How has Relaxo Footwears Limited (RELAXO) been performing? We dig into revenue, profitability, valuation, and ownership trends.
Relaxo Footwears Revenue Trend
At ₹2,817 Cr, Relaxo Footwears Limited's FY2025 revenue came in 4.3% lower than the ₹2,943 Cr earned in FY2024.
Looking at the longer trend, Relaxo Footwears Limited's revenue grew from ₹1,481 Cr to ₹2,817 Cr at a 6.6% CAGR — moderate, consistent growth.
At ₹2,817 Cr in annual revenue, Relaxo Footwears Limited is one of the mid-sized players in the leather and leather products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹2,817 Cr | -4.3% |
| FY2024 | ₹2,943 Cr | +5.1% |
| FY2023 | ₹2,801 Cr | +4.6% |
| FY2022 | ₹2,677 Cr | +12.4% |
| FY2021 | ₹2,382 Cr | — |
View Relaxo Footwears Limited's full 10-year revenue trend with CAGR analysis →
Relaxo Footwears Profitability
A 15.0% decline brought Relaxo Footwears Limited's net profit down to ₹170 Cr in FY2025 from ₹200 Cr.
Net margin thinned to 6.0% in FY2025, compared to 6.8% the year before.
At ₹6.84 per share (diluted), FY2025 earnings were down year-over-year from ₹8.05.
Is Relaxo Footwears Undervalued
Under the P/E Ratio approach, Relaxo Footwears Limited's estimated fair value is ₹685 (103.0% upside).
Relaxo Footwears Limited shares are currently trading at ₹337.60.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹685 | 103.0% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Relaxo Footwears Limited with detailed assumptions →
Relaxo Footwears Shareholding Pattern
Promoters continue to hold 71.3% of the company, unchanged over recent quarters.
Foreign investors held 3.0% of the company as of March 2026, up year-over-year from 2.9%.
As of March 2026, DIIs own 9.7% of the company — down from 9.9% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 71.3% | 3.0% | 9.7% | 15.9% |
| Dec 2025 | 71.3% | 3.0% | 9.9% | 15.8% |
| Sep 2025 | 71.3% | 3.0% | 9.9% | 15.8% |
| Jun 2025 | 71.3% | 2.9% | 9.9% | 15.9% |
Track quarterly shareholding changes for Relaxo Footwears Limited →
Relaxo Footwears Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹27.63B (up 1.8% YoY from ₹27.14B).
Top categories: Property, Plant & Equipment (36.7%), Inventories (20.2%), Other Assets (18.2%).
Of the ₹27.62B in liabilities and equity, 75.9% is shareholder equity, 7.7% is interest-bearing debt, and 16.4% is operating liabilities. Over the year, debt is up 3.7% and equity is up 4.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 2.92B |
| Receivables | 3.12B |
| Inventories | 5.58B |
| Property, Plant & Equipment | 10.13B |
| Investments | 738.70M |
| Intangibles & Goodwill | 129.90M |
| Other Assets | 5.03B |
| Category | Value |
|---|---|
| Equity | 20.98B |
| Short-term Debt | 439.40M |
| Long-term Debt | 1.69B |
| Trade Payables | 1.97B |
| Other Liabilities | 2.55B |
Relaxo Footwears Investment Snapshot
Here's the bottom line on Relaxo Footwears Limited (RELAXO) based on the latest available financials.
Revenue of ₹2,817 Cr in FY2025, down 4.3% year-over-year.
Long-term revenue has been compounding at 6.6% annually over 10 years.
The company is profitable, with a net margin of 6.0% and net income of ₹170 Cr.
The P/E Ratio model implies 103.0% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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