Redtape was one of the first Indian footwear brands exported to the leading global markets of the UK, back in 1996. In addition to its footwear segment, Redtape has extended to the fashion and lifestyle industry with over 390 stores all over India. It has gained recognition in the Indian market for its comfort, accessibility, and contemporary designs. In its initial stages, Redtape was focused on men’s wear with an offering of shirts, trousers, denim, sweaters, ethnic wear, and accessories but has since diversified to produce for women and children as well. Today, the company caters to 17 countries like the US, the UK, Germany, Turkiye, France, Australia, and more.
PARAMETERS | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue (INR Cr) | 1981 14.3% | 1733 380.6% | 361 - |
Net Operating Income (INR Cr) | 1843 25.51% | 1468 384.24% | 303 0.00% |
Profit (INR Cr) | 176 24.0% | 142 389.5% | 29 - |
Assets (INR Cr) | 1133 53.1% | 740 23.8% | 598 - |
Net Worth (INR Cr) | 648 36.0% | 477 41.9% | 336 0.0% |
Employee Cost (INR Cr) | 93 36.3% | 68 473.6% | 12 - |
Interest Cost (INR Cr) | 37 | 17 | 4 |
Cash & Bank Balance (INR Cr) | 21 | 26 | 14 |
Total Debt (INR Cr) | 480 | 260 | 29 |
PARAMETERS | 2024 | 2023 | 2022 |
---|---|---|---|
Profit As % Of Revenues | 8.9% | 8.2% | 8.1% |
Profit As % Of Assets | 15.6% | 19.2% | 4.9% |
Profit As % Of Networth | 27.2% | 29.8% | 8.7% |
Interest Cost to EBITDA % | 11.5% | 7.1% | 8.5% |
Debt to Equity Ratio | 0.74 | 0.55 | 0.08 |
RONW | 31.3% | 35.0% | 8.7% |
ROCE | 29.1% | 30.9% | 7.5% |