Manufactures footwear and government-distributed toolkits from a facility in Kundli, Haryana, earning ₹431.1 crore in FY26 across two business segments. The footwear business makes sports shoes, EVA-based and athleisure products sold under its in-house brand 'Rannr' and as original equipment manufacturer (OEM) for brands including Spykar, Red Chief, Cult Sport, Shein and Lee Cooper, generating ₹208.7 crore in FY26. The toolkit and others segment supplies toolkits under the government-led PM Vishwakarma Scheme and contributed ₹249.5 crore in FY26. A 5x capacity expansion at the Kundli plant is underway, lifting monthly output from about 1 lakh to 5 lakh pairs, with the new unit scheduled to begin commercial production from Q2 FY27. Raw materials are the largest cost at 26.1% of revenue (₹112.4 crore), followed by other operating expenses at 11.6% and employee costs at 4.8%. Long-term debt has been reduced to near-negligible levels after coming down from a FY23 peak of about ₹15 crore, and RoCE is reported at 18%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Footwear, Accessories and other like Products, Toolkit and others (100%). Footwear manufacturer running a parallel asset-light government toolkit distribution business
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 137 | 202 | 194 | 277 | 431 |
| EBITDA (ex other income) | 10 | 14 | 18 | 26 | 39 |
| margin % | 6.9 | 6.9 | 9.4 | 9.4 | 9.0 |
| Owners' profit | 3 | 5 | 7 | 11 | 21 |
| EPS, as reported (₹) | 1.83 | 3.72 | 4.02 | 6.15 | 11.79 |
| ROE % · ROCE % | 3.5 · 8.0 | 5.8 · 10.2 | 6.4 · 12.1 | 9.7 · 17.1 | 15.7 · 22.9 |
| Debt / equity (x) | 0.81 | 0.73 | 0.65 | 0.57 | 0.40 |
| Cash from operations | (17) | (2) | 2 | 20 | 25 |
| Capex | (3) | (12) | (8) | (8) | (15) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 63 | 38 | 67 | 109 | 142 | 141 | 57 | 91 |
| Profit before tax | 3 | 2 | 3 | 6 | 10 | 10 | 3 | 5 |
| Net profit | 2 | 1 | 2 | 5 | 7 | 7 | 2 | 4 |
| EPS (₹) | 1.35 | 0.72 | 1.23 | 2.85 | 4.11 | 4.13 | 1.21 | 2.34 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Footwears, Accessories and other like Products | 56 | 12.3 |
| Toolkit and others | 250 | 54.5 |
| Footwear, Accessories and other like products | 152 | 33.2 |
| Total, before eliminations | 458 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| METRO BRANDS LIMITED | 25,672 | 63.1 | 12.67 | 26.4 | 20.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · AGM voting results: all 5 resolutions passed, Rs 0.50 dividend declared | board shareholder meetings | low | — | — |
| 10 Sept 2026 · 32nd AGM concludes; Rs 0.50 per share dividend approved | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Lehar Footwears commences operations at new Kundli sports shoe facility | capex operations | high | — | — |
| 17 Aug 2026 · Newspaper publication of 32nd AGM Notice submitted to BSE | compliance | minimal | — | — |
| 11 Aug 2026 · Newspaper publication of Q1 FY27 results and 32nd AGM notice | compliance | minimal | — | — |
| 11 Aug 2026 · Lehar Footwears Q1FY27: Footwear up 9%, margins improve despite headwinds | compliance | low | — | — |
| 10 Aug 2026 · Lehar Footwears appoints Rajesh Gattani as new CFO effective 15 Sept 2026 | management changes | high | — | — |
| 10 Aug 2026 · Lehar Footwears Q1 results, new CFO appointed, AGM on Sept 10 | management changes | medium | — | — |
| 10 Aug 2026 · Q1 FY27 results, new CFO appointed, AGM on Sep 10 | management changes | medium | — | — |
| 10 Aug 2026 · Board approves Q1 results, appoints new CFO Mr. Rajesh Gattani | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 16.3 |
| — |
| 33.4 |
| BATA INDIA LTD | 8,354 | 57.2 | 5.24 | 11.3 | 8.4 | 6.5 | 15.5 | 22.7 |
| RELAXO FOOT LTD. | 8,069 | 43.5 | 3.66 | — | 8.1 | 9.9 | — | 17.2 |
| CAMPUS ACTIVEWEAR LIMITED | 6,546 | 126.7 | 15.31 | 27.6 | 25.2 | 29.5 | — | 18.4 |
| REDTAPE LIMITED | 6,440 | 26.2 | 6.30 | 14.2 | 23.6 | 24.3 | — | 20.5 |
| SREELEATHERS LIMITED | 772 | 23.5 | 1.55 | — | 5.8 | 7.5 | — | 16.3 |
| LIBERTY SHOES LTD | 390 | 45.4 | 1.67 | — | 4.8 | 4.3 | — | 7.9 |
| LEHAR FOOTWEARS LIMITED ◆ | 359 | 17.2 | 2.71 | — | 15.7 | 19.3 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.2 | 51.3 | 1 of 10 | 100% |
| P/B | 2.7 | 3.7 | 4 of 9 | 63% |
| ROCE | 19.3 | 7.5 | 3 of 11 | 80% |
| ROE | 15.7 | 8.3 | 4 of 10 | 67% |
| Debt / Equity | 0.4 | 0.2 | 8 of 10 | 22% |
| EBITDA margin | 8.9 | 17.4 | 9 of 10 | 11% |
| Revenue growth | (16.6) | 3.6 | 8 of 9 | 13% |
| Profit growth | (17.9) | (3.6) | 6 of 9 | 38% |
| Market cap | 359 | 3606 | 8 of 10 | 22% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
