MarketFriction

Relaxo Footwears Ltd

NSE RELAXO · BSE 530517 · Footwear
₹285.35 -2.01%
NSE close2026-10-01
52 week range236.50 - 454.75
Market cap₹7,257 Cr.
P/E39.2
Microcap 250 Price band 20% Delivery 41.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales715713747748679667695654629668751705
Expenses624626627649592584583555547599627597
Operating Profit9287120998883112998169124108
OPM %13%12%16%13%13%12%16%15%13%10%17%15%
Other Income116557781112111213
Interest555555555566
Depreciation373838394040394039393940
Profit before tax605182605045756649369175
Tax %27%24%25%26%26%26%25%26%26%26%25%27%
Net Profit443961443733564936276855
EPS in Rs1.781.552.471.781.481.332.261.961.451.072.722.21
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6681,6311,9412,2922,4102,3592,6532,7832,9142,7902,7022,753
Expenses1,4271,4001,6391,9641,9981,8612,2352,4422,5052,4052,3262,370
Operating Profit241231302328413498418341409385377383
OPM %14%14%16%14%17%21%16%12%14%14%14%14%
Other Income714412822231629274648
Interest2315991919172221242422
Depreciation47515462109110114125147158157158
Profit before tax178178244268292391311210269230241251
Tax %32%33%34%35%22%25%25%26%26%26%26%
Net Profit120120161175226292233154200170179185
EPS in Rs5.014.996.697.079.1111.749.356.218.056.847.207.45
Dividend Payout %6%10%11%13%14%21%27%40%37%44%49%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%3%-1%2%
Compounded Profit Growth4%-9%5%6%
Stock Price CAGR3%-24%-31%-35%
Return on Equity13%10%9%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital61212121225252525252525
Reserves3624685947491,0931,2481,5481,7351,8301,9762,0732,181
Borrowings239236178153112139144174164205213233
Other Liabilities234281286335394430459448476508452510
Total Liabilities8419971,0701,2501,6111,8412,1762,3832,4952,7142,7622,949
Fixed Assets4725315415258489819389871,1501,3711,3441,365
CWIP22862138114611814989335497
Investments001100338194225108343436
Other Assets3674384665877528147821,0521,0301,2021,0211,051
Total Assets8419971,0701,2501,6111,8412,1762,3832,4952,7142,7622,949
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity10715918015412331951356400235406348
Cash from Investing Activity-130-130-89-108-56-116-45315-258-99-262-206
Cash from Financing Activity21-31-89-46-68-203-56-70-138-106-162-146
Net Cash Flow-1-21-0-1141330-18-5
Free Cash Flow-2325904632203391-82216-11291213
CFO/OP72%89%103%78%64%97%121%33%134%74%120%110%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days212428333526283435454140
Inventory Days163147146130130157154202154179177184
Days Payable616363725865816769766387
Cash Conversion Cycle12310811090107119101170121148155138
Working Capital Days141219274257447559686263
ROCE %30%30%26%30%26%24%26%18%12%14%11%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.27%71.27%71.27%71.27%71.27%71.27%71.27%71.27%71.27%71.27%71.27%71.27%
FIIs3.24%3.39%3.32%3.36%3.41%3.27%3.07%2.85%3.04%3.01%3.04%3.11%
DIIs8.53%8.86%9.33%9.54%9.98%10.54%10.55%9.95%9.88%9.87%9.74%9.67%
Public16.96%16.47%16.07%15.82%15.34%14.92%15.13%15.93%15.82%15.85%15.95%15.95%
No. of Shareholders3,16,1352,91,4012,69,3882,52,9812,39,2452,37,1952,36,6772,39,5602,39,2702,32,8722,25,9312,23,844

