Redtape Share Price
Start SIP in Redtape
Start SIPRedtape Performance
Day Range
- Low 717
- High 739
52 Week Range
- Low 429
- High 810
- Open Price722
- Previous Close722
- Volume61157
Redtape Investment Rating
-
Master Rating:
-
Redtape Ltd has an operating revenue of Rs. 1,891.03 Cr. on a trailing 12-month basis. An annual revenue growth of 26% is outstanding, Pre-tax margin of 13% is healthy, ROE of 27% is exceptional. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 11% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 10% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 20 which is a POOR score indicating inconsistency in earnings, a RS Rating of 55 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 151 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. Institutional holding has gone up in the last reported quarter is a positive sign. 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
| Indicator | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 441 | 502 | 616 | 321 | 392 | 376 |
| Operating Expenses Qtr Cr | 372 | 431 | 513 | 267 | 313 | 319 |
| Operating Profit Qtr Cr | 68 | 71 | 104 | 55 | 79 | 57 |
| Depreciation Qtr Cr | 19 | 15 | 16 | 15 | 12 | 13 |
| Interest Qtr Cr | 10 | 10 | 10 | 9 | 6 | 5 |
| Tax Qtr Cr | 11 | 12 | 21 | 7 | 17 | 7 |
| Net Profit Qtr Cr | 31 | 39 | 60 | 26 | 46 | 33 |
Redtape Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 16
- Bearish Moving Average
- ___
- 0
- 20 Day
- ₹709.77
- 50 Day
- ₹709.45
- 100 Day
- ₹701.57
- 200 Day
- ₹645.38
- 20 Day
- ₹703.49
- 50 Day
- ₹705.42
- 100 Day
- ₹725.23
- 200 Day
- ₹655.17
Redtape Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 737.80 |
| Second Resistance | 753.75 |
| Third Resistance | 765.55 |
| RSI | 54.27 |
| MFI | 61.22 |
| MACD Single Line | 2.63 |
| MACD | 8.30 |
| Support | |
|---|---|
| First Support | 710.05 |
| Second Support | 698.25 |
| Third Supoort | 682.30 |
Redtape Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 99,463 | 4,614,089 | 46.39 |
| Week | 145,527 | 9,175,465 | 63.05 |
| 1 Month | 134,464 | 7,407,614 | 55.09 |
| 6 Month | 135,243 | 7,825,179 | 57.86 |
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 | 9,976 |
| Sales | 1,881 |
| Shares in Float | 3.87 |
| No of funds | 72 |
| Yield |
| Book Value | 15.78 |
| U/D Vol ratio | 0.8 |
| LTDebt / Equity | 4 |
| Alpha | 0.12 |
| Beta | 0.74 |
Redtape Shareholding Pattern
| Owner Name | Jun-24 | Mar-24 | Dec-23 | Sep-23 |
|---|---|---|---|---|
| Promoters | 71.79% | 71.76% | 71.76% | 71.76% |
| Mutual Funds | 8.81% | 7.79% | 7.15% | 6.3% |
| Foreign Portfolio Investors | 3.17% | 3.1% | 2.74% | 2.22% |
| Financial Institutions/ Banks | ||||
| Individual Investors | 12.19% | 12.96% | 13.77% | 14.74% |
| Others | 4.04% | 4.39% | 4.58% | 4.98% |
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
Redtape Corporate Action
| Date | Purpose | Remarks |
|---|---|---|
| 2024-08-14 | Quarterly Results | |
| 2024-05-29 | Audited Results | (Revised) |
| 2024-01-24 | Quarterly Results | |
| 2023-11-09 | Quarterly Results |
Redtape FAQs
What is Share Price of Redtape ?
Redtape share price is ₹736 As on 18 September, 2024 | 17:29
What is the Market Cap of Redtape ?
The Market Cap of Redtape is ₹10181.3 Cr As on 18 September, 2024 | 17:29
What is the P/E ratio of Redtape ?
The P/E ratio of Redtape is 63.6 As on 18 September, 2024 | 17:29
What is the PB ratio of Redtape ?
The PB ratio of Redtape is 15.7 As on 18 September, 2024 | 17:29