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 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
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 |
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| Active Distributors Units |
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| Number of EBOs Units |
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| Average Realization Per Pair INR |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Jun - Investor Call Transcript for the investor meet held on May 29, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Relaxo Footwears shared audio recording of its May 29, 2026 investor conference call after audited results.
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Announcement under Regulation 30 (LODR)-Dividend Updates
29 May - Board recommended final dividend of Rs. 3.50 per share for FY26; record date fixed as September 18, 2026.
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Corporate Action-Board approves Dividend
29 May - Board recommends Rs. 3.50 final dividend per share; record date September 18, 2026.
- Corporate Action-Board to consider Dividend 29 May
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Jun 2026Transcript PPT
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Jul 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT REC
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
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Nov 2021Transcript PPT
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May 2021Transcript PPT
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Nov 2020Transcript PPT
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Jun 2020TranscriptPPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptAI SummaryPPT
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Dec 2019TranscriptPPT
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Nov 2019Transcript PPT
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May 2019TranscriptPPT
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Mar 2019Transcript PPT
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Sep 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Jan 2017TranscriptAI SummaryPPT
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.