Redington Ltd

Redington Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Redington Ltd

₹ 274 -0.35%
23 May 9:33 a.m.
redingtongroup.com BSE: 532805 NSE: REDINGTON
About

Established in the year 1993, Redington Limited is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, the Middle East, Turkey and Africa.[1]

Key Points

Leading distributor of technology[1]
Company procures IT and mobility products from vendors, handles distribution logistics, sells them to resellers and dealers. The company has periodically added new products to its portfolio and continues to provide ancillary services like after-sales, third-party logistics through the subsidiary companies. Currently, Company has three automated distribution centres (ADCs)—in Chennai, and Kolkata in India, and Dubai.

Website BSE NSE
  • Market Cap ₹ 21,405 Cr.
  • Current Price ₹ 274
  • High / Low ₹ 307 / 159
  • Stock P/E 14.8
  • Book Value ₹ 58.7
  • Dividend Yield 2.27 %
  • ROCE 32.6 %
  • ROE 35.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.5%
  • Company has been maintaining a healthy dividend payout of 44.7%

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.741 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
7,779 7,612 8,580 9,438 9,712 9,705 9,928 11,104 10,490 10,302 12,385 13,095 13,121
7,617 7,405 8,350 9,225 9,502 9,465 9,666 10,854 10,237 10,050 12,108 12,796 12,816
Operating Profit 162 207 230 213 210 240 262 250 254 252 277 298 305
OPM % 2% 3% 3% 2% 2% 2% 3% 2% 2% 2% 2% 2% 2%
12 5 499 10 7 54 423 16 21 8 445 272 16
Interest 1 3 11 25 38 40 44 47 48 40 32 31 29
Depreciation 6 6 7 7 7 8 9 10 10 10 9 9 15
Profit before tax 166 203 712 190 172 245 632 209 217 210 682 531 276
Tax % 26% 26% 8% 26% 27% 21% 9% 27% 26% 26% 9% 13% 24%
123 150 656 141 125 194 573 154 161 156 618 461 209
EPS in Rs 1.58 1.92 8.39 1.81 1.60 2.48 7.33 1.96 2.05 1.99 7.91 5.89 2.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
11,262 12,021 12,638 15,759 14,844 16,851 18,633 22,721 27,019 35,341 41,228 48,902
10,967 11,717 12,292 15,395 14,504 16,529 18,236 22,250 26,361 34,477 40,211 47,770
Operating Profit 296 304 346 364 341 323 396 471 658 864 1,017 1,132
OPM % 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2%
114 49 36 46 46 58 374 71 488 521 513 741
Interest 83 70 86 86 101 143 118 46 11 82 190 132
Depreciation 11 11 10 12 14 12 26 28 30 26 36 43
Profit before tax 315 273 285 313 271 226 626 468 1,104 1,276 1,303 1,698
Tax % 24% 33% 34% 33% 32% 33% 22% 44% 15% 16% 17% 15%
240 182 189 208 184 152 490 263 935 1,072 1,081 1,444
EPS in Rs 3.00 2.28 2.36 2.61 2.30 1.96 6.29 3.38 11.97 13.71 13.83 18.47
Dividend Payout % 15% 42% 44% 83% 52% 61% 34% 171% 55% 52% 45% 37%
Compounded Sales Growth
10 Years: 15%
5 Years: 21%
3 Years: 22%
TTM: 19%
Compounded Profit Growth
10 Years: 24%
5 Years: 24%
3 Years: 16%
TTM: 39%
Stock Price CAGR
10 Years: 16%
5 Years: 44%
3 Years: 26%
1 Year: 32%
Return on Equity
10 Years: 26%
5 Years: 33%
3 Years: 35%
Last Year: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 80 80 80 80 80 78 78 78 156 156 156 156
Reserves 1,187 1,281 1,458 1,530 1,609 1,526 1,724 1,990 2,393 2,950 3,468 4,430
357 284 478 707 766 831 1,200 22 21 1,652 1,603 1,416
1,407 1,387 1,891 2,216 1,993 2,772 2,712 3,171 5,297 5,017 5,546 7,030
Total Liabilities 3,031 3,031 3,907 4,533 4,449 5,206 5,714 5,261 7,867 9,776 10,773 13,033
94 96 91 97 92 85 140 120 106 172 178 182
CWIP 4 4 14 0 15 33 0 0 85 10 4 8
Investments 484 546 594 603 605 638 645 640 668 750 750 750
2,449 2,385 3,208 3,832 3,737 4,450 4,929 4,501 7,008 8,844 9,840 12,092
Total Assets 3,031 3,031 3,907 4,533 4,449 5,206 5,714 5,261 7,867 9,776 10,773 13,033

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
44 195 29 96 142 323 240 870 670 -2,087 272 94
262 -70 -54 -20 61 -28 349 33 367 351 471 684
-362 -194 48 -88 -90 -296 -88 -1,217 -468 1,048 -791 -835
Net Cash Flow -55 -69 24 -12 113 -1 501 -314 570 -688 -48 -56

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 40 38 42 46 55 52 55 45 52 58 59 62
Inventory Days 29 27 45 38 28 35 23 18 26 27 23 22
Days Payable 39 35 51 48 43 54 47 46 68 48 47 51
Cash Conversion Cycle 30 31 37 36 40 32 31 17 10 37 35 34
Working Capital Days 28 28 34 34 37 30 27 14 9 36 35 35
ROCE % 20% 20% 20% 18% 16% 15% 27% 20% 48% 37% 29% 33%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
38.74% 37.94% 60.78% 60.50% 59.22% 56.26% 56.99% 58.09% 57.87% 58.07% 58.53% 60.57%
16.51% 16.50% 16.66% 16.68% 17.40% 17.38% 17.92% 18.57% 18.14% 18.08% 18.64% 17.87%
0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.05%
44.75% 45.56% 22.56% 22.82% 23.36% 26.34% 25.05% 23.29% 23.99% 23.84% 22.82% 21.50%
No. of Shareholders 2,55,9312,66,3662,54,1172,52,3362,41,8852,59,1722,38,8062,27,4232,18,6582,21,7612,18,9282,23,938

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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