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Liberty Shoes

BSE:526596
Snowflake Description

Adequate balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
526596
BSE
₹2B
Market Cap
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Last updated 2019/04/24 12:37
Company description

Liberty Shoes Limited manufactures and sells footwear and fashion accessories in India and internationally. The last earnings update was 56 days ago. More info.

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526596 Share Price and Events
7 Day Returns
-4.6%
BSE:526596
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-39.9%
BSE:526596
-4%
IN Luxury
-2.8%
IN Market
526596 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Liberty Shoes (526596) -4.6% -7.1% -12% -39.9% -20% -19.5%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 526596 underperformed the Luxury industry which returned -4% over the past year.
  • 526596 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
526596
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Liberty Shoes undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Liberty Shoes to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Liberty Shoes.

BSE:526596 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:526596
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (58.03%)) 		1.003
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.003 * 8.6%) 		16.18%

Discounted Cash Flow Calculation for BSE:526596 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Liberty Shoes is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:526596 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.18%)
2019 187.73 Est @ 12.75% 161.58
2020 208.73 Est @ 11.19% 154.64
2021 229.80 Est @ 10.1% 146.54
2022 251.24 Est @ 9.33% 137.91
2023 273.35 Est @ 8.8% 129.15
2024 296.37 Est @ 8.42% 120.53
2025 320.56 Est @ 8.16% 112.21
2026 346.13 Est @ 7.98% 104.29
2027 373.30 Est @ 7.85% 96.81
2028 402.27 Est @ 7.76% 89.80
Present value of next 10 years cash flows ₹1,253.45
BSE:526596 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹402.27 × (1 + 7.55%) ÷ (16.18% – 7.55%) 		₹5,013.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹5,013.99 ÷ (1 + 16.18%)10 		₹1,119.23
BSE:526596 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,253.45 + ₹1,119.23 		₹2,372.68
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹2,372.68 / 17.04 		₹139.24
BSE:526596 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹139.24
Current discount Discount to share price of ₹140.25
= -1 x (₹140.25 - ₹139.24) / ₹139.24 		-0.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Liberty Shoes is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Liberty Shoes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Liberty Shoes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:526596 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.23
BSE:526596 Share Price ** BSE (2019-04-24) in INR ₹140.25
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Liberty Shoes.

BSE:526596 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:526596 Share Price ÷ EPS (both in INR)

= 140.25 ÷ 4.23

 33.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Liberty Shoes is overvalued based on earnings compared to the IN Luxury industry average.
  • Liberty Shoes is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Liberty Shoes's expected growth come at a high price?
Raw Data
BSE:526596 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 17.4%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Liberty Shoes, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Liberty Shoes's assets?
Raw Data
BSE:526596 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹101.04
BSE:526596 Share Price * BSE (2019-04-24) in INR ₹140.25
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:526596 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:526596 Share Price ÷ Book Value per Share (both in INR)

= 140.25 ÷ 101.04

 1.39x

* Primary Listing of Liberty Shoes.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Liberty Shoes is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Liberty Shoes's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Liberty Shoes has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Liberty Shoes expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Liberty Shoes, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Liberty Shoes expected to grow at an attractive rate?
  • Liberty Shoes's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Liberty Shoes's earnings growth is positive but not above the India market average.
  • Unable to compare Liberty Shoes's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:526596 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:526596 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.4%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:526596 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:526596 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:526596 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,908 72
2018-09-30 6,086 87
2018-06-30 5,675 78
2018-03-31 5,433 322 66
2017-03-31 4,959 208 64
2016-03-31 4,525 387 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Liberty Shoes's earnings are expected to grow by 17.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Liberty Shoes is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:526596 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Liberty Shoes Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526596 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:526596 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.23
2018-09-30 5.09
2018-06-30 4.58
2018-03-31 3.87
2017-03-31 3.75
2016-03-31 5.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Liberty Shoes will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Liberty Shoes's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Liberty Shoes has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Liberty Shoes performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Liberty Shoes's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Liberty Shoes's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Liberty Shoes's 1-year earnings growth exceeds its 5-year average (10.2% vs -17.6%)
  • Liberty Shoes's earnings growth has not exceeded the IN Luxury industry average in the past year (10.2% vs 14.8%).
Earnings and Revenue History
Liberty Shoes's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Liberty Shoes Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526596 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,908.20 72.16 1,190.18
2018-09-30 6,085.57 86.60 1,149.65
2018-06-30 5,675.35 77.88 1,129.97
2018-03-31 5,432.86 66.01 1,106.39
2017-03-31 4,959.08 63.90 1,067.09
2016-03-31 4,524.81 100.55 958.67
2015-03-31 5,238.90 169.23 978.23
2014-03-31 4,834.89 132.69 1,369.09
2013-03-31 3,602.64 53.88 1,138.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Liberty Shoes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Liberty Shoes used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Liberty Shoes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Liberty Shoes's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Liberty Shoes has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Liberty Shoes's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Liberty Shoes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Liberty Shoes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Liberty Shoes's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Liberty Shoes's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Liberty Shoes Company Filings, last reported 3 months ago.

