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Relaxo FootwearsBOM:530517 -0.53%76 Return-on-Tangible-Equity is 12.32% as of Mar. 2026, which is 28% below its 10-year median of 17.04. GuruFocus rates BOM:530517 with a GF Score™ of 76/100 and a GF Value™ of ₹638.28 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Relaxo Footwears ranks better than 64.77% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Relaxo Footwears's annualized net income for the quarter that ended in Mar. 2026 was ₹2,707 Mil. Relaxo Footwears's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹21,975 Mil. Therefore, Relaxo Footwears's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.32%.
The historical rank and industry rank for Relaxo Footwears's Return-on-Tangible-Equity or its related term are showing as below:
BOM:530517'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.37 Med: 17.04 Max: 25.78
Current: 8.43
During the past 13 years, Relaxo Footwears's highest Return-on-Tangible-Equity was 25.78%. The lowest was 8.37%. And the median was 17.04%.
BOM:530517's Return-on-Tangible-Equity is ranked better than 64.77% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.47
vs BOM:530517: 8.43
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Relaxo Footwears Return-on-Tangible-Equity Related Terms
Relaxo Footwears Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Relaxo Footwears's Return-on-Tangible-Equity 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-Equity Comparison
For the Footwear & Accessories subindustry, Relaxo Footwears's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Relaxo Footwears's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Relaxo Footwears's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.32% mean?
Relaxo Footwears (BOM:530517) has a Return-on-Tangible-Equity of 12.32% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Relaxo Footwears and its competitors. This is 28% below median its historical median of 17.04. Over the past decade, Relaxo Footwears' Return-on-Tangible-Equity has ranged from 8.37 to 25.78. According to the industry distribution chart, Relaxo Footwears ranks #359 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 35.2%.
Is Relaxo Footwears' Return-on-Tangible-Equity too high?
Relaxo Footwears' current Return-on-Tangible-Equity of 12.32% is 28% below median its 10-year median of 17.04. Over the past 10 years, this metric has ranged from a low of 8.37 to a high of 25.78. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.47. Relaxo Footwears' value of 12.32% is 175.6% above this industry median. Based on the distribution chart, Relaxo Footwears ranks #359 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Relaxo Footwears has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Relaxo Footwears' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Relaxo Footwears ranks #359 out of 1019 companies for Return-on-Tangible-Equity. This puts Relaxo Footwears in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.47. Relaxo Footwears' value of 12.32% is 175.6% above this benchmark. Historically, Relaxo Footwears' own Return-on-Tangible-Equity has ranged from 8.37 to 25.78 over the past decade. While the company's 10-year median is 17.04 vs. the industry median of 4.47, 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-Equity for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.47, based on 1,019 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Relaxo Footwears's current Return-on-Tangible-Equity of 12.32% is 175.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Relaxo Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relaxo Footwears's current Return-on-Tangible-Equity is 12.32%, which is 28% below median its own 10-year median of 17.04. 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 ₹638.28, compared to a current price of ₹423.25 — trading 33.7% below its estimated fair value. The current Return-on-Tangible-Equity is 12.32%, which is 28% below median its 10-year median of 17.04 and 175.6% above the Manufacturing - Apparel & Accessories industry median of 4.47. Relaxo Footwears' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Relaxo Footwears (BOM:530517), the current Return-on-Tangible-Equity is 12.32% 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 ₹423.25 is trading 33.7% below its estimated GF Value™ of ₹638.28.
GuruFocus considers Relaxo Footwears to be Significantly Undervalued.
Key valuation signals for BOM:530517:
Return-on-Tangible-Equity: 12.32% (28% below median its 10-year median of 17.04)
GF Value™: ₹638.28 vs. price of ₹423.25 (33.7% below fair value)
Industry Position: 175.6% above the Manufacturing - Apparel & Accessories median (#359 of 1019)
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.
76GF Score
Get the complete analysis for BOM:530517
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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