Relaxo Footwears
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Relaxo Footwears share price

Relaxo Footwears Ltd.

NSE: RELAXO BSE: 530517 SECTOR: Footwear  437k   3k   1k

420.50
+0.95 (0.23%)
NSE: Today, 02:34 PM

Price Summary

Today's High

₹ 422.85

Today's Low

₹ 417.35

52 Week High

₹ 888.2

52 Week Low

₹ 390.35

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 10467.87 Cr.

Enterprise Value

₹ 10388.71 Cr.

No. of Shares

24.89 Cr.

P/E

61.46

P/B

4.99

Face Value

₹ 1

Div. Yield

0.72 %

Book Value (TTM)

₹  84.28

CASH

₹ 97.7 Cr.

DEBT

₹ 18.54 Cr.

Promoter Holding

71.27 %

EPS (TTM)

₹  6.84

Sales Growth

4.72%

ROE

10.42 %

ROCE

14.98%

Profit Growth

29.78 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Relaxo Footwears Ltd.

Bahamas flite sparx schoolmate

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year4.72%
3 Year7.3%
5 Year4.92%

Profit Growth

1 Year29.78%
3 Year-11.74%
5 Year2.7%

ROE%

1 Year10.42%
3 Year10.99%
5 Year14.55%

ROCE %

1 Year14.98%
3 Year15.76%
5 Year20.14%

Debt/Equity

0.0093

Price to Cash Flow

44.52

Interest Cover Ratio

13.8102

CFO/PAT (5 Yr. Avg.)

1.37792533222366

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 71.27 0.00
Dec 2024 71.27 0.00
Sep 2024 71.27 0.00
Jun 2024 71.27 0.00
Mar 2024 71.27 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 13.8102.
  • The company has an efficient Cash Conversion Cycle of 28.9935 days.
  • Company has a healthy liquidity position with current ratio of 2.3994.
  • The company has a good cash flow management; CFO/PAT stands at 1.37792533222366.
  • The company has a high promoter holding of 71.27%.

 Limitations

  • The company has shown a poor profit growth of -11.7379894277611% for the Past 3 years.
  • The company has shown a poor revenue growth of 7.29529355828309% for the Past 3 years.
  • The company is trading at a high PE of 61.46.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Net Sales 747.21 748.19 679.37 666.9 695.15
Total Expenditure 626.86 649.29 591.71 583.51 583.1
Operating Profit 120.35 98.9 87.66 83.39 112.05
Other Income 5.06 5.43 6.64 6.8 8.09
Interest 4.66 4.89 4.98 5.38 5.41
Depreciation 38.46 39.11 39.75 40.2 39.37
Exceptional Items 0 0 0 0 0
Profit Before Tax 82.29 60.33 49.57 44.61 75.36
Tax 20.9 15.96 12.84 11.6 19.14
Profit After Tax 61.39 44.37 36.73 33.01 56.22
Adjusted EPS (Rs) 2.47 1.78 1.48 1.33 2.26

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2410.48 2359.15 2653.27 2782.77 2914.06
Total Expenditure 1999.06 1862.05 2235.65 2444.58 2505.14
Operating Profit 411.42 497.1 417.62 338.19 408.92
Other Income 9.05 22.77 23.72 18.57 28.86
Interest 19.34 18.69 17.2 21.65 21.02
Depreciation 109.42 110.02 113.54 125.1 147.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 291.71 391.16 310.6 210.01 269.27
Tax 65.46 99.6 77.92 55.54 68.8
Net Profit 226.25 291.56 232.68 154.47 200.47
Adjusted EPS (Rs.) 9.12 11.74 9.35 6.21 8.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 24.82 24.84 24.89 24.89 24.89
Total Reserves 1247.58 1547.57 1735.23 1830.16 1976.22
Borrowings 0 0 0 0 0
Other N/C liabilities 155.38 154.3 161.45 169.09 193.35
Current liabilities 413.3 449.09 461.02 470.65 519.45
Total Liabilities 1841.08 2175.8 2382.59 2494.79 2713.91
Assets
Net Block 981.01 938.06 987.26 1150.23 1371.1
Capital WIP 43.81 112.23 145.18 87.77 32.52
Intangible WIP 1.79 5.8 3.78 1.18 0.75
Investments 0.2 0.2 24.98 24.69 24.79
Loans & Advances 20.5 37.14 31.08 34.79 36.43
Other N/C Assets 2.57 2.48 3.41 2.5 1.93
Current Assets 791.2 1079.89 1186.9 1193.63 1246.39
Total Assets 1841.08 2175.8 2382.59 2494.79 2713.91
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 291.71 391.16 310.6 210.01 269.27
Adjustment 130.16 118.07 110.82 135.45 147.78
Changes in Assets & Liabilities -19.84 93.01 -281.52 110.1 -115.1
Tax Paid -83.13 -89.12 -83.91 -55.49 -66.83
Operating Cash Flow 318.9 513.12 55.99 400.07 235.12
Investing Cash Flow -115.67 -453.18 14.55 -258.45 -98.63
Financing Cash Flow -202.56 -56.15 -69.78 -138.45 -106.41
Net Cash Flow 0.67 3.79 0.76 3.17 30.08

