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5305

Relaxo Footwears BSE:530517 Stock Report

Last Price

₹1.02k

Market Cap

₹253.4b

7D

-6.1%

1Y

11.9%

Updated

16 May, 2022

Data

Company Financials
530517 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

530517 Stock Overview

Relaxo Footwears Limited manufactures and sells footwear for men, women, and children in India and internationally.

Risk Analysis

High level of non-cash earnings


Relaxo Footwears Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Relaxo Footwears
Historical stock prices
Current Share Price₹1,017.85
52 Week High₹1,447.00
52 Week Low₹900.85
Beta0.33
1 Month Change-10.01%
3 Month Change-19.82%
1 Year Change11.92%
3 Year Change146.81%
5 Year Change327.00%
Change since IPO162,756.00%

Recent News & Updates

Shareholder Returns

530517IN LuxuryIN Market
7D-6.1%-3.8%-3.2%
1Y11.9%41.4%9.0%

Return vs Industry: 530517 underperformed the Indian Luxury industry which returned 41.4% over the past year.

Return vs Market: 530517 exceeded the Indian Market which returned 9.7% over the past year.

Price Volatility

Is 530517's price volatile compared to industry and market?
530517 volatility
530517 Average Weekly Movement4.0%
Luxury Industry Average Movement7.9%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.0%
10% least volatile stocks in IN Market4.7%

Stable Share Price: 530517 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 530517's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19768,229Ramesh Duahttps://www.relaxofootwear.com

Relaxo Footwears Limited manufactures and sells footwear for men, women, and children in India and internationally. It offers canvas and sports, athleisure, walking, formal, and training and gym shoes, as well as rubber/EVA/PU slippers, sandals, flip flops, casuals, belles, and clogs. The company also provides footwear accessories.

Relaxo Footwears Fundamentals Summary

How do Relaxo Footwears's earnings and revenue compare to its market cap?
530517 fundamental statistics
Market Cap₹253.37b
Earnings (TTM)₹2.33b
Revenue (TTM)₹26.53b

108.9x

P/E Ratio

9.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
530517 income statement (TTM)
Revenue₹26.53b
Cost of Revenue₹12.17b
Gross Profit₹14.37b
Other Expenses₹12.04b
Earnings₹2.33b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.35
Gross Margin54.14%
Net Profit Margin8.77%
Debt/Equity Ratio1.1%

How did 530517 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is Relaxo Footwears undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


108.89x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 530517 (₹1017.85) is trading above our estimate of fair value (₹33.83)

Significantly Below Fair Value: 530517 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 530517 is poor value based on its PE Ratio (108.9x) compared to the Indian Luxury industry average (12.4x).

PE vs Market: 530517 is poor value based on its PE Ratio (108.9x) compared to the Indian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 530517's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530517 is overvalued based on its PB Ratio (14.4x) compared to the IN Luxury industry average (1.2x).


Future Growth

How is Relaxo Footwears forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.4%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Relaxo Footwears has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Relaxo Footwears performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 530517 has a high level of non-cash earnings.

Growing Profit Margin: 530517's current net profit margins (8.8%) are lower than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: 530517's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: 530517's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 530517 had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Luxury industry average (107.4%).


Return on Equity

High ROE: 530517's Return on Equity (13.2%) is considered low.


Financial Health

How is Relaxo Footwears's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 530517's short term assets (₹11.9B) exceed its short term liabilities (₹4.6B).

Long Term Liabilities: 530517's short term assets (₹11.9B) exceed its long term liabilities (₹1.6B).


Debt to Equity History and Analysis

Debt Level: 530517 has more cash than its total debt.

Reducing Debt: 530517's debt to equity ratio has reduced from 29.4% to 1.1% over the past 5 years.

Debt Coverage: 530517's debt is well covered by operating cash flow (280%).

Interest Coverage: 530517's interest payments on its debt are well covered by EBIT (19.7x coverage).


Balance Sheet


Dividend

What is Relaxo Footwears's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.24%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 530517's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.37%).

High Dividend: 530517's dividend (0.25%) is low compared to the top 25% of dividend payers in the Indian market (1.64%).


Stability and Growth of Payments

Stable Dividend: 530517's dividends per share have been stable in the past 10 years.

Growing Dividend: 530517's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.7%), 530517's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 530517 is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.1yrs

Average management tenure


CEO

Ramesh Dua (67 yo)

8.08yrs

Tenure

₹204,200,000

Compensation

Mr. Ramesh Kumar Dua serves as the Managing Director of Relaxo Footwears Limited since April 1, 2014 and serves as its Director. Mr. Dua serves as Director of Relaxo Rubber Private Limited, Marvel Polymers...


CEO Compensation Analysis

Compensation vs Market: Ramesh's total compensation ($USD2.64M) is above average for companies of similar size in the Indian market ($USD610.65K).

Compensation vs Earnings: Ramesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 530517's management team is seasoned and experienced (8.1 years average tenure).


Board Members

Experienced Board: 530517's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Relaxo Footwears Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Relaxo Footwears Limited
  • Ticker: 530517
  • Exchange: BSE
  • Founded: 1976
  • Industry: Footwear
  • Sector: Consumer Durables
  • Implied Market Cap: ₹253.369b
  • Shares outstanding: 248.93m
  • Website: https://www.relaxofootwear.com

Number of Employees


Location

  • Relaxo Footwears Limited
  • Aggarwal City Square
  • Plot No. 10
  • New Delhi
  • Delhi
  • 110085
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.