Dashboard/RELAXO

RELAXO

OVERVALUED

Relaxo Footwears Limited

Consumer Durables · NSE

↓ 120.9% vs fair value

52W Low

₹237

+15.2% from low

52W High

₹526

-48.2% from high

News sentiment (2 articles)

0 bull0 neutral2 bear

Valuation Gauge

OVERVALUED-120.9% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹273

Fair Value

₹123

Fair Value Analysis

₹123

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for Consumer Durables sector companies | Sector-cheap: P/E at 40th percentile vs sector peers. | CAUTION: ROCE declining (latest 16.7%) — returns on capital are falling; verify this isn't a value trap.

Medium confidence

Cash Flow Analysis

40% weight

₹140

Balance Sheet Value

30% weight

₹113

Growth Valuation

30% weight

₹111

Price vs Market

RELAXO

Nifty 50

Shareholding Pattern

Stock Health Score

Solid Fundamentals

6.7 / 10

Profitability

6/10

ROE of 8.0% is below the Consumer Durables sector benchmark of 18%

Debt & Leverage

10/10

D/E ratio of 0.1x is well within the Consumer Durables sector norm of 0.8x — strong balance sheet

Valuation vs Peers

8/10

P/E of 38.9x is slightly below the Consumer Durables sector median of 51x — reasonably valued

Cash Flow

8/10

FCF margin of 10.4% — strong cash generation (₹290 Cr)

Earnings Growth

3/10

5yr EPS CAGR of -9.9% — earnings are declining (sector avg growth: 16.9%)

Dividend

6/10

Dividend yield of 1.1% provides moderate shareholder returns

Sentiment Trend — Last 30 Days

Historical Returns

Key Financials

EPS (TTM)

₹6.8

P/E Ratio

38.9x

P/B Ratio

3.2x

ROE

ROCE

10.8%

Debt / Equity

0.1x

Beta

0.41

Div Yield

1.1%

FCF (Cr)

₹290 Cr

Revenue (Cr)

₹2,790 Cr

EPS Growth 5Y

-9.9%

Mkt Cap (Cr)

₹6,658 Cr

52W High

₹526

52W Low

₹236.5

Book Value/Share

₹83.6

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹2.6K Cr	₹362 Cr	14.0%	₹168 Cr	₹6.74
2025-03-31	₹2.8K Cr	₹385 Cr	14.0%	₹170 Cr	₹6.84
2024-03-31	₹2.9K Cr	₹409 Cr	14.0%	₹200 Cr	₹8.05
2023-03-31	₹2.8K Cr	₹341 Cr	12.0%	₹154 Cr	₹6.21
2022-03-31	₹2.7K Cr	₹418 Cr	16.0%	₹233 Cr	₹9.35
2021-03-31	₹2.4K Cr	₹498 Cr	21.0%	₹292 Cr	₹11.74
2020-03-31	₹2.4K Cr	₹413 Cr	17.0%	₹226 Cr	₹9.11
2019-03-31	₹2.3K Cr	₹328 Cr	14.0%	₹175 Cr	₹7.07
2018-03-31	₹1.9K Cr	₹302 Cr	16.0%	₹161 Cr	₹6.69
2017-03-31	₹1.6K Cr	₹231 Cr	14.0%	₹120 Cr	₹4.99
2016-03-31	₹1.7K Cr	₹241 Cr	14.0%	₹120 Cr	₹5.01
2015-03-31	₹1.4K Cr	₹201 Cr	14.0%	₹103 Cr	₹4.29
2014-03-31	₹1.2K Cr	₹148 Cr	13.0%	₹66 Cr	₹2.74

Compounded Growth Rates

Sales Growth

3Y-1.7%

5Y+2.3%

10Y+4.7%

Profit Growth

3Y+2.9%

5Y-10.5%

10Y+3.4%

EPS Growth

3Y+2.8%

5Y-10.5%

10Y+3.0%

Peer Comparison

Consumer Durables

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
SENCO Senco Gold Limited	₹320.5	₹913.6	+64.9%	9.8	22.8%	FAIRLY_VALUED
PCJEWELLER PC Jeweller Limited	₹8.5	₹17.2	+50.5%	11.7	9.1%	FAIRLY_VALUED
BATAINDIA Bata India	₹669	₹1,308.2	+48.9%	47.4	15.0%	FAIRLY_VALUED
PNGJL P N Gadgil Jewellers Limited	₹578.5	₹864.8	+33.1%	19.5	22.4%	UNDERVALUED
WHIRLPOOL Whirlpool of India Limited	₹820	₹1,106.8	+25.9%	31.1	8.2%	UNDERVALUED
BAJAJELEC Bajaj Electricals	₹353.5	₹382.9	+7.7%	113.8	6.6%	FAIRLY_VALUED
CERA Cera Sanitaryware Limited	₹4,796	₹4,154	-15.5%	28.4	17.7%	FAIRLY_VALUED
VAIBHAVGBL Vaibhav Global Limited	₹191.6	₹160.5	-19.4%	15.2	14.5%	FAIRLY_VALUED