Relaxo Footwears Ltd
RELAXORelaxo Footwears Ltd
RELAXO
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 107.85 | 10.16 | 0.37% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 43.21 | 7.28 | 0.46% |
Forecast & Ratings
Detailed Forecast from 13 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Relaxo Footwears Limited is engaged in the manufacturing and trading of footwear and related products.
Peers
Compare with peersMetro Brands Ltd
Bata India Ltd
Liberty Shoes Ltd
Sreeleathers Ltd
Khadim India Ltd
Get more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,719.53 | 1,644.76 | 1,945.51 | 2,305.06 | 2,419.53 | 2,381.92 | 2,676.99 | 2,801.34 | 2,942.92 | 2,950.45 | ||||||||||
Raw Materials | 741.75 | 720.67 | 896.63 | 1,130.13 | 1,092.86 | 959.13 | 1,389.01 | 1,256.65 | 1,241.84 | 2,525.49 | ||||||||||
| Power & Fuel Cost | 50.50 | 47.63 | 54.00 | 70.88 | 76.47 | 73.47 | 87.07 | 91.61 | 107.65 | |||||||||||
| Employee Cost | 160.84 | 177.04 | 214.08 | 258.66 | 293.99 | 301.39 | 334.69 | 343.25 | 389.10 | |||||||||||
| Selling & Administrative Expenses | 368.78 | 257.42 | 277.29 | 296.98 | 277.93 | 224.79 | 266.08 | 310.38 | 368.46 | |||||||||||
| Operating & Other expenses | 150.06 | 197.48 | 196.96 | 209.04 | 257.81 | 303.27 | 158.80 | 442.69 | 398.09 | |||||||||||
EBITDA | 247.60 | 244.52 | 306.55 | 339.37 | 420.47 | 519.87 | 441.34 | 356.76 | 437.78 | 424.96 | ||||||||||
| Depreciation/Amortization | 47.12 | 51.46 | 54.34 | 62.41 | 109.42 | 110.02 | 113.54 | 125.10 | 147.49 | 152.01 | ||||||||||
| PBIT | 200.48 | 193.06 | 252.21 | 276.96 | 311.05 | 409.85 | 327.80 | 231.66 | 290.29 | 272.95 | ||||||||||
| Interest & Other Items | 22.89 | 15.03 | 8.59 | 8.98 | 19.34 | 18.69 | 17.20 | 21.65 | 21.02 | 19.12 | ||||||||||
| PBT | 177.59 | 178.03 | 243.62 | 267.98 | 291.71 | 391.16 | 310.60 | 210.01 | 269.27 | 253.83 | ||||||||||
| Taxes & Other Items | 57.31 | 58.08 | 82.55 | 92.54 | 65.46 | 99.60 | 77.92 | 55.54 | 68.80 | 65.31 | ||||||||||
| Net Income | 120.28 | 119.95 | 161.07 | 175.44 | 226.25 | 291.56 | 232.68 | 154.47 | 200.47 | 188.52 | ||||||||||
| EPS | 5.01 | 4.99 | 6.70 | 7.18 | 9.12 | 11.74 | 9.36 | 6.21 | 8.05 | 7.57 | ||||||||||
| DPS | 0.30 | 0.50 | 0.75 | 0.90 | 1.25 | 2.50 | 2.50 | 2.50 | 3.00 | 2.50 | ||||||||||
| Payout ratio | 0.06 | 0.10 | 0.11 | 0.13 | 0.14 | 0.21 | 0.27 | 0.40 | 0.37 | 0.33 |
Company Updates
Peers & Comparison
Consumer DiscretionaryFootwear
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Relaxo Footwears Ltd | 101.42 | 10.16 | 0.37% |
| Metro Brands Ltd | 81.22 | 17.70 | 0.41% |
| Bata India Ltd | 70.11 | 12.05 | 0.84% |
| Liberty Shoes Ltd | 76.03 | 4.28 | — |
Price Comparison
Compare RELAXO with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Relaxo Footwears Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Focused Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.8661% | Percentage of the fund’s portfolio invested in the stock 2.21% | Change in the portfolio weight of the stock over the last 3 months 0.18% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/31 (-2) |
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9931% | Percentage of the fund’s portfolio invested in the stock 0.28% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 27/90 (+5) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9621% | Percentage of the fund’s portfolio invested in the stock 0.93% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 64/81 (-5) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
