REDTAPEConsumer Durables

Redtape Limited

Footwear · ISIN INE0LXT01019 · BSE 543957 · NSE EQ · FV ₹2
Last price
₹119
+1.12%today
What this company does

Redtape Limited operates in Footwear, part of the Consumer Durables sector. It booked ₹481 cr of revenue in its latest quarter (Q1 FY27) and kept 9.2% of sales as profit. It is the 4th largest of 9 Footwear companies we track, by market value.

T he useful lives, residual values and is included in the relevant notes together with method of depreciation of property, information about the basis of calculation for plant and equipment are reviewed at each affected line item in the consolidated each financial year end and adjusted financial statements prospectively.
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Consumer Durables, on the 5 of 6 measures we could read for it. Each measure is ranked against the 30–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet29

How much it owes, and whether earnings cover the interest

Cash quality32

Whether reported profit actually arrives as cash

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 15% vs last year
Promoters hold 72%
No promoter shares pledged
Strong 17% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in REDTAPE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹119 +1.12%
latest close · 2026-09-17
52-wk low ₹11342 sessions so far52-wk high ₹148
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio37.1High
LowAverageHigh
P/B ratio6.42High
Below bookModerateHigh
EV / EBITDA17.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.4%Strong
WeakFairStrong ▸15%
Return on capital22.4%Strong
WeakFairStrong
Net margin9.2%Decent
ThinDecentStrong
EBITDA margin20.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.38Comfortable
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.57Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,559 cr
Book value
₹18
EPS
₹0.80
latest quarter
Net debt
₹377 cr
owes more than its cash
Enterprise value
₹6,936 cr
EBITDA
₹395 cr
annualised
EBIT
₹300 cr
annualised
Operating margin
15.6%
Return on assets
7.7%
Earnings yield
2.70%
P/S
3.41
Sales / share
₹34.8
Tax rate
26.4%
Face value
₹2
Shares
55.3 cr
Working capital
₹548 cr
Current assets
₹1,518 cr
Current liabilities
₹970 cr
Delivery %
45.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹23₹37, midpoint ₹36

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹481 cr
Other Income₹15 cr
Total Income₹496 cr
Cost of Materials₹14 cr
Purchases of Stock-in-Trade₹250 cr
Inventory Change (±)₹-10 cr
Employee Benefit Expense₹32 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹24 cr
Other Expenses₹111 cr
Total Expenses₹436 cr
Profit before Tax₹60 cr
Tax Expense₹16 cr
Net Profit₹44 cr
Net margin on total income9.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹254 cr51.2%
Employee benefit expense₹32 cr6.5%
Finance costs₹15 cr2.9%
Depreciation & amortisation₹24 cr4.8%
Other expenses₹111 cr22.5%
Tax expense₹16 cr3.2%
Profit for the period₹44 cr9.0%
Total income ₹496 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue787 cr676 cr481 cr
Total income794 cr698 cr496 cr
Expenses657 cr601 cr436 cr
Profit before tax137 cr96 cr60 cr
Tax33 cr26 cr16 cr
Net profit (owners' share)105 cr70 cr44 cr
Net margin (owners' share, on revenue)13.3%10.3%9.2%
EPS (₹)1.891.260.80
YoY (latest quarter): total income +4.8% · net profit +15.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,306 cr
Shareholder equity
₹1,021 cr
parent shareholders
Total debt
₹386 cr
Cash
₹9 cr
Cash flow · H1 FY26
Operating
₹-124 cr
Investing
₹-59 cr
Financing
₹182 cr
Peer comparison
Footwear · by market value
CompanyPriceMarket capP/E
Metro Brands Limited₹950₹25,905 cr69.1
Bata India Limited₹637₹8,183 cr32.0
Relaxo Footwears Limited₹314₹7,808 cr35.5
Redtape Limitedthis company₹119₹6,559 cr37.1
Campus Activewear Limited₹212₹6,451 cr56.4
Sreeleathers Limited₹294₹681 cr24.3
Liberty Shoes Limited₹216₹368 cr135.0
Khadim India Limited₹123₹227 cr110.2
KSR Footwear Limited₹44₹81 cr65.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.69%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹2 / share31 Jul 2026
Dividend₹0.25 / share1 Aug 2025
Bonus issue1:34 Feb 2025
Dividend₹2 / share3 Jan 2025
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
3.2%
DII / Domestic
11.7%
Retail / others
13.2%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtFAUZIA MIRZA · Promoter Group40,000 · ₹44.7 L13 Mar 26
BoughtHAYA MIRZA · Promoter Group35,000 · ₹40.0 L13 Mar 26
BoughtFAUZIA MIRZA · Promoter Group40,000 · ₹46.0 L4 Mar 26
Bulk / block deals
short · NSE30415 Sep 26
short · NSE703 Sep 26
short · NSE50012 Feb 26
Stake changes
BoughtICICI Prudential Mutual Fund→ 7.06% · 1.13 cr22 May 26
BoughtRashid Ahmed Mirza · promoter→ 35.81% · 12.45 cr22 Dec 25
SoldYasmin Mirza · promoter→ 0.00% · 12.45 cr22 Dec 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of Auditors and the Board of Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
8.81 cr votes for, 5,583 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Rashid Ahmed Mirza (DIN: 00049009), who retires by rotation and being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 74% of shareholders other than promotersneeded 50%
6.48 cr votes for, 2.33 cr against · 29% of mutual funds and other big investors said no
3
To consider and declare final dividend 100 percent (Rs. 2 per share) for the Financial Year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
8.81 cr votes for, 5,588 against · 0% of mutual funds and other big investors said no
4
To approve ratification of remuneration of Cost Auditor for the Financial Year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
8.81 cr votes for, 5,583 against · 0% of mutual funds and other big investors said no
6
Continuation of Mr. Rashid Ahmed Mirza as Chairman and Whole-time Director of the Company even after attaining the age of 70 years
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 74% of shareholders other than promotersneeded 75%
6.48 cr votes for, 2.33 cr against · 29% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 19 named members
owning 71.8% between them · as of 2026-06-30
RASHID AHMED MIRZA35.81%
SHUJA MIRZA35.79%
TAUSEEF AHMAD MIRZA0.06%
FAUZIA MIRZA0.05%
FIRDAUS AMIN0.04%
HAYA MIRZA0.04%
IRAM MIRZA0.02%
SHAHID AHMAD MIRZA0.02%
Business done with them
FY2025 · 1 of the group
The company paid ₹10 cr to companies in the promoter group last year — about 0.5% of its ₹2,021 cr revenue.
Shuja Mirza
Other payments to them · Managerial Remuneration
also owns 35.79% of the company
₹10 cr
company paid

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.