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 ₹ 9,064 Cr.
- Current Price ₹ 164
- High / Low ₹ 245 / 134
- Stock P/E 57.6
- Book Value ₹ 12.7
- Dividend Yield 0.30 %
- 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 12.9 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 Consumer Discretionary BSE SmallCap Nifty Total Market Nifty Microcap 250 BSE Allcap
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 | 1,984 | |
256 | 1,224 | 1,524 | 1,670 | |
Operating Profit | 47 | 244 | 319 | 314 |
OPM % | 16% | 17% | 17% | 16% |
-0 | 7 | 13 | 12 | |
Interest | 4 | 17 | 37 | 42 |
Depreciation | 2 | 44 | 59 | 72 |
Profit before tax | 41 | 189 | 236 | 213 |
Tax % | 29% | 25% | 25% | |
29 | 142 | 176 | 157 | |
EPS in Rs | 2.57 | 3.19 | 2.84 | |
Dividend Payout % | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 1% |
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 For Quarter Ended 31St December, 2024
6 Feb - Board meeting scheduled for financial results approval.
-
Announcement under Regulation 30 (LODR)-Allotment
5 Feb - Allotment of bonus shares in 3:1 ratio.
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Announcement under Regulation 30 (LODR)-Cessation
31 Jan - Resignation of Mr. Ashiwani Garg from senior management.
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Announcement under Regulation 30 (LODR)-Change in Management
31 Jan - Resignation of Mr. Ashiwani Garg from senior management.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
24 Jan - Approval of alteration in Memorandum of Association.
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.