Sells branded footwear and garments/accessories under the Redtape and Bondstreet brands in India and overseas. The two main product lines are footwear (sold domestically and exported) and garments & accessories, with footwear the larger of the two. Distribution combines retail stores, e-commerce and exports to 13 countries. The retail network is the dominant channel, anchored in Tier-2 and Tier-3 cities with a majority of stores franchisee-owned. The company has expanded into eyewear and hard luggage. FY26 reported cost shape: materials 2.1%, employees 5.1%, other operating expenses 23.5%, depreciation 3.6% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Footwear - Domestic & Export Sale under brand Redtape & Bondstreet (56%), Garments & Accessories under brand Redtape (43%), Unallocated (1%). Brand-led, retail-anchored footwear and apparel with growing e-commerce and overseas footprint.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,843 | 2,021 | 2,419 |
| EBITDA (ex other income) | 315 | 335 | 347 |
| margin % | 17.1 | 16.6 | 14.4 |
| Owners' profit | 0 | 170 | 241 |
| EPS, as reported (₹) | 12.75 | 3.08 | 4.35 |
| ROE % · ROCE % | 27.2 · 27.7 | 21.6 · 25.1 | 23.6 · 29.4 |
| Debt / equity (x) | 0.25 | 0.46 | 0.38 |
| Cash from operations | 84 | 4 | 174 |
| Capex | (120) | (171) | (84) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 416 | 665 | 506 | 464 | 492 | 787 | 676 | 481 |
| Profit before tax | 35 | 99 | 57 | 49 | 42 | 137 | 96 | 60 |
| Net profit | 25 | 73 | 41 | 39 | 28 | 105 | 70 | 44 |
| EPS (₹) | 1.81 | 5.29 | 0.75 | 0.70 | 0.50 | 1.89 | 1.26 | 0.80 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| METRO BRANDS LIMITED | 25,672 | 63.1 | 12.67 | 26.4 | 20.5 | 16.3 | — | 33.4 |
| BATA INDIA LTD | 8,354 | 57.2 | 5.24 | 11.3 | 8.4 | 6.5 | 15.5 | 22.7 |
| RELAXO FOOT LTD. | 8,069 | 43.5 | 3.66 | — | 8.1 | 9.9 | — | 17.2 |
| CAMPUS ACTIVEWEAR LIMITED | 6,546 | 126.7 | 15.31 | 27.6 | 25.2 | 29.5 | — | 18.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · Redtape re-appoints MD for 5 years; Chairman to continue past 70 | management changes | medium | — | — |
| 26 Aug 2026 · AGM results: all 6 resolutions passed, Rs 2 dividend declared | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Redtape 5th AGM held on Aug 25, 2026; key resolutions passed | board shareholder meetings | medium | — | — |
| 14 Aug 2026 · RedTape Q1 FY27 call: PAT up 19%, 150 stores target, Sprandi launch by Sept | investor communications | medium | — | — |
| 11 Aug 2026 · Outcome of Investor Meet Held on August 11, 2026 | investor communications | low | — | — |
| 11 Aug 2026 · Outcome of Investor Meet - Q1 FY26 Results Discussed | investor communications | low | — | — |
| 11 Aug 2026 · Q1 FY27 Results Published; KYC and Demat Reminder for Shareholders | compliance | minimal | — | — |
| 10 Aug 2026 · Q1 FY27: Highest-ever Q1 profit, revenue up 3.7% YoY to 480 Cr | compliance | low | — | — |
| 10 Aug 2026 · RedTape Q1 FY27 investor presentation: margins expand, 33 new stores | investor communications | medium | — | — |
| 10 Aug 2026 · Q1 FY27 results filed; auditor flags Income Tax search as Emphasis of Matter | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| REDTAPE LIMITED ◆ |
| 6,440 |
| 26.2 |
| 6.30 |
| 14.2 |
| 23.6 |
| 24.3 |
| — |
| 20.5 |
| SREELEATHERS LIMITED | 772 | 23.5 | 1.55 | — | 5.8 | 7.5 | — | 16.3 |
| LIBERTY SHOES LTD | 390 | 45.4 | 1.67 | — | 4.8 | 4.3 | — | 7.9 |
| LEHAR FOOTWEARS LIMITED | 359 | 17.2 | 2.71 | — | 15.7 | 19.3 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.2 | 51.3 | 3 of 10 | 78% |
| P/B | 6.3 | 3.7 | 7 of 9 | 25% |
| ROCE | 24.3 | 7.5 | 2 of 11 | 90% |
| ROE | 23.6 | 8.3 | 2 of 10 | 89% |
| Debt / Equity | 0.4 | 0.2 | 7 of 10 | 33% |
| EBITDA margin | 20.5 | 17.4 | 3 of 10 | 78% |
| Revenue growth | 3.6 | 3.6 | 5 of 9 | 50% |
| Profit growth | 15.2 | (3.6) | 3 of 9 | 75% |
| Market cap | 6440 | 3606 | 5 of 10 | 56% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
