880 Per Cent Returns: Multibagger Footwear Stock Bags Rs 22 Crore Orders, Stock Declines
The company will supply socks, shoes, school bags, and ankle boots under these contracts.
A leading footwear company Lehar Footwears Ltd has secured multiple work orders worth Rs 22.01 crore (including GST) from Tamil Nadu Textbook and Educational Services Corporation and Government of Andhra Pradesh Samagra Shiksha. Despite this, the stock slipped 2.41 per cent from its previous close to Rs 194.
Order Details
The company will supply socks, shoes, school bags, and ankle boots under these contracts. The Tamil Nadu order covers supply and delivery of shoes, socks, school bags, and ankle boots, while the Andhra Pradesh contract involves providing students with a pair of shoes and two pairs of socks. The orders are set to be completed within 90-120 days from the purchase order issuance.
Q3 FY25 Financial Performance
The company reported an 87 per cent YoY jump in revenue, reaching Rs 66.9 crore in Q3 FY25, compared to Rs 35.8 crore in the year-ago quarter. EBITDA surged 56 per cent YoY to Rs 6.10 crore, up from Rs 3.92 crore. Net profit soared 112 per cent YoY, hitting Rs 2.18 crore, compared to Rs 1.03 crore in Q3 FY24. EPS grew 95 per cent YoY to Rs 1.23 from Rs 0.63 last year.
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Stock Performance
Despite the recent decline, the stock has gained 49.52 per cent over the past year, outperforming the Nifty’s 1.42 per cent drop. Over the past five years, the company has delivered staggering 879.31 per cent returns, firmly positioning itself as a multibagger stock. The company's market capitalization stands at Rs 343 crore.
About the Company
Founded in 1994, the company is a leading manufacturer and distributor of non-leather footwear in India. Specializing in open footwear, school shoes, and daily wear, it caters to a vast market with products made from PU, PVC, EVA, and TPR soles. With a strong presence in both domestic and institutional segments, the company continues to expand its footprint through strategic orders and partnerships.
With robust earnings growth, a strong market presence, and a fresh Rs 22 crore order book, this Small-Cap footwear stock remains a compelling player in the industry.
Disclaimer: This article is for informational purposes only and not an investment advice.