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Relaxo Footwears Ltd (RELAXO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530517 NSE: RELAXO Footwear | Small Cap | Relaxo Footwears Share Price

₹336 -0.50 (-0.15%)

As on 05-Jun'26 11:01

Relaxo Footwears Ltd (RELAXO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530517 NSE: RELAXO Footwear | Small Cap | Relaxo Footwears Share Price

₹336 -0.50 (-0.15%)

As on 05-Jun'26 11:01

Key Metrics
Valuation Multiples
Market Cap
₹8,377 Cr.
Current Price
₹336
52-Week Low / High
₹237 / 531
TTM EPS
₹7.2
TTM Sales
₹2,702 Cr.
Book Value per Share
₹88.6
P/E Ratio
46.73
Lower than its 5-year historical median
Industry PE
50.9
Price to Book (P/B)
3.80
Lower than its 5-year historical median
Price to Sales (P/S)
3.10
Lower than its 5-year historical median
EV/EBITDA
19.88
Lower than its 5-year historical median
Dividend Yield
0.74%
Profitability Efficiency
Return on Equity (ROE)
8.32%
Outperforms industry median
Return on Capital Employed (ROCE)
12.31%
Outperforms industry median
Return on Assets (ROA)
6.22%
Operating Profit Margin
13.8%
Net Profit Margin
6.11%
Gross Profit Margin
13%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.87%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.03%
Asset Quality
Promoter Holding
71.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,181 Cr.
Equity
₹24.9 Cr.
Face Value
₹1
All Time Low / High
₹0.57 / 1447.00

Relaxo Footwears stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Relaxo Footwears Ltd a good quality company?
Relaxo Footwears Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Relaxo Footwears Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Relaxo Footwears Ltd vs industry peers?
Relaxo Footwears Ltd revenue CAGR is 2.96%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Relaxo Footwears Ltd?
Promoters hold 71.27% of the Relaxo Footwears Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Relaxo Footwears Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.1% based on the current price.

DeciZen - make an informed investing decision on Relaxo Footwears

Decision Maker
Standalone basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Relaxo Footwears Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 30.3%25.7%29.7%26%24.8%28.6%19.6%12.8%15%12.3%-
Value Creation
Index
1.20.91.20.90.81.50.7-0.10.3-0.1-

Growth Parameters

Sales 1,7121,6311,9412,2922,4102,3592,6532,7832,9142,7902,702
Sales YoY Gr.--4.7%19%18.1%5.2%-2.1%12.5%4.9%4.7%-4.3%-
Adj EPS 4.94.96.66.98.911.59.36.186.77.2
YoY Gr.-1.7%33.8%4.7%28.8%29.5%-19.8%-33.8%30.9%-16.1%-
BVPS (₹) 2025.131.444.350.96370.674.580.284.388.6
Adj Net
Profit
117119159172221287230152199167179
Cash Flow from Ops. 15918015412331951356400235406-
Debt/CF from Ops. 1.5110.90.100.400.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.6%3%1.7%-4.3%
Adj EPS 3.7%-5.5%-10.1%-16.1%
BVPS17.3%10.6%6.1%5.2%
Share Price 4.4% -20.8% -28.5% -23%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
27.521.823.318.418.620.213.88.410.38.28.3
Op. Profit
Mgn %
14.114.715.614.417.121.215.812.214.113.813.8
Net Profit
Mgn %
6.87.38.27.59.212.28.75.56.866.6
Debt to
Equity
0.50.30.20.10000000
Working Cap
Days
84999810611812311812212112778
Cash Conv.
Cycle
4955505461546672697843

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,7121,6311,9412,2922,4102,3592,6532,7832,9142,790
Operating Expenses + 1,4721,4001,6391,9661,9991,8622,2362,4452,5052,405
Manufacturing Costs294202231292338284366391453434
Material Costs6147268831,0721,0391,0031,2171,3341,2201,149
Employee Cost 161177214259294301335343389401
Other Costs 403296311342328273319376444421
Operating Profit 240231302326411497418338409385
Operating Profit Margin (%) 14.0%14.2%15.6%14.2%17.1%21.1%15.7%12.2%14.0%13.8%
Other Income + 31441392324192927
Exceptional Items 4000000000
Interest 231599191917222124
Depreciation 47515462109110114125147158
Profit Before Tax 178178244268292391311210269230
Tax 575883936510078566960
Profit After Tax 120120161175226292233154200170
PAT Margin (%) 7.0%7.4%8.3%7.7%9.4%12.4%8.8%5.6%6.9%6.1%
Adjusted EPS (₹)5.05.06.77.19.111.79.46.28.16.8
Dividend Payout Ratio (%)6%10%11.20%12.70%13.70%21.30%26.70%40.30%37.30%43.80%

Valuation of Relaxo Footwears - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4806037561,0971,2641,5651,7581,8551,9952,098
Share Capital 12121212252525252525
Reserves 4685917441,0851,2391,5401,7331,8301,9702,073
Debt +20313212587190200190
Long Term Debt11371390000000
Short Term Debt90618687190200190
Minority Interest0000000000
Trade Payables122126175172184223222253255197
Others Liabilities 192210193255374388383387446468
Total Liabilities 9971,0701,2501,6111,8412,1762,3832,4952,7142,762

