{"id":340589,"date":"2026-11-05T13:36:30","date_gmt":"2026-11-05T08:06:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=340589"},"modified":"2026-11-05T13:36:30","modified_gmt":"2026-11-05T08:06:30","slug":"redtape-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/","title":{"rendered":"Redtape Share Price Target 2027: Rs 124 Base, Rs 150 Bull and the Risks to Watch"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Redtape share price Rs 108.70 (5 November 2026). Base target Rs 124, bull Rs 150, downside risk Rs 84.9. PE 23.79. 52W range Rs 101.00 to Rs 158.99.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Redtape share price target for 2027 is Rs 124, about 14.1% above the current price of Rs 108.70. The bull case is Rs 150, and the downside risk level, which is not a target, is Rs 84.9. The base case assumes earnings per share grow 16.8% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 23.79. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Redtape target price for 2027 should start with where the stock sits today. At Rs 108.70 on 5 November 2026, it is 31.6% below its 52-week high of Rs 158.99 and 7.6% above its 52-week low of Rs 101.00. That range spans 57% from low to high, so the entry point matters as much as the Redtape price forecast itself.<\/p>\n<p>This article builds the Redtape share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=redtape-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Redtape_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Redtape Stock Analysis: Company Overview and Key Stats\">Redtape Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Why_Is_Redtape_Share_Price_Target_Set_at_Rs_124_for_2027\" title=\"Why Is Redtape Share Price Target Set at Rs 124 for 2027?\">Why Is Redtape Share Price Target Set at Rs 124 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Earnings_Growth_Behind_the_Redtape_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Redtape Target Price: Five Years of Results\">Earnings Growth Behind the Redtape Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Valuation_Check_for_the_Redtape_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Redtape Stock Target: PE, Price to Book and ROE\">Valuation Check for the Redtape Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Redtape_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Redtape Share Price Targets for the Short Term and 12 Months\">Redtape Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Short_Term_Redtape_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Redtape Stock Target Levels: Technical Setup\">Short Term Redtape Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#12_Month_Redtape_Target_Price_for_2027\" title=\"12 Month Redtape Target Price for 2027\">12 Month Redtape Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Redtape_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Redtape Target Price\">How EPS Growth and PE Multiple Change the Redtape Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Redtape_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Redtape Stock Target in 2027\">Bull Case and Downside Risk for Redtape Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Bull_Case_Rs_150\" title=\"Bull Case Rs 150\">Bull Case Rs 150<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Downside_Risk_Level_Rs_849\" title=\"Downside Risk Level Rs 84.9\">Downside Risk Level Rs 84.9<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Key_Risks_to_the_Redtape_Target_Price_for_2027\" title=\"Key Risks to the Redtape Target Price for 2027\">Key Risks to the Redtape Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Redtape_Price_Target\" title=\"Growth Slowdown Risk for the Redtape Price Target\">Growth Slowdown Risk for the Redtape Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#How_to_Invest_in_Redtape\" title=\"How to Invest in Redtape\">How to Invest in Redtape<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#FAQs_on_Redtape_Share_Price_Target_2027\" title=\"FAQs on Redtape Share Price Target 2027\">FAQs on Redtape Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_is_the_Redtape_share_price_target_for_2027\" title=\"What is the Redtape share price target for 2027?\">What is the Redtape share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_is_the_Redtape_share_price_today\" title=\"What is the Redtape share price today?\">What is the Redtape share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Is_Redtape_a_buy_or_sell_at_the_current_price\" title=\"Is Redtape a buy or sell at the current price?\">Is Redtape a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Redtape_shares\" title=\"What are the bull case target and downside risk level for Redtape shares?\">What are the bull case target and downside risk level for Redtape shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_are_the_main_risks_to_the_Redtape_price_target\" title=\"What are the main risks to the Redtape price target?\">What are the main risks to the Redtape price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_is_the_PE_ratio_of_Redtape_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Redtape and how does it compare with the industry?\">What is the PE ratio of Redtape and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#Who_owns_Redtape_and_what_is_the_promoter_holding\" title=\"Who owns Redtape, and what is the promoter holding?\">Who owns Redtape, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/redtape-share-price-target-2027\/#What_were_Redtapes_latest_quarterly_results\" title=\"What were Redtape&#8217;s latest quarterly results?