REDTAPE

Redtape Limited

Branded footwear and lifestyle apparel retailer

Consumer Discretionary›Consumer Durables›Consumer Durables›Footwear

redtape.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹114.15
Market cap
6,310 Cr
Stock P/E
25.6
P/B
6.20
Dividend yield
0.2%
ROE (FY26)
23.6%
ROCE (FY26)
27.9%
Operating margin (FY26)
10.7%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
50.1%
OCF / EBITDA (3Y)
26.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Redtape sells branded footwear, apparel and accessories to Indian consumers under the RedTape brand, through a network of 702 stores (June 2026), most of them run by franchisees, and through online marketplaces.

Company snapshot

4thBy market cap

Ranked among 9 companies in Footwear.

Segment mix

Reportable segments as of 2023-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 55.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Footwear-Domestic&Export Sale under brand-Redtape&Bondstreet
55.9%
747 Cr113 Cr—
Garment & Accessories (Under Brand Redtape)
43.6%
583 Cr88 Cr—
Unallocated
1.1%
15 Cr7 Cr—

What we see

Positives
  • ✓Return on equity of 23.6% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Only 26% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales325 Cr618 Cr507 Cr442 Cr416 Cr665 Cr506 Cr464 Cr492 Cr787 Cr676 Cr481 Cr
Operating expenses (approx.)267 Cr513 Cr432 Cr373 Cr352 Cr536 Cr425 Cr387 Cr420 Cr616 Cr564 Cr398 Cr
EBITDA58 Cr105 Cr75 Cr69 Cr64 Cr129 Cr81 Cr77 Cr73 Cr171 Cr111 Cr84 Cr
OPM %17.8%17.0%14.7%15.5%15.4%19.4%16.1%16.6%14.8%21.7%16.5%17.4%
Other income2 Cr4 Cr5 Cr2 Cr3 Cr5 Cr14 Cr9 Cr10 Cr7 Cr22 Cr15 Cr
Interest9 Cr10 Cr10 Cr10 Cr12 Cr13 Cr16 Cr16 Cr19 Cr18 Cr15 Cr15 Cr
Depreciation15 Cr16 Cr15 Cr19 Cr21 Cr22 Cr22 Cr21 Cr22 Cr23 Cr22 Cr24 Cr
Profit before tax36 Cr82 Cr54 Cr42 Cr35 Cr99 Cr57 Cr49 Cr42 Cr137 Cr96 Cr60 Cr
Tax %22.5%25.8%24.5%26.3%28.2%26.2%28.3%20.8%34.1%23.9%27.5%26.4%
Net profit28 Cr61 Cr41 Cr31 Cr25 Cr73 Cr41 Cr39 Cr28 Cr105 Cr70 Cr44 Cr
EPS (₹)₹2.01₹4.40₹2.96₹2.22₹1.81₹5.29₹0.75₹0.70₹0.50₹1.89₹1.26₹0.80

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2024Mar 2025Mar 2026TTM
Sales1,843 Cr2,021 Cr2,419 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,528 Cr1,686 Cr2,071 CrSign in free for the trailing twelve months
EBITDA315 Cr335 Cr347 CrSign in free for the trailing twelve months
OPM %17.1%16.6%14.4%Sign in free for the trailing twelve months
Other income13 Cr32 Cr133 CrSign in free for the trailing twelve months
Interest33 Cr51 Cr68 CrSign in free for the trailing twelve months
Depreciation59 Cr83 Cr88 CrSign in free for the trailing twelve months
Profit before tax236 Cr233 Cr324 CrSign in free for the trailing twelve months
Tax %25.4%27.0%25.8%Sign in free for the trailing twelve months
Net profit176 Cr170 Cr241 CrSign in free for the trailing twelve months
EPS (₹)₹12.75₹3.08₹4.35Sign in free for the trailing twelve months
Dividend payout %0.0%16.2%5.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2024Mar 2025Mar 2026
Equity capital28 Cr111 Cr111 Cr
Reserves621 Cr678 Cr911 Cr
Borrowings161 Cr366 Cr386 Cr
Other liabilities779 Cr1,069 Cr899 Cr
Total liabilities1,588 Cr2,224 Cr2,306 Cr
Fixed assets (net)345 Cr381 Cr446 Cr
CWIP9 Cr46 Cr25 Cr
Investments0 Cr0 Cr0 Cr
Inventories764 Cr1,221 Cr1,152 Cr
Trade receivables91 Cr112 Cr210 Cr
Cash & bank21 Cr14 Cr9 Cr
Other assets358 Cr450 Cr463 Cr
Total assets1,588 Cr2,224 Cr2,306 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2024Mar 2025Mar 2026
Cash from operating activity84 Cr4 Cr174 Cr
Cash from investing-116 Cr-109 Cr-84 Cr
Cash from financing26 Cr99 Cr-94 Cr
Net cash flow-5 Cr-7 Cr-5 Cr
Free cash flow (OCF − Capex)-35 Cr-167 Cr90 Cr

Ratios

MetricMar 2024Mar 2025Mar 2026
ROCE %33.2%24.6%27.9%
ROE %27.2%21.6%23.6%
Debtor days182032
Inventory days477769108111
Days payable172628542569
Cash conversion cycle306940765574
OCF / EBITDA %26.8%1.3%50.1%
OCF / EBITDA % (3 years)——26.3%
Debt / equity0.250.460.38
Current ratio1.481.331.57
Net debt / EBITDA0.441.051.08