Is Redtape the Best Stock in Its Sector? A Look at the Numbers
- October 6, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Redtape CMP Rs 115 (06 Oct 2026). Market cap Rs 6,302 Cr. ROE 23.55%. P/E 25.56x versus Industry P/E 66.10x.
Quick Answer
Redtape is one of the names investors compare when screening the Retailing sector, built on a 23.55% return on equity and a P/E of 25.56x against an Industry P/E of 66.10x. Whether Redtape is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Retailing sector peers, so you can judge that for yourself.
Is Redtape the best stock in its sector? The stock trades on the NSE at Rs 115 as of 06 October 2026, within its 52-week range of Rs 107.53 to Rs 158.99. Redtape Ltd designs and sells footwear and apparel under the Red Tape brand through its own stores, online platforms and distributors.
Redtape sits in the Retailing sector, and its 23.55% ROE and 25.56x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
Click Here – Get Free Investment Predictions
About Redtape
Redtape Ltd designs and sells footwear and apparel under the Red Tape brand through its own stores, online platforms and distributors. The stock rose about 0.8 percent during this session and is trading about 28 percent below its 52-week high, and the P/E shown reflects the previous close. At a market capitalisation of Rs 6,302 Cr, it is tracked as part of the Retailing sector on Univest.
Is Redtape the Best Stock in Its Sector?
Redtape makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 23.55% ROE with a 25.56x P/E against the sector’s 66.10x Industry P/E. Redtape’s 25.56x P/E is far below the 66.10x Industry P/E despite a strong 23.55% ROE, though the benchmark is skewed by richer names, a 6.17x price to book is not low, and the stock is about 28 percent below its 52-week high.
| Metric | Redtape |
|---|---|
| CMP (NSE) | Rs 114.74 |
| 52-Week High / Low | Rs 158.99 / Rs 107.53 |
| Market Cap | Rs 6,302 Cr |
| P/E (TTM) vs Industry P/E | 25.56x vs 66.10x |
| P/B | 6.17 |
| ROE | 23.55% |
| EPS (TTM) | Rs 4.46 |
| Dividend Yield | 1.75% |
| Debt to Equity | 0.70 |
Compare Redtape Against Other Retailing Sector Stocks
How Redtape Compares Against Its Retailing Sector Peers
The table below sets Redtape against 2 other Retailing sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Redtape | 6,302 | 25.56 | 23.55% | 0.70 |
| Patel Retail | 700 | 16.80 | 10.73% | 0.45 |
| Motisons Jewellers | 2,046 | 30.49 | 12.77% | 0.08 |
| Peer average (2 companies) | – | 23.64 | 11.75% | 0.27 |
Against this peer set, Redtape’s 23.55% ROE is above the 11.75% peer average, and its P/E of 25.56x runs above the peer average of 23.64x. Redtape’s 25.56x P/E is far below the 66.10x Industry P/E despite a strong 23.55% ROE, though the benchmark is skewed by richer names, a 6.17x price to book is not low, and the stock is about 28 percent below its 52-week high.
What Makes Redtape Worth Watching in Retailing
- Strong ROE: A 23.55% ROE is one of the strongest in this batch.
- Well below Industry P/E: A 25.56x P/E against a 66.10x Industry P/E is a wide discount, though that benchmark is skewed by richer retail names.
- Dividend yield: A 1.75% dividend yield adds a modest income component.
Redtape Valuation: Is It Justified?
Redtape’s 25.56x P/E is far below the 66.10x Industry P/E despite a strong 23.55% ROE, though the benchmark is skewed by richer names, a 6.17x price to book is not low, and the stock is about 28 percent below its 52-week high. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Radhika Jeweltech the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Redtape and other Retailing sector stocks.
How to Track Redtape Before You Invest
Before deciding whether Redtape deserves its label as the best stock in its sector for your own portfolio, compare it directly against Retailing sector peers using the steps below.
- Open the Univest Screener and search for Redtape to view live price, valuation ratios, and peer comparisons within the Retailing sector.
- Compare its P/E, P/B, and ROE against other Retailing sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Redtape earns a place in the best stock in its sector conversation on the strength of a 23.55% ROE and a P/E of 25.56x against a 66.10x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Redtape the best stock in its sector?
Ans. Redtape has a 23.55% ROE and trades at 25.56x P/E against a 66.10x Industry P/E, and compares above the peer average ROE of 11.75% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Redtape?
Ans. Redtape was trading at Rs 114.74 on the NSE as of 06 October 2026, within its 52-week range of Rs 107.53 to Rs 158.99.
What sector does Redtape belong to?
Ans. Redtape is classified under the Retailing sector on Univest.
How does Redtape compare to its sector peers on P/E?
Ans. Redtape’s P/E of 25.56x is above the 23.64x average of the 2 named peers compared in this article.
What is Redtape’s return on equity?
Ans. Redtape reported a return on equity of 23.55%, which is above the 11.75% average of its named peers in this comparison.
Should I invest in Redtape based on its sector position?
Ans. Redtape’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
{“@context”: “https://schema.org”, “@type”: “FAQPage”, “mainEntity”: [{“@type”: “Question”, “name”: “Is Redtape the best stock in its sector?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape has a 23.55% ROE and trades at 25.56x P/E against a 66.10x Industry P/E, and compares above the peer average ROE of 11.75% in this article’s named comparison, so the answer depends on what an investor is prioritising.”}}, {“@type”: “Question”, “name”: “What is the current share price of Redtape?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape was trading at Rs 114.74 on the NSE as of 06 October 2026, within its 52-week range of Rs 107.53 to Rs 158.99.”}}, {“@type”: “Question”, “name”: “What sector does Redtape belong to?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape is classified under the Retailing sector on Univest.”}}, {“@type”: “Question”, “name”: “How does Redtape compare to its sector peers on P/E?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape’s P/E of 25.56x is above the 23.64x average of the 2 named peers compared in this article.”}}, {“@type”: “Question”, “name”: “What is Redtape’s return on equity?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape reported a return on equity of 23.55%, which is above the 11.75% average of its named peers in this comparison.”}}, {“@type”: “Question”, “name”: “Should I invest in Redtape based on its sector position?”, “acceptedAnswer”: {“@type”: “Answer”, “text”: “Redtape’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.”}}]}
