NB Footwear

What does NB Footwear do?

NB Footwear Ltd. specializes in tanning, processing, and manufacturing animal leather and footwear, classified as a micro-cap company with a market cap of Rs 17 Cr. The company reported a net profit of 0 Cr for the quarter ending March 2025.

Overview:<BR>NB Footwear Ltd. is engaged in the business of tanning, processing, manufacturing, and dealing in animal leather, leather goods, and footwear, operating within the diversified consumer products industry and classified as a micro-cap company.<BR><BR>History:<BR>NB Footwear Limited was incorporated on September 24, 1987, as a Private Limited Company and later converted to a Public Limited Company. The latest quarterly results reported are for March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 17 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 43<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.00<BR>Return on Equity: 8.05%<BR>Price to Book: -10.38<BR><BR>Contact Details:<BR>Address: 87/84 Mosque Street, Seduvalai Village Vellore Tamil Nadu : 632104<BR>Email: nbfootwearltd@gmail.com<BR>Website: http://www.nbfootwear.in

Who are in the management team of NB Footwear?

As of March 2023, the management team of NB Footwear includes Kannan A Yadav (Managing Director & CEO), S Krishnan (Executive Director & CFO), Bina Shah (Chairperson), along with Rajen K Desai, Krishnaveni Kannan Yadav, and Neerav Merchant in various director roles. They oversee the company's operations and strategic direction.

As of March 2023, the management team of NB Footwear includes the following individuals:<BR><BR>- Rajen K Desai, Non Executive Director<BR>- Kannan A Yadav, Managing Director & CEO<BR>- Krishnaveni Kannan Yadav, Non Executive Director<BR>- S Krishnan, Executive Director & CFO<BR>- Neerav Merchant, Independent Director<BR>- Bina Shah, Chairperson<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

When is the next results date for NB Footwear?

No Upcoming Board Meetings

Has NB Footwear declared dividend?

No Dividend History Available

Who are the peers of the NB Footwear?

Peers of NB Footwear include Kajaria Ceramics, Safari Inds., Cera Sanitary, V I P Inds., Borosil, Pokarna, Olympic Cards, Solve, and Ahimsa Industrie, with varying management risks and growth classifications. Notably, NB Footwear has a 1-year return of 86.76%, slightly surpassing Pokarna's 86.66%.

Peers: Kajaria Ceramics, Safari Inds., Cera Sanitary., V I P Inds., Borosil, Pokarna, Olympic Cards, Solve, Ahimsa Industrie.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kajaria Ceramics, Safari Inds., Cera Sanitary., and Pokarna, while Average management risk is found at V I P Inds. and the rest. Below Average management risk is noted for Borosil, Olympic Cards, Solve, Ahimsa Industrie, and the rest. Growth is classified as Excellent for Borosil, Good for Safari Inds. and the rest, Below Average for Kajaria Ceramics, Cera Sanitary., V I P Inds., and the rest, and Average for Pokarna. Capital Structure is Excellent for Kajaria Ceramics, Safari Inds., Cera Sanitary., and Borosil, while Below Average is seen at V I P Inds., Pokarna, Olympic Cards, Solve, Ahimsa Industrie, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Pokarna at 86.66%, while the lowest is Olympic Cards at -18.11%. NB Footwear's 1-year return is 86.76%, which is slightly higher than Pokarna's. Additionally, the six-month return is negative for V I P Inds., Borosil, Pokarna, Olympic Cards, and Ahimsa Industrie.

Is NB Footwear overvalued or undervalued?

As of April 25, 2023, NB Footwear is rated as risky and overvalued due to its negative PE ratio of -17.33 and poor financial metrics, significantly underperforming compared to peers like Bhartiya International and Lehar Footwear, and has a year-to-date return of -24.88% versus the Sensex's 5.62%.

As of 25 April 2023, the valuation grade for NB Footwear has moved from does not qualify to risky, indicating a significant downgrade in its financial health. The company is currently assessed as overvalued, given its negative PE ratio of -17.33, price to book value of -10.90, and EV to EBITDA of -17.33. These ratios suggest that the company is struggling to generate positive earnings and is not effectively utilizing its capital.<BR><BR>In comparison to its peers, NB Footwear's valuation metrics starkly contrast with Bhartiya International, which has a PE ratio of 61.23 and an EV to EBITDA of 15.060, indicating a much healthier financial position. Similarly, Lehar Footwears, rated as fair, has a PE ratio of 40.42 and an EV to EBITDA of 19.080. The recent performance of NB Footwear has also lagged behind the Sensex, with a year-to-date return of -24.88% compared to the Sensex's 5.62%, further reinforcing the notion that the stock is overvalued in its current state.

What is the technical trend for NB Footwear?

As of June 2, 2025, NB Footwear's trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite some mixed signals from MACD and Bollinger Bands.

As of 2 June 2025, the technical trend for NB Footwear has changed from does not qualify to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum and the weekly Dow Theory also reflecting a mildly bearish outlook. While the weekly MACD shows mildly bullish signals, the monthly MACD and KST are both mildly bearish, suggesting mixed signals across different time frames. The Bollinger Bands indicate a bearish trend on the weekly chart, further supporting the bearish sentiment. Overall, the strength of the bearish trend is moderate, influenced by recent price action and broader market comparisons.

