Redtape Limited (IN:REDTAPE)
:REDTAPE
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Redtape Limited
(REDTAPE)
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Rating:61Neutral
Price Target:
₹141.00
▲(18.04% Upside)
Action:Upgraded
Date:01/29/26
The score is primarily supported by strong income-statement performance (growth and operational margins), but it is held back by cash flow weakness and increasing leverage risk. Technicals are mixed with a softer longer-term trend, and valuation is less compelling due to the higher P/E and low dividend yield.
Positive Factors
Revenue Growth Trend
Consistent double-digit revenue growth and a reported year-over-year increase indicate durable demand and expanding market penetration. Over 2-6 months this supports scale benefits, better fixed-cost absorption and provides a foundation for sustainable top-line-driven margin resilience.
Negative Factors
Negative Operating Cash Flow
A recent switch to negative operating cash flow indicates working-capital strain or weaker cash conversion of earnings. Persisting negative OCF threatens liquidity, forces reliance on external financing, and can limit the company's ability to fund operations and strategic initiatives sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Consistent double-digit revenue growth and a reported year-over-year increase indicate durable demand and expanding market penetration. Over 2-6 months this supports scale benefits, better fixed-cost absorption and provides a foundation for sustainable top-line-driven margin resilience.
Read all positive factors
Redtape Limited (REDTAPE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹74.10B
Dividend Yield0.6%
Average Volume (3M)93.48K
Price to Earnings (P/E)16.4
Beta (1Y)0.73
Revenue Growth10.81%
EPS Growth24.98%
CountryIN
Employees867
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)3.27
Shares Outstanding552,807,600
10 Day Avg. Volume49,169
30 Day Avg. Volume93,481
Financial Highlights & Ratios
PEG Ratio-13.73
Price to Book (P/B)10.22
Price to Sales (P/S)3.99
P/FCF Ratio-45.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Redtape Limited Business Overview & Revenue Model
Company Description
Redtape Limited manufactures and sells footwear and clothing for men, women, and kids in India and internationally. It offers footwear, such as sandals, slippers, casuals, shoes, sports shoes, boots, sliders, and flip flops; topwear, including T-s...
How the Company Makes Money
Redtape Limited generates revenue through multiple streams, primarily by offering subscription-based software services and consulting fees. Their key revenue model includes licensing fees for proprietary software solutions, which are designed to i...
Redtape Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.27B | 20.20B | 18.43B | 14.68B | 3.03B |
| Gross Profit | 8.53B | 7.37B | 8.94B | 6.72B | 1.35B |
| EBITDA | 3.98B | 3.67B | 3.28B | 2.48B | 472.20M |
| Net Income | 1.81B | 1.70B | 1.76B | 1.42B | 290.40M |
Balance Sheet | |||||
| Total Assets | 22.91B | 22.24B | 15.88B | 12.39B | 63.20K |
| Cash, Cash Equivalents and Short-Term Investments | 288.60M | 145.70M | 210.40M | 261.80M | 142.60M |
| Total Debt | 9.29B | 7.24B | 4.80B | 2.60B | 285.00M |
| Total Liabilities | 14.33B | 14.35B | 9.40B | 7.62B | 5.00K |
| Stockholders Equity | 8.57B | 7.89B | 6.48B | 4.77B | 3.36B |
Cash Flow | |||||
| Free Cash Flow | -1.68B | -1.79B | -351.40M | -189.00M | -1.48B |
| Operating Cash Flow | -1.24B | -76.10M | 843.70M | 1.27B | -36.80K |
| Investing Cash Flow | -592.60M | -1.07B | -1.16B | -1.27B | -1.48B |
| Financing Cash Flow | 1.82B | 1.20B | 261.00M | 124.30M | -132.30M |
Redtape Limited Technical Analysis
Positive
119.45
Price Trends
123.12
Positive
122.96
Positive
128.09
Positive
Market Momentum
2.02
Positive
58.11
Neutral
54.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:REDTAPE, the sentiment is Positive. The current price of 119.45 is below the 20-day moving average (MA) of 130.55, below the 50-day MA of 123.12, and below the 200-day MA of 128.09, indicating a bullish trend. The MACD of 2.02 indicates Positive momentum. The RSI at 58.11 is Neutral, neither overbought nor oversold. The STOCH value of 54.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:REDTAPE.
Redtape Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹74.10B | 16.39 | ― | 0.60% | 10.81% | 24.98% | |
59 Neutral | ₹72.36B | 31.42 | ― | 0.39% | 11.37% | 23.68% | |
56 Neutral | ₹88.45B | 45.84 | ― | 0.95% | -0.64% | -48.93% | |
55 Neutral | ₹73.31B | 94.83 | ― | 0.75% | -6.88% | -4.38% | |
48 Neutral | ₹82.08B | -15.34 | ― | ― | -37.56% | -57.88% | |
41 Neutral | ₹43.03B | -8.33 | ― | ― | -14.70% | -391.15% |
* Consumer Defensive Sector Average
IN:REDTAPE
Redtape Limited
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-17.11
-11.43%
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Redtape Limited Corporate Events
Redtape Confirms SEBI LODR Compliance for December Quarter
Jan 12, 2026
Redtape Limited has notified the stock exchanges that it remains in compliance with Regulations 6(1) and 7(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 31 December 2025. The company conf...
Redtape Limited Closes Trading Window Ahead of December Quarter Results
Dec 26, 2025
Redtape Limited has notified the stock exchanges that it is closing its trading window for company securities for all designated persons, including promoters, directors, key managerial personnel, designated employees and connected persons, from 1 ...
Redtape to Close Trading Window Ahead of December Quarter Results
Dec 26, 2025
Redtape Limited has announced that its trading window for dealing in the company’s shares will be closed for designated persons, including promoters, directors, key managerial personnel, designated employees and connected persons, from 1 Jan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.