Synopsis:
Lehar Footwears jumped sharply after it received an additional order from National Small Industries Corporation Ltd (NSIC) for an amount of Rs 75 Crores under the PM Vishwakarma Scheme.
The shares of this footwear manufacturer are in focus after the company bagged a significant order for the Supply of 50,000 toolkits under the PM Vishwakarma Scheme. In this article, we will dive more into the details.
With a market capitalization of Rs 503 crore, the shares of Lehar Footwears Ltd made a day high of Rs 292 per share, up by 6 percent from its previous day’s closing price of Rs 275.40 per share. Over the past five years, the stock has delivered a multibagger return of over 1,167 percent.
About the order
Lehar Footwears Ltd, through a stock exchange filing, announced that it had just landed an impressive order worth Rs. 74.90 crores from the National Small Industries Corporation Ltd. This order involves supplying 50,000 toolkits to artisans and craftspeople as part of the PM Vishwakarma Scheme.
What’s remarkable is that this repeat order comes less than a year after they kicked off their operations under the scheme, showcasing the company’s strong execution skills and solidifying its status as a go-to partner for government projects.
The plan is to complete this order by July 2026, which will further enhance Lehar’s commitment to fostering skill development and promoting self-reliance at the grassroots level.
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Financial Highlights
The company’s revenue for Q1 FY26 was Rs 142.20 crore, representing a 125 percent increase from Rs 63.20 crore in the same quarter last year. Additionally, on a sequential basis, revenue grew by 30 percent from Rs 109.45 crore in Q4 FY25.
Regarding its profitability, the company reported a 205 percent net profit growth to Rs 7.27 crore in Q1 FY26, compared to Rs 2.38 crore in Q1 FY25. Additionally, on a QoQ basis, it grew by 44 percent from Rs 5.04 crore.
The stock delivered an ROE and ROCE of 10.21 percent and 12.44 percent respectively, and is currently trading at a low P/E of 31.42x as compared to its industry average of 38.85x.
Lehar Footwears Limited is a company based in India that specializes in making and selling footwear under the LEHAR brand, both in the local market and internationally. They offer a diverse selection of products, such as hawai chappals, canvas shoes, PVC shoes, synthetic leather chappals, fancy chappals, and EVA-injected footwear. Their products are marketed under various categories like PU BLISS, COBBLER, I WAVE, I-STUDENT, and LHR. T
he company has also made significant investments in modern facilities, including a 600 KW solar power plant and machinery capable of producing 6 lakh pairs of shoes each year.
Written by Satyajeet Mukherjee
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