Corporate Actions

Investors Details

PARTICULARS Mar 2024% Jun 2024% Sep 2024% Dec 2024% Mar 2025%
promoters 71.27 71.27 71.27 71.27 71.27
gaurav kumaar dua 3.75 3.75 3.75 3.75 3.75
lalita dua 3.83 3.83 3.83 3.83 3.83
mukand lal dua 20.39 20.39 20.39 20.39 20.51
mukand lal dua (huf) 0.19 - 0.19 0.19 0.19
nikhil dua 3.71 3.71 3.71 3.71 3.59
nitin dua 3.75 3.75 3.75 3.71 3.71
rahul dua 3.75 3.75 3.75 3.75 3.75
ramesh kumar dua 23.47 23.47 23.47 23.47 23.47
ramesh kumar dua (huf) - - 0.02 0.02 0.02
ritesh dua 3.75 3.75 3.75 3.71 3.71
sakshi dua 0.81 0.81 0.81 0.81 0.81
usha dua 3.84 3.84 3.84 3.92 3.92
mukand lal dua ... - 0.19 - - -
ramesh kumar dua (huf) - 0.02 - - -
ramesh kumar dua (huf) 0.02 - - - -
PARTICULARS Mar 2024% Jun 2024% Sep 2024% Dec 2024% Mar 2025%
investors 28.73 28.73 28.73 28.73 28.73
investor education and pr... 0.06 0.06 0.06 0.06 0.06
sbi large & midcap fund 8.05 8.29 8.86 9.46 9.46
vls finance ltd - - - - 3.03
vls securities limited 6.26 6.26 6.26 5.86 5.86
vls finance limited 3.60 3.60 3.35 3.03 -

Annual Reports

Title Link
Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

TYPE AGENCY Link
Credit ICRA
Credit CARE
Credit ICRA
Credit ICRA
TYPE AGENCY Link
Research IDBI Capital
Research IDBI Capital
Research IDBI Capital
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Research ICICI Securities Limited

Concalls & Presentations

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Concall Q4FY20
Concall Q4FY19
Concall Q2FY22
Concall Q2FY21
TYPE QUARTER Link
Presentation Q4FY24
Presentation Q4FY21
Presentation Q4FY20
Presentation Q3FY25
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Presentation Q3FY23
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Presentation Q2FY22
Presentation Q2FY21
Presentation Q1FY24

Company News

Relaxo Footwears Stock Price Analysis and Quick Research Report. Is Relaxo Footwears an attractive stock to invest in?

The footwear sector is a very significant segment of the leather industry in India; rather it is the engine of growth for the entire Indian leather industry. India is the second-largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs.

India produces 2065 million pairs of different categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs). India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand. 

Revenue in the Footwear market amounts to US$8,493m in 2020. The market is expected to grow annually by 12.6% (CAGR 2020-2023).

Let's talk about the key financial ratios and stock performance of Relaxo Footwears over the period of time. Relaxo Footwears stock price today is Rs 420.5.

  • Operating profit margin: -  Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Relaxo Footwears is 14.0326554703747 % which is weak  which allows the investors to look into the overall return on capital.

  • Debtor days: -  The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. Relaxo Footwears has a debtor day of 36.8064 which is significantly a good sign towards the cash conversion cycle.

  • Capital structure (or) Debt to Equity: -  The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. Relaxo Footwears has a D/E ratio of 0.0093 which is comfortably placed as compared to its peers.

  • Interest coverage ratio: -  It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. Relaxo Footwears has an ICR of 13.8102 which is unattractive to investors when compared with the company's growth.

  • Share Price: - The current share price of Relaxo Footwears is Rs 420.5. One can use valuation calculators of ticker to know if Relaxo Footwears share price is undervalued or overvalued.

Last Updated on:
Brief about Relaxo Footwears
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