Redtape Ltd

Redtape Ltd

Next 500 2024
OVERVIEW
FINANCIALS

About

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.

Incorporation Year: 2021
Headquarters: Noida
Top Management: Shuja Mishra/Rashid Ahmed Mirza
Industry: Consumer Durables
Website: redtape.com

Featured In Fortune India Ranking

Next 500 India
Next 500 India
#323(2024)
#323(2024)

Financial Data 2024

Revenue
1,981
(INR Cr)
Net Operating Income
1,843
(INR Cr)
Assets
1,133
(INR Cr)
Profit
176
(INR Cr)
Net Worth
648
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS202420232022
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)
37174
Cash & Bank Balance
(INR Cr)
212614
Total Debt
(INR Cr)
48026029

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202420232022
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 0.740.550.08
RONW 31.3%35.0%8.7%
ROCE 29.1%30.9%7.5%