Relaxo Footwears

Relaxo Footwears Ltd.

NSE: RELAXO BSE: 530517 SECTOR: Footwear  260k   3k   1k

907.70
-9.95 (-1.08%)
NSE: Today, 01:54 PM

Price Summary

Today's High

₹ 916.9

Today's Low

₹ 905.05

52 Week High

₹ 1107

52 Week Low

₹ 748

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
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

₹ 22596.16 Cr.

Enterprise Value

₹ 22603.66 Cr.

No. of Shares

24.89 Cr.

P/E

146.28

P/B

12.18

Face Value

₹ 1

Div. Yield

0.27 %

Book Value (TTM)

₹  74.52

CASH

₹ 12.5 Cr.

DEBT

₹ 20 Cr.

Promoter Holding

71.25 %

EPS (TTM)

₹  6.21

Sales Growth

12.47%

ROE

14 %

ROCE

19.56%

Profit Growth

-20.19 %

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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

Index Presence

The company is present in 22 Indices.

NCONSDUR

Nifty Consumer Durables
26288.85
  -180.100000000002 (-0.68041988820865%)

NMID150Q50

NIFTY Midcap150 Quality 50
16906.95
  -103.599999999999 (-0.609033805491288%)

NIFTY500

Nifty 500
15843.25
  -16.25 (-0.102462246602986%)

NIFTYMIDCAP150

Nifty Midcap 150
12724.75
  -18.6000000000004 (-0.145958480305419%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
11790.25
  1.75 (0.0148449760359659%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10565.05
  -15.1000000000004 (-0.142720093760484%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10466.25
  -2.25 (-0.0214930505803124%)

NIFTYMFG

Nifty Manufacturing
8846.8
  17.5 (0.198203708108236%)

NIFTYTOTALMCAP

Nifty Total Market index
8841.95
  -7.44999999999891 (-0.0841864985196561%)

SMLCAP

S&P Bse Small Cap
31122.24
  78.7100000000028 (0.253547196468973%)

MIDCAP

S&P Bse Mid Cap
27369.96
  -2.77000000000044 (-0.0101195605991866%)

BSE500

S&P Bse 500
25162.36
  -38.8400000000001 (-0.154119645096262%)

MID150

S&P Bse 150 MidCap
9579
  -12.5300000000007 (-0.130636092469094%)

BSE200

S&P Bse 200
7989.98
  -15.9500000000007 (-0.19922732274702%)

LMI250

S&P Bse 250 LargeMidCap
7554.8
  -14.5699999999997 (-0.192486296745964%)

MSL400

S&P Bse 400 MidSmallCap
7281.59
  1.07999999999993 (0.0148341256313023%)

ALLCAP

S&P Bse Allcap
7252.83
  -9.09000000000015 (-0.125173507832643%)

SMLSEL

S&P Bse SmallCap Select Index
5067.41
  -12.3400000000001 (-0.242925340814015%)

SPBSLVIP

S&P Bse Low Volatility
1289.41
  -5 (-0.386276373019367%)

CDGS

S&P Bse Consumer Discretionary
6251.59
  34.96 (0.562362566213537%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7523.99
  23.1499999999996 (0.308632099871486%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
7803.34
  30.9400000000005 (0.398075240594942%)

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 Year12.47%
3 Year5%
5 Year10.22%

Profit Growth

1 Year-20.19%
3 Year9.87%
5 Year14.17%

ROE%

1 Year14%
3 Year17.93%
5 Year19.28%

ROCE %

1 Year19.56%
3 Year24.32%
5 Year25.73%

Debt/Equity

0.0114

Price to Cash Flow

403.57

Interest Cover Ratio

19.0581395348837

CFO/PAT (5 Yr. Avg.)

1.07242870285189

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 71.25 0
Dec 2022 71.02 0
Sep 2022 70.78 0
Jun 2022 70.78 0
Mar 2022 70.78 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROCE of 24.3249621195182% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 19.0581395348837.
  • The company has an efficient Cash Conversion Cycle of 38.3965635590717 days.
  • Company has a healthy liquidity position with current ratio of 2.57463884430177.
  • The company has a good cash flow management; CFO/PAT stands at 1.07242870285189.
  • The company has a high promoter holding of 71.25%.

 Limitations

  • The company has shown a poor profit growth of 9.86941500822171% for the Past 3 years.
  • The company has shown a poor revenue growth of 4.99869264582229% for the Past 3 years.
  • The company is trading at a high PE of 146.28.
  • The company is trading at a high EV/EBITDA of 64.8639.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 698.19 667.15 669.65 681.03 764.94
Total Expenditure 587.06 581.03 610.22 608.78 646.96
Operating Profit 111.13 86.12 59.43 72.25 117.98
Other Income 5.91 4.17 5.66 4.42 4.32
Interest 3.9 6.87 4.12 4.12 4.13
Depreciation 28.7 29.84 30.53 31.97 32.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 84.44 53.58 30.44 40.58 85.41
Tax 21.51 14.91 8.04 10.48 22.11
Profit After Tax 62.93 38.67 22.4 30.1 63.3
Adjusted EPS (Rs) 2.53 1.55 0.9 1.21 2.54

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1941.05 2292.08 2410.48 2359.15 2653.27
Total Expenditure 1638.96 1965.69 1999.06 1862.05 2235.65
Operating Profit 302.09 326.39 411.42 497.1 417.62
Other Income 4.46 12.98 9.05 22.77 23.72
Interest 8.59 8.98 19.34 18.69 17.2
Depreciation 54.34 62.41 109.42 110.02 113.54
Exceptional Items 0 0 0 0 0
Profit Before Tax 243.62 267.98 291.71 391.16 310.6
Tax 82.55 92.54 65.46 99.6 77.92
Net Profit 161.07 175.44 226.25 291.56 232.68
Adjusted EPS (Rs.) 6.69 7.07 9.12 11.74 9.35

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 12.03 12.4 24.82 24.84 24.89
Total Reserves 749.18 1092.67 1247.58 1547.57 1735.23
Borrowings 39.26 0 0 0 0
Other N/C liabilities 34.5 43.45 155.38 154.3 161.45
Current liabilities 414.86 462.91 413.3 449.09 461.02
Total Liabilities 1249.83 1611.43 1841.08 2175.8 2382.59
Assets
Net Block 524.86 848.14 981.01 938.06 987.26
Capital WIP 136.44 10.17 43.81 112.23 145.18
Intangible WIP 1.14 1.23 1.79 5.8 3.78
Investments 0.2 0.2 0.2 0.2 24.98
Loans & Advances 22.97 23.86 20.5 37.14 31.08
Other N/C Assets 2.48 0.85 2.57 2.48 3.35
Current Assets 561.74 726.98 791.2 1079.89 1186.96
Total Assets 1249.83 1611.43 1841.08 2175.8 2382.59
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 243.62 267.98 291.71 391.16 310.6
Adjustment 63.92 73.6 130.16 118.07 110.86
Changes in Assets & Liabilities -73.21 -131.85 -19.84 93.01 -281.56
Tax Paid -80.08 -86.26 -83.13 -89.12 -83.91
Operating Cash Flow 154.25 123.47 318.9 513.12 55.99
Investing Cash Flow -108.37 -56.47 -115.67 -453.18 14.55
Financing Cash Flow -46.27 -68.24 -202.56 -56.15 -69.78
Net Cash Flow -0.39 -1.24 0.67 3.79 0.76

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 70.78 70.78 70.78 71.02 71.25
ramesh kumar dua 23.27 23.23 23.23 23.23 23.23
mukand lal dua 20.18 20.14 20.14 20.14 20.14
usha dua 3.81 3.80 3.80 3.84 3.84
lalita dua 3.84 3.83 3.83 3.83 3.83
gaurav dua 3.76 3.75 3.75 3.75 3.75
nikhil dua 3.76 3.75 3.75 3.71 3.71
nitin dua 3.76 3.75 3.75 3.75 3.75
rahul dua 3.76 3.75 3.75 3.75 3.75
ritesh dua 3.76 3.75 3.75 3.75 3.75
sakshi dua 0.81 0.81 0.81 0.81 0.81
mukand lal dua (hu... 0.19 0.19 0.19 0.19 0.19
ramesh kumar dua ... 0.02 0.02 0.02 0.02 0.02
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 29.22 29.22 29.22 28.98 28.75
vls securities lim... 6.28 6.26 6.26 6.26 -
sbi large & midcap... 4.85 4.78 - 5.72 5.72
sbi focused equity... - - 5.53 - -
vls finance ltd 3.74 3.79 3.79 3.80 -
sbi long term adva... - - - - -
sbi long term adva... - - - - -
qualified institut... - - - - -
alternative invest... - - - 0.52 -
iepf 0.09 0.09 0.08 0.08 -
investor education... - - - - 0.06

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 reports 22% fall in Q3 net profit31 Jan 2022, 10:34AM Relaxo Footwears informs about board meeting21 Jan 2022, 12:40PM Relaxo Footwears informs about investor presentation9 Nov 2021, 3:52PM Relaxo Footwears commissions additional capacity at unit in Bhiwadi Rajasthan 2 Nov 2021, 12:40PM Relaxo Footwears - Quaterly Results1 Nov 2021, 3:44PM Relaxo Footwears informs about details of loss of share certificate10 Aug 2021, 1:25PM Relaxo Footwears reports 28% rise in Q1 net profit2 Aug 2021, 5:00PM Relaxo Footwears informs about board meeting21 Jul 2021, 3:31PM Relaxo Footwears informs about newspaper advertisement20 Jul 2021, 11:39AM Relaxo Footwears informs about board meeting 21 May 2021, 1:05PM Relaxo Footwears informs about outcome of committee meeting21 May 2021, 1:04PM Relaxo Footwears reports 97% rise in Q4 net profit20 May 2021, 4:33PM Relaxo Footwears reports 66% rise in Q3 net profit1 Feb 2021, 9:44AM Relaxo Footwears planning to invest Rs 150 crore in FY2123 Nov 2020, 9:30AM Relaxo Footwears informs about newspaper advertisement17 Nov 2020, 3:11PM Relaxo Footwears informs about grant options under RFL Esop plan 2014 3 Aug 2020, 10:02AM

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 15.7398229354721 % which is strong  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 29.7314728617894 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 0.0114 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 19.0581395348837 which is unattractive to investors when compared with the company's growth.

Brief about Relaxo Footwears

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