4,75,300% Returns: How Relaxo Footwears Put The Right Foot Forward
Had you invested ₹1 lakh in Relaxo Footwears in October 2002, you could have had ₹47 crores today! This multibagger gave its investors 4,75,300% returns within a span of two decades. Let’s take a closer look at the company.
👟 Stock: Relaxo Footwears Ltd.
👟 NSE: $RELAXO
🌱 About the Company
Relaxo Footwears is the largest footwear manufacturing company in India, which deals in non-leather products including rubber slippers, canvas shoes, sports shoes, sandals, school shoes etc. It is also the leader in value-segment footwear.
It has a portfolio of renowned brands like Relaxo, Sparx, Flite and Bahamas that are designed with a focus on fashion, comfort, aesthetics, price and saleability. The company sells its products through distributors, retail outlets, exports and e-commerce.
📖 The Company’s History
◾ Launched its IPO to set up a plant in Haryana
◾ Launched ‘Flite’ and ‘Sparx’ brands
◾ Launched the first COCO store
◾ Commenced Exports.
◾ Signed top-notch celebrities as brand ambassadors
◾ Strengthened distribution and supply chain management
◾ Launched e-commerce platform
◾ Set up 8th plant in Rajasthan
◾ Merger with ‘RRPL’ and ‘MPPL’
It has 8 state-of-the-art manufacturing facilities with a capacity to produce 10 lakh pairs a day and has a combined manufacturing capacity of 30 crore pairs per annum, which is the largest when compared to its key competitors in India. Its distribution network comprises 60,000+ retailers, 650 distributors and 394 exclusive brand outlets with availability on all major e-commerce portals. It also exports to 30 countries and has one overseas office in Dubai.
💰 Stock Value
📅 On July 1, 2015, a bonus in the ratio of 1:1 (117647 x 2)
📅 On June 26, 2019, a bonus in the ratio of 1:1 (235294 x 2)
The effective number of shares went from 1,17,647 to 4,70,588
On October 7, 2002, the shares of the company were trading at ₹0.85, while they were priced at ₹1010.15 as of October 6, 2022.