List of Top Footwear Company in India | Helpful Guide

Here is the list of Top Footwear Company in India based on Market Capitalization

  • Bata India Ltd
  • Relaxo Footwears Ltd
  • Mirza International Ltd
  • Sreeleathers Ltd
  • Liberty Shoes Ltd
  • Khadim India Ltd

Footwear Industry Dynamics in India

India is globally the second largest footwear producer after China. India’s footwear production accounts for approximately 9% of the global annual production of 22 billion pairs, as compared to China, which produces over 60%.

Footwear market is segmented based on different price-points

India’s footwear industry can be divided into four sub-segments based on retail selling price namely

  • Mass (less than 500/pair)
  • Economy (500-100/pair)
  • Mid(1000-3000/pair)
  • premium(more than 3000/pair)

BRANDED VS UNBRANDED FOOTWEAR MARKET IN INDIA

Branded vs Unbranded Footwear Market in India

BREAK UP OF MARKET BY GENDER(%)

Breakup of Market by Gender (%)

List of Top Footwear Company in India

#1. Bata India Ltd

Bata India Ltd-Footwear company in india

Bata India Ltd is the largest Footwear manufacturing company in India with a market cap of 16,438 Cr. in 2020

IndustryFootwear
Founded1931
ParentBata B.V.
ChairmanMr. Ashwani Windlass
MDMr. Rajeev Gopalakrishnan

Bata India was incorporated as Bata Shoe Company Limited in 1931. The Company went public in 1973 and became Bata India Limited.

Today, Bata India has established itself as India’s largest footwear retailer and caters to millions of customers every year.

It is constantly expanding its E-commerce footprint by ramping up its presence in online marketplaces allowing delivery in over 1,300 cities, rolling out home delivery from across 900+ stores and giving customers option to shop from the comfort of their homes via WhatsApp Chat with their neighborhood stores

KEY NUMBERS

  • 3.23 Mn sq.ft. of retail space across India
  • 30,534 Mn turnover (INR) in FY 2019-20
  • 9762 Employees across functions and locations
  • 1558 Retail stores across India including franchisee stores
  • 21 Mn footwear pairs production capacity per annum
  • 49.39 Mn footwear pairs sold this year

The company has four manufacturing units at Batanagar (Kolkata), Bataganj (Bihar), Peenya (near Bangalore), and Hosur (Tamil Nadu).

BUSINESS SEGMENTS

The company operates mainly in two segments

  • Footwear
  • Accessories

The Major Business Categories

  • Retail Business
  • Digital Multi-Channel Business
  • Hush Puppies
  • Naturalizer
  • Children’s Footwear
  • Non-Retail Business

REVENUE BREAK-UP BY GEOGRAPHIC WISE(%)

Bata India Ltd Geographical Area wise Revenue

BRANDS

Bata India Ltd-A leading Footwear company in india Brand list

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  16,438 Cr.
  • Current Price:  1,279
  • 52 weeks High / Low  1897.00 / 1000.00
  • Book Value:  147.36
  • Stock P/E: 49.65
  • Dividend Yield: 0.31 %
  • ROCE: 25.35 %
  • ROE: 18.21 %
  • Sales Growth (3Yrs): 7.29 %

BONUS SHARE ISSUE HISTORY

Bonus History (Bata India)

DateBonus Ratio
05-10-19871:1
11-09-19842:5
11-09-19791:4

FINANCIAL PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales1,2753,0569.14 %
Profit8832914.10 %
Share Price117.82127926.93 %

#2. Relaxo Footwears Ltd

Relaxo Footwear Limited-footwear company in india

Relaxo Footwears is the second largest footwear company in India with a market cap of 15,431 Cr. in 2020

IndustryFootwear
Founded1976
FounderMukund Lal Dua, Ramesh Kumar Dua 
MDRamesh Kumar Dua 

Relaxo Footwears Ltd. (RFL) was founded by Mr. Mool Chand Dua.

The company was incorporated in September 1984 as Relaxo Footwears Private Limited and was subsequently converted into a public limited company in March 1993.

  • It is the largest footwear manufacturing company in India.
  • It deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc.
  • It has a portfolio of 10 brands including major brands like Relaxo, Flite, Sparx, and the Bahamas.
  • The company sells its products through ~50,000 retailers served through distributors, 340 plus retail outlets, exports, e-commerce, modern trade, etc

It has 9 states of the art manufacturing facilities, six in Bahadurgarh (Haryana), two in Bhiwadi (Rajasthan), and one in Haridwar (Uttarakhand).

