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Relaxo Footwears

₹832.3 -6.4 | 0.8%

Market Cap ₹20718 Cr.

Stock P/E 128.5

P/B 11.6

Current Price ₹832.3

Book Value ₹ 72

Face Value 1

52W High ₹1301

Dividend Yield 0.3%

52W Low ₹ 748.5

Relaxo Footwears Research see more...

Overview Inc. Year: 1984Industry: Footwear

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 the usage of ethylene-vinyl acetate (EVA) era. Under Flite logo, it gives its merchandise in various classes, such as Flite EVA, together with FL-259 and FL-249, and Flite Junior, which include FI 1010 and FL 1009. Under Sparx emblem, it offers its merchandise in classes, which includes Shoe, such as SM-503 and SM-502, and Sandals, together with S S-905 and S S-904. It has production centers at Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and Haridwar (Uttarakhand).

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Relaxo Footwears Share Price

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Volume
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Quarterly Price

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Peer Comparison

Relaxo Footwears Quarterly Results

#(Fig in Cr.) Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022
Net Sales 364 576 672 748 497 714 744 667 670 681
Other Income 7 5 4 7 5 7 5 4 6 4
Total Income 370 581 676 755 502 722 749 671 675 685
Total Expenditure 307 449 523 585 431 598 622 581 610 609
Operating Profit 64 132 153 170 71 124 127 90 65 77
Interest 4 4 4 5 4 4 4 7 4 4
Depreciation 28 28 28 27 27 28 29 30 31 32
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 32 100 121 138 40 92 94 54 30 41
Provision for Tax 8 25 31 35 9 23 24 15 8 10
Profit After Tax 24 75 90 102 31 69 70 39 22 30
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 24 75 90 102 31 69 70 39 22 30
Adjusted Earnings Per Share 1 3 3.6 4.1 1.2 2.8 2.8 1.6 0.9 1.2

Relaxo Footwears Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 865 1010 1212 1481 1712 1631 1941 2292 2410 2359 2653 2762
Other Income 1 1 2 0 3 14 4 13 9 23 24 19
Total Income 866 1011 1215 1481 1715 1645 1946 2305 2420 2382 2677 2780
Total Expenditure 770 900 1065 1280 1472 1400 1639 1966 1999 1862 2236 2422
Operating Profit 95 111 149 201 243 245 307 339 420 520 441 359
Interest 19 18 23 18 23 15 9 9 19 19 17 19
Depreciation 23 25 31 40 47 51 54 62 109 110 114 122
Exceptional Income / Expenses -0 0 0 0 4 0 0 0 0 0 0 0
Profit Before Tax 54 68 96 143 178 178 244 268 292 391 311 219
Provision for Tax 14 23 30 40 57 58 83 93 65 100 78 57
Profit After Tax 40 45 66 103 120 120 161 175 226 292 233 161
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 40 45 66 103 120 120 161 175 226 292 233 161
Adjusted Earnings Per Share 1.7 1.9 2.7 4.3 5 5 6.7 7.1 9.1 11.7 9.3 6.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 5% 10% 12%
Operating Profit CAGR -15% 9% 12% 17%
PAT CAGR -20% 10% 14% 19%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -21% 18% 22% 40%
ROE Average 14% 18% 19% 23%
ROCE Average 20% 24% 26% 26%

Relaxo Footwears Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 172 214 277 368 480 606 761 1105 1272 1572 1760
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 93 150 114 145 113 71 39 0 0 0 0
Other Non-Current Liabilities 29 33 35 34 43 33 35 43 155 154 161
Total Current Liabilities 181 189 231 295 362 360 415 463 413 449 461
Total Liabilities 475 587 657 841 997 1070 1250 1611 1841 2176 2383
Fixed Assets 271 327 366 472 531 541 525 848 981 938 987
Other Non-Current Assets 34 39 37 14 48 83 163 36 69 158 208
Total Current Assets 169 221 254 355 419 447 562 727 791 1080 1187
Total Assets 475 587 657 841 997 1070 1250 1611 1841 2176 2383

Relaxo Footwears Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 2 1 2 6 4 2 4 3 2 3 6
Cash Flow from Operating Activities 73 54 125 107 159 180 154 123 319 513 56
Cash Flow from Investing Activities -47 -82 -70 -130 -130 -89 -108 -57 -116 -453 15
Cash Flow from Financing Activities -27 29 -51 21 -31 -89 -46 -68 -203 -56 -70
Net Cash Inflow / Outflow -1 1 4 -1 -2 1 -0 -2 1 4 1
Closing Cash & Cash Equivalent 1 2 6 4 2 4 3 2 3 6 7