BSE:526596 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,725.79 1,360.56 75.89
2018-09-30 1,725.79 1,360.56 75.89
2018-06-30 1,682.99 1,161.30 87.56
2018-03-31 1,682.99 1,161.30 87.56
2017-03-31 1,622.19 1,426.35 78.47
2016-03-31 1,559.04 1,348.97 75.30
2015-03-31 1,456.20 1,388.49 63.39
2014-03-31 1,382.30 1,166.56 71.49
2013-03-31 1,367.39 1,191.83 146.71
  • Liberty Shoes's level of debt (78.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (85.1% vs 78.8% today).
  • Debt is well covered by operating cash flow (23.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Liberty Shoes's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Liberty Shoes has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Liberty Shoes's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Liberty Shoes dividends.
If you bought ₹2,000 of Liberty Shoes shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Liberty Shoes's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Liberty Shoes's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:526596 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:526596 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:526596 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-05-25 0.000 0.000
2016-05-30 0.000 0.000
2015-09-07 1.500 0.842
2015-05-29 1.500 0.645
2014-09-11 1.500 0.567

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Liberty Shoes has not reported any payouts.
  • Unable to verify if Liberty Shoes's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Liberty Shoes's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Liberty Shoes has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Liberty Shoes's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Liberty Shoes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Liberty Shoes has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Liberty Shoes's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adesh Gupta
COMPENSATION ₹4,800,000
AGE 58
TENURE AS CEO 15.3 years
CEO Bio

Mr. Adesh Kumar Gupta, B.E(Mechanical Eng.) serves as the Chairman of Liberty Shoes Ltd. Mr. Gupta has been the Chief Executive Officer of Liberty Shoes Ltd since January 8, 2004. He served as the Chairman of Northern Region of appointments and their promotions etc., from 2006 to 2007. He has been an Executive Director of Liberty Shoes Ltd., since September 28, 1990. Mr. Gupta holds a BE in Mechanical Engineering.

CEO Compensation
  • Adesh's compensation has been consistent with company performance over the past year.
  • Adesh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Liberty Shoes management team in years:

11.7
Average Tenure
54
Average Age
  • The average tenure for the Liberty Shoes management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Adesh Gupta

TITLE
Chairman & CEO
COMPENSATION
₹5M
AGE
58
TENURE
15.3 yrs

Munish Kakra

TITLE
CFO, Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
54

Shammi Bansal

TITLE
Executive Director
COMPENSATION
₹5M
AGE
57

Adeesh Gupta

TITLE
Executive Director
COMPENSATION
₹5M
AGE
54

Ashok Kumar

TITLE
Executive Director
COMPENSATION
₹1M
AGE
49

Satish Saini

TITLE
CFO of Retail
AGE
49
TENURE
11.7 yrs

Ramesh Sadhu

TITLE
CEO of Retail
AGE
63

Sunil Bansal

TITLE
Director Exports & Executive Director
AGE
57

Ram Prakash

TITLE
Head of Information Technology
AGE
43
TENURE
9.8 yrs

Manan Bansal

TITLE
Director of Marketing
Board of Directors Tenure

Average tenure and age of the Liberty Shoes board of directors in years:

7.4
Average Tenure
58
Average Age
  • The tenure for the Liberty Shoes board of directors is about average.
Board of Directors

