Redtape Limited

NSE: REDTAPE · Footwear

52W Range₹108 ₹163

Snapshot

Unlock Redtape Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Redtape Limited is an Indian manufacturer and retailer of footwear, apparel, and accessories for men, women, and children. The company operates through a multi-brand strategy, including RedTape and Bond Street, distributing products via physical retail stores and online channels.

Business Model

The company generates revenue through the design, manufacturing, and sale of lifestyle products across various categories like footwear, topwear, and sportswear. It leverages both direct-to-consumer retail stores and digital e-commerce platforms to reach its customer base.

  • Founded:1996

Growth Outlook

Growth is driven by the expansion of the company's retail footprint and the strengthening of its online presence. The diversification into athleisure and varied apparel categories supports broader market penetration.

Key Risks

  • Intense Market Competition. The footwear and apparel sector in India is highly competitive, with numerous domestic and international brands vying for market share.
  • Supply Chain Volatility. Fluctuations in raw material costs and potential disruptions in the global supply chain can impact production margins.
  • Changing Consumer Preferences. The company faces the risk of failing to adapt to rapidly evolving fashion trends and consumer preferences in the lifestyle segment.
  • Economic Sensitivity. Discretionary spending on footwear and apparel is sensitive to macroeconomic conditions and inflationary pressures affecting consumer purchasing power.

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Key Metrics

REVENUE

₹2,436 Cr

TTM · consolidated

+18.8%YoY

NET PROFIT

₹246 Cr

TTM · consolidated

+38.3%YoY

EPS

₹4.45

TTM · consolidated

-48.0%YoY

RETURN ON EQUITY

27.2%

TTM · consolidated

+4.6 ppYoY

RETURN ON CAPITAL EMPLOYED

32.6%

TTM · consolidated

+6.4 ppYoY

P/E

27.1x

Q1 FY27 · consolidated

27.1 vs 17.5x5Y avg

EV/EBITDA

14.3x

Q1 FY27 · consolidated

14.3 vs 18.0x5Y avg

EBITDA MARGIN

20.2%

TTM · consolidated

+1.5 ppYoY

NET PROFIT MARGIN

9.2%

Q1 FY27 · consolidated

+0.9 ppYoY

DEBT TO EQUITY

0.3%

Q1 FY27 · consolidated

-0.3 ppYoY

Peers · Footwear

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Redtape LimitedREDTAPE
₹6,657 Cr27.0614.2818.8%20.2%27.2%32.6%-10.9%
Bata India Ltd.BATAINDIA
₹8,647 Cr59.1710.911.9%22.3%9.2%11.6%-46.0%
Relaxo Footwears LimitedRELAXO
₹8,582 Cr46.2819.892.1%15.6%8.6%11.5%-30.8%
Campus Activewear Ltd.CAMPUS
₹6,823 Cr44.2921.2913.7%17.7%18.5%22.3%-16.3%
SreeleathersSREEL
₹615 Cr18.7413.4416.7%17.5%6.8%8.9%+11.3%
Liberty ShoesLIBERTSHOE
₹397 Cr46.287.626.5%8.4%3.7%8.2%-31.4%

As of Q1 FY27

Financials