Declared Dividend • May 29
Dividend of ₹2.00 announced Shareholders will receive a dividend of ₹2.00. Ex-date: 31st July 2026 Payment date: 1st January 1970 Dividend yield will be 1.4%, which is higher than the industry average of 0.2%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (123% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹4.35 (vs ₹3.08 in FY 2025) Full year 2026 results: EPS: ₹4.35 (up from ₹3.08 in FY 2025). Revenue: ₹25.5b (up 26% from FY 2025). Net income: ₹2.41b (up 42% from FY 2025). Profit margin: 9.4% (up from 8.4% in FY 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹149, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 19x in the Specialty Retail industry in India. Negligible returns to shareholders over past year. 공고 • May 18
REDTAPE Limited to Report Q4, 2026 Results on May 26, 2026 REDTAPE Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 26, 2026 Reported Earnings • Feb 17
Third quarter 2026 earnings released: EPS: ₹1.89 (vs ₹1.32 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.89 (up from ₹1.32 in 3Q 2025). Revenue: ₹7.87b (up 18% from 3Q 2025). Net income: ₹1.05b (up 43% from 3Q 2025). Profit margin: 13% (up from 11% in 3Q 2025). The increase in margin was driven by higher revenue. 공고 • Feb 04
REDTAPE Limited to Report Q3, 2026 Results on Feb 12, 2026 REDTAPE Limited announced that they will report Q3, 2026 results on Feb 12, 2026 공고 • Nov 07
REDTAPE Limited to Report Q2, 2026 Results on Nov 14, 2025 REDTAPE Limited announced that they will report Q2, 2026 results on Nov 14, 2025 공고 • Sep 27
REDTAPE Limited Approves Final Dividend for the Financial Year 2024-2025 REDTAPE Limited at its AGM held on September 26, 2025, declared final dividend @12.50% (INR 0.25 per share) for the financial year 2024-2025. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹161, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 31x in the Specialty Retail industry in India. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹146, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 29x in the Specialty Retail industry in India. Total loss to shareholders of 14% over the past year. 공고 • Aug 29
REDTAPE Limited, Annual General Meeting, Sep 26, 2025 REDTAPE Limited, Annual General Meeting, Sep 26, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹0.70 (vs ₹0.56 in 1Q 2025) First quarter 2026 results: EPS: ₹0.70 (up from ₹0.56 in 1Q 2025). Revenue: ₹4.73b (up 7.1% from 1Q 2025). Net income: ₹386.0m (up 26% from 1Q 2025). Profit margin: 8.2% (up from 6.9% in 1Q 2025). The increase in margin was driven by higher revenue. 공고 • Aug 07
REDTAPE Limited to Report Q1, 2026 Results on Aug 14, 2025 REDTAPE Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 28
Full year 2025 earnings released Full year 2025 results: Revenue: ₹20.5b (up 11% from FY 2024). Net income: ₹1.70b (down 3.4% from FY 2024). Profit margin: 8.3% (down from 9.6% in FY 2024). The decrease in margin was driven by higher expenses. 공고 • May 20
REDTAPE Limited to Report Q4, 2025 Results on May 27, 2025 REDTAPE Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹135, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 35x in the Specialty Retail industry in India. Total loss to shareholders of 10% over the past year. New Risk • Feb 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹5.29 (vs ₹1.10 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.29 (up from ₹1.10 in 3Q 2024). Revenue: ₹6.70b (up 8.4% from 3Q 2024). Net income: ₹730.7m (up 20% from 3Q 2024). Profit margin: 11% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. 공고 • Feb 07
REDTAPE Limited to Report Q3, 2025 Results on Feb 12, 2025 REDTAPE Limited announced that they will report Q3, 2025 results on Feb 12, 2025 공고 • Jan 31
REDTAPE Limited Announces Resignation of Ashiwani Garg as Senior Management Personnel REDTAPE Limited announced the resignation of Ashiwani Garg as Senior Management Personnel effective from the close of business hours on January 31 January 2025, due to personal reasons. 공고 • Dec 26
Redtape Limited Approves Interim Dividend for the Financial Year 2024-25 REDTAPE Limited declared and approved Interim Dividend of INR 2 (100%) per equity share of INR 2/- each for the financial year 2024-25. With reference to Company's letter dated 20 December 2024 and pursuant to Regulation 42 of the Listing Regulations, the Company has fixed, 3 January 2024 as the record date for determining entitlement of Members for payment of Interim Dividend for FY2024-25. 공고 • Nov 09
