Redtape Ltd

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

₹ 107 -1.05%
13 Nov - 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

Background[1]
Company is a prominent player in the retail footwear and garments segments for men, women and children. It sells products under three brands - REDTAPE, MODE (REDTAPE London) and BOND STREET (REDTAPE London). Most revenue comes from the domestic market with negligible exports. The company has presence of 26+ years in the footwear segment and around 15 years in the garments segment.

Website BSE NSE
  • Market Cap ₹ 5,939 Cr.
  • Current Price ₹ 107
  • High / Low ₹ 159 / 101
  • Stock P/E 23.4
  • Book Value ₹ 17.8
  • Dividend Yield 1.86 %
  • ROCE 24.5 %
  • ROE 26.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
  • Company has been maintaining a healthy dividend payout of 39.7%

Cons

* 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 Consumer Discretionary BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
325 618 507 442 416 661 506 464 492 787 676 481 475
267 513 432 373 352 536 461 387 420 640 564 398 400
Operating Profit 58 105 75 69 64 125 45 77 73 147 111 84 75
OPM % 18% 17% 15% 16% 15% 19% 9% 17% 15% 19% 16% 17% 16%
2 4 5 2 3 9 50 9 10 31 22 15 14
Interest 9 10 10 10 12 13 16 16 19 18 15 15 16
Depreciation 15 16 15 19 21 22 22 21 22 23 22 24 26
Profit before tax 36 82 54 42 35 99 57 49 42 137 96 60 47
Tax % 23% 26% 25% 26% 28% 26% 28% 21% 34% 24% 27% 26% 26%
28 61 41 31 25 73 41 39 28 105 70 44 35
EPS in Rs 0.50 1.10 0.74 0.55 0.45 1.32 0.75 0.70 0.50 1.89 1.26 0.80 0.63
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 3m Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
303 1,468 1,843 2,021 2,419 2,418
256 1,224 1,524 1,801 2,065 2,002
Operating Profit 47 244 319 220 353 416
OPM % 16% 17% 17% 11% 15% 17%
-0 7 13 151 132 83
Interest 4 17 37 54 73 63
Depreciation 2 44 59 83 88 95
Profit before tax 41 189 236 233 324 341
Tax % 29% 25% 25% 27% 26%
29 142 176 170 241 254
EPS in Rs 2.57 3.19 3.08 4.35 4.58
Dividend Payout % -0% -0% -0% 73% 46%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 19%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -1%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 27%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 0.01 28 28 111 111 111
Reserves 336 449 621 678 911 875
28 260 480 724 720 830
461 502 460 712 564 610
Total Liabilities 826 1,239 1,588 2,224 2,306 2,425
304 368 646 717 750 807
CWIP 17 71 17 46 25 4
Investments 1 1 -0 -0 -0 -0
504 799 925 1,461 1,531 1,614
Total Assets 826 1,239 1,588 2,224 2,306 2,425

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
44 127 84 4 174
-49 -127 -116 -110 -85
-17 12 26 99 -94
Net Cash Flow -22 12 -5 -7 -5
Free Cash Flow -5 -6 -32 -104 89
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 69% 71% 46% 31% 72%

Ratios

Consolidated / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 68 21 18 20 32
Inventory Days 963 308 298 406 306
Days Payable 407 164 108 174 97
Cash Conversion Cycle 623 164 208 252 240
Working Capital Days 279 48 54 62 81
ROCE % 37% 29% 22% 24%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Store Count
Number of stores ・Standalone data

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E-commerce Share of Revenue
% ・Standalone data
Footwear Share of Revenue
% ・Standalone data
Average Selling Price (ASP)
INR per pair ・Standalone data
Footwear Volume Sold
Million pairs ・Standalone data
Retail Footprint (Area)
sq ft ・Standalone data
Number of Cities
Number of cities ・Standalone data
Same-Store Sales Growth (SSSG)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
71.77% 71.77% 71.79% 71.80% 71.80% 71.80% 71.80% 71.80% 71.79% 71.83% 71.83% 71.83%
2.74% 3.10% 3.17% 3.30% 3.48% 3.53% 3.64% 3.83% 3.88% 3.81% 3.21% 3.02%
7.30% 7.86% 8.89% 10.20% 10.23% 10.25% 10.27% 10.77% 10.88% 11.01% 11.74% 11.84%
18.20% 17.28% 16.16% 14.72% 14.50% 14.44% 14.30% 13.60% 13.45% 13.36% 13.22% 13.32%
No. of Shareholders 63,14757,88055,67155,82465,35474,36478,75279,83079,37977,94375,57676,289

* 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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