RELAXO FOOTWEARS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 826.1 INR | -0.32% |
|
-0.57% | -8.52% |
| Apr. 18 | Relaxo Footwears Limited Announces Resignation of Ashish Bansal from the Position of General Manager - Internal Auditor | CI |
| Mar. 29 | Relaxo Footwears Limited Announces Board Changes | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 96,133 | 148,253 | 217,176 | 265,156 | 211,324 | 205,648 | - | - |
| Enterprise Value (EV) 1 | 96,546 | 149,597 | 218,250 | 262,937 | 208,128 | 201,464 | 200,092 | 198,038 |
| P/E ratio | 54.8 x | 65.6 x | 74.6 x | 114 x | 137 x | 102 x | 70.9 x | 56.1 x |
| Yield | 0.23% | 0.21% | 0.29% | 0.23% | 0.29% | 0.31% | 0.39% | 0.58% |
| Capitalization / Revenue | 4.19 x | 6.15 x | 9.21 x | 9.99 x | 7.59 x | 6.89 x | 5.95 x | 5.19 x |
| EV / Revenue | 4.21 x | 6.21 x | 9.25 x | 9.91 x | 7.48 x | 6.75 x | 5.79 x | 5 x |
| EV / EBITDA | 29.8 x | 36.6 x | 44 x | 63.2 x | 62 x | 49.7 x | 37.7 x | 31 x |
| EV / FCF | 311 x | 73.8 x | 56 x | -315 x | 96.9 x | 74.4 x | 71.1 x | 54 x |
| FCF Yield | 0.32% | 1.36% | 1.79% | -0.32% | 1.03% | 1.34% | 1.41% | 1.85% |
| Price to Book | 8.7 x | 11.6 x | 13.8 x | 15.1 x | 11.4 x | 10.4 x | 9.45 x | 8.55 x |
| Nbr of stocks (in thousands) | 248,102 | 248,246 | 248,442 | 248,926 | 248,939 | 248,939 | - | - |
| Reference price 2 | 387.5 | 597.2 | 874.2 | 1,065 | 848.9 | 826.1 | 826.1 | 826.1 |
| Announcement Date | 5/10/19 | 6/6/20 | 5/20/21 | 5/11/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,921 | 24,105 | 23,592 | 26,533 | 27,828 | 29,866 | 34,567 | 39,603 |
| EBITDA 1 | 3,243 | 4,090 | 4,955 | 4,158 | 3,358 | 4,057 | 5,307 | 6,389 |
| EBIT 1 | 2,619 | 2,995 | 3,855 | 3,022 | 2,107 | 2,683 | 3,796 | 4,753 |
| Operating Margin | 11.43% | 12.43% | 16.34% | 11.39% | 7.57% | 8.98% | 10.98% | 12% |
| Earnings before Tax (EBT) 1 | 2,680 | 2,917 | 3,912 | 3,106 | 2,100 | 2,696 | 3,871 | 4,898 |
| Net income 1 | 1,754 | 2,262 | 2,916 | 2,327 | 1,545 | 2,014 | 2,890 | 3,653 |
| Net margin | 7.65% | 9.39% | 12.36% | 8.77% | 5.55% | 6.74% | 8.36% | 9.23% |
| EPS 2 | 7.065 | 9.100 | 11.72 | 9.350 | 6.210 | 8.116 | 11.65 | 14.73 |
| Free Cash Flow 1 | 310.6 | 2,028 | 3,898 | -835.2 | 2,149 | 2,709 | 2,813 | 3,667 |
| FCF margin | 1.36% | 8.41% | 16.52% | -3.15% | 7.72% | 9.07% | 8.14% | 9.26% |
| FCF Conversion (EBITDA) | 9.58% | 49.59% | 78.67% | - | 63.99% | 66.77% | 53.01% | 57.4% |
| FCF Conversion (Net income) | 17.7% | 89.64% | 133.69% | - | 139.11% | 134.48% | 97.36% | 100.37% |
| Dividend per Share 2 | 0.9000 | 1.250 | 2.500 | 2.500 | 2.500 | 2.560 | 3.240 | 4.767 |
| Announcement Date | 5/10/19 | 6/6/20 | 5/20/21 | 5/11/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,720 | 7,477 | 4,971 | 7,144 | 7,435 | 6,982 | 6,672 | 6,696 | 6,810 | 7,649 | 7,388 | 7,343 | 7,430 | 8,030 |
| EBITDA 1 | 1,487 | 1,629 | 661.7 | 1,168 | 1,216 | 1,111 | 861.2 | 594.3 | 722.5 | 1,180 | 1,076 | 985.6 | 1,011 | 1,220 |
| EBIT | - | - | - | - | - | 824.3 | - | - | - | 852.2 | - | - | 856 | 752 |
| Operating Margin | - | - | - | - | - | 11.81% | - | - | - | 11.14% | - | - | 11.52% | 9.36% |
| Earnings before Tax (EBT) 1 | 1,209 | 1,376 | 402.5 | 919.4 | 939.7 | 844.4 | 535.8 | 304.4 | 405.8 | 854.1 | 757.7 | 576 | 583.5 | 957.3 |
| Net income 1 | 900.7 | 1,022 | 309.6 | 686.9 | 701 | 629.3 | 386.7 | 224 | 301 | 633 | 563.2 | 461.5 | 504.8 | 661.6 |
| Net margin | 13.4% | 13.66% | 6.23% | 9.61% | 9.43% | 9.01% | 5.8% | 3.35% | 4.42% | 8.28% | 7.62% | 6.29% | 6.79% | 8.24% |
| EPS 2 | 3.630 | 4.100 | 1.240 | 2.760 | 2.820 | 2.530 | 1.550 | 0.9000 | 1.210 | 2.550 | 2.260 | 1.933 | 2.300 | 2.500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/30/21 | 5/20/21 | 7/31/21 | 11/1/21 | 1/29/22 | 5/11/22 | 7/26/22 | 11/2/22 | 2/4/23 | 5/10/23 | 7/24/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 413 | 1,344 | 1,075 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 2,219 | 3,196 | 4,184 | 5,557 | 7,611 |
| Leverage (Debt/EBITDA) | 0.1274 x | 0.3287 x | 0.2169 x | - | - | - | - | - |
| Free Cash Flow 1 | 311 | 2,028 | 3,898 | -835 | 2,149 | 2,709 | 2,813 | 3,667 |
| ROE (net income / shareholders' equity) | 18.8% | 19% | 20.5% | 14% | 8.55% | 10.7% | 14% | 15.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | 6.33% | 8.2% | 10.8% | 12% |
| Assets 1 | - | - | - | - | 24,387 | 24,565 | 26,755 | 30,445 |
| Book Value Per Share 2 | 44.60 | 51.30 | 63.30 | 70.70 | 74.50 | 79.50 | 87.50 | 96.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 924 | 1,161 | 1,233 | 1,395 | 1,852 | 1,011 | 964 | 1,070 |
| Capex / Sales | 4.03% | 4.82% | 5.23% | 5.26% | 6.65% | 3.38% | 2.79% | 2.7% |
| Announcement Date | 5/10/19 | 6/6/20 | 5/20/21 | 5/11/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.52% | 2.47B | |
| +26.02% | 21.62B | |
| +27.60% | 10.83B | |
| +7.64% | 10.48B | |
| -8.06% | 8.41B | |
| +33.05% | 7.54B | |
| -11.38% | 7.23B | |
| +16.18% | 3.28B | |
| +60.65% | 2.87B | |
| -18.94% | 2.06B |
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