What’s new

• Lehar Footwears won its largest-ever OEM order worth ₹39.70 crore, covering 18 lakh pairs.
• The order is from an undisclosed domestic entity and must be delivered within 60 days.
• At ₹39.70 cr, the order equals 9.2% of FY26 annual revenue and 8.7% of market cap.

Why it matters

For a company whose trailing revenue declined 16.6% and posted nil net profit in the December quarter, this binding order provides a rare near-term revenue boost. The scale, over twice the latest quarterly sales, validates its manufacturing capacity and could prompt earnings estimate revisions.

What we’re watching

• Execution speed: 60-day delivery deadline leaves no room for slippage.
• Whether the customer's identity surfaces — unsolicited orders from unknown names carry their own risk.
• Margins: the mass footwear segment is high-volume, low-margin, so profitability on this order is key.

The full read

Lehar Footwears has bagged its largest OEM order ever: ₹39.70 crore for 18 lakh pairs of footwear, to be delivered in 60 days. That is 9.2% of FY26 revenue and 8.7% of market cap, big numbers for any company, let alone a nano-cap that just posted a nil-profit quarter. The buyer is an undisclosed domestic entity, which adds some opacity. But for a business whose trailing revenue shrank 16.6%, this one order can rewrite the near-term picture. The key is whether it's profitable. If it is, earnings estimates will move up. If not, it's just volume without value.

Primary source: BSE · NSE

What’s new

• Annual revenue reached ₹431.11 cr, up 55% from the previous year's ₹277.21 cr.
• Net profit jumped to ₹20.84 cr from ₹10.87 cr.
• The board proposed a final dividend of ₹0.50 per share.

Why it matters

Lehar Footwears transformed its bottom line in one year. Net profit nearly doubled because sales in the toolkit segment outpaced the rise in total expenses.

What we’re watching

• The sustainability of higher profit margins.
• Shareholder approval of the ₹0.50 dividend at the AGM.
• Toolkit segment performance in the next three quarters.

The full read

Lehar Footwears ended FY26 with a sharp performance. Annual revenue climbed 55% to ₹431.11 crore from ₹277.21 crore a year earlier.

The company pinned this growth on its toolkit segment, which triggered a nearly twofold rise in net profit to ₹20.84 crore against ₹10.87 crore in FY25. The board confirmed a final dividend of ₹0.50 per share, which now heads to shareholders for final approval.

For a nano-cap entity, these results move the needle. The primary test is no longer whether Lehar can grow, but whether it can hold these gains as the business matures. The path from ₹10.87 crore to ₹20.84 crore in annual profit leaves little room for a slowdown in the next fiscal. It must prove this performance is permanent.

Primary source: BSE · NSE