Who are the top shareholders of the NB Footwear?

The top shareholder of NB Footwear is Nitin K Minocha, with a 29.63% stake, followed by Lemon Management Consultancy Private Limited at 4.79%. Individual investors collectively own 45.67%, with no institutional holdings reported.

The top shareholders of NB Footwear include Nitin K Minocha, who holds the largest stake at 29.63%. Following him, the highest public shareholder is Lemon Management Consultancy Private Limited, with a holding of 4.79%. Additionally, individual investors collectively own 45.67% of the company. There are no institutional holdings from mutual funds or foreign institutional investors.

How big is NB Footwear?

As of 22nd July, NB Footwear Ltd. has a market capitalization of 19.00 Cr, classified as a Micro Cap, with recent net sales of 0.00 Cr and a net profit loss of 0.23 Cr over the last four quarters. Shareholder's funds are at a loss of 1.36 Cr, and total assets are reported as 0.00 Cr.

As of 22nd July, <BR><BR>Market Cap: NB Footwear Ltd. has a market capitalization of 19.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 0.00 Cr, while the sum of Net Profit for the same period shows a loss of 0.23 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds at a loss of 1.36 Cr and Total Assets reported as 0.00 Cr.

Are NB Footwear latest results good or bad?

NB Footwear's latest results are concerning, showing an operating profit and profit before tax of Rs -0.08 crore, the lowest in five quarters, alongside a drop in earnings per share to Rs -0.06 and a decline in cash reserves, indicating significant financial difficulties.

The latest results for NB Footwear indicate a challenging financial situation. The company reported an operating profit of Rs -0.08 crore for the quarter ending June 2025, which is the lowest in the last five quarters. This negative trend is mirrored in the profit before tax, also at Rs -0.08 crore, marking a concerning decline in profitability.<BR><BR>Earnings per share have dropped to Rs -0.06, further emphasizing the difficulties the company is facing in generating earnings for its shareholders. Additionally, cash and cash equivalents have fallen to Rs 0.00 crore, indicating a significant deterioration in short-term liquidity.<BR><BR>Overall, the financial indicators suggest that NB Footwear is experiencing significant difficulties in the current market environment, reflecting a flat performance with no growth and a decline in profitability compared to the previous year.

Should I buy, sell or hold NB Footwear?

How has been the historical performance of NB Footwear?

NB Footwear has consistently reported zero revenue and significant losses from March 2019 to March 2025, with negative operating profit and reserves, indicating a deteriorating financial position. The company's book value per share has declined from -1.09 in March 2020 to -1.92 in March 2025.

Answer:<BR>The historical performance of NB Footwear shows a consistent lack of revenue generation and significant losses over the years.<BR><BR>Breakdown:<BR>NB Footwear has reported zero net sales and zero other operating income from March 2019 to March 2025, indicating no revenue generation during this period. The total operating income has also remained at zero, with raw material costs, finished goods purchases, and other operating expenses consistently reported as zero. Employee costs have shown a slight increase from 0.01 crore in March 2019 to 0.06 crore in March 2025, while other expenses have fluctuated, peaking at 0.33 crore in March 2021 before decreasing to 0.17 crore in March 2025. The total expenditure, excluding depreciation, has varied slightly, with a high of 0.34 crore in March 2021 and a low of 0.19 crore in March 2024. Operating profit has consistently been negative, culminating in a loss of 0.23 crore in March 2025, similar to the losses reported in previous years. The profit after tax has also remained negative, with a loss of 0.23 crore in March 2025. The company's reserves have been negative throughout this period, reaching -16.09 crore in March 2025. Shareholder's funds have also been negative, indicating a deteriorating financial position. The book value per share has declined from -1.09 in March 2020 to -1.92 in March 2025, reflecting ongoing financial challenges. Overall, NB Footwear has not demonstrated any positive financial performance or growth over the years.

Why is NB Footwear Ltd. falling/rising?

As of 18-Jan, NB Footwear Ltd. is seeing a stock price increase to 7.77, up 3.6%, driven by recent gains and sector performance, despite long-term declines and reduced investor activity.

As of 18-Jan, NB Footwear Ltd. is experiencing a rise in its stock price, currently at 7.77, which reflects an increase of 0.27 or 3.6%. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 1.49% today, indicating stronger performance relative to its peers. Additionally, it has been gaining for the last two days, with a notable return of 8.67% during this period.<BR><BR>Despite the stock's recent gains, it is important to note that its performance over longer periods shows significant declines, such as a year-to-date drop of 24.12% and a one-year decline of 59.15%. However, the current positive momentum is supported by the overall performance of the leather sector, which has gained by 2.11%. <BR><BR>Moreover, while the stock's price is higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while there is short-term strength, it may still be facing challenges in the longer term. Additionally, there has been a decrease in investor participation, with delivery volume falling by 39.89% against the 5-day average, which could indicate a potential concern for sustained upward movement.<BR><BR>In summary, the rise in NB Footwear Ltd.'s stock price is primarily driven by recent gains and sector performance, despite underlying long-term challenges and reduced investor activity.

Which are the latest news on NB Footwear?