Relaxo is India’s leading footwear manufacturing company, boasting of largest capacity of 10.0 lakh pairs per day. Relaxo is a dominant player in the open footwear space (~76% of sales), with its strong portfolio of brands (‘Flite’, ‘Bahamas’, ‘Sparx’, ‘Relaxo).
Gross margins recovered but EBITDA margins continued to be significantly lower YoY due to negative operating leverage.
Commenting on the results and performance, Ramesh Kumar Dua, Managing Director said: “We have achieved a modest performance during the quarter, both in terms of revenue and profitability, as the market continues to remain challenging. The volume growth in open footwear has significantly contributed to positive momentum. Softening of raw material prices on a YoY basis has contributed to better margins, which was partly offset by increased expenses.
To have a direct connection with consumers and to control discounts, we have started selling products on marketplaces as “Brand As Seller” and on the company’s website. We are initiating direct connect programs with Multiple Brand Outlets by offering direct benefits to retailers. We anticipate that these strategic initiatives will improve our growth going forward.”
| CLIENT NAME | DEAL TYPE | ACTION | DATE | AVG. PRICE | QUANTITY | EXCHANGE |
|---|---|---|---|---|---|---|
| ISHARES CORE MSCI EMERGING MARKETS ETF | Block | Purchase | 2022-10-25 | 981.05 | 156387 | BSE |
| ISHARES MSCI INDIA SMALL-CAP ETF | Block | Purchase | 2022-10-25 | 981.05 | 17089 | BSE |
| ISHARES CORE EMERGING MARKETS MAURITIUS CO | Block | Sell | 2022-10-25 | 981.05 | 156387 | BSE |
| Financials( ₹ in Cr) | Relaxo Footwears Ltd | Metro Brands Ltd | Bata India Ltd | Campus Activewear Ltd | Khadim India Ltd |
|---|---|---|---|---|---|
| Price | 819.85 | 1,074.55 | 1,343.55 | 240.15 | 350.40 |
| % Change | -0.04 | -0.34 | 0.34 | 1.52 | 2.40 |
| Mcap ₹ Cr | 20,409.26 | 29,213.25 | 17,268.38 | 7,330.72 | 629.67 |
| Revenue TTM ₹ Cr | 2,782.77 | 2,127.10 | 3,451.57 | 1,484.25 | 660.26 |
| Net Profit TTM ₹ Cr | 154.47 | 363.35 | 323.00 | 117.12 | 17.48 |
| PE TTM | 100.85 | 89.50 | 59.72 | 91.99 | 65.75 |
| 1 Year Return | 1.42 | 32.18 | -4.64 | -30.97 | 82.31 |
| ROCE | 11.61 | 24.80 | 19.59 | 22.88 | 10.38 |
| ROE | 8.55 | 25.84 | 19.86 | 23.91 | 7.15 |
Equity Capital: 1,855.05 Cr FV: 1.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 24,721.64 | -7,659.83 |
| LAST 3M | 80,167.53 | 39,149.62 |
| LAST 6M | 140,394.95 | 70,735.56 |
| LAST 12M | 215,454.79 | 197,509.84 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 17, 2023 | Dividend | 250 |
| Aug 17, 2022 | Dividend | 250 |
Relaxo Footwears Ltd. is a leading footwear manufacturer in India and ranks among the top 500 most valuable companies in the country. Its product portfolio includes sandals, slippers, and casual and sports shoes. It was incorporated in 1984, with its headquarters in New Delhi. During FY 2021-2022, the company recorded a total revenue of Rs HYPERLINK "https://economictimes.indiatimes.com/relaxo-footwears-ltd/stocks/companyid-7829.cms" 2,676.99 crore, up 12.39% from the previous financial year, 2020-2021. On 29 August 2022, Relaxo Footwears Ltd.’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/leather-products/relaxofootwears/RF07" 24,420 crore.
The company is listed on the Bombay Stock Exchange with the code 530517 and on the National Stock Exchange with the code RELAXO. It is also listed on the MCX Stock Exchange.
Relaxo Footwears Ltd.’s well-known brands include Relaxo, Flite, Sparx, and Bahamas. Relaxo is synonymous with rubber slippers. Flite is recognised for semi-formal and fashionable slippers. Sparx offers sandals, slippers, and sports shoes, while Bahamas offers a colourful range of casual flip-flops.
Relaxo Footwears Ltd.’s shareholding pattern on 30 June 2022 represented a foreign institutional investor stake of 3.15%, a domestic institutional investor stake of 7.06%, a promoter stake of 70.78%, and a public stake of 19%. The leading promoter is Mr Ramesh Kumar Dua with a 23.23% share, followed by Mr Mukund Lal Dua with a 20.14% share. In the June 2022 quarter, FII holdings decreased from 3.22% to 3.15%, while mutual funds increased holdings from 6.93% to 7.06%.
The company’s board of members includes Mr Ramesh Kumar Dua, Mr Rajeev Rupendra Bhadauria, Mr Vivek Kumar, Mr Kuldip Singh Dhingra, Mr Mukund Lal Dua, Mr Deval Ganguly, Mr Gaurav Dua, Mr Nikhil Dua, Mr Pankaj Shrimali, and Ms Deepa Verma. The auditors of the company are B R Maheshwari & Co. LLP. The company had a total of 24.89 crore shares outstanding as of 30 June 2022.
On 29 August 2022, Relaxo Footwears Ltd.’s share price closed at Rs 983.50 on BSE. It closed at Rs 981.05 on NSE. The 52-week high for Relaxo Footwears Ltd.’s share price was Rs 1,448, and the 52-week low for the company’s share price was Rs 925. Over one year, Relaxo Footwears Ltd.’s share gave its investors a return of -15.80%.
The company’s peers include Bata India Ltd., Metro Brands Ltd., Campus Activewear Ltd., and Mirza International Ltd.
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Aggarwal City Square Plot-10, Manglam Place Sec-3 Rohini, Delhi, Delhi, 110085
| Tel | : | 91-011-46800600/46800700 |
| : | cs:relaxofootwear.com | |
| Website | : | http://www.relaxofootwear.com |
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| AGM Date (Month) | : | Aug |
| Face Value Equity Shares | : | 1 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 530517 |
| NSE Code | : | RELAXO |
| Book Closure Date (Month) | : | Aug |
| BSE Group | : | A |
| ISIN | : | INE131B01039 |
FAQ’s on Relaxo Footwears Ltd SharesYou can buy Relaxo Footwears Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Relaxo Footwears Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Apr 18, 2024 03:57 PM the closing price of Relaxo Footwears Ltd was ₹ 819.85.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 18, 2024 03:57 PM, the market cap of Relaxo Footwears Ltd stood at ₹ 20,409.26.
The latest PE ratio of Relaxo Footwears Ltd as of Apr 18, 2024 03:57 PM is 100.85
The latest PB ratio of Relaxo Footwears Ltd as of Apr 18, 2024 03:57 PM is 0.09
The 52-week high of Relaxo Footwears Ltd share price is ₹ 974.00 while the 52-week low is ₹ 762.45
According to analyst recommendations, Relaxo Footwears Ltd Share has a “Buy” rating for the long term.
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