3% | 9.4% | 8.0% |
| Other income | -3 | 0 | -0 | 0 | 0 | -0 | 0 | -0 |
| Interest | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 7 | 7 | 13 | 8 | 8 | 8 | 10 | 8 |
| Profit before tax | 2 | 4 | 9 | 5 | 3 | 1 | 6 | 1 |
| Tax rate | 50.8% | 37.1% | 34.8% | 26.3% | 35.5% | 47.3% | 15.6% | 40.4% |
| Net profit | 1 | 2 | 6 | 3 | 2 | 1 | 5 | 1 |
| EPS (₹ per share) | 0.54 | 1.39 | 3.29 | 1.95 | 1.16 | 0.35 | 3.11 | 0.40 |
| Line item | Mar 2006 | Mar 2007 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 207 | 220 | 654 | 637 | 675 | 740 |
| Expenses | 175 | 190 | 593 | 570 | 606 | 676 |
| Operating profit | 32 | 30 | 62 | 67 | 69 | 64 |
| Other income | 1 | 1 | -0 | -5 | -2 | 1 |
| Interest | 4 | 8 | 12 | 14 | 13 | 16 |
| Depreciation | 4 | 5 | 32 | 34 | 33 | 34 |
| Profit before tax | 25 | 19 | 18 | 15 | 21 | 15 |
| Net profit | 19 | 15 | 13 | 11 | 14 | 11 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 172 | 181 | 192 | 206 | 211 | 217 |
| Borrowings | 125 | 160 | 147 | 156 | 165 | 166 |
| Other liabilities | 118 | 112 | 107 | 118 | 117 | 123 |
| Total liabilities | 432 | 471 | 464 | 497 | 511 | 523 |
| Fixed assets | 136 | 160 | 165 | 173 | 171 | 184 |
| Capital work in progress | 0 | 0 | 0 | 4 | 4 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 295 | 310 | 299 | 319 | 336 | 335 |
| Total assets | 432 | 471 | 464 | 497 | 511 | 523 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 33 | 38 | 94 | 88 | 74 | 80 |
| Cash from investing | -9 | -8 | -55 | -44 | -44 | -45 |
| Cash from financing | -24 | -30 | -39 | -43 | -30 | -35 |
| Net cash flow | 0 | -1 | 0 | 1 | 1 | 0 |
| Free cash flow | 23 | 38 | 94 | 88 | 74 | 80 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 87 | 72 | 49 | 56 | 63 | 54 |
| Inventory days | 347 | 257 | 237 | 206 | 223 | 204 |
| Days payable | 214 | 122 | 92 | 87 | 85 | 77 |
| Cash conversion cycle | 220 | 208 | 193 | 175 | 200 | 180 |
| Working capital days | 97 | 99 | 71 | 73 | 77 | 72 |
| Return on capital employed | 6.0% | 6.0% | 9.0% | 9.0% | 10.0% | 8.0% |
| Dividend payout | 0.0% | 190.0% | 33.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹193, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~-6%. At that growth it is worth ₹80 — downside of 59%.
- Growth the price implies
- 10.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -6.0% a year
- net profit, FY23–FY26 · EPS -6.0%
- The gap
- 0.2 pp
- -59% downside if it only repeats history
Ownership
Who owns it
Promoters hold 59.84% as of Sept 2026; institutions cut 0.01 pts since Jun 2026.
- Promoters 59.84%
- Foreign institutions 0.09%
- Domestic institutions 0.00%
- Government 0.00%
- Public 40.08%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.47 pp 3.91% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Liberty Shoes Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 26.25% | unchanged | |
| 3.99% | unchanged | |
| 3.91% | +0.47 pp | |
| 3.87% | unchanged | |
| 2.99% | unchanged | |
| 1.99% | unchanged | |
| 1.85% | unchanged | |
| 1.82% | unchanged | |
| 1.76% | unchanged | |
| 1.75% | unchanged | |
| 1.62% | unchanged | |
| 1.42% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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