Footwear stock in focus after it secures order worth ₹22 Cr from Govt of Andhra Pradesh and Tamil NaduFootwear stock in focus after it secures order worth ₹22 Cr from Govt of Andhra Pradesh and Tamil Nadu

Introduction:

Leading footwear manufacturer has secured a ₹22.01 crore order from Tamil Nadu and Andhra Pradesh governments to supply shoes, socks, school bags, and ankle boots for students, reinforcing its strong presence in the institutional footwear and education sector.

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Share price movement of Lehar Footwears:

On March 4, 2025, Lehar Footwears Ltd opened at ₹198.70, slightly down from its previous close of ₹198.80. The stock reached a high of ₹199.50 and a low of ₹193.00. By 11:33 AM, it traded at ₹193.30, with a market cap of ₹341.73 crore.

Lehar Footwears Secures ₹22.01 Crore Order:

Lehar Footwears Limited has received work orders worth ₹22.01 crore, including GST, from Tamil Nadu Textbook and Educational Services Corporation and the Government of Andhra Pradesh Samagra Shiksha. The order involves supplying shoes, socks, school bags, and ankle boots.

The company will supply these products to students under government programs, with execution timelines ranging from 90 to 120 days. The Tamil Nadu orders cover various school essentials, while Andhra Pradesh’s order includes shoes and socks for students, reinforcing Lehar Footwears’ presence in the institutional footwear segment.

This contract highlights the growing demand for Lehar Footwears’ products in the education sector. With a strong domestic market footprint, the company continues to secure high-value government orders, further strengthening its business and reinforcing its role in the student welfare initiative.

Ace investor holding in Lehar Footwears:

Abhijit Periwal 

Abhijit Periwal holds a 1.33% stake in Lehar Footwears Ltd with 235,037 shares valued at ₹4.6 crore. His investment highlights confidence in the company’s growth potential within the footwear industry and its expanding market presence.

Stock performance of Lehar Footwears for Period of 1 week, 6 months, and 1 year:

Lehar Footwears Ltd has witnessed a -12.8% decline over the past week, indicating short-term pressure. Over six months, the stock has dropped -15.3%, reflecting volatility. However, it has delivered a strong 49.9% return over the past year, showcasing long-term growth.

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Shareholding pattern of Lehar Footwears:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	72.90%	72.90%	73%
FII	0%	0%	0.00%
DII	0%	0%	0%
Public	27.10%	27.10%	27.10%

About Lehar Footwears:

Lehar Footwears Ltd (BSE: 532829) is a leading mass-footwear manufacturer specializing in non-leather footwear. Established in 1994, the Rajasthan-based company offers a diverse range of slippers, sandals, and school shoes, using PU, PVC, EVA, and TPR materials.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.