Today we are discussing Manufacturer and suppliers of Hawai Chappal, Ballerina, School Shoes, Casuals, Eva Footwear etc manufacturing company. Footwear segment is highly consumable items and market share improving year on year also high margin business. Lot of player in this segment like BATA, RELAXO, LIBERTEY ect, but in some area local manufacturer capture the market and they get higher margin compare to big player. Now come to the stock, this stock is really bull untouched in last several years.
LAWRESHWAR POLYMERS LTD(LEHAR)
LAWRESHWAR POLYMERS LIMITED ( LEHAR ) was incorporated as a Private Limited Company in the year 1994 with the object of manufacturing of canvas shoes, lightweight hawai chappals & EVA Injection footwear. The status and name of the company was changed to public limited company Lawreshwar Polymers Limited w.e.f. 27.05.1996. The Company is promoted by Shri Raj Kumar Agarwal alongwith Shri Mohan Lal Agarwal and Shri Naresh Agarwal. The Company commenced its production on 11th May 1995 with an installed capacity of 45 Lac pairs per annum and within a span of one year it had been successful in achieving envisaged results and able to establish an effective sales network in Rajasthan as well as other states. The Company has successfully established its brand name “LEHAR” in the market within a very short period. At present the Company is having an annual installed capacity of 75 Lac pairs of Hawai Chappals, 12 Lac pairs of Canvas shoes and 9.87 Lac pairs of EVA Injected footwear. The Company manufactures a variety of footwear like light weight fancy slippers, PVC and TPR footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. The Company is proposing to diversify its product line by manufacturing of PU Sole Footwear and intend to expand the present EVA manufacturing facilities.
The Company has installed machines of latest technology and other devices to make most efficient use of available resources as well as to maintain high standards of footwear manufacturing. This has also been one of the key factors for the company in achieving the following major awards
|1997||Awarded the Rajasthan Udyog Shree Award for manufacturing high quality shoes and chappals by the Government of Rajasthan|
|2002||Received the National Award from Ministry of Small Scale Industry for small Scale entrepreneurs for the Year 2000|
|2004||The Company was certified as ISO: 9001 and ISO: 14001|
|2005||Received the National Award from Ministry of Small Scale Industry for Quality products in SSI Sector for the Year 2003.|
|2005||Received the National Award from Ministry of Small Scale Industry for Small Scale Entrepreneurs for the Year 2003.|
Major events in the history of the Company is given below: -
|1994||Incorporated as a Private Limited Company|
|1995||Started commercial production of footwear|
|1996||Converted into a Public Limited Company|
|1996||First expansion cum diversification project for manufacturing canvas shoes and light weight hawai chappals and commenced the commercial production of diversified range|
|2003||Installed a fully automatated computerized EVA Injection footwear plant having capacity of about 9.87 Lac pairs per annum of EVA Injected moulded slippers|
polymers Limited has been one of the most active player in domestic
footwear industry. We produce and sell substantial volume of footwears
all across the nation, which made with sustainable managed
resources.Besides providing superior quality footwears, we take special
care to protect the environment.
Persistent follow up by management, internal /external audits and relentless efforts on the part of employees, have paid rich dividends. Working in accordance with quality systems has now become a way of life at Lawreshwar polymers Limited It's our continuous efforts to go beyond norms & limits set national and international standards and create our own standards to achieve excellence in quality, as we believe in doing things in a different manner. Emphasis is being given on detailed study of subjects and fields of our interest, as a result of which, everyday we find ourselves further ahead on the path of continuous improvement.
Promoter holding 65.46%, company posted 77cr top line and 1.70cr bottom line with 1.24 EPS in last year. Stock trading only in BSE @ 28 level long term investors can buy this share @ current price, this is one footwear segment stock can give good return in portfolio.
Disclosure :- I am holding this share for long term.