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Relaxo Footwears Overview

Relaxo Footwears Ltd is engaged in the production and trading of footwear and related merchandise. The major activity of the company is the manufacturing of footwear made normally of vulcanized or molded rubber and plastic. Its manufacturers include Hawaii, Flite, Sparx, Schoolmate, Elena, Casualz and Bahamas. Under Hawaii brand, it gives its products in diverse classes, inclusive of Hi-Fashion, which includes HF-34, HF-33 and HF-31, and Kids, inclusive of Hi Lite 03 (Kids) and HFK-04. It gives various Flite slippers which are manufactured by t...Read More

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Relaxo Footwears Key Financials

Market Cap ₹7688 Cr.

Stock P/E 45.1

P/B 3.6

Current Price ₹308.9

Book Value ₹ 85.8

Face Value 1

52W High ₹531.5

Dividend Yield 0.97%

52W Low ₹ 236.6

Relaxo Footwears Research See more...

Relaxo Footwears Share Price

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Volume
Price

Relaxo Footwears Quarterly Price

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Relaxo Footwears Peer Comparison

Relaxo Footwears Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 715 713 747 748 679 667 695 654 629 668
Other Income 11 6 5 5 7 7 8 11 12 11
Total Income 726 719 752 754 686 674 703 666 641 679
Total Expenditure 624 626 627 649 592 584 583 555 547 599
Operating Profit 102 93 125 104 94 90 120 111 93 80
Interest 5 5 5 5 5 5 5 5 5 5
Depreciation 37 38 38 39 40 40 39 40 39 39
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 60 51 82 60 50 45 75 66 49 36
Provision for Tax 16 12 21 16 13 12 19 17 13 9
Profit After Tax 44 39 61 44 37 33 56 49 36 27
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 44 39 61 44 37 33 56 49 36 27
Adjusted Earnings Per Share 1.8 1.5 2.5 1.8 1.5 1.3 2.3 2 1.5 1.1

Relaxo Footwears Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1481 1712 1631 1941 2292 2410 2359 2653 2783 2914 2790 2646
Other Income 0 3 14 4 13 9 23 24 19 29 27 42
Total Income 1481 1715 1645 1946 2305 2420 2382 2677 2801 2943 2817 2689
Total Expenditure 1280 1472 1400 1639 1966 1999 1862 2236 2445 2505 2405 2284
Operating Profit 201 243 245 307 339 420 520 441 357 438 412 404
Interest 18 23 15 9 9 19 19 17 22 21 24 20
Depreciation 40 47 51 54 62 109 110 114 125 147 158 157
Exceptional Income / Expenses 0 4 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 143 178 178 244 268 292 391 311 210 269 230 226
Provision for Tax 40 57 58 83 93 65 100 78 56 69 60 58
Profit After Tax 103 120 120 161 175 226 292 233 154 200 170 168
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 103 120 120 161 175 226 292 233 154 200 170 168
Adjusted Earnings Per Share 4.3 5 5 6.7 7.1 9.1 11.7 9.3 6.2 8.1 6.8 6.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 2% 3% 7%
Operating Profit CAGR -6% -2% -0% 7%
PAT CAGR -15% -10% -6% 5%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -24% -28% -19% 2%
ROE Average 8% 9% 12% 19%
ROCE Average 12% 13% 18% 23%

Relaxo Footwears Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 368 480 606 761 1105 1272 1572 1760 1855 2001 2098
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 145 113 71 39 0 0 0 0 0 0 0
Other Non-Current Liabilities 34 43 33 35 43 155 154 161 169 193 214
Total Current Liabilities 295 362 360 415 463 413 449 461 471 519 451
Total Liabilities 841 997 1070 1250 1611 1841 2176 2383 2495 2714 2762
Fixed Assets 472 531 541 525 848 981 938 987 1150 1371 1344
Other Non-Current Assets 14 48 83 163 36 69 158 208 151 96 184
Total Current Assets 355 419 447 562 727 791 1080 1187 1194 1246 1235
Total Assets 841 997 1070 1250 1611 1841 2176 2383 2495 2714 2762

Relaxo Footwears Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 4 2 4 3 2 3 6 7 10 40
Cash Flow from Operating Activities 107 159 180 154 123 319 513 56 400 235 406
Cash Flow from Investing Activities -130 -130 -89 -108 -57 -116 -453 15 -258 -99 -262
Cash Flow from Financing Activities 21 -31 -89 -46 -68 -203 -56 -70 -138 -106 -162
Net Cash Inflow / Outflow -1 -2 1 -0 -2 1 4 1 3 30 -18
Closing Cash & Cash Equivalent 4 2 4 3 2 3 6 7 10 40 22

