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Relaxo FootwearsBOM:530517 +0.58%83 Interest Coverage is 14.62 as of Mar. 2026, which is 10% below its 10-year median of 16.21. GuruFocus rates BOM:530517 with a GF Score™ of 83/100 and a GF Value™ of ₹661.08 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 733 Manufacturing - Apparel & Accessories companies, Relaxo Footwears ranks better than 61.39% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Relaxo Footwears's
Operating Income
for the
three
months ended in Mar. 2026 was ₹849 Mil. Relaxo Footwears's Interest Expense for the
three
months ended in Mar. 2026 was ₹-58 Mil.
Relaxo Footwears's interest coverage for the quarter that ended in Mar. 2026 was 14.62.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Relaxo Footwears's Interest Coverage or its related term are showing as below:
BOM:530517'
s Interest Coverage Range Over the Past 10 Years
Min: 10.07 Med: 16.21 Max: 39.14
Current: 10.07
BOM:530517's Interest Coverage is ranked better than 61.39% of 733
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.44
vs BOM:530517: 10.07
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Relaxo Footwears Interest Coverage Related Terms
Relaxo Footwears Interest Coverage Historical Data
* Premium members only.
The historical data trend for Relaxo Footwears's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BOM:530517 vs NKE, DECK, ONON: Interest Coverage Comparison
For the Footwear & Accessories subindustry, Relaxo Footwears's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Relaxo Footwears's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Relaxo Footwears's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 14.62 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Relaxo Footwears and its competitors. This is 10% below median its historical median of 16.21. Over the past decade, Relaxo Footwears' Interest Coverage has ranged from 10.07 to 39.14. According to the industry distribution chart, Relaxo Footwears ranks #283 out of 733 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.6%.
Is Relaxo Footwears' Interest Coverage too high?
Relaxo Footwears' current Interest Coverage of 14.62 is 10% below median its 10-year median of 16.21. Over the past 10 years, this metric has ranged from a low of 10.07 to a high of 39.14. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.44. Relaxo Footwears' value of 14.62 is 168.8% above this industry median. Based on the distribution chart, Relaxo Footwears ranks #283 out of 733 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' Interest Coverage compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Relaxo Footwears ranks #283 out of 733 companies for Interest Coverage. This puts Relaxo Footwears in the upper half of its industry. The industry median Interest Coverage is 5.44. Relaxo Footwears' value of 14.62 is 168.8% above this benchmark. Historically, Relaxo Footwears' own Interest Coverage has ranged from 10.07 to 39.14 over the past decade. While the company's 10-year median is 16.21 vs. the industry median of 5.44, 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 Interest Coverage for a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.44, based on 733 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Relaxo Footwears's current Interest Coverage of 14.62 is 168.8% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Relaxo Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relaxo Footwears's current Interest Coverage is 14.62, which is 10% below median its own 10-year median of 16.21. 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 ₹661.08, compared to a current price of ₹397.10 — trading 39.9% below its estimated fair value. The current Interest Coverage is 14.62, which is 10% below median its 10-year median of 16.21 and 168.8% above the Manufacturing - Apparel & Accessories industry median of 5.44. Relaxo Footwears' overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Relaxo Footwears (BOM:530517), the current Interest Coverage is 14.62 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 ₹397.10 is trading 39.9% below its estimated GF Value™ of ₹661.08.
GuruFocus considers Relaxo Footwears to be Significantly Undervalued.
Key valuation signals for BOM:530517:
Interest Coverage: 14.62 (10% below median its 10-year median of 16.21)
GF Value™: ₹661.08 vs. price of ₹397.10 (39.9% below fair value)
Industry Position: 168.8% above the Manufacturing - Apparel & Accessories median (#283 of 733)
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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