Relaxo Footwears Limited

NSEI:RELAXO Stock Report

Market Cap: ₹162.5b

Relaxo Footwears Valuation

Is RELAXO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RELAXO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RELAXO (₹661.25) is trading above our estimate of fair value (₹185.35)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RELAXO?

Key metric: As RELAXO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RELAXO. This is calculated by dividing RELAXO's market cap by their current earnings.
What is RELAXO's PE Ratio?
PE Ratio90.9x
Earnings₹1.81b
Market Cap₹162.51b

Price to Earnings Ratio vs Peers

How does RELAXO's PE Ratio compare to its peers?

The above table shows the PE ratio for RELAXO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average66.4x
500043 Bata India
50.3x10.7%₹176.0b
CAMPUS Campus Activewear
89.9x29.2%₹84.7b
LIBERTSHOE Liberty Shoes
74.3xn/a₹8.0b
TRIDENT Trident
51.3x42.8%₹163.2b
RELAXO Relaxo Footwears
90.9x23.3%₹162.5b

Price-To-Earnings vs Peers: RELAXO is expensive based on its Price-To-Earnings Ratio (90.9x) compared to the peer average (66.4x).

Price to Earnings Ratio vs Industry

How does RELAXO's PE Ratio compare vs other companies in the IN Luxury Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOMDYEING Bombay Dyeing and Manufacturing
1.3xn/aUS$521.66m
503804 Shri Dinesh Mills
4.7xn/aUS$26.81m
INDIANCARD Indian Card Clothing
2.1xn/aUS$18.57m
521034 Soma Textiles & Industries
2xn/aUS$17.69m
RELAXO 90.9xIndustry Avg. 28.6xNo. of Companies34PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RELAXO is expensive based on its Price-To-Earnings Ratio (90.9x) compared to the Indian Luxury industry average (28.6x).

Price to Earnings Ratio vs Fair Ratio

What is RELAXO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RELAXO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio90.9x
Fair PE Ratio44.5x

Price-To-Earnings vs Fair Ratio: RELAXO is expensive based on its Price-To-Earnings Ratio (90.9x) compared to the estimated Fair Price-To-Earnings Ratio (44.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RELAXO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹661.25
₹718.20
+8.6%
14.7%₹948.00₹528.00n/a15
Nov ’25₹781.55
₹785.43
+0.5%
12.9%₹948.00₹585.00n/a14
Oct ’25₹812.60
₹781.14
-3.9%
12.8%₹948.00₹585.00n/a14
Sep ’25₹796.85
₹783.50
-1.7%
13.2%₹950.00₹585.00n/a14
Aug ’25₹848.10
₹792.50
-6.6%
13.0%₹950.00₹585.00n/a14
Jul ’25₹833.85
₹811.14
-2.7%
11.8%₹950.00₹605.00n/a14
Jun ’25₹789.25
₹811.14
+2.8%
11.8%₹950.00₹605.00n/a14
May ’25₹834.30
₹853.43
+2.3%
11.4%₹993.00₹617.00n/a14
Apr ’25₹822.65
₹852.86
+3.7%
11.8%₹993.00₹599.00n/a14
Mar ’25₹837.75
₹852.42
+1.8%
12.0%₹993.00₹599.00n/a12
Feb ’25₹847.00
₹886.18
+4.6%
13.6%₹1,080.00₹599.00n/a11
Jan ’25₹903.40
₹897.80
-0.6%
13.2%₹1,080.00₹633.00n/a10
Dec ’24₹915.10
₹907.42
-0.8%
12.2%₹1,080.00₹633.00n/a12
Nov ’24₹936.60
₹921.42
-1.6%
12.3%₹1,080.00₹636.00₹781.5512
Oct ’24₹900.65
₹916.00
+1.7%
11.5%₹1,040.00₹636.00₹812.6012
Sep ’24₹924.30
₹911.83
-1.3%
12.0%₹1,040.00₹636.00₹796.8512
Aug ’24₹931.05
₹898.42
-3.5%
11.7%₹1,040.00₹636.00₹848.1012
Jul ’24₹909.00
₹870.45
-4.2%
11.6%₹1,000.00₹637.00₹833.8511
Jun ’24₹900.15
₹870.45
-3.3%
11.6%₹1,000.00₹637.00₹789.2511
May ’24₹843.25
₹842.18
-0.1%
11.9%₹1,015.00₹618.00₹834.3011
Apr ’24₹850.95
₹842.18
-1.0%
11.9%₹1,015.00₹618.00₹822.6511
Mar ’24₹776.50
₹842.18
+8.5%
11.9%₹1,015.00₹618.00₹837.7511
Feb ’24₹811.95
₹920.55
+13.4%
14.9%₹1,175.00₹623.00₹847.0011
Jan ’24₹910.05
₹917.50
+0.8%
14.3%₹1,175.00₹674.00₹903.4010
Dec ’23₹952.40
₹917.50
-3.7%
14.3%₹1,175.00₹674.00₹915.1010
Nov ’23₹972.35
₹999.30
+2.8%
12.8%₹1,175.00₹728.00₹936.6010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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