Redtape

Why is Redtape Ltd falling/rising?

As of 15-Jun, Redtape Ltd's stock price is rising to Rs 135.65, driven by strong fundamentals and increased investor interest, with a notable return of 3.76% over the last three days. The stock is above key moving averages, indicating a bullish trend and reflecting confidence in the company's performance.

As of 15-Jun, Redtape Ltd's stock price is rising, currently at Rs 135.65, reflecting an increase of Rs 1.7 or 1.27%. This upward movement can be attributed to several factors. The stock has been gaining for the last three days, with a total return of 3.76% during this period. Additionally, it reached an intraday high of Rs 139.5, marking a rise of 4.14%.<BR><BR>The stock's performance is also supported by its trading position, as it is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 63.73% compared to the 5-day average, suggesting growing interest among investors.<BR><BR>Financially, Redtape Ltd shows strong fundamentals, highlighted by a high return on capital employed (ROCE) of 18.85% and a low debt-equity ratio of 0.71 times. The company reported positive results for the quarter ending March 26, with profit before tax growing by 59.9% compared to the previous four-quarter average and net sales increasing by 20.1%. These robust financial indicators contribute to the stock's rising price, reflecting investor confidence in the company's performance and prospects.

Which are the latest news on Redtape?

What does Redtape do?

Redtape Ltd designs, manufactures, and markets leather footwear, sports shoes, garments, and accessories, operating in the small-cap footwear industry. As of March 2026, it reported net sales of 676 Cr and a net profit of 70 Cr, with a market cap of INR 7,413 Cr.

Overview: <BR>Redtape Ltd is 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 in the small-cap market.<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 net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 676 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 70 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 7,413 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 30.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.18% <BR>Debt-Equity: 0.70 <BR>Return on Equity: 23.55% <BR>Price to Book: 7.23 <BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Redtape?

As of 10th June, Redtape Ltd has a market capitalization of 7,413.00 Cr, with recent net sales of 2,418.77 Cr and a net profit of 240.55 Cr. Shareholder's funds are 788.84 Cr, and total assets amount to 2,224.10 Cr.

As of 10th June, Redtape Ltd has a market capitalization of 7,413.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Redtape reported Net Sales of 2,418.77 Cr and a Net Profit of 240.55 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 788.84 Cr and Total Assets of 2,224.10 Cr.

Who are in the management team of Redtape?

The management team of Redtape includes Chairman Rashid Ahmed Mirza, Managing Director Shuja Mirza, Whole-time Directors Arvind Verma and Sunanda Singh, Independent Directors Subhash Sapra, Yashvir Singh, and Rajshree Saxena, Non-Executive Director Sanjay Bhalla, and Company Secretary Akhilendra Bahadur Singh. They are responsible for the company's strategic direction and operations.

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>This team oversees the strategic direction and operations of the company.

Who are the peers of the Redtape?

Redtape's peers include Metro Brands, Relaxo Footwear, Bata India, Campus Activewear, Lehar Footwears, Sreeleathers, Liberty Shoes, and Khadim India. In terms of management risk, Relaxo and Campus have excellent ratings, while Redtape is rated good; Lehar has good growth, but Redtape and others show below-average growth.

Peers: The peers of Redtape are Metro Brands, Relaxo Footwear, Bata India, Campus Activewe., Lehar Footwears, Sreeleathers, Liberty Shoes, and Khadim India.<BR><BR>Quality Snapshot: Excellent management risk is observed at Relaxo Footwear and Campus Activewe., while Good management risk is found at Metro Brands, Bata India, and Redtape. Average management risk is present at Khadim India and Lehar Footwears, while Below Average management risk is noted at Sreeleathers and Liberty Shoes. Growth is Good at Bata India and Lehar Footwears, while Below Average growth is seen at Metro Brands, Relaxo Footwear, Redtape, Campus Activewe., Sreeleathers, Khadim India, and Liberty Shoes. Capital Structure is Excellent at Relaxo Footwear and Sreeleathers, Good at Metro Brands, Bata India, Campus Activewe., and Average at Redtape and Liberty Shoes, while Below Average is noted at Lehar Footwears and Khadim India.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Lehar Footwears at 7.92%, while the lowest is Khadim India at -65.11%. Redtape's 1-year return is -0.56%, which is better than Khadim India but worse than Lehar Footwears. Additionally, the six-month return is negative for Metro Brands, Bata India, Relaxo Footwear, Campus Activewe., Sreeleathers, Liberty Shoes, and Khadim India.

Should I buy, sell or hold Redtape Ltd?

Are Redtape Ltd latest results good or bad?

Redtape Ltd's latest Q4 FY26 results show strong year-on-year growth with a net profit increase of 69.53% and revenue up 33.51%. However, there are concerns due to a quarter-on-quarter decline in net profit by 33.15% and revenue by 14.12%, indicating potential volatility.

Redtape Ltd's latest results for Q4 FY26 present a mixed picture. On one hand, the company reported a net profit of ₹69.88 crores, which reflects a significant year-on-year increase of 69.53%. This indicates strong growth compared to the same quarter last year. Additionally, revenue for the quarter was ₹675.51 crores, up 33.51% year-on-year, showcasing robust sales performance.<BR><BR>However, there are notable concerns as well. The net profit decreased by 33.15% quarter-on-quarter, and revenue fell by 14.12% compared to the previous quarter. This decline is consistent with seasonal trends in the footwear industry, where the festive season typically drives higher sales in the preceding quarter. Furthermore, the operating margin, while improved year-on-year, contracted from the previous quarter.<BR><BR>Overall, while the year-on-year growth figures are promising, the sequential declines in profit and revenue raise caution. The company is demonstrating strong operational leverage and cost management capabilities, but the recent quarterly performance suggests volatility that investors should consider.

When is the next results date for Redtape Ltd?

The next results date for Redtape Ltd is 26 May 2026.

The next results date for Redtape Ltd is scheduled for 26 May 2026.

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.

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 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.

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.

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.