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Prices as of 9 Oct 2026 close · Not investment advice

Redtape Limited

NSE: REDTAPEFootwear

Share price

₹112.77

-0.34% close of 9 Oct 2026

Market cap ₹6,259 CrP/E 25.4

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

65

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹6,259 Cr

P/E ratio

25.4

P/B ratio

6.1

ROCE

24.5%

ROE

26.6%

Dividend yield

1.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹148.4952-week low ₹109.76

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 19.0% over the past year, and 16.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 17.3% to 16.8% over the last three years.

Whether it grew faster than its sector

It grew 16.0% a year against a sector median of 11.3% — 4.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 25.4× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 39.1×, across 5 companies. It is against its own five-year median of 45.7×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.3 times its growth rate, on earnings growth of 19%.

Profit growthPrice per ₹1 profitPer 1% growth
Redtape Limited — this one19%/yr25.4×₹1.3
Metro Brands Limited5%/yr57.8×₹11.6
Bata India Limited-19%/yr45.1×—
Relaxo Footwears Limited5%/yr38.4×₹7.7
Campus Activewear Limited9%/yr39.1×₹4.3
Sreeleathers Limited-4%/yr19.4×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Footwear), it ranks 1 of 8 on returns, 1 of 8 on growth, 5 of 8 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 24.5% on capital, ahead of 88% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹433 crore of cash from the business but spent ₹491 crore on plant and equipment, ₹58 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹28 crore to ₹720 crore. And the profit is real: of every 100 rupees it reported over 5 years, about 57 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 279 days for its cash to waiting 81 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Q1 revenue grew 3.7% while profit rose 14.1%, with management keeping a roughly 20% margin aim for FY27.

Announced 10 Aug 2026 · Consolidated · Unaudited

Revenue

₹481 Cr

Revenue vs last year

+3.7%

Revenue vs last quarter

-28.8%

Net profit

₹44 Cr

Profit vs last year

+14.1%

Profit vs last quarter

-36.5%

Net margin

9.2%

EPS

₹0.80

Earnings call transcript · 11 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹6,259 Cr
Prev close
₹112.77
52w High
₹159
52w Low
₹108
Enterprise value
₹6,969 Cr
Beta
0.8
Price CAGR 1y
-16.0%
Price CAGR 3y
-1.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
10.5%
PEG ratio
1.3
P/E ratio
25.4
P/B ratio
6.1
EV / EBITDA
16.8
Industry P/E
40.5
ROCE
24.5%
ROCE 5y average
28.0%
ROE
26.6%
Debt / Equity
0.7
Interest coverage
5.4
Dividend yield
1.8%
ROE 3y average
27.0%
ROE last year
27.0%

Annual P&L

Annual revenue
₹2,419 Cr
Annual profit
₹241 Cr
Operating margin
15.0%
Net profit margin
10.0%
EBITDA margin
14.6%
Sales growth 3y
18.1%
Sales growth 5y
—
Profit growth 3y
19.0%
Profit growth 5y
—
EPS
₹4.4
Sales growth TTM
19.0%
Profit growth TTM
38.0%
Dividend payout
46.0%

Quarter P&L

Sales latest quarter
₹481 Cr
Profit latest quarter
₹44 Cr
YoY quarterly sales growth
3.7%
YoY quarterly profit growth
12.8%
OPM latest quarter
17.4%

Balance Sheet

Book Value
₹18.4
Face Value
₹2.0
Total debt
₹720 Cr
Total cash
₹10 Cr
Borrowings
₹720 Cr
Reserves / Equity
8.2

Cash Flow

Operating cash flow
₹174 Cr
Free cash flow
₹89 Cr
FCF yield
0.3%
Net cash flow
-₹5 Cr

Shareholding

Promoter holding
71.8%
FII holding
3.2%
DII holding
11.7%
Public holding
13.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Metro Brands840.0056.422,8990.7395.3-4.8720.414.720.1
Bata India607.0044.87,8024.1064.015.9979.03.912.7
Relaxo Footwear284.2538.27,0761.2154.912.3705.17.711.2
Redtape111.5525.06,1671.7744.515.2481.33.624.5
Campus Activewe.198.1539.36,0570.7426.117.8385.212.221.2
Sreeleathers278.6019.66450.727.0138.659.619.77.0
Liberty Shoes210.5042.13590.000.7-77.0169.9-1.77.9
Median200.0039.36450.7216.613.8277.55.812.7

Competes with: Bata India Limited, Campus Activewear Limited, Khadim India Limited, Liberty Shoes Limited, Metro Brands Limited, Relaxo Footwears Limited, Sreeleathers Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales395325618507442416661506464492787676481
Expenses313267513432373352536461387420640564398
Material Cost231414121114
Change in Inventories-2368.6225-1341-9.84
Purchases of Stock-in-Trade478226263432331250
Employee Cost303030343132
Other Expenses13010987151150111
Operating Profit825810575696412545777314711184
OPM %211817151615198.911715191717
Other Income124523950910312215
Exceptional items (within Other Income)000000
Interest691010101213161619181515
Depreciation12151615192122222122232224
Profit before tax643682544235995749421379660
Tax %27232625262826282134242726
Net Profit472861413125734139281057044
EPS in Rs0.850.501.100.740.550.451.320.750.700.501.891.260.80
Diluted EPS in Rs0.750.700.501.891.260.80

