RELAXO

Relaxo Footwears Limited

Footwear manufacturer with brands marketed under the tagline It's In Me

Consumer Discretionary›Consumer Durables›Consumer Durables›Footwear

relaxofootwear.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹297.10
Market cap
7,386 Cr
Stock P/E
39.9
P/B
3.35
Dividend yield
1.0%
ROE (FY26)
8.1%
ROCE (FY26)
11.9%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
93.1%
OCF / EBITDA (3Y)
85.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Relaxo (Relaxo Footwears) manufactures footwear in its own plants and sells it across price points to Indian shoppers through distributors, retailers, its own stores and online platforms.

Company snapshot

3rdBy market cap

Ranked among 9 companies in Footwear.

What we see

Positives
  • ✓85% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales715 Cr713 Cr747 Cr748 Cr679 Cr667 Cr695 Cr654 Cr629 Cr668 Cr751 Cr705 Cr
Operating expenses (approx.)624 Cr626 Cr627 Cr649 Cr592 Cr584 Cr583 Cr555 Cr547 Cr599 Cr627 Cr597 Cr
EBITDA92 Cr87 Cr120 Cr99 Cr88 Cr83 Cr112 Cr99 Cr81 Cr69 Cr124 Cr108 Cr
OPM %12.8%12.2%16.1%13.2%12.9%12.5%16.1%15.2%12.9%10.4%16.5%15.4%
Other income11 Cr6 Cr5 Cr5 Cr7 Cr7 Cr8 Cr11 Cr12 Cr11 Cr12 Cr13 Cr
Interest5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr6 Cr
Depreciation37 Cr38 Cr38 Cr39 Cr40 Cr40 Cr39 Cr40 Cr39 Cr39 Cr39 Cr40 Cr
Profit before tax60 Cr51 Cr82 Cr60 Cr50 Cr45 Cr75 Cr66 Cr49 Cr36 Cr91 Cr75 Cr
Tax %26.8%24.1%25.4%26.5%25.9%26.0%25.4%25.8%26.0%26.1%25.5%26.8%
Net profit44 Cr39 Cr61 Cr44 Cr37 Cr33 Cr56 Cr49 Cr36 Cr27 Cr68 Cr55 Cr
EPS (₹)₹1.78₹1.55₹2.46₹1.78₹1.48₹1.32₹2.26₹1.96₹1.46₹1.06₹2.72₹2.21