\">What were Redtape&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Redtape_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Redtape Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Redtape (NSE: REDTAPE) has a market capitalisation of Rs 5,865 crore. In FY26 it reported revenue of Rs 2,552 crore and net profit of Rs 240.55 crore. The table collects the figures the Redtape share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/redtape\/redtape-ltd-share-price-today\">Redtape<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>REDTAPE<\/td>\n<\/tr>\n<tr>\n<td>CMP (5 November 2026)<\/td>\n<td>Rs 108.70<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 158.99<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 101.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 5,865 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>23.79<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>63.27<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>5.74<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>23.55%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.70<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 4.46<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.88%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 124<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 150<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 84.9<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Redtape_Share_Price_Target_Set_at_Rs_124_for_2027\"><\/span><strong>Why Is Redtape Share Price Target Set at Rs 124 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The arithmetic is short. Trailing EPS of Rs 4.46 grown for one year gives a forward EPS estimate of Rs 5.21, and multiplying it by the unchanged PE of 23.79 gives the Rs 124 base-case Redtape stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Redtape_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Redtape Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Redtape grew revenue from Rs 303.28 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew more slowly, from Rs 29.04 crore to Rs 240.55 crore (69.6% a year), which points to margin pressure alongside the sales growth.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>303.28<\/td>\n<td>29.04<\/td>\n<td>2.10<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>1,474.83<\/td>\n<td>142.15<\/td>\n<td>10.29<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>1,855.97<\/td>\n<td>176.24<\/td>\n<td>3.19<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>2,171.90<\/td>\n<td>170.00<\/td>\n<td>3.08<\/td>\n<td>2.25<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>2,551.61<\/td>\n<td>240.55<\/td>\n<td>4.35<\/td>\n<td>2.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 17.5%, slower than the four-year average of 70.3%, and net profit moved up 41.5%. EPS rose from Rs 3.19 in FY24 to Rs 4.35 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Redtape converted 9.4% of FY26 revenue into net profit, against 7.8% in FY25, within a five-year range of 7.8% to 9.6%. EBITDA margin was 18.8% in FY26 versus 16.9% in FY25.<\/p>\n<p>In the September 2026 quarter, revenue was Rs 488.99 crore, down 2.6% from the same quarter a year earlier, while net profit of Rs 34.93 crore was up 26.8%. EBITDA came in at Rs 88.95 crore, up 8.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.70, and shareholders&#8217; equity grew from Rs 335.88 crore in FY22 to Rs 1,021 crore in FY26. Operating cash flow in FY26 was Rs 174.01 crore against capital expenditure of Rs 85.92 crore, leaving free cash flow of Rs 88.09 crore, or 1.5% of the current market capitalisation. In FY25 free cash flow was negative at Rs 108.90 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Redtape_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Redtape Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 23.79 against an industry PE of 63.27, Redtape trades at a discount to its industry. Price to book is 5.74 on a book value of Rs 18.48 per share, and return on equity is 23.55%. A PE of 23.79 equals an earnings yield of 4.2%, and the FY26 dividend of Rs 2.00 per share gives a yield of 1.88%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 71.83% of Redtape in September 2026, and promoter holding has stayed near 71.83% since September 2025. Foreign institutional investors (FII) held 3.02% and domestic institutions (DII) held 11.84%, which puts total institutional holding at 14.86%. FII holding fell from 3.84% in September 2025 to 3.02% in September 2026. Public shareholders own the remaining 13.31%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Redtape_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Redtape Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Redtape_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Redtape Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 108.70 on 5 November 2026, Redtape trades below its 50-day simple moving average of Rs 114.80 and below its 200-day exponential moving average of Rs 124.64. The 14-day RSI reads 40.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 114.80 (50-day simple moving average) and the nearest support is Rs 101.00 (52-week low). A sustained move above Rs 114.80 would improve the short-term setup, while a close below Rs 101.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Redtape_Target_Price_for_2027\"><\/span><strong>12 Month Redtape Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target of Rs 124 means a move of 14.1% up from Rs 108.70 over the next 12 months. It would still leave the stock 22.0% below its 52-week high of Rs 158.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Redtape_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Redtape Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 19.03<\/th>\n<th>PE 23.79<\/th>\n<th>PE 27.36<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 4.46)<\/td>\n<td>Rs 84.9<\/td>\n<td>Rs 106<\/td>\n<td>Rs 122<\/td>\n<\/tr>\n<tr>\n<td>16.8% (EPS Rs 5.21)<\/td>\n<td>Rs 99.1<\/td>\n<td>Rs 124<\/td>\n<td>Rs 143<\/td>\n<\/tr>\n<tr>\n<td>22.8% (EPS Rs 5.48)<\/td>\n<td>Rs 104<\/td>\n<td>Rs 130<\/td>\n<td>Rs 150<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Redtape price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Redtape_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Redtape Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_150\"><\/span><strong>Bull Case Rs 150<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Redtape price target needs EPS growth of 22.8%, which lifts forward EPS to Rs 5.48, and a PE multiple that rises 15% to 27.36. That gives Rs 150, 38.0% above the current price and below the 52-week high of Rs 158.99.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_849\"><\/span><strong>Downside Risk Level Rs 84.9<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 4.46 and the PE falls 20% to 19.03. That gives Rs 84.9, 21.9% below the current price and below the 52-week low of Rs 101.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>22.8%<\/td>\n<td>27.36<\/td>\n<td>Rs 150<\/td>\n<td>+38.0%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>16.8%<\/td>\n<td>23.79<\/td>\n<td>Rs 124<\/td>\n<td>+14.1%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>19.03<\/td>\n<td>Rs 84.9<\/td>\n<td>-21.9%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Redtape_Target_Price_for_2027\"><\/span><strong>Key Risks to the Redtape Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Redtape_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Redtape Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the September 2026 quarter was down 2.6% year on year, and FY26 revenue growth was 17.5%. A fall in sales would make the EPS growth behind the Redtape stock target harder to reach.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Redtape has a market capitalisation of Rs 5,865 crore. Institutional holding is 14.86%, and promoters hold 71.83%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 9.4% in FY26, so a small slip in costs moves profit noticeably. At a PE of 23.79 versus an industry PE of 63.27, a de-rating toward the downside-risk PE of 19.03 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Technical indicators add short-term risk: the 14-day RSI is 40.9 and the MACD sits above its signal line. A broad fall in the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> or the <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> can override company fundamentals for weeks at a time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Redtape\"><\/span><strong>How to Invest in Redtape<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Redtape share price target is only as current as the data behind it, and the data here is as of 5 November 2026, so refresh the Rs 108.70 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Redtape&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Redtape fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Redtape target price scenarios with your own view. If you expect EPS growth below 16.8%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Redtape live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Redtape share price target for 2027 is Rs 124 in the base case, with Rs 150 as the bull case. The support for that view is arithmetic you can check: EPS grew 16.8% a year over FY24 to FY26, and the stock trades at a PE of 23.79. The risks are equally concrete, including a net margin of just 9.4% that leaves profit sensitive to costs and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Redtape_Share_Price_Target_2027\"><\/span><strong>FAQs on Redtape Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Redtape_share_price_target_for_2027\"><\/span><strong>What is the Redtape share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Redtape share price target for 2027 is Rs 124, which is 14.1% above the price of Rs 108.70 on 5 November 2026. The bull case is Rs 150 and the downside risk level, which is not a target, is Rs 84.9. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Redtape_share_price_today\"><\/span><strong>What is the Redtape share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 5 November 2026, 11:37 AM IST, Redtape (NSE: REDTAPE) trades at Rs 108.70, up 2.57% on the day. That is 31.6% below the 52-week high of Rs 158.99 and 7.6% above the 52-week low of Rs 101.00. The market capitalisation of Rs 5,865 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Redtape_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Redtape a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data points both ways. On the positive side, EPS has grown 16.8% a year over FY24 to FY26 and the base case implies 14.1% upside; on the cautious side, the net margin is a thin 9.4%, and the downside risk level of Rs 84.9 is 22% below the current price. Whether Redtape fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Redtape_shares\"><\/span><strong>What are the bull case target and downside risk level for Redtape shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case in the Redtape share price target for 2027 is Rs 150, which assumes 22.8% EPS growth and a PE of 27.36, a 15% re-rating from today&#8217;s multiple. That is 38.0% above the current price and below the 52-week high of Rs 158.99. The downside risk level is Rs 84.9, which assumes flat EPS and a PE of 19.03, 20% lower than today. It sits 21.9% below the current price and below the 52-week low of Rs 101.00, and it marks a risk to watch, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Redtape_price_target\"><\/span><strong>What are the main risks to the Redtape price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Four risks matter most for the Redtape share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 5,865 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 19.03 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Redtape_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Redtape