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    3. Redtape Share Price

    Redtape Share PriceRedtape

    Mid Cap 3.6k Result
    ₹482.45
    -9.35 (-1.9%)
    As on 04 December, 2023 | 12:28 BSE: 543957 NSE: REDTAPEISIN: INE0LXT01019

    Redtape Performance

    Day Range

    • Low 481.00
    • High 499.90
    ₹ 482.45

    52 Week Range

    • Low 411.05
    • High 575.00
    ₹ 482.45
    • Open Price499.90
    • Previous Close491.80
    • Volume95881

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    Redtape Share Price

    • Over 1 Month -4.38%
    • Over 3 Month 4.68%
    • Over 6 Month 90.8%
    • Over 1 Year 90.8%

    Redtape Key Statistics

    P/E Ratio
    PEG Ratio
    Market Cap Cr 6,668
    Price to Book Ratio 14
    EPS 9.8
    Dividend 0
    Relative Strength Index 50.04
    Money Flow Index 34.63
    MACD Signal -2.44
    Average True Range 23.56

    Redtape Investment Rating

    • Master Rating:

    • Redtape Ltd has an operating revenue of Rs. 2,490.03 Cr. on a trailing 12-month basis. An annual revenue growth of 386% is outstanding, Pre-tax margin of 13% is healthy, ROE of 29% is exceptional. The company has a reasonable debt to equity of 6%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its key moving averages, around 0% and 2% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 14% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 49 which is a POOR score indicating inconsistency in earnings, a RS Rating of 25 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C- which is evident from recent supply seen, Group Rank of 162 indicates it belongs to a poor industry group of Apparel-Shoes & Rel Mfg and a Master Score of C is fair but needs to improve. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Redtape Financials
    IndicatorSep 2023Jun 2023
    Oper Rev Qtr Cr 321392
    Operating Expenses Qtr Cr 267313
    Operating Profit Qtr Cr 5579
    Depreciation Qtr Cr 1512
    Interest Qtr Cr 96
    Tax Qtr Cr 717
    Net Profit Qtr Cr 2646
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,465297
    Operating Expenses Annual Cr 1,222255
    Operating Profit Annual in Cr 23642
    Depreciation Cr 442
    Interest Annual Cr 174
    Tax Annual Cr 4510
    Net Profit Annual Cr 13625
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 13017
    Cash from Investing Activity Annual Cr -136-22
    Cash from Financing Annual Activity Cr 12-24
    Net Cash Flow Annual Cr 7-28
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 466332
    Fixed Assets Annual Cr 439320
    Total Non Current Assets Annual Cr 456338
    Total Current Assets Annual Cr 771480
    Total Assets Annual Cr 1,226819
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 3424
    ROE Annual % 298
    ROCE Annual % 257
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1714
    IndicatorSep 2023Jun 2023
    Oper Rev Qtr Cr 325394
    Operating Expenses Qtr Cr 267313
    Operating Profit Qtr Cr 5881
    Depreciation Qtr Cr 1512
    Interest Qtr Cr 96
    Tax Qtr Cr 817
    Net Profit Qtr Cr 2847
    IndicatorMar 2023Mar 2022
    Total Revenue Annual Cr 1,475303
    Operating Expenses Annual Cr 1,224256
    Operating Profit Annual in Cr 24447
    Depreciation Cr 442
    Interest Annual Cr 174
    Tax Annual Cr 4712
    Net Profit Annual Cr 14229
    IndicatorMar 2023Mar 2022
    Cash from Operating Activity Annual Cr 12444
    Cash from Investing Activity Annual Cr -147-49
    Cash from Financing Annual Activity Cr 35-17
    Net Cash Flow Annual Cr 12-22
    IndicatorMar 2023Mar 2022
    Total ShareHolders Funds Annual Cr 477336
    Fixed Assets Annual Cr 439321
    Total Non Current Assets Annual Cr 455338
    Total Current Assets Annual Cr 783487
    Total Assets Annual Cr 1,239826
    IndicatorMar 2023Mar 2022
    Book Value Per Share Annual Rs 3424
    ROE Annual % 309
    ROCE Annual % 268
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1716
    Invest in Redtape

