Redtape Ltd.

•

redtape.comBSE: 543957NSE: REDTAPE

Market Cap₹ 6,418 Cr.

Current Price

High / Low₹ 164 / 108

Stock P/E26.0

Book Value₹ 19

Price to Book5.94

Dividend Yield1.72 %

ROCE31.0 %

ROE26.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Shoe Division: 52.3% • Gar & Acc Division: 46.6% • Unallocated: 1.1%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 33.4%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
Company has been maintaining a healthy dividend payout of 46.0%
Company maintains a comfortable, low leverage position

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (41.0% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.45x)
Stock is trading at 5.9x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesRetailingRetailing

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	DMART	3687.90	78.66	240541.79	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2804.40	82.67	149544.98	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	101.50	53.31	47550.81	0.00	258.77	25.57	3727.01	18.68	19.24	14.61
4.	METROBRAND	939.90	63.04	25622.76	0.64	95.26	-3.58	720.36	14.66	35.77	29.85
5.	ABLBL	83.43	57.86	10182.81	0.60	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	613.50	20.26	9030.88	0.00	105.33	51.91	2412.98	40.73	21.80	7.56
7.	V2RETAIL	218.05	44.50	7950.92	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	AVL	614.65	57.11	7937.47	0.20	77.22	39.99	1192.68	26.85	20.82	10.44
9.	MEDPLUS	660.40	37.70	7933.85	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
10.	EMIL	188.35	35.15	7246.74	0.00	120.64	458.07	2418.95	39.07	11.84	9.88
11.	ETHOSLTD	2639.25	67.99	7062.02	0.00	28.66	50.71	461.71	33.32	13.70	12.97
12.	REDTAPE	116.10	26.04	6418.10	1.72	44.48	15.23	481.28	3.65	31.03	17.36

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	395	325	618	507	442	416	661	506	464	492	787	676	4,813
	314	267	514	432	373	352	536	461	387	420	616	564	4,360
Operating Profit	81	58	104	75	69	64	125	45	77	73	171	111	453
OPM %	20.44%	17.75%	16.84%	14.75%	15.51%	15.41%	18.94%	8.91%	16.59%	14.78%	21.69%	16.50%	9.40%
	1	2	4	5	2	3	9	50	9	10	7	22	151
Interest	5	9	9	10	10	12	13	16	16	19	18	15	145
Depreciation	12	15	16	15	19	21	22	22	21	22	23	22	237
Profit before Tax	64	36	82	54	42	35	99	57	49	42	137	96	604
Tax %	27.18%	22.51%	25.83%	24.54%	26.26%	28.21%	26.17%	28.29%	20.76%	34.07%	23.90%	27.47%	26.36%
Net Profit	0	0	0	0	31	25	73	41	39	28	105	70	445
	3.38	2.01	4.40	0.74	0.55	0.45	1.32	0.75	0.70	0.50	1.89	1.26	0.80

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,468	1,843	2,021	2,419	2,436
	1,224	1,524	1,801	2,066	2,036
Operating Profit	244	319	220	353	400
OPM %	16.64%	17.31%	10.87%	14.57%	16.42%
	7	13	151	133	54
Interest	17	37	54	73	66
Depreciation	44	59	83	88	91
Profit before Tax	189	236	233	324	336
Tax %	24.83%	25.40%	27.01%	25.80%	26.63%
Net Profit	142	176	170	241	246
EPS	10.29	12.75	3.08	4.35	—
Dividend Payout %	0.00%	0.00%	73.16%	45.96%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 3%
1 Year:: -16%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 27%
Last Year:: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28	28	111	111
	449	621	678	911
	241	425	657	660
Trade Payables	344	276	523	365
	178	298	319	341
Total Liabilities	1,239	1,647	2,288	2,387
	368	646	717	750
Capital Work in Progress	65	9	46	25
	1	0	0	0
	643	764	1,221	1,152
	0	91	110	210
Cash & Bank	26	21	15	10
	136	116	179	240
Total Assets	1,239	1,647	2,288	2,387

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	173	84	4	174
Cash from Investing	-127	-116	-109	-84
Cash from Financing	12	26	99	-94
	12	-5	-6	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.79	71.80	71.80	71.80	71.80	71.80	71.79	71.83	71.83
	3.14	3.27	3.45	3.50	3.61	3.80	3.86	3.78	3.18
	8.89	10.20	10.22	10.24	10.26	10.76	10.87	11.00	11.73
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.15	14.71	14.50	14.44	14.30	13.60	13.45	13.37	13.23

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

Change in Management

2026-08-26 - Redtape Limited has informed the Exchange about change in Management

2026-08-26

Shareholders meeting

2026-08-26 - Redtape Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 25, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-25

Shareholders meeting

2026-08-25 - Redtape Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Redtape Limited has informed the Exchange about Transcript

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Redtape Limited has informed the Exchange about Link of Recording

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Newspaper Publication under Regulation 30 and 47 of SEBI (LODR) Regulations, 2015

2026-08-10

Press Release

2026-08-10 - Redtape Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Press Release".