Relaxo Footwears Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 1.66 1.87 2.73 4.29 5.01 4.99 6.69 7.07 9.12 11.74 9.35
CEPS(Rs) 2.63 2.93 4.03 5.96 6.98 7.14 8.95 9.59 13.52 16.17 13.91
DPS(Rs) 0.3 0 0.5 1 0.6 1 1.5 1.8 1.25 2.5 2.5
Book NAV/Share(Rs) 7.18 8.93 11.52 15.32 20 25.11 31.44 44.25 50.93 63.01 70.62
Core EBITDA Margin(%) 10.9 10.8 11.99 13.38 13.84 13.98 15.5 14.24 17.07 21.07 15.74
EBIT Margin(%) 8.34 8.4 9.64 10.74 11.57 11.69 12.94 12.08 12.9 17.37 12.35
Pre Tax Margin(%) 6.19 6.66 7.79 9.51 10.25 10.78 12.5 11.69 12.1 16.58 11.71
PAT Margin (%) 4.61 4.41 5.35 6.87 6.94 7.26 8.27 7.65 9.39 12.36 8.77
Cash Profit Margin (%) 7.28 6.92 7.9 9.53 9.66 10.38 11.05 10.38 13.93 17.02 13.05
ROA(%) 8.73 8.44 10.55 13.76 13.08 11.6 13.88 12.26 13.11 14.52 10.21
ROE(%) 25.99 23.16 26.74 31.98 28.37 22.15 23.69 18.93 19.16 20.61 14
ROCE(%) 21.74 21.69 25.84 29.78 30.29 25.72 29.68 25.99 24.8 28.62 19.56
Receivable days 9.74 10.58 15.51 18.29 20.09 25.62 27.78 31.53 29.88 27.35 29.73
Inventory Days 51.69 51.69 48.15 50.21 56.28 63.64 56.58 55.45 62.85 67.29 75.34
Payable days 37.86 38.67 39.13 49.54 63.85 62.37 62.13 59.01 62.44 73.96 66.68
PER(x) 9.14 15.71 26.94 37.62 36.32 49.75 48.65 54.77 65.51 74.47 113.95
Price/Book(x) 2.12 3.28 6.39 10.54 9.1 9.89 10.36 8.76 11.73 13.87 15.08
Dividend Yield(%) 0.49 0 0.17 0.15 0.16 0.2 0.23 0.23 0.21 0.29 0.23
EV/Net Sales(x) 0.62 0.92 1.62 2.78 2.69 3.77 4.11 4.24 6.16 9.2 10
EV/Core EBITDA(x) 5.65 8.35 13.13 20.45 18.91 25.12 26.05 28.64 35.29 41.75 60.09
Net Sales Growth(%) 25.02 16.79 20.05 22.15 15.6 -4.71 19 18.08 5.17 -2.13 12.47
EBIT Growth(%) 40.03 18.26 38.41 36.33 24.42 -3.7 30.64 9.81 12.31 31.76 -20.02
PAT Growth(%) 48.95 12.29 46.48 57 16.72 -0.27 34.28 8.92 28.96 28.87 -20.19
EPS Growth(%) 48.94 12.29 46.49 57 16.73 -0.36 34.06 5.67 28.86 28.76 -20.36
Debt/Equity(x) 1.02 1.05 0.72 0.65 0.49 0.3 0.2 0.1 0.02 0 0.01
Current Ratio(x) 0.94 1.17 1.1 1.21 1.16 1.24 1.35 1.57 1.91 2.4 2.57
Quick Ratio(x) 0.23 0.33 0.39 0.36 0.37 0.43 0.6 0.74 0.83 1.46 1.11
Interest Cover(x) 3.87 4.82 5.22 8.72 8.76 12.84 29.36 30.84 16.08 21.93 19.06
Total Debt/Mcap(x) 0.48 0.32 0.11 0.06 0.05 0.03 0.02 0.01 0 0 0

Relaxo Footwears Shareholding Pattern

# Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Promoter 70.98 70.92 70.92 70.92 70.92 70.78 70.78 70.78 70.78 71.02
FII 3.39 3.67 3.88 3.49 3.56 3.81 3.22 3.15 3.11 2.99
DII 6.96 7.05 7 7.34 7.17 7.08 6.94 7.06 7.44 7.64
Public 18.68 18.37 18.2 18.25 18.35 18.33 19.06 19 18.67 18.35
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

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