Redtape Ltd

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

Redtape Ltd

₹ 121 -1.01%
14 Aug - 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

About[1]
REDTAPE has a strong brand recall of 26+ yrs. It emerged as the first Indian footwear brand in 1996 to have a strong presence in global markets like UK. The company entered into men’s clothing and accessory in 2006. Today, it also caters to the fashion needs in female and kids clothing and accessory category.

Website BSE NSE
  • Market Cap ₹ 6,665 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 245 / 116
  • Stock P/E 37.4
  • Book Value ₹ 14.3
  • Dividend Yield 0.62 %
  • ROCE 21.5 %
  • ROE 23.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%

Cons

  • Stock is trading at 8.45 times its book value

* 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 SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
306 306 478 379 395 325 618 507 442 416 661 505 464
252 262 391 319 313 267 513 432 373 352 536 424 387
Operating Profit 53 45 87 60 82 58 105 75 69 64 125 81 77
OPM % 17% 15% 18% 16% 21% 18% 17% 15% 16% 15% 19% 16% 17%
2 3 1 1 1 2 4 5 2 3 9 14 9
Interest 4 4 5 5 6 9 10 10 10 12 13 16 16
Depreciation 11 10 10 13 12 15 16 15 19 21 22 21 21
Profit before tax 41 33 73 42 64 36 82 54 42 35 99 58 49
Tax % 31% 22% 27% 17% 27% 23% 26% 25% 26% 28% 26% 28% 21%
28 26 53 35 47 28 61 41 31 25 73 41 39
EPS in Rs 0.62 0.85 0.50 1.10 0.74 0.55 0.45 1.32 0.75 0.70
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
303 1,468 1,843 2,021 2,046
256 1,224 1,524 1,686 1,699
Operating Profit 47 244 319 335 348
OPM % 16% 17% 17% 17% 17%
-0 7 13 32 35
Interest 4 17 37 51 57
Depreciation 2 44 59 83 85
Profit before tax 41 189 236 233 240
Tax % 29% 25% 25% 27%
29 142 176 170 178
EPS in Rs 2.57 3.19 3.08 3.22
Dividend Payout % 0% 0% 0% 73%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 88%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 80%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -26%
Return on Equity
10 Years: %
5 Years: %
3 Years: 29%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 28 28 111
Reserves 336 449 621 678
28 260 480 724
461 502 460 712
Total Liabilities 826 1,239 1,588 2,224
304 368 646 717
CWIP 17 71 17 46
Investments 1 1 0 0
504 799 925 1,461
Total Assets 826 1,239 1,588 2,224

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
44 127 84 14
-49 -127 -116 -107
-17 12 26 99
Net Cash Flow -22 12 -5 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 21 18 20
Inventory Days 963 308 298 413
Days Payable 407 164 108 170
Cash Conversion Cycle 623 164 208 262
Working Capital Days 279 48 54 62
ROCE % 37% 29% 22%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
71.77% 71.77% 71.77% 71.79% 71.80% 71.80% 71.80% 71.80%
2.22% 2.74% 3.10% 3.17% 3.30% 3.48% 3.53% 3.64%
6.44% 7.30% 7.86% 8.89% 10.20% 10.23% 10.25% 10.27%
19.58% 18.20% 17.28% 16.16% 14.72% 14.50% 14.44% 14.30%
No. of Shareholders 59,22063,14757,88055,67155,82465,35474,36478,752

* 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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