Redtape Adjusts Valuation Grade Amid Competitive Footwear Market Dynamics

Redtape, a small-cap player in the footwear industry, has recently undergone a valuation adjustment, reflecting its current market standing. The company's price-to-earnings ratio stands at 45.48, while its price-to-book value is noted at 10.27. Additionally, Redtape's enterprise value to EBITDA ratio is 25.35, and its enterprise value to EBIT is recorded at 33.62. The company also shows a PEG ratio of 4.04 and a modest dividend yield of 0.16%.
In terms of profitability, Redtape boasts a return on capital employed (ROCE) of 17.08% and a return on equity (ROE) of 21.58%. When compared to its peers, Redtape's valuation metrics indicate a competitive position within the footwear sector. For instance, V-Guard Industries and Bata India exhibit higher price-to-earnings ratios, while Relaxo Footwear and Campus Activewear also present notable valuation figures.

Despite recent fluctuations in stock performance, with a year-to-date return of -32.89% compared to a 2.93% gain in the Sensex, Redtape's financial metrics highlight its ongoing challenges and competitive landscape in the footwear market.