Past 10 year's financial track record analysis by Moneyworks4me indicates that Relaxo Footwears Ltd is a good quality company.
The key valuation ratios of Relaxo Footwears Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Relaxo Footwears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 29.8% | 30.3% | 25.7% | 29.7% | 26% | 24.8% | 28.6% | 19.6% | 12.8% | 15% | - |
| Value Creation Index ⓘ | 1.1 | 1.2 | 0.9 | 1.2 | 0.9 | 0.8 | 1.5 | 0.7 | -0.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,481 | 1,712 | 1,631 | 1,941 | 2,292 | 2,410 | 2,359 | 2,653 | 2,783 | 2,914 | 2,887 |
| Sales YoY Gr. | - | 15.6% | -4.7% | 19% | 18.1% | 5.2% | -2.1% | 12.5% | 4.9% | 4.7% | - |
| Adj EPS ⓘ | 4.3 | 4.9 | 4.9 | 6.6 | 6.9 | 8.9 | 11.5 | 9.3 | 6.1 | 8 | 7.3 |
| YoY Gr. | - | 13% | 1.7% | 33.8% | 4.7% | 28.8% | 29.5% | -19.8% | -33.8% | 30.9% | - |
| BVPS (₹) ⓘ | 15.3 | 20 | 25.1 | 31.4 | 44.3 | 50.9 | 63 | 70.6 | 74.5 | 80.2 | 80.8 |
| Adj Net Profit ⓘ | 103 | 117 | 119 | 159 | 172 | 221 | 287 | 230 | 152 | 199 | 181 |
| Cash Flow from Ops. ⓘ | 107 | 159 | 180 | 154 | 123 | 319 | 513 | 56 | 400 | 235 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 1.5 | 1 | 1 | 0.9 | 0.1 | 0 | 0.4 | 0 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.8% | 4.9% | 7.3% | 4.7% | ||||
| Adj EPS ⓘ | 7.2% | 3% | -11.5% | 30.9% | ||||
| BVPSⓘ | 20.2% | 12.6% | 8.4% | 7.6% | ||||
| Share Price | 17.8% | 3.9% | -20.7% | -26.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 32.1 | 27.5 | 21.8 | 23.3 | 18.4 | 18.6 | 20.2 | 13.8 | 8.4 | 10.3 | 9 |
| Op. Profit Mgn % ⓘ | 13.6 | 14.1 | 14.7 | 15.6 | 14.4 | 17.1 | 21.2 | 15.8 | 12.2 | 14.1 | 13.7 |
| Net Profit Mgn % ⓘ | 7 | 6.8 | 7.3 | 8.2 | 7.5 | 9.2 | 12.2 | 8.7 | 5.5 | 6.8 | 6.3 |
| Debt to Equity ⓘ | 0.7 | 0.5 | 0.3 | 0.2 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 76 | 84 | 99 | 98 | 106 | 118 | 123 | 118 | 122 | 121 | 78 |
| Cash Conv. Cycle ⓘ | 47 | 49 | 55 | 50 | 54 | 61 | 54 | 66 | 72 | 69 | 46 |
No data to display
Return on Equity has declined versus last 3 years average to 9.00%
Sales growth has been subdued in last 3 years 7.30%
Net Profit has been subdued in last 3 years -11.46%
Sales growth is not so good in last 4 quarters at -0.36%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | - |
| TTM Sales (₹ Cr.) | 2,887 | - |
| BVPS (₹.) ⓘ | 80.8 | - |
| Reserves (₹ Cr.) ⓘ | 1,986 | - |
| P/BV ⓘ | 8.22 | - |
| PE ⓘ | 91.27 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 663.80 / 949.85 |
| All Time Low / High (₹) | 0.57 / 1447.00 |
| Market Cap (₹ Cr.) | 16,525 |
| Equity (₹ Cr.) | 24.9 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 65.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,481 | 1,712 | 1,631 | 1,941 | 2,292 | 2,410 | 2,359 | 2,653 | 2,783 | 2,914 |
| Operating Expenses ⓘ | 1,280 | 1,472 | 1,400 | 1,639 | 1,966 | 1,999 | 1,862 | 2,236 | 2,445 | 2,505 |
| Manufacturing Costs | 277 | 294 | 202 | 231 | 292 | 338 | 284 | 366 | 391 | 453 |
