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Relaxo FootwearsBOM:530517 -0.64%86 Return-on-Tangible-Asset is 7.47% as of Jun. 2026, which is 34% below its 10-year median of 11.38. GuruFocus rates BOM:530517 with a GF Score™ of 86/100 and a GF Value™ of ₹519.92 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,074 Manufacturing - Apparel & Accessories companies, Relaxo Footwears ranks better than 77.37% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Relaxo Footwears's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,198 Mil. Relaxo Footwears's average total tangible assets for the quarter that ended in Jun. 2026 was ₹29,401 Mil. Therefore, Relaxo Footwears's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.47%.
The historical rank and industry rank for Relaxo Footwears's Return-on-Tangible-Asset or its related term are showing as below:
BOM:530517'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.26 Med: 11.38 Max: 14.82
Current: 6.5
During the past 13 years, Relaxo Footwears's highest Return-on-Tangible-Asset was 14.82%. The lowest was 6.26%. And the median was 11.38%.
BOM:530517's Return-on-Tangible-Asset is ranked better than 77.37% of 1074
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.34
vs BOM:530517: 6.50
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Relaxo Footwears Return-on-Tangible-Asset Related Terms
Relaxo Footwears Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Relaxo Footwears's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Relaxo Footwears's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Relaxo Footwears's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Relaxo Footwears's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.47% mean?
Relaxo Footwears (BOM:530517) has a Return-on-Tangible-Asset of 7.47% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Relaxo Footwears and its competitors. This is 34% below median its historical median of 11.38. Over the past decade, Relaxo Footwears' Return-on-Tangible-Asset has ranged from 6.26 to 14.82. According to the industry distribution chart, Relaxo Footwears ranks #243 out of 1074 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.6%.
Is Relaxo Footwears' Return-on-Tangible-Asset too high?
Relaxo Footwears' current Return-on-Tangible-Asset of 7.47% is 34% below median its 10-year median of 11.38. Over the past 10 years, this metric has ranged from a low of 6.26 to a high of 14.82. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.34. Relaxo Footwears' value of 7.47% is 219.2% above this industry median. Based on the distribution chart, Relaxo Footwears ranks #243 out of 1074 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Relaxo Footwears has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Relaxo Footwears' Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Relaxo Footwears ranks #243 out of 1074 companies for Return-on-Tangible-Asset. This places Relaxo Footwears in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.34. Relaxo Footwears' value of 7.47% is 219.2% above this benchmark. Historically, Relaxo Footwears' own Return-on-Tangible-Asset has ranged from 6.26 to 14.82 over the past decade. While the company's 10-year median is 11.38 vs. the industry median of 2.34, 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 Return-on-Tangible-Asset for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.34, based on 1,074 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Relaxo Footwears's current Return-on-Tangible-Asset of 7.47% is 219.2% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Relaxo Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relaxo Footwears's current Return-on-Tangible-Asset is 7.47%, which is 34% below median its own 10-year median of 11.38. 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 ₹519.92, compared to a current price of ₹324.90 — trading 37.5% below its estimated fair value. The current Return-on-Tangible-Asset is 7.47%, which is 34% below median its 10-year median of 11.38 and 219.2% above the Manufacturing - Apparel & Accessories industry median of 2.34. Relaxo Footwears' overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Relaxo Footwears (BOM:530517), the current Return-on-Tangible-Asset is 7.47% as of Jun. 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 ₹324.90 is trading 37.5% below its estimated GF Value™ of ₹519.92.
GuruFocus considers Relaxo Footwears to be Significantly Undervalued.
Key valuation signals for BOM:530517:
Return-on-Tangible-Asset: 7.47% (34% below median its 10-year median of 11.38)
GF Value™: ₹519.92 vs. price of ₹324.90 (37.5% below fair value)
Industry Position: 219.2% above the Manufacturing - Apparel & Accessories median (#243 of 1074)
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.
86GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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