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Relaxo FootwearsBOM:530517 +19.99%83 Current Ratio is 2.33 as of Mar. 2026, which is 2% below its 10-year median of 2.37. GuruFocus rates BOM:530517 with a GF Score™ of 83/100 and a GF Value™ of ₹662.23 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Relaxo Footwears ranks better than 63.8% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Relaxo Footwears's current ratio for the quarter that ended in Mar. 2026 was 2.33.
Relaxo Footwears has a current ratio of 2.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for Relaxo Footwears's Current Ratio or its related term are showing as below:
BOM:530517'
s Current Ratio Range Over the Past 10 Years
Min: 1.24 Med: 2.37 Max: 2.74
Current: 2.33
During the past 13 years, Relaxo Footwears's highest Current Ratio was 2.74. The lowest was 1.24. And the median was 2.37.
BOM:530517's Current Ratio is ranked better than 63.8% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.8
vs BOM:530517: 2.33
Relaxo Footwears (BOM:530517) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Relaxo Footwears Current Ratio Related Terms
Relaxo Footwears Current Ratio Historical Data
* Premium members only.
The historical data trend for Relaxo Footwears's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:530517 vs NKE, DECK, ONON: Current Ratio Comparison
For the Footwear & Accessories subindustry, Relaxo Footwears's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Relaxo Footwears Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Relaxo Footwears's Current Ratio distribution charts can be found below:
* The bar in red indicates where Relaxo Footwears's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Relaxo Footwears (BOM:530517) has a Current Ratio of 2.33 as of Mar. 2026. This is near median its historical median of 2.37. Over the past decade, Relaxo Footwears' Current Ratio has ranged from 1.24 to 2.74. According to the industry distribution chart, Relaxo Footwears ranks #387 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 36.2%.
Is Relaxo Footwears' Current Ratio too high?
Relaxo Footwears' current Current Ratio of 2.33 is near median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 2.74. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.80. Relaxo Footwears' value of 2.33 is 29.4% above this industry median. Based on the distribution chart, Relaxo Footwears ranks #387 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Relaxo Footwears has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Relaxo Footwears' Current Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Relaxo Footwears ranks #387 out of 1069 companies for Current Ratio. This puts Relaxo Footwears in the upper half of its industry. The industry median Current Ratio is 1.80. Relaxo Footwears' value of 2.33 is 29.4% above this benchmark. Historically, Relaxo Footwears' own Current Ratio has ranged from 1.24 to 2.74 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.80, Relaxo Footwears has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.80, based on 1,069 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Relaxo Footwears's current Current Ratio of 2.33 is 29.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relaxo Footwears's current Current Ratio is 2.33, which is near median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relaxo Footwears stock overvalued right now?
Based on GuruFocus' analysis, Relaxo Footwears (BOM:530517) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹662.23, compared to a current price of ₹439.70 — trading 33.6% below its estimated fair value. The current Current Ratio is 2.33, which is near median its 10-year median of 2.37 and 29.4% above the Manufacturing - Apparel & Accessories industry median of 1.80. Relaxo Footwears' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Relaxo Footwears (BOM:530517), the current Current Ratio is 2.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Relaxo Footwears (BOM:530517) Overvalued in 2026?
Based on GuruFocus' analysis, Relaxo Footwears stock appears to be undervalued.
The current stock price of ₹439.70 is trading 33.6% below its estimated GF Value™ of ₹662.23.
GuruFocus considers Relaxo Footwears to be Significantly Undervalued.
Key valuation signals for BOM:530517:
Current Ratio: 2.33 (near median its 10-year median of 2.37)
GF Value™: ₹662.23 vs. price of ₹439.70 (33.6% below fair value)
Industry Position: 29.4% above the Manufacturing - Apparel & Accessories median (#387 of 1069)
No single metric tells the full story. See the BOM:530517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Relaxo Footwears Ltd manufactures footwear in India and sells it through various brand names such as Flite, Bahamas, Boston, Sparx, Schoolmate, Kids Fun, and Mary Jane. Roughly half of the company's production is non-leather footwear, including a wide variety of slippers, floaters, sandals, and shoes. Relaxo sells its products predominantly in India through distributors, retail stores, and e-commerce. The company has only one segment, Footwear and related products. Geographically, it generates maximum revenue from its business in India, and also has some exposure to international markets.
83GF Score
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