Relaxo Footwears Limited
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, Fli… Read more
Relaxo Footwears Limited (RELAXO) - Net Assets
Latest net assets as of September 2025: ₹21.09 Billion INR
Based on the latest financial reports, Relaxo Footwears Limited (RELAXO) has net assets worth ₹21.09 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹28.70 Billion) and total liabilities (₹7.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹21.09 Billion |
| % of Total Assets | 73.5% |
| Annual Growth Rate | 22.27% |
| 5-Year Change | 33.43% |
| 10-Year Change | 337.11% |
| Growth Volatility | 11.67 |
Relaxo Footwears Limited - Net Assets Trend (2006–2025)
This chart illustrates how Relaxo Footwears Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Relaxo Footwears Limited (2006–2025)
The table below shows the annual net assets of Relaxo Footwears Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹20.98 Billion | +4.85% |
| 2024-03-31 | ₹20.01 Billion | +7.87% |
| 2023-03-31 | ₹18.55 Billion | +5.39% |
| 2022-03-31 | ₹17.60 Billion | +11.94% |
| 2021-03-31 | ₹15.72 Billion | +23.58% |
| 2020-03-31 | ₹12.72 Billion | +15.14% |
| 2019-03-31 | ₹11.05 Billion | +45.17% |
| 2018-03-31 | ₹7.61 Billion | +25.86% |
| 2017-03-31 | ₹6.05 Billion | +26.00% |
| 2016-03-31 | ₹4.80 Billion | +30.49% |
| 2015-03-31 | ₹3.68 Billion | +33.00% |
| 2014-03-31 | ₹2.77 Billion | +28.97% |
| 2013-03-31 | ₹2.14 Billion | +24.36% |
| 2012-03-31 | ₹1.72 Billion | +28.09% |
| 2011-03-31 | ₹1.35 Billion | +22.47% |
| 2010-03-31 | ₹1.10 Billion | +48.62% |
| 2009-03-31 | ₹739.65 Million | +21.68% |
| 2008-03-31 | ₹607.85 Million | +18.46% |
| 2007-03-31 | ₹513.14 Million | +11.63% |
| 2006-03-31 | ₹459.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Relaxo Footwears Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 114530000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.15 Billion | 5.46% |
| Common Stock | ₹248.90 Million | 1.19% |
| Other Comprehensive Income | ₹17.42 Billion | 83.02% |
| Other Components | ₹2.17 Billion | 10.33% |
| Total Equity | ₹20.98 Billion | 100.00% |
Relaxo Footwears Limited Competitors by Market Cap
The table below lists competitors of Relaxo Footwears Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MiCo Ltd
KQ:059090
|
$236.67 Million |
|
WITHSECURE
HE:WITH
|
$236.67 Million |
|
Precision Wires India Limited
NSE:PRECWIRE
|
$236.71 Million |
|
Funding Circle Holdings plc
PINK:FDCHF
|
$236.74 Million |
|
Sri Adhikari Brothers Television Network Limited
NSE:SABTNL
|
$236.65 Million |
|
HUANLEJIA Food Group Co. Ltd.
SHE:300997
|
$236.64 Million |
|
Esker S.A.
LSE:0RSL
|
$236.63 Million |
|
Hunan Hansen Pharmaceutical Co Ltd
SHE:002412
|
$236.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Relaxo Footwears Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,011,100,000 to 20,980,700,000, a change of 969,600,000 (4.8%).
- Net income of 1,703,300,000 contributed positively to equity growth.
- Dividend payments of 746,800,000 reduced retained earnings.
- Other comprehensive income increased equity by 17,285,300,000.
