Lehar Footwears Share Price Target 2025 to 2040 Forecast & Fundamentals

Published on: September 25, 2024

Here, we are going to share Lehar Footwears Share Price Target 2025 to 2040 on the basis of its fundamental and technical analysis.

Lehar Footwears is an Indian footwear company known for producing a range of footwear products including shoes, sandals, slippers, and flip-flops. The company targets various market segments with its affordable and comfortable footwear.

The company has a strong manufacturing base in India, equipped with modern facilities to produce a wide range of footwear at scale.

The company is also exploring sustainable manufacturing practices and incorporating innovative designs to meet changing consumer preferences.

Lehar Footwears Company Overview

Founded: 1994
Founder: Sri Tulsi Ram Gupta
Headquarters: Jaipur, Rajasthan,
No of Employees: Approx. 500-1000
Listed in: BSE
Industry: Footwear Manufacturing and Retail
Key Areas of Focus: Production of affordable and durable footwear
Global Presence: Primarily focused on the Indian market, but also exports to several countries, including parts of Asia and Africa.
Financial Performance: Last Year Sales growth was negative 4.09% while profit growth was positive 27.84%

Lehar Footwears Share Key Information

Company Name	Lehar Footwears Ltd
Headquarters	Jaipur, Rajasthan,
Sectors	Footwear Manufacturing and Retail
Market Cap	₹ 388.05 Cr.
No. of Shares	1.77 Cr.
Book Value	₹44.75
Dividend Yield	0%
ROCE	10.92%
ROE	9.55%
Face Value	₹10
Sales Growth	-4.09%
Profit Growth	27.84%
Debt	₹66.80 Cr

Lehar Footwears Business Sector

Men’s Footwear: Includes casual shoes, formal shoes, sports shoes, and sandals.

Women’s Footwear: Features a variety of sandals, slippers, and casual shoes.

Kids’ Footwear: Offers colorful and comfortable shoes, sandals, and slippers for children.

Board Members

Ravindra Kumar Sharma – Chairman and Managing Director
Pradeep Sharma – Whole-time Director
Sanjay Agarwal – Independent Director
Niranjan Lal Nuwal – Independent Director
Kalpana Sharma – Director

Lehar Footwears Share Quarterly Results

PARTICULARS	Mar 2024	Jun 2024
Net Sales	38.06	63.20
Total Expenditure	34.33	57.32
Operating Profit	3.74	5.88
Other Income	0.47	0.10
Interest	1.46	1.60
Depreciation	1.13	1.22
Exceptional Items	0	0
Profit Before Tax	1.62	3.16
Tax	0.40	0.78
Profit After Tax	1.22	2.38
Adjusted EPS (Rs)	0.69	1.35

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Lehar Footwears Company Profits and Losses

PARTICULARS	Mar 2023	Mar 2024
Net Sales	202.55	194.26
Total Expenditure	188.01	175.94
Operating Profit	14.54	18.32
Other Income	0.76	0.83
Interest	5.32	5.91
Depreciation	3.46	4.33
Exceptional Items	0	0
Profit Before Tax	6.52	8.90
Tax	1.39	2.34
Net Profit	5.13	6.56
Adjusted EPS (Rs.)	3.27	3.71

Lehar Footwears Share Price Target 2025-2040

Year	Initial Target	Year-End Target
2025	₹235	₹260
2026	₹262	₹291
2027	₹294	₹320
2028	₹323	₹360
2029	₹365	₹401
2030	₹401	₹439
2035	₹536	₹595
2040	₹701	₹820

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Lehar Footwears Share Price Target 2025

Year/Month	Predicted Target
January 2025	₹235
February 2025	₹239
March 2025	₹243
April 2025	₹241
May 2025	₹238
June 2025	₹242
July 2025	₹245
August 2025	₹249
September 2025	₹253
October 2025	₹259
November 2025	₹255
December 2025	₹260

