50% Sell
Relaxo Foot Share Price
RELAXO
Relaxo Foot Share Price Chart
About Relaxo Foot
Relaxo Foot Financials
Market cap ₹16,414 Crs | Open ₹659.00 | Close ₹659.35 |
Circuit range ₹791.20 - ₹527.50 | Day range ₹628.60 - ₹659.00 | Year range ₹628.60 - ₹949.00 |
Volume 93,328 | Avg. traded ₹637.88 | Revenue (12m) ₹2,887 Crs |
Relaxo Footwears Limited is headquartered in New Delhi. The company was incorporated in 1984 and has been involved in marketing Hawai slippers, lightweight slippers, canvas shoes and PVC footwear. Relaxo started as a private limited company but was converted into a public entity in 1993. The company has a widespread presence in the Indian market. It has exclusive brand stores and the presence of all major e-commerce portals in the country. The company's brands like Relaxo, Sparx, Flite, and Bahamas are among the leaders in their category.
Business operations
Relaxo set up its first facility in Haryana's Bahadurgarh for making Hawai chappals and lightweight slippers. The project was financed by Relaxo's maiden public issue of ₹4.5 crore, a loan of ₹1.5 crore and the company's internal accruals of ₹1.5 crore. The facility was equipped to produce 50,000 pairs of slippers in a day.
In addition to its unit in Bahadurgarh, Relaxo today has manufacturing facilities in Bhiwadi in Rajasthan and Haridwar in Uttarakhand.
Apart from a robust manufacturing and distribution mechanism, the company also invested in advertising, making Relaxo a brand with good recall value among the customers
In 2016, the company focused on creating a back-end infrastructure by improving inventory control and building a flexible supply chain.
Relaxo opened 20 new retail outlets across India and also started its retail operation in Madhya Pradesh, Himachal Pradesh and Chandigarh. The company launched its online shopping mobile application to cater to consumers who prefer online buying. It also started e-wallet payment payment mode at all retail store outlets in the country.
In FY 2018, Relaxo Footwears opened its 300th exclusive retail store. The company opened 8 franchise outlets in the eastern region on an experimental basis. It also launched a vendor portal for the online registration of new vendors. This move helped Relaxo also upgrade existing vendor profiles and update them on new product offerings.
The company opened franchise outlets in Rajasthan and also took the international route with a branch office in Dubai. Relaxo began commercial production at its new plant at Bhiwandi for manufacturing flip-flops.
In 2019, Relaxo Rubber Private Limited (RRPL) and Marvel Polymers Private Limited (MPPL) (Transferor Companies) were merged into the company.
Relaxo Footwear Ltd's market capitalisation stood at nearly ₹22,500 crore as of December 29, 2023. Relaxo share price has surged 13% in the last three years.
Financial highlights
- The company's total income in FY23 stood at ₹2,801 crore, recording a 4.6% year-on-year growth compared to ₹2,676 crore in FY22.
- Relaxo reported a net profit of ₹154.47 crore in FY23 as against ₹232.68 crore in FY22.
- The company made a capital expenditure of ₹174.35 crore in FY23 as against ₹145.87 crore in FY22.
- The EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹335.78 crore in FY23, as against ₹415.75 crore in the preceding financial year.
- Its basic earnings per share (EPS) slipped to ₹6.21 in FY23 from ₹9.36 in the last financial year.
Relaxo Foot Key indicators
52 week high ₹949.00 | 52 week low ₹628.60 | P/E ratio 90.79 |
P/B ratio 8.53 | ROE 10.42% | ROCE 14.98% |
Dividend yield 0.44% | Debt/Equity ratio 0.01 | EPS 8.05 |
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Analyst ratings:
Sell
Analyst ratings:
Sell8%
Hold
42%
Sell
50%
This analysis is based on the reviews of 12 experts in the last 7 days
Relaxo Foot Fundamentals
Relaxo Foot Financial Ratios
Operating profit margin14.06% | Net profit margin6.44% |
ROE10.42% | ROA7.7% |
ROCE14.98% |
Quick ratio1.25 | Current ratio2.4 |
Interest coverage13.81 | Asset turnover1.2 |
Debt to Equity0.01 |
P/E ratio90.79 | P/B ratio8.53 |
EV / EBITDA46.21 | |
Dividend yield0.44% |
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Revenue statement
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Cash flow
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Balance sheet
All values are in ₹ Crores (Cr)Total assets
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Relaxo Foot Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Nov 19 2024 | ₹666.35 | ₹659.35 | -0.49% |
Mon, Nov 18 2024 | ₹679.95 | ₹662.60 | -2.27% |
Thu, Nov 14 2024 | ₹683.20 | ₹678.00 | -0.85% |
Wed, Nov 13 2024 | ₹698.40 | ₹683.80 | -2.22% |
Tue, Nov 12 2024 | ₹739.45 | ₹699.30 | -5.33% |
Mon, Nov 11 2024 | ₹753.30 | ₹738.65 | -4.11% |
Fri, Nov 8 2024 | ₹782.00 | ₹770.30 | -1.09% |
Thu, Nov 7 2024 | ₹776.00 | ₹778.75 |
Events
Corporate actions
Dividend • ₹2.5/share
Ex date 17 Aug 2023
Dividend • ₹2.5/share
Ex date 17 Aug 2022
Dividend • ₹3/share
Ex date
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