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Redington Ltd

REDINGTON NSE

Key Fundamentals

SmallcapTrading & DistributorsCommercial Services
Market Cap
₹26,060 Cr
Volatility
Moderate
P/E Ratio
15
EBITDA
₹2,415 Cr
Return on Equity
12.32%
Debt to Equity
0.28
Book Value
₹129.97
EPS
₹15.55
52W High
₹364.5
52W Low
₹191.31

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY07–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

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

Growth Rate

Revenue Growth
19.87% ↗
Net Income Growth
-29.47% ↘
Cash Flow Change
-20.94% ↘
ROE
-37.78% ↘
ROCE
-31.83% ↘
EBITDA Margin (Avg.)
-11.01% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Redington Ltd is a top-10 global technology distributor with FY25 consolidated revenue of ₹99,562 crore (11% YoY growth) and normalized PAT of ₹1,340 crore (10% YoY growth). The stock trades at a PE of 17.6x with a market cap of ₹27,241 crore, and has delivered a 1-year stock CAGR of 41% alongside a consistent dividend payout of ~35%.

Bull Case 8
  • Strong revenue scale and growth: FY25 revenue reached ₹99,562 crore with 11% YoY growth, and TTM sales growth has accelerated to 23%
  • Profit growth acceleration: TTM compounded profit growth stands at 42%, significantly above the 5% 3-year CAGR, indicating a sharp recent inflection
  • Consistent long-term compounding: 10-year sales CAGR of 13% and 10-year profit CAGR of 14% demonstrate durable business momentum
  • Healthy return on equity: ROE has been steady at 15-18% over the past decade, with the last year at 17%, indicating efficient capital deployment
  • Attractive shareholder returns: Dividend payout ratio of 34.8% with a current yield of 1.77%, providing income alongside capital appreciation
  • Diversified geographic presence across 40+ markets with 450+ brand partnerships reduces single-market concentration risk
  • AI and cloud tailwinds: Positioning in data centre infrastructure, GCCs, and AI-related distribution adds secular growth optionality on top of core distribution
  • Reasonable valuation: PE of 17.6x is modest for a business delivering 41% 1-year stock CAGR and 23% TTM revenue growth
Bear Case 8
  • Structurally thin margins: Net profit margin is approximately 1.2-1.3% and operating margin around 2%, leaving minimal buffer against cost or pricing pressures
  • Low price-to-book of 2.61x alongside thin margins means any ROE compression from 17% could quickly erode valuation support
  • 3-year compounded profit CAGR of only 5% versus 15% sales CAGR over the same period shows margins were under pressure until very recently
  • Debt-to-equity of 0.27x with a working-capital-intensive distribution model means rising interest rates directly compress already thin net margins
  • Distribution is a low-moat business: competition from peers and potential direct-to-customer moves by OEMs threaten market share and margins
  • Stock price has run up 41% in 1 year, significantly ahead of the 10-year profit CAGR of 14%, raising mean-reversion risk
  • 52-week high/low data unavailable, limiting visibility on recent price range and potential downside from current levels
  • High dependence on IT spending cycles: any macro slowdown or enterprise capex deferral in key markets (India, Middle East, Africa) would directly compress topline growth

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Positives 5
  • Q1FY27 profit surges 94% YoY Jul 29

    Consolidated net profit jumped 94% YoY to ₹453.5 crore in Q1FY27, driven by strong SISA and ROW segment revenue. Standalone PAT also rose 60% to ₹321 crore.

  • FMR LLC raises stake to 8.46% Aug 3

    FMR LLC and FIL Limited acquired 2.09% of Redington shares via open market, increasing total holding to 8.46% across multiple funds.

  • Resulticks 5-year AI partnership Jul 20

    Redington and Resulticks entered a 5-year strategic partnership to distribute AI-driven engagement solutions across Middle East, India, and Asia, targeting a $150 million market opportunity.

  • ₹6 dividend declared at AGM Jul 29

    Redington declared a ₹6 per share dividend at its 33rd AGM on July 29, 2026. Shareholders approved FY26 financials and reappointed key directors.

