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 ₹ 8,389 Cr.
- Current Price ₹ 152
- High / Low ₹ 245 / 116
- Stock P/E 47.1
- Book Value ₹ 14.3
- Dividend Yield 0.49 %
- ROCE 21.5 %
- ROE 23.7 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
Cons
- Stock is trading at 10.6 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 3m | 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: | -18% |
| 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% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - Income Tax Department conducted search at REDTAPE locations Sept 11–16, 2025; company cooperating; operations normal.
-
Clarification sought from Redtape Ltd
2d - Exchange has sought clarification from Redtape Ltd with reference to the media report appearing on https:// economictimes.indiatimes.com dated September 15, 2025 (Link: https://economictimes.indiatimes.com/markets/stocks/news/redtape-shares-in-focus-amid-reported-ongoing-income-tax-investigation/articleshow/123890643.cms) titled "Redtape …
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Re-Lodgement Of Transfer Requests Of Physical Share- Monthly Update
10 Sep - Re-lodgement report for physical share transfers for period ended Aug 31, 2025; NIL requests processed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Sep - Newspaper intimation regarding 100 day campaign- Saksham Niveshak and opening of special window for re lodgement of physical share
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Sep - Newspaper Advertisement regarding dispatch of Notice for the 4th AGM
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.