Key Metrics of Relaxo Footwears
About Relaxo Footwears
Sectors
Company details
- Website
- relaxofootwear.com
- Founded
- 1976
- Registered office
- Aggarwal City Square Plot No 10 Manglam Place, District Centre Sector-3, Rohini , Delhi North West, Delhi, In-dl, 110085
- Listed
- NSE: RELAXO · ₹283.85
Operational Areas of Relaxo Footwears
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Sep 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹260 Cr | View |
| 25 Mar 2015 | CARE | Other | — | — | — | ₹2,949 Cr | View |
| 08 Nov 2013 | CARE | Assigned (from A) | — | — | — | ₹295 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Long track record in Indian footwear industry
RFL was incorporated in 1984 and its promoters have been involved in the footwear business for more than four decades.
+ Diversified product portfolio and good brand recall
RFL started as a manufacturer of rubber-based hawai slippers.
+ Strong financial profile
RFL reported revenues of Rs. 2,702 crore in FY2026 (down 3% YoY) amid subdued demand in the mass segment although it rebounded in Q1FY2027 (8% growth YoY).
Credit challenges
− Stiff competition in footwear industry
The footwear industry is inherently competitive owing to the strong presence of the unorganised sector.
− Vulnerability of earnings to volatility in raw material prices and forex rates
The margins of the company are affected by raw material price fluctuations.
Could lead to an upgrade
Improvement in profitability and scale of operations, while maintaining the current comfortable leverage and strong
Could lead to a downgrade
A material drop in the company’s market position, leading to a sustained decline in earnings or substantial capex plans, resulting in a deterioration in the
Agency-reported financials (ICRA, 30 Sep 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income | ₹2,790 Cr | ₹2,702 Cr | ₹705 Cr |
| PAT | ₹160 Cr | ₹175 Cr | ₹54.90 Cr |
| OPBDIT/OI | 13.8% | 13.9% | 15.3% |
| PAT/OI | 5.7% | 6.5% | 7.8% |
| Total outside liabilities/Tangible net worth (times) 0.3 0.3 Not available | 0.30× | 0.30× | — |
| Total debt/OPBDIT (times) 0.6 0.6 Not available | 0.60× | 0.60× | — |
| Interest coverage (times) | 16.30× | 15.60× | 18.30× |
| Revenue growth (YoY) | — | −3.1% | — |
| EBITDA (margin × income) | ₹385 Cr | ₹376 Cr | ₹108 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹231 Cr | ₹225 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹23.62 Cr | ₹24.08 Cr | ₹5.90 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Mobile: +91-9819009839 Mobile: +91-9819698985 E-mail: meenal.sikchi careratings.com E-mail: ankur.sachdeva careratings.com CREDIT ANALYSIS & RESEARCH LIMITED Co | Other | ₹400 Cr | ₹22.0 Cr | −94.5% | — | Other | CARE |
| Tel: +91-22-6754 | Fax: +91-22-6754 | E-mail: care careratings.com Other Office: Kaledonia, Sahar Road, Near Andheri Railway Station, Andheri (E), Mumbai Tel: + | Other | ₹400 Cr | ₹69.0 Cr | −82.8% | — | Other | CARE |
| Satellite, Ahmedabad Madho Singh Road, Near Collectorate Circle | Other | ₹380 Cr | ₹15.0 Cr | −96.1% | — | Other | CARE |
| Cell: +91-98242 Bani Park, Jaipur 016. | Other | — | ₹302 Cr | — | — | Other | CARE |
| Tel: +91-79-4026 Cell: +91 – E-mail: mehul.pandya careratings.com Tel: +91-141-402 E-mail: harshraj.sankhla careratings.com BENGALURU Mr. Dinesh Sharma KOLKATA | Other | — | ₹560 Cr | — | — | Other | CARE |
| Cell: +91-99000 10A, Shakespeare Sarani, Kolkata 071. | Other | — | ₹700 Cr | — | — | Other | CARE |
| Tel: +91-80-4115 Cell: +91-98319 E-mail: dinesh.sharma careratings.com Tel: +91-33-E-mail: priti.agarwal careratings.com CHANDIGARH Mr. Sajan Goyal NEW DELHI 2n | Other | — | ₹160 Cr | — | — | Other | CARE |
| Cell: +91 Jhandewalan Extension, New Delhi 055. | Other | — | ₹110 Cr | — | — | Other | CARE |
| Tel: +91-172-5171 Cell: +91-98117 Email: sajan.goyal careratings.com Tel: +91-11-4533 E-mail: swati.agrawal careratings.com CHENNAI Mr. V Pradeep Kumar PUNE Uni | Other | — | ₹600 Cr | — | — | Other | CARE |
| Cell: +91 Plot No. Bhamburda, Senapati Bapat Road, Tel: +91-44-2849 Shivaji Nagar, Pune 015. | Other | — | ₹411 Cr | — | — | Other | CARE |
Credit assessment · Footwear
ICRA Rating Methodology – Footwear (Sep 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 82% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 78% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 18.3×
Rated limits by facility
Timeline
From the report
RFL’s financial profileremains comfortable, reflected by its large scale of operations and accruals, no external debt and strong liquidity (cash and cash equivalent of more than Rs. 400 crore as of June 30, 2026 and undrawn working capital limits of more than Rs. 130 crore).
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Relaxo Footwears
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Bata India |
Footwear · Apparel, Textiles & Footwear | bata.com/in | — | Kolkata, India |
 Metro Brands |
Footwear · Apparel, Textiles & Footwear | metrobrands.com | — | Mumbai, India |
| Footwear · Apparel, Textiles & Footwear | redtape.com | — | Noida, Uttar Pradesh, India | |
 Campus Activewear |
Footwear · Apparel, Textiles & Footwear | campusshoes.com | — | New Delhi, India |
| Mirza International (Red Tape) | Footwear · Apparel, Textiles & Footwear | — | — | India |
| Outlets operated by Aero Club. | woodlandworldwide.com | — | India | |
 Khadim India Limited |
Footwear · Manufacturing (Leather and products thereof) | khadims.com | — | North 24 Parganas, West Bengal, India |
| Footwear · Apparel, Textiles & Footwear | libertyshoes.com | 1954 | Karnal, India | |
| Calsea Footwear Private Limited | Footwear · Apparel, Textiles & Footwear | — | — | Vellore, Tamil Nadu, India |
| Farida Shoes Private Limited | Footwear · Apparel, Textiles & Footwear | — | — | Tamil Nadu, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Footwear
Filings
No filings on record yet.