REDTAPE · Redtape Ltd · Retail (Apparel)
REDTAPE · Redtape Ltd · Retail (Apparel)
As of 05 Nov close
52-week range
32.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹481 Cr
Revenue YoY
PAT YoY
+15.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
6.6
P/S (TTM)
2.6
Sector P/E
14.2
Dividend yield
+1.7%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| REDTAPE (this stock) | 30.6 | 6.6 | +10.1% | +24.1% | 0.7 | +1.7% |
| Trent | 96.8 | 21.1 | +8.6% | +25.9% | 0.37 | +0.1% |
| Metro Brands | 67.4 | 14 | +13.8% | +20.4% | 0.79 | +0.6% |
| Aditya Birla Lifestyle Brands | 27.5 | 8.2 | +2.0% | Not available from data source | 151.32 | +0.5% |
Promoter
stable
FII
falling 2q
MF
11.73% (+0.73pp)
rising 3q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 13 Mar 2026 | HAYA MIRZA | BUY | 35,000 | ₹40.01 lakh |
| 13 Mar 2026 | FAUZIA MIRZA | BUY | 40,000 | ₹44.68 lakh |
| 04 Mar 2026 | HAYA MIRZA | BUY | 20,000 | ₹23.48 lakh |
| 04 Mar 2026 | FAUZIA MIRZA | BUY | 40,000 | ₹45.98 lakh |
| 02 Mar 2026 | HAYA MIRZA | BUY | 61,000 | ₹69.86 lakh |
| 02 Mar 2026 | YUSRA MIRZA | BUY | 22,000 | ₹25.69 lakh |
| 22 Dec 2025 | Mrs. Yasmin Mirza | SELL | 12,44,89,980 | — |
| 22 Dec 2025 | RASHID AHMED MIRZA | BUY | 12,44,89,980 | — |
| 28 Nov 2025 | TAUSEEF AHMAD MIRZA | SELL | 18,000 | ₹23.3 lakh |
| 27 Nov 2025 | TAUSEEF AHMAD MIRZA | SELL | 33,000 | ₹44.03 lakh |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: During the Q1 FY27 earnings conference call, management reported that the quarter was mixed for discretionary consumption, with initial softness in demand improving as the quarter progressed. RedTape's profit after tax grew 19.4% year-on-year to INR 47 crores, marking the highest Q1 profit in absolute terms. Standalone revenue increased by 3.7% year-on-year to INR 480 crores, reflecting resilience despite cost pressures. Management emphasized a disciplined approach to e-commerce, avoiding excessive discounting to protect brand integrity and margins. The company opened 33 new stores in the quarter and aims to open 150 by the end of FY27. Management also highlighted the acquisition of the sportswear brand Sprandi, set to launch in India by September. Overall, the focus remains on sustainable growth, operational efficiency, and maintaining consumer value.
Management highlighted both challenges and achievements during the quarter.
Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from RedTape Limited, dated August 10, 2026, provided an overview of the company's performance for the first quarter of FY27, reporting a revenue of ₹480 crore, which represented a 3.7% year-on-year growth. The presentation highlighted that the company's gross margin improved to 47.5%, and the EBITDA margin reached 20.4%. Management noted that the core India retail business remained resilient despite initial demand volatility, with improved demand trends as the quarter progressed. The presentation also discussed the strategic acquisition of the Sprandi brand to enhance its sports and athleisure portfolio. Management emphasized a disciplined approach to e-commerce, avoiding excessive discounting to maintain brand integrity. The document outlined the company's multi-channel distribution strategy and its focus on operational efficiency and sustainable growth.
The presentation conveyed a balanced view of the company's performance and strategic initiatives without strong emphasis on growth or challenges.
Sourced from an exchange-filed presentation, dated 10 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: RedTape Limited held its Q4 and FY26 earnings conference call on May 26, 2026, where management reflected on the year, noting challenges such as input cost uncertainties and consumer hesitation due to GST transitions. Despite these challenges, management reported a strong performance, with Q4 same-store sales growth (SSSG) at 17.8% and full-year revenue of INR 2,415 crores, a 19.6% increase from FY25. Footwear remained the primary revenue driver, contributing 63% of total revenue. Management highlighted the successful introduction of new brands and categories, including Ozark and accessories, which are growing rapidly. The company also reported improved EBITDA margins, rising from 17.5% in FY25 to 19% in FY26. Management emphasized the importance of maintaining inventory levels and reducing days of inventory to enhance cash flow. The call concluded with management expressing confidence in the brand's growth potential in the organized retail market.
Management highlighted strong performance and growth opportunities despite previous challenges.
