Redington Ltd logo

Redington Ltd

REDINGTON NSE

Key Fundamentals

Volatility
High Risk
P/E Ratio
15.03
EBITDA
₹2,077 Cr
Return on Equity
15.75%
Debt to Equity
0.35
EPS
₹15.55
52W High
₹334.8
52W Low
₹191.31

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 34.8%

Growth Rate

Revenue Growth
19.69% ↗
Net Income Growth
-36.38% ↘
Cash Flow Change
-72.89% ↘
ROE
25.71% ↗
ROCE
16.42% ↗
EBITDA Margin (Avg.)
-23.35% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium
BUY Worth buying at current levels Conviction 7/10

Redington Ltd trades at a reasonable PE of 16.5x with strong TTM profit growth of 36% and consistent ROE of 16-18% over 3-10 year periods. With 100% analyst buy ratings and a healthy dividend yield of 2.21%, the stock offers a compelling risk-reward for a services distributor at Rs 21,435 Cr market cap.

Bull Case 8
  • TTM profit growth of 36% signals strong earnings momentum and potential for PE re-rating
  • Consistent ROE of 16-18% across 3, 5, and 10 year periods demonstrates efficient capital allocation
  • 100% analyst buy consensus (3 out of 3 analysts) with zero hold or sell ratings
  • Compounded sales CAGR of 15-16% over 3 and 5 years shows sustainable top-line growth
  • Dividend yield of 2.21% with 34.8% payout ratio provides income while retaining capital for growth
  • 10-year stock CAGR of 19% demonstrates long-term wealth creation track record
  • PE of 16.5x is reasonable for a company delivering 16% ROE and 20% TTM sales growth
  • Price-to-book of 2.09x is modest given consistent mid-teens ROE, implying fair valuation
Bear Case 7
  • 1-year stock CAGR of -4% indicates near-term price weakness and negative momentum
  • 3-year compounded profit CAGR of only 5% versus TTM of 36% raises sustainability concerns on recent earnings spike
  • IT distribution is a low-margin business — 10-year profit CAGR of 14% lags sales CAGR of 13% only marginally, indicating thin margins
  • 52-week high and low data unavailable (reported as 0), limiting technical analysis of current price positioning
  • Debt-to-equity ratio unavailable makes it difficult to fully assess balance sheet risk
  • Market cap of Rs 21,435 Cr with PE of 16.5x implies earnings of approximately Rs 1,300 Cr — any margin compression in distribution could significantly impact profits
  • 3-year stock CAGR of 14% has decelerated versus 5-year CAGR of 16% and 10-year CAGR of 19%, suggesting slowing returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 2
  • Q4 net profit down 41% YoY Jun 9

    Consolidated net profit fell to ₹391.32 crore in Q4 March 2026, down over 41% from ₹666 crore in the year-ago quarter despite revenue growth.

  • AI valuation bubble concerns Jun 9

    Analysts flag a growing gap between long-term AI opportunity and near-term valuations, with investors questioning lack of measurable ROI from enterprise AI deployments.

Positives 4
  • Shares surge on Apple WWDC AI Jun 9

    Redington shares jumped 6.14% to ₹243.70 after Apple unveiled Siri AI and next-gen Apple Intelligence features at WWDC 2026, boosting sentiment for Apple-linked distributors.

  • Q4 revenue up 26% YoY Jun 9

    Revenue from operations grew nearly 26% YoY to ₹33,213.03 crore in Q4 March 2026, reflecting strong top-line momentum.

  • AI infrastructure boom beneficiary Jun 9

    Redington is positioned to benefit from India's data centre buildout, with KPMG projecting nearly $45.7 billion in industry revenue by 2033.

  • Strategic shift to intelligent orchestration Jun 10

    Redington announced a virtual investor event on June 17 to detail its strategic pivot from software distribution to intelligent orchestration.

Neutral 2
  • New independent director appointed Jun 22

    Redington appointed Ajay Rotti Jayathirtha as Additional Director for a 5-year term from June 22, 2026, subject to shareholder approval.

  • Investor roadshow in Mumbai Jun 4

    Redington officials met investors in Mumbai on June 10, 2026 at a Non-Deal Roadshow organized by Monarch Network Capital.

TL;DR: Redington is riding strong revenue growth of 26% YoY and benefits from Apple's AI push at WWDC 2026, but profitability has sharply deteriorated with Q4 net profit falling 41%. The stock is well-positioned as an Apple distribution partner and potential AI infrastructure beneficiary, though elevated AI-sector valuations and margin compression are key risks. The trend is mixed — top-line momentum is strong but bottom-line execution needs to improve to sustain investor confidence.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
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
Expenses
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%
Other Income
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
PBT
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%
Net Profit
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
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
31,559
35,442
41,115
41,603
46,536
51,465
56,946
62,644
79,377
89,346
99,334
1,19,162
Expenses
30,843
34,637
40,264
40,757
45,570
50,373
55,554
60,805
77,174
87,337
97,179
1,16,933
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%
Other Income
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
PBT
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%
Net Profit
410
444
477
484
484
534
788
1,315
1,439
1,239
1,821
1,284
EPS in Rs
4.84
5.3
5.8
6.02
6.53
6.62
9.74
16.38
17.82
15.59
20.53
19.06
Div. Payout %
20%
20%
37%
20%
18%
32%
60%
40%
40%
40%
33%
31%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
1,867
2,349
1,516
1,458
1,307
2,775
622
831
3,321
2,958
2,809
2,842
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
257
-142
1,360
186
1,068
966
3,497
989
-3,234
1,079
293
231
Investing
10
12
-86
-25
-94
54
-610
-167
243
37
547
-10
Financing
-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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
FIIs 61.49%
Public 21.33%
DIIs 17.12%
Government 0.06%
Total 100.00%
  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
FIIs
59.22%
56.26%
56.99%
58.09%
57.87%
58.07%
58.53%
60.57%
62.58%
61.81%
61.94%
61.49%
DIIs
17.40%
17.38%
17.92%
18.57%
18.14%
18.08%
18.64%
17.87%
16.65%
16.97%
17.28%
17.12%
Government
0.03%
0.03%
0.03%
0.03%
0.00%
0.00%
0.00%
0.05%
0.06%
0.05%
0.05%
0.06%
Public
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
2,41,885
2,59,172
2,38,806
2,27,423
2,18,658
2,21,761
2,18,928
2,23,938
2,19,740
2,50,955
2,42,936
2,53,694

Documents

Frequently Asked Questions about Redington Ltd

What does Redington Ltd do?
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]
Where is Redington Ltd (REDINGTON) listed?
Redington Ltd is listed on the Indian stock exchanges. It is listed on NSE: REDINGTON and BSE: 532805. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Redington Ltd belong to?
Redington Ltd operates in the Services sector within the Commercial Services & Supplies industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the PE ratio of Redington Ltd?
The Price-to-Earnings (PE) ratio of Redington Ltd is 15.03. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Redington Ltd?
Over the past 52 weeks, Redington Ltd has traded between a low of ₹191.31 and a high of ₹334.8. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Redington Ltd?
Redington Ltd has a Return on Equity (ROE) of 15.75%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Redington Ltd on Tapetide?
On Tapetide, you can view Redington Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website redingtongroup.com
CEO Mr. Srinivasan Venkata Krishnan
Employees 12,062
Listed 2007-02-15
Face Value ₹ 2
Issued Size 78,17,74,431

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