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Indian (NIFTY) Footwear Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies11
  • 7D-6.5%
  • 3M-0.03%
  • 1Y-29.6%
  • YTDn/a

Over the last 7 days, the Footwear industry has dropped 6.5%, driven by Relaxo Footwears declining 12%. However, the industry is down 30% over the past year. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Indian Footwear Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025₹366.5b₹97.6b₹5.6b46.2x65.9x3.8x
Sat, 23 Aug 2025₹359.4b₹97.6b₹5.6b42.3x64.6x3.7x
Mon, 21 Jul 2025₹393.0b₹97.6b₹6.6b47.4x59.9x4x
Wed, 18 Jun 2025₹363.2b₹97.2b₹6.5b49.8x55.8x3.7x
Fri, 16 May 2025₹363.2b₹96.5b₹6.7b59.7x54.3x3.8x
Sun, 13 Apr 2025₹351.9b₹96.7b₹6.7b52.5x52.2x3.6x
Tue, 11 Mar 2025₹355.4b₹96.7b₹6.7b48.3x52.7x3.7x
Thu, 06 Feb 2025₹413.3b₹95.8b₹6.5b67x63.7x4.3x
Sat, 04 Jan 2025₹461.0b₹96.3b₹6.6b66x69.5x4.8x
Mon, 02 Dec 2024₹455.2b₹96.3b₹6.6b61.1x68.6x4.7x
Wed, 30 Oct 2024₹466.8b₹95.9b₹6.4b59.6x72.9x4.9x
Fri, 27 Sep 2024₹515.0b₹95.9b₹6.4b57.7x80.5x5.4x
Sun, 25 Aug 2024₹496.7b₹95.9b₹6.4b63.4x77.6x5.2x
Tue, 23 Jul 2024₹508.6b₹95.6b₹5.9b57.7x86.2x5.3x
Thu, 20 Jun 2024₹494.8b₹95.7b₹5.9b52.6x83.8x5.2x
Sat, 18 May 2024₹475.9b₹95.7b₹5.8b55.2x82.2x5x
Mon, 15 Apr 2024₹473.7b₹95.5b₹5.8b56.5x81.6x5x
Wed, 13 Mar 2024₹474.2b₹95.5b₹5.8b57.5x81.6x5x
Fri, 09 Feb 2024₹492.8b₹95.5b₹6.1b60.9x81.3x5.2x
Sun, 07 Jan 2024₹538.2b₹95.0b₹6.2b61x86.5x5.7x
Tue, 05 Dec 2023₹539.0b₹95.1b₹6.2b55.1x86.8x5.7x
Thu, 02 Nov 2023₹528.7b₹95.5b₹6.5b42.3x81.8x5.5x
Sat, 30 Sep 2023₹534.1b₹95.5b₹6.5b40.7x82.7x5.6x
Mon, 28 Aug 2023₹557.7b₹95.5b₹6.5b38.4x86.2x5.8x
Wed, 26 Jul 2023₹560.3b₹95.7b₹6.6b39.5x84.5x5.9x
Fri, 23 Jun 2023₹553.4b₹95.0b₹6.5b36.2x85.7x5.8x
Sun, 21 May 2023₹536.8b₹106.8b₹7.8b43.9x69.1x5x
Tue, 18 Apr 2023₹499.6b₹106.2b₹7.8b33.6x64.4x4.7x
Thu, 16 Mar 2023₹532.7b₹106.2b₹7.8b29.5x68.6x5x
Sat, 11 Feb 2023₹553.4b₹105.1b₹7.6b29.5x72.7x5.3x
Mon, 09 Jan 2023₹584.7b₹105.6b₹8.0b34.3x73x5.5x
Wed, 07 Dec 2022₹640.3b₹105.6b₹8.0b38.1x79.9x6.1x
Fri, 04 Nov 2022₹700.1b₹101.5b₹8.4b57.3x83x6.9x
Sun, 02 Oct 2022₹706.9b₹101.5b₹8.4b50.6x83.8x7x
Price to Earnings Ratio

83.8x


Total Market Cap: ₹706.9bTotal Earnings: ₹8.4bTotal Revenue: ₹101.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Footwear Industry Price to Earnings3Y Average 73.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Footwear industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 65.9x which is lower than its 3-year average PE of 73.9x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Footwear industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Indian Footwear compare with similar industries?

IN Market-0.91%
Consumer Discretionary-1.09%
Luxury-3.30%
Footwear-6.48%
Textiles-2.21%
Apparel, Accessories and Luxury Goods-3.40%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
526481 Phoenix International₹43.993.7%
+₹26.4m
-42.5%PE45.9x
514412 Sarup Industries₹93.503.9%
+₹11.4m
80.2%PE6.3x
544437 Marc Loire Fashions₹55.601.8%
+₹7.0m
n/aPE8.4x
531680 Mayur Leather Products₹15.545.9%
+₹4.2m
n/aPE2146.7x

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