| Material Costs | 557 | 614 | 726 | 883 | 1,072 | 1,039 | 1,003 | 1,217 | 1,334 | 1,220 |
| Employee Cost | 135 | 161 | 177 | 214 | 259 | 294 | 301 | 335 | 343 | 389 |
| Other Costs ⓘ | 311 | 403 | 296 | 311 | 342 | 328 | 273 | 319 | 376 | 444 |
| Operating Profit ⓘ | 201 | 240 | 231 | 302 | 326 | 411 | 497 | 418 | 338 | 409 |
| Operating Profit Margin (%) | 13.5% | 14.0% | 14.2% | 15.6% | 14.2% | 17.1% | 21.1% | 15.7% | 12.2% | 14.0% |
| Other Income ⓘ | 0 | 3 | 14 | 4 | 13 | 9 | 23 | 24 | 19 | 29 |
| Interest ⓘ | 18 | 23 | 15 | 9 | 9 | 19 | 19 | 17 | 22 | 21 |
| Depreciation ⓘ | 40 | 47 | 51 | 54 | 62 | 109 | 110 | 114 | 125 | 147 |
| Exceptional Items ⓘ | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 143 | 178 | 178 | 244 | 268 | 292 | 391 | 311 | 210 | 269 |
| Tax ⓘ | 40 | 57 | 58 | 83 | 93 | 65 | 100 | 78 | 56 | 69 |
| Profit After Tax | 103 | 120 | 120 | 161 | 175 | 226 | 292 | 233 | 154 | 200 |
| PAT Margin (%) | 7.0% | 7.0% | 7.4% | 8.3% | 7.7% | 9.4% | 12.4% | 8.8% | 5.6% | 6.9% |
| Adjusted EPS (₹) | 4.3 | 5.0 | 5.0 | 6.7 | 7.1 | 9.1 | 11.7 | 9.4 | 6.2 | 8.1 |
| Dividend Payout Ratio (%) | 6% | 6% | 10% | 11% | 13% | 14% | 21% | 27% | 40% | 37% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 368 | 480 | 603 | 756 | 1,097 | 1,264 | 1,565 | 1,758 | 1,855 | 1,995 |
| Share Capital ⓘ | 6 | 12 | 12 | 12 | 12 | 25 | 25 | 25 | 25 | 25 |
| Reserves ⓘ | 362 | 468 | 591 | 744 | 1,085 | 1,239 | 1,540 | 1,733 | 1,830 | 1,970 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 211 | 203 | 132 | 125 | 87 | 19 | 0 | 20 | 0 | 19 |
| Long Term Debt | 145 | 113 | 71 | 39 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 66 | 90 | 61 | 86 | 87 | 19 | 0 | 20 | 0 | 19 |
| Trade Payables | 93 | 122 | 126 | 175 | 172 | 184 | 223 | 222 | 253 | 255 |
| Others Liabilities ⓘ | 170 | 192 | 210 | 193 | 255 | 374 | 388 | 383 | 387 | 446 |
| Total Liabilities ⓘ | 841 | 997 | 1,070 | 1,250 | 1,611 | 1,841 | 2,176 | 2,383 | 2,495 | 2,714 |
Fixed Assets | ||||||||||
| Gross Block | 668 | 771 | 592 | 630 | 1,015 | 1,254 | 1,295 | 1,427 | 1,692 | 2,012 |
| Accumulated Depreciation | 196 | 241 | 51 | 105 | 167 | 273 | 357 | 439 | 542 | 641 |
| Net Fixed Assetsⓘ | 472 | 531 | 541 | 525 | 848 | 981 | 938 | 987 | 1,150 | 1,371 |
| CWIP ⓘ | 2 | 28 | 62 | 138 | 11 | 46 | 118 | 149 | 89 | 33 |
| Investmentsⓘ | 0 | 1 | 1 | 1 | 0 | 0 | 338 | 194 | 225 | 108 |
| Inventories | 249 | 286 | 290 | 314 | 382 | 448 | 422 | 673 | 564 | 599 |
| Trade Receivables | 82 | 109 | 123 | 173 | 223 | 172 | 181 | 251 | 270 | 358 |
| Cash Equivalents | 4 | 2 | 4 | 4 | 2 | 4 | 8 | 13 | 74 | 98 |
| Others Assetsⓘ | 32 | 41 | 49 | 95 | 144 | 190 | 170 | 116 | 122 | 148 |
| Total Assets ⓘ | 841 | 997 | 1,070 | 1,250 | 1,611 | 1,841 | 2,176 | 2,383 | 2,495 | 2,714 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 107 | 159 | 180 | 154 | 123 | 319 | 513 | 56 | 400 | 235 |
| PBT ⓘ | 143 | 178 | 178 | 244 | 268 | 292 | 391 | 311 | 210 | 269 |
| Adjustment ⓘ | 59 | 66 | 67 | 64 | 74 | 130 | 118 | 111 | 135 | 148 |
