Redtape Ltd

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

Redtape Ltd

₹ 134 1.49%
12 Jun - 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 ₹ 7,400 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 164 / 102
  • Stock P/E 30.3
  • Book Value ₹ 18.5
  • Dividend Yield 1.49 %
  • ROCE 24.3 %
  • ROE 26.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
  • Company has been maintaining a healthy dividend payout of 39.4%

Cons

  • Stock is trading at 7.22 times its book value
  • Earnings include an other income of Rs.133 Cr.

* 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 Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
376 393 321 616 502 441 416 662 504 463 491 786 674
319 313 267 513 431 372 351 536 460 385 418 638 562
Operating Profit 57 80 55 104 71 68 65 127 44 78 73 148 112
OPM % 15% 20% 17% 17% 14% 15% 16% 19% 9% 17% 15% 19% 17%
1 1 2 3 5 2 3 9 63 9 10 31 23
Interest 5 6 9 10 10 10 12 13 16 16 19 18 15
Depreciation 13 12 15 16 15 19 21 22 21 21 22 23 22
Profit before tax 40 63 33 81 51 41 36 100 70 49 42 139 98
Tax % 17% 27% 22% 26% 24% 26% 28% 26% 22% 20% 34% 24% 27%
33 46 26 60 39 31 26 74 54 39 28 106 71
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 1.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
297 1,459 1,832 2,018 2,415
255 1,222 1,521 1,679 2,064
Operating Profit 42 236 311 339 350
OPM % 14% 16% 17% 17% 15%
0 7 11 45 133
Interest 4 17 37 54 68
Depreciation 2 44 59 83 88
Profit before tax 36 181 227 247 328
Tax % 29% 25% 25% 25% 25%
25 136 170 184 244
EPS in Rs 2.46 3.07 3.34 4.42
Dividend Payout % 0% 0% 0% 67% 51%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 28%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.01 28 28 111 111
Reserves 332 438 605 678 914
187 260 479 724 720
299 501 458 707 560
Total Liabilities 818 1,227 1,569 2,219 2,304
303 368 645 716 749
CWIP 17 71 17 46 25
Investments 1 1 0 0 0
497 787 907 1,456 1,530
Total Assets 818 1,227 1,569 2,219 2,304

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
17 111 82 -3 176
-22 -116 -115 -94 -84
-24 12 26 99 -94
Net Cash Flow -28 7 -7 2 -2
Free Cash Flow -5 -11 -34 -111 91
CFO/OP 65% 64% 46% 18% 73%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 69 21 18 20 32
Inventory Days 962 308 296 414 306
Days Payable 407 164 107 170 97
Cash Conversion Cycle 624 164 207 264 241
Working Capital Days 288 48 54 62 82
ROCE % 32% 29% 23% 24%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue Mix - Apparel & Accessories
%

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Revenue Mix - Footwear
%
Total Retail Stores
Number
Exclusive Mega Showrooms (Online Format)
Number
In-house Footwear Manufacturing Share
%
Number of Cities Present
Number
Total Retail Area
Sq. Ft.
Sales Channel Mix - Online
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.77% 71.77% 71.77% 71.79% 71.80% 71.80% 71.80% 71.80% 71.80% 71.79% 71.83%
2.22% 2.74% 3.10% 3.17% 3.30% 3.48% 3.53% 3.64% 3.83% 3.88% 3.81%
6.44% 7.30% 7.86% 8.89% 10.20% 10.23% 10.25% 10.27% 10.77% 10.88% 11.01%
19.58% 18.20% 17.28% 16.16% 14.72% 14.50% 14.44% 14.30% 13.60% 13.45% 13.36%
No. of Shareholders 59,22063,14757,88055,67155,82465,35474,36478,75279,83079,37977,943

* 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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