Fixed Assets

Net Fixed Assets +5315415258489819389871,1501,3711,344
Gross Block7715926301,0151,2541,2951,4271,6922,0122,090
Accumulated Depreciation24151105167273357439542641746
CWIP 28621381146118149893354
Investments 11100338194225108343
Inventories286290314382448422673564599558
Trade Receivables109123173223172181251270358312
Cash Equivalents 24424813749842
Others Assets 414995144190170116122148110
Total Assets 9971,0701,2501,6111,8412,1762,3832,4952,7142,762

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 15918015412331951356400235406
PBT 178178244268292391311210269230
Adjustment 66676474130118111135148157
Changes in Working Capital -30-6-73-132-2093-282110-11576
Tax Paid -54-59-80-86-83-89-84-55-67-58
Cash Flow From Investing Activity + -130-89-108-57-116-45315-258-99-262
Capex -134-90-109-91-116-122-139-184-246-115
Net Investments 4-0-033-0-332153-78136-179
Others 011201141232
Cash Flow From Financing Activity + -31-89-46-68-203-56-70-138-106-162
Net Proceeds from Shares 12533514000
Net Proceeds from Borrowing -3-63-47-42-2400000
Interest Paid -22-20-15-8-17-17-15-19-19-21
Dividend Paid -6-7-12-18-530-62-62-62-75
Others -1-123-3-111-44-6-57-26-67
Net Cash Flow -21-0-2141330-18

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)28.3722.1523.6918.9319.1620.61148.5510.428.32
ROCE (%)30.2925.7229.6825.9924.828.6219.5612.7514.9812.31
Asset Turnover Ratio1.891.61.681.61.41.171.231.221.21.09
PAT to CFO Conversion(x)1.331.50.960.71.411.760.242.61.182.39
Working Capital Days
Receivable Days20.1025.6027.8031.5029.9027.4028.203236.8040.90
Inventory Days56.3063.6056.6055.5062.9067.3071.4075.9068.1070.70
Payable Days63.9062.4062.105962.407466.7064.9075.9071.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Relaxo Footwears Ltd FAQs

The current trading price of Relaxo Footwears on 05-Jun-2026 11:01 is ₹336.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Relaxo Footwears stood at ₹8,376.8 Cr

The latest P/E ratio of Relaxo Footwears as of 04-Jun-2026 is 46.73.

The latest P/B ratio of Relaxo Footwears as of 04-Jun-2026 is 3.80.

The 52-week high of Relaxo Footwears is ₹531.5 and the 52-week low is ₹236.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Relaxo Footwears is ₹2,702 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Relaxo Footwears Ltd is a good quality company.

The key valuation ratios of Relaxo Footwears Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Relaxo Footwears Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Relaxo Footwears Ltd

Relaxo Footwears (Relaxo) is one of the leading and most popular footwear companies in India. A household name, literally. With its headquarter in New Delhi and few manufacturing units, Relaxo produces losts pairs of footwear, every day. Relaxo footwear’s range boasts a fine combination of comfort, style, and quality workmanship. A wide collection of fashionable, colourful, comfortable and durable footwear for men, women and children. For a changing India. For a trendsetting India. Relaxo is geared to meet the quality and choice expectations of a young India with its sub-brands such as Sparx, Bahamas, Flite, Schoolmate and Relaxo Hawaii.

Business area of the company

The company is largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc. It has a portfolio of brands including major brands like Relaxo, Flite, Sparx and Bahamas. The company sells its products through retailers served through distributors, retail outlets, exports, e-commerce, modern trade etc. It has state of the art manufacturing facilities, Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and in Haridwar (Uttarakhand). The company’s business process is managed through SAP & SAP HANA.

Brands

  • Bahamas
  • Flite
  • Sparx
  • Schoolmate

Awards

  • CNBC TV18 (Making it big CNBC TV 18 HSBC 2016).
  • Dun & Bradsheet 2016 Top 500 Company in Net Profit.
  • Dun & Bradsheet 2016 Top 500 Company in Total Income.
  • ET500 Future Ready Company.
  • ICRA Safety Rating.
  • India's Largest Corporation 2016.
  • India's Most Valuable Company Business Today 2016 Market Capitalisataion.
  • India's Most Valuable Company Business Today 2016 Net Profit.
  • The Next 500 Fortune India.
  • Best Corporate Brands by The Economic Times.
  • India Most Valuable CEOs by Business World.
  • India Best Corporate Brands 2016 at The Economics Times Best Corporate Brands Summit.
  • First place at Council For Leather Exports for excellent export performance during 2014-15.
  • India Fastest Growing Companies by Business World.
  • MD Ramesh Kumar Dua has been ranked among Top 100 CEOs by Business Today.
  • The Brand Trust Report 2016 ranks sparx among India’s most trusted brand.
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