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Relaxo Footwears Ltd

RELAXO

Relaxo Footwears Ltd

RELAXO
Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹12,726 cr, stock is ranked 438
Low RiskStock is 1.70x as volatile as Nifty
511.252.80% (-14.75)
511.252.80% (-14.75)

Price Chart

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1D
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1M
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Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹12,726 cr, stock is ranked 438
Low RiskStock is 1.70x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryFootwear
SmallcapWith a market cap of ₹12,726 cr, stock is ranked 438
Low RiskStock is 1.70x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
72.526.360.59%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.856.380.79%

Forecast & Ratings

Detailed Forecast 
33%
Analysts have suggested that investors can buy this stock

from 12 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.

Investor Presentation

View older 

Jan 31, 2025

PDF
View Older Presentations
PE Ratio
80.34
1Y Return
10.67%
Buy Reco %
71.43
PE Ratio
65.77
1Y Return
4.74%
Buy Reco %
33.33
PE Ratio
61.44
1Y Return
25.29%
Buy Reco %
—
PE Ratio
93.40
1Y Return
9.86%
Buy Reco %
—
PE Ratio
20.09
1Y Return
31.33%
Buy Reco %
—
Compare with Peers

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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 3.27%

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 4.6%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,719.531,644.761,945.512,305.062,419.532,381.922,676.992,801.342,942.922,865.60
Raw Materialssubtract741.75720.67896.631,130.131,092.86959.131,389.011,256.651,241.842,451.37
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/Amortizationsubtract47.1251.4654.3462.41109.42110.02113.54125.10147.49157.52
Interest & Other Itemssubtract22.8915.038.598.9819.3418.6917.2021.6521.0219.91
Taxes & Other Itemssubtract57.3158.0882.5592.5465.4699.6077.9255.5468.8061.30
EPS5.014.996.707.189.1211.749.366.218.057.05
DPS0.300.500.750.901.252.502.502.503.003.00
Payout ratio0.060.100.110.130.140.210.270.400.370.43

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 24PDF
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
FY 2025

Annual Report Pending

Investor Presentation

Jan 31PDF
Nov 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryFootwear

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Relaxo Footwears Ltd63.496.360.59%
Metro Brands Ltd80.3417.510.41%
Bata India Ltd65.7711.310.89%
Liberty Shoes Ltd61.443.28—

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%10.52%0.02%3.27%14.92%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '243.24%3.40%3.32%3.36%3.41%3.27%

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)
4.1961%1.58%-0.34%27/33 (-4)
1.0633%0.20%-0.04%39/103 (-2)
1.0490%0.65%-0.13%56/77 (-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 0.57%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.70 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
Spotlight
Relaxo Footwears Q3 PAT slumps 14% YoY to Rs 33 cr

Profit before tax (PBT) was at Rs 44.61 crore in the third quarter of FY25, down 12.24% as against Rs 50.83 crore in Q3 FY24. Total expenses fell 5.81% YoY to Rs 629.09 crore in the quarter ended 31st December 2024. Cost of material consumed, including packing material was at Rs 227.08 crore (down 13.73% YoY) and employee benefits expenses stood at Rs 96 crore (down 0.04% YoY) during the quarter. EBITDA declined by 4% to Rs 83 crore in Q3 FY25, compared to Rs 87 crore in Q3 FY24. However, the company maintained its EBITDA margin at 12.5% for the quarter, up from 12.2% in Q3 FY24. On a 9-month basis, the company's net profit declined by 17.95% to Rs 114.11 crore, while revenue from operations dropped by 3.34% to Rs 2,094.46 crore in 9M FY24 compared to 9M FY23. Ramesh Kumar Dua, chairman and MD said, 'Given the overall weak consumer demand, particularly in the mass and value segments, the Company's continued focus has been to revamp the distribution system. The introduction of the 'Relaxo Parivaar' app has not only helped us to increasingly streamline our network of distributors and retailers but is also setting the stage for the future expansion of this network. We believe this effort, while exhibiting short term pain over the last few quarters in terms of decline in volumes, is slowly getting accepted by all business partners. We expect our distribution system to stabilise over the next 2-3 quarters and are hopeful that the results will begin to show post that. Furthermore, we continue to improve our online presence through the 'Brand as a Seller' model and are regularly launching exclusive offerings which shall contribute to the growth of this important channel. On the cost front, our focus remains on cost optimization efforts targeting operational efficiencies and involves the Company's manufacturing facilities as well as the vendors. We are confident that the curated investments that we have undertaken in this depressed market scenario will set the stage for growth and profitability in the medium to longer term.' Relaxo Footwears is engaged in production of Hawaii slippers, light weight slippers, canvas shoes, PVC footwear etc. Shares of Relaxo Footwears declined 0.71% to Rs 545.85 on the BSE.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Relaxo Footwears standalone net profit declines 14.42% in the December 2024 quarter

Net profit of Relaxo Footwears declined 14.42% to Rs 33.01 crore in the quarter ended December 2024 as against Rs 38.57 crore during the previous quarter ended December 2023. Sales declined 6.43% to Rs 666.90 crore in the quarter ended December 2024 as against Rs 712.71 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales666.90712.71 -6 OPM %12.5012.23 - PBDT84.8188.33 -4 PBT44.6150.83 -12 NP33.0138.57 -14 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Relaxo Footwears to declare Quarterly Result

Relaxo Footwears will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Relaxo Footwears slides as Q2 PAT declines 17% YoY to Rs 37 cr

Profit before tax was at Rs 49.57 crore in the second quarter of FY25, down 17.90% as against Rs 60.38 crore in Q2 FY24. Total expenses fell 4.36% YoY to Rs 636.44 crore in September 2024 quarter. Cost of material consumed, including packing material was at Rs 282.84 crore (down 2.98% YoY) and employee benefits expenses stood at Rs 106.21 crore (up 10.92% YoY) during the quarter. EBITDA declined by 4.34% to Rs 88 crore in Q2 FY25 from Rs 92 crore recorded in Q2 FY24. The company maintained its EBITDA margin at 12.9% during the quarter as compared to 12.8% in Q2 FY24, despite subdued demand. On half year basis, the company's net profit declined 19.31% to Rs 81.10 crore on 1.82% fell in revenue from operations to Rs 1,427.56 crore in H1 FY25 over H1 FY24. Ramesh Kumar Dua, chairman and MD said, 'the company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment. Margin pressure was also high from organized trade channels. The company took a call to not dilute pricing and margins to unsustainable levels due to which we were able to maintain our operating margins during the quarter. However, higher depreciation in the quarter has impacted the net profit of the company. The company has been sanctioned a grant of Rs 10.00 Crores, which is 50% of total expenses i.e., Rs. 20.00 Crores for Design Studio, under Indian Footwear and Leather Development Programme (IFLDP) that will boost our focus on best-in-class technological upgradation and advanced level of designs. The company is in the process of adding new distributors to our network, to ensure Relaxo's presence in each district of the country. To improve our reach and market penetration, we launched a retailer connect initiative through 'Relaxo Parivaar' mobile application. This has shown an encouraging response with reach of over 70,000 retail outlets and has been driving consistent month on month improvement in secondary sales. To drive premiumization, we have collaborated with global brands viz. 'Disney' and 'Marvel', launching a new collection featuring 'Disney' and 'Marvel' themes. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future.' Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Relaxo Footwears Q2 PAT slides 17% YoY to Rs 37 cr

Profit before tax was at Rs 49.57 crore in the second quarter of FY25, down 17.90% as against Rs 60.38 crore in Q2 FY24. Total expenses fell 4.36% YoY to Rs 636.44 crore in September 2024 quarter. Cost of material consumed, including packing material was at Rs 282.84 crore (down 2.98% YoY) and employee benefits expenses stood at Rs 106.21 crore (up 10.92% YoY) during the quarter. EBITDA declined by 4.34% to Rs 88 crore in Q2 FY25 from Rs 92 crore recorded in Q2 FY24. The company maintained its EBITDA margin at 12.9% during the quarter as compared to 12.8% in Q2 FY24, despite subdued demand. On half year basis, the company's net profit declined 19.31% to Rs 81.10 crore on 1.82% fell in revenue from operations to Rs 1,427.56 crore in H1 FY25 over H1 FY24. Ramesh Kumar Dua, chairman and MD said, 'the company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment. Margin pressure was also high from organized trade channels. The company took a call to not dilute pricing and margins to unsustainable levels due to which we were able to maintain our operating margins during the quarter. However, higher depreciation in the quarter has impacted the net profit of the company. The company has been sanctioned a grant of Rs 10.00 Crores, which is 50% of total expenses i.e., Rs. 20.00 Crores for Design Studio, under Indian Footwear and Leather Development Programme (IFLDP) that will boost our focus on best-in-class technological upgradation and advanced level of designs. The company is in the process of adding new distributors to our network, to ensure Relaxo's presence in each district of the country. To improve our reach and market penetration, we launched a retailer connect initiative through 'Relaxo Parivaar' mobile application. This has shown an encouraging response with reach of over 70,000 retail outlets and has been driving consistent month on month improvement in secondary sales. To drive premiumization, we have collaborated with global brands viz. 'Disney' and 'Marvel', launching a new collection featuring 'Disney' and 'Marvel' themes. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future.' Shares of Relaxo Footwears fell 1.22% to Rs 769.35 on Friday, 8 November 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Relaxo Footwears standalone net profit declines 16.88% in the September 2024 quarter

Net profit of Relaxo Footwears declined 16.88% to Rs 36.73 crore in the quarter ended September 2024 as against Rs 44.19 crore during the previous quarter ended September 2023. Sales declined 5.03% to Rs 679.37 crore in the quarter ended September 2024 as against Rs 715.32 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales679.37715.32 -5 OPM %12.9012.79 - PBDT89.3297.32 -8 PBT49.5760.38 -18 NP36.7344.19 -17 Powered by Capital Market - Live

3 months agoCapital Market - Live
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

3 months 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

6 months agoCapital Market - Live

Add Relaxo Footwears, target price Rs 950: Centrum Broking

6 months agoEconomic Times

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

6 months agoBloomberg Quint