āagman

Not investment advice. Data and computed figures, for information only.

Redtape Ltd

NSE: REDTAPE
₹112.82
−₹0.64 (−0.56%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,692 Cr
CMP
₹112.82
52-wk High / Low
₹159 / 108
P/E
27.2
P/B
6.5
Book Value
₹18.5
Div Yield
1.65%
ROCE
24.0%
ROE
26.6%
Face Value
₹2
D/E
0.70

Price−17.4% over 1Y

āagman read

Computed by āagman
Derived from 5 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹43
√(22.5 × EPS × book value per share)
ROIC
11.3%
vs 12.3% sector median
Cash flow to profit
0.72
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+87
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.7%
ROE × earnings retention ratio
ROE stability
7.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.60DII +0.73
Latest quarter vs the previous one
Cash-accrual divergence
3.0%
of assets
Low = accruals track cash flow
Strengths
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 27.2x is below the sector median of 38.5x
Watch-outs
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales395325618507442416661506464492787676481
Expenses313267513432373352536461387420640564398
Operating Profit825810575696412545777314711184
OPM %20.8%17.8%17.0%14.8%15.6%15.4%18.9%8.9%16.6%14.8%18.7%16.4%17.5%
Other Income124523950910312215
Interest691010101213161619181515
Depreciation12151615192122222122232224
Profit before tax643682544235995749421379660
Net Profit472861413125734139281057044
EPS (₹)0.850.501.100.740.550.451.320.750.700.501.891.260.80

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 5 years + TTM
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3031,4681,8432,0212,4192,436
Expenses2561,2241,5241,8012,0652,021
Operating Profit47244319220353414
OPM %15.5%16.6%17.3%10.9%14.6%17.0%
Other Income071315113278
Interest41737547366
Depreciation24459838891
Profit before tax41189236233324336
Net Profit29142176170241246
EPS (₹)—2.573.193.084.354.45

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital02828111111—
Reserves336449621678911—
Borrowings28260480724720—
Other Liabilities461502460712564—
Total Liabilities8261,2391,5882,2242,306—
Fixed Assets304368646717750—
CWIP1771174625—
Investments11000—
Other Assets5047999251,4611,531—
Total Assets8261,2391,5882,2242,306—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity44127844174
Cash from Investing Activity−49−127−116−110−85
Cash from Financing Activity−17122699−94
Net Cash Flow−2212−5−7−5

Ratios

As of 31 Mar 2026
5 periods
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—37.029.022.024.0
ROE %————26.6
EPS (₹)—2.573.193.084.35
Book Value (₹)————18.5
Face Value (₹)————2
P/E————27.2
Div Yield %————1.65
NPM %9.69.69.57.89.4
OPM %16.017.017.011.015.0
D/E0.080.550.740.920.70
P/B————6.5

Growth

As of 27 Sep 2026
Compounded sales growth
3 years+18.0%
TTM+19.0%
Compounded profit growth
3 years+19.0%
TTM+38.0%
Stock price CAGR
3 years+3.0%
Last year−17.0%
Return on equity
5 years26.0%
3 years27.0%
Last year27.0%

Shareholding pattern

As of 30 Jun 2024
Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.77%71.80%71.83%71.83%
FIIs3.10%3.53%3.81%3.21%
DIIs7.86%10.25%11.01%11.74%
Government————
Public17.28%14.44%13.36%13.22%
No. of shareholders57,88074,36477,94375,576
Change since Sep 2023 (pp)
Promoters +0.06FIIs +0.11DIIs +3.88Public −4.06

Documents

As of 27 Sep 2026
Announcements
Closure of Trading WindowReply To The Volume Movement Letter Having Reference No. L/SURV/ONL/PV/SG/2026-2027/366Clarification sought from Redtape LtdAnnouncement under Regulation 30 (LODR)-Change in ManagementShareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023
Credit ratings
Rating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTFeb 2026PPTNov 2025TranscriptNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 2 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 0.25 Per Share—
4 Feb 2025BONUSBonus 3:1—
3 Jan 2025DIVIDENDInterim Dividend - Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman