Redtape Limited
NSE: REDTAPE · Footwear · sector
₹103.84NSE close 2026-10-26
Key numbers
Market cap₹5,740 cr
Price₹103.84
52w high / low₹159 / ₹104
P/E23.3xSector median 37.3x
P/B5.6xSector median 2.7x
Book value₹18.5
Dividend yield0.24%Sector median 0.33%
ROE27.6%Sector median 8.9%
ROCE28.6%Sector median 13.6%
OPM18.0%Sector median 14.4%
Debt / equity0.38xSector median 0.12x
EV/EBITDA13.9xSector median 13.9x
Interest cover6.1x
Current ratio1.57x
Sales growth 3y–Sector median +5.2%
Profit growth 3y–Sector median +4.2%
PEG0.58x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Footwear (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹10 cr vs borrowings ₹386 cr (FY26): borrowings are higher by ₹376 cr.
- Operating profit covered interest 6.1x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 22% of net profit in the last 12 months.
- Debtor days went from 18 (FY24) to 32 (FY26).
- Dividend paid in 2 of the last 3 financial years.
- Price ₹103.84 on 2026-10-26: -34.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹946.20 · low ₹103.84
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 416 | 665 | 506 | 464 | 492 | 787 | 676 | 481 |
| EBITDA | 64 | 129 | 81 | 77 | 73 | 171 | 111 | 84 |
| OPM % | 15.4% | 19.4% | 16.1% | 16.6% | 14.8% | 21.7% | 16.5% | 17.4% |
| Other income | 3 | 5 | 14 | 9 | 10 | 7 | 22 | 15 |
| Net profit | 25 | 73 | 41 | 39 | 31 | 105 | 70 | 44 |
| EPS (₹) | 0.45 | 1.32 | 0.75 | 0.70 | 0.50 | 1.89 | 1.26 | 0.80 |
| Revenue YoY | +18.4% | +18.4% | +33.5% | +3.7% | ||||
| Profit YoY | +23.1% | +43.1% | +69.5% | +15.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 1,843 | 2,021 | 2,419 | 2,436 |
| EBITDA | 315 | 335 | 347 | 438 |
| Net profit | 176 | 170 | 241 | 250 |
| EPS (₹) | 3.19 | 3.08 | 4.35 | 4.45 |
| Revenue growth | +9.7% | +19.7% | +18.8% | |
| Profit growth | -3.5% | +41.5% | +40.3% | |
| Dividend / share (₹) | – | 2.00 | 0.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +18.8% |
| Net profit | – | – | +40.3% |
| EPS | – | – | – |
| Share price | – | -32.4% (2y) | -20.3% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 648 | 789 | 1,021 |
| Borrowings | 161 | 366 | 386 |
| Cash & equivalents | 21 | 15 | 10 |
| Total assets | 1,588 | 2,224 | 2,306 |
| Fixed assets | 345 | 381 | 446 |
| Capital work in progress | 9 | 46 | 25 |
| Investments | 0 | 0 | 0 |
| Receivables | 91 | 112 | 210 |
| Inventory | 764 | 1,221 | 1,152 |
| Payables | 276 | 504 | 365 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 84 | 4 | 174 |
| Cash from investing | -116 | -109 | -84 |
| Cash from financing | 26 | 99 | -94 |
| Capex | 120 | 171 | 84 |
| Free cash flow | -35 | -167 | 90 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 27.2% | 21.6% | 23.6% |
| ROCE % | 33.2% | 24.6% | 27.9% |
| Debtor days | 18 | 20 | 32 |
| Inventory days | 294 | 413 | 305 |
| Payable days | 106 | 170 | 97 |
| Cash conversion cycle (days) | 206 | 263 | 240 |
| Working capital days | 59 | 64 | 83 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.83% |
| FIIs | 3.02% |
| DIIs | 11.84% |
| of which Mutual funds | 11.83% |
| Public (non-institutions) | 13.31% |
| Quarter | Feb 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.80% | 71.80% | 71.80% | 71.80% | 71.79% | 71.83% | 71.83% | 71.83% |
| Promoter group | % |
|---|---|
| Rashid Ahmed Mirza | 35.81% |
| Shuja Mirza | 35.79% |
| Tauseef Ahmad Mirza | 0.06% |
| Fauzia Mirza | 0.05% |
| Firdaus Amin | 0.04% |
| Haya Mirza | 0.04% |
| Iram Mirza | 0.02% |
| Shahid Ahmad Mirza | 0.02% |
| Nida Mirza | 0.00% |
| Yusra Mirza | 0.00% |
| Amaan Mirza | 0.00% |
| Sarah Mirza | 0.00% |
| Faraz Mirza | 0.00% |
| Mustafa Mirza | 0.00% |
| Hiba Mirza | 0.00% |
| Public holders above 1% | % |
|---|---|
| ICICI Prudential India Opportunities Fund | 7.77% |
| HDFC Small CAP Fund | 4.05% |
| Eastspring Investments India Fund | 1.70% |
76,289 shareholders. Pledged: – of promoter shares.
Peers in Footwear
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| METROBRAND | ₹21,951 cr | 52.9x | 10.5x | 39.3% | 32.3% | 30.1% | +10.4% | 0.68% |
| BATAINDIA | ₹8,025 cr | 54.9x | 5.0x | 9.2% | 20.7% | 18.8% | +0.6% | 1.44% |
| RELAXO | ₹7,024 cr | 37.9x | 3.2x | 8.6% | 12.4% | 13.9% | -1.0% | 1.06% |
| REDTAPE | ₹5,740 cr | 23.3x | 5.6x | 27.6% | 28.6% | 18.0% | – | 0.24% |
| CAMPUS | ₹5,739 cr | 37.3x | 6.3x | 18.5% | 24.5% | 16.4% | +6.1% | 0.16% |
| SREEL | ₹613 cr | 18.7x | 1.2x | 6.8% | 8.8% | 14.8% | +7.6% | 0.33% |
| LIBERTSHOE | ₹320 cr | 37.3x | 1.4x | 3.8% | 8.9% | 8.4% | +4.2% | – |
| LEHAR | ₹300 cr | 18.1x | 2.3x | 13.5% | 14.8% | 9.2% | +28.7% | 0.29% |
| KHADIM | ₹221 cr | 79.6x | 1.3x | 1.3% | 10.5% | 12.2% | -17.8% | – |
| KSR | ₹60 cr | – | 0.8x | -10.1% | -8.6% | -2.0% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 2 Per Share |
| 2025-08-01 | Dividend | Dividend - Rs 0.25 Per Share |
| 2025-02-04 | Bonus | Bonus 3:1 |
| 2025-01-03 | Dividend | Interim Dividend - Rs 2 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Retail & Export of Footwear, Garments & Accessories: Retail Sale, Online Market Place Sales, Distribution Sales, Export Sales of Footwear, Garments & Accessories
| Sector | Consumer Discretionary |
| Industry | Footwear |
| Sub-industry | Footwear |
| Symbol | REDTAPE |
| BSE code | 543957 |
| ISIN | INE0LXT01019 |
| Face value | ₹2.0 |
| Incorporated | 2021-12-08 |
| Website | www.redtape.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.