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Relaxo Footwears Ltd

Updated on November 29, 2019

Stock/Share Code - RELAXO

Relaxo Footwears is a market leader in the Footwear Industry. The company has 'state of the art' manufacturing facilities at Bahadurgarh (Haryana), Bhiwadi (Rajasthan) and Haridwar (Uttarakhand).

Below is the details of RELAXO Relaxo Footwears Ltd

Market Cap₹14,541 Cr.
Current Price ₹589.8 as on 4 Dec 19
52 Week High / Low Price₹629 / ₹343.5
Face Value₹1
Stock P/E69.14
Book Value₹48.34
Dividend Yield0.15 %
ROCE25.69 %
ROE18.73 %
Sales Growth (3yrs)11.18 %
SectorLeather
IndustryLeather / Leather Products
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros:
Cons: Stock is trading at 12.12 times its book value Company might be capitalizing the interest cost

Relaxo Footwears Ltd Price Chart

Relaxo Footwears Ltd Price Chart

Relaxo Footwears Ltd Peer Comparison in Leather

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bata India ₹1,676.55 57.52 ₹20,937.78 Cr. 0.38 ₹71.3 Cr. 29.97 7.26 721.96 30.72
2. Relaxo Footwear 69.14 ₹14,541.03 Cr. 0.15 ₹70.54 Cr. 78.76 14.48 621.77 25.69
3. Mirza Internatio ₹55.8 20.25 ₹682.74 Cr. 1.59 ₹9.56 Cr. -40.66 3.47 306.04 12.03
4. Sreeleathers ₹176.4 15.36 ₹441.31 Cr. 0.00 ₹9.3 Cr. 11.78 8.19 52.56 13.52
5. Khadim India ₹182.65 47.93 ₹335.49 Cr. 0.54 -₹1.52 Cr. -117.69 -1.59 222.82 12.76
6. Liberty Shoes ₹131.05 41.19 ₹221.61 Cr. 0.00 ₹5.61 Cr. -79.80 -19.83 133.78 10.00
7. Bhartiya Intl. ₹163.4 9.77 ₹201.08 Cr. 0.73 ₹11.4 Cr. 7.04 0.56 246.50 8.57

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Relaxo Footwears Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales366470483460457550562543551636648622
YOY Sales Growth %-5.56%-3.08%19.19%17.88%24.83%17.17%16.36%18.11%20.61%15.51%15.36%14.48%
Expenses315412412398385453479470479540542517
Material Cost %43.64%47.57%45.76%45.02%43.19%46.8%46.36%46.77%47.2%46.81%45.9%43.68%
Employee Cost %10.82%10.22%10.04%11.35%12.74%10.03%11.54%11.42%11.76%10.53%11.17%11.61%
Operating Profit51577162729883747395106105
OPM %14%12%15%13%16%18%15%14%13%15%16%17%
Other Income261121263112
Interest432222212254
Depreciation131313141414141617162728
Profit before tax364756485882696357797674
Tax %32%33%33%33%34%35%34%37%37%31%35%5%
Net Profit243237323853463936545071
EPS in Rs1.011.321.551.331.592.231.911.641.432.202.012.84
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales3064075546768459811,1801,4411,6681,6311,9412,2922,457
Sales Growth %29.56%33.3%35.89%22.14%24.9%16.13%20.23%22.15%15.75%-2.19%19%18.08%%
Expenses2673564636047508711,0321,2401,4281,4001,6391,9682,078
Material Cost %53.62%53.53%52.39%55.54%54.36%47.85%46.73%38.68%42.45%44.5%45.49%46.78%%
Manufacturing Cost %13.66%12.22%5.91%6.42%8.7%10.99%12.15%19.24%13.34%12.93%12.38%13.62%%
Employee Cost %7.89%8.2%10%11.01%9.75%11.34%9.71%9.33%9.64%10.85%11.03%11.28%%
Other Cost %12.13%13.43%15.31%16.34%15.96%18.63%18.87%18.82%20.19%17.56%15.53%14.16%%
Operating Profit3951917295110148201240231302324379
OPM %13%13%16%11%11%11%13%14%14%14%16%14%15%
Other Income124001208144137
Interest141926161918231823159713
Depreciation9101521232631404751546287
Profit before tax17245436536896143178178244268286
Tax %37%41%30%25%25%34%31%28%32%33%34%35%
Net Profit11143827404566103120120161175210
EPS in Rs0.430.591.561.101.651.850.550.854.954.996.707.088.48
Dividend Payout %9%6%5%7%5%5%5%6%6%10%11%13%

