We all know how a comfy pair can make or break our day, right? Well, Relaxo Footwears Limited knows that game like a pro.
As the largest non-leather footwear manufacturer in India, Relaxo has walked a path of steady growth and innovation. With its diverse range of popular brands like Relaxo, Sparx, Flite, and Bahamas, the company stands poised on the brink of an intriguing valuation.
From its humble IPO launch in 1995, Relaxo Footwears has steadily expanded its footprint, diversifying its product portfolio to cater to various market segments. The journey has been marked by strategic expansions, the introduction of new brands, and an unwavering commitment to quality and customer satisfaction.
Now, with a capacity to produce a staggering 30 crore pairs annually across its eight manufacturing facilities, Relaxo Footwears holds a prominent position within India’s competitive footwear industry. Will the company’s stock price reach the coveted ₹2,000 mark? The answer remains shrouded in the unfolding story of this industry leader’s trajectory.
About Relaxo Footwears Ltd
Recent News Around Relaxo Footwears Ltd
Relaxo Footwears Ltd Q2 Fy2024 Key Points And Summary:
Relaxo Footwears Ltd Share Price Target 2024 To 2030
Relaxo Footwears Ltd Share Price Target 2024
When | Maximum Price | Minimum Price |
January 2024 | ₹996.82 | ₹866.80 |
February 2024 | ₹1,017.16 | ₹884.49 |
March 2024 | ₹1,037.92 | ₹902.54 |
April 2024 | ₹1,007.69 | ₹876.25 |
May 2024 | ₹992.80 | ₹863.30 |
June 2024 | ₹1,028.54 | ₹894.38 |
July 2024 | ₹1,018.25 | ₹885.44 |
August 2024 | ₹1,058.98 | ₹920.85 |
September 2024 | ₹1,101.34 | ₹957.69 |
October 2024 | ₹1,079.75 | ₹938.91 |
November 2024 | ₹1,112.14 | ₹967.08 |
December 2024 | ₹1,139.94 | ₹991.25 |
In January 2024, Relaxo Footwears Ltd will see its stock reach a expected high of ₹996.82 and a low of ₹866.80. This price variability continued through the year, with February, March, and April displaying similar trends, indicating fluctuations in investor sentiment and market dynamics.
These fluctuations often reflect changing industry conditions, market perception, or company-specific events. As the year progressed, the stock showed a consistent trend of highs and lows, signaling the influence of various internal and external factors on its valuation.
By December 2024, the stock will peak at ₹1,139.94 and dip to a minimum of ₹991.25. This up-and-down movement suggests a continuous interplay of market forces, investor reactions to financial performance, industry news, and overall economic conditions.
The consistent patterns in price movement hint at the stock’s susceptibility to diverse influences, making it essential for investors to consider multiple factors before assessing future trends. This continual volatility signifies an intricate balance between market optimism and caution, shaping the stock’s trajectory in the future.
Relaxo Footwears Ltd Share Price Target 2025
when | Maximum Price | Minimum Price |
January 2025 | ₹1,162.74 | ₹894.42 |
February 2025 | ₹1,192.56 | ₹917.35 |
March 2025 | ₹1,239.07 | ₹953.13 |
April 2025 | ₹1,214.77 | ₹934.44 |
May 2025 | ₹1,179.39 | ₹907.22 |
June 2025 | ₹1,232.46 | ₹948.05 |
July 2025 | ₹1,208.30 | ₹929.46 |
August 2025 | ₹1,245.66 | ₹958.20 |
September 2025 | ₹1,289.26 | ₹991.74 |
October 2025 | ₹1,322.78 | ₹1,017.53 |
November 2025 | ₹1,355.85 | ₹1,042.96 |
December 2025 | ₹1,389.75 | ₹1,069.04 |
Relaxo Footwears Ltd Share Price Target 2026 To 2030
Year | Maximum Price | Minimum Price |
---|---|---|
2026 | ₹1,459.24 | ₹1,021.47 |
2027 | ₹1,605.16 | ₹1,123.61 |
2028 | ₹2,247.23 | ₹1,123.61 |
2029 | ₹1,945.65 | ₹972.83 |
2030 | ₹2,529.35 | ₹1,770.54 |
Relaxo Footwears Ltd’s Financial Condition (Last 5 Years)
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
Sales + | 2,292 | 2,410 | 2,359 | 2,653 | 2,783 | 2,900 |
Expenses + | 1,964 | 1,998 | 1,861 | 2,235 | 2,442 | 2,511 |
Operating Profit | 328 | 413 | 498 | 418 | 341 | 389 |
OPM % | 14% | 17% | 21% | 16% | 12% | 13% |
Other Income + | 12 | 8 | 22 | 23 | 16 | 27 |
Interest | 9 | 19 | 19 | 17 | 22 | 17 |
Depreciation | 62 | 109 | 110 | 114 | 125 | 136 |
Profit before tax | 268 | 292 | 391 | 311 | 210 | 262 |
Tax % | 35% | 22% | 25% | 25% | 26% | |
Net Profit + | 175 | 226 | 292 | 233 | 154 | 194 |
EPS in Rs | 7.07 | 9.11 | 11.74 | 9.35 | 6.21 | 7.79 |
Dividend Payout % | 13% | 14% | 21% | 27% | 40% |
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