Footwear Stocks and Companies in India

The largest Footwear stocks in India by market value are Metro Brands (₹22,478 crore), Bata India (₹8,198 crore) and Relaxo Footwears (₹7,272 crore), at prices of 6 Nov 2026.

• Metro Brands: ₹824.55 | market value ₹22,478 crore | P/E 54.2
• Bata India: ₹638.05 | market value ₹8,198 crore | P/E 47.3
• Relaxo Footwears: ₹292.10 | market value ₹7,272 crore | P/E 39.2
• Redtape: ₹106.57 | market value ₹5,885 crore | P/E 23.2
• Campus Activewear: ₹197.99 | market value ₹6,052 crore | P/E 39.3
• Sreeleathers: ₹272.70 | market value ₹631 crore | P/E 19.2
• Mirza International: ₹33.20 (price from the week of 9 Aug 2026) | market value ₹459 crore

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 7 listed Indian Footwear companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Footwear index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Metro Brands Ltd₹22,400 cr
2. Bata India Ltd₹8,190 cr
3. Relaxo Footwears Ltd₹6,780 cr
4. Redtape Ltd₹5,940 cr
5. Campus Activewear Ltd₹5,830 cr
6. Sreeleathers Ltd₹586 cr
7. Mirza International Ltd₹459 cr

7 Footwear companies in the Footwear industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 7 are listed below, largest first. The largest is Metro Brands (₹22,443 crore) and the smallest with a market value is Mirza International.

Download all 7 Footwear companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 38% behind NIFTY 500. Earnings across its companies grew 15% on average over the last four reported quarters.

0 of the 6 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 6 companies in the industry index above their 200-day average (no change from four weeks earlier); 0 of those 6 pass the momentum test (no change from four weeks earlier); earnings rising at 5 of the 6 that report earnings.

Behind NIFTY 500 by −13.4% over a year, with participation off the floor of its own 26-week range. Earnings confirming, 5 of 6 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 6 of its 7 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Footwear has done worse than the NIFTY 500 by 16.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 6.5%. Redtape Ltd is the strongest against the sector itself at −6.4%.

Footwear has done worse than the NIFTY 500 by 16.1% over 52 weeks and by 6.5% over 13 weeks. 0 of 7 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 0 of the 2 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Redtape Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Redtape Ltd has the strongest one-year price move in Footwear at −24.6%. Sreeleathers Ltd leads on relative strength against the NIFTY, at +20.0%. 1 of 7 companies we track is ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Footwear itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

1 of 6 Footwear companies held a results call for July to September 2026. Metro Brands guided: FY27 revenue growth around 15%, with festive-calendar timing estimated to have reduced Q2 growth by 250-350 basis points.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 0.3 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹739 crore in the last 12 months, 3% less than a year before.
• Projects still being built grew 1% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 7 Footwear companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Footwear figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 28 Jul 2026, so the words are older than the numbers. 4 themes are live here, 1 of them rated high severity.

The Footwear sector analysis for the week ending 17 July 2026 relies on a single constituent, Mirza International Ltd (MIRZAINT). The company reported consolidated revenue from operations of ₹102.56 Cr, a decline of 15.9% YoY. Profit for the period consolidated quarter ended 31.03.2026 was (1321.93) Lakh, widening losses compared to (354.38) Lakh in Q4FY25.

How old this read is: OLD: this read comes from our Footwear sector brief dated 28 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Footwear sector brief, 28 Jul 2026.

Bata India Ltd has the highest Revenue among the 7 Footwear companies compared here, at ₹3,614 crore. Metro Brands Ltd is next at ₹3,034 crore. Sreeleathers Ltd has the highest Revenue growth at 16.7%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Bata India Ltd is the largest at ₹3,614 crore, 19.1% ahead of Metro Brands Ltd. Sreeleathers Ltd's growth is 16.7% from a ₹258 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Bata India Ltd is the size to compare against; Sreeleathers Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Bata India Ltd's growth falls below Sreeleathers Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Metro Brands Ltd has the highest OPM among the 7 Footwear companies compared here, at 27%. Bata India Ltd is next at 17%. Sreeleathers Ltd has the highest Margin change at +7 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Metro Brands Ltd leads opm at 27%; Sreeleathers Ltd leads margin change at +7 percentage points.

What this means: Metro Brands Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Metro Brands Ltd has the highest Net profit among the 7 Footwear companies compared here, at ₹420 crore. Redtape Ltd is next at ₹254 crore. Mirza International Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Metro Brands Ltd earns the most, ₹420 crore of profit over the last 12 months, 65.4% above Redtape Ltd. Mirza International Ltd shows at least 100% on the scoring scale growth from a profit base of ₹0 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Metro Brands Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Redtape Ltd has the highest ROCE among the 7 Footwear companies compared here, at 24.5%. Campus Activewear Ltd is next at 21.2%. The same company also has the highest ROCE change, at +7.4 percentage points. 7 of 7 companies report a comparable reading, the latest through Sep 2026. Its ROCE series carries 14 reported observations across the 20-quarter window.

What the numbers say: Redtape Ltd leads ROCE at 24.5%, 3.3 percentage points above Campus Activewear Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Redtape Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Redtape Ltd has the lowest PEG among the 7 Footwear companies compared here, at 0.76×. Sreeleathers Ltd is next at 0.81×. Sreeleathers Ltd has the lowest P/E at 17.8×, so level and change sit with different companies. 4 of 7 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Redtape Ltd has the lowest comparable PEG at 0.76×, 6.2% below Sreeleathers Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Footwear companies show up on 4 of our India lists. The most are on the 52 week high & low list (4 companies).

This Footwear comparison names 4 specific ways its own evidence can mislead, all listed below. All 7 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

This comparison is built from the reported filings of 7 Footwear companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 24 answers restate the Footwear comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.