Analysing the Financial Performance of KSR Footwear Ltd
1. Introduction
Brief Introduction of the Company
KSR Footwear Ltd make shoes meant for regular wear. Focused on global reach, it targets local customers instead. Its pricing stays within reach for most people. Function matters more than flashy design here. Distribution happens mostly through homegrown channels. What you get is practical footwear without extra features. The emphasis leans toward usefulness rather than trend.Local demand shapes much of what they produce. Shoes are built to last under daily conditions.
Industry Overview
Shoes in India come from a crowded mix of big companies and small local makers. As cities grow larger, people have more money to spend, which means they buy more footwear. Fashion keeps shifting too, pushing buyers toward new styles every season. Still, prices matter a lot here shoppers often choose based on cost first. Materials used to make shoes can jump in price unexpectedly making production harder to plan.
Purpose of the Analysis
KSR Footwear Ltd comes down to looking at its operation, where it stands in the marketplace, what works well, possible danger ahead, plus how money matters shape up over time. Seeing these parts gives a clearer picture on how the business performs now and might grow later.
2. Company Overview
Background and History
KSR Footwear Ltd aimed to make affordable shoes available across India. As years passed, local demand grew stronger because trust in their products spread quietly through word of mouth.
Business Model
Manufacturing comes first for this firm, then shipping it out. Footwear made cheaply when built in large amounts.Through wholesalers comes one path. Another way opens up when stores join in. Distribution networks carry the rest forward.Targeting price sensitive consumer segments .Most income comes from selling lots of items, not charging higher prices.
Key Products/Service
Casual footwear
Sandals and slipper
Daily wear footwear for men,women, and children. Price matters just as much as what it does. Luxury takes a back seat here.
Market Position
KSR Footwear Ltd. tried to hold it ground. Rivals pop up fast, some nearby, others well known with big names. Brand power isn’t their strength instead, they lean on cost and how easy it is to get their product.
3. Promoter Founder Introduction
Rittick Roy Burman
Promoter/Founder | Background | Role in Company |
|---|---|---|
Rittick Roy Burman | Roy Burman family; experience in footwear manufacturing & distribution | Managing Director; leads operations and strategic growth |
Suman Barman Roy | Roy Burman family; industry experience in leadership | Chairman; provides strategic guidance and oversight |
Ritoban Roy Burman | Roy Burman family; involved in brand management | Non-Executive Director; supports board-level decisions |
4. Financial Statement Analysis
A. Income Statement Analysis
- The company reported ₹206 Cr revenue in 2025 with very low operating profit (₹1 Cr).
- Net loss of ₹14 Cr indicates profitability issue.
- Margin remains weak due to high depreciation (₹12 Cr) and interest cost (₹5 Cr).
B. Balance Sheet Analysis
KSR Footwear Ltd shows a moderate asset base (~₹174 Cr) with liability (~₹99 Cr) and equity (~₹74 Cr), indicating a reasonably leveraged structure.
The company maintains positive working capital, as short term assets exceed liability,suggesting decent liquidity. However,negative profitability and weak reserves impact overall financial strength.
C. Cash Flow Statement Analysis
Particular | FY 2025 |
Cash Flow from Operation | ~5.28 |
Cash Flow from Investing | -0.49 |
Cash Flow from Financing | — |
Net Cash Flow | ~5.77 |
Positive operating cash flow indicates cash generation despite accounting loss.Overall liquidity remains stable in the short term.
D. Key Financial Ratio
Category | Ratio | Value |
Profitability | Net Profit Margin | -6.8% |
Liquidity | Current Ratio | 3.38 |
Leverage | Debt-to-Equity Ratio | 0.18 |
Efficiency | Fixed Asset Turnover | ~0 (very low) |
Profitability is negative, indicating loss.Liquidity is strong. Leverage is moderate, reducing financial risk.Efficiency ratios are weak due to low asset utilization.
E. Year-on-Year Comparison
Particular | 2023 | 2024 | 2025 |
Revenue | 180 | 195 | 206.22 |
Net Profit | -10 | -12 | -14.31 |
Assets | 0.45 | 0.50 | 0.54 |
Liability | 1.50 | 1.58 | 1.66 |
Equity | -1.05 | -1.08 | -1.12 |
5. Key Insights & Interpretation
Strength
Running thing without spending too much help the business stay in line when price matter most
Established distribution networkin regional area
Finding a way to reach a lot of people keeps interest alive.
Weaknesses
Smaller presence in the market when stacked against big shoe names.
Fight over price earning down when too many players are the same customer.
Dependence on traditional retail channels.
Limited product differentiation.
Risk Factor
Raw material price volatility, especially rubber and synthetic material .Facing sharp rivalry not just from big branded companies but also small neighborhood sellers. Tough pressure comes from nationwide chains along with shop operators working outside strict rules.
Future Outlook
The Future of KSR Footwear Ltd
Expand into new markets
Improve product quality and design
Strengthen brand identity
Adopt modern retail and e-commerce channels
A shift in how people spend could push the business forward - provided it backs new ideas. Without that move, staying small might be inevitable.
6. Conclusion
Final evaluation of financial health
KSR Footwear Ltd runs a quiet kind of stability. Profit isn’t soaring instead, movement in number keeps things moving. Steady buyers matter more than big markup here. Without flashy returns, the company still stays open because people keep buying.
Investment or performance perspective
The company who can handle up and down might look into smaller companies or newer ventures. Poor fit if rapid expansion matters to you instead of steady progress. Beyond just tracking numbers, watching how market shifts matter. Financial reports need close attention over time.
7.Data Source
https://www.screener.in/company/KSR/