Redtape Ltd.

•

redtape.comBSE: 543957NSE: REDTAPE

Market Cap₹ 6,418 Cr.

Current Price

High / Low₹ 164 / 108

Stock P/E25.5

Book Value₹ 19

Price to Book5.92

Dividend Yield1.72 %

ROCE31.3 %

ROE26.9 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Shoe Division: 52.6% • Gar & Acc Division: 46.9% • Unallocated: 0.4%

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 33.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Company has been maintaining a healthy dividend payout of 45.3%
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 (40.6% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.43x)
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

Standalone Figures in Rs. Crores / View Consolidated

	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
	393	323	616	502	441	416	662	504	463	491	786	674	4,803
	314	268	513	431	372	351	536	460	385	418	614	562	4,327
Operating Profit	79	55	103	71	68	65	127	44	78	73	172	112	476
OPM %	20.12%	17.10%	16.71%	14.12%	15.46%	15.52%	19.12%	8.77%	16.79%	14.86%	21.84%	16.66%	9.92%
	1	1	3	5	2	3	9	63	9	10	7	23	152
Interest	5	8	9	10	10	12	13	16	16	19	18	15	145
Depreciation	12	15	16	15	19	21	22	21	21	22	23	22	236
Profit before Tax	63	33	81	51	41	36	100	70	49	42	139	98	628
Tax %	27.24%	22.16%	25.83%	24.07%	26.23%	27.84%	26.25%	22.42%	20.46%	33.73%	23.69%	27.02%	25.33%
Net Profit	46	26	60	39	31	26	74	54	39	28	106	71	469
	3.29	1.86	4.35	0.70	0.55	0.46	1.34	0.98	0.71	0.51	1.91	1.29	0.85

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	1,459	1,832	2,018	2,415	2,432
	0	1,222	1,522	1,798	2,059	2,027
Operating Profit	-0	236	310	220	355	405
OPM %	—	16.20%	16.91%	10.90%	14.72%	16.64%
	0	7	13	164	133	55
Interest	0	17	37	54	73	66
Depreciation	0	44	59	83	88	90
Profit before Tax	-0	181	227	247	328	341
Tax %	-0.00%	24.87%	25.29%	25.39%	25.49%	26.19%
Net Profit	-0	136	170	184	244	252
EPS	-0.84	9.85	12.29	3.34	4.42	—
Dividend Payout %	0.00%	0.00%	0.00%	67.42%	45.28%	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 22%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 14%
3 Years:: 28%
Last Year:: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	28	28	111	111
	-0	438	605	678	914
	0	241	424	657	660
Trade Payables	0	344	275	518	363
	0	176	295	318	338
Total Liabilities	0	1,227	1,627	2,281	2,386
	0	368	645	716	749
Capital Work in Progress	0	65	9	46	25
	0	1	0	0	0
	0	643	760	1,218	1,150
	0	0	90	109	209
Cash & Bank	0	15	8	12	9
	0	135	114	181	244
Total Assets	0	1,227	1,627	2,281	2,386

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	150	82	2	176
Cash from Investing	0	-116	-115	-98	-84
Cash from Financing	0	12	26	99	-94
	0	7	-7	2	-2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	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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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

393

323

616

502

441

416

662

504

463

491

786

674

4,803

314

268

513

431

372

351

536

460

385

418

614

562

4,327

Operating Profit

103

127

172

112

476

OPM %

20.12%

17.10%

16.71%

14.12%

15.46%

15.52%

19.12%

8.77%

16.79%

14.86%

21.84%

16.66%

9.92%

152

Interest

145

Depreciation

236

Profit before Tax

100

139

628

Tax %

27.24%

22.16%

25.83%

24.07%

26.23%

27.84%

26.25%

22.42%

20.46%

33.73%

23.69%

27.02%

25.33%

Net Profit

106

469

3.29

1.86

4.35

0.70

0.55

0.46

1.34

0.98

0.71

0.51

1.91

1.29

0.85

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,459

1,832

2,018

2,415

2,432

1,222

1,522

1,798

2,059

2,027

Operating Profit

-0

236

310

220

355

405

OPM %

—

16.20%

16.91%

10.90%

14.72%

16.64%

164

133

Interest

Depreciation

Profit before Tax

-0

181

227

247

328

341

Tax %

-0.00%

24.87%

25.29%

25.39%

25.49%

26.19%

Net Profit

-0

136

170

184

244

252

EPS

-0.84

9.85

12.29

3.34

4.42

—

Dividend Payout %

0.00%

67.42%

45.28%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

111

-0

438

605

678

914

241

424

657

660

Trade Payables

344

275

518

363

176

295

318

338

Total Liabilities

1,227

1,627

2,281

2,386

368

645

716

749

Capital Work in Progress

643

760

1,218

1,150

109

209

Cash & Bank

135

114

181

244

Total Assets

1,227

1,627

2,281

2,386

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-0

150

176

Cash from Investing

-116

-115

-98

-84

Cash from Financing

-94

-7

-2

Mar 2022

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