Relaxo Footwears Ltd

Relaxo Footwears is a market leader in the Footwear Industry. The company has 'state of the art' manufacturing facilities at Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and Haridwar (Uttarakhand).

  • Market Cap: 18,754 Cr.
  • Current Price: 755.45
  • 52 weeks High / Low 830.15 / 388.53
  • Book Value: 51.26
  • Stock P/E: 82.89
  • Dividend Yield: 0.17 %
  • ROCE: 25.69 %
  • ROE: 18.73 %
  • Sales Growth (3Yrs): 11.18 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company is virtually debt free.
Cons:
Stock is trading at 14.74 times its book value
Promoter holding has decreased over last 3 years: -3.95%

Peer comparison Sector: Leather // Industry: Leather / Leather Products

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
483 460 457 550 562 543 551 636 648 622 600 541
412 398 385 453 479 470 479 540 542 517 498 444
Operating Profit 71 62 72 98 83 74 73 95 106 105 102 96
OPM % 15% 13% 16% 18% 15% 14% 13% 15% 16% 17% 17% 18%
Other Income 1 1 2 1 2 6 3 1 1 2 2 4
Interest 2 2 2 2 2 1 2 2 5 4 4 4
Depreciation 13 14 14 14 14 16 17 16 27 28 27 28
Profit before tax 56 48 58 82 69 63 57 79 76 74 72 69
Tax % 33% 33% 34% 35% 34% 37% 37% 31% 35% 5% 25% 25%
Net Profit 37 32 38 53 46 39 36 54 50 71 54 52
EPS in Rs 1.55 1.33 1.59 2.23 1.91 1.64 1.43 1.10 2.01 2.84 2.18 2.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
306 407 554 676 845 981 1,180 1,441 1,668 1,631 1,941 2,292 2,410
267 356 463 604 750 871 1,032 1,240 1,428 1,400 1,639 1,968 2,002
Operating Profit 39 51 91 72 95 110 148 201 240 231 302 324 409
OPM % 13% 13% 16% 11% 11% 11% 13% 14% 14% 14% 16% 14% 17%
Other Income 1 2 4 0 0 1 2 0 8 14 4 13 9
Interest 14 19 26 16 19 18 23 18 23 15 9 7 17
Depreciation 9 10 15 21 23 26 31 40 47 51 54 62 109
Profit before tax 17 24 54 36 53 68 96 143 178 178 244 268 292
Tax % 37% 41% 30% 25% 25% 34% 31% 28% 32% 33% 34% 35%
Net Profit 11 14 38 27 40 45 66 103 120 120 161 175 226
EPS in Rs 0.43 0.59 1.56 1.10 1.65 1.85 0.55 0.85 4.95 4.99 6.70 7.08 9.12
Dividend Payout % 9% 6% 5% 7% 5% 5% 5% 6% 6% 10% 11% 13%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.85%
5 Years:14.21%
3 Years:11.18%
TTM:5.17%
Compounded Profit Growth
10 Years:28.28%
5 Years:21.43%
3 Years:13.98%
TTM:28.96%
Stock Price CAGR
10 Years:47.74%
5 Years:28.64%
3 Years:45.04%
1 Year:78.14%
Return on Equity
10 Years:24.04%
5 Years:23.28%
3 Years:21.08%
Last Year:18.73%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 6 6 6 6 6 6 6 12 12 12 12 25
Reserves 55 68 104 129 166 208 271 362 468 594 749 1,093 1,248
Borrowings 71 108 147 182 175 225 198 239 236 178 153 112 167
42 54 88 122 127 147 182 234 281 286 335 387 402
Total Liabilities 174 237 345 439 475 587 657 841 997 1,070 1,250 1,605 1,841
90 140 222 268 271 327 366 472 531 541 525 848 983
CWIP 20 19 7 1 21 24 24 2 28 62 138 11 44
Investments 0 0 0 0 0 0 0 0 0 1 1 0 0
64 78 116 170 182 236 267 367 438 466 587 745 814
Total Assets 174 237 345 439 475 587 657 841 997 1,070 1,250 1,605 1,841

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
31 41 72 44 73 54 125 107 159 180 154 123
-27 -59 -85 -63 -47 -82 -70 -130 -130 -89 -108 -56
-3 17 11 20 -27 29 -51 21 -31 -89 -46 -68
Net Cash Flow 1 -1 -2 1 -1 1 4 -1 -2 1 -0 -1

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 26% 28% 36% 18% 22% 22% 26% 30% 30% 26% 30% 26%
Debtor Days 19 18 14 13 10 13 21 21 24 28 33 31
Inventory Turnover 5.54 5.69 5.42 4.09 3.75 3.26 3.41 2.70 2.65 2.52 2.92 3.00