Redtape Limited Net Assets
Redtape Limited net assets. Based on the latest financial reports, Redtape Limited (REDTAPE) has net assets worth Rs10.21 Billion INR (≈ $110.46 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs23.06 Billion ≈ $249.34 Million USD) and total liabilities (Rs12.84 Billion ≈ $138.88 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. Also explore REDTAPE year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.21 Billion |
| % of Total Assets | 44.3% |
| Annual Growth Rate | 1946.76% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3547077.04 |
Net Assets of Redtape Limited (2022–2026)
Net assets of Redtape Limited from 2022 to 2026. This chart illustrates how Redtape Limited's net assets have evolved over time, based on quarterly financial data. See REDTAPE net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Redtape Limited (2022–2026)
The table below shows the annual net assets of Redtape Limited from 2022 to 2026. For live market cap and overall valuation, see Redtape Limited (REDTAPE) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs10.21 Billion ≈ $110.46 Million |
+29.48% |
| 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 2080.2% over the analyzed period, indicating profitable operations and earnings retention.
Redtape Limited Net Assets Breakdown (March 2026)
Redtape Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs6.33 Billion | 61.99% |
| Common Stock | Rs1.11 Billion | 10.82% |
| Other Comprehensive Income | Rs2.78 Billion | 27.19% |
| Total Equity | Rs10.21 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 |
|---|---|
|
Hongbo Co Ltd
SHE:002229
|
$638.70 Million |
|
Shandong Shanda Wit Science and Technology Co Ltd
SHE:000915
|
$638.82 Million |
|
BELL AGROMACHINA ORD T (BSE)
NSE:BALUFORGE
|
$638.94 Million |
|
Bally's Corp
NYSE:BALY
|
$639.11 Million |
|
Cyient DLM Limited
NSE:CYIENTDLM
|
$638.44 Million |
|
Sercomm Corp
TW:5388
|
$638.33 Million |
|
Janus International Group Inc
NYSE:JBI
|
$638.32 Million |
|
Gem-Year Industrial Co Ltd
SHG:601002
|
$638.27 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 2025 to 2026, total equity changed from 7,888,400,000 to 10,213,800,000, a change of 2,325,400,000 (29.5%).
- Net income of 2,405,500,000 contributed positively to equity growth.
- Dividend payments of 138,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 54,600,001.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.41 Billion | +23.55% |
| Dividends Paid | Rs138.20 Million | -1.35% |
| Other Comprehensive Income | Rs54.60 Million | +0.53% |
| Other Changes | Rs3.50 Million | +0.03% |
| Total Change | Rs- | 29.48% |
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: 5.80x
- 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 4.39x to 5.80x 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 | Rs106.80 | x |
| 2023-03-31 | Rs8.62 | Rs106.80 | x |
| 2024-03-31 | Rs11.73 | Rs106.80 | x |
| 2025-03-31 | Rs14.28 | Rs106.80 | x |
| 2026-03-31 | Rs18.42 | Rs106.80 | 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): 23.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.95%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.26x
- Recent ROE (23.55%) is above the historical average (22.15%), indicating improving 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 |
| 2026 | 23.55% | 9.95% | 1.05x | 2.26x | Rs1.38 Billion |
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: $2,814,736,762
- Average return on equity (ROE) among peers: 10.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redtape Limited (REDTAPE) | Rs10.21 Billion | 8.65% | 1.26x | $638.49 Million |
| Banaras Beads Limited (BANARBEADS) | $428.27 Million | 3.90% | 0.13x | $7.47 Million |
| Bata India Limited (BATAINDIA) | $3.13 Billion | 3.10% | 0.90x | $903.21 Million |
| Brand Concepts Limited (BCONCEPTS) | $102.15 Million | 14.07% | 3.57x | $18.17 Million |
| Bhartiya International Limited (BIL) | $1.79 Billion | 11.76% | 1.65x | $155.75 Million |
| Campus Activewear Limited (CAMPUS) | $5.52 Billion | 21.21% | 1.13x | $641.57 Million |
| Khadim India Limited (KHADIM) | $1.84 Billion | 16.65% | 1.20x | $24.15 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.21 Billion | 3.83% | 1.37x | $34.67 Million |
| Mirza International Limited (MIRZAINT) | $7.60 Billion | 11.38% | 0.87x | $40.28 Million |
| Sreeleathers Limited (SREEL) | $3.72 Billion | 6.89% | 0.06x | $65.76 Million |
About Redtape Limited
REDTAPE Limited engages in the retail sale of footwear, garments, accessories and allied products in India and internationally. It provides footwear, such as boots, casual and formal shoes, sandals, 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 sportswear… Read more