Risk factor
Resilient to price shocks
Profitability factor
Overvalued vs peers
About
Relaxo Footwears Limited is a prominent producer and distributor of footwear, catering to a diverse clientele of men, women, and children, with operations spanning both India and global markets. Their extensive product range encompasses various shoe types, including options for casual wear, athletic pursuits like running, training, and sports activities, formal occasions, and school. Beyond shoes, their collection extends to include slippers, sandals, flip-flops, slides, chappals, belles, casual footwear styles, and clogs. The company also supplies complementary footwear accessories. These offerings are marketed under well-known brand names such as Relaxo, Bahamas, Flite, Sparx, BOSTON, and Mary Jane. Distribution occurs via a network of 394 dedicated brand stores and various online e-commerce platforms. Established in New Delhi, India, in 1976, Relaxo Footwears Limited maintains its headquarters there.
Company Valuation
From both historical and forecast perspectives, the stock is overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITD
Target Price
The average target price of RELAXO.NS is 364 and suggests 23.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to