Redtape (REDTAPE) share price, P/E, ROE & financials

On 6 Nov 2026, Redtape was priced at ₹106.57, or 23.2× trailing earnings, against an industry P/E of 35.5×, and the shares are 33% below their 52-week high. Sales and net profit grew 18% and 19% a year over 3 years, with ROCE of 29% and ROE of 28%. Debt is 0.84× equity, and its dividend yield is 1.9%. It is a small-cap company with a market cap of ₹5,891 Cr, ranked 5th of 27 Footwear & Accessories companies by market cap; the shares fell 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹107.50
Day high: ₹107.50
Day low: ₹104.86
Prev. close: ₹107.55
Volume: 1.8 L

Health check

4 good · 1 fair · 1 to check

ReturnsAhead
−21.5% over a year, better than 5 of 7 peers.
Price tagCheaper
P/E 23.2 vs industry 35.5.
GrowthStrong
Sales +18.3%, profit +19.2% a year over 3 years.
ProfitabilityStrong
ROCE 29.5% vs peer median 12.4%.
Balance sheetFair
Debt 0.84× equity, interest covered 5.7×, Piotroski 7 of 9.
Red flags2 to check
Quarterly sales down 3.6% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Footwear & Accessories

26 listed peers. Screen the industry

Small cap

₹5,891 Cr, #5 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,474 Cr · profit ₹254 Cr

Market cap: ₹5,891 Cr; Small cap
P/E: 23.2; Industry 35.5
Price to book: 6.00; Peers 5.14
Dividend yield: 1.88%
ROE: 27.6%; Peers 8.4%
ROCE: 29.5%; Peers 12.4%
Debt to equity: 0.84; Debt ₹830 Cr
EPS (TTM): ₹4.59; Face value ₹2
OPM (TTM): 18.2%; Net margin 10.3%
Sales growth: −3.6%; Latest quarter vs a year ago
Profit growth: +26.8%; Latest quarter vs a year ago
Price to sales: 2.38; EV/EBITDA 15.8

Strengths

Return on equity of 27.6%.
Return on capital employed of 29.5%.
Quarterly profit up 26.8% on a year ago.
P/E of 23.2 against an industry P/E of 35.5.
Positive operating cash flow in each of the last 4 years.

Risks to check

Quarterly sales down 3.6% on a year ago.
33% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Redtape

REDTAPE Limited engages in the retail sale of footwear, garments, accessories and allied products in India and internationally. It provides footwear, such as boots, casual and formal shoes, sandals, sliders/flip flops, and sports shoes; topwear, including jackets, shirts, sweaters, sweat shirts/hoodies, and T-shirts; bottomwear, such as jeans, trousers, shorts, jeggings, and pants; and sportswear comprising active T-shirts, trackpants/joggers, and shorts,…

Headquarters: Noida
Employees: 660
Sector: Consumer Cyclical
ISIN: INE0LXT01019
Website: redtape.com

Price range

52 weeks

₹101.00₹158.99

Today

₹104.86₹107.50

Avg volume (3M): 9.6 L
1-year return: minus 21.5%
From 52-week high: minus 33.0%

Peers · Footwear & Accessories

Compare with peers Screen the whole industry

Company
BATAINDIABata India	638.05	plus 0.06%	8,201	54.5	6.61	11.2%	10.9%	19.7%	0.6%	−25.4%	5.33%	minus 40.2%
RELAXORelaxo Footwears	292.10	plus 0.21%	7,271	39.2	3.29	–	8.4%	9.6%	−0.9%	5.1%	1.20%	minus 32.7%
SAFARISafari Industries (India)	1,254.40	plus 0.39%	6,146	39.7	5.14	18.6%	16.2%	9.6%	19.1%	10.3%	0.32%	minus 40.6%
CAMPUSCampus Activewear	197.99	minus 1.03%	6,052	39.3	6.67	20.7%	18.1%	45.0%	6.1%	8.6%	0.76%	minus 27.5%
REDTAPERedtape	106.57	minus 0.91%	5,891	23.2	6.00	29.5%	26.6%	15.1%	18.3%	19.2%	1.88%	minus 21.5%
VIPINDVIP Industries	239.55	minus 4.31%	3,403	–	16.30	−50.6%	−74.6%	−14.7%	−3.8%	–	0.00%	minus 38.4%
BILBhartiya International	1,071.00	minus 2.74%	1,436	55.8	2.91	12.4%	2.9%	8.9%	18.9%	−40.1%	0.00%	plus 29.5%
SREELSreeleathers	272.70	plus 1.28%	631	19.0	1.27	–	6.7%	14.9%	–	–	0.73%	plus 19.3%
Median of 7 peers	–	0.06%	6,052	39.5	5.14	12.4%	8.4%	9.6%	3.4%	5.1%	0.73%	−32.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
492	787	676	481	475
446	616	564	398	400
46.3	171	111	83.5	74.8
9.4%	21.7%	16.5%	17.4%	15.8%
36.1	7.4	22.3	15.1	14.2
18.8	18	15	14.5	15.9
21.8	22.6	22.5	23.7	25.7
41.8	137	96.3	60.4	47.3
34.1%	23.9%	27.5%	26.4%	26.1%
27.5	105	69.9	44.5	34.9
0.50	1.89	1.26	0.80	0.63

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +18.3%
Profit CAGR 3Y: +19.2%
EPS CAGR 3Y: +19.1%
ROE: 27.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,459	1,832	2,018	2,416
–	+25.6%	+10.2%	+19.7%
1,214	1,508	1,798	2,056
244	324	220	361
16.8%	17.7%	10.9%	14.9%
2.2	6.3	128	116
14.5	32.5	51.2	69.5
44.4	59.2	83.4	87.9
1.3	−2.7	19.4	5
189	236	233	324
24.8%	25.4%	27.0%	25.8%
142	176	170	241
–	+24.0%	minus 3.5%	+41.5%
2.57	3.19	3.08	4.35

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
27.6	27.6	111	111
449	621	678	911
260	480	724	720
502	460	712	564
1,239	1,588	2,224	2,306
438	665	755	767
69.6	18.2	47.6	25.3
0.6	9.5	10.6	12.1
25.2	21	13.7	9
706	875	1,397	1,493
1,239	1,588	2,224	2,306

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
127	84.4	4.3	174
−127	−116	−109	−84.4
12.4	26.1	98.6	−94
11.9	−5.1	−6.3	−4.4
−146	−120	−113	−85.9
−18.9	−35.1	−109	88.1
–	–	−27.6	−13.8

Shareholding pattern

Source: NSE filings

71.8%

promoters

Promoters71.83%
Public28.17%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	71.83%	28.17%	0.00
30 Jun 2026	71.83%	28.17%	0.00
31 Mar 2026	71.83%	28.17%	plus 0.04
31 Dec 2025	71.79%	28.21%	minus 0.01
30 Sep 2025	71.80%	28.20%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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