R

Relaxo Footwears Limited

RELAXONSE
Market snapshot · 2026-08-11 14:13 UTC

421.65

₹-2.80 (-0.66%)

MARKET CAP

₹10.50K Cr

STOCK P/E

58.4x

52W HIGH

₹526.00

52W LOW

₹236.50

BOOK VALUE

₹88.69

EPS

₹7.22

ROE

8.33%

SECTOR

Consumer Discretionary

DEBT/EQUITY

10.55

VOLUME

1.20L

P/B RATIO

4.75x

PEG RATIO

2.85

Sector

Consumer Discretionary

Themes

Footwear
D
Dividend
E
Earnings
₹497.20₹435.34₹373.48₹311.61₹249.75VolumeDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for RELAXO.

10.00 analysts

Price Forecast

Current
₹421.65
High Target
₹440.00
▲ +4.4%
Median Target
₹388.00
▼ -8.0%
Low Target
₹280.00
▼ -33.6%
Now₹421.65High ₹440.00Median ₹388.00Low ₹280.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
10 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹305.50 - ₹534.3580%
6M₹260.72 - ₹574.8980%
12M₹203.23 - ₹621.7880%
Realized vol: +43.6% · Drift: -7.6%

Revenue Forecast

₹ Cr
Dec '25Current₹668.0
Sep 2026 ETrend estimate range
High₹634.5Base₹587.5Low₹540.5
Mar '25: ₹695.0 · Jun '25: ₹654.0 · Sep '25: ₹629.0 · Dec '25: ₹668.0 · Sep '26: ₹587.5 · Dec '26: ₹624.0
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E695.0654.0629.0668.0587.5624.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹1.06
Sep 2026 ETrend estimate range
High₹1.58Base₹1.41Low₹1.24
Mar '25: ₹2.26 · Jun '25: ₹1.96 · Sep '25: ₹1.46 · Dec '25: ₹1.06 · Sep '26: ₹1.41 · Dec '26: ₹1.02
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E2.261.961.461.061.411.02
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
59%
Analyst Consensus
Unavailable

From 10 analysts

Mean upside-9.3%

Fundamentals

Weakening

Fundamentals institutional score is 32 using EVA spread proxy -3.7%; growth durability 39.0.

Valuation

Attractive relative to peers

Valuation institutional score is 95 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 14 using mean target upside -9.3%; dispersion penalty 16.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 91 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and technical structure provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price382.3 target
Mean Upside-9.3%
Technical Score91%
Fundamental Score32%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 18.7% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.83). Confidence: 64%.

Live forward EPS implies next-12-month EPS of ₹9.79. Applying the stock's normalized valuation corridor produces a fair range of ₹554.11 to ₹1,115.77, with base value near ₹703.22 (+66.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹9.79

Forward P/E

43.1x

Base Fair Value

₹703.22

Fair Range

₹554.11 - ₹1,115.77

Upside To Base

+66.8%

Estimate Source

Live forward EPS

Growth Estimate

+20.5%

P/E
Strongly Undervalued

5Y Average

104.39

Current

58.40

Overvalued

113.97

Undervalued

56.60

EV/EBITDA
Strongly Undervalued

5Y Average

50.57

Current

28.29

Overvalued

62.70

Undervalued

29.23

P/S
Strongly Undervalued

5Y Average

6.94

Current

3.88

Overvalued

8.61

Undervalued

4.01

Peers & Comparison

Sector: Consumer Discretionary · Theme: Footwear

Footwear Peers2 peers
Avg P/E: 65.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
METRO BRANDS LIMITED
METROBRANDFootwear
+14.7%13.8%
64.1x
Fair
-3% vs avg
-13.7%
BATA INDIA LTD
BATAINDIAFootwear
+5.0%3.8%
67.7x
Fair
+3% vs avg
-37.2%
WHY THESE PEERS

RELAXO FOOT LTD. trades in line with peers (58.8x vs avg 65.9x), reflecting a fair valuation within the Footwear cohort. Peers include METRO BRANDS LIMITED, BATA INDIA LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹668 CrDec 2025

Latest net profit

₹32 CrDec 2025

Latest EPS

₹1.06Dec 2025

Net margin

5.4%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%3.0%6.0%9.0%12.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹1₹1₹2₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-150 Cr0.00 Cr150 Cr300 Cr450 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales765739715713747748679667695654629668
Expenses647631624626627649592584583555547593
Operating Profit85.2272.9654.5849.6781.8959.7947.9143.1972.6859.841.835.97
OPM %11.14%9.88%7.63%6.97%10.96%7.99%7.05%6.48%10.46%9.14%6.65%5.38%
Other Income4.327.2710.545.995.065.436.646.88.0911.3212.2610.96
Interest4.134.464.744.834.664.894.985.385.415.215.215.29
Depreciation32.7634.5936.9437.538.4639.1139.7540.239.3739.6539.3639.14
Profit before tax85.4175.7760.3850.8382.2960.3349.5744.6175.3665.9148.8541.64
Tax %25.89%25.67%26.81%24.12%25.4%26.45%25.9%26%25.4%25.81%25.98%22.53%
Net Profit63.356.3244.1938.5761.3944.3736.7333.0156.2248.936.1632.26
EPS in Rs2.552.261.781.552.461.781.481.322.261.961.461.06

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.27%71.27%71.27%71.27%71.27%
FII3.07%2.85%3.04%3.01%3.04%
DII10.55%9.95%9.88%9.87%9.74%
Public5.57%6.33%6.25%6.27%6.37%
Others9.54%9.60%9.56%9.58%9.58%
Mar 2026
Promoters
FII
DII
Public
Others