BATA’s Peer Company Secures Order Worth Rs 298 Crore with National Small Industries Corporation, Keep it on Your Radar!

The company’s shares have delivered an impressive return of over 75 per cent in just 1 year.

The company has signed an agreement with National Small Industries Corporation to supply toolkits valued at Rs 298 crore (excluding GST). This initiative aims to enhance the capabilities and productivity of artisans and craftspeople registered under the PM Vishwakarma Scheme.

Incorporated in 1994, Lehar Footwears Ltd is a prominent mass-footwear manufacturer and brand distributor based in Rajasthan. As a family-owned business, the company specializes in non-leather footwear and serves customers across India with a diverse range of products, including open footwear (slippers/sandals) and school shoes. Their offerings cater to various needs, from casual and formal wear to daily and sports footwear, using materials such as Poly-Urethane (PU), Poly Vinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA), and Thermoplastic Rubber (TPR) soles.

On Friday, shares of Lehar Footwears Ltd closed at around Rs 242.45 per share. The company’s current market capitalization stands at Rs 428.62 crore. Additionally, the shares have delivered a multibagger return of over 445 per cent in the past 3 years.

As per the Quarterly Results, in Q1 FY25, Lehar Footwears Ltd recorded a revenue of Rs 63.20 crore from Rs 64.73 crore. The operating profit for Q1 FY25 stood at Rs 5.88 crore. The net profit for Q1 FY25 stood at Rs 2.38 crore compared to a profit of Rs 2.29 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 194 crore in FY24. The operating profit for FY24 was Rs 18 crore with a net profit of Rs 7 crore compared to a net profit of Rs 5 crore in FY23.

Investors must keep this Small-Cap company on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.