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Redtape Ltd

₹ 119-0.38%
07 Jan 11:15 a.m. – close price
🔗redtape.com•BSE: 543957•NSE: REDTAPE
Market Cap₹ 6,578 Cr.
Current Price₹ 119
High / Low₹ 207
Stock P/E33.6
Book Value₹ 15.5
Dividend Yield0.63 %
ROCE22.9 %
ROE25.9 %
Face Value₹ 2.00
Sales₹ 2,120 Cr.
OPM16.9 %
Mar Cap₹ 6,578 Cr.

ABOUT

India's trusted leading Fashion & Lifestyle brand with over 435+ opulent stores across PAN India. RedTape 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.It was demerged from Mirza International in 2023.[1]

KEY POINTS

Background[1]Company is a prominent player in the retail footwear and garments segments for men, women and children. It sells products under three brands - REDTAPE, MODE (REDTAPE London) and BOND STREET (REDTAPE London). Most revenue comes from the domestic market with negligible exports. The company has presence of 26+ years in the footwear segment and around 15 years in the garments segment.

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsRevenue GuidanceRevenue GuidanceAsset Base ExpansionAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Metro Brands1169.9589.6731873.420.4668.98-2.67651.1411.2219.422625.2429.97355.5367.6917.5210.270.79
2.Bata India937.0064.7712043.052.0113.90-63.66801.33-4.2815.143450.1820.90186.0218.897.856.740.90
3.Relaxo Footwear400.1057.119960.030.7536.16-1.55628.54-7.4811.222645.0814.22174.2936.164.736.220.10
4.Campus Activewe.258.8063.887907.130.3820.0740.35386.6116.0020.101650.3915.32123.7720.079.979.920.48
5.Redtape119.0033.636578.410.6327.968.88491.4418.2022.902120.3816.87195.5627.967.669.701.08
6.Sreeleathers217.3621.82503.300.008.6133.4974.7119.237.31233.3813.4323.068.611.044.880.00
7.Liberty Shoes277.6535.50473.120.001.97-23.44174.231.419.99694.7810.0313.331.962.073.240.73
–Median: 9 Co.258.835.56578.410.3813.9-1.55386.6111.2212.441650.3914.5123.7718.894.736.220.73

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
475616662393441463376502504304321416491
Expenses
392513536313372385319431423260267351418
Operating Profit
8310412780687857718044556573
Other Income
139129152732310
Profit before tax
708110063414940517033333642
Tax %
28%26%26%27%26%20%17%24%22%21%22%28%34%
Net Profit
50607446313933395426262628
EPS in Rs
–1.091.340.820.550.710.590.700.98–0.460.460.51

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2971,4591,8322,0182,120
Expenses
2551,2221,5211,6791,763
Operating Profit
42236311339358
Other Income
07114554
Interest
417375464
Depreciation
244598386
Profit before tax
36181227247262
Net Profit
25136170184196
EPS in Rs
–2.463.073.343.54
Dividend Payout %
0%0%0%67%–

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:93%
TTM:26%

Compounded Sales Growth

10 Years:%
5 Years:%
3 Years:89%
TTM:7%

Return on Equity

10 Years:%
5 Years:%
3 Years:30%
Last Year:26%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-42%

Balance Sheet

Standalone figures in ₹ crores

Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.012828111111
Reserves
332438605678747
Borrowings
187260479724927
Other Liabilities
299501458707504
Total Liabilities
8181,2271,5692,2192,289
Fixed Assets
303368645716748
Gross Block
303.29544.68858.77991.87–
Accumulated Depreciation
0.00176.70214.13275.92–
CWIP
177117469
Investments
11000
Other Assets
4977879071,4561,532
Total Assets
8181,2271,5692,2192,289

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1711182-3
Cash from Investing Activity
-22-116-115-94
Cash from Financing Activity
-24122699
Net Cash Flow
-287-72

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
69211820
Inventory Days
962308296414
Days Payable
407164107170
Cash Conversion Cycle
624164207264
Working Capital Days
288485462
ROCE %
–32%29%23%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
71.77%71.77%71.77%71.79%71.80%71.80%71.80%71.80%71.80%
FIIs
2.22%2.74%3.10%3.17%3.30%3.48%3.53%3.64%3.83%
DIIs
6.44%7.30%7.86%8.89%10.20%10.23%10.25%10.27%10.77%
Public
19.58%18.20%17.28%16.16%14.72%14.50%14.44%14.30%13.60%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

