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    Relaxo Footwears Limited

    India's largest footwear manufacturer, making Hawai/rubber slippers to sports and casual shoes under Relaxo, Sparx, Flite and Bahamas.

    Consumer Durables
    Consumer Discretionary
    View RELAXO earnings calls
    ₹439.95
    +27.20% from avg

    Overview

    Price

    ₹439.95

    Market Cap

    ₹10.0k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2525252525252525
    Reserves1.2k1.5k1.7k1.8k2.0k2.1k2.1k2.2k
    Borrowings139144174164205213215233
    Other Liabilities430459448476508452545510
    Total Liabilities1.8k2.2k2.4k2.5k2.7k2.8k2.9k2.9k
    AssetsFixed Assets9819389871.1k1.4k1.3k1.3k1.4k
    CWIP461181498933547597
    Investments0338194225108343422436
    Other Assets8147821.1k1.0k1.2k1.0k1.0k1.1k
    Total Assets1.8k2.2k2.4k2.5k2.7k2.8k2.9k2.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating12331951356400235406348
    Cash from Investing-56-116-45315-258-99-262-207
    Cash from Financing-68-203-56-70-138-106-162-146
    SummaryCapital Expenditure
    Free Cash Flow32203391-82216-11291213
    FCF Margin

    Valuation

    Assumptions

    Current — RELAXO
    Price
    ₹440
    EPS (TTM)
    ₹7.20
    PE (TTM)
    61.1
    Profit growth
    5.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (101.4×) and current (61.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹440
    vs
    Fair value · 15% return
    ₹239
    46%Overvalued

    At 5.3% growth and a 61× exit, ₹440 only delivers your return if you pay ₹239. The price is currently baking in 18% growth.

    EPS grows 5.3%/yr for 5 years, then fades to 6% over 2, exits at 61×.

    YearGrowthEPS (₹)
    FY275.3%7.58
    FY285.3%7.98
    FY295.3%8.41
    FY305.3%8.85
    FY315.3%9.32
    FY325.6% ·fade9.85
    FY336.0% ·fade10.44

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Relaxo Footwears Limited

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