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Relaxo Footwears Limited (RELAXO) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹101B

RF Relaxo Footwears Limited RELAXO · NSE
Price₹397.15
Fair Value₹148.37
Upside-62.6%
Quality58/100
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Evidence: High Range ₹109.19 – ₹187.56

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +17.6% over the past month.

Price vs Fair Value (12 months)

₹515.58 ₹237.90 Fair Value ₹148.37 Jul 2025 Jul 2026

12‑month range ₹237.90 – ₹515.58 · fair‑value band ₹109.19 – ₹187.56 · the ₹397.15 price screens above the ₹148.37 fair value. As of Jul 3, 2026.

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Analysis

Relaxo Footwears Limited (RELAXO) currently trades at ₹397.15, while our model-based Fair Value estimate is ₹148.37 — implying the stock looks roughly 62.6% overvalued today. We read business quality at 58/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Relaxo Footwears Limited generated revenue of ₹27.0B at a net margin of 6.6%. Revenue grew 8.0% year over year. It earns a return on equity of 8.3%. Net debt stands at ₹2.1B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹27.0B
Revenue growth (YoY) +8.0%
Net margin 6.6%
Return on equity 8.3%
Free cash flow ₹2.2B FY2026
P/E ratio 56.2
More key figures
Operating margin 11.3%
EPS (TTM) ₹7.22
Dividend yield 0.9%
EPS growth (YoY) +20.5%
Net debt ₹2.1B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Relaxo Footwears Limited engages in the manufacture and sale of footwear for men, women, and kids in India and internationally. It offers casual, running, athleisure, walking, sneakers, formal, sports, school, and training and gym shoes; and slippers, sandals, flip flops, slides, chappals, and clogs, as well as footwear accessories. The company provides its products under the Relaxo, Bahamas, Flite, Sparx, BOSTON, Mary Jane, Schoolmate, and KidsFun brands. It sells its products through exclusive brand outlets and e-commerce portals. Relaxo Footwears Limited was founded in 1976 and is based in New Delhi, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Relaxo Footwears Limited reported revenue of ₹27.0B in FY2026 versus ₹26.5B in FY2022, a compound +0.5%/yr. Reported net income was ₹1.8B in FY2026, compounding −6.3%/yr from FY2022.

Revenue +0.5%/yr
FY22 ₹26.5B
FY23 ₹27.8B
FY24 ₹29.1B
FY25 ₹27.9B
FY26 ₹27.0B
Net income −6.3%/yr
FY22 ₹2.3B
FY23 ₹1.5B
FY24 ₹2.0B
FY25 ₹1.7B
FY26 ₹1.8B

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Similar stocks

6 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE €38.07 €45.62 +20%
adidas AG 1ADS €184.40 €81.86 -56%
ASICS Corporation ASCCY $27.42 $22.91 -16%
Deckers Outdoor Corporation DECK $111.18 $125.16 +13%
On Holding ONON $38.00 $18.63 -51%
Zhejiang China Commodities City Group 600415 ¥11.37 ¥23.62 +108%

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Frequently asked questions

Is Relaxo Footwears Limited (RELAXO) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹148.37 versus a price of ₹397.15 — about −63% (overvalued). Model-based estimate, not financial advice.
What is the fair value of RELAXO?
Our model-based fair value for Relaxo Footwears Limited is ₹148.37 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹397.15.
What is the quality score of RELAXO?
Relaxo Footwears Limited has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Relaxo Footwears Limited (RELAXO)?
Relaxo Footwears Limited reported trailing-twelve-month revenue of about ₹27.0B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of RELAXO?
The net profit margin of Relaxo Footwears Limited is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Relaxo Footwears Limited pay a dividend?
Relaxo Footwears Limited currently shows a dividend yield of about 0.85% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.