Redington Ltd

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

Redington Ltd

₹ 223 -0.45%
26 Apr - close price
redingtongroup.com 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 ₹ 17,402 Cr.
  • Current Price ₹ 223
  • High / Low ₹ 238 / 136
  • Stock P/E 14.5
  • Book Value ₹ 88.2
  • Dividend Yield 3.23 %
  • ROCE 24.9 %
  • ROE 21.9 %
  • Face Value ₹ 2.00
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Pros

  • Stock is providing a good dividend yield of 3.23%.
  • Company has delivered good profit growth of 23.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 46.8%

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16,981 15,504 13,454 15,287 16,601 17,302 16,803 19,051 21,674 21,849 21,187 22,220 23,505
16,557 15,079 13,110 14,856 16,075 16,811 16,341 18,518 21,093 21,305 20,768 21,739 22,988
Operating Profit 424 425 344 432 525 491 462 532 581 543 419 481 517
OPM % 2% 3% 3% 3% 3% 3% 3% 3% 3% 2% 2% 2% 2%
16 26 20 26 19 23 25 30 40 46 64 76 45
Interest 31 30 28 31 24 33 37 54 88 92 88 106 85
Depreciation 37 36 35 36 34 37 36 37 39 43 42 44 43
Profit before tax 372 385 301 391 487 444 414 471 494 455 352 408 434
Tax % 45% 21% 21% 17% 18% 20% 21% 17% 21% 28% 27% 24% 20%
204 303 239 323 397 356 326 392 393 328 255 312 348
EPS in Rs 2.46 3.89 3.03 3.93 4.97 4.45 4.04 4.95 4.86 3.97 3.18 3.88 4.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
21,162 24,165 27,945 31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 79,377 88,761
20,540 23,511 27,261 30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 77,174 86,800
Operating Profit 621 653 684 717 806 851 846 966 1,092 1,392 1,839 2,203 1,961
OPM % 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 2%
29 46 51 64 34 41 39 -8 44 89 88 142 231
Interest 169 199 212 182 202 183 197 271 289 205 163 355 371
Depreciation 31 38 38 43 47 55 57 63 155 148 141 155 172
Profit before tax 450 462 485 555 590 655 631 623 692 1,128 1,622 1,833 1,649
Tax % 25% 25% 26% 26% 25% 27% 23% 22% 23% 30% 19% 21%
339 347 358 410 444 477 484 484 534 788 1,315 1,439 1,243
EPS in Rs 3.67 4.05 4.21 4.84 5.30 5.80 6.02 6.53 6.62 9.74 16.38 17.82 15.39
Dividend Payout % 5% 5% 11% 20% 20% 37% 20% 18% 32% 60% 40% 40%
Compounded Sales Growth
10 Years: 13%
5 Years: 14%
3 Years: 16%
TTM: 19%
Compounded Profit Growth
10 Years: 16%
5 Years: 24%
3 Years: 39%
TTM: -16%
Stock Price CAGR
10 Years: 18%
5 Years: 36%
3 Years: 35%
1 Year: 32%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 21%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 80 80 80 80 80 80 80 78 78 78 156 156 156
Reserves 1,243 1,561 1,941 2,294 2,869 3,068 3,451 3,828 4,231 4,861 5,629 6,771 6,741
2,060 2,150 1,786 1,867 2,349 1,516 1,458 1,307 2,775 622 831 3,321 3,318
2,128 2,733 3,500 4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,030 14,592
Total Liabilities 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,807
235 350 259 276 498 476 470 454 714 605 700 877 868
CWIP 9 15 23 13 14 0 20 38 11 1 85 12 1
Investments 0 0 0 0 0 5 4 7 0 0 0 34 3
5,267 6,158 7,026 8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 22,354 23,936
Total Assets 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,807

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
258 288 241 257 -142 1,360 186 1,068 966 3,497 989 -3,234
-745 76 296 10 12 -86 -25 -94 54 -610 -167 243
282 -160 -523 -225 202 -1,131 -199 -651 443 -2,241 -476 1,529
Net Cash Flow -205 203 14 42 71 144 -38 324 1,463 646 346 -1,462

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38 46 51 51 55 45 53 49 50 44 51 55
Inventory Days 31 31 32 35 41 32 29 32 28 20 27 35
Days Payable 29 33 38 40 46 42 44 49 47 50 63 54
Cash Conversion Cycle 40 44 45 46 50 35 38 32 30 14 15 36
Working Capital Days 47 44 40 40 46 33 37 32 30 11 14 35
ROCE % 19% 18% 18% 17% 16% 16% 16% 18% 15% 20% 28% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.22% 39.01% 40.05% 39.40% 38.74% 37.94% 60.78% 60.50% 59.22% 56.26% 56.99% 58.09%
15.93% 15.47% 16.24% 16.14% 16.51% 16.50% 16.66% 16.68% 17.40% 17.38% 17.92% 18.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.03% 0.03%
42.85% 45.52% 43.71% 44.46% 44.75% 45.56% 22.56% 22.82% 23.36% 26.34% 25.05% 23.29%
No. of Shareholders 62,3131,71,4912,04,0172,42,6152,55,9312,66,3662,54,1172,52,3362,41,8852,59,1722,38,8062,27,423

* 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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