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Redtape

  • Market Cap: Mid Cap
  • Industry: Consumer durables
  • ISIN: INE0LXT01019
  • NSEID: REDTAPE
  • BSEID: 543957
INR
142.90
5.05 (3.66%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 87.24 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

141.50144.25

52 Week

116.20245.45
Valuation
Technical
Day's Volume

CASH

87.24 k (-35.90%) Volume

Shareholding (Feb 2025)

FII

3.44%

Held by 69 FIIs

DII

10.23%

Held by 18 DIIs

Promoter

71.80%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Stock is technically in a Bearish range

  • The technical trend has deteriorated from Mildly Bearish on 04-Apr-25 and has generated 1.78% returns since then
  • Multiple factors for the stock are Bearish like MACD, Bollinger Band and KST
2

With ROCE of 18, it has a Expensive valuation with a 6.2 Enterprise value to Capital Employed

3

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Consumer durables

stock-summary
Market cap

INR 7,900 Cr (Mid Cap)

stock-summary
P/E

45.00

stock-summary
Industry P/E

57

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.91

stock-summary
Return on Equity

22.39%

stock-summary
Price to Book

10.83

Revenue and Profits (1 Year):
Net Sales:
665 Cr
(Quarterly Results - Dec 2024)
Net Profit:
73 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-31.16%
0%
-31.16%
1 Year
-20.07%
0%
-20.07%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Redtape for the last several years.

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
148.80%
EBIT Growth (5y)
152.71%
EBIT to Interest (avg)
6.94
Debt to EBITDA (avg)
1.68
Net Debt to Equity (avg)
0.91
Sales to Capital Employed (avg)
1.62
Tax Ratio
26.11%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
13.67%
ROCE (avg)
22.01%
ROE (avg)
22.39%
Valuation key factors
Factor
Value
P/E Ratio
45
Industry P/E
57
Price to Book Value
10.83
EV to EBIT
31.69
EV to EBITDA
24.44
EV to Capital Employed
6.15
EV to Sales
4.07
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
18.04%
ROE (Latest)
22.39%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Feb 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 9 Schemes (10.2%)

FIIs

Held by 69 FIIs (3.44%)

Promoter with highest holding

Shuja Mirza (35.79%)

Highest Public shareholder

Icici Prudential Long Term Wealth Enhancement Fund (5.96%)

Individual Investors Holdings

10.83%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 59.83% vs -5.90% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is 191.46% vs -18.18% in Sep 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "664.57",
          "val2": "415.80",
          "chgp": "59.83%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "128.75",
          "val2": "64.07",
          "chgp": "100.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "12.71",
          "val2": "11.60",
          "chgp": "9.57%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "73.07",
          "val2": "25.07",
          "chgp": "191.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.37%",
          "val2": "15.41%",
          "chgp": "3.96%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 19.37% vs 17.42% in Sep 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -25.19% vs 37.09% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "857.69",
          "val2": "718.50",
          "chgp": "19.37%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "132.61",
          "val2": "138.23",
          "chgp": "-4.07%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "22.02",
          "val2": "15.47",
          "chgp": "42.34%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "55.71",
          "val2": "74.47",
          "chgp": "-25.19%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "15.46%",
          "val2": "19.24%",
          "chgp": "-3.78%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is 13.94% vs 22.63% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -4.81% vs 25.71% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,522.26",
          "val2": "1,336.07",
          "chgp": "13.94%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "261.36",
          "val2": "242.93",
          "chgp": "7.59%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "34.73",
          "val2": "25.32",
          "chgp": "37.16%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "128.78",
          "val2": "135.29",
          "chgp": "-4.81%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.17%",
          "val2": "18.18%",
          "chgp": "-1.01%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 25.90% vs 384.24% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 23.98% vs 389.50% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,848.59",
          "val2": "1,468.31",
          "chgp": "25.90%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "320.61",
          "val2": "244.37",
          "chgp": "31.20%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "32.51",
          "val2": "17.46",
          "chgp": "86.20%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "176.24",
          "val2": "142.15",
          "chgp": "23.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.34%",
          "val2": "16.64%",
          "chgp": "0.70%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
664.57
415.80
59.83%
Operating Profit (PBDIT) excl Other Income
128.75
64.07
100.95%
Interest
12.71
11.60
9.57%
Exceptional Items
0.00
0.00
Consolidate Net Profit
73.07
25.07
191.46%
Operating Profit Margin (Excl OI)
19.37%
15.41%
3.96%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is 59.83% vs -5.90% in Sep 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2024 is 191.46% vs -18.18% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
857.69
718.50
19.37%
Operating Profit (PBDIT) excl Other Income
132.61
138.23
-4.07%
Interest
22.02
15.47
42.34%
Exceptional Items
0.00
0.00
Consolidate Net Profit
55.71
74.47
-25.19%
Operating Profit Margin (Excl OI)
15.46%
19.24%
-3.78%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 19.37% vs 17.42% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -25.19% vs 37.09% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,522.26
1,336.07
13.94%
Operating Profit (PBDIT) excl Other Income
261.36
242.93
7.59%
Interest
34.73
25.32
37.16%
Exceptional Items
0.00
0.00
Consolidate Net Profit
128.78
135.29
-4.81%
Operating Profit Margin (Excl OI)
17.17%
18.18%
-1.01%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is 13.94% vs 22.63% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -4.81% vs 25.71% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
1,848.59
1,468.31
25.90%
Operating Profit (PBDIT) excl Other Income
320.61
244.37
31.20%
Interest
32.51
17.46
86.20%
Exceptional Items
0.00
0.00
Consolidate Net Profit
176.24
142.15
23.98%
Operating Profit Margin (Excl OI)
17.34%
16.64%
0.70%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 25.90% vs 384.24% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 23.98% vs 389.50% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Redtape Ltd stock-summary
stock-summary
Redtape Ltd
Mid Cap
Consumer durables
Redtape Limited was incorporated on December 8, 2021 as a wholly owned subsidiary of Mirza International Limited. Prior to the Scheme, the Company was engaged in design, development, manufacturing, marketing, trading, export and retailing of leather footwear, sports shoes, garments & apparels, leather goods and accessories, and other related activities.
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