REDTAPE LIMITED Confirms SEBI Compliance for Q4 FY26

2nd April 2026, 8:11 pm

Redtape Limited Closes Trading Window Ahead of Financial Results

27th March 2026, 7:37 pm

RedTape Limited Reports Strong Q3 FY26 Earnings with 43% PAT Growth; Consolidated Revenue Up 18.57%

17th February 2026, 8:58 pm

Redtape Limited Publishes Financial Results and Extends Special Window for Physical Share Dematerialization

13th February 2026, 4:48 pm

Redtape Limited Announces Q3 FY26 Unaudited Results; Auditor's Report Notes Ongoing IT Search Operations

12th February 2026, 7:45 pm

Published by Other Websites

External media mentions & references

Redtape Q3 Beats Estimates Amidst Retail Slump

12th February 2026, 3:00 pm

Footwear Stocks Surge Up to 15% on Metro Brands' Strong Q3 Earnings

28th January 2026, 11:23 am

Redtape Shares Dive 7% Amid Stake Sale Speculation Clarity

14th January 2026, 10:49 am

RedTape Founders Eye $510M Stake Sale, Blackstone & KKR Interest

13th January 2026, 4:41 pm

RedTape Founders Eye $510M Stake Sale, Court Blackstone, KKR

13th January 2026, 4:16 pm

News Articles

Editorial & research coverage

Redtape Q3 Beats Estimates Amidst Retail Slump
Redtape Q3 Beats Estimates Amidst Retail Slump

12th February 2026, 3:00 pm

RedTape Founders Eye $510M Stake Sale, Court Blackstone, KKR
RedTape Founders Eye $510M Stake Sale, Court Blackstone, KKR

13th January 2026, 4:16 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication

2 Jan - Newspaper Publication - Reminder notice for special window of Re-lodgement of Physical shares

Closure of Trading Window
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

23 Dec - Yasmin Mirza gifted 12,44,89,980 shares (22.52%) to Rashid Mirza on December 22, 2025.

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

4 Nov 2025 from crisil

Rating update

6 Aug 2024 from crisil

Rating update

7 Sep 2023 from crisil

Concalls

Nov 2025

Transcript

Nov 2025

TranscriptPPTRecording

Nov 2025

PPT

Stock Analysis

Description

  1. Redtape Limited is a prominent Indian fashion and lifestyle brand, demerged from Mirza International, specializing in footwear, apparel, and accessories for men, women, and children.

Key Growth Triggers

  1. Strategic alteration of Memorandum of Association (MOA) to expand business scope into e-commerce, diverse product categories (beauty, fitness, electronics), and omnichannel retail presence.
  2. Aggressive store expansion plans targeting 80-100 new stores annually.
  3. Enhanced focus on digital channels, aiming for significant sales from the company's own website.
  4. Aim to maintain brand appeal for the GenZ demographic and achieve 20% YoY revenue growth.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Increase in working capital days to 207.
  2. Negative operating cash flow observed for the first half of FY26.

Key Dates To Watch

  1. Currently no data available for Key Dates to Watch.

Corporate Announcements

2nd Apr 26
Impact Rating: 2
REDTAPE Limited has officially confirmed compliance with crucial SEBI regulations, specifically concerning the Company Secretary and Share Transfer Agent, for the fourth quarter of fiscal year 2026, ensuring ongoing regulatory adherence.
27th Mar 26
Impact Rating: 4
Redtape Limited has announced the closure of its trading window for all designated persons and connected individuals, starting April 1, 2026. This restriction will remain in effect until 48 hours after the company declares its audited financial results for the quarter and year ending March 31, 2026.
17th Feb 26
Impact Rating: 9
For Q3 FY26, RedTape Limited posted consolidated revenue of ₹793.93 Cr, up 18.57% YoY, while consolidated PAT surged by 43.05% to ₹104.53 Cr.
13th Feb 26
Impact Rating: -
No description available.
12th Feb 26
Impact Rating: 6
Redtape Limited approved its unaudited Q3 FY26 financial results and nine-month period results. Auditors highlighted ongoing Income Tax search operations, with potential impact yet unascertainable.