Relaxo Footwears Ltd
₹ 395
2.03%
10 Jul
- close price
About
Incorporated in 1984, Relaxo Footwear Ltd. is the largest footwear manufacturer in India.[1]
Key Points
- Market Cap ₹ 9,826 Cr.
- Current Price ₹ 395
- High / Low ₹ 531 / 236
- Stock P/E 54.8
- Book Value ₹ 88.6
- Dividend Yield 0.76 %
- ROCE 11.1 %
- ROE 8.33 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 43.2%
Cons
- Stock is trading at 4.45 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% | 49% |
| 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: | 5% |
| 5 Years: | -19% |
| 3 Years: | -24% |
| 1 Year: | -21% |
| 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 | -207 | |
| 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% | 111% |
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 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
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2d
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Closure of Trading Window
29 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
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Newspaper Advertisement Regarding Loss Of Share Certificates
24 Jun - Newspaper advertisement issued for loss of Relaxo Footwears share certificates on June 24, 2026.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
16 Jun - Relaxo to invest up to ₹2.5 crore in Clean Max MUOI for captive solar power projects.
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Report On Lodgment/Re-Lodgment Of Transfer Requests And Dematerialization Of Physical Shares
11 Jun - Relaxo reports nil transfer and dematerialisation requests under SEBI special window for April-May 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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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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Jul 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptPPT
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Nov 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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Dec 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.