Redtape Ltd

Redtape Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Redtape Ltd

₹ 125 -0.87%
19 Feb - close price
redtape.com BSE: 543957 NSE: REDTAPE
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.

Website BSE NSE
  • Market Cap ₹ 6,927 Cr.
  • Current Price ₹ 125
  • High / Low ₹ 168 / 106
  • Stock P/E 30.5
  • Book Value ₹ 15.5
  • Dividend Yield 0.60 %
  • ROCE 22.9 %
  • ROE 25.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%

Cons

  • Stock is trading at 8.06 times its book value
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Footwear

Part of BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
475 376 393 321 616 502 441 416 662 504 463 491 786
392 319 313 267 513 431 372 351 536 423 385 418 614
Operating Profit 83 57 80 55 104 71 68 65 127 80 78 73 172
OPM % 18% 15% 20% 17% 17% 14% 15% 16% 19% 16% 17% 15% 22%
1 1 1 2 3 5 2 3 9 27 9 10 7
Interest 5 5 6 9 10 10 10 12 13 16 16 19 18
Depreciation 10 13 12 15 16 15 19 21 22 21 21 22 23
Profit before tax 70 40 63 33 81 51 41 36 100 70 49 42 139
Tax % 28% 17% 27% 22% 26% 24% 26% 28% 26% 22% 20% 34% 24%
50 33 46 26 60 39 31 26 74 54 39 28 106
EPS in Rs 0.59 0.82 0.46 1.09 0.70 0.55 0.46 1.34 0.98 0.71 0.51 1.91
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
297 1,459 1,832 2,018 2,244
255 1,222 1,521 1,679 1,841
Operating Profit 42 236 311 339 403
OPM % 14% 16% 17% 17% 18%
0 7 11 45 53
Interest 4 17 37 54 69
Depreciation 2 44 59 83 87
Profit before tax 36 181 227 247 300
Tax % 29% 25% 25% 25%
25 136 170 184 227
EPS in Rs 2.46 3.07 3.34 4.11
Dividend Payout % 0% 0% 0% 67%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 89%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 93%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -22%
Return on Equity
10 Years: %
5 Years: %
3 Years: 30%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.01 28 28 111 111
Reserves 332 438 605 678 747
187 260 479 724 927
299 501 458 707 504
Total Liabilities 818 1,227 1,569 2,219 2,289
303 368 645 716 748
CWIP 17 71 17 46 9
Investments 1 1 0 0 0
497 787 907 1,456 1,532
Total Assets 818 1,227 1,569 2,219 2,289

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
17 111 82 -3
-22 -116 -115 -94
-24 12 26 99
Net Cash Flow -28 7 -7 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 69 21 18 20
Inventory Days 962 308 296 414
Days Payable 407 164 107 170
Cash Conversion Cycle 624 164 207 264
Working Capital Days 288 48 54 62
ROCE % 32% 29% 23%

Shareholding Pattern

Numbers in percentages

7 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
71.77% 71.77% 71.77% 71.79% 71.80% 71.80% 71.80% 71.80% 71.80% 71.79%
2.22% 2.74% 3.10% 3.17% 3.30% 3.48% 3.53% 3.64% 3.83% 3.88%
6.44% 7.30% 7.86% 8.89% 10.20% 10.23% 10.25% 10.27% 10.77% 10.88%
19.58% 18.20% 17.28% 16.16% 14.72% 14.50% 14.44% 14.30% 13.60% 13.45%
No. of Shareholders 59,22063,14757,88055,67155,82465,35474,36478,75279,83079,379

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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