Compounded Sales Growth

  • 10 Years:: 18.85%
  • 5 Years:: 14.21%
  • 3 Years:: 11.18%
  • TTM:: 16.31%

Compounded Profit Growth

  • 10 Years:: 28.28%
  • 5 Years:: 21.43%
  • 3 Years:: 13.98%
  • TTM:: 18.79%

Return on Equity

  • 10 Years:: 51.30%
  • 5 Years:: 36.65%
  • 3 Years:: 40.81%
  • 1 Year:: 55.88%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital666666661212121225
Equity Capital666666661212.0112.0312.424.81
Reserves55681041291662082713624685947491,0931,175
Borrowings71108147182175225198239236178153112231
Other Liabilities435691127134155191247297307356410374
Trade Payables17.8624.7134.9653.9442.0852.7166.04109.79125.6128.26179.29210.1183.5
Total Liabilities1752393484444815956668541,0141,0911,2711,6281,805
Fixed Assets901402222682713273664725315415258481,000
Gross Block133.39194.11285.54352.9378.51457.2525.59667.79771.23592.34630.031015.12
Accumulated Depreciation43.4253.6463.8184.47107.17130.49159.76196.08240.751.32105.17166.98
CWIP201971212424228621381123
Investments0000000001100
Other Assets6580119175189245276380455487608768781
Inventories36.8139.8167.16116.59128.5159.44164248.68285.84290.21313.93401.54394.02
Trade receivables15.6319.7320.8623.2422.9635.9668.2282.08108.69123.18173.45196.59193.52
Cash Equivalents4.152.731.042.141.052.975.664.492.373.6542.223.18
Loans n Advances8.3817.430.4321.2423.2830.7925.0232.5838.4750.6690.9142.7734.45
Other Assets etc00011.3912.7515.4713.1112.1319.2219.4725.4524.71155.96
Total Assets1752393484444815956668541,0141,0911,2711,6281,805

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity314172447354125107159180154123
Profit from operations40.3953.4695.1672.8795.82110.83149.35201.67243.93244.99307.54341.58
Working Capital Changes-2.1-4.76-15.28-20.84-14.18-35.933.12-56.59-30.24-6.13-73.21-131.85
Taxes paid-7.7-7.65-8.02-8.33-8.93-20.89-27.59-37.59-54.26-58.66-80.08-86.26
Cash from Investing Activity-27-59-85-63-47-82-70-130-130-89-108-56
Fixed Assets Purchased-26.81-59.36-92.48-62.66-48.83-83.78-71.1-131.29-134.79-90.33-108.98-92.41
Fixed Assets Sold0.130.067.670.081.771.040.531.110.360.290.281.01
Investments purchased00000000-0.5000
Investments sold0000000.290.164.420.010.532.05
Cash from Financing Activity-3171120-2729-5121-31-89-46-68
Proceeds from Shares000000000.550.010.020.01
Proceeds from Borrowings11.3836.938.5137.9900076.670025.9220.75
Repayment of Borrowings0000-6.7400-35.6400-47.65-62.33
Interest Paid-13.79-19.11-25.55-15.91-18.67-17.7-22.66-16.39-21.63-20.16-14.64-8.07
Dividends Paid-1.05-1.05-1.75-2.09-1.39-1.8-2.39-2.99-5.99-8.67-14.46-21.76
Net Cash Flow1-1-21-114-1-21-0-1

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %26%28%36%18%22%22%26%30%30%26%30%26%
Debtor Days191814131013212124283331
Inventory Turnover10.3310.6410.357.366.896.817.296.986.245.666.436.41

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.