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2022 3mMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3031,4681,8432,0212,4192,436
Expenses2561,2241,5241,8012,0652,021
Material Cost6452
Change in Inventories-45662
Purchases of Stock-in-Trade1,4711,263
Employee Cost120125
Other Expenses485570
Operating Profit47244319220353414
OPM %161717111517
Other Income-071315113278
Exceptional items (within Other Income)00
Interest41737547366
Depreciation24459838891
Profit before tax41189236233324336
Tax %2925252726
Net Profit29142176170241246
EPS in Rs2.573.193.084.354.45
Diluted EPS in Rs3.084.35
Dividend Payout %-0-0-07346

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
—
3 years
18%
TTM
19%

Compounded profit growth

10 years
—
5 years
—
3 years
19%
TTM
38%

Stock price CAGR

10 years
—
5 years
—
3 years
-1%
1 year
-16%

Return on equity

10 years
—
5 years
26%
3 years
27%
Last year
27%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.012828111111
Reserves336449621678911
Borrowings28260480724720
Other Liabilities461502460712564
Total Liabilities8261,2391,5882,2242,306
Fixed Assets304368646717750
CWIP1771174625
Investments11-0-0-0
Other Assets5047999251,4611,531
Total Assets8261,2391,5882,2242,306

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity44127844174
Cash from Investing Activity-49-127-116-110-85
Cash from Financing Activity-17122699-94
Net Cash Flow-2212-5-7-5
Free Cash Flow-5-6-32-10489

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6821182032
Inventory Days963308298406306
Days Payable40716410817497
Cash Conversion Cycle623164208252240
Working Capital Days27948546281
ROCE %37292224

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters727272727272727272727272
FIIs2.222.743.103.173.303.483.533.643.833.883.813.21
DIIs6.447.307.868.891010101011111112
Public201817161515141414131313
No. of Shareholders59,22063,14757,88055,67155,82465,35474,36478,75279,83079,37977,94375,576

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -16.4% (₹134.96 → ₹112.77)Brick size ₹4.07 (fixed)Bricks 39
₹120₹130₹140₹113Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹112.77 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

710inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,65,83,485inr

2026-03-31

News

News and filings about Redtape Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • EVA / TPR / TPU / PU sole compounds
  • cotton & synthetic apparel fabric
  • imported finished garments
  • packing material
  • rubber soles
  • shoe upper material (leather / synthetic / textile)
  • stores and spares

Depends on the price of

  • cotton
  • rubber

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Footwear
Classification
Consumer Durables › Footwear
ISIN
INE0LXT01019

Plants

  • Kashipur Footwear Works
  • Noida Works · Noida, Uttar Pradesh
  • Unnao Works / Warehouse · Unnao, Uttar Pradesh

News impact

Big market events that reach Redtape Limited, and how the effect spreads.

16 Sept, 10:57 IST · Market event · medium impact

UK, EU trade pacts to boost India’s leather exports

New UK and EU trade pacts should lift India's leather and shoe exports toward $5.5 billion, helping shoemakers like Bata, Mayur and Red Tape, with no clear losers except rival exporting countries.

Consumer Durables

Who it hits first

  • Indian leather and footwear exporters get cheaper access to the UK and EU — two of their biggest buyers — as trade pacts cut import duties; the leather export council (CLE) expects footwear exports alone to reach $5.5 billion.
  • No listed company was named in the report, so the boost lands sector-wide on shoemakers and leather-goods makers rather than on one stock.

Who may gain

  • Listed shoemakers and leather-linked makers: Mayur Uniquoters (artificial leather for shoes and furnishings), Bata India (India's largest shoe retailer, with an export arm), and Red Tape (footwear brand with overseas sales).
  • Unlisted tannery clusters (Chennai, Kanpur, Kolkata) and shipping/logistics firms gain from higher export volumes.

Along the supply chain

Downstream

UK and EU retailers and distributors get cheaper Indian shoes to stock; Indian ports and freight firms handle higher footwear cargo volumes.

Upstream

Tanneries, leather-chemical makers and shoe-component suppliers in Tamil Nadu, UP and West Bengal get more orders as exporters scale up; hides and chemical input demand rises.

Where demand moves

Business

UK and EU shoe buyers shift part of their orders from Bangladesh, Vietnam and China to Indian makers as duties fall; Indian tanneries and component makers (soles, laces, cartons) see more orders in turn.

Capital

Export-theme money rotates toward high-export consumer names and leather pure-plays; small sentiment lift for the wider Consumer Durables pack on pro-trade headlines.

How it spreads across sectors

Consumer Durables

Footwear and leather-goods makers gain export demand; sentiment spillover to other export-heavy durables.

Services

Small lift for logistics and freight handlers on higher export cargo.

Textiles

Mild positive readthrough — apparel exporters share the same UK/EU buyers and benefit from the same pro-trade mood.

Commodity angle

Cc skip reason

no_commodity_link

When it plays out

Immediate

1-7 days: sentiment pop for leather and footwear stocks on the headline; exporters' commentary in business press.

Medium term

1-6 months: export orders convert to shipments and revenue; footwear export data shows whether the $5.5 billion run-rate is on track.

Short term

1-4 weeks: tariff details and product lists emerge; order enquiries from UK/EU buyers pick up; stocks re-rate on confirmed numbers or fade if details disappoint.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹2
1 Aug 2025unspecified₹0.25
4 Feb 2025bonus₹0
3 Jan 2025interim₹2

Splits, bonuses & buybacks

  • daily-prices repair: 5 rows from NSE's archive (replace 0, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.