₹109.0
+1.5% today
· 30d -3.11%
as of 2026-11-09
Price · Daily Candles
“REDTAPE’s profitability soars as Q4 profits jump 69.53% against declining FII interest.”
REDTAPE, a footwear and accessories player with a market cap of ₹7415.0 Cr, continues its strong performance, reporting a Q4 FY26 net profit increase of 69.53% YoY to ₹70.0 Cr and annual revenue growth of 19.69% to ₹2419.0 Cr. Despite this, ML predictions show weak free cash flow (FCF) growth ranks across all horizons, with an FCF yield of only 1.21%.
BULL CASE
+Q4 FY26 net profit surged 69.53% YoY to ₹70.0 Cr, driven by a 33.51% increase in revenue to ₹676.0 Cr.
+Annual revenue witnessed a healthy growth of 19.69% YoY to ₹2419.0 Cr, with net profit up 41.5% for FY26.
+Operating profit margin (OPM) improved by 0.86 percentage points in Q4 2026, reaching 19.17%.
+Promoter holding increased slightly by 0.04% QoQ in Q4 2026, now standing at 71.83%.
BEAR CASE
−FIIs have reduced their stake by 0.07% QoQ in Q4 2026, holding only 3.81% of the shares.
−The ML model predicts weak FCF growth, with ranks as low as 0.004 (stable 7-year FCF) and an FCF yield of 1.21%.
−The stock is trading at a PE of 30.83, significantly below peer BATAINDIA (54.02) but above Campus (48.35).
−The stock is 18.17% off its 52-week high of ₹163.5.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹475 Cr
-3.57% YoY
NET PROFIT
₹35 Cr
+26.83% YoY
OPM
18.19%
+1.79pp YoY
EPS
₹0.63
PE 30.83
Intrinsic value · DCF ₹47.34 · Margin of safety -56.6% (overvalued) · FCF yield 1.49%
◇ Sector Position
REDTAPE's PE of 30.83 is lower than sector leader BATAINDIA (54.02), while its ROCE of 22.0% is competitive against peers like CAMPUS (26.45%) but trails BATAINDIA (32.53%).
PEERPEROCE %
REDTAPE30.8322.0
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ML Forward Growth Predictions 🔒
56
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
UNDERPERFORMER
20
Valuation
FAIR
40
Growth
STRONG
74
Profitability
HIGH
85
Technicals
WEAK
40
Risk
LOW
80
Key Stats
TTM PE
30.83
P/B
7.28
52W HIGH
₹158.99
OFF HIGH
-31.44%
MKT CAP
₹6021 Cr
◉ Active Signals
MACDNeutral0.6681
RSI(14)Neutral48.2
Near 52W LowBearish7.92
⧉ Strategy Fit 🔒