Past 10 year’s financial track record analysis by Moneyworks4me indicates that Lehar Footwears Ltd is a below average quality company.
The key valuation ratios of Lehar Footwears Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Lehar Footwears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.7% | 12.5% | 8.4% | 8.7% | 9.7% | 6.4% | 6.9% | 9% | 10.3% | 10.9% | - |
| Value Creation Index ⓘ | -0.2 | -0.1 | -0.4 | -0.4 | -0.3 | -0.5 | -0.5 | -0.4 | -0.3 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 83.7 | 100 | 73.3 | 74.6 | 94 | 94.7 | 147 | 137 | 203 | 194 | 175 |
| Sales YoY Gr. | - | 19.6% | -26.8% | 1.8% | 26% | 0.8% | 55.3% | -6.6% | 47.3% | -4.1% | - |
| Adj EPS ⓘ | 1.5 | 2.2 | 1 | 1.4 | 1.7 | -0.3 | 0.4 | 1.6 | 3.1 | 3.6 | 3.3 |
| YoY Gr. | - | 53.8% | -56.1% | 43.9% | 20.6% | -119.4% | NA | 278.1% | 99.4% | 17.2% | - |
| BVPS (₹) ⓘ | 23.5 | 25.7 | 25.7 | 27.7 | 29.2 | 31 | 31.6 | 33.3 | 38.7 | 43.4 | 46.3 |
| Adj Net Profit ⓘ | 2 | 3.1 | 1.3 | 1.9 | 2.3 | -0.5 | 0.6 | 2.1 | 4.8 | 6.4 | 6 |
| Cash Flow from Ops. ⓘ | -1.9 | 1.2 | 4.4 | 9.3 | 13.9 | 6.4 | 17.1 | -17.2 | -2.2 | 1.8 | - |
| Debt/CF from Ops. ⓘ | -15.6 | 32.6 | 9.7 | 4.7 | 2.9 | 6.5 | 1.8 | -3.3 | -30 | 36.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.8% | 15.6% | 9.7% | -4.1% | ||||
| Adj EPS ⓘ | 10.7% | 16.3% | 106.7% | 17.2% | ||||
| BVPSⓘ | 7.1% | 8.3% | 11.2% | 12.1% | ||||
| Share Price | 24.3% | 65.5% | 72.4% | 73.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.9 | 8.4 | 3 | 3.6 | 4.2 | -0.8 | 0.9 | 3.2 | 6.1 | 6.7 | 7.5 |
| Op. Profit Mgn % ⓘ | 8.2 | 10.1 | 10.3 | 12.5 | 11.3 | 8.3 | 5.7 | 7.3 | 7.2 | 9.5 | 10.3 |
| Net Profit Mgn % ⓘ | 2.4 | 3.1 | 1.8 | 2.6 | 2.5 | -0.5 | 0.4 | 1.5 | 2.4 | 3.3 | 3.4 |
| Debt to Equity ⓘ | 0.9 | 1.1 | 1.2 | 1.1 | 1 | 1 | 0.7 | 1.3 | 1.1 | 0.9 | 0.1 |
| Working Cap Days ⓘ | 211 | 212 | 312 | 350 | 285 | 298 | 202 | 226 | 207 | 255 | 178 |
| Cash Conv. Cycle ⓘ | 129 | 137 | 166 | 156 | 118 | 131 | 84 | 113 | 117 | 137 | 47 |
Return on Equity has increased versus last 3 years average to 7.40%
Net Profit is growing at healthy rate in last 3 years 106.68%
Debt to equity has declined versus last 3 years average to 0.87
Sales growth has been subdued in last 3 years 9.71%
Sales growth is not so good in last 4 quarters at -14.71%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.3 | 0.6 |
| TTM Sales (₹ Cr.) | 175 | 64.6 |
| BVPS (₹.) ⓘ | 46.3 | 0 |
| Reserves (₹ Cr.) ⓘ | 63 | 14 |
| P/BV ⓘ | 5.19 | 0.00 |
| PE ⓘ | 71.97 | 374.12 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 117.05 / 275.00 |
| All Time Low / High (₹) | 2.65 / 275.00 |
| Market Cap (₹ Cr.) | 425 |
| Equity (₹ Cr.) | 17.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 66.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 100 | 73 | 75 | 94 | 95 | 147 | 137 | 203 | 194 |
| Operating Expenses ⓘ | 77 | 90 | 66 | 65 | 83 | 87 | 139 | 128 | 188 | 176 |
| Manufacturing Costs | 11 | 17 | 15 | 16 | 16 | 22 | 26 | 25 | 31 | 34 |
| Material Costs | 55 | 60 | 44 | 42 | 57 | 52 | 99 | 87 | 137 | 116 |
| Employee Cost | 2 | 3 | 4 | 4 | 5 | 7 | 7 | 8 | 10 | 11 |
| Other Costs ⓘ | 8 | 10 | 3 | 4 | 5 | 5 | 7 | 7 | 10 | 15 |
| Operating Profit ⓘ | 7 | 10 | 8 | 9 | 11 | 8 | 8 | 10 | 15 | 18 |
| Operating Profit Margin (%) | 8.1% | 10.1% | 10.3% | 12.5% | 11.3% | 8.3% | 5.7% | 7.3% | 7.2% | 9.4% |
| Other Income ⓘ | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 3 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 5 | 6 |
| Depreciation ⓘ | 1 | 2 | 2 | 3 | 3 | 4 | 4 | 3 | 3 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 5 | 2 | 2 | 3 | 0 | 1 | 4 | 7 | 9 |
| Tax ⓘ | 1 | 2 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 2 |
| Profit After Tax | 2 | 3 | 1 | 2 | 2 | 0 | 1 | 3 | 5 | 7 |
| PAT Margin (%) | 2.6% | 3.1% | 1.8% | 2.6% | 2.3% | 0.1% | 0.7% | 1.8% | 2.5% | 3.4% |
| Adjusted EPS (₹) | 1.6 | 2.2 | 1.0 | 1.4 | 1.6 | 0.1 | 0.7 | 1.8 | 3.3 | 3.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 35 | 38 | 52 | 54 | 56 | 59 | 60 | 71 | 86 | 102 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 16 | 18 |
| Reserves ⓘ | 21 | 24 | 38 | 41 | 43 | 45 | 46 | 57 | 71 | 85 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 27 | 35 | 39 | 40 | 37 | 39 | 27 | 52 | 59 | 61 |
| Long Term Debt | 9 | 10 | 10 | 9 | 8 | 9 | 14 | 14 | 15 | 11 |
| Short Term Debt | 18 | 25 | 29 | 31 | 29 | 30 | 13 | 38 | 44 | 50 |
| Trade Payables | 11 | 12 | 20 | 22 | 23 | 33 | 35 | 25 | 54 | 34 |
| Others Liabilities ⓘ | 6 | 8 | 12 | 16 | 14 | 14 | 18 | 18 | 25 | 23 |
| Total Liabilities ⓘ | 79 | 94 | 123 | 133 | 130 | 145 | 140 | 166 | 224 | 220 |
Fixed Assets | ||||||||||
| Gross Block | 25 | 35 | 59 | 65 | 70 | 76 | 81 | 93 | 101 | 110 |
| Accumulated Depreciation | 8 | 10 | 9 | 12 | 15 | 19 | 23 | 25 | 28 | 29 |
| Net Fixed Assetsⓘ | 17 | 25 | 50 | 53 | 55 | 57 | 58 | 68 | 73 | 81 |
| CWIP ⓘ | 7 | 4 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 23 | 25 | 23 | 30 | 29 | 41 | 34 | 45 | 57 | 63 |
| Trade Receivables | 22 | 31 | 31 | 29 | 27 | 33 | 35 | 40 | 75 | 52 |
| Cash Equivalents | 2 | 1 | 1 | 1 | 3 | 2 | 1 | 5 | 5 | 3 |
| Others Assetsⓘ | 8 | 7 | 19 | 18 | 17 | 12 | 11 | 9 | 9 | 21 |
| Total Assets ⓘ | 79 | 94 | 123 | 133 | 130 | 145 | 140 | 166 | 224 | 220 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 1 | 4 | 9 | 14 | 6 | 17 | -17 | -2 | 2 |
| PBT ⓘ | 3 | 5 | 2 | 2 | 3 | 0 | 1 | 4 | 7 | 9 |
| Adjustment ⓘ | 4 | 6 | 6 | 7 | 8 | 8 | 8 | 7 | 8 | 9 |
| Changes in Working Capital ⓘ | -8 | -8 | -3 | -0 | 3 | -1 | 8 | -27 | -15 | -15 |
| Tax Paid ⓘ | -1 | -1 | -1 | 0 | -1 | -1 | 0 | 0 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | -2 | -6 | -6 | -7 | -4 | -6 | -3 | -2 | -14 | -6 |
| Capex | -1 | -10 | -10 | -7 | -4 | -3 | -5 | -3 | -12 | -8 |
