Relaxo is India’s leading footwear manufacturing company, boasting of largest capacity of 10.0 lakh pairs per day. It is a dominant player in the open footwear space (~80% of sales), with its strong portfolio of brands (‘Flite’, ‘Bahamas’, ‘Sparx’, ‘Relaxo).
Relaxo, over the years, has maintained b/s prudence with controlled working capital cycle, healthy asset turns of 2.5x and generating RoCE of 20%+
Higher inflationary raw material pressure hampered profitability.
Relaxo Footwears announced Q1FY24 results:
Commenting on the results and performance, Ramesh Kumar Dua, Managing Director said: "We are pleased to announce a good performance in the first quarter of FY24, supported by significant growth in both open and closed footwear categories. The decline in raw material prices, coupled with the relentless efforts of our team to ensure the company's adaptability and resilience in challenging market conditions, has led to improved operating efficiency and profitability during the quarter.
Our effective business strategies have enabled us to capitalize on market trends, maintaining a robust position with well-received brands like Sparx, Bahamas, and Flite. Furthermore, all our channels have seen encouraging progress, which will help us deliver positive results consistently.
We continue to prioritize delivering top-quality products through our in-house manufacturing, while our dedicated design team focuses on creating innovative and trendy designs to enhance our brand recognition.
As we move forward, we anticipate further softening of raw material prices in the upcoming quarters, which will further contribute to improving our profit margins."
Equity Capital: 1,855.05 Cr FV: 1.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 15,779.50 | 22,156.90 |
| LAST 3M | 54,802.13 | -2,099.03 |
| LAST 6M | 93,089.45 | 78,838.27 |
| LAST 12M | 161,092.98 | 118,023.38 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 17, 2023 | Dividend | 250 |
| Aug 17, 2022 | Dividend | 250 |
| Aug 17, 2021 | 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.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose
Aggarwal City Square Plot-10, Manglam Place Sec-3 Rohini, Delhi, Delhi, 110085
| Tel | : | 91-011-46800600/46800700 |
| : | rfl:relaxofootwear.com | |
| Website | : | http://www.relaxofootwear.com |
Karvy Computershare Pvt Ltd
| AGM Date (Month) | : | Aug |
| Face Value Equity Shares | : | 1 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 530517 |
| NSE Code | : | RELAXO |
| Book Closure Date (Month) | : | |
| 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 Dec 01, 2023 04:06 PM the closing price of Relaxo Footwears Ltd was ₹ 915.10.
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 Dec 01, 2023 04:06 PM, the market cap of Relaxo Footwears Ltd stood at ₹ 22,780.41.
The latest PE ratio of Relaxo Footwears Ltd as of Dec 01, 2023 04:06 PM is 117.42
The latest PB ratio of Relaxo Footwears Ltd as of Dec 01, 2023 04:06 PM is 0.08
The 52-week high of Relaxo Footwears Ltd is ₹ 974.00 while the 52-week low is ₹ 748.00
According to analyst recommendations, Relaxo Footwears Ltd has a “Buy” rating for the long term.
Download Our App
Invest
