Loading…
Employees: 749
Size Redtape (REDTAPE.NS) is an India Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $624M, the 764th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹106.57 on 6 Nov 2026.
Performance Over six months the shares fell 18.4%, against -6.0% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 13.7% over the last twelve months (peer median +6.2%); the operating margin is 14.3% (peer median 5.9%).
Valuation It trades at 2.8× enterprise value to sales against a peer median of 0.9× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (9.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹24.2B | ₹24.2B | ₹20.2B | ₹18.4B | ₹14.7B |
| Revenue growth | — | +20% | +10% | +26% | — |
| Gross profit | ₹8.67B | ₹8.01B | ₹6.85B | ₹7.11B | ₹5.32B |
| EBITDA | ₹4.40B | ₹3.57B | ₹2.22B | ₹3.21B | ₹2.45B |
| Net income | ₹2.54B | ₹2.41B | ₹1.70B | ₹1.76B | ₹1.42B |
| Free cash flow | n/a | ₹476M | -₹1.30B | -₹493M | -₹265M |
| Capital expenditure | n/a | ₹859M | ₹1.13B | ₹1.20B | ₹1.46B |
| Total debt | ₹8.30B | ₹7.20B | ₹7.24B | ₹4.80B | ₹2.60B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | REDTAPE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | +1.6% | 8th lowest of 21 |
| 6-month return | -18.4% | -6.0% | 9th lowest of 20 |
| Distance from 52-week high | -33.0% | -22.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +13.7% | +6.2% | 4th highest of 21 |
| Operating margin | 14.3% | 5.9% | 4th highest of 20 |
| EV / Sales | 2.8× | 0.9× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.2% | -3.4% | 3rd most demanding of 15 |
| Growth delivered (Del g) | +18.1% | +5.8% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | -7.9 pp | -11.3 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | +5.3 pp | -0.2 pp | 7th highest of 19 |
| EV / EBITDA | 15.3× | 6.3× | 2nd most expensive of 16 |
| Net debt / EBITDA | 1.9× | 0.7× | 8th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Redtape REDTAPE.NS | India | $624M | -18% | +14% | 14% | 2.8× | 10.2% | +18.1% |
| RVRC RVRC.ST | Sweden | $596M | -1% | +5% | 21% | 2.7× | 7.6% | +17.6% |
| V2 Retail V2RETAIL.NS | India | $672M | -20% | +49% | 9% | 2.1× | n/a | n/a |
| AOYAMA TRADING 8219.T | Japan | $704M | -7% | -2% | 6% | 0.7× | -1.6% | +3.2% |
| Nishimatsuya Chain 7545.T | Japan | $725M | -6% | +5% | 5% | 0.2× | -21.2% | +3.9% |
| boohoo DEBS.L | United Kingdom | $526M | +46% | +120% | 0% | 0.5× | n/a | n/a |
| Aditya Birla Fashion and Retail ABFRL.NS | India | $503M | -42% | -27% | -8% | 0.6× | n/a | n/a |
| Arvind Fashions ARVINDFASN.NS | India | $486M | -25% | +13% | 8% | 1.2× | 16.6% | +22.5% |
| Shenzhen Pengfei Green Energy Development 002356.SZ | China | $458M | -29% | -23% | n/a | 6.1× | n/a | n/a |
| Lindex LINDEX.HE | Finland | $456M | +16% | +4% | 7% | 1.0× | -7.2% | +3.8% |
| EEKA Fashion 3709.HK | Hong Kong | $442M | -20% | -4% | 8% | 0.6× | -19.3% | +2.6% |
| Topsports International 6110.HK | Hong Kong | $882M | -62% | -3% | 5% | 0.2× | -20.9% | -7.2% |
| Brainbees Solutions FIRSTCRY.NS | India | $883M | -33% | +12% | -2% | 0.9× | 20.1% | +39.8% |
| Caleres CAL | United States | $438M | -6% | +7% | 4% | 0.5× | 0.4% | +5.4% |
| AND ST HD 2685.T | Japan | $900M | +2% | +3% | 6% | 0.4× | -15.3% | +10.6% |
| Jinfa Labi Maternity & Baby Articles 002762.SZ | China | $429M | -4% | +12% | -14% | 7.2× | n/a | n/a |
| AOKI 8214.T | Japan | $912M | +10% | 0% | 8% | 0.8× | -5.3% | +6.3% |
| United Arrows 7606.T | Japan | $426M | -1% | +8% | 6% | 0.4× | -10.9% | +6.2% |
| Universal Store UNI.AX | Australia | $425M | +24% | +13% | 17% | 1.8× | 4.0% | +12.3% |
| Purple Style Labs PERNIASPOP.NS | India | $417M | n/a | +14% | -14% | 7.5× | n/a | n/a |
| Winmark WINA | United States | $944M | -29% | +9% | 60% | 10.7× | 7.7% | +5.4% |