Liberty Shoes Ltd(LIBERTSHOE)

NSE: LIBERTSHOEBSE: 526596

₹ 184.9-3.17%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 315 crWebsite: www.liberty.inUpdated: 24 Oct 2026

About

Liberty Shoes manufactures and trades footwear, accessories and lifestyle products through retail, e-commerce and wholesale networks. Its plants are in Haryana, Uttarakhand and Himachal Pradesh. Gross sales were Rs 73,999.11 lakh in FY26, up from Rs 67,548.06 lakh in FY25.^[1]

Business segments

The Board treats Footwear as the company's main business segment (FY25).^[2]
Lifestyle segment: sales of Rs 568.22 lakh in FY25 vs Rs 570.93 lakh in FY24.^[2]

Products and brands

The company makes and trades footwear, accessories and lifestyle products. Its Perfume and Lifestyle business is part of this range (FY26).^[1]
Partnership firms in Karnal belonging to the promoter group give the company exclusive rights to their trademarks, sub-brands, plants and distribution networks. The company pays franchise or licensing fees for these rights (FY26).^[1]
These arrangements expire on March 31, 2028. Before then, management expects to buy the rights, renew the arrangements or use other options (FY25).^[2]

Operations

Plants are at Karnal, Libertypuram and Gharaunda in Haryana, at Roorkee in Uttarakhand and at Ponta Sahib in Himachal Pradesh (FY26).^[1]
Employees: 2,602 as at March 31, 2026 vs 2,075 as at March 31, 2025.^[1]
The main raw materials are leather, synthetic materials, rubber, EVA, chemicals and packaging (FY26).^[1]
Operations run on an SAP S/4HANA ERP platform with business intelligence tools (FY26).^[1]
The company has no subsidiary, associate or joint venture (FY26).^[1]

Customers and distribution

Online sales go through its own D2C site, libertyshoesonline.com, and through Amazon, Flipkart, Myntra, AJIO and Coco & Blue (FY26).^[1]
In FY26 the company began selling on quick-commerce platforms, including Blinkit. It continued to expand across channels, especially in Tier-II and Tier-III cities.^[1]
The Safety Shoes division sells to institutional customers in manufacturing, construction and infrastructure. In FY26 it expanded into housing societies and recreational clubs.^[1]
In FY26 the Perfume and Lifestyle business grew its presence abroad, especially in the USA and Canada.^[1]

Capex

Capex was Rs 2,095.27 lakh in FY26, excluding leasehold rights, mainly on moulds, machinery, furniture and fixtures. It was funded from internal accruals, with no term loan taken.^[1]
Capital commitments not provided for were Rs 500 lakh in FY25 vs Rs 50 lakh in FY24.^[2]

Recent developments

CARE reaffirmed its ratings in FY26: CARE BBB+ (Stable) for long-term bank facilities and CARE A2 for short-term facilities.^[1]
The India-EU Free Trade Agreement was announced on January 27, 2026. India's leather and footwear exports to the EU are about Rs 20,900 crore.^[1]
The tax department started revision proceedings under Section 263 against the company's AY 2020-21 assessment. The company is also challenging that assessment (FY25).^[2]

Market Cap

₹315 Cr

High / Low

₹331 / 180

Stock P/E

36.8

Price / Book

1.4

Book Value

₹137

EPS

₹6.6

No. of Shares

1.7 Cr

ROCE

8.2%

ROE

4.9%

OPM

4.2%

Debt / Equity

0.34

Sales

₹740 Cr

Net Profit

₹11 Cr

Promoter holding

59.8%

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