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REDTAPE
PE (Price/Earnings) Ratio

The Current P/E Ratio of REDTAPE is 59.07.

Share Price ₹673.2Jan 30,2025
Market Cap ₹9,303.6 Cr
Earnings-TTM₹157.5 CrTTM-Consolidated Results
Price/Earnings59.07xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of REDTAPE

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of REDTAPE is calculated as :

Current Market Cap [ ₹9,303.6 Cr] as on Jan 30,2025

(/) Earnings [ ₹157.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 59.07x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for REDTAPE , the investors are currently willing to pay 59.07 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of REDTAPE !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of REDTAPE over the last five years.

Historical PE (Price/Earnings) ratio chart of REDTAPE


PE Ratio Performance Analysis for REDTAPE

- REDTAPE 's latest p/e ratio is 59.07x.

- REDTAPE 's p/e ratio for fiscal years ending Mar2024 to Mar2023 averaged 25.78x.

- REDTAPE 's operated at median p/e ratio of 51.55x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, REDTAPE 's p/e ratio peaked in Mar2024 at 51.55x.

- REDTAPE 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does REDTAPE 's P/E Ratio benchmark against top 10 peers in Retailing Industry?

Peer Comparison (Retailing Industry)Earnings-TTM (Cr)PE RatioMarket Cap
REDTAPE 157.4959.079,303.6
AVENUE SUPERMARTS LTD2,719.8085.49232,504.0
TRENT LTD1,676.02116.94195,987.0
METRO BRANDS LTD412.3179.1032,613.5
ADITYA BIRLA FASHION AND RETAIL LTD-812.87-37.2430,267.6
BATA INDIA LTD347.6746.8316,281.9
SHOPPERS STOP LTD32.10197.936,353.7
ELECTRONICS MART INDIA LTD183.3430.565,603.9
ETHOS LTD90.6164.675,859.3
VAIBHAV GLOBAL LTD140.1033.024,626.5
GO FASHION (INDIA) LTD86.6656.094,860.5

Retailing Industry Benchmark (Top 10) PE Analysis vs REDTAPE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -37.24x
Max industry PE 197.93x
Median industry PE 59.07x
Average industry PE 66.59x



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