Relaxo Footwears Ltd Stock Analysis

BSE: 530517 | NSE: RELAXO | Footwear | Mid Cap

BSE Share Price 26-May-2023 18:01
872.85 -2.45 (-0.28%)

DeciZen - Make an Informed Decision on Relaxo Footwears

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Relaxo Footwears Price Chart

P/E Ratio ( SA) :
Market Cap :
21,728.6 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Relaxo Footwears Ltd a good quality company?

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

2. Is Relaxo Footwears Ltd undervalued or overvalued?

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

3. Is Relaxo Footwears Ltd a good buy now?

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

10 Year X-Ray of Relaxo Footwears:

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

Value Creation Index Colour Code Guide

ROCE % 14.4%17.7%21.5%20%17.2%19.4%16.7%18.7%20.9%14.1%-
Value Creation Index

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0101,2121,4811,7121,6311,9412,2922,4102,3592,6532,783
YoY Gr. Rt. %-20.1%22.2%15.6%-4.7%19%18.1%5.2%-2.1%12.5%-
YoY Gr. Rt. %-46.5%58.7%13%1.7%33.8%4.7%28.8%29.5%-21.7%-
BVPS (₹) 8.911.515.32025.131.444.350.96370.674.5
Adj Net Profit 44.465.2103117119159172221287225155
Cash Flow from Ops. 5412510715918015412331951356-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%10.2%5%12.5%
Adj EPS 19.3%12.9%9.3%-21.7%
BVPS 25.82316.912.1
Share Price 39% 20.6% 8.9% -9.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 2326.532.127.521.823.318.418.620.213.58.6
Op. Profit Mgn % 10.912.213.614.114.715.614.417.121.215.812.1
Net Profit Mgn % 4.45.476.
Debt to Equity
Working Cap Days 747476849998106118123125140
Cash Conv. Cycle 4445474955505461547285

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 8.60%

Sales growth has been subdued in last 3 years 5.00%

Net Profit has been subdued in last 3 years 9.32%

Sales growth is not so good in last 4 quarters at 7.27%

Latest Financials - Relaxo Footwears Ltd.

Standalone Consolidated
TTM EPS (₹) 6.2 -
TTM Sales (₹ Cr.) 2,783 -
BVPS (₹.) 74.5 -
Reserves (₹ Cr.) 1,830 -
P/BV 11.71 -
PE 140.67 -
From the Market
52 Week Low / High (₹) 748.50 / 1105.25
All Time Low / High (₹) 0.57 / 1447.00
Market Cap (₹ Cr.) 21,729
Equity (₹ Cr.) 24.9
Face Value (₹) 1
Industry PE 78

Management X-Ray of Relaxo Footwears :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Relaxo Footwears

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Relaxo Footwears Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Relaxo Footwears on 26-May-2023 18:01 is : 872.9.
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 26-May-2023 18:01 the market cap of Relaxo Footwears stood at ₹ 21,728.6.
The latest PE ratio of Relaxo Footwears as of 26-May-2023 18:01 is 140.7.
The latest PB ratio of Relaxo Footwears as of 26-May-2023 18:01 is 11.71
The 52-week high of Relaxo Footwears is ₹ 1,105.3 and the 52-week low is ₹ 748.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Relaxo Footwears is ₹ 2,783 ( Cr.) .

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.


  • Bahamas
  • Flite
  • Sparx
  • Schoolmate


  • 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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