Redtape Ltd
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]
- Market Cap ₹ 7,336 Cr.
- Current Price ₹ 133
- High / Low ₹ 245 / 116
- Stock P/E 43.1
- Book Value ₹ 14.3
- Dividend Yield 0.38 %
- ROCE 21.5 %
- ROE 23.7 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.0%
Cons
- Stock is trading at 9.27 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 303 | 1,468 | 1,843 | 2,020 | |
| 256 | 1,224 | 1,524 | 1,685 | |
| Operating Profit | 47 | 244 | 319 | 335 |
| OPM % | 16% | 17% | 17% | 17% |
| -0 | 7 | 13 | 32 | |
| Interest | 4 | 17 | 37 | 51 |
| Depreciation | 2 | 44 | 59 | 83 |
| Profit before tax | 41 | 189 | 236 | 233 |
| Tax % | 29% | 25% | 25% | 27% |
| 29 | 142 | 176 | 170 | |
| EPS in Rs | 2.57 | 3.19 | 3.08 | |
| Dividend Payout % | 0% | 0% | 0% | 73% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 88% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 80% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| 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 | 299 | 65 | 87 | 131 |
| ROCE % | 37% | 29% | 22% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper publication of Audited Financial Results of the Company for Quarter and Financial Year ended on March 31st, 2025
-
Announcement under Regulation 30 (LODR)-Change in Management
27 May - Appointment of Secretarial Auditor and re-appointment of Internal and Cost Auditors for FY 2025-26.
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Record Date For Final Dividend Subject To Approval Of Members At Ensuing AGM
27 May - Redtape Limited announces audited FY25 results with Rs 0.25 final dividend and unmodified audit opinion.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
27 May - Approved audited FY25 results; final dividend Rs0.25/share; bonus shares issued; clean audit opinion.
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Board Meeting Outcome for Outcome Of The Board Meeting
27 May - Approved audited FY25 results; recommended final dividend Rs0.25/share; bonus shares issued; unmodified audit opinion.
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.