Close 10 Sep 1505 scanned A
NIFTY 5023,477.80+0.20%
BANK NIFTY56,471.95+0.31%
INDIA VIX11.80-1.05%
MIDCAP 15022,904.25-0.38%
SMALLCAP 25018,433.40+0.01%
NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

REDTAPE

Redtape Limited
Consumer DurablesMid capRs 6,361 crRs 4.0 cr traded a day
Close on 10 September 2026
115.06
−1.30%
52-week range11% of the way up
109.76157.80
Market cap
6,361 cr
P/E (TTM)
32.7×
industry 42×
EPS (TTM)
3.52
Revenue YoY
+3.7%
Q1 FY27
Profit YoY
+15.2%
Net margin
9.2%
+0.9pt vs a year ago
Growth trend
-30.0pt
vs last quarter’s YoY
1 month
-8.6%
Below 52w high
37.1%
RSI (14)
35
Daily swing
3.1%
average true range
Volume
0.5×
vs 20-day average
Traded
Rs 4 cr
median day
Close200-day averageMaterial filing
120140160Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Below the median
-8.7%
One-year return
Below the median
-25.7%
Return on capital employed
n/a
Debt to equity
n/a
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
n/a
Revenue growth, year on year
latest reported quarter
+3.7%
Below the 52-week high
from the highest close of the year
-27.1%
1 week
−2.06%
1 month
−8.59%
3 months
−15.30%
6 months
−3.18%
1 year
−25.70%

The read

written from the numbers on this page
The evidence is mixed3 supporting, 3 against, 1 worth knowing

Supporting

  • matches near a 52-week low, which has beaten the market by +0.38 points over 20 sessions across 48,405 past signals
  • net margin has widened from 8.2% to 9.2% across four quarters
  • priced at 33× earnings against an industry median of 42× — 23% below its peers

Against

  • trading 9% below its 200-day average
  • at 11% of its 52-week range — nearly everyone who bought in the past year is underwater
  • down 26% over twelve months

Worth knowing

  • revenue grew 4% year on year in the quarter ending 30 June 2026
What would change this read: a close back above 126, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working
Nothing on this side tonight — not in the filings and not in the price.
Needs watching9

Net profit -39.1% year on year, Rs 73 cr to Rs 44 cr.

-39.1%Rs 73 crRs 44 cr

Revenue -27.6% year on year, Rs 665 cr to Rs 481 cr.

-27.6%Rs 665 crRs 481 cr

Net margin moved from 11.0% to 9.2%.

11.0%9.2%

Trading 8.7% below its 200-day average.

-8.7%

27% below its 52-week high.

-27%

Only 4.8% above its 52-week low.

+4.8%

Down 25.7% over the past year.

-25.7%

A warning rule fires on it tonight: near a 52-week low.

Near a 52-week low

Only Rs 4.0 crore changes hands on a median day. A large order moves this price by itself.

Rs 4.0 cr
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 1 of these 3 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-2.1%-1.3 pt vs market1W-8.6%-7.5 pt vs market1M-15.3%-18.0 pt vs market3M-3.2%-19.8 pt vs market6M-25.7%-22.5 pt vs market1Y

What the scans say today

2 of 47 matched on 10 Sep
REDTAPE matches 2 of the 47 scans today, across 2 different kinds of evidence.

Valuation against its own history

407 sessions since 5 February 2025
33×
median 40×
51×
now 33×
REDTAPE trades at 33× trailing earnings, below its median of 40× over this window — 18% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
08-26
15:40
AGM / EGM
1 day+1.75 days-1.720 days
08-14
16:10
Analyst call
1 day-0.25 days+0.820 days
08-11
15:39
Analyst call
1 day-1.05 days-1.320 days-8.3
08-11
15:38
Analyst call
1 day-1.05 days-1.320 days-8.3
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · AGM / EGM filings were typically +0.17pt vs the market over the next 5 sessions (n=8,423) · Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
5074424166655054646764818.1%6.0%11.0%9.2%Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 4% against the same quarter a year earlier
  • profit rose 15% year on year

Going against it

  • net margin narrowed from 10.3% to 9.2%
  • revenue rose in 1 of the last 4 quarters
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
48160440.809.2%
Q4 FY26
31 Mar · consolidated
67696701.2610.3%
Q1 FY26
30 Jun · consolidated
46449390.708.3%
Q4 FY25
31 Mar · consolidated
50558410.758.2%
Q3 FY25
31 Dec · consolidated
66599735.2911.0%
Q2 FY25
30 Sep · consolidated
41635251.816.0%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-10.1%
Versus 200-day average-8.7%
Below 52-week high-27.1%
Above 52-week low+4.8%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)34.9
Higher closes in last 52 of 5
Six-month return−3.18%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)3.09%
Volume versus 20-day0.5x
Median daily turnoverRs 4.0 cr

Peers

Consumer Durables · 40 classified companies
REDTAPE trades at 32.7× trailing earnings against an industry median of 42.4× across 35 other classified companies in its industry — cheaper than them, by 23%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
TITAN445,76478.4−1.53%+45.22%239.9
ASIANPAINT239,61849.5−8.83%+0.62%125.9
LGEINDIA111,99761.4+4.51%103.9
DIXON82,48539.6−2.17%−25.34%510.3
HAVELLS70,04042.9−11.78%−29.43%101.5
KALYANKJIL63,53444.3+3.10%+21.76%443.4
BERGEPAINT54,07944.4−17.15%−12.75%13.2
VOLTAS38,32370.8−10.19%−15.82%93.8
BLUESTARCO31,12861.2+1.61%−24.18%62.3
AMBER25,675207.8+4.22%−12.40%129.3
KAJARIACER19,81536.2−0.66%+3.66%18.2
REDTAPE6,36132.7−8.59%−25.70%4.0
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet