Relaxo Footwears
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Relaxo Footwears share price

Relaxo Footwears Ltd.

NSE: RELAXO BSE: 530517 SECTOR: Footwear  355k   3k   1k

819.90
0 0
BSE: 19 Apr 04:01 PM

Price Summary

Today's High

₹ 819.9

Today's Low

₹ 809.9

52 Week High

₹ 974

52 Week Low

₹ 762.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 20410.47 Cr.

Enterprise Value

₹ 20336.46 Cr.

No. of Shares

24.89 Cr.

P/E

100.85

P/B

10.54

Face Value

₹ 1

Div. Yield

0.3 %

Book Value (TTM)

₹  77.78

CASH

₹ 74.01 Cr.

DEBT

₹ 0 Cr.

Promoter Holding

71.27 %

EPS (TTM)

₹  8.13

Sales Growth

4.88%

ROE

8.55 %

ROCE

12.75%

Profit Growth

-33.61 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Relaxo Footwears Ltd.

Bahamas flite sparx schoolmate

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year4.88%
3 Year4.9%
5 Year7.47%

Profit Growth

1 Year-33.61%
3 Year-11.95%
5 Year-0.83%

ROE%

1 Year8.55%
3 Year14.39%
5 Year16.25%

ROCE %

1 Year12.75%
3 Year20.31%
5 Year22.34%

Debt/Equity

0

Price to Cash Flow

51.02

Interest Cover Ratio

10.7002309468822

CFO/PAT (5 Yr. Avg.)

1.30650684931507

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 71.27 0
Dec 2023 71.27 0
Sep 2023 71.27 0
Jun 2023 71.27 0
Mar 2023 71.25 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 20 Cr.
  • Company has been maintaining healthy ROCE of 20.3073247087854% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 10.7002309468822.
  • The company has an efficient Cash Conversion Cycle of 42.9773847538055 days.
  • Company has a healthy liquidity position with current ratio of 2.53613088282163.
  • The company has a good cash flow management; CFO/PAT stands at 1.30650684931507.
  • The company has a high promoter holding of 71.27%.

 Limitations

  • The company has shown a poor profit growth of -11.9454396760308% for the Past 3 years.
  • The company has shown a poor revenue growth of 4.90375941248513% for the Past 3 years.
  • The company is trading at a high PE of 100.85.
  • The company is trading at a high EV/EBITDA of 46.9976.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 681.03 764.94 738.82 715.32 712.71
Total Expenditure 608.78 646.96 631.27 623.8 625.54
Operating Profit 72.25 117.98 107.55 91.52 87.17
Other Income 4.42 4.32 7.27 10.54 5.99
Interest 4.12 4.13 4.46 4.74 4.83
Depreciation 31.97 32.76 34.59 36.94 37.5
Exceptional Items 0 0 0 0 0
Profit Before Tax 40.58 85.41 75.77 60.38 50.83
Tax 10.48 22.11 19.45 16.19 12.26
Profit After Tax 30.1 63.3 56.32 44.19 38.57
Adjusted EPS (Rs) 1.21 2.54 2.26 1.78 1.55

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 2292.08 2410.48 2359.15 2653.27 2782.77
Total Expenditure 1965.69 1999.06 1862.05 2235.65 2444.58
Operating Profit 326.39 411.42 497.1 417.62 338.19
Other Income 12.98 9.05 22.77 23.72 18.57
Interest 8.98 19.34 18.69 17.2 21.65
Depreciation 62.41 109.42 110.02 113.54 125.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 267.98 291.71 391.16 310.6 210.01
Tax 92.54 65.46 99.6 77.92 55.54
Net Profit 175.44 226.25 291.56 232.68 154.47
Adjusted EPS (Rs.) 7.07 9.12 11.74 9.35 6.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 12.4 24.82 24.84 24.89 24.89
Total Reserves 1092.67 1247.58 1547.57 1735.23 1830.16
Borrowings 0 0 0 0 0
Other N/C liabilities 43.45 155.38 154.3 161.45 169.09
Current liabilities 462.91 413.3 449.09 461.02 470.65
Total Liabilities 1611.43 1841.08 2175.8 2382.59 2494.79
Assets
Net Block 848.14 981.01 938.06 987.26 1150.23
Capital WIP 10.17 43.81 112.23 145.18 87.77
Intangible WIP 1.23 1.79 5.8 3.78 1.18
Investments 0.2 0.2 0.2 24.98 24.69
Loans & Advances 23.86 20.5 37.14 31.08 34.79
Other N/C Assets 0.85 2.57 2.48 3.41 2.5
Current Assets 726.98 791.2 1079.89 1186.9 1193.63
Total Assets 1611.43 1841.08 2175.8 2382.59 2494.79
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 267.98 291.71 391.16 310.6 210.01
Adjustment 73.6 130.16 118.07 110.82 135.45
Changes in Assets & Liabilities -131.85 -19.84 93.01 -281.52 110.1
Tax Paid -86.26 -83.13 -89.12 -83.91 -55.49
Operating Cash Flow 123.47 318.9 513.12 55.99 400.07
Investing Cash Flow -56.47 -115.67 -453.18 14.55 -258.45
Financing Cash Flow -68.24 -202.56 -56.15 -69.78 -138.45
Net Cash Flow -1.24 0.67 3.79 0.76 3.17