- Other factors decreased equity by 17,272,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.70 Billion | +8.12% |
| Dividends Paid | ₹746.80 Million | -3.56% |
| Other Comprehensive Income | ₹17.29 Billion | +82.39% |
| Other Changes | ₹-17.27 Billion | -82.32% |
| Total Change | ₹- | 4.85% |
Book Value vs Market Value Analysis
This analysis compares Relaxo Footwears Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 149.13x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹1.92 | ₹285.60 | x |
| 2007-03-31 | ₹2.14 | ₹285.60 | x |
| 2008-03-31 | ₹2.53 | ₹285.60 | x |
| 2009-03-31 | ₹3.08 | ₹285.60 | x |
| 2010-03-31 | ₹4.58 | ₹285.60 | x |
| 2011-03-31 | ₹5.61 | ₹285.60 | x |
| 2012-03-31 | ₹7.18 | ₹285.60 | x |
| 2013-03-31 | ₹8.93 | ₹285.60 | x |
| 2014-03-31 | ₹11.52 | ₹285.60 | x |
| 2015-03-31 | ₹15.31 | ₹285.60 | x |
| 2016-03-31 | ₹19.96 | ₹285.60 | x |
| 2017-03-31 | ₹25.15 | ₹285.60 | x |
| 2018-03-31 | ₹31.62 | ₹285.60 | x |
| 2019-03-31 | ₹44.49 | ₹285.60 | x |
| 2020-03-31 | ₹51.19 | ₹285.60 | x |
| 2021-03-31 | ₹63.23 | ₹285.60 | x |
| 2022-03-31 | ₹70.72 | ₹285.60 | x |
| 2023-03-31 | ₹74.52 | ₹285.60 | x |
| 2024-03-31 | ₹80.35 | ₹285.60 | x |
| 2025-03-31 | ₹84.25 | ₹285.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Relaxo Footwears Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.11%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.32x
- Recent ROE (8.12%) is below the historical average (18.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 7.09% | 1.62% | 1.70x | 2.57x | ₹-13.38 Million |
| 2007 | 12.85% | 2.80% | 1.65x | 2.79x | ₹14.64 Million |
| 2008 | 17.31% | 3.44% | 1.76x | 2.86x | ₹44.46 Million |
| 2009 | 19.24% | 3.49% | 1.72x | 3.20x | ₹68.36 Million |
| 2010 | 34.29% | 6.81% | 1.61x | 3.14x | ₹267.00 Million |
| 2011 | 19.84% | 3.89% | 1.56x | 3.26x | ₹132.51 Million |
| 2012 | 23.14% | 4.62% | 1.82x | 2.75x | ₹226.61 Million |
| 2013 | 20.90% | 4.44% | 1.72x | 2.74x | ₹233.65 Million |
| 2014 | 23.73% | 5.60% | 1.79x | 2.37x | ₹379.80 Million |
| 2015 | 28.02% | 6.96% | 1.76x | 2.29x | ₹662.68 Million |
| 2016 | 25.06% | 7.02% | 1.72x | 2.08x | ₹722.82 Million |
| 2017 | 19.83% | 7.35% | 1.53x | 1.76x | ₹594.71 Million |
| 2018 | 21.16% | 8.23% | 1.57x | 1.64x | ₹849.49 Million |
| 2019 | 15.88% | 7.71% | 1.41x | 1.46x | ₹649.33 Million |
| 2020 | 17.78% | 9.45% | 1.30x | 1.45x | ₹990.10 Million |
| 2021 | 18.54% | 12.43% | 1.08x | 1.38x | ₹1.34 Billion |
| 2022 | 13.22% | 8.77% | 1.11x | 1.35x | ₹566.68 Million |
| 2023 | 8.33% | 5.55% | 1.12x | 1.34x | ₹-310.35 Million |
| 2024 | 10.02% | 6.88% | 1.07x | 1.36x | ₹3.59 Million |
| 2025 | 8.12% | 6.11% | 1.01x | 1.32x | ₹-394.77 Million |
Industry Comparison
This section compares Relaxo Footwears Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $3,545,748,504
- Average return on equity (ROE) among peers: 12.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Relaxo Footwears Limited (RELAXO) | ₹21.09 Billion | 7.09% | 0.36x | $236.65 Million |
| AKI India Limited (AKI) | $140.62 Million | 11.71% | 3.30x | $484.52 |
| Banaras Beads Limited (BANARBEADS) | $542.40 Million | 5.07% | 0.10x | $1.40 Million |
| Bata India Limited (BATAINDIA) | $18.15 Billion | 5.68% | 0.94x | $494.96 Million |
| Brand Concepts Limited (BCONCEPTS) | $708.63 Million | 9.30% | 2.47x | $8.30 Million |
| Bhartiya International Limited (BIL) | $1.07 Billion | 4.27% | 0.67x | $29.47 Million |
| Campus Activewear Limited (CAMPUS) | $5.52 Billion | 21.21% | 1.13x | $225.76 Million |
| Khadim India Limited (KHADIM) | $1.84 Billion | 16.65% | 1.20x | $7.09 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.46 Billion | 11.62% | 1.79x | $18.05 Million |
| Mirza International Limited (MIRZAINT) | $1.26 Billion | 13.94% | 1.38x | $13.22 Million |
| Redtape Limited (REDTAPE) | $4.77 Billion | 29.82% | 1.60x | $210.59 Million |