Redington Ltd

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

Redington Ltd

₹ 225 0.17%
26 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 ₹ 17,555 Cr.
  • Current Price ₹ 225
  • High / Low ₹ 335 / 191
  • Stock P/E 14.1
  • Book Value ₹ 67.8
  • Dividend Yield 3.03 %
  • ROCE 26.4 %
  • ROE 25.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%
  • Company has been maintaining a healthy dividend payout of 39.8%

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

Standalone Figures in Rs. Crores / View Consolidated

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
9,712 9,705 9,928 11,104 10,490 10,302 12,385 13,095 13,121 12,757 15,185 16,271 19,587
9,502 9,465 9,666 10,854 10,237 10,050 12,108 12,796 12,816 12,465 14,854 15,951 19,188
Operating Profit 210 240 262 250 254 252 277 298 305 292 331 320 400
OPM % 2% 2% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
7 54 423 16 21 8 445 272 16 20 319 17 26
Interest 38 40 44 47 48 40 32 31 29 33 32 23 27
Depreciation 7 8 9 10 10 10 9 9 15 10 10 10 11
Profit before tax 172 245 632 209 217 210 682 531 276 269 608 305 389
Tax % 27% 21% 9% 27% 26% 26% 9% 13% 24% 26% 13% 27% 26%
125 194 573 154 161 156 618 461 209 200 532 223 289
EPS in Rs 1.60 2.48 7.33 1.96 2.05 1.99 7.91 5.89 2.68 2.56 6.80 2.86 3.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12,021 12,638 15,759 14,844 16,851 18,633 22,721 27,019 35,341 41,228 48,902 63,801
11,717 12,292 15,395 14,504 16,529 18,236 22,250 26,361 34,477 40,211 47,766 62,458
Operating Profit 304 346 364 341 323 396 471 658 864 1,017 1,137 1,343
OPM % 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
49 36 46 46 58 374 71 488 521 513 741 383
Interest 70 86 86 101 143 118 46 11 82 190 136 115
Depreciation 11 10 12 14 12 26 28 30 26 36 43 40
Profit before tax 273 285 313 271 226 626 468 1,104 1,276 1,303 1,698 1,571
Tax % 33% 34% 33% 32% 33% 22% 44% 15% 16% 17% 15% 21%
182 189 208 184 152 490 263 935 1,072 1,081 1,444 1,244
EPS in Rs 2.28 2.36 2.61 2.30 1.96 6.29 3.38 11.97 13.71 13.83 18.47 15.91
Dividend Payout % 42% 44% 83% 52% 61% 34% 171% 55% 52% 45% 37% 38%
Compounded Sales Growth
10 Years: 18%
5 Years: 23%
3 Years: 22%
TTM: 30%
Compounded Profit Growth
10 Years: 21%
5 Years: 37%
3 Years: 5%
TTM: -14%
Stock Price CAGR
10 Years: 15%
5 Years: 20%
3 Years: 9%
1 Year: -16%
Return on Equity
10 Years: 27%
5 Years: 33%
3 Years: 30%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 1,281 1,458 1,530 1,609 1,526 1,724 1,990 2,393 2,950 3,468 4,430 5,147
284 478 707 766 831 1,200 22 21 1,652 1,603 1,416 1,493
1,387 1,891 2,216 1,993 2,772 2,712 3,171 5,297 5,017 5,546 7,030 10,714
Total Liabilities 3,031 3,907 4,533 4,449 5,206 5,714 5,261 7,867 9,776 10,773 13,033 17,510
96 91 97 92 85 140 120 106 172 178 181 188
CWIP 4 14 0 15 33 0 0 85 10 4 9 3
Investments 546 594 603 605 638 645 640 668 750 750 750 750
2,385 3,208 3,832 3,737 4,450 4,929 4,501 7,008 8,844 9,840 12,092 16,570
Total Assets 3,031 3,907 4,533 4,449 5,206 5,714 5,261 7,867 9,776 10,773 13,033 17,510

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
195 29 96 142 323 240 870 670 -2,087 272 94 360
-70 -54 -20 61 -28 349 33 367 351 471 684 288
-194 48 -88 -90 -296 -88 -1,217 -468 1,048 -791 -835 -586
Net Cash Flow -69 24 -12 113 -1 501 -314 570 -688 -48 -56 62
Free Cash Flow 196 15 75 156 292 209 866 579 -2,147 330 79 336
CFO/OP 82% 43% 56% 68% 140% 90% 218% 128% -221% 58% 42% 53%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 38 42 46 55 52 55 45 52 58 59 62 63
Inventory Days 27 45 38 28 35 23 18 26 27 23 22 25
Days Payable 35 51 48 43 54 47 46 68 48 47 51 57
Cash Conversion Cycle 31 37 36 40 32 31 17 10 37 35 34 30
Working Capital Days 19 20 17 19 12 4 14 9 19 21 25 23
ROCE % 20% 20% 18% 16% 15% 27% 20% 48% 37% 29% 33% 26%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Brands Distributed
Count

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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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