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,652 Cr1,964 Cr2,292 Cr2,410 Cr2,359 Cr2,653 Cr2,783 Cr2,914 Cr2,790 Cr2,702 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,421 Cr1,662 Cr1,968 Cr2,002 Cr1,864 Cr2,238 Cr2,447 Cr2,507 Cr2,408 Cr2,328 CrSign in free for the trailing twelve months
EBITDA231 Cr302 Cr324 Cr409 Cr495 Cr416 Cr336 Cr407 Cr382 Cr374 CrSign in free for the trailing twelve months
OPM %14.0%15.4%14.1%17.0%21.0%15.7%12.1%14.0%13.7%13.8%Sign in free for the trailing twelve months
Other income14 Cr4 Cr13 Cr9 Cr23 Cr24 Cr19 Cr29 Cr27 Cr46 CrSign in free for the trailing twelve months
Interest15 Cr9 Cr7 Cr17 Cr17 Cr15 Cr19 Cr19 Cr21 Cr22 CrSign in free for the trailing twelve months
Depreciation51 Cr54 Cr62 Cr109 Cr110 Cr114 Cr125 Cr147 Cr158 Cr157 CrSign in free for the trailing twelve months
Profit before tax178 Cr244 Cr268 Cr292 Cr391 Cr311 Cr210 Cr269 Cr230 Cr241 CrSign in free for the trailing twelve months
Tax %32.6%33.9%34.5%22.4%25.5%25.1%26.4%25.6%25.9%25.8%Sign in free for the trailing twelve months
Net profit120 Cr161 Cr175 Cr226 Cr292 Cr233 Cr154 Cr200 Cr170 Cr179 CrSign in free for the trailing twelve months
EPS (₹)₹9.99₹13.40₹14.15₹9.12₹11.74₹9.36₹6.21₹8.05₹6.84₹7.20Sign in free for the trailing twelve months
Dividend payout %————0.0%26.7%40.3%31.0%43.8%41.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital12 Cr12 Cr12 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves594 Cr749 Cr1,093 Cr1,248 Cr1,548 Cr1,735 Cr1,830 Cr1,976 Cr2,073 Cr2,181 Cr
Borrowings132 Cr125 Cr87 Cr167 Cr115 Cr20 Cr—19 Cr——
Other liabilities332 Cr382 Cr413 Cr402 Cr488 Cr602 Cr640 Cr694 Cr664 Cr743 Cr
Total liabilities1,070 Cr1,269 Cr1,605 Cr1,841 Cr2,176 Cr2,383 Cr2,495 Cr2,714 Cr2,762 Cr2,949 Cr
Fixed assets (net)480 Cr470 Cr800 Cr940 Cr905 Cr959 Cr1,119 Cr1,349 Cr1,331 Cr1,356 Cr
CWIP62 Cr136 Cr10 Cr44 Cr112 Cr145 Cr88 Cr33 Cr53 Cr97 Cr
Investments0.70 Cr0.70 Cr0.20 Cr0.20 Cr338 Cr194 Cr225 Cr108 Cr343 Cr436 Cr
Loans & advances——0.39 Cr0.28 Cr0.41 Cr0.43 Cr0.58 Cr0.54 Cr0.45 Cr0.35 Cr
Inventories290 Cr314 Cr402 Cr448 Cr422 Cr673 Cr564 Cr599 Cr558 Cr557 Cr
Trade receivables123 Cr192 Cr197 Cr172 Cr181 Cr251 Cr270 Cr358 Cr312 Cr299 Cr
Cash & bank4 Cr3 Cr2 Cr3 Cr6 Cr7 Cr10 Cr40 Cr22 Cr18 Cr
Other assets111 Cr152 Cr193 Cr234 Cr210 Cr153 Cr217 Cr227 Cr143 Cr186 Cr
Total assets1,070 Cr1,269 Cr1,605 Cr1,841 Cr2,176 Cr2,383 Cr2,495 Cr2,714 Cr2,762 Cr2,949 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity180 Cr154 Cr123 Cr319 Cr513 Cr56 Cr400 Cr235 Cr406 Cr348 Cr
Cash from investing-89 Cr-108 Cr-57 Cr-116 Cr-453 Cr15 Cr-258 Cr-99 Cr-262 Cr-207 Cr
Cash from financing-89 Cr-46 Cr-68 Cr-203 Cr-56 Cr-70 Cr-138 Cr-106 Cr-162 Cr-146 Cr
Net cash flow1 Cr-0.39 Cr-2 Cr0.67 Cr4 Cr0.76 Cr3 Cr30 Cr-18 Cr-5 Cr
Free cash flow (OCF − Capex)90 Cr46 Cr31 Cr203 Cr390 Cr-84 Cr215 Cr-15 Cr290 Cr211 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %26.2%28.4%23.1%21.4%24.2%18.3%12.4%14.3%11.9%11.9%
ROE %19.8%21.2%15.9%17.8%18.5%13.2%8.3%10.0%8.1%8.1%
Debtor days27363126283435454140
Inventory days182162161176178187173189196204
Days payable79907672946278806996
Cash conversion cycle130107115130112160131153167148
OCF / EBITDA %78.0%51.1%38.1%78.0%103.6%13.5%119.1%57.8%106.3%93.1%
OCF / EBITDA % (3 years)——53.4%57.6%77.8%67.3%77.7%59.7%92.6%85.1%
Debt / equity0.220.160.080.130.070.01—0.00930.000.00
Current ratio1.241.341.581.912.402.572.542.402.742.33
Net debt / EBITDA0.560.400.260.400.220.03-0.03-0.05-0.06-0.05