RedtapeNSE:REDTAPE -1.56%39 Pretax Margin % is 14.26% as of Mar. 2026, which is 10% above its 10-year median of 12.96. GuruFocus rates NSE:REDTAPE with a GF Score™ of 39/100 and a GF Value™ of ₹192.73 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,041 Manufacturing - Apparel & Accessories companies, Redtape ranks better than 85.21% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Redtape's Pre-Tax Income for the
three
months ended in Mar. 2026 was ₹963 Mil. Redtape's Revenue for the
three
months ended in Mar. 2026 was ₹6,755 Mil. Therefore, Redtape's pretax margin for the quarter that ended in Mar. 2026 was 14.26%.
The historical rank and industry rank for Redtape's Pretax Margin % or its related term are showing as below:
NSE:REDTAPE'
s Pretax Margin % Range Over the Past 10 Years
Min: 11.53 Med: 12.96 Max: 13.46
Current: 13.4
NSE:REDTAPE's Pretax Margin % is ranked better than 85.21% of 1041
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.52
vs NSE:REDTAPE: 13.40
Redtape (NSE:REDTAPE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Redtape Pretax Margin % Related Terms
Redtape Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Redtape's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:REDTAPE vs NKE, DECK, ONON: Pretax Margin % Comparison
For the Footwear & Accessories subindustry, Redtape's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Redtape Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Redtape's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Redtape's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Redtape (NSE:REDTAPE) has a Pretax Margin % of 14.26% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Redtape and its competitors. This is 10% above median its historical median of 12.96. Over the past decade, Redtape's Pretax Margin % has ranged from 11.53 to 13.46. According to the industry distribution chart, Redtape ranks #154 out of 1041 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.8%.
Is Redtape's Pretax Margin % too high?
Redtape's current Pretax Margin % of 14.26% is 10% above median its 10-year median of 12.96. Over the past 10 years, this metric has ranged from a low of 11.53 to a high of 13.46. The Manufacturing - Apparel & Accessories industry median Pretax Margin % is 3.52. Redtape's value of 14.26% is 305.1% above this industry median. Based on the distribution chart, Redtape ranks #154 out of 1041 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Redtape has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Redtape's Pretax Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Redtape ranks #154 out of 1041 companies for Pretax Margin %. This places Redtape in the top 15% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.52. Redtape's value of 14.26% is 305.1% above this benchmark. Historically, Redtape's own Pretax Margin % has ranged from 11.53 to 13.46 over the past decade. While the company's 10-year median is 12.96 vs. the industry median of 3.52, Redtape has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.52, based on 1,041 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Redtape's current Pretax Margin % of 14.26% is 305.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Redtape and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Redtape's current Pretax Margin % is 14.26%, which is 10% above median its own 10-year median of 12.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redtape stock overvalued right now?
Based on GuruFocus' analysis, Redtape (NSE:REDTAPE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹192.73, compared to a current price of ₹134.77 — trading 30.1% below its estimated fair value. The current Pretax Margin % is 14.26%, which is 10% above median its 10-year median of 12.96 and 305.1% above the Manufacturing - Apparel & Accessories industry median of 3.52. Redtape's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Redtape (NSE:REDTAPE), the current Pretax Margin % is 14.26% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Redtape (NSE:REDTAPE) Overvalued in 2026?
Based on GuruFocus' analysis, Redtape stock appears to be undervalued.
The current stock price of ₹134.77 is trading 30.1% below its estimated GF Value™ of ₹192.73.
GuruFocus considers Redtape to be Possible Value Trap.
Key valuation signals for NSE:REDTAPE:
Pretax Margin %: 14.26% (10% above median its 10-year median of 12.96)
GF Value™: ₹192.73 vs. price of ₹134.77 (30.1% below fair value)
Industry Position: 305.1% above the Manufacturing - Apparel & Accessories median (#154 of 1041)
No single metric tells the full story. See the NSE:REDTAPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redtape Ltd is based in India, engaged in the business of retail sale of Footwear, Garments & apparel, and allied products, and is also a manufacturer of footwear. The company's brand includes RedTape Athleisure, Mode by RedTape, and Bond Street by RedTape.
39GF Score
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