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 71.25 71.27 71.27 71.27 71.27
gaurav kumaar dua - - - 3.75 3.75
lalita dua 3.83 3.83 3.83 3.83 3.83
mukand lal dua 20.38 20.39 20.39 20.39 20.39
mukand lal dua (huf) 0.19 0.19 0.19 0.19 0.19
nikhil dua 3.71 3.71 3.71 3.71 3.71
nitin dua 3.75 3.75 3.75 3.75 3.75
rahul dua 3.75 3.75 3.75 3.75 3.75
ramesh kumar dua 23.46 23.47 23.47 23.47 23.47
ramesh kumar dua (huf) - - - 0.02 0.02
ritesh dua 3.75 3.75 3.75 3.75 3.75
sakshi dua 0.81 0.81 0.81 0.81 0.81
usha dua 3.84 3.84 3.84 3.84 3.84
gaurav dua 3.75 3.75 3.75 - -
ramesh kumar dua (huf) 0.02 0.02 0.02 - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 28.75 28.73 28.73 28.73 28.73
investor education and pr... 0.06 - 0.06 0.06 0.06
sbi large & midcap fund 6.71 - 7.21 7.54 8.05
vls finance limited - - - - 3.60
vls securities limited 6.26 6.26 6.26 6.26 6.26
vls finance ltd 3.84 3.60 3.60 3.57 -
investor education and pr... - 0.06 - - -
sbi long term advantage f... - 7.04 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Relaxo Footwears - Quaterly Results31 Jan 2024, 4:27PM Relaxo Footwears - Quaterly Results31 Jan 2024, 4:27PM Relaxo Footwears - Quaterly Results31 Jan 2024, 4:27PM Relaxo Footwears informs about board meeting 19 Jan 2024, 12:29PM Relaxo Footwears informs about purchase of land parcel11 Dec 2023, 5:25PM Relaxo Footwears acquires land parcel in Rajasthan11 Dec 2023, 4:13PM Relaxo Footwears - Quaterly Results1 Nov 2023, 2:56PM Relaxo Footwears - Quaterly Results1 Nov 2023, 2:56PM Relaxo Footwears - Quaterly Results1 Nov 2023, 2:56PM Relaxo Footwears informs about board meeting26 Sep 2023, 1:44PM Relaxo Footwears informs about investor presentation25 Jul 2023, 12:51PM Relaxo Footwears informs about newspaper advertisement25 Jul 2023, 12:20PM Relaxo Footwears informs about board meeting24 Jul 2023, 4:55PM Relaxo Footwears - Quaterly Results24 Jul 2023, 3:13PM Relaxo Footwears - Quaterly Results24 Jul 2023, 3:13PM Relaxo Footwears - Quaterly Results24 Jul 2023, 3:13PM Relaxo Footwears submits board meeting intimation 13 Jul 2023, 4:25PM Relaxo Footwears informs about transcript of investors call16 May 2023, 12:05PM Relaxo Footwears informs about newspaper publication11 May 2023, 1:10PM Relaxo Footwears - Quaterly Results10 May 2023, 3:13PM Relaxo Footwears - Quaterly Results10 May 2023, 3:13PM Relaxo Footwears - Quaterly Results10 May 2023, 3:13PM Relaxo Footwears informs about issuance of duplicate share certificates12 Apr 2023, 5:09PM Relaxo Footwears informs about certificate5 Apr 2023, 4:52PM Relaxo Footwears informs about loss of share certificate27 Feb 2023, 2:57PM Relaxo Footwears - Quaterly Results4 Feb 2023, 4:47PM Relaxo Footwears - Quaterly Results4 Feb 2023, 4:47PM Relaxo Footwears - Quaterly Results4 Feb 2023, 4:47PM Relaxo Footwears informs about board meeting23 Jan 2023, 4:54PM Relaxo Footwears informs about issuance of duplicate share certificates18 Jan 2023, 3:08PM Relaxo Footwears informs about extension of closure period of trading window18 Jan 2023, 3:06PM Relaxo Footwears informs about credit rating29 Nov 2022, 5:10PM Relaxo Footwears informs about transcript of conference call9 Nov 2022, 3:53PM Relaxo Footwears informs about press release3 Nov 2022, 4:14PM Relaxo Footwears - Quaterly Results2 Nov 2022, 3:59PM Relaxo Footwears - Quaterly Results2 Nov 2022, 3:59PM Relaxo Footwears - Quaterly Results2 Nov 2022, 3:59PM Relaxo Footwears inform about voting results and scrutinizer's report26 Aug 2022, 4:08PM Relaxo Footwears gets nod for addition of capacity at Bhiwadi unit28 Jul 2022, 2:23PM Relaxo Footwears reports 25% rise in Q1 net profit26 Jul 2022, 4:45PM Relaxo Footwears - Quaterly Results26 Jul 2022, 3:36PM Relaxo Footwears - Quaterly Results26 Jul 2022, 3:36PM Relaxo Footwears - Quaterly Results26 Jul 2022, 3:36PM Relaxo Footwears informs about credit rating 5 Jul 2022, 12:31PM Relaxo Footwears informs about investor presentation13 May 2022, 2:07PM Relaxo Footwears informs about allotment of ESOP 12 May 2022, 3:53PM Relaxo Footwears - Quaterly Results11 May 2022, 3:58PM Relaxo Footwears - Quaterly Results11 May 2022, 3:58PM Relaxo Footwears - Quaterly Results11 May 2022, 3:58PM Relaxo Footwears informs about certificate8 Apr 2022, 4:43PM

Relaxo Footwears Stock Price Analysis and Quick Research Report. Is Relaxo Footwears an attractive stock to invest in?

The footwear sector is a very significant segment of the leather industry in India; rather it is the engine of growth for the entire Indian leather industry. India is the second-largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs.

India produces 2065 million pairs of different categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs). India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand. 

Revenue in the Footwear market amounts to US$8,493m in 2020. The market is expected to grow annually by 12.6% (CAGR 2020-2023).

Let's talk about the key financial ratios and stock performance of Relaxo Footwears over the period of time.

  • Operating profit margin: -  Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Relaxo Footwears is 12.1529986308606 % which is weak  which allows the investors to look into the overall return on capital.

  • Debtor days: -  The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. Relaxo Footwears has a debtor day of 31.9797659678206 which is significantly a good sign towards the cash conversion cycle.

  • Capital structure (or) Debt to Equity: -  The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. Relaxo Footwears has a D/E ratio of 0 which is comfortably placed as compared to its peers.

  • Interest coverage ratio: -  It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. Relaxo Footwears has an ICR of 10.7002309468822 which is unattractive to investors when compared with the company's growth.

  • Share Price: - The current share price of Relaxo Footwears is Rs 814.15. One can use valuation calculators of ticker to know if Relaxo Footwears share price is undervalued or overvalued.

