Redington Ltd

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

Redington Ltd

₹ 169 2.86%
29 Mar - close price
redingtongroup.com/india/overview BSE: 532805 NSE : REDINGTON
About

Established in the year 1993, Redington India Limited have evolved from very humble beginnings of one brand, one product category into a major player in distribution and supply chain solutions with 235+ International brands in IT and Mobility spaces serving 37 emerging markets.[1]

Key Points

Leading distributor of technology
Redington is a leading distributor of products and integrated supply chain solution provider in the field of technology and communications in India as well as across the globe. Being the second largest distributor of IT products in India, it is a premier distributor of products for 200 + global technology vendors. It also leverage its presence in the field of Repairs and maintenance of technology products & Infrastructure. [1] [2]

Website BSE NSE
  • Market Cap ₹ 13,272 Cr.
  • Current Price ₹ 169
  • High / Low ₹ 202 / 109
  • Stock P/E 9.28
  • Book Value ₹ 79.6
  • Dividend Yield 3.90 %
  • ROCE 29.3 %
  • ROE 23.8 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Stock is providing a good dividend yield of 3.90%.
  • Company has delivered good profit growth of 22.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 44.1%
  • Company's working capital requirements have reduced from 18.3 days to 14.0 days

Cons

  • The company has delivered a poor sales growth of 8.79% over past five years.

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
14,784 12,667 10,697 13,764 16,981 15,504 13,454 15,287 16,601 17,302 16,803 19,051 21,674
14,486 12,423 10,492 13,475 16,557 15,079 13,110 14,856 16,075 16,811 16,341 18,518 21,093
Operating Profit 298 244 205 289 424 425 344 432 525 491 462 532 581
OPM % 2% 2% 2% 2% 2% 3% 3% 3% 3% 3% 3% 3% 3%
11 7 25 22 16 26 20 26 19 23 25 30 40
Interest 44 47 60 35 31 30 28 31 24 33 37 54 88
Depreciation 37 38 40 35 37 36 35 36 34 37 36 37 39
Profit before tax 228 166 131 241 372 385 301 391 487 444 414 471 494
Tax % 28% 24% 24% 24% 45% 21% 21% 17% 18% 20% 21% 17% 21%
Net Profit 164 127 99 184 204 303 239 323 397 356 326 392 393
EPS in Rs 2.00 1.53 1.14 2.29 2.46 3.89 3.03 3.93 4.97 4.45 4.04 4.95 4.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
16,704 21,162 24,165 27,945 31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 74,830
16,230 20,540 23,511 27,261 30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 72,764
Operating Profit 474 621 653 684 717 806 851 846 966 1,092 1,392 1,839 2,066
OPM % 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3%
19 29 46 51 64 34 41 39 -8 44 89 88 118
Interest 118 169 199 212 182 202 183 197 271 289 205 163 213
Depreciation 25 31 38 38 43 47 55 57 63 155 148 141 149
Profit before tax 351 450 462 485 555 590 655 631 623 692 1,128 1,622 1,822
Tax % 25% 25% 25% 26% 26% 25% 27% 23% 22% 23% 30% 19%
Net Profit 265 339 347 358 410 444 477 484 484 534 788 1,315 1,467
EPS in Rs 2.85 3.67 4.05 4.21 4.84 5.30 5.80 6.02 6.53 6.62 9.74 16.38 18.30
Dividend Payout % 19% 5% 5% 11% 20% 20% 37% 20% 18% 32% 60% 40%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 10%
TTM: 23%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 34%
TTM: 16%
Stock Price CAGR
10 Years: 15%
5 Years: 18%
3 Years: 76%
1 Year: 22%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
79 80 80 80 80 80 80 80 78 78 78 156 156
Reserves 1,176 1,243 1,561 1,941 2,294 2,869 3,068 3,451 3,828 4,231 4,861 5,629 6,064
1,590 2,060 2,150 1,786 1,867 2,349 1,516 1,458 1,307 2,775 622 831 1,897
2,224 2,128 2,733 3,500 4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,265
Total Liabilities 5,069 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 21,382
212 235 350 259 276 498 476 470 454 714 605 700 833
CWIP 1 9 15 23 13 14 0 20 38 11 1 85 33
Investments 0 0 0 0 0 0 5 4 7 0 0 0 0
4,856 5,267 6,158 7,026 8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 20,517
Total Assets 5,069 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 21,382

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-71 258 288 241 257 -142 1,360 186 1,068 966 3,497 989
-243 -745 76 296 10 12 -86 -25 -94 54 -610 -167
198 282 -160 -523 -225 202 -1,131 -199 -651 443 -2,241 -476
Net Cash Flow -116 -205 203 14 42 71 144 -38 324 1,463 646 346

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 41 38 46 51 51 55 45 53 49 50 44 51
Inventory Days 37 31 31 32 35 41 32 29 32 28 20 27
Days Payable 34 29 33 38 40 46 42 44 49 47 50 63
Cash Conversion Cycle 43 40 44 45 46 50 35 38 32 30 14 15
Working Capital Days 54 47 44 40 40 46 33 37 32 30 11 14
ROCE % 18% 20% 18% 19% 18% 17% 17% 17% 19% 16% 21% 29%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
42.10 41.12 40.86 41.24 42.00 41.22 39.01 40.05 39.40 38.74 37.94 60.78
16.74 16.71 16.64 16.19 15.79 15.93 15.47 16.24 16.14 16.51 16.50 16.66
41.16 42.17 42.50 42.57 42.21 42.85 45.52 43.71 44.46 44.75 45.56 22.56

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls