Relaxo Footwear Mutibagger 3 years time frame Long Term

Relaxo Footwear Mutibagger 3 years time frame Long Term

• When we think of Footwear we always think of Bata, But there is another brand that is slowly catching up
• Its Relaxo Footwear India's Second largest footwear and has strong brand ambassador like Salman khan, Akshay Kumar and Sonakshi Sinha

• The company began as a small enterprise in the year 1976 and was officially incorporated in 1984 and further went into public listing in 1995.

• Relaxo Footwear commenced its journey with the manufacture of Hawaii slippers. It has now grown into a large-scale entrepreneurship catering to the basic needs of the quintessential Indian citizen. From a modest sales figure of Rs. 1 million in 1977 to more than Rs. 8700 million last year 

• Today, the company manufactures over 3 lakh pairs of footwear per day, which approximately adds up to over 10 million pairs per year. 
• Some of Well known Brands are Hawaii,Flite,SchoolMate,sparx,Bahamas
• The company has doubled its Profits and EPS. FY14 revenue grew by 20% to over 1,200 Crore and EBITDA margins have improved from 11.04% in FY13 to 12.39% in FY14, a significant 34.7% increase in operating bottom line. 
•  To give boost to the footwear industry, the government has already announced relaxation in the excise duty on footwear in the price range of 500 to 1000. 
• We recommend to invest in this stock with a time horizon of 3 years and the stock could be a true multibagger