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Redtape

₹705.4 -6.6 | 0.9%

Market Cap ₹9749 Cr.

Stock P/E 51.7

P/B 15.8

Current Price ₹705.4

Book Value ₹ 44.5

Face Value 2

52W High ₹745.4

Dividend Yield 0%

52W Low ₹ 410.6

Redtape Research see more...

Overview Inc. Year: 2021Industry: Retailing

Redtape Ltd is a prominent player in the retailing industry, recognized for its exceptional offerings and customer-centric approach. Specializing in men's and women's fashion, the company boasts a diverse range of high-quality clothing, footwear, and accessories that effortlessly blend style with comfort. Redtape Ltd has carved a niche for itself by consistently delivering on-trend and timeless products, catering to a wide demographic of fashion-conscious consumers. With a reputation for impeccable service and a commitment to staying ahead of market trends, Redtape Ltd continues to be a preferred destination for individuals seeking the perfect blend of modern fashion and enduring elegance.

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Redtape Share Price

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Peer Comparison

Redtape Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 306 306 478 394 325 618
Other Income 2 3 1 2 2 4
Total Income 307 309 479 396 327 621
Total Expenditure 252 262 391 313 267 513
Operating Profit 55 48 88 83 60 108
Interest 4 4 5 6 9 10
Depreciation 11 10 10 12 15 16
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 41 33 73 64 36 82
Provision for Tax 13 7 20 17 8 21
Profit After Tax 28 26 53 47 28 61
Adjustments -0 0 0 0 0 0
Profit After Adjustments 28 26 53 47 28 61
Adjusted Earnings Per Share 2 1.9 3.9 3.4 2 4.4

Redtape Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 TTM
Net Sales 303 1468 1815
Other Income 0 7 9
Total Income 303 1475 1823
Total Expenditure 256 1224 1484
Operating Profit 47 251 339
Interest 4 17 30
Depreciation 2 44 53
Exceptional Income / Expenses 0 0 0
Profit Before Tax 41 189 255
Provision for Tax 12 47 66
Profit After Tax 29 142 189
Adjustments 0 0 0
Profit After Adjustments 29 142 189
Adjusted Earnings Per Share 5808 10.3 13.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 384% 0% 0% 0%
Operating Profit CAGR 434% 0% 0% 0%
PAT CAGR 390% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 30% 30% 30% 30%
ROCE Average 37% 37% 37% 37%

Redtape Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023
Shareholder's Funds 336 477
Minority's Interest 0 0
Borrowings 12 31
Other Non-Current Liabilities 237 288
Total Current Liabilities 241 444
Total Liabilities 826 1239
Fixed Assets 304 368
Other Non-Current Assets 34 87
Total Current Assets 487 783
Total Assets 826 1239

Redtape Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 36 14
Cash Flow from Operating Activities 44 124
Cash Flow from Investing Activities -49 -147
Cash Flow from Financing Activities -17 35
Net Cash Inflow / Outflow -22 12
Closing Cash & Cash Equivalent 14 26

Redtape Ratios

# Mar 2022 Mar 2023
Earnings Per Share (Rs) 0 10.29
CEPS(Rs) 0 13.5
DPS(Rs) 0 0
Book NAV/Share(Rs) 0 34.5
Core EBITDA Margin(%) 0 16.64
EBIT Margin(%) 0 14.07
Pre Tax Margin(%) 0 12.88
PAT Margin (%) 0 9.68
Cash Profit Margin (%) 0 12.71
ROA(%) 0 11.48
ROE(%) 0 29.82
ROCE(%) 0 37.05
Receivable days 0 20.91
Inventory Days 0 159.84
Payable days 0 159.66
PER(x) 0 0
Price/Book(x) 0 0
Dividend Yield(%) 0 0
EV/Net Sales(x) 0 0.06
EV/Core EBITDA(x) 0 0.33
Net Sales Growth(%) 0 0
EBIT Growth(%) 0 0
PAT Growth(%) 0 0
EPS Growth(%) 0 0
Debt/Equity(x) 0 0.17
Current Ratio(x) 0 1.77
Quick Ratio(x) 0 0.32
Interest Cover(x) 0 11.83
Total Debt/Mcap(x) 0 0

Redtape Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024
Promoter 71.76 71.76 71.76
FII 2.19 2.71 3.07
DII 6.47 7.33 7.89
Public 19.57 18.19 17.27
Others 0 0 0
Total 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 0 to 159.66days.
  • Stock is trading at 15.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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