Relaxo Footwears Limited (RELAXO) AI Stock Analysis

• Market Cap: ₹67.25B
• Dividend Yield: 0.75%
• Average Volume (3M): 17.88K
• Price to Earnings (P/E): 94.8
• Beta (1Y): 1.02
• Revenue Growth: -8.39%
• EPS Growth: -3.74%
• Country: IN
• Employees: 7,708
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 1.10
• Shares Outstanding: 248,938,580
• 10 Day Avg. Volume: 13,717
• 30 Day Avg. Volume: 17,877
• PEG Ratio: -4.04
• Price to Book (P/B): 4.93
• Price to Sales (P/S): 3.71
• P/FCF Ratio: 35.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹410.00
• Price Target Upside: 0.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 8.66
• Revenue Forecast (FY): ₹28.61B

• Rating: 55 Neutral
• Price Target: ₹266.00 ▼(-34.52% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is held up by a solid balance sheet and continued revenue growth, but is pressured by a clear technical downtrend with weak momentum and an expensive valuation (very high P/E) alongside declining profitability and inconsistent free cash flow.

Positive Factors

Balance sheet strength

A very high equity ratio and minimal leverage provide durable financial flexibility. Low debt-servicing needs reduce liquidity pressure in downturns, support distributor credit terms, and allow the company to fund organic growth or absorb raw-material swings without needing external equity or expensive debt.

Negative Factors

Declining net profit margin

A sustained drop in net margin halves the firm's bottom-line conversion of sales, reducing retained earnings and reinvestment capacity. Over months, compressed profitability limits ability to finance brand building, price-defend, or absorb cost inflation without sacrificing growth or increasing leverage.

Relaxo Footwears Limited Business Overview & Revenue Model

Company Description

Relaxo Footwears Limited manufactures and sells footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, formal, sports, school, and training and gym shoes. The company also provides slippers,...

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Relaxo Footwears Limited manufactures and sells footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, formal, sports, school, and training and gym shoes. The company also provides slippers,...

How the Company Makes Money

Relaxo primarily makes money by selling branded footwear in India through a multi-channel distribution network. Its core revenue stream is the sale of footwear products (e.g., slippers/flip-flops, sandals, and shoes), with earnings driven by unit ...

Read more

Relaxo primarily makes money by selling branded footwear in India through a multi-channel distribution network. Its core revenue stream is the sale of footwear products (e.g., slippers/flip-flops, sandals, and shoes), with earnings driven by unit ...

Relaxo Footwears Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	26.45B	27.90B	29.14B	27.83B	26.53B	23.46B
Gross Profit	12.78B	16.41B	16.41B	14.04B	14.37B	13.12B
EBITDA	4.15B	4.09B	4.38B	3.57B	4.41B	5.20B
Net Income	1.74B	1.70B	2.00B	1.54B	2.33B	2.92B
Balance Sheet
Total Assets	28.70B	27.62B	27.14B	24.95B	23.83B	21.76B
Cash, Cash Equivalents and Short-Term Investments	2.55B	3.11B	1.69B	2.66B	1.77B	3.44B
Total Debt	2.15B	2.13B	2.05B	1.64B	1.74B	1.44B
Total Liabilities	7.61B	6.64B	7.13B	6.40B	6.22B	6.03B
Stockholders Equity	21.09B	20.98B	20.01B	18.55B	17.60B	15.72B
Cash Flow
Free Cash Flow	1.58B	2.91B	-132.40M	2.15B	-835.20M	3.90B
Operating Cash Flow	2.36B	4.06B	2.35B	4.00B	559.90M	5.13B
Investing Cash Flow	-1.50B	-2.62B	-986.30M	-2.58B	145.50M	-4.53B
Financing Cash Flow	-1.07B	-1.62B	-1.06B	-1.38B	-697.80M	-561.50M

Relaxo Footwears Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 406.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELAXO, the sentiment is Negative. The current price of 406.2 is above the 20-day moving average (MA) of 281.43, above the 50-day MA of 330.95, and below the 200-day MA of 413.05, indicating a bearish trend. The MACD of -22.24 indicates Negative momentum. The RSI at 40.89 is Neutral, neither overbought nor oversold. The STOCH value of 68.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RELAXO.

Relaxo Footwears Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAZDA	63 Neutral	₹3.70B	12.72	―	1.64%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BATAINDIA	56 Neutral	₹86.02B	45.84	―	0.95%	-0.95%	-50.96%
RELAXO	55 Neutral	₹67.25B	94.83	―	0.75%	-8.39%	-3.74%
KHADIM	54 Neutral	₹1.55B	-490.53	―	―	-26.54%	-21.93%
VIPCLOTHNG	54 Neutral	₹2.10B	76.58	―	―	38.82%	―
RAJESHEXPO	52 Neutral	₹28.41B	18.97	―	―	112.02%	244.77%

Relaxo Footwears Limited Corporate Events