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Redtape Ltd

(REDTAPE)

₹806.80.14%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Redtape Ltd Performance

  • Day's Low

    Day's High

    ₹791.9
    ₹824.95
  • 52 Week's Low

    52 Week's High

    ₹437.05
    ₹980
1 Month Return-15.72 %
3 Month Return+ 16.98 %
1 Year Return+ 65.19 %
Previous Close₹807.95
Open₹816.80
Volume52.76K
Upper Circuit-
Lower Circuit-
Market Cap₹11,166.02Cr

Redtape Ltd Key Statistics

P/E Ratio70.94
PEG Ratio-197.04
Market Cap₹11,166.02 Cr
P/B Ratio14.37
EPS12.75
Dividend Yield0
SectorRetail
ROE30.92

Redtape Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹11,166.02 Cr12.72%0.72₹176 Cr₹1,842 Cr
BUY₹6,179.05 Cr-2.59%0.50₹19 Cr₹489 Cr
NA₹626.67 Cr111.12%0.50NANA
NA₹422.94 Cr124.76%0.86₹4 Cr₹541 Cr
NA₹6.54 Cr121%0.54NANA

About Redtape Ltd

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 amp apparels leather goods and accessories and other related activities.The Composite Scheme of Arrangement of RTS Fashions Private Limited Mirza International Limited the Company and their respective shareholders and creditors which interalia provided for a Amalgamation of RTS Fashions Private Limited with Mirza International Limited and b Demerger of Branded Business/ Redtape Business of Mirza International Limited into the Company on a going concern basis. The said Scheme was sanctioned and thereafter the Branded Business/ Redtape Business of Mirza International Ltd got demerged into the Company w.e.f February 25 2023. On implementation of the Scheme of Arrangement for Demerger of the Redtape Business from MIL Equity Shares were allotted in the ratio of 1:1 to all the shareholders of MIL. Accordingly the Equity Shares of the Company got listed on August 11 2023..

Share Price: ₹806.80 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹11,166.02Cr as of today
Revenue: ₹415.80Cr as on September 2024 (Q3 24)
Net Profit: ₹25.07Cr as on September 2024 (Q3 24)
Listing date: 11 Aug, 2023
Chairperson Name: Rashid Ahmed Mirza
OrganisationRedtape Ltd
Headquarters
IndustryRetail
E-voting on sharesClick here to vote

Key events for Redtape Ltd

  • Redtape Reports Strong Sales Growth in Q3 2024 - 14 Nov, 2024

    Redtape's standalone net sales for September 2024 reached Rs 415.78 crore, a 29.35% increase year-on-year. Quarterly net profit slightly rose to Rs 25.68 crore, while EBITDA grew by 18.86%. Despite a stable EPS of Rs 1.86, shares have shown significant returns of 25.82% over six months and 95.82% over twelve months.

  • Redtape Reports Q2 Decline in Profit - 13 Nov, 2024

    Redtape's consolidated net profit for Q2 FY25 declined 9.63% YoY to Rs 25.07 crore, despite a 28.05% increase in revenue. The stock fell 1.07% following the announcement.

Insights on Redtape Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 3.14% to 3.26% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 8.81% to 10.18% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 71.79% to 71.80% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, REDTAPE stock has moved down by -15.7%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 4 quarters, 60.82 Cr → 25.07 Cr (in ₹), with an average decrease of 25.3% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 4 quarters, 621.21 Cr → 419.16 Cr (in ₹), with an average decrease of 12.2% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 16.15% to 14.70% in Sep 2024 quarter

Redtape Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹324.71Cr (-)₹617.57Cr (↑90.19%)₹508.77Cr (↓17.62%)₹441.89Cr (↓13.15%)₹415.80Cr (↓5.90%)
Net Income₹27.74Cr (-)₹60.82Cr (↑119.25%)₹40.96Cr (↓32.65%)₹30.64Cr (↓25.20%)₹25.07Cr (↓18.18%)
Net Profit Margin8.54% (-)9.85% (↑15.34%)8.05% (↓18.27%)6.93% (↓13.91%)6.03% (↓12.99%)
Value in ₹ crore
Details202220232024
Total Assets₹818.50Cr (-)₹1,270.71Cr (↑55.25%)₹1,651.19Cr (↑29.94%)
Total Liabilities₹486.22Cr (-)₹804.60Cr (↑65.48%)₹1,019.02Cr (↑26.65%)
Value in ₹ crore
Details202220232024
Operating Cash Flow₹17.39Cr (-)₹110.68Cr (↑536.46%)₹81.57Cr (↓26.30%)

Index Inclusions

BSE Small-Cap

₹52,141.15

-0.67 (-349.79%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Redtape Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
71.8%
0.02
Foreign Institutions
3.26%
3.99
Mutual Funds
10.18%
15.51
Retail Investors
14.7%
-8.94
Others
0.05%
-53.16

Redtape Ltd Key Indicators

Details20232024
Return On Equity %34.0930.92
Details20232024
Return On Assets %11.1910.67
Details2024
Book Value Per Share (₹)46.92
Details2024
Earning Per Share (₹)12.75

Redtape Ltd Valuation

Redtape Ltd in the last 5 years

  • Overview

  • Trends

Lowest (36.09x)

September 7, 2023

Industry (-287.71x)

November 19, 2024

Today (70.94x)

November 19, 2024

Highest (84.93x)

October 31, 2024

LowHigh

Redtape Ltd Earnings and Dividends

  • Redtape Ltd Earnings Results

    Redtape Ltd’s net profit fell -9.63% since last year same period to ₹25.07Cr in the Q2 2024-2025. On a quarterly growth basis, Redtape Ltd has generated -18.18% fall in its net profits since last 3-months.

    Read More about Earnings Results

Redtape Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Redtape Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Redtape Ltd (REDTAPE) share price today is ₹806.8

Redtape Ltd is listed on NSE

Redtape Ltd is listed on BSE

  • Today’s highest price of Redtape Ltd is ₹824.95.
  • Today’s lowest price of Redtape Ltd is ₹791.9.

PE Ratio of Redtape Ltd is 70.94

PE ratio = Redtape Ltd Market price per share / Redtape Ltd Earnings per share

Today’s traded volume of Redtape Ltd(REDTAPE) is 52.76K.

Today’s market capitalisation of Redtape Ltd(REDTAPE) is ₹11166.02Cr.

Redtape Ltd(REDTAPEPrice
52 Week High
₹980
52 Week Low
₹437.05

Redtape Ltd(REDTAPE) share price is ₹806.8. It is down -17.67% from its 52 Week High price of ₹980

Redtape Ltd(REDTAPE) share price is ₹806.8. It is up 84.60% from its 52 Week Low price of ₹437.05

Redtape Ltd(REDTAPEReturns
1 Day Returns
-1.15%
1 Month Returns
-15.72%
3 Month Returns
16.98%
1 Year Returns
65.19%