RELAXO has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.37%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.67 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 22, 2024
Dividend/Share
₹3.00
Ex DateEx Date
Aug 22, 2024
Cash Dividend
Ex DateEx DateAug 17, 2023
Dividend/Share
₹2.50
Ex DateEx Date
Aug 17, 2023
Cash Dividend
Ex DateEx DateAug 17, 2022
Dividend/Share
₹2.50
Ex DateEx Date
Aug 17, 2022
Cash Dividend
Ex DateEx DateAug 17, 2021
Dividend/Share
₹2.50
Ex DateEx Date
Aug 17, 2021
Cash Dividend
Ex DateEx DateMar 11, 2020
Dividend/Share
₹1.25
Ex DateEx Date
Mar 11, 2020
Relaxo Footwears announced that the 40th Annual General Meeting (AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live
Add Relaxo Footwears, target price Rs 950: Centrum Broking
Relaxo Footwears Q1 Results Review - Volume Performance Remain Impacted: Dolat Capital
Relaxo Footwears declines after weak Q1 performance
Revenue from operations rose by 1% year-over-year (YoY) to Rs 748 crore during the period under review. EBITDA declined by 8% to Rs 99 crore in Q1 FY25 from Rs 108 crore recorded in Q1 FY24. EBITDA margin was in June'24 quarter was 13.2% as against 14.6% in June'23 quarter. Ramesh Kumar Dua, chairman and managing director, said: The company reported nominal revenue increase during the quarter, largely due to weak consumer sentiments driven by election related disruptions and severe heat conditions in many parts of India. We operate in a labour intensive industry which was impacted by an abnormal increase in minimum wages as mandated by the government. We decided not to pass on the higher costs to consumers in the current subdued market conditions, which has impacted profitability in this quarter. Capex incurred to manufacture higher volumes in the future have also led to higher depreciation expenses in this quarter. We have undertaken major sales transformation initiatives to enhance our connect with distributors, retailers and consumers, and with a favourable monsoon expected, we are optimistic about sales growth in the coming quarters. The company is undertaking cost optimization initiatives which will help to improve overall performance of the company during this year. Relaxo Footwears is engaged in production of Hawaii slippers, light weight slippers, canvas shoes, PVC footwear etc. Powered by Capital Market - Live
Relaxo Footwears Share Price: Relaxo falls 3% on weak Q1FY25 results; record date for dividend announced
Relaxo Footwears standalone net profit declines 21.22% in the June 2024 quarter
Net profit of Relaxo Footwears declined 21.22% to Rs 44.37 crore in the quarter ended June 2024 as against Rs 56.32 crore during the previous quarter ended June 2023. Sales rose 1.27% to Rs 748.19 crore in the quarter ended June 2024 as against Rs 738.82 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales748.19738.82 1 OPM %13.2214.56 - PBDT99.44110.36 -10 PBT60.3375.77 -20 NP44.3756.32 -21 Powered by Capital Market - Live
Relaxo Footwears has fixed 22 August 2024 as record date for payment of dividend. The dividend will be paid on or before 27 September 2024. Powered by Capital Market - Live
Relaxo Footwears has granted 8,600 stock options under ESOP on 31 July 2024. Further, 41,300 options were cancelled due to resignation/ retirement of employees. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.01%, vs industry avg of 3.32%
Increasing Market Share
Over the last 5 years, market share increased from 22.63% to 24.64%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 2.7%, vs industry avg of 4.13%