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Fundamentals
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Resistance/Support
Delivery and Volume
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Management
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Redtape Ltd Performance

Today's Low
713.10
arrowIcon
Today's High
734.90
52 Wk Low
411.05
arrowIcon
52 Wk High
745.00


Open

734.9

Traded Value (Cr)

3.36

Prev. Close

728.55

Face Value

2

Volume

46072

Redtape Ltd Fundamentals

Market Cap
₹ 10074.92 Cr
P/E Ratio (TTM)
59.32
P/B Ratio
18.17
Debt to Equity
0.13
ROE
34.09
EPS (TTM)
12.29
Dividend Yield
0.00 %
Book Value
40.12

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Redtape Ltd Financials

Redtape Ltd Financials

Redtape Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jul 2023
Promoters 71.76 % 71.76 % 71.76 % 71.76 %
Retail 12.96 % 13.78 % 14.74 % 17.52 %
Mutual Funds 7.79 % 7.15 % 6.30 % 4.06 %
Others 4.41 % 4.60 % 5.01 % 5.16 %
FII 3.08 % 2.71 % 2.19 % 1.50 %

Promoters

71.76%

Retail

12.96%

Mutual Funds

7.79%

Others

4.41%

FII

3.08%

Promoters

71.76%

Retail

13.78%

Mutual Funds

7.15%

Others

4.60%

FII

2.71%

Promoters

71.76%

Retail

14.74%

Mutual Funds

6.30%

Others

5.01%

FII

2.19%

Promoters

71.76%

Retail

17.52%

Mutual Funds

4.06%

Others

5.16%

FII

1.50%

Resistance and Support

₹725.52

PIVOT

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Resistance
First Resistance₹737.933
Second Resistance₹747.317
Third Resistance₹759.733
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Support
First Support₹716.133
Second Support₹703.717
Third Support₹694.333

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day76,1716,73669.27
Week9,72428,021-85.96
1 Month9,72447,658-85.96
6 Months20,304,53011,255,90654.92

About Redtape Ltd

Redtape Limited was incorporated on December 8, 2021 as a wholly owned subsidiary of Mirza International Limited. Prior to the Scheme, the Company was engaged in design, development, manufacturing, marketing, trading, export and retailing of leather footwear, sports shoes, garments & apparels, leather goods and accessories, and other related activities. The Composite Scheme of Arrangement of RTS Fashions Private Limited, Mirza International Limited, the Company and their respective shareholders and creditors, which inter-alia, provided for (a) Amalgamation of RTS Fashions Private Limited with Mirza International Limited; and (b) De-merger of Branded Business/ Redtape Business of Mirza International Limited into the Company on a going concern basis. The said Scheme was sanctioned and thereafter, the Branded Business/ Redtape Business of Mirza International Ltd got demerged into the Company w.e.f February 25, 2023. On implementation of the Scheme of Arrangement for Demerger of the Redtape Business from MIL, Equity Shares were allotted in the ratio of 1:1 to all the shareholders of MIL. Accordingly, the Equity Shares of the Company got listed on August 11, 2023.

Managing Director

2021

Founded

Shuja Mirza

NSE Symbol

REDTAPE

Redtape Ltd Management

NameDesignation
Rashid Ahmed MirzaChairman (Non-Executive)
Shuja MirzaManaging Director
Arvind VermaWhole-time Director
Subhash SapraIndependent Director
Sanjay BhallaNon Executive Director
Yashvir SinghIndependent Director
Rajshree SaxenaIndependent Director
Sakshi MehtaCompany Sec. & Compli. Officer
Sunanda SinghWhole-time Director
Akhilendra Bahadur SinghCompany Sec. & Compli. Officer

Redtape Ltd News

Redtape announces board meeting date
On 20 May 2024
Redtape consolidated net profit rises 14.11% in the December 2023 quarter
Sales rise 29.31% to Rs 617.57 crore
Redtape enters into marketing and technical tie-up with ONDC
Redtape to conduct board meeting
On 8 December 2023
Redtape announces incorporation of step-down subsidiary
Redtape consolidated net profit rises 5.80% in the September 2023 quarter
Sales rise 6.00% to Rs 324.71 crore
Redtape to announce Quarterly Result
On 9 November 2023
Redtape AGM scheduled
On 30 September 2023
Redtape to announce Quarterly Result
On 1 September 2023
Shares of Redtape get listed
In T Group

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Redtape Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Redtape Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Redtape Ltd's share price is ₹728.55 as of May 21, 2024 at 12:34 PM

Redtape Ltd's P/E ratio is 59.32 times as of May 21, 2024 at 12:34 PM.

Redtape Ltd's most recent financial reports indicate a price-to-book ratio of 18.17, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Redtape Ltd's market is 10,075 Cr as on May 21, 2024 at 12:34 PM.

The current financial records of Redtape Ltd show a 34.09% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Redtape Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Redtape Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Redtape Ltd's 52-week high and low as of May 21, 2024 at 12:34 PM are ₹745 and ₹745 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Redtape Ltd stands at 71.76%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 2.71% to 3.08%.