Redington India Ltd

About [ edit ]

Redington (India) is engaged in the business of distribution of information technology, mobility and other technology products besides supply chain solutions.(Source : 202003-01 Annual Report Page No:126)

  • Market Cap 7,062 Cr.
  • Current Price 182
  • High / Low 203 / 59.1
  • Stock P/E 12.2
  • Book Value 115
  • Dividend Yield 2.37 %
  • ROCE 16.0 %
  • ROE 12.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 23.60%

Cons

  • The company has delivered a poor sales growth of 10.28% over past five years.
  • Company has a low return on equity of 13.95% for last 3 years.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
10,880 10,215 11,109 12,630 12,583 11,675 12,339 14,784 12,667 10,697 13,764 16,981
10,648 10,048 10,921 12,353 12,327 11,442 12,092 14,486 12,423 10,492 13,475 16,557
Operating Profit 232 167 187 277 255 233 248 298 244 205 289 424
OPM % 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Other Income 14 14 24 -60 27 12 14 11 7 25 22 16
Interest 48 44 47 56 57 65 63 44 47 60 35 31
Depreciation 14 15 17 16 15 33 48 37 38 40 35 37
Profit before tax 183 122 147 144 210 147 151 228 166 131 241 372
Tax % 22% 30% 35% 10% 18% 25% 12% 28% 24% 24% 24% 46%
Net Profit 143 89 105 145 169 110 130 156 119 89 176 189
EPS in Rs 3.58 2.22 2.63 3.73 4.34 2.83 3.34 4.01 3.06 2.28 4.52 4.87
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
12,668 13,758 16,704 21,162 24,165 27,945 31,559 35,442 41,115 41,603 46,536 51,465 54,109
12,354 13,412 16,229 20,540 23,511 27,263 30,843 34,637 40,264 40,757 45,574 50,374 52,946
Operating Profit 315 346 474 621 653 682 717 806 851 846 962 1,092 1,162
OPM % 2% 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2%
Other Income 15 20 19 29 46 53 64 34 41 39 -4 45 70
Interest 98 66 118 169 199 212 182 202 183 197 271 289 173
Depreciation 13 23 25 31 38 38 43 47 55 57 63 155 150
Profit before tax 219 276 351 450 462 485 555 590 655 631 623 692 909
Tax % 23% 23% 25% 25% 25% 26% 26% 25% 27% 23% 22% 23%
Net Profit 160 184 226 293 323 337 387 424 464 482 508 515 573
EPS in Rs 4.10 4.69 5.70 7.34 8.09 8.43 9.67 10.59 11.61 12.04 13.05 13.24 14.73
Dividend Payout % 20% 21% 19% 5% 5% 11% 20% 20% 37% 20% 18% 32%
Compounded Sales Growth
10 Years:14%
5 Years:10%
3 Years:8%
TTM:5%
Compounded Profit Growth
10 Years:11%
5 Years:6%
3 Years:4%
TTM:2%
Stock Price CAGR
10 Years:9%
5 Years:11%
3 Years:11%
1 Year:66%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:14%
Last Year:13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
78 79 79 80 80 80 80 80 80 80 78 78 78
Reserves 924 997 1,176 1,243 1,561 1,941 2,294 2,869 3,068 3,451 3,828 4,231 4,409
Borrowings 983 1,149 1,590 2,060 2,150 1,786 1,867 2,349 1,516 1,458 1,307 2,775 1,013
1,036 1,410 2,224 2,128 2,733 3,500 4,135 5,226 5,486 5,875 7,206 7,568 7,965
Total Liabilities 3,021 3,634 5,069 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 13,465
76 85 212 235 350 259 276 498 476 470 454 714 666
CWIP 12 12 1 9 15 23 13 14 0 20 38 11 0
Investments -0 -0 -0 0 -0 -0 -0 -0 5 4 7 -0 -0
2,933 3,537 4,856 5,267 6,158 7,026 8,086 10,013 9,669 10,369 11,920 13,925 12,799
Total Assets 3,021 3,634 5,069 5,511 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 13,465

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-100 11 -71 258 288 241 257 -142 1,360 186 1,068 966
91 -115 -243 -745 76 296 10 12 -86 -25 -94 54
428 84 198 282 -160 -523 -225 202 -1,131 -199 -651 443
Net Cash Flow 419 -20 -116 -205 203 14 42 71 144 -38 324 1,463

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 16% 18% 20% 18% 19% 18% 17% 17% 17% 19% 16%
Debtor Days 40 48 41 38 46 51 51 55 45 53 49 50
Inventory Turnover 16.03 14.79 12.29 12.14 12.45 12.41 11.57 10.08 10.86 12.10 12.58 12.92

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
38.13 38.16 36.58 35.25 34.44 36.01 40.53 42.38 42.10 41.12 40.86 41.24
19.98 19.76 19.69 20.28 21.18 20.41 18.28 16.67 16.74 16.71 16.64 16.19
41.89 42.08 43.73 44.47 44.38 43.58 41.19 40.95 41.16 42.17 42.50 42.57

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