Narrative Update • Jul 08
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Indian (NIFTY) Footwear Industry Analysis
UpdatedJul 09, 2026
DataAggregated Company Financials
Companies10
- 7D-3.3%
- 3M8.6%
- 1Y-31.0%
- YTDn/a
Over the last 7 days, the Footwear industry has dropped 3.3%, driven by Relaxo Footwears declining 6.4%. Meanwhile, Mirza International actually outperformed within the industry, gaining 9.2% in the last week. The industry has fallen 31% in the last year. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Indian Footwear Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Jul 2026 | ₹267.9b | ₹101.4b | ₹4.9b | 41.1x | 54.7x | 2.6x |
| Sun, 07 Jun 2026 | ₹256.8b | ₹101.1b | ₹5.3b | 37.5x | 48.1x | 2.5x |
| Tue, 05 May 2026 | ₹257.2b | ₹98.2b | ₹5.4b | 41.3x | 48.1x | 2.6x |
| Thu, 02 Apr 2026 | ₹225.9b | ₹98.4b | ₹5.4b | 33.6x | 42x | 2.3x |
| Sat, 28 Feb 2026 | ₹281.8b | ₹98.4b | ₹5.4b | 35.8x | 52.4x | 2.9x |
| Mon, 26 Jan 2026 | ₹289.2b | ₹97.8b | ₹5.3b | 24.1x | 54.8x | 3x |
| Wed, 24 Dec 2025 | ₹317.5b | ₹97.8b | ₹5.3b | 29.1x | 60.2x | 3.2x |
| Fri, 21 Nov 2025 | ₹328.8b | ₹97.8b | ₹5.3b | 30.8x | 62.4x | 3.4x |
| Sun, 19 Oct 2025 | ₹360.7b | ₹97.7b | ₹5.6b | 42.2x | 64.7x | 3.7x |
| Tue, 16 Sep 2025 | ₹382.3b | ₹97.6b | ₹5.6b | 47.7x | 68.8x | 3.9x |
| Thu, 14 Aug 2025 | ₹345.5b | ₹97.6b | ₹5.6b | 42.3x | 61.8x | 3.5x |
| Sat, 12 Jul 2025 | ₹397.7b | ₹97.6b | ₹6.6b | 49x | 60.6x | 4.1x |
| Mon, 09 Jun 2025 | ₹377.3b | ₹97.2b | ₹6.5b | 50.1x | 57.9x | 3.9x |
| Wed, 07 May 2025 | ₹347.4b | ₹96.7b | ₹6.7b | 56.4x | 51.5x | 3.6x |
| Fri, 04 Apr 2025 | ₹354.9b | ₹96.7b | ₹6.7b | 53x | 52.6x | 3.7x |
| Sun, 02 Mar 2025 | ₹358.3b | ₹96.7b | ₹6.7b | 49x | 53.1x | 3.7x |
| Tue, 28 Jan 2025 | ₹395.1b | ₹96.3b | ₹6.6b | 53.3x | 59.5x | 4.1x |
| Thu, 26 Dec 2024 | ₹441.5b | ₹96.3b | ₹6.6b | 63x | 66.5x | 4.6x |
| Sat, 23 Nov 2024 | ₹425.4b | ₹96.3b | ₹6.6b | 58.4x | 64.1x | 4.4x |
| Mon, 21 Oct 2024 | ₹498.1b | ₹95.9b | ₹6.4b | 63.3x | 77.8x | 5.2x |
| Wed, 18 Sep 2024 | ₹511.9b | ₹95.9b | ₹6.4b | 59.9x | 80x | 5.3x |
| Fri, 16 Aug 2024 | ₹482.3b | ₹95.9b | ₹6.4b | 63.2x | 75.3x | 5x |
| Sun, 14 Jul 2024 | ₹509.9b | ₹95.6b | ₹5.9b | 62.7x | 86.4x | 5.3x |
| Tue, 11 Jun 2024 | ₹496.7b | ₹95.7b | ₹5.9b | 52.7x | 84.2x | 5.2x |
| Thu, 09 May 2024 | ₹471.5b | ₹95.5b | ₹5.8b | 54.4x | 81.2x | 4.9x |
| Sat, 06 Apr 2024 | ₹472.7b | ₹95.5b | ₹5.8b | 56.5x | 81.4x | 4.9x |
| Mon, 04 Mar 2024 | ₹483.8b | ₹95.5b | ₹5.8b | 60.5x | 83.3x | 5.1x |
| Wed, 31 Jan 2024 | ₹499.7b | ₹95.0b | ₹6.2b | 62.9x | 80.3x | 5.3x |
| Fri, 29 Dec 2023 | ₹533.5b | ₹95.1b | ₹6.2b | 55.7x | 85.9x | 5.6x |
| Sun, 26 Nov 2023 | ₹526.1b | ₹95.1b | ₹6.2b | 54.9x | 84.7x | 5.5x |
| Tue, 24 Oct 2023 | ₹525.3b | ₹95.5b | ₹6.5b | 43.5x | 81.3x | 5.5x |
| Thu, 21 Sep 2023 | ₹543.1b | ₹95.5b | ₹6.5b | 38.4x | 84.1x | 5.7x |
| Sat, 19 Aug 2023 | ₹562.0b | ₹95.5b | ₹6.5b | 35.7x | 86.9x | 5.9x |
| Mon, 17 Jul 2023 | ₹551.1b | ₹95.0b | ₹6.5b | 39.4x | 85.3x | 5.8x |
Price to Earnings Ratio
85.3x
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 54.7x which is lower than its 3-year average PE of 68.8x.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Footwear industry have declined 8.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Indian Footwear compare with similar industries?
| IN Market | -1.12% | |
| Consumer Discretionary | 0.065% | |
| Luxury | 0.51% | |
| Footwear | -3.34% | |
| Apparel, Accessories and Luxury Goods | 1.42% | |
| Textiles | -2.30% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MIRZAINT Mirza International | ₹38.99 | 13.6% +₹646.8m | 13.0% | PS1x | |
| LIBERTSHOE Liberty Shoes | ₹272.65 | 3.3% +₹148.2m | -30.5% | PE41.5x | |
| 531680 Mayur Leather Products | ₹23.43 | 18.3% +₹17.5m | -2.7% | PE10.1x | |
| 514412 Sarup Industries | ₹141.00 | 2.7% +₹11.9m | 51.9% | PE80.7x |