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Redtape Ltd (REDTAPE)

₹744.13.57%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹720
    ₹782.55
  • 52 Week's Low

    52 Week's High

    ₹411.05
    ₹804.85
1 Month Return+ 1.68 %
3 Month Return+ 26.27 %
1 Year Return+ 50.67 %
Previous Close₹771.65
Open₹779.35
Volume1.66L
Upper Circuit-
Lower Circuit-
Market Cap₹10,664.35Cr

Company Information

Redtape Limited was incorporated on December 8 2021 as a wholly owned subsidiary of Mirza International Limited. Prior to the Scheme the Company was engaged in design development manufacturing marketing trading export and retailing of leather footwear sports shoes garments amp apparels leather goods and accessories and other related activities.The Composite Scheme of Arrangement of RTS Fashions Private Limited Mirza International Limited the Company and their respective shareholders and creditors which interalia provided for a Amalgamation of RTS Fashions Private Limited with Mirza International Limited and b Demerger of Branded Business/ Redtape Business of Mirza International Limited into the Company on a going concern basis. The said Scheme was sanctioned and thereafter the Branded Business/ Redtape Business of Mirza International Ltd got demerged into the Company w.e.f February 25 2023. On implementation of the Scheme of Arrangement for Demerger of the Redtape Business from MIL Equity Shares were allotted in the ratio of 1:1 to all the shareholders of MIL. Accordingly the Equity Shares of the Company got listed on August 11 2023..

Share Price: ₹744.10 per share as on 14 Jun, 2024 04:01 PM
Market Capitalisation: ₹10,664.35Cr as of today
Revenue: ₹506.86Cr as on March 2024 (Q1 24)
Net Profit: ₹40.96Cr as on March 2024 (Q1 24)
Listing date: 11 Aug, 2023
Chairperson Name: Rashid Ahmed Mirza
OrganisationRedtape Ltd
Headquarters
IndustryRetail
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Key events for Redtape Ltd

  • Redtape CEO's 58% Stake Implies Strong Insider Control - 06 Jun, 2024

    Redtape Limited's CEO, Shuja Mirza, owns a significant 58% stake in the company, indicating strong insider control and vested interests in growth. The stock gained 7.5%, with insiders scoring highest last week as the market cap hit ₹107b.

  • Redtape Ltd Reports Strong Financial Results for March 2024 - 04 Jun, 2024

    Redtape Ltd's net sales for March 2024 increased by 33.59% YoY, with a quarterly net profit of Rs. 38.54 crore, up 17.16% from the previous year. The company's EPS has also increased to Rs. 2.79 in March 2024. Redtape shares closed at 716.85 on June 03, 2024 (NSE) and have given 46.63% returns over the last 6 months.

Insights on Redtape Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 6.30% to 7.15% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, REDTAPE stock has moved up by 21.9%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 27.74 Cr → 60.82 Cr (in ₹), with an average increase of 54.4% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.19% to 2.71% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 327.11 Cr → 621.21 Cr (in ₹), with an average increase of 47.3% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 71.76% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 19.57% to 18.19% in Dec 2023 quarter

Redtape Ltd Valuation

Redtape Ltd in the last 5 years

  • Overview

  • Trends

Lowest (36.09x)

September 7, 2023

Industry (-433.13x)

June 14, 2024

Today (58.36x)

June 14, 2024

Highest (61.27x)

June 12, 2024

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option1.39%
ICICI Prudential Flexicap Fund Direct GrowthICICI Prudential Flexicap Fund Direct Growth2.69%
ICICI Prudential Bharat Consumption Fund Direct CumulativeICICI Prudential Bharat Consumption Fund Direct Cumulative0.96%
HSBC Consumption Fund Direct GrowthHSBC Consumption Fund Direct Growth1.06%
Motilal Oswal Nifty Microcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Microcap 250 Index Fund Direct Growth0.46%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
71.76%
0.00
Foreign Institutions
3.07%
0.00
Mutual Funds
7.79%
0.00
Retail Investors
17.27%
0.00
Others
0.11%
0.00

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Redtape Ltd (REDTAPE) share price today is ₹744.1

Redtape Ltd is listed on NSE

Redtape Ltd is listed on BSE

  • Today’s highest price of Redtape Ltd is ₹782.55.
  • Today’s lowest price of Redtape Ltd is ₹720.

PE Ratio of Redtape Ltd is 58.36

PE ratio = Redtape Ltd Market price per share / Redtape Ltd Earnings per share

Today’s traded volume of Redtape Ltd(REDTAPE) is 1.66L.

Today’s market capitalisation of Redtape Ltd(REDTAPE) is ₹10664.35Cr.

Redtape Ltd(REDTAPEPrice
52 Week High
₹804.85
52 Week Low
₹411.05

Redtape Ltd(REDTAPE) share price is ₹744.1. It is down -7.55% from its 52 Week High price of ₹804.85

Redtape Ltd(REDTAPE) share price is ₹744.1. It is up 81.02% from its 52 Week Low price of ₹411.05

Redtape Ltd(REDTAPEReturns
1 Day Returns
-27.55%
1 Month Returns
1.68%
3 Month Returns
26.27%
1 Year Returns
50.67%