Redington Ltd

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

Redington Ltd

₹ 283 0.89%
20 May - close price
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 ₹ 22,097 Cr.
  • Current Price ₹ 283
  • High / Low ₹ 307 / 159
  • Stock P/E 18.8
  • Book Value ₹ 112
  • Dividend Yield 2.19 %
  • ROCE 17.9 %
  • ROE 14.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 37.8%

Cons

  • Earnings include an other income of Rs.854 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

Consolidated Figures in Rs. Crores / View Standalone

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
17,302 16,803 19,051 21,674 21,849 21,187 22,220 23,505 22,433 21,282 24,896 26,716 26,440
16,811 16,341 18,518 21,093 21,305 20,768 21,739 22,988 21,974 20,911 24,437 26,114 25,843
Operating Profit 491 462 532 581 543 419 481 517 459 371 458 602 597
OPM % 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2%
23 25 30 40 46 64 76 45 79 53 57 48 696
Interest 33 37 54 88 92 88 106 85 106 81 84 84 82
Depreciation 37 36 37 39 43 42 44 43 52 51 49 54 63
Profit before tax 444 414 471 494 455 352 408 434 381 292 381 513 1,148
Tax % 20% 21% 17% 21% 28% 27% 24% 20% 15% 26% 26% 21% 20%
356 326 392 393 328 255 312 348 324 217 283 403 918
EPS in Rs 4.45 4.04 4.95 4.86 3.97 3.18 3.88 4.36 4.16 3.15 3.75 5.12 8.51
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
27,945 31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 79,377 89,346 99,334
27,261 30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 77,174 87,337 97,305
Operating Profit 684 717 806 851 846 966 1,092 1,392 1,839 2,203 2,009 2,029
OPM % 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 2% 2%
51 64 34 41 39 -8 44 89 88 142 264 854
Interest 212 182 202 183 197 271 289 205 163 355 517 330
Depreciation 38 43 47 55 57 63 155 148 141 155 181 218
Profit before tax 485 555 590 655 631 623 692 1,128 1,622 1,833 1,575 2,335
Tax % 26% 26% 25% 27% 23% 22% 23% 30% 19% 21% 21% 22%
358 410 444 477 484 484 534 788 1,315 1,439 1,239 1,821
EPS in Rs 4.21 4.84 5.30 5.80 6.02 6.53 6.62 9.74 16.38 17.82 15.59 20.53
Dividend Payout % 11% 20% 20% 37% 20% 18% 32% 60% 40% 40% 40% 33%
Compounded Sales Growth
10 Years: 12%
5 Years: 14%
3 Years: 17%
TTM: 11%
Compounded Profit Growth
10 Years: 12%
5 Years: 18%
3 Years: -3%
TTM: -3%
Stock Price CAGR
10 Years: 16%
5 Years: 45%
3 Years: 25%
1 Year: 33%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,941 2,294 2,869 3,068 3,451 3,828 4,231 4,861 5,629 6,771 7,392 8,565
1,786 1,867 2,349 1,516 1,458 1,307 2,775 622 831 3,321 2,958 2,809
3,500 4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,030 13,880 16,055
Total Liabilities 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 27,584
259 276 498 476 470 454 714 605 700 877 861 862
CWIP 23 13 14 0 20 38 11 1 85 12 6 11
Investments 0 0 0 5 4 7 0 0 0 34 0 0
7,026 8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 22,354 23,520 26,711
Total Assets 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 27,584

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
241 257 -142 1,360 186 1,068 966 3,497 989 -3,234 1,079 293
296 10 12 -86 -25 -94 54 -610 -167 243 37 560
-523 -225 202 -1,131 -199 -651 443 -2,241 -476 1,529 -1,381 -1,171
Net Cash Flow 14 42 71 144 -38 324 1,463 646 346 -1,462 -264 -319

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 51 55 45 53 49 50 44 51 55 57 64
Inventory Days 32 35 41 32 29 32 28 20 27 35 29 24
Days Payable 38 40 46 42 44 49 47 50 63 54 51 52
Cash Conversion Cycle 45 46 50 35 38 32 30 14 15 36 34 36
Working Capital Days 40 40 46 33 37 32 30 11 14 35 33 35
ROCE % 18% 17% 16% 16% 16% 18% 15% 20% 28% 25% 19% 18%

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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