Relaxo Footwears Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.29 5.01 4.99 6.69 7.07 9.12 11.74 9.35 6.21 8.05 6.84
CEPS(Rs) 5.96 6.98 7.14 8.95 9.59 13.52 16.17 13.91 11.23 13.98 13.21
DPS(Rs) 1 0.6 1 1.5 1.8 1.25 2.5 2.5 2.5 3 3
Book NAV/Share(Rs) 15.32 20 25.11 31.44 44.25 50.93 63.01 70.62 74.51 80.15 84.29
Core EBITDA Margin(%) 13.38 13.84 13.98 15.5 14.24 17.07 21.07 14.92 11.37 13.13 12.89
EBIT Margin(%) 10.74 11.57 11.69 12.94 12.08 12.9 17.37 11.71 7.79 9.32 8.49
Pre Tax Margin(%) 9.51 10.25 10.78 12.5 11.69 12.1 16.58 11.1 7.06 8.65 7.7
PAT Margin (%) 6.87 6.94 7.26 8.27 7.65 9.39 12.36 8.31 5.19 6.44 5.7
Cash Profit Margin (%) 9.53 9.66 10.38 11.05 10.38 13.93 17.02 12.37 9.4 11.17 11.01
ROA(%) 13.76 13.08 11.6 13.88 12.26 13.11 14.52 10.21 6.33 7.7 6.22
ROE(%) 31.98 28.37 22.15 23.69 18.93 19.16 20.61 14 8.55 10.42 8.32
ROCE(%) 29.78 30.29 25.72 29.68 25.99 24.8 28.62 19.56 12.75 14.98 12.31
Receivable days 18.29 20.09 25.62 27.78 31.53 29.88 27.35 28.18 31.98 36.81 40.93
Inventory Days 50.21 56.28 63.64 56.58 55.45 62.85 67.29 71.42 75.91 68.13 70.67
Payable days 49.54 63.85 62.37 62.13 59.01 62.44 73.96 66.68 64.91 75.94 71.73
PER(x) 37.62 36.32 49.75 48.65 54.77 65.51 74.47 113.95 136.78 101.31 59.45
Price/Book(x) 10.54 9.1 9.89 10.36 8.76 11.73 13.87 15.08 11.39 10.18 4.83
Dividend Yield(%) 0.15 0.16 0.2 0.23 0.23 0.21 0.29 0.23 0.29 0.37 0.74
EV/Net Sales(x) 2.78 2.69 3.77 4.11 4.24 6.16 9.2 10 7.57 6.94 3.62
EV/Core EBITDA(x) 20.45 18.91 25.12 26.05 28.64 35.29 41.75 60.09 59.02 46.21 24.48
Net Sales Growth(%) 22.15 15.6 -4.71 19 18.08 5.17 -2.13 12.47 4.88 4.72 -4.27
EBIT Growth(%) 36.33 24.42 -3.7 30.64 9.81 12.31 31.76 -20.02 -29.33 25.31 -12.69
PAT Growth(%) 57 16.72 -0.27 34.28 8.92 28.96 28.87 -20.19 -33.61 29.78 -15.03
EPS Growth(%) 57 16.73 -0.36 34.06 5.67 28.86 28.76 -20.36 -33.61 29.78 -15.03
Debt/Equity(x) 0.65 0.49 0.3 0.2 0.1 0.02 0 0.01 0 0.01 0
Current Ratio(x) 1.21 1.16 1.24 1.35 1.57 1.91 2.4 2.57 2.54 2.4 2.74
Quick Ratio(x) 0.36 0.37 0.43 0.6 0.74 0.83 1.46 1.11 1.34 1.25 1.5
Interest Cover(x) 8.72 8.76 12.84 29.36 30.84 16.08 21.93 19.06 10.7 13.81 10.74
Total Debt/Mcap(x) 0.06 0.05 0.03 0.02 0.01 0 0 0 0 0 0

Relaxo Footwears Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.27 71.27 71.27 71.27 71.27 71.27 71.27 71.27 71.27 71.27
FII 3.4 3.32 3.36 3.41 3.27 3.07 2.86 3.03 3.01 3.04
DII 8.86 9.33 9.55 9.99 10.54 10.55 9.95 9.88 9.87 9.74
Public 16.48 16.08 15.83 15.33 14.92 15.12 15.93 15.82 15.85 15.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Relaxo Footwears News

Relaxo Footwears Pros & Cons

Pros

  • Debtor days have improved from 75.94 to 71.73days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 3.6 times its book value.
  • The company has delivered a poor profit growth of -5% over past five years.
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