Redington Ltd

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

Redington Ltd

₹ 221 0.56%
22 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 ₹ 17,281 Cr.
  • Current Price ₹ 221
  • High / Low ₹ 335 / 191
  • Stock P/E 10.8
  • Book Value ₹ 130
  • Dividend Yield 3.08 %
  • ROCE 17.5 %
  • ROE 16.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 34.8%

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

Services Services Commercial Services & Supplies Trading & Distributors

Part of BSE 500 Nifty 500 Nifty500 Shariah Nifty Smallcap 100 Nifty Dividend Opportunities 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
21,849 21,187 22,220 23,505 22,433 21,282 24,896 26,716 26,440 25,952 29,076 30,922 33,213
21,305 20,768 21,739 22,988 21,974 20,911 24,437 26,114 25,843 25,552 28,487 30,296 32,599
Operating Profit 543 419 481 517 459 371 458 602 597 400 589 626 614
OPM % 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
46 64 76 45 79 53 57 48 696 50 43 37 -97
Interest 92 88 106 85 106 81 84 84 82 92 116 79 72
Depreciation 43 42 44 43 52 51 49 54 63 54 55 47 50
Profit before tax 455 352 408 434 381 292 381 513 1,148 304 460 538 395
Tax % 28% 27% 24% 20% 15% 26% 26% 21% 20% 23% 24% 23% 27%
328 255 312 348 324 217 283 403 918 233 350 413 288
EPS in Rs 3.97 3.18 3.88 4.36 4.16 3.15 3.75 5.12 8.51 3.52 4.96 5.57 5.01
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 79,377 89,346 99,334 119,162
30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 77,174 87,337 97,179 116,933
Operating Profit 717 806 851 846 966 1,092 1,392 1,839 2,203 2,009 2,154 2,229
OPM % 2% 2% 2% 2% 2% 2% 2% 3% 3% 2% 2% 2%
64 34 41 39 -8 44 89 88 142 264 854 33
Interest 182 202 183 197 271 289 205 163 355 517 456 359
Depreciation 43 47 55 57 63 155 148 141 155 181 218 206
Profit before tax 555 590 655 631 623 692 1,128 1,622 1,833 1,575 2,335 1,697
Tax % 26% 25% 27% 23% 22% 23% 30% 19% 21% 21% 22% 24%
410 444 477 484 484 534 788 1,315 1,439 1,239 1,821 1,284
EPS in Rs 4.84 5.30 5.80 6.02 6.53 6.62 9.74 16.38 17.82 15.59 20.53 19.06
Dividend Payout % 20% 20% 37% 20% 18% 32% 60% 40% 40% 40% 33% 31%
Compounded Sales Growth
10 Years: 13%
5 Years: 16%
3 Years: 15%
TTM: 20%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 5%
TTM: 36%
Stock Price CAGR
10 Years: 14%
5 Years: 20%
3 Years: 9%
1 Year: -19%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 16%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 80 80 80 80 78 78 78 156 156 156 156 156
Reserves 2,294 2,869 3,068 3,451 3,828 4,231 4,861 5,629 6,771 7,392 8,565 10,004
1,867 2,349 1,516 1,458 1,307 2,775 622 831 3,321 2,958 2,809 2,842
4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,030 13,880 16,043 20,837
Total Liabilities 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 27,573 33,839
276 498 476 470 454 714 605 700 877 861 858 675
CWIP 13 14 0 20 38 11 1 85 12 6 15 67
Investments 0 0 5 4 7 0 0 0 34 0 0 0
8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 22,354 23,520 26,699 33,097
Total Assets 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,387 27,573 33,839

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
257 -142 1,360 186 1,068 966 3,497 989 -3,234 1,079 293 231
10 12 -86 -25 -94 54 -610 -167 243 37 547 -10
-225 202 -1,131 -199 -651 443 -2,241 -476 1,529 -1,381 -1,171 -999
Net Cash Flow 42 71 144 -38 324 1,463 646 346 -1,462 -264 -332 -779
Free Cash Flow 224 -185 1,309 152 995 885 3,459 870 -3,382 1,016 138 125
CFO/OP 51% 5% 180% 40% 131% 100% 270% 69% -132% 74% 38% 33%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 51 55 45 53 49 50 44 51 55 57 64 66
Inventory Days 35 41 32 29 32 28 20 27 35 29 24 26
Days Payable 40 46 42 44 49 47 50 63 54 51 52 58
Cash Conversion Cycle 46 50 35 38 32 30 14 15 36 34 36 34
Working Capital Days 23 23 20 24 22 11 8 10 21 22 25 26
ROCE % 17% 16% 16% 16% 18% 15% 20% 28% 25% 19% 19% 17%

Insights

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Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Brands Distributed
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Number of Channel Partners
Count
Inventory Provisioning (% of sale)
%
Number of Global Warehouses
Count
Number of Sales Offices
Count
Receivables (AR) Provisioning (% of sale)
%
Global Working Capital Days
Days

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.22% 56.26% 56.99% 58.09% 57.87% 58.07% 58.53% 60.57% 62.58% 61.81% 61.94% 61.49%
17.40% 17.38% 17.92% 18.57% 18.14% 18.08% 18.64% 17.87% 16.65% 16.97% 17.28% 17.12%
0.03% 0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.05% 0.06% 0.05% 0.05% 0.06%
23.36% 26.34% 25.05% 23.29% 23.99% 23.84% 22.82% 21.50% 20.71% 21.17% 20.73% 21.33%
No. of Shareholders 2,41,8852,59,1722,38,8062,27,4232,18,6582,21,7612,18,9282,23,9382,19,7402,50,9552,42,9362,53,694

* 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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