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Relaxo Footwears Ltd share Price Today

Company details

6M Return 1.44%
1Y Return -3.23%
Mkt Cap.(Cr) 22,780.41
Volume 118,841
Div Yield 0.27%
OI Chg %
Volume 118,841

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About The Stock

    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).

    • Market leader in value priced segment selling ~19 crore pairs annually

    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%+

Q4FY22 result


    Higher inflationary raw material pressure hampered profitability.

    •             Revenue de-grew 7% YoY to ₹ 698.2 crore. Volumes declined 26% YoY as calibrated price hikes (up 27% YoY), impacted consumer sentiments
    •             On account of input cost inflation (crude based) and a significantly higher base, EBITDA margins declined 586 bps YoY (44 bps QoQ) to 15.9%
    •             PAT for the quarter declined 38% YoY (down 10% QoQ) to ₹ 62.92 crore

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Relaxo Footwears announced Q1FY24 results:

  • Revenue at Rs 739 crore in Q1FY24 compared to Rs 667 crore in Q1FY23, an increase of 11% YoY. The growth was driven by the strong recovery in volumes across open footwear.
  • EBITDA is at Rs 108 crore in Q1FY24 compared to Rs 86 crore in Q1FY23, a growth of 25% YoY. EBITDA margin stood at 14.6% in Q1FY24 as against 12.9% in Q1FY23 with easing out of the raw material prices in Q1FY24.
  • Profit after Tax at Rs 56 crore in Q1FY24, up 46% YoY, from Rs 39 crore in Q1FY23. PAT Margin stood at 7.6% as compared to 5.8% in Q1FY23, an improvement of 182 bps.

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."



Result PDF

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Investment recommendation
Call Date
06 Feb 2023
Entry Price 775.00
Target Price 745.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Relaxo Footwears Ltd Stocks COMPARISION


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

Relaxo Footwears Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 

Registered Address

Aggarwal City Square Plot-10, Manglam Place Sec-3 Rohini, Delhi, Delhi, 110085

Tel : 91-011-46800600/46800700
Email : 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
Book Closure Date (Month) :
BSE Group : A
ISIN : INE131B01039

FAQ’s on Relaxo Footwears Ltd Shares

You 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.

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