| Changes in Working Capital ⓘ | -57 | -30 | -6 | -73 | -132 | -20 | 93 | -282 | 110 | -115 |
| Tax Paid ⓘ | -38 | -54 | -59 | -80 | -86 | -83 | -89 | -84 | -55 | -67 |
| Cash Flow From Investing Activity ⓘ | -130 | -130 | -89 | -108 | -57 | -116 | -453 | 15 | -258 | -99 |
| Capex | -130 | -134 | -90 | -109 | -91 | -116 | -122 | -139 | -184 | -246 |
| Net Investments | 0 | 4 | 0 | 0 | 33 | 0 | -332 | 153 | -78 | 136 |
| Others ⓘ | 0 | 0 | 1 | 1 | 2 | 0 | 1 | 1 | 4 | 12 |
| Cash Flow From Financing Activityⓘ | 21 | -31 | -89 | -46 | -68 | -203 | -56 | -70 | -138 | -106 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 2 | 5 | 3 | 3 | 5 | 14 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 41 | -3 | -63 | -47 | -42 | -24 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -16 | -22 | -20 | -15 | -8 | -17 | -17 | -15 | -19 | -19 |
| Dividend Paid ⓘ | -3 | -6 | -7 | -12 | -18 | -53 | 0 | -62 | -62 | -62 |
| Others ⓘ | -1 | -1 | -1 | 23 | -3 | -111 | -44 | -6 | -57 | -26 |
| Net Cash Flow ⓘ | -1 | -2 | 1 | 0 | -2 | 1 | 4 | 1 | 3 | 30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 31.98 | 28.37 | 22.15 | 23.69 | 18.93 | 19.16 | 20.61 | 14 | 8.55 | 10.42 |
| ROCE (%) | 29.78 | 30.29 | 25.72 | 29.68 | 25.99 | 24.8 | 28.62 | 19.56 | 12.75 | 14.98 |
| Asset Turnover Ratio | 2 | 1.89 | 1.6 | 1.68 | 1.6 | 1.4 | 1.17 | 1.23 | 1.22 | 1.2 |
| PAT to CFO Conversion(x) | 1.04 | 1.33 | 1.5 | 0.96 | 0.7 | 1.41 | 1.76 | 0.24 | 2.6 | 1.18 | Working Capital Days |
| Receivable Days | 18 | 20 | 26 | 28 | 32 | 30 | 27 | 28 | 32 | 37 |
| Inventory Days | 50 | 56 | 64 | 57 | 55 | 63 | 67 | 71 | 76 | 68 |
| Payable Days | 50 | 64 | 62 | 62 | 59 | 62 | 74 | 67 | 65 | 76 |
Relaxo Footwears (Relaxo) is one of the leading and most popular footwear companies in India. A household name, literally. With its headquarter in New Delhi and few manufacturing units, Relaxo produces losts pairs of footwear, every day. Relaxo footwear’s range boasts a fine combination of comfort, style, and quality workmanship. A wide collection of fashionable, colourful, comfortable and durable footwear for men, women and children. For a changing India. For a trendsetting India. Relaxo is geared to meet the quality and choice expectations of a young India with its sub-brands such as Sparx, Bahamas, Flite, Schoolmate and Relaxo Hawaii.
Business area of the company
The company is largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc. It has a portfolio of brands including major brands like Relaxo, Flite, Sparx and Bahamas. The company sells its products through retailers served through distributors, retail outlets, exports, e-commerce, modern trade etc. It has state of the art manufacturing facilities, Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and in Haridwar (Uttarakhand). The company’s business process is managed through SAP & SAP HANA.
Brands
Awards
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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