| Net Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2 | 4 | 4 | 0 | 0 | -3 | 2 | 0 | -2 | 2 |
| Cash Flow From Financing Activityⓘ | 5 | 4 | 1 | -3 | -8 | -1 | -14 | 22 | 15 | 3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 8 |
| Net Proceeds from Borrowing ⓘ | 8 | 2 | 0 | -1 | -1 | 0 | 7 | 1 | 1 | -4 |
| Interest Paid ⓘ | -3 | -4 | -4 | -5 | -5 | -5 | -4 | -4 | -5 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | -1 | 6 | 5 | 2 | -2 | 3 | -17 | 25 | 6 | 5 |
| Net Cash Flow ⓘ | 1 | 0 | 0 | 0 | 2 | -1 | -1 | 3 | -1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.91 | 9.07 | 3.72 | 5.35 | 5.66 | 0.16 | 2.28 | 5.65 | 9.66 | 9.55 |
| ROCE (%) | 10.73 | 12.53 | 8.37 | 8.69 | 9.73 | 6.41 | 6.87 | 9.02 | 10.26 | 10.92 |
| Asset Turnover Ratio | 1.16 | 1.16 | 0.73 | 0.61 | 0.73 | 0.71 | 1.06 | 0.92 | 1.06 | 0.89 |
| PAT to CFO Conversion(x) | -1 | 0.33 | 4 | 4.5 | 7 | N/A | 17 | -5.67 | -0.4 | 0.29 | Working Capital Days |
| Receivable Days | 84 | 95 | 142 | 140 | 106 | 113 | 83 | 97 | 101 | 117 |
| Inventory Days | 91 | 88 | 110 | 124 | 113 | 132 | 92 | 103 | 90 | 111 |
| Payable Days | 63 | 70 | 133 | 182 | 147 | 197 | 126 | 126 | 106 | 140 |
Lawreshwar Polymers (LPL) was originally incorporated as Lawreshwar Polymers Private Limited on March 31, 1994 with Registrar of Companies,Rajasthan and was subsequently converted into Public Limited Company with effect from May 27, 1996 and consequently the name of the Company was changed to Lawreshwar Polymers Limited. The Company is promoted by Raj Kumar Agarwal along with Mohan Lal Agarwal and Naresh Agarwal.
The company was established with the object of manufacturing of canvas shoes, lightweight hawai chappals & EVA Injection footwear.
The company commenced its production on May 11, 1995 with an installed capacity of 45 Lac pairs per annum and within a span of one year it had been successful in achieving envisaged results and able to establish an effective sales network in Rajasthan as well as other states. The company has successfully established its brand name “Lehar†in the market within a very short period.
At present the company is having an annual installed capacity of 75 Lac pairs of Hawai Chappals, 12 Lac pairs of Canvas shoes and 9.87 Lac pairs of EVA Injected footwear. The company manufactures a variety of footwear like light weight fancy slippers, PVC and TPR footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. The company is proposing to diversify its product line by manufacturing of PU Sole Footwear and intend to expand the present EVA manufacturing facilities.
The company has installed machines of latest technology and other devices to make most efficient use of available resources as well as to maintain high standards of footwear manufacturing.
Product range of the company includes:
Milestones
Awards & Achievements:
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