Fundamentals

Market Cap₹ 7,257 Cr.
Current Price₹ 292
Stock P/E39.2
Book Value₹ 88.6
ROCE11.2 %
ROE8.33 %
Dividend Yield1.20 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)6%
Standalone figures.
Valuation
Market capRs 7,103 Cr
Enterprise valueRs 7,312 Cr
P/E (TTM)38.33x
Price to book3.22x
Price to sales2.58x
EV / EBITDA16.98x
EV / EBIT26.80x
EV / sales2.66x
Price to cash flow20.40x
Earnings yield2.61%
Dividend yield1.23%
P/E, 3-year average64.67x
P/B, 3-year average5.89x
P/E, 5-year average89.04x
P/B, 5-year average8.84x
Profitability
Operating margin (excl. other income)13.94%
Operating margin (incl. other income)15.65%
EBITDA margin15.64%
Pre-tax margin9.10%
Net profit margin6.73%
Net margin, latest quarter7.79%
ROE8.33%
ROCE11.18%
ROA6.28%
ROE, 3-year average9.01%
ROCE, 3-year average12.05%
ROA, 3-year average6.73%
ROE, 5-year average9.91%
ROCE, 5-year average13.17%
ROA, 5-year average7.35%
ROIC (approx.)8.39%
Tax rate25.76%
Other income / net worth2.09%
Growth
Sales growth (latest year)-3.13%
Profit growth (latest year)5.25%
Sales CAGR, 3 years-0.98%
Sales CAGR, 5 years2.75%
Profit CAGR, 3 years5.09%
Profit CAGR, 5 years-9.27%
Sales growth QoQ-6.13%
Profit growth QoQ-18.81%
Sales growth YoY (latest quarter)7.73%
Profit growth YoY (latest quarter)12.35%
Per share
EPS (TTM)Rs 7.44
EPS (latest year)Rs 7.20
EPS (latest quarter)Rs 2.21
EPS, 3-year averageRs 7.37
EPS, 5-year averageRs 7.53
Book value per shareRs 88.63
Sales per shareRs 110.58
Cash flow per shareRs 13.99
Free cash flow per shareRs 8.56
Dividend per share (latest year)Rs 3.50
Dividend per share, 3-year averageRs 3.17
Dividend per share, 5-year averageRs 2.90
Dividends
Dividend payout48.60%
Dividend payout, 3-year average43.23%
Dividend payout, 5-year average39.34%
Efficiency
Asset turnover0.92x
Fixed asset turnover1.98x
Inventory turnover2.84x
Inventory days129 days
Debtor days40 days
Debtors turnover9.04x
Creditor days87 days
Cash conversion cycle138 days
Working capital days63 days
Leverage
Total debtRs 233 Cr
Cash and bankRs 24 Cr
Net debtRs 208 Cr
Debt to equity0.11x
Net debt / EBITDA0.48x
Interest coverage12.28x
Current ratio (filing 2026-03-31)2.33x
Quick ratio (filing 2026-03-31)1.24x
Trade payables (filing 2026-03-31)Rs 263 Cr
Owners' fund to total sources74.82%
Debt to assets7.89%
Cash flow
Cash from Operating Activity (latest year)Rs 348 Cr
Cash from Investing Activity (latest year)Rs -206 Cr
Cash from Financing Activity (latest year)Rs -146 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 213 Cr
FCFE (approx.: FCF + change in debt)Rs 233 Cr
Cash from ops / profit, 5 years1.54x
Sales to cash flow7.76x
Statement figures
Net sales (TTM)Rs 2,753 Cr
Net sales (latest year)Rs 2,702 Cr
Sales (latest quarter)Rs 705 Cr
Operating profit excl. other income (latest year)Rs 377 Cr
Operating profit (latest quarter)Rs 108 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 431 Cr
PBDT (TTM)Rs 408 Cr
Profit before tax (TTM)Rs 251 Cr
Tax (latest year)Rs 62 Cr
Net profit (TTM)Rs 185 Cr
Net profit (latest year)Rs 179 Cr
Net profit (latest quarter)Rs 55 Cr
Depreciation (TTM)Rs 158 Cr
Depreciation (latest quarter)Rs 40 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 1,579 Cr
Total expenditure (latest year)Rs 2,326 Cr
Total income (latest year)Rs 2,748 Cr
Share capitalRs 25 Cr
ReservesRs 2,181 Cr
Shareholders' fundsRs 2,206 Cr
Total assetsRs 2,949 Cr
Net blockRs 1,365 Cr
