MarketFriction

Sreeleathers Ltd

NSE SREEL · BSE 535601 · Footwear
₹292.60 +1.74%
NSE close2026-10-01
52 week range165.25 - 400.00
Market cap₹675 Cr.
P/E20.6
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales60.2858.1649.6048.6962.6655.4253.1549.8074.7160.9062.6959.63
Expenses48.2048.4942.8642.0152.7246.7146.4545.8363.0353.0752.7550.73
Operating Profit12.089.676.746.689.948.716.703.9711.687.839.948.90
OPM %20.04%16.63%13.59%13.72%15.86%15.72%12.61%7.97%15.63%12.86%15.86%14.93%
Other Income0.150.150.160.100.290.130.990.440.242.493.270.80
Interest0.140.160.160.140.070.120.090.080.090.090.080.09
Depreciation0.340.340.150.300.270.320.330.330.330.330.330.33
Profit before tax11.759.326.596.349.898.407.274.0011.509.9012.809.28
Tax %25.79%26.39%27.47%27.44%34.88%25.83%27.10%26.75%25.13%23.84%24.53%24.68%
Net Profit8.736.864.784.616.456.235.292.938.617.539.676.99
EPS in Rs3.772.962.061.992.792.692.281.273.723.254.183.02
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8010014116817383122198215218243258
Expenses64791091301336798162178185209220
Operating Profit162132384016243638333438
OPM %20%21%23%22%23%20%19%18%17%15%14%15%
Other Income312800111067
Interest000000001000
Depreciation111111111111
Profit before tax172133443915233536323843
Tax %35%35%34%30%26%26%27%26%26%29%25%
Net Profit111321312911172627232933
EPS in Rs4.495.338.5012.3611.434.817.1411.0611.609.7512.4114.17
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%24%7%17%
Compounded Profit Growth8%15%-4%57%
Stock Price CAGR5%9%6%26%
Return on Equity6%6%5%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital252525252525232323232323
Reserves171182204230264299291314349394439475
Borrowings033110333332
Other Liabilities111215322624131419192129
Total Liabilities207222247288317348330355394439486528
Fixed Assets160159158157151150152152151151152151
CWIP-0-0-0-0-0-0-0-0-0-0-0-0
Investments29286477130167159182219264315358
Other Assets173525553631192123241920
Total Assets207222247288317348330355394439486528
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1914281529111729302731
Cash from Investing Activity3-6-16-4-32-3425-16-25-30-27-26
Cash from Financing Activity-2-0-0-0-20-33-1-1-1-1-3
Net Cash Flow-02-224-18-5204-1-02
Free Cash Flow-1914282829111628292531
CFO/OP-10%54%103%122%76%98%110%99%105%105%110%121%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days313111211111
Inventory Days515350394443695335282015
Days Payable152225152122352619181622
Cash Conversion Cycle403228242322352817115-6
Working Capital Days9126-141112211664-2-12
ROCE %6%8%9%13%14%13%5%7%10%9%7%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs6.14%6.90%6.92%6.90%6.93%6.90%6.90%6.90%6.90%6.90%6.90%6.90%
Public18.86%18.10%18.08%18.10%18.07%18.10%18.09%18.11%18.10%18.10%18.10%18.10%
No. of Shareholders8,4849,44410,09510,37711,13411,27911,31411,00011,39111,16710,99711,059

