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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

₹136.70 -0.45 (-0.33%)

As on 04-Jun'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

₹136.70 -0.45 (-0.33%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,557 Cr.
Current Price
₹136.7
52-Week Low / High
₹102 / 163
TTM EPS
₹4.4
TTM Sales
₹2,415 Cr.
Book Value per Share
₹18.5
P/E Ratio
30.95
Lower than its 5-year historical median
Industry PE
70.6
Price to Book (P/B)
7.38
Lower than its 5-year historical median
Price to Sales (P/S)
3.13
Lower than its 5-year historical median
EV/EBITDA
16.42
Lower than its 5-year historical median
Dividend Yield
1.54%
Profitability Efficiency
Return on Equity (ROE)
25.98%
Outperforms industry median
Return on Capital Employed (ROCE)
30.97%
Outperforms industry median
Return on Assets (ROA)
9.44%
Operating Profit Margin
16.8%
Net Profit Margin
9.14%
Gross Profit Margin
16.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
10.19%
Operating Profit Growth (1 Year)
-
9.44%
Net Profit Growth (1 Year)
-
8.65%
Asset Quality
Promoter Holding
71.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹914 Cr.
Equity
₹110.6 Cr.
Face Value
₹2
All Time Low / High
₹102.05 / 245.45

Redtape stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 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.

View More

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.

View More
How does Redtape Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Redtape Ltd vs industry peers?
Redtape Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.55%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Redtape Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -6.9% based on the current price.
View More

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ-71.8%72.6%39.4%31%-
Value Creation
Index ⓘ		-6.34.41.91.3-

Growth Parameters ⓘ
Sales ⓘ01,4591,8322,0182,415
Sales YoY Gr.-NA25.6%10.2%-
Adj EPS ⓘ-0.22.53.13.34.4
YoY Gr.-NA25.6%5.5%-
BVPS (₹) ⓘ0.38.411.414.318.5
Adj Net
Profit ⓘ		-0136171180244
Cash Flow from Ops. ⓘ-011181.6-3-
Debt/CF from Ops. ⓘ00.72-122.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA10.2%
Adj EPS ⓘNANANA5.5%
BVPSⓘNANA266.4%24.7%
Share Price - - - 3.1%

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-71.858.431.125.427
Op. Profit
Mgn % ⓘ		016.21716.818
Net Profit
Mgn % ⓘ		09.39.38.910.1
Debt to
Equity ⓘ		00.20.30.50
Working Cap
Days ⓘ		097172223120
Cash Conv.
Cycle ⓘ		0498913237

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales01,4591,8322,018
Operating Expenses ⓘ + 01,2221,5221,679
Manufacturing Costs0675450
Material Costs07639361,074
Employee Cost 06692119
Other Costs ⓘ 0326441437
Operating Profit ⓘ -0236310339
Operating Profit Margin (%) -16.2%16.9%16.8%
Other Income ⓘ + 071345
Exceptional Items ⓘ 0000
Interest ⓘ 0173754
Depreciation ⓘ 0445983
Profit Before Tax ⓘ -0181227247
Tax ⓘ 0455763
Profit After Tax -0136170184
PAT Margin (%) -9.3%9.3%9.1%
Adjusted EPS (₹)-0.22.53.13.3
Dividend Payout Ratio (%)0%0%0%67.40%

Valuation of Redtape - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 0466632788
Share Capital ⓘ 02828111
Reserves ⓘ -0438605678
Debt +064134333
Long Term Debt0312515
Short Term Debt034109318
Minority Interest0000
Trade Payables0344275500
Others Liabilities ⓘ 0353586660
Total Liabilities ⓘ 01,2271,6272,281

Fixed Assets

Net Fixed Assets ⓘ +0368645716
Gross Block0545859992
Accumulated Depreciation0177214276
CWIP ⓘ 0711746
Investments ⓘ 0100
Inventories06437601,218
Trade Receivables08490111
Cash Equivalents 015812
Others Assets ⓘ 045106178
Total Assets ⓘ 01,2271,6272,281

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -011182-3
PBT ⓘ -0181227247
Adjustment ⓘ 05487109
Changes in Working Capital ⓘ 0-85-172-296
Tax Paid ⓘ 0-40-61-63
Cash Flow From Investing Activity ⓘ + 0-116-115-94
Capex 0-121-115-108
Net Investments 000-1
Others ⓘ 05016
Cash Flow From Financing Activity ⓘ + 0122699
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ 019-6-10
Interest Paid ⓘ 0-8-14-22
Dividend Paid ⓘ 000-28
Others ⓘ 0146158
Net Cash Flow ⓘ 07-72

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A58.3830.9225.98
ROCE (%)N/A72.6239.3930.97
Asset Turnover Ratio02.381.281.03
PAT to CFO Conversion(x)N/A0.820.48-0.02
Working Capital Days
Receivable Days02117.4018.20
Inventory Days0160.90139.80178.80
Payable Days082.20120.60131.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Redtape Ltd FAQs

The current trading price of Redtape on 04-Jun-2026 16:59 is ₹136.7.

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 03-Jun-2026 the market cap of Redtape stood at ₹7,556.9 Cr

The latest P/E ratio of Redtape as of 03-Jun-2026 is 30.95.

The latest P/B ratio of Redtape as of 03-Jun-2026 is 7.38.

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 ₹2,415 ( 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 Strong which suggest that the price of Redtape Ltd is likely to Rise 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
  • RedTape Athleisure
  • Mode by RedTape
  • Bond Street by RedTape

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