Lehar FootwearsBOM:532829 -3.06%83 Gross Margin % is 29.74% as of Mar. 2026, which is 41% above its 10-year median of 21.13. GuruFocus rates BOM:532829 with a GF Score™ of 83/100 and a GF Value™ of ₹279.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Lehar Footwears ranks worse than 53.8% on this metric.
The historical rank and industry rank for Lehar Footwears's Gross Margin % or its related term are showing as below:
BOM:532829'
s Gross Margin % Range Over the Past 10 Years
Min: 15.09 Med: 21.13 Max: 28.72
Current: 25.41
During the past 13 years, the highestGross Margin % of Lehar Footwears was 28.72%. The lowest was 15.09%. And the median was 21.13%.
BOM:532829's Gross Margin % is ranked worse than 53.8% of 1026
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51
vs BOM:532829: 25.41
Lehar Footwears had a gross margin of 29.74% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Lehar Footwears was 13.50% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Lehar Footwears had a gross margin of 29.74% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Lehar Footwears Gross Margin % Related Terms
Lehar Footwears Gross Margin % Historical Data
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The historical data trend for Lehar Footwears's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:532829 vs NKE, DECK, ONON: Gross Margin % Comparison
For the Footwear & Accessories subindustry, Lehar Footwears's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lehar Footwears Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lehar Footwears's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Lehar Footwears's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Lehar Footwears (BOM:532829) has a Gross Margin % of 29.74% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Lehar Footwears and its competitors. This is 41% above median its historical median of 21.13. Over the past decade, Lehar Footwears' Gross Margin % has ranged from 15.09 to 28.72. According to the industry distribution chart, Lehar Footwears ranks #552 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 53.8%.
Is Lehar Footwears' Gross Margin % too high?
Lehar Footwears' current Gross Margin % of 29.74% is 41% above median its 10-year median of 21.13. Over the past 10 years, this metric has ranged from a low of 15.09 to a high of 28.72. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Lehar Footwears' value of 29.74% is 4.3% above this industry median. Based on the distribution chart, Lehar Footwears ranks #552 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Lehar Footwears has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lehar Footwears' Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lehar Footwears ranks #552 out of 1026 companies for Gross Margin %. This places Lehar Footwears in the lower half of its industry. The industry median Gross Margin % is 28.51. Lehar Footwears' value of 29.74% is 4.3% above this benchmark. Historically, Lehar Footwears' own Gross Margin % has ranged from 15.09 to 28.72 over the past decade. While the company's 10-year median is 21.13 vs. the industry median of 28.51, Lehar Footwears has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lehar Footwears's current Gross Margin % of 29.74% is 4.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Lehar Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lehar Footwears's current Gross Margin % is 29.74%, which is 41% above median its own 10-year median of 21.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lehar Footwears stock overvalued right now?
Based on GuruFocus' analysis, Lehar Footwears (BOM:532829) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹279.45, compared to a current price of ₹246.90 — trading 11.6% below its estimated fair value. The current Gross Margin % is 29.74%, which is 41% above median its 10-year median of 21.13 and 4.3% above the Manufacturing - Apparel & Accessories industry median of 28.51. Lehar Footwears' overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Lehar Footwears (BOM:532829), the current Gross Margin % is 29.74% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lehar Footwears (BOM:532829) Overvalued in 2026?
Based on GuruFocus' analysis, Lehar Footwears stock appears to be undervalued.
The current stock price of ₹246.90 is trading 11.6% below its estimated GF Value™ of ₹279.45.
GuruFocus considers Lehar Footwears to be Modestly Undervalued.
Key valuation signals for BOM:532829:
Gross Margin %: 29.74% (41% above median its 10-year median of 21.13)
GF Value™: ₹279.45 vs. price of ₹246.90 (11.6% below fair value)
Industry Position: 4.3% above the Manufacturing - Apparel & Accessories median (#552 of 1026)
No single metric tells the full story. See the BOM:532829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lehar Footwears Ltd is an India-based footwear manufacturing company. It manufactures a variety of footwear like lightweight fancy slippers, Polyvinyl Chloride (PVC) and Thermoplastic rubbers (TPR) footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. It manufactures and sells its products under the name LEHAR in the domestic market. The company operates in one single segment which is the Manufacturing of Footwear.
83GF Score
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