1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Redtape Limited

Redtape Limited

REDTAPE.BO
Redtape LimitedIN flagBombay Stock Exchange
137.05
INR
-0.20
- -
75.75BMarket Cap
Redtape Limited
REDTAPE.BO
(Bombay Stock Exchange)

Recent

price

137.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
2026
TTM
FRC
5.48
26.39
33.14
36.61
43.74
43.78
Revenue per Share
0.53
2.57
3.19
3.08
4.35
4.35
Basic EPS, GAAP
-0.09
-0.34
-0.64
-1.97
1.59
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.5
0.25
- -
Dividend per Share
0.53
3.6
6.79
9.37
2
2
Book Value per Share
5.99
8.51
11.58
14.12
18.32
18.34
Tangible Book Value per Share
553
553
553
552
553
552
Basic Weighted Avg Shares
3,030
14,587
18,320
20,209
24,188
24,188
Sales/Revenue/Turnover
14.86
13.71
14.47
6.57
10.73
14.22
Operating Margin (%)
24
444
592
834
879
879
Depreciation Expense
290
1,422
1,762
1,700
2,406
2,406
Net Income, GAAP
28.82
24.83
25.4
27.01
25.8
25.8
Effective Tax Rate (%)
9.58
9.74
9.62
8.41
9.95
9.95
Profit Margin (%)
2,460
2,186
2,960
3,566
5,484
5,484
Working Capital
1,425
1,908
3,160
3,386
3,080
3,080
LT Debt
3,359
4,768
6,484
7,888
10,214
10,214
Total Equity
- -
23.8
21.13
7.32
11.8
15.64
Return on Invested Capital (%)
- -
45.33
30.52
19.77
28.11
28.11
Return on Capital (%)
- -
124.75
61.42
38.11
76.67
76.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,130
- -
4,119
LT Borrowings
204
- -
143
LT Finance Leases
2,960
- -
2,937
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
553
- -
553
Market Capitalization
79,091
68,242
60,634

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
15,199
- -
15,183
Cash, Cash Equivalents & STI
396
- -
267
Accounts Receivable, Net
1,987
- -
2,102
Inventories
11,755
- -
11,525
Total Current Liabilities
11,112
- -
9,699
Payables & Accruals
- -
- -
- -
ST Debt
6,130
- -
4,119
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
29.48%
Free Cash Flow
- -
- -
-180.89%
Net Income, GAAP
- -
- -
41.5%
Sales/Revenue/Turnover
- -
- -
19.69%
Total Cash Common Dividend
- -
- -
-50%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,947
3,247
6,176
4,959
18,320
2025
4,419
4,158
6,610
5,060
20,209
2026
4,643
4,924
7,866
6,755
24,188

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
0.5
1.1
- -
3.19
2025
0.55
0.45
1.32
0.75
3.08
2026
0.7
0.5
1.89
1.26
4.35

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
0.25
Similar Companies
Shoei Co. Ltd. (7839.T)
Industria de Diseño Textil, S.A. (IDEXY)
Palemo Holdings Co.,Ltd. (2778.T)
Universal Incorporation (1325.TW)
China Ting Group Holdings Limited (3398.HK)
Hermes International SCA (HMI.DE)
Business
Redtape Limited REDTAPE Limited (REDTAPE.BO) manufactures, markets and retails footwear, apparel and accessories for men, women and kids, including casual sneakers, lifestyle shoes, boots, athleisure sports shoes, shirts, t-shirts, trousers, denims, sweaters, jackets, ethnic wear, belts, socks, wallets and handkerchiefs; it operates through an omni-channel model encompassing over 435 stores across India, online platforms and multi-brand outlets. The company, founded in 1996 with headquarters in Noida, India, maintains an integrated footwear manufacturing unit and exports to 17 countries across six continents, with strong footholds in the UK, US, Australia, Turkiye, UAE, France, Germany, West Asia and South Africa. In 2023, Redtape Limited demerged from Mirza International Limited via a scheme of arrangement approved by the National Company Law Tribunal; it partnered with EasyEcom in 2024 to enhance e-commerce efficiency, scalability and warehouse management; and as of November 2025, operates 513 stores with 19 online multi-party warehouses while declaring a final dividend of 100% and interim dividend of 12.50% for FY2024-25.