Capital work in progressRs 97 Cr
InvestmentsRs 436 Cr
ReceivablesRs 299 Cr
InventoryRs 557 Cr
Other liabilitiesRs 510 Cr
Shares outstanding (crore)24.89
Ownership
Promoter holding71.27% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.3 is at the 1th percentile of its own 9.4-year range (median 77.5, low 35.3, high 152.5).
P/B 3.22 is at the 1th percentile (median 12.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRELAXONifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month-20.6%-6.8% -13.8 pts
3 months-28.2%-7.6% -20.5 pts
6 months+19.9%+0.4% +19.5 pts
1 year-34.6%-9.9% -24.7 pts
2 years-65.3%-13.6% -51.7 pts
3 years-68.3%+14.2% -82.5 pts
5 years-75.6%+27.9% -103.5 pts
14 mutual fund schemes hold about ₹833 Cr. Over three months 11 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Small Cap Fund1.12%480 +31%
SBI Large & Midcap Fund0.65%275 +18%
SBI Children's Fund-Investment Plan0.68%52 -11%
SBI Consumption Opp Fund0.37%10 +26%
ICICI Pru Bharat Consumption Fund0.26%8 +8%
Motilal Oswal Nifty Microcap 250 Index Fund0.27%7 +15%
SBI Children's Fund-Savings Plan0.35%1 +19%
Groww Nifty Total Market Index Fund0.01%0 +19%
UTI Multi Asset Allocation Fund0.00%0
Angel One Nifty Total Market Index Fund0.01%0 +19%
Mirae Asset Nifty Total Market Index Fund0.01%0 +19%
Bandhan Nifty Total Market Index Fund0.01%0 +19%
Motilal Oswal BSE 1000 Index Fund0.01%0 +19%
SBI Multicap Fund0.00%0 -100%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹705 Cr +7.8% vs Jun 2025. Net profit ₹55 Cr +12.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 3.50 Per Share
2025-08-21Dividend - Rs 3 Per Share
2024-08-22Dividend - Rs 3 Per Share
2023-08-17Annual General Meeting/Dividend - Rs 2.50 Per Share
2022-08-17Dividend - Rs 2.50 Per Share
2021-08-17 Dividend - Rs 2.50 Per Share
2021-08-17 Annual General Meeting
2020-09-16 Annual General Meeting
2020-03-11 Interim Dividend - Rs 1.25 Per Share
2019-09-18 Annual General Meeting/Dividend - Rs 0.90 Per Share
2019-06-26 Bonus 1:10.5000
2018-09-18 Annual General Meeting/Dividend Rs 1.50 Per Share
2016-09-07 Annual General Meeting/Dividend - Re 0.60/- Per Share
2015-09-15 Annual General Meeting/Dividend Re 0.50 Per Share
2015-07-01Bonus 1:10.5000
2014-09-10Annual General Meeting / Dividend - Re 0.50/- Per Share
2013-11-22Face Value Split From Rs.5/- To Re.1/-0.2000
2013-09-11Annual General Meeting And Dividend Rs.2/- Per Share
2012-09-07Annual General Meeting/Dividend Rs.1.50 Per Share
2011-09-12Dividend Re 1 Per Share
DateTypeWhat it says
2026-09-30ResignationResignation of Director/KMP/SMP
2026-09-30Change in ManagementChange in Management
2026-09-30ResignationResignation of Mr Ankit Jain as Company Secretary & Compliance Officer of the company w.e.f. November 03, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Relaxo Footwears Ltd?

Relaxo Footwears Ltd (RELAXO) has a market capitalisation of Rs 7,257 Cr. at the 2026-10-01 close.

What is the P/E ratio of Relaxo Footwears Ltd?

Relaxo Footwears Ltd trades at a P/E of 39.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Relaxo Footwears Ltd's latest quarterly results?

In the Jun 2026 quarter, Relaxo Footwears Ltd sales was Rs 705 Cr (+7.8% vs Jun 2025) and net profit was Rs 55 Cr.

What is the 52-week high and low of Relaxo Footwears Ltd?

The 52-week high is Rs 454.75 and the 52-week low is Rs 236.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03