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Relaxo Footwears Ltd

RELAXO

Relaxo Footwears Ltd

RELAXO
Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹19,098 cr, stock is ranked 355
Low RiskStock is 1.54x as volatile as Nifty
770.400.42% (+3.20)
770.400.42% (+3.20)

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Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹19,098 cr, stock is ranked 355
Low RiskStock is 1.54x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹19,098 cr, stock is ranked 355
Low RiskStock is 1.54x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
101.319.540.39%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.756.750.49%

Forecast & Ratings

Detailed Forecast 
23%
Analysts have suggested that investors can buy this stock

from 13 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Relaxo Footwears Limited is engaged in the manufacturing and trading of footwear and related products.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 5.01%, vs industry avg of 3.32%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 22.63% to 24.64%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 2.7%, vs industry avg of 4.13%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,719.531,644.761,945.512,305.062,419.532,381.922,676.992,801.342,942.922,950.45
Raw Materialssubtract741.75720.67896.631,130.131,092.86959.131,389.011,256.651,241.842,525.49
Power & Fuel Costsubtract50.5047.6354.0070.8876.4773.4787.0791.61107.65
Employee Costsubtract160.84177.04214.08258.66293.99301.39334.69343.25389.10
Selling & Administrative Expensessubtract368.78257.42277.29296.98277.93224.79266.08310.38368.46
Operating & Other expensessubtract150.06197.48196.96209.04257.81303.27158.80442.69398.09
Depreciation/Amortizationsubtract47.1251.4654.3462.41109.42110.02113.54125.10147.49152.01
Interest & Other Itemssubtract22.8915.038.598.9819.3418.6917.2021.6521.0219.12
Taxes & Other Itemssubtract57.3158.0882.5592.5465.4699.6077.9255.5468.8065.31
EPS5.014.996.707.189.1211.749.366.218.057.57
DPS0.300.500.750.901.252.502.502.503.002.50
Payout ratio0.060.100.110.130.140.210.270.400.370.33

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2020

Annual report

PDF

Investor Presentation

Jun 8PDF
FY 2021

Annual report

PDF

Investor Presentation

May 24PDF
Oct 31PDF
FY 2022

Annual report

PDF

Investor Presentation

May 13PDF
Jan 30PDF
Nov 9PDF
FY 2023

Annual report

PDF

Investor Presentation

May 11PDF
Feb 6PDF
Nov 2PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryFootwear

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Relaxo Footwears Ltd95.279.540.39%
Metro Brands Ltd78.8117.170.42%
Bata India Ltd66.4011.420.88%
Liberty Shoes Ltd78.674.20—

Price Comparison

Compare RELAXO with any stock or ETF
Compare RELAXO with any stock or ETF
RELAXO
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.27%9.96%0.03%3.41%15.33%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep8.30%8.49%8.81%9.29%9.52%9.96%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Focused Equity Fund - Growth - Direct Plan

Growth
4.2472%2.23%0.20%24/34 (-2)
SBI Equity Hybrid Fund - Growth - Direct Plan

Growth
1.0762%0.27%-0.02%28/96 (+5)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH

Growth
1.0618%0.91%-0.11%65/80 (-6)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

RELAXO has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.39%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.89 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 22, 2024

Final
Final | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Aug 22, 2024

Cash Dividend

Ex DateEx DateAug 17, 2023

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Aug 17, 2023

Cash Dividend

Ex DateEx DateAug 17, 2022

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Aug 17, 2022

Cash Dividend

Ex DateEx DateAug 17, 2021

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Aug 17, 2021

Cash Dividend

Ex DateEx DateMar 11, 2020

Interim
Interim | Div/Share: ₹1.25

Dividend/Share

₹1.25

Ex DateEx Date

Mar 11, 2020

News & Opinions
Corporate
Relaxo Footwears schedules board meeting

Relaxo Footwears will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Relaxo Footwears AGM scheduled

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

3 months agoCapital Market - Live

Add Relaxo Footwears, target price Rs 950: Centrum Broking

3 months agoEconomic Times

Relaxo Footwears Q1 Results Review - Volume Performance Remain Impacted: Dolat Capital

3 months agoBloomberg Quint

Relaxo Footwears declines after weak Q1 performance

3 months agoBusiness Standard
Spotlight
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

3 months agoCapital Market - Live

Relaxo Footwears Share Price: Relaxo falls 3% on weak Q1FY25 results; record date for dividend announced

3 months agoBusiness Standard

Relaxo Footwears standalone net profit declines 21.22% in the June 2024 quarter

3 months agoBusiness Standard
Earnings
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

3 months agoCapital Market - Live
Corporate
Relaxo Footwears fixes record date for dividend

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

3 months agoCapital Market - Live