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Redtape Share Price Target 2024, 2025, 2026 to 2039 With Charts
Redtape Limited | |||
 | Symbol: REDTAPE | ||
| Price: ₹806.79 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Footwear & Accessories | |||
Show Table of Contents
Table of Contents
- 1: Redtape Brief Company Overview
- 1.1: Redtape: A Footwear and Clothing Powerhouse
- 1.2: Redtape Financial Performance
- 1.2.1: Is Redtape A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Redtape Share Price Target For 2024
- 2.1.1: Redtape Share Price Target Table For 2024
- 2.1.2: Summary: Redtape Share Price Prediction For 2024
- 2.2: Redtape Share Price Target For 2025
- 2.2.1: Redtape Share Price Target Table For 2025
- 2.2.2: Summary: Redtape Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Redtape Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Redtape Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Redtape Past Performance
Redtape Brief Company Overview
Redtape: A Footwear and Clothing Powerhouse
Established in 1996, Redtape Limited is an Indian manufacturing and retail giant. Their extensive product range spans footwear, clothing, and accessories for men, women, and kids.
- Footwear: Sandals, slippers, casuals, shoes, sports shoes, boots, sliders, flip flops
- Clothing: T-shirts, shirts, sweaters, sweatshirts/hoodies, jackets, jeans, trousers, jeggings, pants, active T-shirts, shorts, trackpants/joggers
- Accessories: Tops/tunics, jackets, kurtas, tights/leggings, trackpants/joggers, caps, belts, socks, wallets, gift cards
Redtape operates retail stores and online channels, with its products sold under various brands: RedTape, RedTape Athleisure, Mode By RedTape, and Bond Street by RedTape.
As a subsidiary of Mirza International Limited, Redtape has cemented its reputation as a leading player in the footwear and clothing industry. Their commitment to quality and diversity has made them a trusted choice for consumers worldwide.
Redtape Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 10,200.68 Crore | Market valuation of Redtape's shares. |
| Revenue (TTM) | 1,714.84 Crore | Total revenue generated by Redtape over the past twelve months. |
| Net Income (TTM) | +169.83 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 14.28% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 9.9% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +29.29% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +14.09% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 84.9 | Company's total debt divided by total shareholder equity. |
| Total Debt | 470.81 Crore | Sum of Redtape's current & long-term financial obligations. |
| Total Cash | 25.47 Crore | Total amount of liquid funds available to Redtape. |
Is Redtape A Good Buy For Long Term?
Redtape, with a market cap of 9,873.84 Crore, has shown a revenue growth of 29.29% in the previous quarter and an earnings growth of 14.09% compared to the same quarter last year. Its profit margin remains at a healthy 9.9%. While short-term returns are positive, the low long-term returns along with debt of 470.81 Crore, make it not a good buy for the long term.
To predict the Redtape's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Redtape Share Price Target For 2024
The line chart displays the monthly closing prices of Redtape with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Redtape shares in 2024, see the table below.
Redtape Share Price Target Table For 2024
| Redtape's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 827.81 (+2.6%) | Fibonacci Extension Level 123.6% |
| 2024 Target 2 | 819.02 (+1.51%) | Custom Fibonacci Extension Lvl 64.9% |
| 2024 Target 1 | 810.22 (+0.42%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 806.79 | Redtape's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 803.66 (-0.39%) | Price Action: Chart |
| Stop Loss 2 | 795.50 (-1.4%) | Fibonacci Retracement Extended 28.2% |
| Stop Loss 3 | 783.91 (-2.84%) | Fibonacci Retracement Extended 82.6% |
Summary: Redtape Share Price Prediction For 2024
In summary, Redtape has surged by ₹336.79, achieving a notable +71.66% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Redtape for 2024 predicts an additional rise of 0.42% to 2.6% by the end of 2024 with three potential targets T1: 810.22, T2: 819.02, T3: 827.81. Stop Loss at SL1: 803.66, SL2: 795.50, SL3: 783.91.
Redtape has a 52-week high of ₹980.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹437.04, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Redtape.
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Redtape Share Price Target For 2025
The line chart displays the monthly closing prices of Redtape with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Redtape shares in 2025, see the table below.
Redtape Share Price Target Table For 2025
| Redtape's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1191.36 (+47.66%) | Price Action: Chart |
| 2025 Target 2 | 1169.15 (+44.91%) | Price Action: Chart |
| 2025 Target 1 | 1157.57 (+43.47%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 806.79 | Redtape's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 722.00 (-10.51%) | Price Action: Jul 2024 Low |
| Stop Loss 2 | 713.86 (-11.52%) | Technical Indicator: MA200 |
| Stop Loss 3 | 701.01 (-13.12%) | Price Action: Chart |
Summary: Redtape Share Price Prediction For 2025
In summary, Redtape has surged by ₹336.79, achieving a notable +71.66% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Redtape for 2025 predicts an additional rise of 43.47% to 47.66% by the end of 2025 with three potential targets T1: 1157.57, T2: 1169.15, T3: 1191.36. Stop Loss at SL1: 722.00, SL2: 713.86, SL3: 701.01.
Redtape has a All-Time high of ₹980.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹437.04, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Redtape, we have created a specific page for that check here: Redtape Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Redtape Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Redtape share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 14.27% over the next 15 years.
For complete year by year Redtape long term share price target from 2024, 2025 to 2039 check the below table.
Redtape Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Redtape Target | YoY Change % |
|---|---|---|
| 2024 | ₹806.79 | [Current Price] |
| 2024 | ₹944.11 | 17.02% |
| 2025 | ₹1,303.74 | 38.09% |
| 2026 | ₹1,606.87 | 23.25% |
| 2027 | ₹2,005.13 | 24.78% |
| 2028 | ₹2,421.96 | 20.78% |
| 2029 | ₹2,718.99 | 12.26% |
| 2030 | ₹3,084.96 | 13.45% |
| 2031 | ₹3,331.1 | 7.97% |
| 2032 | ₹3,776.55 | 13.37% |
| 2033 | ₹4,240.35 | 12.28% |
| 2034 | ₹4,493.85 | 5.97% |
| 2035 | ₹4,866.18 | 8.28% |
| 2036 | ₹5,055.33 | 3.88% |
| 2037 | ₹5,547.97 | 9.74% |
| 2038 | ₹6,058.75 | 9.2% |
| 2039 | ₹6,113.62 | 0.9% |
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Redtape Past Performance
- In 2023, Redtape opening price was ₹480
- As of Thu 21 Nov 2024 the price stands at ₹806.79.
- This represents a Compound Annual Growth Rate (CAGR) of 29.65%.
- In 1 year, an investment of 10,000 would have become ₹16,808.12.
As we wrap up, we hope you like our study on Redtape share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