BRANDS

The Company is constantly involved in branding and advertising and has engaged Bollywood actors like Salman Khan and Akshay Kumar, to endorse its brands

Relaxo Footwear Ltd- Footwear company in india Brand List
SPARXPremium range of sports & canvas shoes, sandals & slippers
FLITEFashionable and lightweight footwear
RELAXOThe most popular iconic brand of Hawai slippers
BAHAMASTrendy and fashionable flip-flops
SCHOOLMATERange of school shoes for boys and girls
BOSTONFormal Shoes for men
MARY JANETrendy footwear for women
CASUALZQuality, Comfortable shoes for men
KIDS FUNRange of cool, colourful footwear for next-gen kids

REVENUE BREAK UP BY GEOGRAPHIC WISE(%)

Geographical Area wise Revenue (Footwear)- Relaxo Footwear Ltd

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  15,431 Cr.
  • Current Price:  621.60
  • 52 weeks High / Low  830.15 / 395.00
  • Book Value:  51.26
  • Stock P/E: 68.20
  • Dividend Yield: 0.20 %
  • ROCE: 25.69 %
  • ROE: 18.73 %
  • Sales Growth (3Yrs): 11.18 %

BONUS SHARE ISSUE HISTORY

Bonus History (Relaxo Footwears)

DateBonus Ratio
10-05-20191:1
11-05-20151:1
23-08-20001:1

FINANCIAL PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales554241015.84%
Profit3822619.52%
Share Price9.82621.6051.40%

#3. Mirza International Ltd

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Mirza International Ltd is the third largest footwear company in India with a market cap of 574.46 Cr. in 2020

IndustryFootwear
Founded1979
MD & CEORashid Ahmed Mirza

Mirza International Ltd was incorporated in 1979 by Mr. Irshad Mirza as a private limited company. The company became a public limited company in fiscal 1994.

  • 40 years of manufacturing operations
  • 27 years of supplying footwear to global brands
  • 6.4 million pairs of footwear per annum
  • 74.42% footwear capacity utilization in FY 2018-19

The company has 6 integrated manufacturing facilities.

BUSINESS SEGMENTS

Mirza International Ltd-Business Segments

 

In the international markets, the company is among the few Indian footwear companies to sell under its brand name. It is also the preferred supplier of leather footwear to leading international brands.

  • Presence in 28 countries
  • 1,200+ Multi-brand outlets in UK selling RED TAPE
  • 500+ Multi-brand outlets in the US selling RED TAPE

In the domestic markets, It is aggressively growing the strength and sales of our multiple footwear brands through a well-thought-out market expansion strategy.

  • Presence in 99 cities
  • 210+ Shop-in-shop
  • 206 Exclusive REDTAPE shops
  • 830 Multi-brand outlets & chain stores

The company has also forayed into clothing and accessories segments in both domestic and global markets.

BRANDS

REDTAPEREDTAPE is a premium lifestyle brand offering style, quality and comfort at competitive prices.
BOND STREETBond Street provides footwear in the polyurethane (PU) segment
MODEMODE by the house of Redtape is an exclusive women’s wear brand, covering a range of products from footwear to clothing
REDTAPE AthleisureRED TAPE Athleisure offers quality sports shoes for men at attractive prices
OaktrakOaktrak stands for style and comfort and is targeted at the niche consumer base of senior professionals.

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  574.46 Cr.
  • Current Price:  47.75
  • 52 weeks High / Low  72.00 / 27.25
  • Book Value:  51.28
  • Stock P/E: 12.02
  • Dividend Yield: 1.88 %
  • ROCE: 12.03 %
  • ROE: 8.18 %
  • Sales Growth (3Yrs): 7.55 %

BONUS SHARE ISSUE HISTORY

Bonus History (Mirza International)

DateBonus Ratio
21-02-20001:1
24-12-19971:1

FINANCIAL PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales3471,29814.10%
Profit19489.71%
Share Price15.5947.7511.84%

#4. Sreeleathers Ltd

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Sreeleathers Ltd is the 4th largest footwear company in India with a market cap of  323.56 Cr. in 2020

IndustryFootwear
Founded1991
FounderSuresh Chandra Day
MDSri Satyabrata Dey

Sreeleathers Ltd was founded by Suresh Chandra Day as a small and humble organization in Jamshedpur.

Following his footsteps, the successive generations carried on the same path and expanded the business to become a leader in Eastern India.

PRODUCTS

Sreeleathers offers a wide range of footwear and accessories at a cost that is affordable and accessible to all.