Sourced from an exchange-filed transcript, dated 02 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: RedTape Limited's investor presentation detailed the company's audited financial results for the fourth quarter and fiscal year ending March 31, 2026. The presentation highlighted a revenue growth of 19.6% year-over-year, reaching ₹2,415 crore, with a PAT of ₹244 crore and a PAT margin of 9.6%. The company reported a gross margin of 43.1%, although it experienced a decline of 251 basis points. The fourth quarter alone saw a revenue increase of 33.8% compared to the same quarter in the previous year. Management noted that the growth was driven by improved sales across all channels and categories, with e-commerce contributing approximately 30% of total revenue. The presentation also outlined the company's strategic focus on expanding its retail footprint, particularly in Tier-2 and Tier-3 cities, and diversifying its product offerings. Management emphasized the importance of brand trust and the company's asset-light model in driving profitability.
Management emphasized strong growth and strategic expansion initiatives.
Sourced from an exchange-filed presentation, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedRedtape Limited (REDTAPE) reported a revenue of ₹202,091 lakh for FY2024-25, a slight increase from ₹184,292 lakh in the previous year. Profit after tax declined to ₹17,000 lakh from ₹17,624 lakh. The company noted no material developments or changes affecting its financial position during the year. A contingent liability of ₹3,481.79 lakh related to income tax disputes remains unresolved, with a rectification application filed. The company maintains robust internal controls and has no defaults under the Insolvency and Bankruptcy Code. Revenue recognition and lease accounting were highlighted as key audit matters.
- Revenue increased to ₹202,091 lakh (FY2024-25) from ₹184,292 lakh (FY2023-24).
- Profit after tax decreased to ₹17,000 lakh (FY2024-25) from ₹17,624 lakh (FY2023-24).
- Contingent liability of ₹3,481.79 lakh related to unresolved income tax disputes remains pending.
- No defaults under the Insolvency and Bankruptcy Code during FY2024-25.
- Key audit matters included revenue recognition and lease accounting.
Key takeaway: Redtape Limited reported stable revenue growth but a decline in profit after tax, with a significant contingent liability related to unresolved income tax disputes remaining a key risk.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (1 item); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
1 occurrenceRecent (last 12 months)
The auditor highlights an emphasis of matter in the audit report regarding searches by income tax authorities at the company's premises and residences of some directors and employees in September 2025, with the impact on financial statements for the year ended March 2026 currently not ascertainable.
Investigation or enforcement mention
1 occurrenceRecent (last 12 months)
A Search and Seizure operation was conducted by the Income Tax Department at the company's premises, including its registered office, from September 11, 2025, to September 16, 2025.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities related to Kerala VAT disputes with amounts of 3.44 lakh as of 31st March 2026 and 4.91 lakh as of 31st March 2025, with the dispute relating to the period 2012-13.
Earlier (1-3 years ago)
The company has contingent liabilities related to statutory dues from the pre-demerger period, including Gujarat VAT, Kerala VAT, Chandigarh VAT, Rajasthan GST, Delhi GST, Karnataka GST, Maharashtra GST, and Chhattisgarh GST, with amounts totaling 3,481.79 lakhs as of 31 March 2025.
The company has contingent liabilities related to claims not acknowledged as debts and letters of credit issued in favour of others as of March 31, 2024.
Related-Party Transaction
2 occurrencesEarlier (1-3 years ago)
Personal guarantees provided by Mr. Shuja Mirza for all Term Loans.
The company has entered into transactions with related parties including Euro Footwear Pvt. Ltd., Gempack Enterprises, Shoemac Leather Tech Engineers Ltd., World Wear Products, Mirza International Ltd., Asian Traders, and RTS Fashion FZE, UAE, with outstanding balances as of the end of the financial year.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has unpaid statutory dues of ₹3.44 lakh, ₹12.86 lakh, ₹18.14 lakh, ₹5.80 lakh, ₹592.94 lakh, ₹2.01 lakh, and ₹50.02 lakh in disputes with authorities including Kerala VAT, Gujarat VAT, Chandigarh VAT, and Delhi GST, relating to periods from F.Y. 2012-13 to F.Y. 2019-20.
Earlier (1-3 years ago)
The company has statutory dues related to pre-demergence period in the name of Mirza International Limited, with disputes pending in various forums including Gujarat VAT, Kerala VAT, and others, amounting to 3,481.79 lakh under the Income Tax Act, 1961.
The company has statutory dues pending in various states including Gujarat VAT, Kerala VAT, Rajasthan GST, Bihar GST, Delhi GST, Chhattisgarh GST, and Assam GST, with amounts ranging from 1.92 to 581.48, related to periods from 2012-13 to 2018-19, and disputes pending in various forums.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mrs. Nandita Singh, Company Secretary and KMP resigned from her office effective 17th July 2023. The Board appointed Mr. Nand Kishore Sharma as Company Secretary and KMP effective 22nd July 2023. Mr. Nand Kishore Sharma subsequently resigned from his office effective 1st September 2023.