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REDTAPE Limited (REDTAPE) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹76.9B

RL REDTAPE Limited REDTAPE · NSE
Price₹139.18
Fair Value₹71.62
Upside-48.5%
Quality60/100
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Evidence: High Range ₹48.25 – ₹193.00

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +1.6% over the past month.

Price vs Fair Value (12 months)

₹161.12 ₹109.76 Fair Value ₹71.62 Jul 2025 Jul 2026

12‑month range ₹109.76 – ₹161.12 · fair‑value band ₹48.25 – ₹193.00 · the ₹139.18 price screens above the ₹71.62 fair value. As of Jul 3, 2026.

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Analysis

REDTAPE Limited (REDTAPE) currently trades at ₹139.18, while our model-based Fair Value estimate is ₹71.62 — implying the stock looks roughly 48.5% overvalued today. We read business quality at 60/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, REDTAPE Limited generated revenue of ₹24.2B at a net margin of 10.0%. Revenue grew 35.5% year over year. It earns a return on equity of 26.6%. Net debt stands at ₹7.1B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹24.2B
Revenue growth (YoY) +35.5%
Net margin 10.0%
Return on equity 26.6%
Free cash flow ₹881M FY2026
P/E ratio 31.9
More key figures
Operating margin 13.2%
EPS (TTM) ₹4.36
Dividend yield 1.5%
EPS growth (YoY) +69.0%
Net debt ₹7.1B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

REDTAPE Limited manufactures and sells footwear and clothing for men, women, and kids in India and internationally. It offers footwear, such as boots, casual and formal shoes, sandals/slippers, sliders/flip flops, and sports shoes; topwear, including jackets, shirts, sweaters, sweat shirts/hoodies, and T-shirts; bottomwear, such as jeans, trousers, shorts, jeggings, and pants; and sports wear comprising active T-shirts and shorts, as well as innerwear comprising briefs. The company also provides accessories, including wallets, socks, handkerchiefs, caps, belts, and backpacks. It operates through retail and online networks, including exclusive brand outlets, major retail partners, and e-commerce platforms. The company offers its products under the RedTape, RedTape Athleisure, MODE by RedTape, and BOND STREET by RedTape brands. It also exports its products. REDTAPE Limited was founded in 1996 and is based in Noida, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

REDTAPE Limited reported revenue of ₹24.2B in FY2026 versus ₹3.0B in FY2022, a compound +68.1%/yr. Reported net income was ₹2.4B in FY2026, compounding +69.6%/yr from FY2022.

Revenue +68.1%/yr
FY22 ₹3.0B
FY23 ₹14.7B
FY24 ₹18.4B
FY25 ₹20.2B
FY26 ₹24.2B
Net income +69.6%/yr
FY22 ₹290M
FY23 ₹1.4B
FY24 ₹1.8B
FY25 ₹1.7B
FY26 ₹2.4B

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Similar stocks

6 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE €39.88 €32.06 -20%
adidas AG 1ADS €184.40 €81.86 -56%
ASICS Corporation ASCCY $27.42 $22.91 -16%
Deckers Outdoor Corporation DECK $105.57 $172.88 +64%
On Holding ONON $36.21 $20.28 -44%
Zhejiang China Commodities City Group 600415 ¥10.63 ¥26.58 +150%

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Frequently asked questions

Is REDTAPE Limited (REDTAPE) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹71.62 versus a price of ₹139.18 — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of REDTAPE?
Our model-based fair value for REDTAPE Limited is ₹71.62 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹139.18.
What is the quality score of REDTAPE?
REDTAPE Limited has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of REDTAPE Limited (REDTAPE)?
REDTAPE Limited reported trailing-twelve-month revenue of about ₹24.2B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of REDTAPE?
The net profit margin of REDTAPE Limited is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does REDTAPE Limited pay a dividend?
REDTAPE Limited currently shows a dividend yield of about 1.46% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.