The company Mainly present in 5 category

  • Men
  • Women
  • Kids
  • Accessories
  • Washables

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  323.56 Cr.
  • Current Price:  128.60
  • 52 weeks High / Low  203.20 / 87.10
  • Book Value:  123.28
  • Stock P/E: 11.85
  • Dividend Yield: 0.00 %
  • ROCE: 13.52 %
  • ROE: 9.51 %
  • Sales Growth (3Yrs): 28.15 %

FINANCIAL PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales3217614.10%
Profit3279.71%

#5. Liberty Shoes Ltd

Buy Men & Women Footwear Online at Best Price | Liberty shoes

Liberty Shoes Ltd is the 5th largest Footwear company in India with a market cap of 238.82 Cr. in 2020

IndustryFootwear
Founded1954
CEO Mr. Adesh Gupta

Liberty Shoes Ltd is the flagship company of the Karnal (Haryana) based Liberty Group.

Liberty Shoes Ltd production History

The group has a presence in the Indian footwear industry for the last six decades. It is engaged in the business of manufacturing and selling leather and non-leather footwear.

  • Presence in 25+ countries worldwide
  • The company has a wide and established distribution network comprising of about 150 distributors and 600 exclusive showrooms as on December 31, 2019 (both franchised and owned) spread across the country.
  • Company’s sales are well diversified in terms of geography in North, South, East and West part of India with Major contribution from North India
  • The company produce 5000 new design every year

The company has five manufacturing facilities located at Karnal (Haryana), Gharaunda (Haryana), Liberty Puram (Haryana), Paonta Sahib (Himachal Pradesh) and Roorkee (Uttarakhand) having a combined capacity of manufacturing 106 Lakh pairs of shoes per annum

BRANDS

LSL has a diversified product portfolio and enjoys good brand name in the footwear industry.

LSL has also developed a number of popular sub-brands such as

  • Fortune
  • Warrior
  • Windsor
  • Senorita
  • Tiptop
  • Foot fun
  • Perfect
  • Force-10
  • Gliders
  • Coolers
  • Aha
  • Leap7x
  • Healers
  • Lucy & Luke

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  238.82 Cr.
  • Current Price:  140.15
  • 52 weeks High / Low  163.00 / 63.55
  • Book Value:  107.46
  • Stock P/E: 34.26
  • Dividend Yield: 0.00 %
  • ROCE: 10.00 %
  • ROE: 4.05 %
  • Sales Growth (3Yrs): 9.87 %

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
18-07-20051:1

FINANCIAL PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales2605968.65%
Profit9112.03%
Share Price103.95140.153.03%

#6. Khadim India Ltd

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Khadim India Ltd is the 6th largest footwear company in India with a market cap of 206.02 Cr.

IndustryFootwear
Founded1965
Chairman & MDSiddhartha Roy Burman
CEOIshani Ray

Khadim India Ltd has been in the business of manufacturing footwear and accessories for around five decades and has an established track record in the footwear industry.

  • One of the largest footwear retailers
  • Largest presence in East India
  • One of the top 3 players in South India
  • Emerging brand in West and North India

The company operates through two diverse business modelsRetail and distribution, each with its own customer base, product range, and sales channels.

Retail Business :

The company’s retail business includes 799 exclusive branded outlets under the “Khadim’s” brand name.

The product range consists of leather, non-leather sandals, slippers, boots, ballerinas, stilettos, moccasins, sports shoes and accessories, all available under the Khadim’s brand, or one of our various sub-brands.

Khadim India Ltd Retail Store-Region Wise

Distribution Business

The company’s distribution network is spread across 544 distributors supplying to Multi Brand Outlets (MBOs) in India.

The product range for this segment includes EVA, basic and premium, PVC, PVC DIP, and PU, and Stuck On products.

Khadim India Ltd Distributors Store-Region Wise

BRANDS

KIL has a large product portfolio with various sub-brands at multiple price points, catering to the needs of a wide customer base

British Walkers Premium formal shoes and sandals crafted from genuine leather, for the discerning few
LazardTrendy formal and semiformal shoes and sandals for men made from top-grade leather and faux leather for office and after-office hours
Turk Hardy, all-terrain outdoor boots and sandals for adventure seekers made from premium quality faux leather
Pro Sporty sneakers, floaters, and slippers featuring mesh, synthetic and canvas uppers for active men and women.
Softouch Soft, comfortable shoes and sandals with special anatomical support crafted from top quality leather and faux leather.
SharonFashionable and functional shoes and sandals using premium grade faux leather for the multi-tasking woman.
CleoStylish, ultra-glam sandals and shoes for young women using high-quality faux leather.
BonitoColorful shoes and sandals for the little ones to add fun to their growing years in faux leather

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  206.02 Cr.
  • Current Price:  114.65
  • 52 weeks High / Low  287.75 / 60.20
  • Book Value:  129.94
  • Stock P/E:
  • Dividend Yield: 0.87 %
  • ROCE: 12.76 %
  • ROE: 7.56 %
  • Sales Growth (3Yrs): 14.35 %

Data taken from www.screener.in

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