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NB Footwear
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NB Footwear Limited was incorporated on September 24, 1987 as a Private Limited Company and later converted to Public Limited Company. The Company is in the business of tanners, processors, manufacturer and dealer in the hides of skins of all animal leather, leather goods and footwear of all kinds. It is a part of Hyderabad's most famous group the Rs 250 Crore Nava Bharat conglomerate.
The company commenced business in 1987 with an installed capacity for 3 lac pairs of full shoes at their advantageously located plant at Cheduvalai (North Arcot district), Tamilnadu. In the initial years, it ran up an accumulated loss of Rs 2 cr. It then undertook jobwork for Bata India but had to discontinue it when the government stipulated that Bata should sub-contract only to small-scale units. Although it had a huge capacity, NB Footwear could not receive orders from the market.
Nava Bharat Enterprises, a recognised Star Trading House, took up a stake in this company. Nava Bharat Enterprises does not have a plant. But it maintains a leather division and all the work is carried out at NB Footwear on a job-order basis. It then exports to Berger Schuh, Germany, a trading agency which supplies designs to NB Footwear. The shoes are sold to leading names in Germany such as Remo, Tiechmann, Karstadt, etc.
After successfully overcoming its initial hiccups and teething problems, the company doubled its capacity by 1990 and bagged a large export order of Rs 7 cr. Apart from Berger, the company exports to several other leading German buyers. Having established its image, it now intends to market ladies hand-sewn and classic model shoes to Australia, South Africa and south-east Asia. In 1995-96, the company came out with a rights issue, at a premiun, aggregating Rs 600 lac. Further, during the year, the company entered into a technical and marketing arrangement with Berger Schuhe, Germany.
The company entered into a joint venture agreement with Amerind Footwear Inc., New York for sale of shoes in USA in 1997-98. During 2001-02 the company was declared a sick company by BIFR and subsequently appointed CLRI as operating agency,Bank of India,to conduct the Techno Economic Viability Study. OTS with Exim bank was completed.
Due to various economic reasons the Company is not carrying on any business activity for last many years. The Management of the Company is looking for some viable product line to commence business activity.
NB Footwear share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of NB Footwear indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how NB Footwear is valued compared to its competitors.
NB Footwear PE ratio helps investors understand what is the market value of each stock compared to NB Footwear 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of NB Footwear evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively NB Footwear generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of NB Footwear in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of NB Footwear shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of NB Footwear compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of NB Footwear over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of NB Footwear helps investors get an insight into when they can enter or exit the stock. Key components of NB Footwear Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where NB Footwear shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect NB Footwear ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of NB Footwear provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of NB Footwear highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of NB Footwear .
The balance sheet presents a snapshot of NB Footwear ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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