    Redtape Technicals

    EMA & SMA

    Current Price
    ₹482.45
    -9.35 (-1.9%)
    pointer
    • Bullish Moving Average
    • ___
    • 0
    • Bearish Moving Average
    • ___
    • 11
    • 20 Day
    • ₹491.14
    • 50 Day
    • ₹484.62
    • 100 Day
    • ₹
    • 200 Day
    • ₹
    • 20 Day
    • ₹492.20
    • 50 Day
    • ₹490.30
    • 100 Day
    • ₹
    • 200 Day
    • ₹

    Redtape Resistance and Support

    PIVOT
    ₹488.89
    Resistance
    First Resistance 497.32
    Second Resistance 502.83
    Third Resistance 511.27
    RSI 50.04
    MFI 34.63
    MACD Single Line -2.44
    MACD -1.62
    Support
    First Resistance 483.37
    Second Resistance 474.93
    Third Resistance 469.42

    Redtape Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 241,699 13,668,078 56.55
    Week 415,491 25,502,822 61.38
    1 Month 426,131 20,846,315 48.92
    6 Month 228,098 14,231,045 62.39

    Redtape Result Highlights

    Redtape Synopsis

    NSE-Apparel-Shoes & Rel Mfg

    Redtape L belongs to the Industry of Leather/Synthetic Products. Company’s Total Operating Revenue is Rs. 1458.82 Cr. and Equity Capital is Rs. 27.65 Cr. for the Year ended 31/03/2023. Redtape Ltd. is a Public Limited Listed company incorporated on 08/12/2021 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is U74101UP2021PLC156659 and registration number is 156659.
    Market Cap 6,672
    Sales 2,172
    Shares in Float 3.87
    No of funds 57
    Yield
    Book Value 14.58
    U/D Vol ratio 0.7
    LTDebt / Equity 7
    Alpha -0.14
    Beta 1.75

    Redtape

    Owner NameSep-23Jul-23
    Promoters 71.76%71.76%
    Mutual Funds 6.3%4.06%
    Foreign Portfolio Investors 2.22%1.53%
    Financial Institutions/ Banks
    Individual Investors 14.74%17.53%
    Others 4.98%5.12%

    Redtape Management

    Name Designation
    Mr. Rashid Ahmed Mirza Chairman
    Mr. Shuja Mirza Managing Director
    Mr. Arvind Verma Whole Time Director
    Ms. Sunanda Singh Whole Time Director
    Dr. Yashvir Singh Independent Director
    Mr. Subhash Sapra Independent Director
    Dr. Rajshree Saxena Independent Director
    Mr. Sanjay Bhalla Independent Director

    Redtape Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Redtape Corporate Action

    Date Purpose Remarks
    2023-11-09 Quarterly Results

    Redtape MF Shareholding

    Name Amount(cr)
    HDFC Small Cap Fund Growth 23,184
    ICICI Prudential Flexicap Fund Regular Growth 12,009
    ICICI Prudential Retirement Fund Pure Equity Plan Regular Growth 367

    Redtape FAQs

    What is Share Price of Redtape ?

    Redtape share price is ₹482 As on 04 December, 2023 | 12:14

    What is the Market Cap of Redtape ?

    The Market Cap of Redtape is ₹6667.6 Cr As on 04 December, 2023 | 12:14

    What is the P/E ratio of Redtape ?

    The P/E ratio of Redtape is As on 04 December, 2023 | 12:14

    What is the PB ratio of Redtape ?

    The PB ratio of Redtape is 14 As on 04 December, 2023 | 12:14

    Q2FY23

    More Information

    CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra - 400604

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