Obermatt

Relaxo Footwears

NSI:RELAXO · INE131B01039
Textiles, Apparel & Luxury GoodsMedium

360

51
Medium confidence — indicative
EV / EBIT9
Price / Owner Earnings7
Owner Earnings Yield25
Dividend Yield1
Price/Sales25
EV / Gross Profit20
Price/Book35
Return on Capital45
Cash Return on Capital58
Return on Equity39
EBIT Margin43
Gross Profitability80
Cash Conversion68
Owner Earnings Margin69
Sales growth20
Profit Growth14
Long-Term EPS Growth74
Reinvestment52
Price momentum17
Debt load63
Refinancing51
Debt Payback68
Liquidity55
Analyst ratings8
Opinion Changes50
Price Target Upside42
Market mood43
Value Creation3/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Relaxo Footwears doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryTextiles, Apparel & Luxury Goods
SizeMedium
TypePublic Company
ExchangeBSE
Founded1984
Employees1,632
ISININE131B01039
Last UpdateApr 2, 2026
Index & Theme
Consumer ResearchLifestyleManufacturingProduct DesignRetail

Description

Relaxo Footwears Limited (Relaxo) engages in the manufacture and sale of footwear for men, women, and kids. Business Segments The company operates a diversified portfolio within the footwear industry, predominately producing and marketing a wide ra…

Analysis

Hope premium

Relaxo Footwears Limited carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 38.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 15% yearly growth; analysts expect 3%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is tepid and the balance sheet is sturdy. The company scores 3/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
1
2023202420252026

All-time high

10

Jan 2025

All-time low

1

Jun 2026

Average rank

4

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
25
43
21
5
Price/Earnings
11
18
7
3
Price/Book
35
44
15
5
Dividend Yield
1
35
24
27
Value (overall)
10
43
9
3

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →