If you are searching for the best retail stock to invest in in recent times then you should know about Redtape Ltd. In this post, I will explain Redtape Ltd share price target from 2024 to 2030 based on its financial performance and recent trends.
To write this article we took expert advice and analyzed a lot of websites to collect the right information about Redtape Ltd. In this post, you can understand Redtape’s financial condition, plans, shareholding patterns, and major ratio analysis.
About Redtape Ltd.
Redtape Ltd is a retail sector company that was incorporated in 1996. The headquarters of Redtape Ltd is located at Gautam Buddha Nagar, Uttar Pradesh.
Products and services of Redtape Ltd.
Redtape Ltd is a trusted clothing and accessories provider in India Radtape offers a wide range of products like shoes, and clothes for kids, men, and women worldwide. The company operates in more than 18 countries worldwide and has 423 showrooms in India.
Fundamentals of Redtape Ltd.
| Market Cap | 11,106.60 Cr. |
| P/E Ratio | 71.75 |
| P/B Ratio | 16.76 |
| Dividend Yield | 0 % |
| Book Value (TTM) | 47.95 |
| Cash | 8.21 Cr. |
| Debt | 160.56 Cr. |
| EPS (TTM) | 11.20 |
| Sales Growth | 25.57% |
| ROE | 30.92% |
| ROCE | 39.39% |
| Profit Growth | 24.79% |
Fundamentals Analysis of Redtape Ltd.
Before investing we need to understand Redtape Ltd’s major ratios like PE ratio, return on assets, current ratio, and return on equity, etc. Because it gives us financial condition details of Redtape Ltd, So in this section, I will discuss the financial performance of Redtape Ltd and its future Share Price predictions based on the ratios analyzed below.
PE Ratio
The PE Ratio of Redtape Ltd is 12.09 compared to its sector PE is 44.61, which shows that Redtape is overvalued compared to sector value.
EPS
The Earnings per share of Redtape Ltd is 11.20, which is decent.
Revenue
The total income increased by 25.9% from 1,46,533 lakhs in 2023 to 1,84,464 lakhs in 2024.
Net Profit
The net Profit after tax rose by 17,624 lakh from 14,215 compared to the previous year, showing strong earnings growth.
Total Assets
The total assets increased by 43,847 to 60,453 compared to the previous year.
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Technical Analysis of Redtape Ltd.
In the recent market the sock has shown an uptrend over the past year, increasing by 65%, so recent price action indicates that now the stock is ready to break its all-time high. If the Redtape holds this level then it will continue its uptrend.
Share Holding Pattern of Redtape Ltd.
Promoters: from 71.76 to 71.79%
Public: 16.15%
FII (Foreign Institutional Investors): 3.14%
DII (Domestic Institutional Investors):8.92%
Promoters Holding
Promoter shareholding in the company is 71.79%, a slight increase of 0.03% indicates that promoters have a significant level of control over the company and believe in the company’s future growth.
FII & DII Holding
FII & DII hold 3.14% and 8.92% respectively in the company, which indicates that the company has the ability to attract international investors as well as domestic investors.
Public Holding
Public holding in the company is around 16.15% which indicates some level of diversification and liquidity in the market.
Redtape Ltd Share Price Target from 2024 to 2030
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2024 | 800 | 925 |
| 2025 | 980 | 1100 |
| 2026 | 1127 | 1320 |
| 2027 | 1295 | 1584 |
| 2028 | 1484 | 1900 |
| 2029 | 1706 | 2280 |
| 2030 | 1961 | 2736 |
Redtape Ltd Share Price Target 2024
In this volatile market, the stock gives massive returns to its investors by increasing 15% in the last month, and we are expecting that stock will continue its trend. so by analysis of its recent trends experts believe that Redtape Ltd’s Share Price Target for 2024 is projected at a minimum of 800 and a maximum of 925.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2024 | 243 | 925 |
Redtape Ltd Share Price Target 2025
If Redtape maintains its sales growth of 25.57% and profit growth of 24.79%, its fundamentals will remain strong. The stock has shown consistent uptrend movement, If the trend continues, with strong fundamentals then the bullish phase will continue for the next couple of years so we are projecting that Redtape Ltd’s Share Price Target for 2025 will be a minimum of 980 and a maximum of 1100.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2025 | 980 | 1100 |
Redtape Ltd Share Price Target 2026
The changing fashion styles and trends will create opportunities for the company. So this will boost the company’s performance in the future so we are projecting Redtape Ltd’s Share Price Target for 2026 will be a minimum of 1127 and a maximum of 1320.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2026 | 1127 | 1320 |
Redtape Ltd Share Price Target 2027
By 2027, the stock price of Redtape Ltd Share Price Target could potentially be in the range of a minimum of 1295 and a maximum of 1584, by assuming its stable earning growth, a favorable industry outlook, and positive market sentiment in the future.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2027 | 1295 | 1584 |
Redtape Ltd Share Price Target 2028
Assuming favorable economic conditions and consumer demand in the retail and fashion sectors, Redtape can gain opportunities for future growth, including geographic and product line expansion. So we are projecting Redtape Ltd’s Share Price Target for 2028 will be a minimum of 1484 and a maximum of 1900.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2028 | 1484 | 1900 |
Redtape Ltd Share Price Target 2029
The rising fashion demand and changing taste of fashion will create demand for the company and we are projecting Redtape Ltd’s Share Price Target for 2029 will be a minimum of 1706 and a maximum of 2280.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2029 | 1706 | 2280 |
Redtape Ltd Share Price Target 2030
As per the analysis of research analysts, the global fashion retail market is estimated to grow annually at a CAGR of 7.09% over the forecast period in 2024 to 2032, so we are projecting Redtape Ltd Share Price Target for 2030 will be a minimum of 1961 and a maximum of 2736.
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2030 | 1961 | 2736 |
Final Words
As per our analysis, Redtape is giving the best investment opportunity, with strong financial fundamentals, growth potential, and favorable market sentiments. So investors should conduct their analysis and be prepared for market fluctuations as they pursue long-term gains. The data analysis is based on the company website. This post for you reference and not buy or sale advise.
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FAQs
What is Redtape Ltd Share Price Target 2024?
Redtape Ltd’s Share Price Target for 2024 is projected at a minimum of 800 and a maximum of 925.
What is Redtape Ltd Share Price Target 2025?
Redtape Ltd’s Share Price Target for 2025 will be a minimum of 980 and a maximum of 1100.
What is Redtape Ltd Share Price Target 2030?
Redtape Ltd’s Share Price Target for 2030 will be a minimum of 1961 and a maximum of 2736.