Lehar Footwears Share Price Target 2026

Year/Month	Predicted Target
January 2026	₹262
February 2026	₹265
March 2026	₹269
April 2026	₹267
May 2026	₹271
June 2026	₹275
July 2026	₹277
August 2026	₹272
September 2026	₹278
October 2026	₹282
November 2026	₹286
December 2026	₹291

Lehar Footwears Share Price Target 2027

Year/Month	Predicted Target
January 2027	₹294
February 2027	₹296
March 2027	₹297
April 2027	₹299
May 2027	₹298
June 2027	₹302
July 2027	₹307
August 2027	₹311
September 2027	₹315
October 2027	₹310
November 2027	₹315
December 2027	₹320

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Lehar Footwears Share Price Target 2028

Year/Month	Predicted Target
January 2028	₹323
February 2028	₹328
March 2028	₹331
April 2028	₹336
May 2028	₹339
June 2028	₹335
July 2028	₹343
August 2028	₹349
September 2028	₹356
October 2028	₹352
November 2028	₹355
December 2028	₹360

Lehar Footwears Share Price Target 2029

Year/Month	Predicted Target
January 2029	₹365
February 2029	₹369
March 2029	₹371
April 2029	₹375
May 2029	₹379
June 2029	₹374
July 2029	₹382
August 2029	₹386
September 2029	₹389
October 2029	₹393
November 2029	₹395
December 2029	₹401

Lehar Footwears Share Price Target 2030

Year/Month	Predicted Target
January 2030	₹401
February 2030	₹403
March 2030	₹407
April 2030	₹409
May 2030	₹413
June 2030	₹410
July 2030	₹415
August 2030	₹423
September 2030	₹431
October 2030	₹427
November 2030	₹432
December 2030	₹439

Lehar Footwears Share Price Target 2035

Year/Month	Predicted Target
January 2035	₹536
April 2035	₹548
July 2035	₹568
October 2035	₹573
December 2035	₹595

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Lehar Footwears Share Price Target 2040

Year/Month	Predicted Target
January 2040	₹701
April 2040	₹735
July 2040	₹768
October 2040	₹789
December 2040	₹820

Lehar Footwears Shareholding Pattern

Terms	Percentage
Promoters	72.9%
FIIs	0%
DIIs	0%
Others	0%
Public	27.1%

Lehar Footwears Company Competitors

Bata India
Campus Activewear
Khadim India
Mirza International
NB Footwear

Bull Case of Lehar Footwears (Reasons to Invest)

Profit Growth: In the June 2024 quarter, Lehar Footwears saw a 3.93% increase in net profit, rising to ₹2.38 crore compared to ₹2.29 crore in the same quarter of the previous year. This indicates stable profitability despite a slight drop in sales. The company’s operating profit margin also improved, suggesting better cost management or operational efficiency gains.

New Orders and Expansion: Lehar Footwears secured a significant order worth ₹298 crore from the National Small Industries Corporation Ltd under the PM Vishwakarma Scheme. This deal is likely to boost future revenues and enhance the company’s reputation and capability to deliver large-scale projects

Strong Stock Performance: The stock has performed impressively over the last year, with an 87.38% increase over the past three months and a 76.04% gain in the past year. This highlights strong investor confidence and favorable market sentiment

Bear Case of Lehar Footwears (Risks Involved)

Declining Sales: The company’s sales fell by 2.36% in the June 2024 quarter, dropping to ₹63.20 crore from ₹64.73 crore in the previous year. A consistent decline in sales could point to market share loss or decreased demand.

High Valuation: With a P/E ratio of 297.89, the stock is significantly overvalued compared to industry averages. This high valuation could make the stock susceptible to corrections, especially if growth expectations are not met.

Dependency on Government Orders: A large part of the recent growth is attributed to government contracts like the one under the PM Vishwakarma Scheme. Such dependencies could pose risks if there’s a change in government policies or funding availability.

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