Is Redtape a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Redtape Ltd is a below average quality company .

Is Redtape undervalued or overvalued?

The key valuation ratios of Redtape Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Redtape share price return in the past 10 years?

Data is not available for this company

Is Redtape a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Redtape Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Redtape Ltd - Stock Valuation and Financial Performance

Name: Redtape
Brand: Redtape

BSE: 543957 | NSE: REDTAPE | Retailing | Small Cap

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Redtape Share Price

₹854.90 -9.10 -1.05%
as on 20-Dec'24 16:59

10 Year X-Ray of Redtape:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-71.8%	72.6%	39.4%	-
Value Creation Index ⓘ	-6.3	4.4	1.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	1,459	1,832	1,975
Sales YoY Gr.	-	NA	25.6%	-
Adj EPS ⓘ	-0.8	9.8	12.4	11.2
YoY Gr.	-	NA	25.6%	-
BVPS (₹) ⓘ	1.2	33.7	45.7	49.9
Adj Net Profit ⓘ	0	136	171	155
Cash Flow from Ops. ⓘ	0	111	81.6	-
Debt/CF from Ops. ⓘ	0	0.7	2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	NA	25.6%
Adj EPS ⓘ	NA	NA	NA	25.6%
BVPSⓘ	NA	NA	NA	35.6%
Share Price	-	-	-	83.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-71.8	58.4	31.1	23.4
Op. Profit Mgn % ⓘ	0	16.2	17	15.6
Net Profit Mgn % ⓘ	0	9.3	9.3	7.8
Debt to Equity ⓘ	0	0.2	0.3	0.1
Working Cap Days ⓘ	0	97	172	98
Cash Conv. Cycle ⓘ	0	49	89	30

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.40%

Sales growth is good in last 4 quarters at 26.09%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Redtape Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.2	11.4
TTM Sales (₹ Cr.)	1,975	1,982
BVPS (₹.) ⓘ	49.9	50.9
Reserves (₹ Cr.) ⓘ	661	676
P/BV ⓘ	17.15	16.80
PE ⓘ	76.30	75.02

From the Market
52 Week Low / High (₹)	437.70 / 981.80
All Time Low / High (₹)	410.55 / 981.80
Market Cap (₹ Cr.)	11,815
Equity (₹ Cr.)	27.6
Face Value (₹)	2
Industry PE ⓘ	97.3

Management X-Ray of Redtape:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Redtape

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Redtape

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'22	Mar'23	Mar'24
Sales	0	1,459	1,832
Operating Expenses ⓘ	0	1,222	1,522
Manufacturing Costs	0	61	44
Material Costs	0	763	936
Employee Cost	0	66	92
Other Costs ⓘ	0	332	451
Operating Profit ⓘ	0	236	310
Operating Profit Margin (%)	-	16.2%	16.9%
Other Income ⓘ	0	7	13
Interest ⓘ	0	17	37
Depreciation ⓘ	0	44	59
Exceptional Items ⓘ	0	0	0
Profit Before Tax ⓘ	0	181	227
Tax ⓘ	0	45	57
Profit After Tax	0	136	170
PAT Margin (%)	-	9.3%	9.3%
Adjusted EPS (₹)	-0.8	9.9	12.3
Dividend Payout Ratio (%)	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	0	466	632
Share Capital ⓘ	0	28	28
Reserves ⓘ	0	438	605
Minority Interest	0	0	0
Debt	0	64	134
Long Term Debt	0	31	25
Short Term Debt	0	34	109
Trade Payables	0	344	275
Others Liabilities ⓘ	0	353	586
Total Liabilities ⓘ	0	1,227	1,627
Fixed Assets
Gross Block	0	545	859
Accumulated Depreciation	0	177	214
Net Fixed Assetsⓘ	0	368	645
CWIP ⓘ	0	71	17
Investmentsⓘ	0	1	0
Inventories	0	643	760
Trade Receivables	0	84	90
Cash Equivalents	0	15	8
Others Assetsⓘ	0	45	106
Total Assets ⓘ	0	1,227	1,627

