Relaxo Footwears Ltd.

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relaxofootwears.comBSE: 530517NSE: RELAXO

Market Cap₹ 8,088 Cr.

Current Price

High / Low₹ 504 / 236

Stock P/E43.6

Book Value₹ 91

Price to Book2.68

Dividend Yield1.08 %

ROCE12.3 %

ROE8.3 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Footwear: 99.2% • Other Operating Revenue: 0.4% • Accessories, Raw Material etc.: 0.3%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.80x)
Company has been maintaining a healthy dividend payout of 48.6%
Stock looks reasonably valued - P/E of 43.6 is below its historical median
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Company has a low return on equity of 9.0% over last 3 years
Company has delivered a poor profit growth of -9.3% over past five years
Company has delivered a poor sales growth of 2.8% over past five years
Expensive relative to growth - PEG of 8.6

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesFMCGFootwear

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	BATAINDIA	648.50	57.02	8335.01	1.39	63.98	23.05	978.95	3.94	20.77	20.84
2.	RELAXO	324.90	43.65	8088.01	1.08	54.94	12.35	705.05	7.73	12.34	15.35
3.	CAMPUS	214.40	60.38	6553.77	0.70	28.66	—	337.71	—	26.65	18.27
4.	MIRZAINT	30.83	0.00	426.08	0.00	-4.07	-122.85	128.40	-9.65	1.29	2.37
5.	LIBERTSHOE	229.05	61.08	390.30	0.00	0.68	-79.46	169.86	-1.70	11.81	7.95
6.	SUPERHOUSE	173.75	24.55	191.56	0.46	3.56	213.28	162.87	4.07	4.30	6.58
7.	KSR	42.19	0.00	77.54	0.00	0.32	106.56	52.25	0.36	-13.35	5.86

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	739	715	713	747	748	679	667	695	654	629	668	751	705
	631	624	626	627	649	592	584	583	555	547	599	627	643
Operating Profit	108	92	87	120	99	88	83	112	99	81	69	124	62
OPM %	14.56%	12.79%	12.23%	16.11%	13.22%	12.90%	12.50%	16.12%	15.20%	12.91%	10.39%	16.51%	8.81%
	7	11	6	5	5	7	7	8	11	12	11	12	13
Interest	4	5	5	5	5	5	5	5	5	5	5	6	6
Depreciation	35	37	38	38	39	40	40	39	40	39	39	39	40
Profit before Tax	76	60	51	82	60	50	45	75	66	49	36	91	75
Tax %	25.67%	26.81%	24.12%	25.40%	26.45%	25.90%	26.00%	25.40%	25.81%	25.98%	26.11%	25.46%	26.82%
Net Profit	56	44	39	61	44	37	33	56	49	36	27	68	55
	2.26	1.78	1.55	2.46	1.78	1.48	1.32	2.26	1.96	1.46	1.06	2.72	2.21

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,631	1,941	2,292	2,410	2,359	2,653	2,783	2,914	2,790	2,702	2,753
	1,400	1,639	1,966	1,999	1,862	2,236	2,445	2,505	2,405	2,326	2,416
Operating Profit	231	302	326	411	497	418	338	409	385	377	337
OPM %	14.16%	15.56%	14.24%	17.07%	21.07%	15.74%	12.15%	14.03%	13.80%	13.94%	12.23%
	14	4	13	9	23	24	19	29	27	46	48
Interest	15	9	9	19	19	17	22	21	24	24	22
Depreciation	51	54	62	109	110	114	125	147	158	157	158
Profit before Tax	178	244	268	292	391	311	210	269	230	241	251
Tax %	32.62%	33.88%	34.53%	22.44%	25.46%	25.09%	26.45%	25.55%	25.90%	25.76%	26.06%
Net Profit	120	161	175	226	292	233	154	200	170	179	185
EPS	9.98	13.38	7.06	9.10	11.72	9.35	6.21	8.05	6.84	7.20	—
Dividend Payout %	10.01%	11.20%	12.72%	13.71%	21.30%	26.74%	40.28%	37.25%	43.84%	48.59%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 3%
3 Years:: -1%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: -9%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: -23%
3 Years:: -29%
1 Year:: -34%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 10%
3 Years:: 9%
Last Year:: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	12	25	25	25	25	25	25	25
	591	744	1,085	1,239	1,540	1,733	1,830	1,970	2,073	2,181
	179	154	112	139	115	143	128	169	169	188
Trade Payables	126	175	172	184	223	222	253	255	197	263
	163	164	230	254	273	260	259	295	299	292
Total Liabilities	1,070	1,250	1,611	1,841	2,176	2,383	2,495	2,714	2,762	2,949
	541	525	848	981	938	987	1,150	1,371	1,344	1,365
Capital Work in Progress	62	136	10	44	112	145	88	33	53	97
	1	1	0	0	338	194	225	108	343	436
	290	314	382	448	422	673	564	599	558	557
	0	0	0	0	0	0	0	358	312	299
Cash & Bank	4	4	2	4	8	13	74	98	42	24
	173	270	368	364	358	370	394	148	110	172
Total Assets	1,070	1,250	1,611	1,841	2,176	2,383	2,495	2,714	2,762	2,949

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	239	234	210	402	602	140	456	235	406	348
Cash from Investing	-89	-108	-57	-116	-453	15	-258	-99	-262	-207
Cash from Financing	-89	-46	-68	-203	-56	-70	-138	-106	-162	-146
	1	-0	-2	1	4	1	3	30	-18	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.27	71.27	71.27	71.27	71.27	71.27	71.27	71.27	71.27
	3.36	3.41	3.27	3.07	2.85	3.04	3.01	3.04	3.11
	9.54	9.98	10.54	10.55	9.95	9.88	9.87	9.74	9.67
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.83	15.33	14.92	15.12	15.93	15.82	15.85	15.95	15.95

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Updates

2026-09-07 - Relaxo Footwears Limited has informed the Exchange regarding Communication to Shareholders - Intimation on Tax Deduction at Source (TDS) on Dividend.

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Relaxo Footwears Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Updates

2026-08-31 - Relaxo Footwears Limited has informed the Exchange regarding Intimation under Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2026-08-31

Updates

2026-08-31 - Relaxo Footwears Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for the Financial Year ended 2025-26.

2026-08-31

Shareholders meeting

2026-08-31 - Relaxo Footwears Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Relaxo Footwears Limited has informed the Exchange about copy of Newspaper Publication regarding 42nd Annual General Meeting of the Company to be held on Thursday, September 24, 2026 at 10:30 A.M. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Relaxo Footwears Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Updates

2026-08-13 - Relaxo Footwears Limited has informed the Exchange regarding Nomination and Remuneration Committee of the Company at its meeting held today i.e. Thursday, August 13, 2026, approved the grant of 5,03,500.

2026-08-13

Investor Presentation

2026-08-13 - Relaxo Footwears Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for RELAXO

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