Financials Relaxo Footwears Limited NSE India S.E.

Equities

RELAXO

INE131B01039

Footwear

Delayed NSE India S.E. 09:59:04 14/05/2024 BST 5-day change 1st Jan Change
831.9 INR -0.45% Intraday chart for Relaxo Footwears Limited -0.88% -8.00%

Valuation

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 96,133 148,253 217,176 265,156 211,324 208,088 - -
Enterprise Value (EV) 1 96,546 149,597 218,250 262,937 208,128 203,134 202,531 200,477
P/E ratio 54.8 x 65.6 x 74.6 x 114 x 137 x 101 x 71.5 x 57.8 x
Yield 0.23% 0.21% 0.29% 0.23% 0.29% 0.31% 0.38% 0.56%
Capitalization / Revenue 4.19 x 6.15 x 9.21 x 9.99 x 7.59 x 6.97 x 6.29 x 5.38 x
EV / Revenue 4.21 x 6.21 x 9.25 x 9.91 x 7.48 x 6.97 x 6.12 x 5.19 x
EV / EBITDA 29.8 x 36.6 x 44 x 63.2 x 62 x 50 x 38.2 x 31.9 x
EV / FCF 311 x 73.8 x 56 x -315 x 96.9 x 75.3 x 67.7 x 61.1 x
FCF Yield 0.32% 1.36% 1.79% -0.32% 1.03% 1.33% 1.48% 1.64%
Price to Book 8.7 x 11.6 x 13.8 x 15.1 x 11.4 x 10.5 x 9.38 x 8.65 x
Nbr of stocks (in thousands) 248,102 248,246 248,442 248,926 248,939 248,939 - -
Reference price 2 387.5 597.2 874.2 1,065 848.9 835.9 835.9 835.9
Announcement Date 10/05/19 06/06/20 20/05/21 11/05/22 10/05/23 09/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,921 24,105 23,592 26,533 27,828 29,141 33,076 38,658
EBITDA 1 3,243 4,090 4,955 4,158 3,358 4,066 5,306 6,290
EBIT 1 2,619 2,995 3,855 3,022 2,107 2,591 3,744 4,614
Operating Margin 11.43% 12.43% 16.34% 11.39% 7.57% 8.89% 11.32% 11.93%
Earnings before Tax (EBT) 1 2,680 2,917 3,912 3,106 2,100 2,693 3,789 4,736
Net income 1 1,754 2,262 2,916 2,327 1,545 2,005 2,828 3,526
Net margin 7.65% 9.39% 12.36% 8.77% 5.55% 6.88% 8.55% 9.12%
EPS 2 7.065 9.100 11.72 9.350 6.210 8.050 11.70 14.45
Free Cash Flow 1 310.6 2,028 3,898 -835.2 2,149 2,709 2,993 3,279
FCF margin 1.36% 8.41% 16.52% -3.15% 7.72% 9.07% 9.05% 8.48%
FCF Conversion (EBITDA) 9.58% 49.59% 78.67% - 63.99% 66.77% 56.41% 52.12%
FCF Conversion (Net income) 17.7% 89.64% 133.69% - 139.11% 134.48% 105.84% 92.98%
Dividend per Share 2 0.9000 1.250 2.500 2.500 2.500 2.560 3.140 4.683
Announcement Date 10/05/19 06/06/20 20/05/21 11/05/22 10/05/23 09/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 6,720 7,477 4,971 7,144 7,435 6,982 6,672 6,696 6,810 7,649 7,388 7,343 7,430 8,030
EBITDA 1 1,487 1,629 661.7 1,168 1,216 1,111 861.2 594.3 722.5 1,180 1,076 985.6 1,011 1,220
EBIT - - - - - 824.3 - - - 852.2 - - 856 752
Operating Margin - - - - - 11.81% - - - 11.14% - - 11.52% 9.36%
Earnings before Tax (EBT) 1 1,209 1,376 402.5 919.4 939.7 844.4 535.8 304.4 405.8 854.1 757.7 576 583.5 957.3
Net income 1 900.7 1,022 309.6 686.9 701 629.3 386.7 224 301 633 563.2 461.5 504.8 661.6
Net margin 13.4% 13.66% 6.23% 9.61% 9.43% 9.01% 5.8% 3.35% 4.42% 8.28% 7.62% 6.29% 6.79% 8.24%
EPS 2 3.630 4.100 1.240 2.760 2.820 2.530 1.550 0.9000 1.210 2.550 2.260 1.933 2.300 2.500
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 30/01/21 20/05/21 31/07/21 01/11/21 29/01/22 11/05/22 26/07/22 02/11/22 04/02/23 10/05/23 24/07/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 413 1,344 1,075 - - - - -
Net Cash position 1 - - - 2,219 3,196 4,184 5,557 7,611
Leverage (Debt/EBITDA) 0.1274 x 0.3287 x 0.2169 x - - - - -
Free Cash Flow 1 311 2,028 3,898 -835 2,149 2,709 2,993 3,279
ROE (net income / shareholders' equity) 18.8% 19% 20.5% 14% 8.55% 10.7% 13.2% 15.4%
ROA (Net income/ Total Assets) - - - - 6.33% 8.2% 9.5% 10.4%
Assets 1 - - - - 24,387 24,565 29,768 33,904
Book Value Per Share 2 44.60 51.30 63.30 70.70 74.50 79.50 89.20 96.70
Cash Flow per Share - - - - - - - -
Capex 1 924 1,161 1,233 1,395 1,852 1,011 1,252 1,327
Capex / Sales 4.03% 4.82% 5.23% 5.26% 6.65% 3.38% 3.78% 3.43%
Announcement Date 10/05/19 06/06/20 20/05/21 11/05/22 10/05/23 09/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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