Redtape Limited (REDTAPE) - Net Assets
Based on the latest financial reports, Redtape Limited (REDTAPE) has net assets worth Rs8.57 Billion INR (≈ $92.71 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs22.91 Billion ≈ $247.73 Million USD) and total liabilities (Rs14.33 Billion ≈ $155.02 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Redtape Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs8.57 Billion |
| % of Total Assets | 37.43% |
| Annual Growth Rate | 5032.14% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3861568.47 |
Redtape Limited - Net Assets Trend (2022–2025)
This chart illustrates how Redtape Limited's net assets have evolved over time, based on quarterly financial data. See Redtape Limited (REDTAPE) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Redtape Limited (2022–2025)
The table below shows the annual net assets of Redtape Limited from 2022 to 2025. For live valuation and market cap data, see market value of Redtape Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs7.89 Billion ≈ $85.31 Million |
+21.65% |
| 2024-03-31 | Rs6.48 Billion ≈ $70.13 Million |
+36.01% |
| 2023-03-31 | Rs4.77 Billion ≈ $51.56 Million |
+8191652.58% |
| 2022-03-31 | Rs58.20K ≈ $629.41 |
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Equity Component Analysis
This analysis shows how different components contribute to Redtape Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1299.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs4.06 Billion | 51.52% |
| Common Stock | Rs1.11 Billion | 14.02% |
| Other Comprehensive Income | Rs2.72 Billion | 34.51% |
| Total Equity | Rs7.89 Billion | 100.00% |
Redtape Limited Competitors by Market Cap
The table below lists competitors of Redtape Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chung Hung Steel Corp
TW:2014
|
$800.53 Million |
|
Jilin Forest
SHG:600189
|
$800.62 Million |
|
Shanghai Allied Industrial Corp. Ltd. A
SHE:301419
|
$800.73 Million |
|
Montrose Environmental Grp
NYSE:MEG
|
$800.80 Million |
|
SFA Semicon Co. Ltd
KQ:036540
|
$800.04 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$800.00 Million |
|
Shandong Ruifeng Chemical Co Ltd
SHE:300243
|
$799.77 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$799.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redtape Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,484,300,000 to 7,888,400,000, a change of 1,404,100,000 (21.7%).
- Net income of 1,702,400,000 contributed positively to equity growth.
- Dividend payments of 275,700,000 reduced retained earnings.
- Other comprehensive income decreased equity by 11,200,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.70 Billion | +21.58% |
| Dividends Paid | Rs275.70 Million | -3.5% |
| Other Comprehensive Income | Rs-11.20 Million | -0.14% |
| Other Changes | Rs-11.40 Million | -0.14% |
| Total Change | Rs- | 21.65% |
Book Value vs Market Value Analysis
This analysis compares Redtape Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.38x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.51x to 9.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | Rs24.30 | Rs133.90 | x |
| 2023-03-31 | Rs8.62 | Rs133.90 | x |
| 2024-03-31 | Rs11.73 | Rs133.90 | x |
| 2025-03-31 | Rs14.28 | Rs133.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redtape Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.43%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 2.82x
- Recent ROE (21.58%) is below the historical average (21.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 8.65% | 9.58% | 47944.62x | 0.00x | Rs-45.48 Million |
| 2023 | 29.82% | 9.68% | 1.19x | 2.60x | Rs944.74 Million |
| 2024 | 27.18% | 9.56% | 1.16x | 2.45x | Rs1.11 Billion |
| 2025 | 21.58% | 8.43% | 0.91x | 2.82x | Rs913.56 Million |
Industry Comparison
This section compares Redtape Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $2,324,161,892
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redtape Limited (REDTAPE) | Rs8.57 Billion | 8.65% | 1.67x | $800.51 Million |
| Banaras Beads Limited (BANARBEADS) | $352.34 Million | 14.05% | 0.27x | $7.10 Million |
| Bata India Limited (BATAINDIA) | $2.48 Billion | -25.37% | 1.50x | $1.10 Billion |
| Brand Concepts Limited (BCONCEPTS) | $250.32 Million | -4.43% | 2.31x | $23.38 Million |
| Bhartiya International Limited (BIL) | $3.75 Billion | 4.66% | 1.43x | $101.64 Million |
| Campus Activewear Limited (CAMPUS) | $3.13 Billion | 8.59% | 1.19x | $794.82 Million |
| Khadim India Limited (KHADIM) | $2.40 Billion | 2.62% | 2.05x | $21.52 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.32 Billion | 3.33% | 1.52x | $47.86 Million |
| Mirza International Limited (MIRZAINT) | $5.04 Billion | 14.14% | 0.52x | $49.46 Million |
| Sreeleathers Limited (SREEL) | $2.21 Billion | 6.08% | 0.08x | $50.83 Million |
About Redtape Limited
REDTAPE Limited manufactures and sells footwear and clothing for men, women, and kids in India and internationally. It offers footwear, such as boots, casual and formal shoes, sandals/slippers, sliders/flip flops, and sports shoes; topwear, including jackets, shirts, sweaters, sweat shirts/hoodies, and T-shirts; bottomwear, such as jeans, trousers, shorts, jeggings, and pants; and sports wear com… Read more