Redington Ltd

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

Redington Ltd

₹ 214 3.67%
11 Dec 3:59 p.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 the same 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 ₹ 16,727 Cr.
  • Current Price ₹ 214
  • High / Low ₹ 238 / 159
  • Stock P/E 14.4
  • Book Value ₹ 97.3
  • Dividend Yield 2.90 %
  • ROCE 19.5 %
  • ROE 16.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 40.2%

Cons

* 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 250 SmallCap Index Nifty MidSmallcap 400 BSE SmallCap Select Index Nifty Total Market BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
15,287 16,601 17,302 16,803 19,051 21,674 21,849 21,187 22,220 23,505 22,433 21,282 24,896
14,856 16,075 16,811 16,341 18,518 21,093 21,305 20,768 21,739 22,988 21,974 20,911 24,437
Operating Profit 432 525 491 462 532 581 543 419 481 517 459 371 458
OPM % 3% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2%
26 19 23 25 30 40 46 64 76 45 79 53 57
Interest 31 24 33 37 54 88 92 88 106 85 106 81 84
Depreciation 36 34 37 36 37 39 43 42 44 43 52 51 49
Profit before tax 391 487 444 414 471 494 455 352 408 434 381 292 381
Tax % 17% 18% 20% 21% 17% 21% 28% 27% 24% 20% 15% 26% 26%
323 397 356 326 392 393 328 255 312 348 324 217 283
EPS in Rs 3.93 4.97 4.45 4.04 4.95 4.86 3.97 3.18 3.88 4.36 4.16 3.15 3.75
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
24,165 27,945 31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 79,377 89,346 92,116
23,511 27,261 30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 77,174 87,337 90,310
Operating Profit 653 684 717 806 851 846 966 1,092 1,392 1,839 2,203 2,009 1,806
OPM % 3% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 2% 2%
46 51 64 34 41 39 -8 44 89 88 142 264 234
Interest 199 212 182 202 183 197 271 289 205 163 355 517 356
Depreciation 38 38 43 47 55 57 63 155 148 141 155 181 195
Profit before tax 462 485 555 590 655 631 623 692 1,128 1,622 1,833 1,575 1,488
Tax % 25% 26% 26% 25% 27% 23% 22% 23% 30% 19% 21% 21%
347 358 410 444 477 484 484 534 788 1,315 1,439 1,239 1,172
EPS in Rs 4.05 4.21 4.84 5.30 5.80 6.02 6.53 6.62 9.74 16.38 17.82 15.59 15.42
Dividend Payout % 5% 11% 20% 20% 37% 20% 18% 32% 60% 40% 40% 40%
Compounded Sales Growth
10 Years: 12%
5 Years: 14%
3 Years: 16%
TTM: 6%
Compounded Profit Growth
10 Years: 14%
5 Years: 18%
3 Years: 17%
TTM: -6%
Stock Price CAGR
10 Years: 12%
5 Years: 30%
3 Years: 11%
1 Year: 22%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 20%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 80 80 80 80 80 80 78 78 78 156 156 156 156
Reserves 1,561 1,941 2,294 2,869 3,068 3,451 3,828 4,231 4,861 5,629 6,771 7,392 7,449
2,150 1,786 1,867 2,349 1,516 1,458 1,307 2,775 622 831 3,321 2,958 1,724
2,733 3,500 4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,030 13,880 17,179
Total Liabilities 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 26,509
350 259 276 498 476 470 454 714 605 700 877 861 854
CWIP 15 23 13 14 0 20 38 11 1 85 12 6 1
Investments 0 0 0 0 5 4 7 0 0 0 34 0 0
6,158 7,026 8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 22,354 23,520 25,654
Total Assets 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 26,509

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
288 241 257 -142 1,360 186 1,068 966 3,497 989 -3,234 1,079
76 296 10 12 -86 -25 -94 54 -610 -167 243 37
-160 -523 -225 202 -1,131 -199 -651 443 -2,241 -476 1,529 -1,381
Net Cash Flow 203 14 42 71 144 -38 324 1,463 646 346 -1,462 -264

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 51 51 55 45 53 49 50 44 51 55 57
Inventory Days 31 32 35 41 32 29 32 28 20 27 35 29
Days Payable 33 38 40 46 42 44 49 47 50 63 54 51
Cash Conversion Cycle 44 45 46 50 35 38 32 30 14 15 36 34
Working Capital Days 44 40 40 46 33 37 32 30 11 14 35 33
ROCE % 18% 18% 17% 16% 16% 16% 18% 15% 20% 28% 25% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.05% 39.40% 38.74% 37.94% 60.78% 60.50% 59.22% 56.26% 56.99% 58.09% 57.87% 58.07%
16.24% 16.14% 16.51% 16.50% 16.66% 16.68% 17.40% 17.38% 17.92% 18.57% 18.14% 18.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00%
43.71% 44.46% 44.75% 45.56% 22.56% 22.82% 23.36% 26.34% 25.05% 23.29% 23.99% 23.84%
No. of Shareholders 2,04,0172,42,6152,55,9312,66,3662,54,1172,52,3362,41,8852,59,1722,38,8062,27,4232,18,6582,21,761

* 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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