2026-08-10

Investor Presentation

2026-08-10 - Redtape Limited has informed the Exchange about Investor Presentation

2026-08-10

Updates

2026-08-10 - Redtape Limited has informed the Exchange regarding 'Results for Quarter ended June 30, 2026'.

News

Recent coverage and analyst commentary for REDTAPE

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AI Stock Analyst

Redtape Ltd.

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Free 5nance Account

Name

DMART

3687.90

78.66

240541.79

0.00

860.44

11.34

18794.53

14.88

18.03

7.98

TRENT

2804.40

82.67

149544.98

0.14

518.07

21.98

5754.71

17.84

36.73

19.45

VMM

101.50

53.31

47550.81

0.00

258.77

25.57

3727.01

18.68

19.24

14.61

METROBRAND

939.90

63.04

25622.76

0.64

95.26

-3.58

720.36

14.66

35.77

29.85

ABLBL

83.43

57.86

10182.81

0.60

29.02

20.62

2045.74

11.15

27.34

15.06

PNGJL

613.50

20.26

9030.88

0.00

105.33

51.91

2412.98

40.73

21.80

7.56

V2RETAIL

218.05

44.50

7950.92

0.00

41.85

69.70

997.20

57.73

38.43

13.99

AVL

614.65

57.11

7937.47

0.20

77.22

39.99

1192.68

26.85

20.82

10.44

MEDPLUS

660.40

37.70

7933.85

0.00

33.17

-21.67

1879.60

21.84

22.22

7.09

EMIL

188.35

35.15

7246.74

0.00

120.64

458.07

2418.95

39.07

11.84

9.88

ETHOSLTD

2639.25

67.99

7062.02

0.00

28.66

50.71

461.71

33.32

13.70

12.97

REDTAPE

116.10

26.04

6418.10

1.72

44.48

15.23

481.28

3.65

31.03

17.36

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

395

325

618

507

442

416

661

506

464

492

787

676

4,813

314

267

514

432

373

352

536

461

387

420

616

564

4,360

Operating Profit

104

125

171

111

453

OPM %

20.44%

17.75%

16.84%

14.75%

15.51%

15.41%

18.94%

8.91%

16.59%

14.78%

21.69%

16.50%

9.40%

151

Interest

145

Depreciation

237

Profit before Tax

137

604

Tax %

27.18%

22.51%

25.83%

24.54%

26.26%

28.21%

26.17%

28.29%

20.76%

34.07%

23.90%

27.47%

26.36%

Net Profit

105

445

3.38

2.01

4.40

0.74

0.55

0.45

1.32

0.75

0.70

0.50

1.89

1.26

0.80

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,468

1,843

2,021

2,419

2,436

1,224

1,524

1,801

2,066

2,036

Operating Profit

244

319

220

353

400

OPM %

16.64%

17.31%

10.87%

14.57%

16.42%

151

133

Interest

Depreciation

Profit before Tax

189

236

233

324

336

Tax %

24.83%

25.40%

27.01%

25.80%

26.63%

Net Profit

142

176

170

241

246

EPS

10.29

12.75

3.08

4.35

—

Dividend Payout %

0.00%

73.16%

45.96%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

111

449

621

678

911

241

425

657

660

Trade Payables

344

276

523

365

178

298

319

341

Total Liabilities

1,239

1,647

2,288

2,387

368

646

717

750

Capital Work in Progress

643

764

1,221

1,152

110

210

Cash & Bank

136

116

179

240

Total Assets

1,239

1,647

2,288

2,387

Mar 2023

Mar 2024

Mar 2025

Mar 2026

173

174

Cash from Investing

-127

-116

-109

-84

Cash from Financing

-94

-5

-6

-4

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

71.79

71.80

71.79

71.83

3.14

3.27

3.45

3.50

3.61

3.80

3.86

3.78

3.18

8.89

10.20

10.22

10.24

10.26

10.76

10.87

11.00

11.73

Government

0.00

16.15

14.71

14.50

14.44

14.30

13.60

13.45

13.37

13.23

Redtape Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Redtape Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI