Relaxo Footwears

₹832.3 -6.4 | 0.8%

WEBSITE BSE:530517 NSE : RELAXO FOOT. 23 Mar, 16:01

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

Edit Ratio

Relaxo Footwears Research see more...

RELAXO FOOTWEARS LIMITED

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).

Quarterly Price

Quarterly Monthly

Show Value Show %

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

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	17.62	17.62	17.62	17.62	17.62	17.62	17.62	17.62	17.62	17.68
FII	0.84	0.91	0.96	0.87	0.88	0.95	0.8	0.78	0.77	0.74
DII	1.73	1.75	1.74	1.82	1.78	1.76	1.73	1.76	1.85	1.9
Public	4.64	4.56	4.52	4.53	4.56	4.56	4.74	4.73	4.65	4.57
Others	0	0	0	0	0	0	0	0	0	0
Total	24.82	24.84	24.84	24.84	24.84	24.89	24.89	24.89	24.89	24.89