Last Updated on:
Brief about Relaxo Footwears

Relaxo Footwears Ltd. Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

 

Relaxo Footwears Ltd. is a leading Indian footwear company that specializes in manufacturing and selling a range of footwear products for men, women, and children. The company has a strong brand presence in the Indian market and is a popular choice among long-term investors.  We will provide an in-depth analysis of the company's stock and its various aspects.

Relaxo Footwears Ltd. Share Price

Relaxo Footwears Ltd.'s share price is one of the most important factors that investors consider while making investment decisions. The company's share price has been on an upward trend since its listing on the stock exchanges. The company's share price is influenced by various factors such as market trends, industry performance, and company-specific factors. Long-term investors should focus on the company's fundamentals rather than short-term price fluctuations.

Relaxo Footwears Ltd. Balance Sheet

A company's balance sheet is a snapshot of its financial position at a given point in time. Relaxo Footwears Ltd.'s balance sheet is strong and reflects the company's financial stability. The company has a healthy cash position and low debt levels. Investors can use Ticker pre-built screening tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to calculate the fair value of the company's stock based on its balance sheet.

Relaxo Footwears Ltd. Annual Report

Relaxo Footwears Ltd.'s annual report provides a comprehensive overview of the company's performance over the past year. The annual report includes information on the company's financial performance, operational performance, and future plans. The company's annual report is available as a downloadable document on Ticker.

Relaxo Footwears Ltd. Dividend

Relaxo Footwears Ltd. has a consistent track record of paying dividends to its shareholders. The company's dividend payout ratio is healthy and reflects its commitment to rewarding shareholders. Long-term investors should consider the company's dividend history while making investment decisions.

Relaxo Footwears Ltd. Quarterly Results

Relaxo Footwears Ltd.'s quarterly results provide investors with an insight into the company's performance over a three-month period. The company's quarterly results are available as downloadable documents on Ticker. Investors can use our pre-built screening tools to analyze the company's quarterly results and calculate its fair value.

Relaxo Footwears Ltd. Stock Price

Relaxo Footwears Ltd.'s stock price is influenced by various factors such as market trends, industry performance, and company-specific factors. Long-term investors should focus on the company's fundamentals rather than short-term price fluctuations. Investors can use our pre-built screening tools to analyze the company's stock price and calculate its fair value.

Relaxo Footwears Ltd. Price Chart

Relaxo Footwears Ltd.'s price chart provides investors with a visual representation of the company's stock price over a period of time. The price chart can help investors identify trends and patterns in the company's stock price. Investors can use Ticker pre-built screening tools to analyze the company's price chart and calculate its fair value.

Relaxo Footwears Ltd. News

Relaxo Footwears Ltd.'s news section provides investors with the latest updates on the company's performance, operations, and future plans. Investors can use the news section to stay up-to-date with the company's developments and make informed investment decisions.

Relaxo Footwears Ltd. Concall Transcripts

Relaxo Footwears Ltd.'s concall transcripts provide investors with a detailed insight into the company's performance, operations, and future plans. The concall transcripts are available as downloadable documents on Ticker. Investors can use the concall transcripts to analyze the company's performance and calculate its fair value.

Relaxo Footwears Ltd. Investor Presentations

Relaxo Footwears Ltd.'s investor presentations provide investors with a comprehensive overview of the company's performance, operations, and future plans. The investor presentations are available as downloadable documents on Ticker. Investors can use the investor presentations to analyze the company's performance and calculate its fair value.

Relaxo Footwears Ltd. Promoters

Relaxo Footwears Ltd.'s promoters are experienced professionals who have a deep understanding of the footwear industry. The promoters are committed to the company's growth and have a long-term vision for the company. Investors should consider the promoters' track record while making investment decisions.

Relaxo Footwears Ltd. Shareholders

Relaxo Footwears Ltd.'s shareholders include both institutional and retail investors. The company has a diverse shareholder base, which reflects its popularity among investors. Long-term investors should consider the company's shareholder base while making investment decisions.

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