REDTAPE Limited to Report Q2, 2025 Results on Nov 13, 2024 REDTAPE Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹898, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 52x in the Specialty Retail industry in India. Total returns to shareholders of 71% over the past year. 공고 • Aug 30
Redtape Limited, Annual General Meeting, Sep 28, 2024 Redtape Limited, Annual General Meeting, Sep 28, 2024, at 11:30 Indian Standard Time. New Risk • Aug 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹2.22 (vs ₹3.38 in 1Q 2024) First quarter 2025 results: EPS: ₹2.22 (down from ₹3.38 in 1Q 2024). Revenue: ₹4.44b (up 13% from 1Q 2024). Net income: ₹306.4m (down 34% from 1Q 2024). Profit margin: 6.9% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. 공고 • Aug 07
Redtape Limited to Report Q1, 2025 Results on Aug 14, 2024 Redtape Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Recent Insider Transactions • Jun 21
Key Executive recently bought ₹25m worth of stock On the 18th of June, Rashid Mirza bought around 33k shares on-market at roughly ₹767 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rashid's only on-market trade for the last 12 months. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹12.75 (vs ₹10.29 in FY 2023) Full year 2024 results: EPS: ₹12.75 (up from ₹10.29 in FY 2023). Revenue: ₹18.6b (up 26% from FY 2023). Net income: ₹1.76b (up 24% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Board Change • Mar 31
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Whole-Time Director Arvind Verma is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 27
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ₹4.40. Net income: ₹608.2m (up ₹608.2m from 3Q 2023). 공고 • Jan 17
Redtape Limited to Report Q3, 2024 Results on Jan 24, 2024 Redtape Limited announced that they will report Q3, 2024 results on Jan 24, 2024 공고 • Dec 08
Redtape Limited Announces Appointment of Akhilendra Bahadur Singh as Company Secretary and Compliance Officer The Board of Directors of Redtape Limited in its meeting held on December 8, 2023, based on the recommendations of Nomination and Remuneration Committee, has considered and approved the appointment of Mr. Akhilendra Bahadur Singh as the Company Secretary and Compliance officer of the Company with effect from December 8, 2023. Brief Profile (in case of appointment): Mr. Akhilendra Bahadur Singh is a qualified Company Secretary and member of the Institute of Company Secretaries of India. He has post qualification experience of over 6 years in the field of Secretarial and compliance management of Listed and Unlisted companies. Reported Earnings • Nov 12
Second quarter 2024 earnings released Second quarter 2024 results: EPS: ₹2.01. Net income: ₹277.4m (up ₹277.4m from 2Q 2023). 공고 • Nov 02
Redtape Limited to Report Q2, 2023 Results on Nov 09, 2023 Redtape Limited announced that they will report Q2, 2023 results on Nov 09, 2023 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹529, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 43x in the Specialty Retail industry in India. 공고 • Oct 08
Redtape Limited Announces the Resignation of Ms. Sakshi Mehta as Company Secretary and Compliance Officer Redtape Limited announced the resignation of Ms. Sakshi Mehta as Company Secretary and Compliance Officer, with effect from October 7, 2023. Due to personal issues in family. 공고 • Sep 07
Redtape Limited to Report Q2, 2024 Results on Nov 14, 2023 Redtape Limited announced that they will report Q2, 2024 results on Nov 14, 2023 공고 • Sep 02
Redtape Limited Announces Company Secretary and Compliance Officer Changes The Board of Directors of Redtape Limited at its meeting held on September 1, 2023, Mr. Nand Kishore Sharma ceased to be as the Company Secretary & Compliance officer of the Company effective September 1, 2023. Mr. Nand Kishore Sharma shall continue to be in the whole time employment of the Company and a core team member of the Company Secretarial and Compliance team of REDTAPE Limited. The Board of Directors discussed and appointed Ms. Sakshi Mehta (Membership No. A50554) as the Company Secretary and Compliance officer of the Company with effect from September 1, 2023, under section 203 of the Companies Act, 2013 and under regulation 6 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 and regulation 9(3) of SEBI (Prohibition of Insider Trading) Regulations 2015. Ms. Sakshi Mehta is a qualified Company Secretary and member of the Institute of Company Secretaries of India and Postgraduate in Commerce from Delhi University. She has post qualification experience of over 6 years in the field of secretarial and compliance management of Listed and Unlisted companies.