Redington Ltd

Redington Ltd

₹ 214 -1.04%
19 Jun 9:46 a.m.
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]

  • Market Cap 16,761 Cr.
  • Current Price 214
  • High / Low 238 / 136
  • Stock P/E 13.7
  • Book Value 96.6
  • Dividend Yield 2.91 %
  • ROCE 18.3 %
  • ROE 16.8 %
  • Face Value 2.00

Pros

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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15,504 13,454 15,287 16,601 17,302 16,803 19,051 21,674 21,849 21,187 22,220 23,505 22,433
15,079 13,110 14,856 16,075 16,811 16,341 18,518 21,093 21,305 20,768 21,739 22,988 21,974
Operating Profit 425 344 432 525 491 462 532 581 543 419 481 517 459
OPM % 3% 3% 3% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2%
26 20 26 19 23 25 30 40 46 64 76 45 79
Interest 30 28 31 24 33 37 54 88 92 88 106 85 106
Depreciation 36 35 36 34 37 36 37 39 43 42 44 43 52
Profit before tax 385 301 391 487 444 414 471 494 455 352 408 434 381
Tax % 21% 21% 17% 18% 20% 21% 17% 21% 28% 27% 24% 20% 15%
303 239 323 397 356 326 392 393 328 255 312 348 324
EPS in Rs 3.89 3.03 3.93 4.97 4.45 4.04 4.95 4.86 3.97 3.18 3.88 4.36 4.16
Raw PDF

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
24,165 27,945 31,559 35,442 41,115 41,603 46,536 51,465 56,946 62,644 79,377 89,346
23,511 27,261 30,843 34,637 40,264 40,757 45,570 50,373 55,554 60,805 77,174 87,468
Operating Profit 653 684 717 806 851 846 966 1,092 1,392 1,839 2,203 1,877
OPM % 3% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 2%
46 51 64 34 41 39 -8 44 89 88 142 264
Interest 199 212 182 202 183 197 271 289 205 163 355 385
Depreciation 38 38 43 47 55 57 63 155 148 141 155 181
Profit before tax 462 485 555 590 655 631 623 692 1,128 1,622 1,833 1,575
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
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
Dividend Payout % 5% 11% 20% 20% 37% 20% 18% 32% 60% 40% 40% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 14%
3 Years: 16%
TTM: 13%
Compounded Profit Growth
10 Years: 14%
5 Years: 18%
3 Years: 17%
TTM: -12%
Stock Price CAGR
10 Years: 16%
5 Years: 31%
3 Years: 17%
1 Year: 15%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 21%
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
Equity Capital 80 80 80 80 80 80 78 78 78 156 156 156
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
2,150 1,786 1,867 2,349 1,516 1,458 1,307 2,775 622 831 3,321 2,958
2,733 3,500 4,135 5,226 5,486 5,875 7,206 7,568 8,999 11,792 13,030 13,887
Total Liabilities 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,394
350 259 276 498 476 470 454 714 605 700 877 867
CWIP 15 23 13 14 0 20 38 11 1 85 12 1
Investments 0 0 0 0 5 4 7 0 0 0 34 0
6,158 7,026 8,086 10,013 9,669 10,369 11,920 13,925 13,953 17,622 22,354 23,527
Total Assets 6,524 7,308 8,375 10,525 10,150 10,863 12,419 14,651 14,559 18,407 23,278 24,394

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 -167 243 145
-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 -156

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%

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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Documents

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