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 ₹ 7,825 Cr.
- Current Price ₹ 142
- High / Low ₹ 245 / 116
- Stock P/E 46.1
- Book Value ₹ 12.7
- Dividend Yield 0.35 %
- ROCE 29.3 %
- ROE 31.3 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 35.5 to 18.0 days.
- Company's working capital requirements have reduced from 150 days to 87.0 days
Cons
- Stock is trading at 11.1 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
Sector: Retail Industry: Trading
Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 303 | 1,468 | 1,843 | 2,031 | |
| 256 | 1,224 | 1,524 | 1,693 | |
| Operating Profit | 47 | 244 | 319 | 338 |
| OPM % | 16% | 17% | 17% | 17% |
| -0 | 7 | 13 | 14 | |
| Interest | 4 | 17 | 37 | 45 |
| Depreciation | 2 | 44 | 59 | 77 |
| Profit before tax | 41 | 189 | 236 | 230 |
| Tax % | 29% | 25% | 25% | |
| 29 | 142 | 176 | 170 | |
| EPS in Rs | 2.57 | 3.19 | 3.06 | |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 28 | 28 | 28 |
| Reserves | 336 | 449 | 621 | 676 |
| 28 | 260 | 480 | 651 | |
| 461 | 502 | 460 | 503 | |
| Total Liabilities | 826 | 1,239 | 1,588 | 1,857 |
| 304 | 368 | 646 | 755 | |
| CWIP | 17 | 71 | 17 | 6 |
| Investments | 1 | 1 | 0 | 0 |
| 504 | 799 | 925 | 1,097 | |
| Total Assets | 826 | 1,239 | 1,588 | 1,857 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 44 | 127 | 84 | |
| -49 | -127 | -116 | |
| -17 | 12 | 26 | |
| Net Cash Flow | -22 | 12 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 68 | 21 | 18 |
| Inventory Days | 963 | 308 | 298 |
| Days Payable | 407 | 164 | 108 |
| Cash Conversion Cycle | 623 | 164 | 208 |
| Working Capital Days | 299 | 65 | 87 |
| ROCE % | 37% | 29% |
Documents
Announcements
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Board Meeting Intimation for Intimation Of Board Meeting Considering The Audited Standalone And Consolidated Financial Results For Quarter And Financial Year Ended March 31St, 2025 Along With Other Matters Incidental Thereto
11h - Board meeting on May 27 to approve FY25 results and recommend final dividend; trading window closed from April 1.
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Disclosure U/R 30 For Commencement Of Operational Activity From Its Warehouse At Ludhiana, Punjab
1 May - REDTAPE starts operations at new 47,700 sq.ft. Ludhiana warehouse from May 1, 2025.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Redtape Limited not classified as Large Corporate as of March 31, 2025 per SEBI norms.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Redtape Limited not classified as Large Corporate as of March 31, 2025, exempt from related disclosures.
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Compliance Status Of Regulation 6(1) And 7(1) Of SEBI (LODR) Regulations, 2015, As Amended, For The Quarter Ended March 31St, 2025
12 Apr - Compliance with SEBI regulations for Q1 2025.
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.