Sreeleathers Limited is an India-based company engaged in the business of footwear and leather accessories. The Company is also a retailer and wholesaler of footwear and leather accessories. Its product range includes shoes, sandals, chappals, nagra, belts, wallets, bags, leather garments, special boxes, and socks and masks, catering to men's, women's, and kids' segments. The company offers various shoe types such as formal, casual, and canvas shoes.
The brand `Sreeleathers` has a legacy spanning over three decades. It began with Sri Satyabrata Dey establishing a small footwear shop on Lindsay Street in Kolkata, aiming to make good quality leather footwear accessible to the middle class at a time when it was considered a luxury. Sreeleathers Limited was incorporated in January 1991 and operates through its retail and wholesale network.
The Company operates through three main business units: two located in the New Market area, Kolkata, and one in the Panchavati area, Jaipur. Sreeleathers is involved in the business of both leather and non-leather footwear and accessories, supported by a distribution network comprising exclusive stores and 27 dealers. Its flagship store on Lindsay Street, Kolkata, holds the record for being the World's Largest Single Brand Footwear Store.
Sreeleathers maintains a comprehensive retail and wholesale network that extends across metro cities and Tier-II city areas throughout India. This strategic positioning enables the company to serve diverse customer segments across various geographic locations.
As of May 2025, Sreeleathers Ltd has a market capitalization of ₹531 Cr. It is classified as a Small Cap company. The company is noted for being almost debt-free, which indicates strong financial health and low leverage risk.
Key Financial Metrics (as of May 08, 2025):
- P/E Ratio: 24.06 times (a 35% premium to its peers' median range of 17.83 times)
- P/B Ratio: 1.19 times (an 8% premium to its peers' median range of 1.10 times)
- TTM Profit After Tax: ₹22 Cr
Recent Quarterly Performance (Quarter ended December 2024):
- Net Profit declined by 9.18% to ₹6.23 crore compared to ₹6.86 crore in the previous quarter (December 2023).
- Sales declined by 4.71% to ₹55.42 crore compared to ₹58.16 crore in the previous quarter (December 2023).
For the full fiscal year 2024 (FY 2024), Sreeleathers Ltd recorded a total revenue of approximately ₹217.68 Cr.
The Sreeleathers Ltd's 52-week high share price is ₹338.40, and its 52-week low is ₹211.30. The stock has provided a return of 9.17% over the last 3 years. It is traded on both the NSE and BSE under the symbol SREEL.
While the stock has shown resilience, recent performance has been mixed. Over the past 6 months, the Sreeleathers share price has decreased by 11.77%, and in the last year, it has decreased by 20.76%.
The company was founded by Suresh Chandra Dey on January 14, 1991, and is headquartered in Kolkata, India. The current leadership team includes:
- Managing Director: Satyabrata Dey
- Company Secretary: Bijoy Kumar Roy
- Chief Financial Officer: Sujay Bhattacherjee
Promoter holding in Sreeleathers Ltd remained stable at 75.00% as of March 2025, consistent with June 2024. There is no promoter pledging, which signifies strong confidence from the founding team and contributes to the stability of the company's operations.
Sreeleathers Ltd operates within the consumer discretionary sector, specifically the footwear sub-sector. Over the last 5 years, its revenue has grown at a yearly rate of 4.45%, outperforming the industry average of 3.27%.
The company's future outlook anticipates robust growth, with forecasted earnings and revenue rising approximately 0.2% and 0.3% annually, respectively. Its operational efficiency is demonstrated by an average Return on Capital Employed (ROCE) of 8.3% from FY ending March 2022 to 2024, with a median of 8.8%.
Sreeleathers Ltd presents a unique investment opportunity in India's leather goods and footwear sector, leveraging decades of industry experience, a debt-free balance sheet, and a strong retail presence across the country.
