Relaxo Footwears Ltd
₹ 282
-1.19%
05 Oct
- close price
About
Incorporated in 1984, Relaxo Footwear Ltd. is the largest footwear manufacturer in India.[1]
Key Points
- Market Cap ₹ 7,009 Cr.
- Current Price ₹ 282
- High / Low ₹ 455 / 236
- Stock P/E 37.8
- Book Value ₹ 88.6
- Dividend Yield 1.24 %
- ROCE 11.2 %
- ROE 8.33 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 43.2%
Cons
- Stock is trading at 3.18 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,441 | 1,668 | 1,631 | 1,941 | 2,292 | 2,410 | 2,359 | 2,653 | 2,783 | 2,914 | 2,790 | 2,702 | 2,753 | |
| 1,240 | 1,427 | 1,400 | 1,639 | 1,964 | 1,998 | 1,861 | 2,235 | 2,442 | 2,505 | 2,405 | 2,326 | 2,370 | |
| Operating Profit | 201 | 241 | 231 | 302 | 328 | 413 | 498 | 418 | 341 | 409 | 385 | 377 | 383 |
| OPM % | 14% | 14% | 14% | 16% | 14% | 17% | 21% | 16% | 12% | 14% | 14% | 14% | 14% |
| 0 | 7 | 14 | 4 | 12 | 8 | 22 | 23 | 16 | 29 | 27 | 46 | 48 | |
| Interest | 18 | 23 | 15 | 9 | 9 | 19 | 19 | 17 | 22 | 21 | 24 | 24 | 22 |
| Depreciation | 40 | 47 | 51 | 54 | 62 | 109 | 110 | 114 | 125 | 147 | 158 | 157 | 158 |
| Profit before tax | 143 | 178 | 178 | 244 | 268 | 292 | 391 | 311 | 210 | 269 | 230 | 241 | 251 |
| 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 | 185 | |
| 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 | 7.45 |
| Dividend Payout % | 6% | 6% | 10% | 11% | 13% | 14% | 21% | 27% | 40% | 37% | 44% | 49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -9% |
| 3 Years: | 5% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -25% |
| 3 Years: | -32% |
| 1 Year: | -36% |
| 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 | 348 | |
| -130 | -130 | -89 | -108 | -56 | -116 | -453 | 15 | -258 | -99 | -262 | -206 | |
| 21 | -31 | -89 | -46 | -68 | -203 | -56 | -70 | -138 | -106 | -162 | -146 | |
| Net Cash Flow | -1 | -2 | 1 | -0 | -1 | 1 | 4 | 1 | 3 | 30 | -18 | -5 |
| Free Cash Flow | -23 | 25 | 90 | 46 | 32 | 203 | 391 | -82 | 216 | -11 | 291 | 213 |
| CFO/OP | 72% | 89% | 103% | 78% | 64% | 97% | 121% | 33% | 134% | 74% | 120% | 110% |
Ratios
| 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 | 63 |
| ROCE % | 30% | 30% | 26% | 30% | 26% | 24% | 26% | 18% | 12% | 14% | 11% | 11% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Pairs Sold Cr. pairs |
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| Average Realization per Pair ₹ |
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| Manufacturing Capacity Lakh pairs/day |
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| Number of Distributors count |
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| Number of Retailers/MBOs count |
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| General Trade Channel Revenue Share % |
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| Sparx Brand Revenue Share % |
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Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 -Updates On Acquisition
- Relaxo executed agreements with Clean Max SPV for renewable energy procurement at Haryana facilities.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Company Secretary and Compliance Officer Ankit Jain resigns, effective November 3, 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Ankit Jain resigned as Company Secretary and Compliance Officer, effective November 3, 2026.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026PPT
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Jun 2026Transcript PPT
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Jan 2026PPT
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Nov 2025Transcript PPT
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Jul 2025PPT
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May 2025Transcript PPT
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Jan 2025PPT
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Nov 2024Transcript PPT
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Jul 2024PPT
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May 2024Transcript PPT REC
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Jan 2024PPT
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Nov 2023Transcript
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Nov 2023Transcript PPT
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Jul 2023PPT
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May 2023Transcript PPT
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Feb 2023PPT
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Nov 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022PPT
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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 2020Transcript
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Jun 2020Transcript PPT
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Feb 2020PPT
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Dec 2019Transcript
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Nov 2019Transcript PPT
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May 2019Transcript
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Mar 2019Transcript PPT
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Sep 2018PPT
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May 2018PPT
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Feb 2018PPT
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Nov 2017PPT
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Aug 2017PPT
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May 2017PPT
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Feb 2017PPT
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Jan 2017PPT
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.