On 6 Nov 2026, Relaxo Footwears was priced at ₹292.10, or 39.2× trailing earnings, against an industry P/E of 35.5×, and the shares are 36% below their 52-week high. Sales fell 0.9% a year over 3 years while net profit grew 5.1%, with ROCE of 11% and ROE of 8.3%. Debt is 0.11× equity, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹7,271 Cr, ranked 2nd of 27 Footwear & Accessories companies by market cap; the shares fell 33% over the past year.
- ₹294.45
- ₹294.45
- ₹286.40
- ₹291.50
- 59.2K
Health check
- ReturnsIn line
−32.7% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 39.2 vs industry 35.5.
- GrowthSlow
Sales −0.9%, profit +5.1% a year over 3 years.
- ProfitabilityWeak
ROCE 10.8% vs peer median 15.5%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 12.3×.
- Red flags1 to check
36% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,271 Cr
- Small cap
- P/E
- 39.2
- Industry 35.5
- Price to book
- 3.29
- Peers 6.00
- Dividend yield
- 1.20%
- ROE
- 8.3%
- Peers 10.9%
- ROCE
- 10.8%
- Peers 15.5%
- Debt to equity
- 0.11
- Debt ₹233 Cr
- EPS (TTM)
- ₹7.45
- Face value ₹1
- OPM (TTM)
- 13.9%
- Net margin 6.7%
- Sales growth
- +7.7%
- Latest quarter vs a year ago
- Profit growth
- +12.4%
- Latest quarter vs a year ago
- Price to sales
- 2.64
- EV/EBITDA 18.4
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 36% below its 52-week high.
About Relaxo Footwears
Relaxo Footwears Limited engages in the manufacture and sale of footwear and related products for men, women, and kids in India and internationally. The company offers casual, running, athleisure, walking, sneakers, formal, sports, school, and training and gym shoes; and slippers, sandals, flip-flops, slides, chappals, and clogs, as well as footwear accessories. The company also provides wind power generation services. The company provides its products…
- Headquarters
- New Delhi
- Employees
- 7,548
- Sector
- Consumer Cyclical
- ISIN
- INE131B01039
- Website
- relaxofootwear.com
Price range
- Avg volume (3M)
- 2 L
- 1-year return
- minus 32.7%
- From 52-week high
- minus 35.8%
Analyst consensus
Next results expected around 13 Nov 2026
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| SREELSreeleathers | 272.70 | plus 1.28% | 631 | 19.0 | 1.27 | – | 6.7% | 14.9% | – | – | 0.73% | plus 19.3% |
| Median of 7 peers | – | −0.91% | 5,891 | 39.5 | 6.00 | 15.5% | 10.9% | 14.9% | 12.2% | 8.6% | 0.73% | −27.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 654 | 629 | 668 | 751 | 705 | |
| 555 | 547 | 599 | 627 | 597 | |
| 99.5 | 81.2 | 69.4 | 124 | 108 | |
| 15.2% | 12.9% | 10.4% | 16.5% | 15.4% | |
| 11.3 | 12.3 | 11 | 11.7 | 13 | |
| 5.2 | 5.2 | 5.3 | 5.8 | 5.9 | |
| 39.7 | 39.4 | 39.1 | 39.1 | 40.2 | |
| 65.9 | 48.9 | 35.9 | 90.8 | 75.1 | |
| 25.8% | 26.0% | 26.1% | 25.5% | 26.8% | |
| 48.9 | 36.2 | 26.5 | 67.7 | 54.9 | |
| 1.96 | 1.46 | 1.06 | 2.72 | 2.21 |
Profit & loss
- Sales CAGR 3Y
- −0.9%
- Profit CAGR 3Y
- +5.1%
- EPS CAGR 3Y
- +5.1%
- ROE
- 8.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,764 | 2,894 | 2,776 | 2,690 | |
| – | +4.7% | minus 4.1% | minus 3.1% | |
| 2,423 | 2,487 | 2,390 | 2,307 | |
| 341 | 407 | 386 | 383 | |
| 12.3% | 14.1% | 13.9% | 14.2% | |
| 8.4 | 20.6 | 10.8 | 31.6 | |
| 19.1 | 18.7 | 20.5 | 21.5 | |
| 125 | 147 | 158 | 157 | |
| 5 | 8.3 | 11.9 | 5.6 | |
| 210 | 269 | 230 | 241 | |
| 26.4% | 25.6% | 25.9% | 25.8% | |
| 154 | 200 | 170 | 179 | |
| – | +29.8% | minus 15.0% | +5.2% | |
| 6.21 | 8.05 | 6.84 | 7.20 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.9 | 24.9 | 24.9 | 24.9 | |
| 1,830 | 1,976 | 2,073 | 2,181 | |
| 164 | 205 | 213 | 233 | |
| 476 | 508 | 452 | 510 | |
| 2,495 | 2,714 | 2,762 | 2,949 | |
| 1,217 | 1,390 | 1,409 | 1,468 | |
| 97.5 | 41.1 | 53.2 | 112 | |
| 24.7 | 24.8 | 94.9 | 247 | |
| 266 | 169 | 314 | 206 | |
| 890 | 1,089 | 891 | 916 | |
| 2,495 | 2,714 | 2,762 | 2,949 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 400 | 235 | 406 | 348 | |
| −258 | −98.6 | −262 | −207 | |
| −138 | −106 | −162 | −146 | |
| 3.2 | 30.1 | −18 | −4.7 | |
| −185 | −249 | −116 | −137 | |
| 215 | −14.3 | 290 | 211 | |
| −62.2 | −62.2 | −74.7 | −74.7 |
Shareholding pattern
- Promoters71.27%
- Public28.73%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.27% | 28.73% | 0.00 | |
| 30 Jun 2026 | 71.27% | 28.73% | 0.00 | |
| 31 Mar 2026 | 71.27% | 28.73% | 0.00 | |
| 31 Dec 2025 | 71.27% | 28.73% | 0.00 | |
| 30 Sep 2025 | 71.27% | 28.73% | – |
Major shareholders
Filings & events
News
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