Is Redtape Ltd (REDTAPE) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Redtape Ltd is a below average quality company .

Is Redtape Ltd (REDTAPE) undervalued or overvalued?

The key valuation ratios of Redtape Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Redtape Ltd (REDTAPE) share price return in the past 10 years?

Data is not available for this company

Is Redtape Ltd (REDTAPE) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Redtape Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Redtape Ltd (REDTAPE)?

Company share prices are keep on changing according to the market conditions. The current trading price of Redtape Ltd (REDTAPE) on 10-Apr-2026 16:59:59 at 16:59 is 122.60.

What is the market cap of Redtape Ltd (REDTAPE)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Redtape stood at Rs. 6777.42 Cr.

What is the P/E ratio of Redtape?

The latest standalone P/E ratio of Redtape as of 10-Apr-2026 is 29.83.

What is the P/B ratio of Redtape Ltd (REDTAPE)?

The latest standalone P/B ratio of Redtape Ltd (REDTAPE) as of 10-Apr-2026 is 7.03.

What is the 52-week high and low of Redtape Ltd (REDTAPE)?

The 52-week high of Redtape Ltd (REDTAPE) is Rs. 163.20 and the 52-week low is Rs. 102.05.

What is the TTM revenue of Redtape Ltd (REDTAPE)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Redtape is Rs. 2244.09 (Cr.).

Redtape Ltd (REDTAPE) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Redtape Ltd (REDTAPE)
Brand: Redtape

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-71.8%	72.6%	39.4%	31%	-
Value Creation Index ⓘ	-6.3	4.4	1.9	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	1,459	1,832	2,018	2,244
Sales YoY Gr.	-	NA	25.6%	10.2%	-
Adj EPS ⓘ	-0.2	2.5	3.1	3.3	4.1
YoY Gr.	-	NA	25.6%	5.5%	-
BVPS (₹) ⓘ	0.3	8.4	11.4	14.3	17.4
Adj Net Profit ⓘ	-0	136	171	180	227
Cash Flow from Ops. ⓘ	-0	111	81.6	-3	-
Debt/CF from Ops. ⓘ	0	0.7	2	-122.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	NA	10.2%
Adj EPS ⓘ	NA	NA	NA	5.5%
BVPSⓘ	NA	NA	266.4%	24.7%
Share Price	-	-	-	-15%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-71.8	58.4	31.1	25.4	25.9
Op. Profit Mgn % ⓘ	0	16.2	17	16.8	17.9
Net Profit Mgn % ⓘ	0	9.3	9.3	8.9	10.1
Debt to Equity ⓘ	0	0.2	0.3	0.5	-
Working Cap Days ⓘ	0	97	172	223	134
Cash Conv. Cycle ⓘ	0	49	89	132	35

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.56%

Return on Equity has declined versus last 3 years average to 25.90%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

	Standalone	Consolidated
TTM EPS (₹)	4.1	3.8
TTM Sales (₹ Cr.)	2,244	2,249
BVPS (₹) ⓘ	17.4	17.4
Reserves (₹ Cr.) ⓘ	853	851
P/BV ⓘ	7.03	7.05
PE ⓘ	29.83	31.95

From the Market
52 Week Low / High (₹)	102.05 / 163.20
All Time Low / High (₹)	102.05 / 245.45
Market Cap (₹ Cr.)	6,777
Equity (₹ Cr.)	110.6
Face Value (₹)	2
Industry PE ⓘ	73.1

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	1,459	1,832	2,018
Operating Expenses ⓘ +	0	1,222	1,522	1,679
Manufacturing Costs	0	67	54	50
Material Costs	0	763	936	1,074
Employee Cost	0	66	92	119
Other Costs ⓘ	0	326	441	437
Operating Profit ⓘ	-0	236	310	339
Operating Profit Margin (%)	-	16.2%	16.9%	16.8%
Other Income ⓘ +	0	7	13	45
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0	17	37	54
Depreciation ⓘ	0	44	59	83
Profit Before Tax ⓘ	-0	181	227	247
Tax ⓘ	0	45	57	63
Profit After Tax	-0	136	170	184
PAT Margin (%)	-	9.3%	9.3%	9.1%
Adjusted EPS (₹)	-0.2	2.5	3.1	3.3
Dividend Payout Ratio (%)	0%	0%	0%	67%

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	0	466	632	788
Share Capital ⓘ	0	28	28	111
Reserves ⓘ	-0	438	605	678
Debt +	0	64	134	333
Long Term Debt	0	31	25	15
Short Term Debt	0	34	109	318
Minority Interest	0	0	0	0
Trade Payables	0	344	275	500
Others Liabilities ⓘ	0	353	586	660
Total Liabilities ⓘ	0	1,227	1,627	2,281
Fixed Assets
Net Fixed Assets ⓘ +	0	368	645	716
Gross Block	0	545	859	992
Accumulated Depreciation	0	177	214	276
CWIP ⓘ	0	71	17	46
Investments ⓘ	0	1	0	0
Inventories	0	643	760	1,218
Trade Receivables	0	84	90	111
Cash Equivalents	0	15	8	12
Others Assets ⓘ	0	45	106	178
Total Assets ⓘ	0	1,227	1,627	2,281

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0	111	82	-3
PBT ⓘ	-0	181	227	247
Adjustment ⓘ	0	54	87	109
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	0	0	0	-1
Others ⓘ	0	5	0	16
Cash Flow From Financing Activity ⓘ +	0	12	26	99
Net Proceeds from Shares ⓘ	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	19	-6	-10
Interest Paid ⓘ	0	-8	-14	-22
Dividend Paid ⓘ	0	0	0	-28
Others ⓘ	0	1	46	158
Net Cash Flow ⓘ	0	7	-7	2

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	58.38	30.92	25.98
ROCE (%)	N/A	72.62	39.39	30.97
Asset Turnover Ratio	0	2.38	1.28	1.03
PAT to CFO Conversion(x)	N/A	0.82	0.48	-0.02
Working Capital Days
Receivable Days	0	21	17	18
Inventory Days	0	161	140	179
Payable Days	0	82	121	132

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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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Redtape Ltd (REDTAPE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Redtape Share Price