Relaxo Footwears Limited

NSEI:RELAXO Stock Report

Market Cap: ₹149.9b

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.

Discounted Cash Flow
Simply Wall St
₹186.05
Fair Value
223.7% overvalued intrinsic discount
15
Number of Analysts

Below Fair Value: RELAXO (₹602.3) is trading above our estimate of fair value (₹186.05)

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 Ratio82.8x
Earnings₹1.81b
Market Cap₹149.95b

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 Average73.6x
500043 Bata India
52.7x10.6%₹183.3b
CAMPUS Campus Activewear
89.4x28.5%₹87.0b
LIBERTSHOE Liberty Shoes
75xn/a₹8.1b
532829 Lehar Footwears
77.3xn/a₹4.6b
RELAXO Relaxo Footwears
82.8x23.5%₹149.9b

Price-To-Earnings vs Peers: RELAXO is expensive based on its Price-To-Earnings Ratio (82.8x) compared to the peer average (73.6x).

Price to Earnings Ratio vs Industry

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

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOMDYEING Bombay Dyeing and Manufacturing
1xn/aUS$399.63m
503804 Shri Dinesh Mills
4.6xn/aUS$25.34m
INDIANCARD Indian Card Clothing
2.2xn/aUS$19.39m
521034 Soma Textiles & Industries
1.5xn/aUS$15.78m
RELAXO 82.8xIndustry Avg. 28.7xNo. of Companies30PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RELAXO is expensive based on its Price-To-Earnings Ratio (82.8x) compared to the Indian Luxury industry average (28.7x).

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 Ratio82.8x
Fair PE Ratio44.2x

Price-To-Earnings vs Fair Ratio: RELAXO is expensive based on its Price-To-Earnings Ratio (82.8x) compared to the estimated Fair Price-To-Earnings Ratio (44.2x).

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₹602.30
₹714.47
+18.6%
15.0%₹948.00₹542.00n/a15
Jan ’26₹625.25
₹718.20
+14.9%
14.7%₹948.00₹528.00n/a15
Dec ’25₹670.00
₹718.20
+7.2%
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₹633.00₹625.2510
Dec ’24₹915.10
₹907.42
-0.8%
12.2%₹1,080.00₹633.00₹670.0012
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
Analyst Price Target
Consensus Narrative from 15 Analysts
₹714.41
Fair Value
15.7% undervalued intrinsic discount
15
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 18:25
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Relaxo Footwears Limited is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Videesha ShethAmbit Capital
Nitin BhasinAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited