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Redtape Ltd (REDTAPE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543957 NSE: REDTAPE Retailing | Small Cap | Redtape Share Price
₹116.10 1.05 (0.91%)
As on 11-Sep'26 16:59
Redtape Ltd (REDTAPE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543957 NSE: REDTAPE Retailing | Small Cap | Redtape Share Price
₹116.10 1.05 (0.91%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹6,418 Cr.
Current Price
₹116.1
52-Week Low / High
₹102 / 163
TTM EPS
₹4.5
TTM Sales
₹2,436 Cr.
Book Value per Share
₹19.3
P/E Ratio
26.04
Lower than its 5-year historical median
Industry PE
62.6
Price to Book (P/B)
6.02
Lower than its 5-year historical median
Price to Sales (P/S)
2.63
Lower than its 5-year historical median
EV/EBITDA
13.79
Lower than its 5-year historical median
Dividend Yield
1.72%
Profitability Efficiency
Return on Equity (ROE)
26.58%
Outperforms industry median
Return on Capital Employed (ROCE)
31.03%
Outperforms industry median
Return on Assets (ROA)
10.29%
Operating Profit Margin
14.6%
Net Profit Margin
9.95%
Gross Profit Margin
17%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.62%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
60.51%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
41.5%
Asset Quality
Promoter Holding
71.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹955 Cr.
Equity
₹110.6 Cr.
Face Value
₹2
All Time Low / High
₹102.05 / 245.45
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Redtape Ltd a good quality company?
Redtape Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Redtape Ltd performance compare with that of its Peers?
Revenue growth of Redtape Ltd vs industry peers?
Redtape Ltd revenue CAGR is 18.10%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Redtape Ltd?
Promoters hold 71.83% of the Redtape Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Redtape Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 3.21% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Redtape Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | -71.8% | 72.6% | 39.4% | 31% | 31.3% | - |
| Value Creation Index ⓘ | -6.3 | 4.4 | 1.9 | 1.3 | 1.3 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 0 | 1,459 | 1,832 | 2,018 | 2,415 | 2,432 |
| Sales YoY Gr. | - | NA | 25.6% | 10.2% | 19.6% | - |
| Adj EPS ⓘ | -0.2 | 2.5 | 3.1 | 3.1 | 4.2 | 4.6 |
| YoY Gr. | - | NA | 25.6% | 0% | 36.9% | - |
| BVPS (₹) ⓘ | 0.3 | 8.4 | 11.4 | 14.3 | 18.5 | 19.4 |
| Adj Net Profit ⓘ | -0 | 136 | 171 | 171 | 234 | 252 |
| Cash Flow from Ops. ⓘ | -0 | 111 | 81.6 | 1.6 | 176 | - |
| Debt/CF from Ops. ⓘ | 0 | 0.7 | 2 | 228.7 | 2.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 18.3% | 19.6% | ||||
| Adj EPS ⓘ | NA | NA | 19.8% | 36.9% | ||||
| BVPSⓘ | NA | NA | 30% | 29.9% | ||||
| Share Price | - | - | 2.7% | -16.1% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -71.8 | 58.4 | 31.1 | 24 | 25.8 | 24 |
| Op. Profit Mgn % ⓘ | 0 | 16.2 | 17 | 10.9 | 14.8 | 18.2 |
| Net Profit Mgn % ⓘ | 0 | 9.3 | 9.3 | 8.5 | 9.7 | 10.3 |
| Debt to Equity ⓘ | 0 | 0.2 | 0.3 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 97 | 172 | 223 | 235 | 120 |
| Cash Conv. Cycle ⓘ | 0 | 49 | 89 | 133 | 123 | 37 |
Valuation of Redtape - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 303 | 1,468 | 1,843 | 2,021 | 2,419 |
| Operating Expenses ⓘ + | 256 | 1,224 | 1,524 | 1,801 | 2,066 |
| Operating Profit ⓘ | 47 | 244 | 319 | 220 | 353 |
| Operating Profit Margin (%) | 15.5% | 16.6% | 17.3% | 10.9% | 14.6% |
| Other Income ⓘ + | 0 | 7 | 13 | 151 | 133 |
| Interest ⓘ | 4 | 17 | 37 | 54 | 73 |
| Depreciation ⓘ | 2 | 44 | 59 | 83 | 88 |
| Profit Before Tax ⓘ | 41 | 189 | 236 | 233 | 324 |
| Tax ⓘ | 12 | 47 | 60 | 63 | 84 |
| Profit After Tax | 29 | 142 | 176 | 170 | 241 |
| PAT Margin (%) | 9.6% | 9.7% | 9.6% | 8.4% | 10.0% |
| Adjusted EPS (₹) | 5,808.0 | 2.6 | 3.2 | 3.1 | 4.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 73.20% | 46% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 308 | 477 | 648 | 789 | 1,021 | ||||||
| Debt + | 23 | 64 | 134 | 333 | 366 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 168 | 344 | 276 | 523 | 365 | ||||||
| Others Liabilities ⓘ | 327 | 354 | 589 | 643 | 635 | ||||||
| Total Liabilities ⓘ | 826 | 1,239 | 1,647 | 2,288 | 2,387 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 304 | 368 | 646 | 717 | 750 | ||||||
| CWIP ⓘ | 17 | 71 | 17 | 46 | 25 | ||||||
| Investments ⓘ | 1 | 1 | 0 | 0 | 0 | ||||||
| Inventories | 397 | 643 | 764 | 1,221 | 1,152 | ||||||
| Trade Receivables | 56 | 84 | 91 | 110 | 210 | ||||||
| Cash Equivalents | 14 | 26 | 21 | 15 | 10 | ||||||
| Others Assets ⓘ | 37 | 46 | 108 | 179 | 240 | ||||||
| Total Assets ⓘ | 826 | 1,239 | 1,647 | 2,288 | 2,387 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 44 | 127 | 84 | 4 | 174 |
| Cash Flow From Investing Activity ⓘ + | -49 | -127 | -116 | -109 | -84 |
| Cash Flow From Financing Activity ⓘ + | -17 | 12 | 26 | 99 | -94 |
| Net Cash Flow ⓘ | -22 | 12 | -5 | -6 | -4 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 29.82 | 31.33 | 23.66 | 26.58 | ||||||
| ROCE (%) | 37.05 | 39.93 | 29.25 | 31.03 | ||||||
| Asset Turnover Ratio | 1.19 | 1.28 | 1.03 | 1.03 | ||||||
| PAT to CFO Conversion(x) | 1.52 | 0.89 | 0.48 | 0.02 | 0.72 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 20.90 | 17.30 | 18.20 | 24.20 | ||||||
| Inventory Days | 159.80 | 139.40 | 179.30 | 179.10 | ||||||
| Payable Days | 164.40 | 120.80 | 133.60 | 118.10 | ||||||
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Redtape Ltd FAQs
The current trading price of Redtape on 11-Sep-2026 16:59 is ₹116.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Redtape stood at ₹6,418.1 Cr
The latest P/E ratio of Redtape as of 10-Sep-2026 is 25.49.
The latest P/B ratio of Redtape as of 10-Sep-2026 is 5.99.
The 52-week high of Redtape is ₹163.2 and the 52-week low is ₹102.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Redtape is ₹2,432 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Redtape Ltd is a below average quality company.
The key valuation ratios of Redtape Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Redtape Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Redtape Ltd
RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.
The story dates back to 1996 when it became one of the first Indian Footwear Brands to be available in the leading Global Markets such as the UK & US. Since then, Redtape has only moved onward and upward.
Presently, it is a Global Fashion Brand for the Young and Fashionable Generation. It has a strong presence in the UK where it is sold through the Top-Chain Stores and Multi-Brand Outlets. In the US and Europe, where it has a growing presence, the brand is sold through multi-brand outlets. It has also developed a significant online presence in such markets. It has also established itself in the markets of Australia, Turkiye, and UAE. Having exclusive showrooms in India, Dubai, Sharjah, Nepal, and Sri Lanka, the brand aims to expand its presence across the globe.
On the global front, the company’s footprint spans across many Countries and Continents. It is listed among the top Footwear Brands striding ahead in the market. The brand has gained a strong foothold in the niche markets of India, UK, US, Australia, Turkiye, UAE, France, Germany, West Asia and South Africa and others.
Having established its mark in the most Lucrative and Fashionable International Markets, it has achieved exponential growth in India. Its Omni-Channel Retail Strategy, with a Strong Emphasis on Digital Infrastructure, is enabling it to consistently increase its domestic reach and deliver an engaging and seamless brand experience to consumers both in-store and online.
The company’s Expertise in Product Innovation, along with the Strong Fashion Sensibilities, has also inspired it to foray into Clothing and Accessory Segments in both Domestic and Global Markets.
On February 21 of this year, the company announced that it had received approval for a composite scheme of arrangement involving RTS Fashions Private Limited, Mirza International Limited, and Redtape Limited. This scheme became effective on February 25, 2023.
The scheme involves the demerger of Redtape from Mirza International and the amalgamation of the entity owned by the promoter group, RTS Fashions, with Mirza International.
Redtape has received approval from BSE Lmited and National Stock Exchange of India, for Listing and Trading of Equity Shares of Redtape effective from August 11,2023.
Business area of the company
The company is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups.
The brand has raised the bar and has diversified its product line from just catering to the footwear needs of its consumers to an amazing mix of casual and semi-formal apparels including Shirts, T-Shirts, Ethnic Wear, Trousers, Denims, Sweaters, Jackets, Belts, Socks, Wallets, & Handkerchief.
Brands
- RedTape
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