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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Pretto Leather Industries Limited is a 1996-vintage leather tanning and goods company based in Bareilly, Uttar Pradesh. The company's ₹0.05 share price raises serious concerns about financial health and operational viability. India's leather industry has genuine export potential, but the combination of environmental compliance pressures, thin margins, and apparent financial distress makes this a high-risk investment. Investors should exercise extreme caution, conducting thorough due diligence through MCA filings and the company's website at http://www.pretleather.com before considering any investment.
Pros
Cons
Business Segments
Leather Tanning
Processing and tanning of raw hides and skins sourced from the Gangetic belt into finished leather for industrial and consumer use
Leather Goods Manufacturing
Manufacture of luggage, bags, and leather accessories for domestic and export markets
Revenue Model
Pretto Leather Industries Limited generates revenue through the sale of tanned leather and finished leather products including luggage and bags. Revenue depends on raw hide procurement costs, tanning capacity utilisation, product quality, and export or domestic market demand for leather goods.
Detailed Analysis
Growth Plans
India's leather export promotion policies and Council for Leather Exports support schemes
Bareilly's established position as a western UP commercial hub offering distribution advantages
Potential revival through new promoter acquisition or corporate restructuring
Growing global demand for Indian leather goods in premium export markets
Industry Tailwinds
Recent Developments
India's leather industry, particularly in Uttar Pradesh, continued to push for export growth through the Council for Leather Exports, with government schemes supporting modernisation of tanneries and leather goods manufacturers.
2024-04Uttar Pradesh's State Pollution Control Board intensified monitoring of tannery effluent treatment systems across leather hubs including Kanpur and Bareilly, requiring compliance investments from leather companies.
2023-07Comparable Companies
BATAINDIA · ~12,000 Cr
Frequently Asked Questions
About Pretto Leather Industries
Pretto Leather Industries Limited is a public limited company incorporated on 30 December 1996 in Bareilly, Uttar Pradesh. The company is engaged in the tanning and dressing of leather and the manufacture of luggage, handbags, saddlery, and harness — a comprehensive leather goods manufacturing operation targeting both domestic and international markets. Headquartered at 11, Jamuna Vihar, Opposite North City Extension, Pilibhit Road, Bareilly, Uttar Pradesh, the company is situated in a region historically known for its leather processing activity. Bareilly lies in the Gangetic plains of UP, which along with Kanpur, Agra, and surrounding districts forms one of India's most significant leather manufacturing belts. Pretto Leather Industries holds an authorized share capital of Rs. 8 crore with a paid-up capital of Rs. 7.8 crore. The company's board consists of Praveen Kumar Gupta, Karam Singh, Jayesh Kumar, and Akshay Singh. The company manufactures finished leather products including travel luggage, handbags, and equestrian goods — segments that combine craftsmanship with functional consumer demand. India is among the world's largest leather producers and a significant exporter of leather goods; Uttar Pradesh-based manufacturers like Pretto Leather benefit from proximity to raw material supply chains (hide and skin processing), skilled artisan labor, and export infrastructure. However, the company has not filed its Annual General Meeting (AGM) records or balance sheet since 2014, which raises significant concerns about operational status and financial transparency. The last reported AGM was held on 30 September 2014, and the last balance sheet was filed for the year ending 31 March 2014. This decade-long gap in public disclosures makes it difficult to assess the company's current financial health, operational scale, or future trajectory.
Key Milestones
Incorporated in 1996 in Bareilly, Uttar Pradesh under CIN L19113UP1996PLC021203 as a public limited leather company
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's leather export promotion policies and Council for Leather Exports support schemes
Bareilly's established position as a western UP commercial hub offering distribution advantages
Potential revival through new promoter acquisition or corporate restructuring
Growing global demand for Indian leather goods in premium export markets
Industry Headwinds
Near-zero share price indicating likely financial distress requiring deep due diligence
Stringent environmental regulations for leather tanneries potentially forcing operational restrictions
Competition from lower-cost Asian leather exporters in global markets
No AGM or balance sheet filed since FY2014 — over a decade of missing disclosures
Source: Media Reports / Public Records
No credit rating found from any agency
Source: AlphaHub Research
Limited public information available about current operations and financial health
Source: Media Reports / Public Records
Shares are listed as delisted per some market data sources
Source: Media Reports / Public Records
The ₹0.05 share price (far below face value) is a strong indicator of accumulated losses, capital erosion, or dormant operations. Thorough financial due diligence through MCA filings is essential.
Leather tanning is one of India's most heavily regulated industries due to toxic effluents (chromium, sulphides). Non-compliance with CPCB and SPCB norms can lead to closure orders.
India's leather sector faces intense competition from China, Vietnam, and Bangladesh in export markets, and from large organised players like Bata, Khadim, and Liberty in domestic markets.
Raw hide prices are volatile and affected by slaughterhouse regulations, livestock policies, and seasonal factors, impacting tannery margins.
The near-zero share price and unlisted status create extreme illiquidity for investors, with minimal exit options in secondary markets.
KHADIM · ~700 Cr
LIBERTSHOE · ~500 Cr
Registered with the Registrar of Companies, Kanpur, in the leather tanning and goods manufacturing sector
Established operations in Bareilly, a key trading and manufacturing town in western Uttar Pradesh
Developed a corporate web presence at http://www.pretleather.com indicating market-facing business activity
Shares quoted in the unlisted market at approximately ₹0.05 per share, reflecting significant financial challenges