Relaxo Footwears Ltd

Relaxo Footwears Ltd

₹ 324 -2.09%
08 Jun 4:01 p.m.
About

Incorporated in 1984, Relaxo Footwear Ltd. is the largest footwear manufacturer in India.[1]

Key Points

Market Position[1]
Relaxo Footwears Limited is one of the largest footwear manufacturers in India, with over four decades of presence in the industry and ranking among the top 500 most valuable companies.
It is known for offering quality and affordable products across categories including slippers, sandals, and sports & casual footwear.

  • Market Cap 8,045 Cr.
  • Current Price 324
  • High / Low 531 / 236
  • Stock P/E 44.9
  • Book Value 88.6
  • Dividend Yield 0.93 %
  • ROCE 11.1 %
  • ROE 8.33 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 3.65 times its book value
  • The company has delivered a poor sales growth of 2.75% over past five years.
  • Company has a low return on equity of 8.97% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
765 739 715 713 747 748 679 667 695 654 629 668 751
647 631 624 626 627 649 592 584 583 555 547 599 627
Operating Profit 118 108 92 87 120 99 88 83 112 99 81 69 124
OPM % 15% 15% 13% 12% 16% 13% 13% 12% 16% 15% 13% 10% 17%
4 7 11 6 5 5 7 7 8 11 12 11 12
Interest 4 4 5 5 5 5 5 5 5 5 5 5 6
Depreciation 33 35 37 38 38 39 40 40 39 40 39 39 39
Profit before tax 85 76 60 51 82 60 50 45 75 66 49 36 91
Tax % 26% 26% 27% 24% 25% 26% 26% 26% 25% 26% 26% 26% 25%
63 56 44 39 61 44 37 33 56 49 36 27 68
EPS in Rs 2.54 2.26 1.78 1.55 2.47 1.78 1.48 1.33 2.26 1.96 1.45 1.07 2.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,441 1,668 1,631 1,941 2,292 2,410 2,359 2,653 2,783 2,914 2,790 2,702
1,240 1,427 1,400 1,639 1,964 1,998 1,861 2,235 2,442 2,505 2,405 2,328
Operating Profit 201 241 231 302 328 413 498 418 341 409 385 374
OPM % 14% 14% 14% 16% 14% 17% 21% 16% 12% 14% 14% 14%
0 7 14 4 12 8 22 23 16 29 27 46
Interest 18 23 15 9 9 19 19 17 22 21 24 22
Depreciation 40 47 51 54 62 109 110 114 125 147 158 157
Profit before tax 143 178 178 244 268 292 391 311 210 269 230 241
Tax % 28% 32% 33% 34% 35% 22% 25% 25% 26% 26% 26% 26%
103 120 120 161 175 226 292 233 154 200 170 179
EPS in Rs 4.29 5.01 4.99 6.69 7.07 9.11 11.74 9.35 6.21 8.05 6.84 7.20
Dividend Payout % 6% 6% 10% 11% 13% 14% 21% 27% 40% 37% 44% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: -1%
TTM: -3%
Compounded Profit Growth
10 Years: 4%
5 Years: -9%
3 Years: 5%
TTM: 5%
Stock Price CAGR
10 Years: 3%
5 Years: -22%
3 Years: -29%
1 Year: -29%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 9%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 6 12 12 12 12 25 25 25 25 25 25 25
Reserves 362 468 594 749 1,093 1,248 1,548 1,735 1,830 1,976 2,073 2,181
239 236 178 153 112 139 144 174 164 205 213 233
234 281 286 335 394 430 459 448 476 508 452 510
Total Liabilities 841 997 1,070 1,250 1,611 1,841 2,176 2,383 2,495 2,714 2,762 2,949
472 531 541 525 848 981 938 987 1,150 1,371 1,344 1,365
CWIP 2 28 62 138 11 46 118 149 89 33 54 97
Investments 0 0 1 1 0 0 338 194 225 108 343 436
367 438 466 587 752 814 782 1,052 1,030 1,202 1,021 1,051
Total Assets 841 997 1,070 1,250 1,611 1,841 2,176 2,383 2,495 2,714 2,762 2,949

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
107 159 180 154 123 319 513 56 400 235 406
-130 -130 -89 -108 -56 -116 -453 15 -258 -99 -262
21 -31 -89 -46 -68 -203 -56 -70 -138 -106 -162
Net Cash Flow -1 -2 1 -0 -1 1 4 1 3 30 -18
Free Cash Flow -23 25 90 46 32 203 391 -82 216 -11 291
CFO/OP 72% 89% 103% 78% 64% 97% 121% 33% 134% 74% 120%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 21 24 28 33 35 26 28 34 35 45 41 40
Inventory Days 163 147 146 130 130 157 154 202 154 179 177 184
Days Payable 61 63 63 72 58 65 81 67 69 76 63 87
Cash Conversion Cycle 123 108 110 90 107 119 101 170 121 148 155 138
Working Capital Days 14 12 19 27 42 57 44 75 59 68 62 89
ROCE % 30% 30% 26% 30% 26% 24% 26% 18% 12% 14% 11% 11%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Manufacturing Capacity
Lakh Pairs Per Day

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Number of Pairs Sold
Crore Pairs
Active Distributors
Units
Number of EBOs
Units
Average Realization Per Pair
INR

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27% 71.27%
2.87% 3.24% 3.39% 3.32% 3.36% 3.41% 3.27% 3.07% 2.85% 3.04% 3.01% 3.04%
8.34% 8.53% 8.86% 9.33% 9.54% 9.98% 10.54% 10.55% 9.95% 9.88% 9.87% 9.74%
17.51% 16.96% 16.47% 16.07% 15.82% 15.34% 14.92% 15.13% 15.93% 15.82% 15.85% 15.95%
No. of Shareholders 3,43,2953,16,1352,91,4012,69,3882,52,9812,39,2452,37,1952,36,6772,39,5602,39,2702,32,8722,25,931

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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