NB Footwear Ltd

NB Footwear Ltd (523242)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.89 %
3 Month Return-12.65 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 459
Rank 464
Rank 529
Dividend Yield
Rank 186
Rank 592
Price To Book Ratio
Rank 353
Debt To Asset
Rank 529

Company Information

NB Footwear is a part of Hyderabads most famous group the Rs 250cr 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 subcontract only to smallscale 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 joborder 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 handsewn and classic model shoes to Australia South Africa and southeast Asia. In 199596 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 199798. During 200102 the company was declared a sick company by BIFR and subsequently appointed CLRI as operating agencyBank of Indiato conduct the Techno Economic Viability Study. OTS with Exim bank was completed.
OrganisationNB Footwear Ltd