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Indian (NIFTY) Footwear Industry Analysis

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies11
  • 7D-2.4%
  • 3M-7.8%
  • 1Y-22.1%
  • YTDn/a

Over the last 7 days, the Footwear industry has dropped 2.0%, driven by Bata India declining 3.4%. Meanwhile, Mirza International actually outperformed within the industry, gaining 8.7% in the last week. However, the industry is down 23% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the Indian Footwear Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Nov 2025₹338.0b₹98.3b₹5.3b30.6x64x3.4x
Fri, 17 Oct 2025₹361.3b₹97.6b₹5.6b43.6x65x3.7x
Sun, 14 Sep 2025₹383.8b₹97.6b₹5.6b47.9x69x3.9x
Tue, 12 Aug 2025₹357.1b₹96.8b₹6.8b44x52.8x3.7x
Thu, 10 Jul 2025₹388.5b₹97.6b₹6.6b49.1x59.2x4x
Sat, 07 Jun 2025₹377.3b₹97.2b₹6.5b50.1x57.9x3.9x
Mon, 05 May 2025₹345.4b₹96.7b₹6.7b54.2x51.2x3.6x
Wed, 02 Apr 2025₹347.6b₹96.7b₹6.7b49.4x51.5x3.6x
Fri, 28 Feb 2025₹371.3b₹96.7b₹6.7b51.5x55x3.8x
Sun, 26 Jan 2025₹405.7b₹96.3b₹6.6b56.8x61.2x4.2x
Tue, 24 Dec 2024₹436.2b₹96.3b₹6.6b62.5x65.7x4.5x
Thu, 21 Nov 2024₹429.4b₹96.3b₹6.6b57x64.7x4.5x
Sat, 19 Oct 2024₹498.1b₹95.9b₹6.4b63.3x77.8x5.2x
Mon, 16 Sep 2024₹512.1b₹95.9b₹6.4b59.8x80x5.3x
Wed, 14 Aug 2024₹486.8b₹95.7b₹6.4b62.9x76.2x5.1x
Fri, 12 Jul 2024₹513.5b₹95.6b₹5.9b64.2x87x5.4x
Sun, 09 Jun 2024₹496.7b₹95.7b₹5.9b51.2x84.2x5.2x
Tue, 07 May 2024₹467.3b₹95.5b₹5.8b54.7x80.5x4.9x
Thu, 04 Apr 2024₹471.8b₹95.5b₹5.8b56.3x81.2x4.9x
Sat, 02 Mar 2024₹483.6b₹95.5b₹5.8b59.3x83.3x5.1x
Mon, 29 Jan 2024₹498.5b₹95.0b₹6.2b62.6x80.1x5.2x
Wed, 27 Dec 2023₹532.1b₹95.1b₹6.2b56.3x85.7x5.6x
Fri, 24 Nov 2023₹528.5b₹95.1b₹6.2b55.2x85.1x5.6x
Sun, 22 Oct 2023₹537.8b₹95.5b₹6.5b44.9x83.3x5.6x
Tue, 19 Sep 2023₹545.2b₹95.5b₹6.5b38.3x84.4x5.7x
Thu, 17 Aug 2023₹545.1b₹95.5b₹6.5b35.2x84.3x5.7x
Sat, 15 Jul 2023₹551.1b₹95.0b₹6.5b39.4x85.3x5.8x
Mon, 12 Jun 2023₹537.5b₹93.8b₹6.4b34.9x83.6x5.7x
Wed, 10 May 2023₹529.0b₹106.2b₹7.8b36.5x68.1x5x
Fri, 07 Apr 2023₹500.5b₹106.2b₹7.8b31.5x64.5x4.7x
Sun, 05 Mar 2023₹538.5b₹106.2b₹7.8b29.6x69.4x5.1x
Tue, 31 Jan 2023₹546.0b₹105.6b₹8.0b31.2x68.2x5.2x
Thu, 29 Dec 2022₹600.6b₹105.6b₹8.0b34.4x75x5.7x
Sat, 26 Nov 2022₹629.7b₹105.6b₹8.0b40.5x78.6x6x
Price to Earnings Ratio

78.6x


Total Market Cap: ₹629.7bTotal Earnings: ₹8.0bTotal Revenue: ₹105.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Footwear Industry Price to Earnings3Y Average 73.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Footwear industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 64.7x which is lower than its 3-year average PE of 73.1x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Footwear industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Indian Footwear compare with similar industries?

IN Market0.45%
Consumer Discretionary0.25%
Luxury0.99%
Footwear-2.37%
Apparel, Accessories and Luxury Goods1.42%
Textiles0.15%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MIRZAINT Mirza International₹40.0010.2%
+₹512.7m
3.5%PE54.6x
523842 Super Tannery₹6.923.3%
+₹23.8m
-45.2%PE11.6x
526481 Phoenix International₹41.112.1%
+₹14.1m
-30.6%PE22.5x

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