Fundamentals

Market Cap₹ 675 Cr.
Current Price₹ 289
Stock P/E20.6
Book Value₹ 215
ROCE6.97 %
ROE4.70 %
Dividend Yield0.69 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)57%
Standalone figures.
Valuation
Market capRs 678 Cr
Enterprise valueRs 670 Cr
P/E (TTM)20.66x
Price to book1.36x
Price to sales2.63x
EV / EBITDA14.83x
EV / EBIT15.28x
EV / sales2.60x
Price to cash flow21.87x
Earnings yield4.84%
Dividend yield0.68%
P/E, 3-year average19.94x
P/B, 3-year average1.14x
P/E, 5-year average20.54x
P/B, 5-year average1.16x
Profitability
Operating margin (excl. other income)13.89%
Operating margin (incl. other income)16.42%
EBITDA margin17.50%
Pre-tax margin16.86%
Net profit margin12.72%
Net margin, latest quarter11.72%
ROE5.99%
ROCE7.99%
ROA5.67%
ROE, 3-year average5.97%
ROCE, 3-year average8.20%
ROA, 3-year average5.66%
ROE, 5-year average6.05%
ROCE, 5-year average8.27%
ROA, 5-year average5.73%
ROIC (approx.)6.73%
Tax rate24.78%
Other income / net worth1.24%
Growth
Sales growth (latest year)11.28%
Profit growth (latest year)27.34%
Sales CAGR, 3 years7.08%
Sales CAGR, 5 years23.82%
Profit CAGR, 3 years3.90%
Profit CAGR, 5 years20.85%
Sales growth QoQ-4.88%
Profit growth QoQ-27.71%
Sales growth YoY (latest quarter)19.74%
Profit growth YoY (latest quarter)138.57%
Per share
EPS (TTM)Rs 14.17
EPS (latest year)Rs 12.41
EPS (latest quarter)Rs 3.02
EPS, 3-year averageRs 11.25
EPS, 5-year averageRs 10.39
Book value per shareRs 214.96
Sales per shareRs 111.39
Cash flow per shareRs 13.38
Free cash flow per shareRs 13.39
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout16.11%
Dividend payout, 3-year average16.11%
Dividend payout, 5-year average16.11%
Efficiency
Asset turnover0.46x
Fixed asset turnover1.61x
Inventory turnover23.93x
Inventory days15 days
Debtor days1 days
Debtors turnover551.55x
Creditor days22 days
Cash conversion cycle-6 days
Working capital days-12 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 10 Cr
Net debtRs -8 Cr
Debt to equity0.00x
Net debt / EBITDA-0.18x
Interest coverage125.23x
Current ratio (filing 2026-03-31)1.12x
Quick ratio (filing 2026-03-31)0.65x
Trade payables (filing 2026-03-31)Rs 11 Cr
Owners' fund to total sources94.19%
Debt to assets0.42%
Cash flow
Cash from Operating Activity (latest year)Rs 31 Cr
Cash from Investing Activity (latest year)Rs -26 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 31 Cr
FCFE (approx.: FCF + change in debt)Rs 31 Cr
Cash from ops / profit, 5 years1.10x
Sales to cash flow7.83x
Statement figures
Net sales (TTM)Rs 258 Cr
Net sales (latest year)Rs 243 Cr
Sales (latest quarter)Rs 60 Cr
Operating profit excl. other income (latest year)Rs 34 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 45 Cr
PBDT (TTM)Rs 45 Cr
Profit before tax (TTM)Rs 43 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 33 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 193 Cr
Total expenditure (latest year)Rs 209 Cr
Total income (latest year)Rs 249 Cr
Share capitalRs 23 Cr
ReservesRs 475 Cr
Shareholders' fundsRs 498 Cr
Total assetsRs 528 Cr
Net blockRs 151 Cr
InvestmentsRs 358 Cr
ReceivablesRs 0 Cr
InventoryRs 8 Cr
Other liabilitiesRs 29 Cr
Shares outstanding (crore)2.32
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.7 is at the 33th percentile of its own 9.4-year range (median 23.6, low 8.7, high 51.1).
P/B 1.36 is at the 49th percentile (median 1.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSREELNifty 50Difference
1 week-2.3%-2.8% +0.5 pts
1 month+17.2%-6.8% +24.0 pts
3 months+36.6%-7.6% +44.2 pts
6 months+75.4%+0.4% +75.0 pts
1 year+25.9%-9.9% +35.8 pts
2 years+1.4%-13.6% +15.0 pts
3 years+21.7%+14.2% +7.5 pts
5 years+58.1%+27.9% +30.2 pts

Red flags

F-score 7 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹60 Cr +19.7% vs Jun 2025. Net profit ₹7 Cr +138.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Re 1 Per Share
2026-02-13Interim Dividend - Re 1 Per Share
2024-09-19Annual General Meeting
2023-09-18Annual General Meeting
2022-09-21Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-16 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-07 Annual General Meeting
2016-09-22 Annual General Meeting (Book Closure Start Date Revised)
2015-09-22 Annual General Meeting
2014-09-18Annual General Meeting / Dividend - Re 0.25/- Per Share
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Director changeChange in Director(s) of the company.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-03UpdatesIntimation under Regulation 36(1)(b).
2026-09-03UpdatesAnnual Report 2025-2026.
2026-09-03Shareholder meetingPursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sreeleathers Limited has informed a...
2026-08-27Shareholder meetingShareholders meeting
2026-08-27UpdatesIntimation of Book Closure.
2026-08-27Record DateRecord date for the purpose of Dividend & Meeting is 21-Sep-2026.
2026-08-21Updates.Financial & Business Update
2026-08-14Board meeting outcomeSreeleathers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-14Shareholder meetingShareholders meeting
2026-07-13Shareholder meetingShareholders meeting
2026-07-06Board meeting outcomeOutcome of Board Meeting held on July 06, 2026.
2026-05-29Board meeting outcomeSreeleathers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Disclosure under SEBI TakeovSreeleathers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-02-09General UpdatesGeneral Updates-Announcement under Regulation 30 (LODR)-Communication to Shareholders Intimation on Tax Deduction on Interim Dividend.
2026-02-06Record DateRecord date for the purpose of Interim Dividend is 13-Feb-2026.
2026-02-06DividendBoard of Directors at its meeting held on February 06, 2026, declared Interim Dividend of 1 per equity share.
2026-02-06Board meeting outcomeSreeleathers Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-14Board meeting outcomeSreeleathers Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03