and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Redtape is 23.79, against an industry PE of 63.27, which is a discount to the industry. Price to book is 5.74 and return on equity is 23.55%, and the PE equals an earnings yield of 4.2%. The base case holds the PE unchanged, so the Redtape share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Redtape_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Redtape, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 71.83% of Redtape in September 2026. FII held 3.02%, DII held 11.84% and the public held 13.31%. Together the two institutional groups hold 14.86%. Shareholding is filed every quarter, so it is worth rechecking after each result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Redtapes_latest_quarterly_results\"><\/span><strong>What were Redtape&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the September 2026 quarter, Redtape reported revenue of Rs 488.99 crore (down 2.6% year on year) and net profit of Rs 34.93 crore (up 26.8%). For comparison, FY26 full-year revenue growth was 17.5% and net profit moved up 41.5%. Each new quarter either supports or weakens the EPS growth of 16.8% assumed in the base case.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Redtape share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Redtape share price target for 2027 is Rs 124, which is 14.1% above the price of Rs 108.70 on 5 November 2026. The bull case is Rs 150 and the downside risk level, which is not a target, is Rs 84.9. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.\"}},{\"@type\":\"Question\",\"name\":\"What is the Redtape share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 5 November 2026, 11:37 AM IST, Redtape (NSE: REDTAPE) trades at Rs 108.70, up 2.57% on the day. That is 31.6% below the 52-week high of Rs 158.99 and 7.6% above the 52-week low of Rs 101.00. The market capitalisation of Rs 5,865 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.\"}},{\"@type\":\"Question\",\"name\":\"Is Redtape a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data points both ways. On the positive side, EPS has grown 16.8% a year over FY24 to FY26 and the base case implies 14.1% upside; on the cautious side, the net margin is a thin 9.4%, and the downside risk level of Rs 84.9 is 22% below the current price. Whether Redtape fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"What are the bull case target and downside risk level for Redtape shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case in the Redtape share price target for 2027 is Rs 150, which assumes 22.8% EPS growth and a PE of 27.36, a 15% re-rating from today's multiple. That is 38.0% above the current price and below the 52-week high of Rs 158.99. The downside risk level is Rs 84.9, which assumes flat EPS and a PE of 19.03, 20% lower than today. It sits 21.9% below the current price and below the 52-week low of Rs 101.00, and it marks a risk to watch, not a target.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks to the Redtape price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Four risks matter most for the Redtape share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 5,865 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 19.03 would cut the price even if earnings hold.\"}},{\"@type\":\"Question\",\"name\":\"What is the PE ratio of Redtape and how does it compare with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE ratio of Redtape is 23.79, against an industry PE of 63.27, which is a discount to the industry. Price to book is 5.74 and return on equity is 23.55%, and the PE equals an earnings yield of 4.2%. The base case holds the PE unchanged, so the Redtape share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.\"}},{\"@type\":\"Question\",\"name\":\"Who owns Redtape, and what is the promoter holding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Promoters held 71.83% of Redtape in September 2026. FII held 3.02%, DII held 11.84% and the public held 13.31%. Together the two institutional groups hold 14.86%. Shareholding is filed every quarter, so it is worth rechecking after each result.\"}},{\"@type\":\"Question\",\"name\":\"What were Redtape's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the September 2026 quarter, Redtape reported revenue of Rs 488.99 crore (down 2.6% year on year) and net profit of Rs 34.93 crore (up 26.8%). 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Each new quarter either supports or weakens the EPS growth of 16.8% assumed in the base case.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Redtape share price target 2027: base Rs 124, bull Rs 150, downside risk level Rs 84.9, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":34,"featured_media":340588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-340589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["340588"],"rank_math_title":["Redtape Share Price Target 2027: 14.1% Upside, Bull Rs 150"],"rank_math_description":["The Redtape share price target for 2027 is Rs 124 against a price of Rs 108.70. See the bull case, downside risk, earnings trend, valuation and key risks. November 2026."],"rank_math_focus_keyword":["Redtape share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/redtape-share-price-target-2027-rs-124-base-rs-150-bull-and-the-risks-to-watch.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=340589"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340589\/revisions"}],"predecessor-version":[{"id":340590,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/340589\/revisions\/340590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/340588"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=340589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=340589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=340589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}