Valuation · at the close on 16 Oct 2026

Leather Up Limited (LEUL) valuation

LEUL has no positive earnings to compare its share price with, so P/E is not meaningful. The shares are priced at 37.72× book value (sector median 3.56×).

P/E · today

—

TTM to Jun 2026

5-yr average— Sector median9.4×

P/B · today

37.72×

Quarter to Jun 2026

5-yr average4.68× Sector median3.56×

EV/EBITDA · today

—

5-yr average— Sector median21.7×

Dividend yield · today

0.0%

FY2025

5-yr average0.0% Payers' median—

Market value Rs 423.4 mn at Rs 70.56. Sector medians use the latest close of 6 Leather & Tanneries companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10

LEUL valuation history (annual) (Rs mn)

Rs mn	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016
Market capitalisation	214.6	79.7	61.7	81.1	108.3	66.1	66.1	112.2	132.0	55.8
Enterprise value	212.7	78.4	59.0	80.2	106.9	64.5	65.6	118.7	149.1	72.3
Share price (period end) Rs	35.77	13.28	10.29	13.51	18.05	11.01	11.02	18.70	22.00	9.30
P/E (diluted)	—	247.71×	—	—	—	—	—	2.48×	9.92×	5.10×
Price to book	13.52×	3.93×	3.12×	3.56×	2.86×	0.69×	0.68×	1.06×	2.23×	1.22×
Price to sales	17.79×	2.89×	2.27×	3.01×	6.39×	2.41×	1.38×	2.17×	0.99×	0.44×
EV / EBITDA	—	1,044.89×	—	—	—	—	—	—	8.25×	4.56×
EV / Sales	17.60×	2.85×	2.17×	2.98×	6.30×	2.35×	1.37×	2.30×	1.12×	0.57×
Dividend yield (gross)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Free cash flow yield	—	—	—	—	—	—	(25.1%)	(26.5%)	(0.1%)	(3.6%)
PEG ratio	—	2.26×	—	—	—	—	—	0.01×	0.46×	—
P/E (diluted, normalised)	—	247.71×	—	—	—	—	—	2.48×	9.92×	5.10×
Price to book — 5-year average	4.68×	2.02×	1.40×	1.21×	1.23×	1.07×	—	—	—	—
EV / EBITDA — 5-year average	—	—	—	—	—	24.00×	—	—	—	—
Dividend yield — 5-year average	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—

LEUL valuation: frequently asked questions

What is LEUL's book value per share? +

Leather Up Limited's book value per share was Rs 2.64 at the end of FY2025. The shares trade at 37.72× book value.

Information only, not investment advice.