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Relaxo Footwears Ltd

Updated on May 16, 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₹9,277 Cr.
Current Price ₹816 as on 22 May 19
52 Week High / Low Price₹874 / ₹598.8
Face Value₹1
Stock P/E53.16
Book Value₹66.72
Dividend Yield0.19 %
ROCE29.63 %
ROE23.51 %
Sales Growth (3yrs)10.74 %
SectorLeather
IndustryLeather / Leather Products
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has a good return on equity (ROE) track record: 3 Years ROE 24.15%
Cons: Stock is trading at 11.21 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 ₹1,384.85 56.44 ₹16,564.63 Cr. 0.31 ₹103.18 Cr. 51.36 15.53 778.70 25.43
2. Relaxo Footwear 53.16 ₹9,276.53 Cr. 0.19 ₹35.62 Cr. -6.71 20.61 551.27 29.63
3. Mirza Internatio ₹51.35 10.72 ₹636.41 Cr. 1.70 ₹7.46 Cr. -64.32 20.94 307.12 19.01
4. Khadim India ₹352.8 21.61 ₹651.76 Cr. 0.28 ₹3.97 Cr. -55.24 -13.77 176.47 21.73
5. Sreeleathers ₹204.4 19.83 ₹543.71 Cr. 0.00 ₹8.09 Cr. 64.77 30.80 42.51 12.77
6. Superhouse Ltd ₹100.35 5.40 ₹123.48 Cr. 0.92 ₹4.22 Cr. 26.35 12.32 150.54 7.37
7. Bhartiya Intl. ₹233.8 15.23 ₹243.94 Cr. 0.58 ₹2.8 Cr. 44.33 32.12 164.48 8.03

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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

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales485405390366470483460457557566543551
YOY Sales Growth %10.01%-10.67%0.98%-5.56%-3.08%19.19%17.88%24.83%18.5%17.29%18.11%20.61%
Expenses419335338315412412398385459484470479
Material Cost %42.03%41.22%45.01%43.64%47.57%45.76%45.02%43.19%46.27%45.99%46.77%47.2%
Employee Cost %9.43%11.38%11.11%10.82%10.22%10.04%11.35%12.74%9.91%11.44%11.42%11.76%
Operating Profit667052515771627298837473
OPM %14%17%13%14%12%15%13%16%18%15%14%13%
Other Income233261121263
Interest654432222212
Depreciation131313131313141414141617
Profit before tax495639364756485882696357
Tax %33%34%31%32%33%33%33%34%35%34%37%37%
Net Profit333727243237323853463936
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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales2363064075546768459811,1801,4411,6681,6311,9572,217
Sales Growth %17.46%29.56%33.3%35.89%22.14%24.9%16.13%20.23%22.15%15.75%-2.19%19.97%%
Expenses2082673564636047508711,0321,2401,4281,4001,6551,891
Material Cost %55.94%53.62%53.53%52.39%55.54%54.36%47.85%46.73%38.68%42.45%44.5%45.12%%
Manufacturing Cost %13.54%13.66%12.22%5.91%6.42%8.7%10.99%12.15%19.24%13.34%12.93%12.28%%
Employee Cost %6.65%7.89%8.2%10%11.01%9.75%11.34%9.71%9.33%9.64%10.85%10.94%%
Other Cost %12.15%12.13%13.43%15.31%16.34%15.96%18.63%18.88%18.83%20.19%17.56%16.22%%
Operating Profit283951917295110148201240231302327
OPM %12%13%13%16%11%11%11%13%14%14%14%15%15%
Other Income112400120814412
Interest101419261619182318231598
Depreciation891015212326314047515460
Profit before tax1117245436536896143178178244271
Tax %43%37%41%30%25%25%34%31%28%32%33%34%
Net Profit611143827404566103120120161174
EPS in Rs0.500.861.173.122.203.303.705.478.489.909.9913.39
Dividend Payout %15%9%6%5%7%5%5%5%6%6%10%11%

Compounded Sales Growth

  • 10 Years:: 20.40%
  • 5 Years:: 14.81%
  • 3 Years:: 10.74%
  • TTM:: 18.61%

Compounded Profit Growth

  • 10 Years:: 30.92%
  • 5 Years:: 29.10%
  • 3 Years:: 15.97%
  • TTM:: 25.28%

Return on Equity

  • 10 Years:: 25.72%
  • 5 Years:: 25.60%
  • 3 Years:: 24.15%
  • TTM:: 23.51%

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital66666666612121212
Equity Capital6666666661212.0112.03
Reserves455568104129166208271362468594749816
Borrowings607110814718217522519823923617815378
Other Liabilities32435691127134155191247297307375406
Trade Payables12.3217.8624.7134.9653.9442.0852.7166.04109.79125.6128.26179.29168.16
Total Liabilities1431752393484444815956668541,0141,0911,2901,312
Fixed Assets7690140222268271327366472531541525655
Gross Block110.57133.39194.11285.54352.9378.51457.2525.59667.79771.23592.34630.03
Accumulated Depreciation34.2443.4253.6463.8184.47107.17130.49159.76196.08240.751.32105.17
CWIP172019712124242286213812
Investments0000000000111
Other Assets496580119175189245276380455487627644
Inventories22.3736.8139.8167.16116.59128.5159.44164248.68285.84290.21313.93330.84
Trade receivables15.1615.6319.7320.8623.2422.9635.9668.2282.08108.69123.18192.35177.69
Cash Equivalents3.64.152.731.042.141.052.975.664.492.373.6542.22
Loans n Advances8.218.3817.430.4321.2423.2830.7925.0232.5838.4750.6690.918.65
Total Assets1431752393484444815956668541,0141,0911,2901,312

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity21314172447354125107159180154
Profit from operations28.840.3953.4695.1672.8795.82110.83149.35201.67243.93244.99307.54
Working Capital Changes-6.41-2.1-4.76-15.28-20.84-14.18-35.933.12-56.59-30.24-6.13-73.21
Taxes paid-1.85-7.7-7.65-8.02-8.33-8.93-20.89-27.59-37.59-54.26-58.66-80.08
Cash from Investing Activity-26-27-59-85-63-47-82-70-130-130-89-108
Fixed Assets Purchased-27.23-26.81-59.36-92.48-62.66-48.83-83.78-71.1-131.29-134.79-90.33-108.98
Fixed Assets Sold1.370.130.067.670.081.771.040.531.110.360.290.28
Investments purchased000000000-0.500
Investments sold00000000.290.164.420.010.5
Cash from Financing Activity6-3171120-2729-5121-31-89-46
Proceeds from Shares0000000000.550.010.02
Proceeds from Borrowings16.9811.3836.938.5137.9900076.67000
Repayment of Borrowings00000-6.7400-35.64000
Interest Paid-9.52-13.79-19.11-25.55-15.91-18.67-17.7-22.66-16.39-21.63-20.16-14.64
Dividends Paid-1.03-1.05-1.05-1.75-2.09-1.39-1.8-2.39-2.99-5.99-8.67-14.46
Net Cash Flow11-1-21-114-1-21-0

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %20%26%28%36%18%22%22%26%30%30%26%30%
Debtor Days231918141310132121242836
Inventory Turnover12.5410.3310.6410.357.366.896.817.296.986.245.666.48

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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.