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	111	82
PBT ⓘ	181	227
Adjustment ⓘ	54	87
Changes in Working Capital ⓘ	-85	-172
Tax Paid ⓘ	-40	-61
Cash Flow From Investing Activity ⓘ	-116	-115
Capex	-121	-115
Net Investments	0	0
Others ⓘ	5	0
Cash Flow From Financing Activityⓘ	12	26
Net Proceeds from Shares ⓘ	0	0
Net Proceeds from Borrowing ⓘ	19	-6
Interest Paid ⓘ	-8	-14
Dividend Paid ⓘ	0	0
Others ⓘ	1	46
Net Cash Flow ⓘ	7	-7

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	58.38	30.92
ROCE (%)	N/A	72.62	39.39
Asset Turnover Ratio	0	2.38	1.28
PAT to CFO Conversion(x)	N/A	0.82	0.48
Working Capital Days
Receivable Days	0	21	17
Inventory Days	0	161	140
Payable Days	0	82	121

Redtape Ltd Stock News

Redtape Ltd FAQs

What is the share price of Redtape?

Company share prices are keep on changing according to the market conditions. The closing price of Redtape on 20-Dec-2024 16:59 is ₹854.9.

What is the market cap of Redtape?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Redtape stood at ₹11,814.9.

What is the P/E ratio of Redtape?

The latest P/E ratio of Redtape as of 20-Dec-2024 16:59 is 76.30.

What is the P/B ratio of Redtape?

The latest P/B ratio of Redtape as of 20-Dec-2024 16:59 is 17.15.

What is the 52-week high and low of Redtape?

The 52-week high of Redtape is ₹981.8 and the 52-week low is ₹437.7.

What is the TTM revenue of Redtape?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Redtape is ₹1,975 ( Cr.) .

About Redtape Ltd

RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.

The story dates back to 1996 when it became one of the first Indian Footwear Brands to be available in the leading Global Markets such as the UK & US. Since then, Redtape has only moved onward and upward.

Presently, it is a Global Fashion Brand for the Young and Fashionable Generation. It has a strong presence in the UK where it is sold through the Top-Chain Stores and Multi-Brand Outlets. In the US and Europe, where it has a growing presence, the brand is sold through multi-brand outlets. It has also developed a significant online presence in such markets. It has also established itself in the markets of Australia, Turkiye, and UAE. Having exclusive showrooms in India, Dubai, Sharjah, Nepal, and Sri Lanka, the brand aims to expand its presence across the globe.

On the global front, the company’s footprint spans across many Countries and Continents. It is listed among the top Footwear Brands striding ahead in the market. The brand has gained a strong foothold in the niche markets of India, UK, US, Australia, Turkiye, UAE, France, Germany, West Asia and South Africa and others.

Having established its mark in the most Lucrative and Fashionable International Markets, it has achieved exponential growth in India. Its Omni-Channel Retail Strategy, with a Strong Emphasis on Digital Infrastructure, is enabling it to consistently increase its domestic reach and deliver an engaging and seamless brand experience to consumers both in-store and online.

The company’s Expertise in Product Innovation, along with the Strong Fashion Sensibilities, has also inspired it to foray into Clothing and Accessory Segments in both Domestic and Global Markets.

On February 21 of this year, the company announced that it had received approval for a composite scheme of arrangement involving RTS Fashions Private Limited, Mirza International Limited, and Redtape Limited. This scheme became effective on February 25, 2023.

The scheme involves the demerger of Redtape from Mirza International and the amalgamation of the entity owned by the promoter group, RTS Fashions, with Mirza International.

Redtape has received approval from BSE Lmited and National Stock Exchange of India, for Listing and Trading of Equity Shares of Redtape effective from August 11,2023.

Business area of the company

The company is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups.

The brand has raised the bar and has diversified its product line from just catering to the footwear needs of its consumers to an amazing mix of casual and semi-formal apparels including Shirts, T-Shirts, Ethnic Wear, Trousers, Denims, Sweaters, Jackets, Belts, Socks, Wallets, & Handkerchief.

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