Adesh Gupta

TITLE
Chairman & CEO
COMPENSATION
₹5M
AGE
58

Shammi Bansal

TITLE
Executive Director
COMPENSATION
₹5M
AGE
57
TENURE
28.6 yrs

Adeesh Gupta

TITLE
Executive Director
COMPENSATION
₹5M
AGE
54
TENURE
7.7 yrs

Ashok Kumar

TITLE
Executive Director
COMPENSATION
₹1M
AGE
49
TENURE
4.3 yrs

Sunil Bansal

TITLE
Director Exports & Executive Director
AGE
57
TENURE
10.3 yrs

Raghu Dayal

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
84
TENURE
13.3 yrs

Ramesh Palhan

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
74
TENURE
7.1 yrs

Pushpinder Grewal

TITLE
Independent Non-Executive Director
COMPENSATION
₹30K
AGE
72
TENURE
6.7 yrs

Lovelena Mody

TITLE
Independent Non-Executive Director
COMPENSATION
₹10K
AGE
65
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
01. Dec 18 Sell Pranav Gupta Individual 29. Aug 18 30. Aug 18 -41,069 ₹207.14 ₹-8,494,012
11. Sep 18 Sell Arpan Gupta Individual 10. Sep 18 10. Sep 18 -5,000 ₹198.60 ₹-993,000
07. Sep 18 Sell Arpan Gupta Individual 05. Sep 18 06. Sep 18 -7,133 ₹200.24 ₹-1,423,266
27. Aug 18 Sell Arpan Gupta Individual 23. Aug 18 24. Aug 18 -84,127 ₹221.31 ₹-18,378,719
23. Aug 18 Sell Arpan Gupta Individual 21. Aug 18 21. Aug 18 -6,000 ₹210.17 ₹-1,261,023
21. Aug 18 Sell Arpan Gupta Individual 14. Aug 18 20. Aug 18 -62,119 ₹205.59 ₹-12,662,100
16. Aug 18 Sell Arpan Gupta Individual 13. Aug 18 13. Aug 18 -7,533 ₹201.44 ₹-1,517,463
01. May 18 Sell Arpan Gupta Individual 27. Apr 18 30. Apr 18 -2,900 ₹231.93 ₹-671,839
11. Jul 18 Sell Arpan Gupta Individual 10. Jul 18 10. Jul 18 -1,300 ₹188.08 ₹-244,500
09. Jul 18 Sell Arpan Gupta Individual 05. Jul 18 05. Jul 18 -2,143 ₹174.30 ₹-373,527
10. Jul 18 Sell Arpan Gupta Individual 06. Jul 18 09. Jul 18 -4,200 ₹176.35 ₹-740,046
11. Jul 18 Buy Anmol Gupta Individual 05. Jun 18 06. Jun 18 4,993 ₹165.28 ₹805,872
22. Jun 18 Sell Arpan Gupta Individual 19. Jun 18 19. Jun 18 -6,500 ₹217.54 ₹-1,414,018
19. Jun 18 Sell Arpan Gupta Individual 13. Jun 18 13. Jun 18 -1,500 ₹172.00 ₹-258,000
14. May 18 Sell Arpan Gupta Individual 08. May 18 10. May 18 -4,002 ₹227.09 ₹-884,174
08. May 18 Sell Arpan Gupta Individual 03. May 18 04. May 18 -3,000 ₹230.00 ₹-671,811
X
Management checks
We assess Liberty Shoes's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Liberty Shoes has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Liberty Shoes Limited manufactures and sells footwear and fashion accessories in India and internationally. It offers footwear products, such as casual, formal, sports, fashion, women, and men shoes under the Healers, Fortune, Force 10, Senorita, Lucky Luke, Gliders, AHA, Rebounce, Coolers, Tiptopp, Prefect, Footflin, and Zeppelin brand names. It operates through distributors and 400 exclusive showrooms, as well as online. Liberty Shoes Limited was founded in 1954 and is headquartered in Karnal, India.

Details
Name: Liberty Shoes Limited
526596
Exchange: BSE
Founded: 1954
₹2,344,704,000
17,040,000
Website: http://www.libertyshoes.com
Address: Liberty Shoes Limited
Liberty House,
Liberty Road,
Karnal,
Haryana, 132001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 526596 Equity Shares Mumbai Stock Exchange IN INR 27. Sep 1995
NSEI LIBERTSHOE Equity Shares National Stock Exchange of India IN INR 27. Sep 1995
Number of employees
Current staff
Staff numbers
2,198
Liberty Shoes employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:37
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/05/26
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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