Is Redtape the Best Stock in Its Sector? A Look at the Numbers

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.

1. Open the Univest Screener and search for Redtape to view live price, valuation ratios, and peer comparisons within the Retailing sector.
2. Compare its P/E, P/B, and ROE against other Retailing sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. 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.

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."}}]}