Liberty Shoes Ltd up by 12.65 percent | Espresso


Espresso Shot of the Day - Liberty Shoes Ltd up by 12.65 percent

September 21, 2022
Espresso Shot of the Day - Liberty Shoes Ltd up by 12.65 percent

Liberty Shoes Ltd. 217.30 (+12.65%) BSE – INE557B01019 | 21st September 2022

Liberty Shoes is acclaimed as one of the top footwear brands in India and internationally, with a presence in 25 countries across the globe. The brand has an amazing history, with a manufacturing capacity of 4 pairs a day in 1954, which stands at 50,000 pairs a day today. At present, Liberty has six manufacturing units and sells through 6,000 multi-brand outlets and 350 exclusive showrooms, in addition to 50 showrooms outside India. Starting as a small shop in 1954 and later inked as brand Liberty in 1964, the journey has been a tremendous one for the brand, which is recognized as one of the footwear leaders in the global market. The introduction of its sub-brand “Force 10” in the nineties was another major milestone in its journey, as it brought an impressive product range for both genders and all age groups. Later, Liberty came up with numerous other sub-brands, such as Gliders, Footfun, Senorita, Tiptop, Healers, Freedom, Coolers, Rebounce, Warrior, and more.

Recent Drivers

  • On September 21, 2022, shares of Liberty shoes hit an over four-year high on bourses as the stock surged more than 10% in Intraday trade, amid heavy volumes in an otherwise weak market. Sector-wise, with the focus of the government on the manufacturing sector, the future potential of the footwear industry is promising, particularly for established and organized brands. The ongoing changes in lifestyle and purchase habits have influenced the footwear industry as well.
  • Board of Directors approved interim dividend of Rs 2.50 per equity share for FY 2022-23 on Sept 15, 2022, subject to the approval of the shareholders at the Annual General Meeting. The record date for the same is September 23, 2022.
  • On Aug 10, 2022, the company reported quarterly Net Profit of Rs 5.47 crores in June 2022, up 278.59% from Rs 3.06 crores in June 2021.
  • On Aug 10, 2022, the company reported quarterly Net Sales of Rs 161.22 crores in June 2022, up 65.11% from Rs 97.64 crores in June 2021.
  • The company said in a statement on July 23, 2022, that it was planning to add 100 stores in this fiscal on the back of strong recovery in consumption that was visible in recent months.

(Sources: BSE, Moneycontrol, Business Standard)

Technical Force*

  • S&P Smallcap month till date gain by 2.05%
  • 3 months avg. NSE volume: 208,259
  • Quantity traded: 2,44,375 | Deliverable quantity: 52,003 (21.28%)
  • Stock price jumped by more than 70% from one-year low: 124.75 (Feb 24, 2022)
  • Daily RSI (14) is near overbought territory today
  • 52-week high: 227.35 | 52-week low: 124.75

Key Pivot (Yearly)










Pivot Point










Fibonacci Pivot










Today’s Close




10 DAY


20 DAY


50 DAY


200 DAY


Some Key Ratios (Source: BSE)

Market Cap: 370.28 crores

PE: 34.35

OPM%: 10.69

ROE%: 5.7

Promoters holding%: 59.38

Prev. Close: 192.9

Chart and Technical Force data from the Binge desktop app

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.