Redtape

What is the bonus history of the Redtape?

Redtape has announced a bonus issue at a ratio of 3:1, with both the record date and ex-date set for February 4, 2025, meaning shareholders will receive three additional shares for every one share held.

Redtape has a recent bonus issue announced at a ratio of 3:1, with both the record date and ex-date set for February 4, 2025. This means that for every one share held, shareholders will receive three additional shares. If you have any more questions about Redtape or its financial activities, feel free to ask!

Has Redtape declared dividend?

Redtape Ltd has declared a 100% dividend, with an ex-date of January 3, 2025. However, the dividend yield is 0%, and the company has shown significant negative price returns over the past 6 months and year, with no growth in total returns over longer periods.

Redtape Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Ex-date: 03 Jan 25<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, Redtape experienced a price return of -35.41%, with no dividend return, resulting in a total return of -35.41%.<BR><BR>Over the past year, the price return was -31.46%, and with no dividend return, the total return was -31.46%.<BR><BR>For the 2-year period, there was no price return or dividend return, leading to a total return of 0.0%.<BR><BR>In the 3-year period, Redtape had a price return of 0% and no dividend return, resulting in a total return of 0.0%.<BR><BR>For the 4-year period, the price return was 0%, and there was no dividend return, resulting in a total return of 0.0%.<BR><BR>In the last 5 years, there was a price return of 0% and no dividend return, leading to a total return of 0.0%.<BR><BR>Overall, while Redtape has declared a dividend, the dividend yield remains at 0%, and the total returns over various periods indicate significant negative performance in the short term, with no growth over the longer term.

Who are the peers of the Redtape?

Redtape's peers include Metro Brands, Bata India, Relaxo Footwear, Campus Activewear, Liberty Shoes, Sreeleathers, Khadim India, and Lehar Footwears. In terms of management risk, growth, and capital structure, Redtape shows average performance compared to its peers, with a 1-year return of -23.55%.

Peers: The peers of Redtape are Metro Brands, Bata India, Relaxo Footwear, Campus Activewe., Liberty Shoes, Sreeleathers, Khadim India, and Lehar Footwears.<BR><BR>Quality Snapshot: Excellent management risk is observed at Metro Brands, Bata India, Relaxo Footwear, Campus Activewe., and Redtape, while Average management risk is found at Liberty Shoes and Lehar Footwears, and Below Average management risk is noted at Sreeleathers and Khadim India. Growth is Excellent at Redtape, Good at Relaxo Footwear and Lehar Footwears, Below Average at Metro Brands, Bata India, Campus Activewe., Liberty Shoes, Sreeleathers, and Khadim India, and Average at Khadim India. Capital Structure is Excellent at Relaxo Footwear and Sreeleathers, Good at Metro Brands, Bata India, and Campus Activewe., Average at Redtape, and Below Average at Liberty Shoes and Khadim India.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lehar Footwears at 32.01%, while the lowest is Relaxo Footwear at -40.69%. Redtape's 1-year return is -23.55%, which is higher than Relaxo Footwear's but lower than Lehar Footwears. Additionally, the six-month return is negative for Relaxo Footwear, Liberty Shoes, Sreeleathers, and Redtape.

Who are in the management team of Redtape?

As of March 2023, the management team of Redtape includes Rashid Ahmed Mirza (Chairman), Shuja Mirza (Managing Director), Arvind Verma and Sunanda Singh (Whole-time Directors), along with several Independent and Non-Executive Directors. Each member contributes to the company's governance and operations.

As of March 2023, the management team of Redtape includes the following individuals:<BR><BR>1. Rashid Ahmed Mirza - Chairman (Non-Executive)<BR>2. Shuja Mirza - Managing Director<BR>3. Arvind Verma - Whole-time Director<BR>4. Subhash Sapra - Independent Director<BR>5. Sanjay Bhalla - Non-Executive Director<BR>6. Yashvir Singh - Independent Director<BR>7. Rajshree Saxena - Independent Director<BR>8. Sunanda Singh - Whole-time Director<BR>9. Akhilendra Bahadur Singh - Company Secretary & Compliance Officer<BR><BR>Each member plays a crucial role in the governance and operational oversight of the company.

What does Redtape do?

Redtape Ltd designs, manufactures, and retails leather footwear, sports shoes, garments, and accessories, operating as a mid-cap company with a market cap of INR 7,720 Cr. As of March 2025, it reported net sales of 5,052 Cr and a net profit of 415 Cr.

Overview:<BR>Redtape Ltd is a company engaged in the design, development, manufacturing, marketing, trading, export, and retailing of leather footwear, sports shoes, garments, leather goods, and accessories, operating within the footwear industry and classified as a mid-cap company.<BR><BR>History:<BR>Redtape Ltd was incorporated on December 8, 2021, as a wholly owned subsidiary of Mirza International Limited. The latest quarterly results reported are for March 2025, showcasing the company's performance in terms of sales and profit.<BR><BR>Financial Snapshot:<BR>Net Sales: 5,052 Cr (Quarterly Results - Mar 2025)<BR>Net Profit: 415 Cr (Quarterly Results - Mar 2025)<BR>Market Cap: INR 7,720 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 45.00<BR>Industry P/E: 69<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.90<BR>Return on Equity: 21.58%<BR>Price to Book: 9.73<BR><BR>Contact Details:<BR>Details: No Company Details Available<BR>Registrar Address: Not available.

Who are the top shareholders of the Redtape?

The top shareholders of Redtape include Shuja Mirza with 35.79%, mutual funds at 10.22%, foreign institutional investors at 3.52%, and individual investors holding 10.74%. The largest public shareholder is the ICICI Prudential Long Term Wealth Enhancement Fund with 5.96%.

The top shareholders of Redtape include the promoters, who hold a majority stake in the company. The promoter with the highest holding is Shuja Mirza, owning 35.79% of the shares. Additionally, mutual funds hold 10.22% of the company through 10 different schemes, while foreign institutional investors (FIIs) account for 3.52% through 71 different entities. The highest public shareholder is the ICICI Prudential Long Term Wealth Enhancement Fund, which holds 5.96%. Individual investors collectively own 10.74% of the shares.

How big is Redtape?

As of 24th July, Redtape Ltd has a market capitalization of 7,206.00 Cr, with recent net sales of 2023.98 Cr and a net profit of 170.25 Cr. The latest balance sheet shows shareholder's funds of 648.43 Cr and total assets of 1,588.37 Cr.

As of 24th July, Redtape Ltd has a market capitalization of 7,206.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Redtape reported Net Sales of 2023.98 Cr and a Net Profit of 170.25 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 648.43 Cr and Total Assets of 1,588.37 Cr.

Is Redtape overvalued or undervalued?

As of September 26, 2025, Redtape is considered overvalued with a PE ratio of 45.48 and a valuation grade of "expensive," reflecting a significant year-to-date decline of 32.89% compared to a 2.93% gain in the Sensex, despite higher valuations of peers like Metro Brands and Bata India.

As of 26 September 2025, Redtape's valuation grade has moved from very expensive to expensive, indicating a shift in market perception. The company is currently considered overvalued, with a PE ratio of 45.48, a Price to Book Value of 10.27, and an EV to EBITDA ratio of 25.35. These ratios suggest that Redtape is trading at a premium compared to its earnings and book value.<BR><BR>In comparison to its peers, Redtape's valuation appears high; for instance, Metro Brands has a PE ratio of 92.86, while Bata India stands at 68.36, both indicating higher valuations but in a different context. Additionally, V-Guard Industries and Campus Activewear are considered attractive with PE ratios of 55.65 and 68.41, respectively. The recent stock performance shows a significant decline of 32.89% year-to-date, contrasting with a modest 2.93% gain in the Sensex, reinforcing the notion that Redtape may be overvalued in the current market environment.

How has been the historical performance of Redtape?

Redtape has shown significant growth in net sales, increasing from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25, with operating profit rising from 47.22 Cr to 367.29 Cr in the same period. However, profit after tax slightly declined from 176.24 Cr in Mar'24 to 170.00 Cr in Mar'25, and cash flow from operating activities decreased notably.

Answer:<BR>The historical performance of Redtape shows significant growth over the years, particularly in net sales and profit metrics.<BR><BR>Breakdown:<BR>Redtape's net sales have increased from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25, reflecting a strong upward trend. Total operating income followed a similar trajectory, rising from 303.22 Cr in Mar'22 to 2,020.91 Cr in Mar'25. The company's total expenditure, excluding depreciation, also grew substantially from 256.06 Cr in Mar'22 to 1,685.64 Cr in Mar'25. Operating profit (PBDIT) has shown consistent growth, increasing from 47.22 Cr in Mar'22 to 367.29 Cr in Mar'25. However, profit before tax peaked at 236.24 Cr in Mar'24 before slightly declining to 232.92 Cr in Mar'25. Profit after tax reached 170.00 Cr in Mar'25, down from 176.24 Cr in Mar'24, but still significantly higher than the 29.04 Cr reported in Mar'22. The company's total assets have also expanded, growing from 825.54 Cr in Mar'22 to 2,224.10 Cr in Mar'25, while total liabilities increased from 825.54 Cr to 2,224.10 Cr in the same period. Cash flow from operating activities has decreased from 126.00 Cr in Mar'23 to 4.00 Cr in Mar'25, indicating a decline in cash generation efficiency. Overall, Redtape has demonstrated robust growth in sales and profitability, despite some fluctuations in profit margins and cash flow.

Is Redtape technically bullish or bearish?

As of November 21, 2025, Redtape's technical trend has shifted to a bearish stance with moderate strength, indicated by bearish MACD, moving averages, and Bollinger Bands, alongside a mildly bearish outlook from Dow Theory and On-Balance Volume.

As of 21 November 2025, the technical trend for Redtape has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the weekly MACD being bearish, daily moving averages indicating a bearish trend, and both weekly and monthly Bollinger Bands also signaling bearish conditions. The Dow Theory shows a mildly bearish stance on the weekly chart, while the On-Balance Volume (OBV) reflects a mildly bearish position as well. Overall, the combination of these indicators suggests a negative outlook for the stock in the near term.

When is the next results date for Redtape Ltd?

The next results date for Redtape Ltd is 12 February 2026.

The next results date for Redtape Ltd is scheduled for 12 February 2026.

Are Redtape Ltd latest results good or bad?

Redtape Ltd's latest results are strong, with a 43.05% year-on-year net profit increase and significant revenue growth. However, concerns about high valuations may warrant caution for investors.

Redtape Ltd's latest results for the December quarter are quite strong, showcasing significant growth and operational efficiency. The company reported a net profit of ₹104.53 crores, which is a remarkable 43.05% increase year-on-year, and a staggering 279.56% increase compared to the previous quarter. Revenue also saw impressive growth, reaching ₹786.55 crores, up 18.98% year-on-year and 59.74% quarter-on-quarter.<BR><BR>The operating margin improved to 21.69%, reflecting a solid expansion of 275 basis points year-on-year, indicating that the company is effectively managing its costs while capitalizing on seasonal demand during the festive period. Additionally, the return on equity (ROE) stands at a robust 21.73%, underscoring strong capital efficiency.<BR><BR>However, despite these positive results, there are concerns regarding the company's elevated valuations, with a P/E ratio of 40 times trailing earnings and a high price-to-book value of 8.33 times. This raises questions about the sustainability of such valuations in the long term.<BR><BR>In summary, while Redtape's latest results are good in terms of growth and operational performance, the market's perception of its valuation presents a more cautious outlook. Investors should weigh these strong fundamentals against the potential risks associated with high valuations and leverage.

Should I buy, sell or hold Redtape Ltd?

Which are the latest news on Redtape?

Why is Redtape Ltd falling/rising?

As of 17-Mar, Redtape Ltd's stock price is rising to 115.00, driven by strong financial results and increased investor interest, despite a poor long-term performance. The stock outperformed its sector and showed significant growth in profit and sales, indicating a potential turnaround.

As of 17-Mar, Redtape Ltd's stock price is rising, currently at 115.00, with a change of 1.05 (0.92%) upward. This increase can be attributed to several factors. Today, the stock outperformed its sector by 2.29%, and it reached an intraday high of Rs 118, reflecting a 3.55% increase. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 21.8% compared to the 5-day average, indicating growing interest in the stock.<BR><BR>Furthermore, the company has recently declared positive financial results after three consecutive quarters of negative performance. Key metrics show significant growth, with profit before tax (PBT) increasing by 152.4% and net sales growing by 48.2% compared to the previous four-quarter average. This positive performance is supported by a high return on capital employed (ROCE) of 16.63%, suggesting efficient management and fair valuation relative to peers.<BR><BR>Despite the stock's poor long-term growth and underperformance over the past year, where it generated a return of -25.90% compared to the market's positive returns, the recent positive financial results and increased trading activity appear to be driving the current rise in stock price.

Why is Redtape Ltd falling/rising?

As of 18-Mar, Redtape Ltd's stock price is rising to 118.95, driven by positive quarterly results and a favorable valuation compared to peers, despite a recent decline in overall performance. The stock's recent gains reflect improved fundamentals and investor interest, although it has underperformed its sector today.

As of 18-Mar, Redtape Ltd's stock price is rising, currently at 118.95, reflecting an increase of 2.3 (1.97%). This rise can be attributed to a few key factors. Firstly, the stock has been gaining for the last two days, with a total return of 4.39% during this period. Additionally, the stock touched an intraday high of Rs 120.7, indicating positive momentum within the trading day.<BR><BR>Despite this recent uptick, it is important to note that the stock has underperformed its sector by 0.44% today, and its overall performance over the past month shows a decline of 5.67%. However, the company recently declared positive quarterly results, marking the highest net sales at Rs 786.55 crore and the highest operating profit to net sales at 21.69%. This improvement in financial performance, alongside a high return on capital employed (ROCE) of 16.63%, suggests a recovery in the company's fundamentals, which may be contributing to the current rise in stock price.<BR><BR>Moreover, the stock is trading at a discount compared to its peers' average historical valuations, which could attract investors looking for value. While the stock has experienced a significant decline of 24.43% over the past year, its profits have increased by 25%, indicating potential for future growth. Overall, these factors combined suggest that the recent rise in Redtape Ltd's stock price is supported by improved financial results and a favorable valuation relative to its peers.

Why is Redtape Ltd falling/rising?

As of 19-Mar, Redtape Ltd's stock price is rising to 120.90, up 1.81%, driven by strong financial results and outperforming its sector. Despite a decline in investor participation, the stock's positive momentum is supported by a three-day gain streak and significant growth in net sales.

As of 19-Mar, Redtape Ltd's stock price is rising, currently at 120.90, reflecting a change of 2.15 (1.81%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 5.02% today and has been on a consecutive gain streak for the last three days, accumulating a total return of 6.1% over the past week. Additionally, the stock reached an intraday high of Rs 121.5, indicating positive momentum.<BR><BR>Despite the overall market conditions, where the Sensex has fallen by 2.40% over the past week, Redtape Ltd's performance stands out. The company has recently reported positive financial results, with net sales growing by 48.2% compared to the previous four-quarter average, and the highest operating profit to net sales ratio recorded at 21.69%. This improvement in financial performance, alongside a high return on capital employed (ROCE) of 16.63%, suggests strong management efficiency and a fair valuation compared to its peers.<BR><BR>However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 10.4% against the five-day average. Despite this, the stock's current upward trend is supported by its recent positive results and its ability to outperform the sector, contributing to the rise in its stock price.

Why is Redtape Ltd falling/rising?

As of 20-Mar, Redtape Ltd's stock price is at 118.50, down 0.8 (-0.67%), reflecting a trend reversal after three days of gains and underperformance compared to its sector. Despite rising investor participation and recent positive financial results, the stock's bearish trend is indicated by its position below key moving averages and a year-to-date decline of 4.28%.

As of 20-Mar, Redtape Ltd's stock price is currently at 118.50, reflecting a decline of 0.8 (-0.67%). The stock has underperformed its sector by 2.03% today and has experienced a trend reversal, falling after three consecutive days of gains. This decline is notable given that the stock has a one-month performance of -6.06%, while the benchmark Sensex has decreased by only 10.00% over the same period.<BR><BR>Despite the recent drop, there are some positive indicators. The company has shown rising investor participation, with a delivery volume increase of 67.13% on March 19 compared to the five-day average. However, the stock's moving averages indicate that it is currently lower than the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.<BR><BR>The company has recently declared positive results after three consecutive negative quarters, with significant growth in profit before tax and net sales. However, the stock's year-to-date performance is still down by 4.28%, and it has generated a return of -25.94% over the past year, despite a 25% increase in profits. This discrepancy between stock performance and profit growth may contribute to the current price decline, as investors may be cautious about the stock's valuation compared to its peers.<BR><BR>Overall, the combination of recent underperformance, the trend reversal, and the stock's position relative to moving averages are key factors contributing to the current decline in Redtape Ltd's stock price.

Why is Redtape Ltd falling/rising?

As of 23-Mar, Redtape Ltd's stock price is Rs 112.50, down 4.34%, and has underperformed significantly over the past year with a 30.66% decline. Despite some positive management indicators, the long-term growth outlook remains poor, contributing to the stock's current downward trend.

As of 23-Mar, Redtape Ltd's stock price is falling, currently at Rs 112.50, which reflects a decrease of Rs 5.1 or 4.34%. The stock has been underperforming, having lost 5.7% over the last two days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a significant decline of 30.66% over the past year, which is much worse than the broader market's decline of 5.47% during the same period.<BR><BR>Today's performance indicates that Redtape Ltd has underperformed its sector by 0.35%. The stock also touched an intraday low of Rs 112, marking a decrease of 4.76%. There has been a notable drop in investor participation, with delivery volume falling by 42.71% compared to the 5-day average. Furthermore, the consumer durables sector, in which Redtape operates, has declined by 4.05%, contributing to the negative sentiment surrounding the stock.<BR><BR>Despite some positive factors, such as high management efficiency and recent improvements in net sales and operating profit, the long-term growth outlook remains poor, with net sales growing at an annual rate of only 14.48% over the last five years. This combination of factors has led to the current decline in Redtape Ltd's stock price.

Why is Redtape Ltd falling/rising?

As of 24-Mar, Redtape Ltd's stock price is rising to 115.65, driven by positive financial results and a trend reversal after previous declines. However, concerns about long-term growth and historical underperformance remain.

As of 24-Mar, Redtape Ltd's stock price is rising, currently at 115.65, reflecting an increase of 2.8 (2.48%). This upward movement can be attributed to several factors. Notably, the stock has outperformed its sector by 1.14% today and has experienced a trend reversal after two consecutive days of decline. Additionally, the stock reached an intraday high of Rs 117.25, marking a 3.9% increase during the trading session.<BR><BR>The company has recently declared positive results for December 2025, showcasing its highest quarterly net sales at Rs 786.55 crore and a significant operating profit margin of 21.69%. This performance comes after three quarters of negative results, indicating a potential turnaround that may have boosted investor confidence.<BR><BR>Despite these positive developments, it is essential to consider the broader context. The stock has been underperforming against benchmarks over the past year, with a return of -29.85%, and has consistently lagged behind the BSE500 in recent years. Furthermore, while the stock is currently trading at a discount compared to its peers, the long-term growth prospects remain a concern, as evidenced by the annual growth rates of net sales and operating profit at 14.48% and 13.05%, respectively, over the last five years.<BR><BR>In summary, the rise in Redtape Ltd's stock price can be attributed to today's positive performance and recent favorable financial results, despite ongoing concerns regarding its long-term growth and historical underperformance.

Why is Redtape Ltd falling/rising?

As of 25-Mar, Redtape Ltd's stock price is declining, currently at 114.50, with a significant drop of 27.99% over the past year. The stock is underperforming its sector and moving averages, indicating a bearish trend and poor long-term growth prospects despite some recent positive results.

As of 25-Mar, Redtape Ltd's stock price is falling, currently at 114.50, reflecting a decrease of 1.45 (-1.25%). This decline is evident in the stock's performance over various time frames, including a 1-week drop of 3.58% and a 1-month decrease of 7.81%. Additionally, the stock has significantly underperformed over the past year, with a return of -27.99%, contrasting sharply with the Sensex, which only declined by 3.52% during the same period.<BR><BR>Today's trading performance indicates that Redtape Ltd has underperformed its sector by 3.44%. Although the stock reached an intraday high of Rs 118.8, it is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend.<BR><BR>Despite some positive factors, such as high management efficiency and a recent declaration of positive results after three consecutive negative quarters, the stock's long-term growth prospects appear poor. The annual growth rates for net sales and operating profit over the last five years are relatively low at 14.48% and 13.05%, respectively. Furthermore, the stock has consistently underperformed against benchmarks, leading to a lack of investor confidence, which is reflected in the current price decline.