Company Overview

Lehar Footwears Limited (Scrip Code: 532829) submitted an Investor Presentation for the quarter and year ended March 31, 2026 to BSE Limited on May 26, 2026. The company is an emerging non-leather footwear manufacturer focused on premiumization, diversification and category expansion.

Financial Performance

  • PAT CAGR of 31% from FY20 to FY26
  • Return on Capital Employed (RoCE) of 18.0% for FY2026
  • Robust EPS growth from ₹0.71 in FY20 to ₹11.79 in FY26
  • Export sales scaled from ₹11 Cr in FY20 to ₹30 Cr in FY26
  • Robust PAT growth attributed to lower debt dependence and higher absorption of depreciation

Business Operations

Product Portfolio

  • 1300+ SKUs across EVA/PVC/PU portfolio
  • Product categories include Shoes, Sports Shoes, Slippers/Sandals, School Shoes, and Casual Shoes
  • Serving Men, Women & Kids segments
  • Continuously innovating and launching new products including Single Mould EVA footwear & Sports Shoes

Distribution Network

  • 520+ distributors across 27 states in India
  • Presence on multiple e-commerce platforms including Flipkart, Bijnis
  • Retail partnerships with Reliance, D-Mart and other large format stores
  • Global presence in 20+ countries through exports and international markets

Manufacturing Capability

  • Five manufacturing plants: Plant I, II, IV in VKIA, Jaipur; Plant III in Kaladera, Jaipur; Plant V in Kundli, Sonipat
  • Fully automatic injection moulding machinery for EVA footwear
  • Rotary Type PU Injection Machine for PU footwear
  • Compliant manufacturing with BIS approvals

Growth Initiatives

Toolkit Business under PM Vishwakarma Scheme

  • Started tool kits supply under PM Vishwakarma Scheme in FY24-25
  • Asset-light model with negligible working capital requirements
  • High RoCE generation
  • Robust tech-enabled PMVKY platform with efficient delivery-based payment disbursals
  • Scaling from single trade to multiple trades within the scheme
  • Supplying toolkits under the PM Vishwakarma Scheme

Capacity Expansion

  • Installed fully automated EVA injection moulding and Rotary Type PU injection machinery
  • New Athleisure Facility in Kundli expected to commence commercial operations from Q2FY27 onwards
  • Enhancing manufacturing efficiency and product quality

Market Expansion

  • Expanding distribution network for premium footwear
  • Expanding presence across LFS & Modern Retail including Reliance Retail, D-Mart
  • Scaling participation in government footwear tenders
  • Focused on improving product quality and manufacturing standards to align with leading international footwear brands

Management Team

Seasoned management with 30+ years of industry experience. New appointments during the year:

  • Ritika Poddar - Company Secretary & Compliance Officer (5 years experience)
  • Naveen Kumar Agarwal - VP - Manufacturing (21+ years experience)
  • Pankaj Agarwal - VP - Finance (13+ years experience)
  • Prateek Agarwal - VP - Operations (8+ years experience)
  • Praveen Singhal - VP - Sourcing & Development (35+ years, former Head of Development at Campus Activewear Ltd)
  • Rakesh Kumar Soni - CFO (16+ years experience)
  • Sarvesh Sharma - VP - Operations - Kundli (22+ years, former Head of Production and Sourcing at Campus Activewear Ltd)
  • Anil Gaur - VP Sales (30+ years, former VP Sales & Marketing at JQR Sports, Head–Distribution at Goldstar Footwear)
  • Manav Agarwal - E-Commerce Manager (MBA from Curtin University, Dubai)

Existing leadership team:

  • Naresh Agarwal - Managing Director (30+ years experience)
  • Raj Kumar Agarwal - Chairman and Whole Time Director (10+ years experience)
  • Sanjay Kumar Agarwal - CEO (30+ years experience)
  • Pramod Agarwal - Whole Time Director (30+ years experience)

Industry Context

The Indian footwear industry is positioned for strong structural growth driven by:

  • Rising disposable income & urbanization increasing consumer spending on branded footwear
  • Premiumization trend moving consumers from unorganized to branded products
  • Export opportunities from China+1 sourcing diversification
  • Government support through initiatives, GST reduction and production-linked incentives
  • Formalization with organized players gaining market share
  • Rising fashion awareness focusing on style, comfort & lifestyle
  • Large addressable market with expanding demand across urban & rural India

Disclaimer

The presentation contains forward-looking statements subject to various risks and uncertainties. The company disclaims any obligation to update forward-looking statements and notes that the information has not been independently verified or approved by any statutory/regulatory authority.