Lehar Footwears lands ₹39.70 cr order, its largest ever
The OEM contract covers 18 lakh pairs of footwear, worth 9.2% of FY26 revenue and 8.7% of market cap, to be delivered in 60 days.
— 1 earlier story on Lehar Footwears Ltd. →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 this 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.
Questions answered
- Who placed the ₹39.70 crore order?
- The order is from an undisclosed domestic entity. Lehar Footwears did not name the counterparty.
- How significant is this order compared to Lehar's revenue?
- The ₹39.70 crore order represents about 9.2% of Lehar's FY26 annual revenue. For context, its latest quarterly sales were ₹18 crore, so the order is more than double that.
- Is the order binding, and what is the delivery timeline?
- Yes, the order is binding. The company must manufacture and supply the 18 lakh pairs of footwear within 60 days from the date of acceptance.
- How does this order affect Lehar's near-term outlook?
- The order materially boosts near-term revenue visibility, especially given recent declining sales and a net profit of zero in the December quarter. If executed profitably, it could lead to earnings estimate upgrades.
- What are the execution risks?
- The main risk is meeting the 60-day delivery deadline at the contracted margin. Lehar will use its facilities in Rajasthan and Haryana, which have capacity, but the mass footwear segment operates on thin margins.
Lehar Footwears Ltd.
Latest quarter · Dec 2012
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All notes on LEHAR →- 22 Jun 2026 · 10:27 AM IST Lehar Footwears lands ₹39.70 cr order, its largest ever
- 31d ago Lehar Footwears doubles net profit to ₹20.84 cr in FY26