Dear Investor,
This stock has
sustained double-digit volume growth in the last few quarters despite the
overall consumption decline, particularly in the rural market. Capacity
expansion, investment behind its brands, sustained volume growth and increasing
presence in untapped markets would be key growth drivers for this company in
the near to medium term.
Good Quality Company
on basis of its long term financial performance.
Company has reduced
debt.
Company is virtually
debt free.
Company has been
maintaining a healthy dividend payout of 12.72%
Long-term investors
should use dips wisely to accumulate the stock as it has a 5% share in the
footwear industry space and thus, has a huge scope for expansion going ahead.
Stock Returns:
6 Months - 21.76%
1 Year – 11.07%
3 Years – 114.60%
5 Years – 303.04%
Source: Screener
Company Details:
Relaxo Footwears Ltd
Relaxo is a leading
footwear company in India with a turnover of over Rs. 2,000 crore.
It has 10
manufacturing facilities across northern India with a capacity of over 7.5
lakhs units per day.
It has a wide distribution
reach of 35,000-40,000 stores.
The company’s product
portfolio also includes bags, clutches, socks and shoe care products.
MARKET CAPITAL:
Relaxo Footwears Ltd
is a Mid Cap Company having a market cap of ₹ 11,433 Crore
SECTOR:
The Company is
operating in LEATHER PRODUCTS sector.
QUARTERLY RESULTS:
SALES:
For the quarter ended
30-06-2019, the company has reported a Consolidated Sales of ₹ 648 Crore, up
15.30% from last year same quarter Sales of ₹ 562 Crore and the last quarter
Sales was ₹ 636 Crore.
NET PROFIT:
Company has reported
Net Profit after tax of ₹ 50 Crore in latest Quarter, up 8.69% from last year
same quarter Net Profit of ₹ 46 Crore and the last quarter Net Profit was ₹ 54
Crore.
Stock Price Details:
CMP – ₹ 460.80
Book Value – ₹ 44.54
Face Value - ₹ 1
Price History:
1-Year Beta – 0.42
52 Week High – ₹ 499.
52 Week Low - ₹ 332.15
Shareholding
Promoter and Promoter
Group - 71.02%
Foreign Institution -
2.69%
Mutual Funds &
Financial Institutions / Banks : 6.15%
General Public -
20.14%
Mutual Fund Holding
Held in Mutual Fund
schemes which include -
1. SBI Focused Equity
Fund (G)
2. SBI Equity Hybrid
Fund (G)
3. DSP Equity &
Bond Fund - Regular Plan (G)
4. SBI Small Cap Fund
(G)
Valuation:
Stock P/E - 63.78
Price to book value –
10.35
Return on Equity:
10 Years – 24.04%
5 Years – 23.28%
3 Years – 21.08%
Compounded Sales
Growth
10 Years – 18.85%
5 Years – 14.21%
3 Years – 11.18%
TTM – 17.21%
Compounded Profit
Growth
10 Years – 28.28%
5 Years – 21.43%
3 Years – 13.98%
TTM – 5.64%
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Happy Investing!
FINVESTEDGE
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