  • AutomationEdge AI partnership Jul 22

    Redington partnered with AutomationEdge to accelerate AI adoption via its AI Exchange Marketplace, expanding its solutions ecosystem.

Neutral 3
  • Investor meets in Singapore, HK Aug 12

    Redington officials will attend investor conferences organized by Avendus Spark in Hong Kong (Aug 12) and Ambit Capital in Singapore (Aug 17), discussing publicly available information.

  • KMP materiality authorization Jul 29

    Board authorized Finance Director S V Krishnan to determine materiality of events under SEBI LODR Reg 30 during its July 29 meeting.

  • Q1FY27 earnings call scheduled Jul 27

    Redington scheduled an earnings conference call for July 30, 2026 at 09:00 AM IST to discuss unaudited Q1FY27 results.

TL;DR: Redington delivered an exceptionally strong Q1FY27 with 94% profit growth, signaling robust demand across its distribution segments. Strategic AI partnerships and rising institutional interest (FMR LLC increasing stake) reinforce the bullish narrative. No material headwinds are visible in recent news flow. The trend is clearly improving, with momentum in earnings, partnerships, and investor confidence heading into H1FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
21,187
22,220
23,505
22,433
21,282
24,896
26,716
26,440
25,952
29,076
30,922
33,213
34,922
Expenses
20,768
21,739
22,988
21,974
20,911
24,437
26,114
25,843
25,552
28,487
30,296
32,599
34,215
Operating Profit
419
481
517
459
371
458
602
597
400
589
626
614
708
OPM %
2%
2.2%
2.2%
2%
1.7%
1.8%
2.3%
2.3%
1.5%
2%
2%
1.9%
2%
Other Income
64
76
45
79
53
57
48
696
50
43
37
-97
43
Interest
88
106
85
106
81
84
84
82
92
116
79
72
89
Depreciation
42
44
43
52
51
49
54
63
54
55
47
50
51
PBT
352
408
434
381
292
381
513
1,148
304
460
538
395
611
Tax %
27%
24%
20%
15%
26%
26%
21%
20%
23%
24%
23%
27%
26%
Net Profit
255
312
348
324
217
283
403
918
233
350
413
288
453
EPS in Rs
3.18
3.88
4.36
4.16
3.15
3.75
5.12
8.51
3.52
4.96
5.57
5.01
6.22
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,28,133
Expenses
30,843
34,637
40,264
40,757
45,570
50,373
55,554
60,805
77,174
87,337
97,179
1,16,815
1,25,596
Operating Profit
717
806
851
846
966
1,092
1,392
1,839
2,203
2,009
2,154
2,348
2,537
OPM %
2.3%
2.3%
2.1%
2%
2.1%
2.1%
2.4%
2.9%
2.8%
2.2%
2.2%
2%
2%
Other Income
64
34
41
39
-8
44
89
88
142
264
854
33
26
Interest
182
202
183
197
271
289
205
163
355
517
456
477
356
Depreciation
43
47
55
57
63
155
148
141
155
181
218
206
203
PBT
555
590
655
631
623
692
1,128
1,622
1,833
1,575
2,335
1,697
2,004
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
1,505
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
21.76
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
20,835
Total Liabilities
8,375
10,525
10,150
10,863
12,419
14,651
14,559
18,407
23,278
24,387
27,573
33,837
Fixed Assets
276
498
476
470
454
714
605
700
877
861
858
666
CWIP
13
14
0
20
38
11
1
85
12
6
15
75
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
33,095
Total Assets
8,375
10,525
10,150
10,863
12,419
14,651
14,559
18,407
23,278
24,387
27,573
33,837
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
470
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
-298
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
32
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%
18%

Shareholding Pattern

As of Jun 2026
FIIs 61.96%
DIIs 16.37%
Public 16.32%
Others 5.28%
Government 0.06%
Total 99.99%
  Mar 2021Jun 2021Aug 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
FIIs
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.00%
0.00%
24.13%
24.13%
24.13%
24.13%
24.13%
58.10%
57.87%
58.07%
58.52%
60.57%
62.59%
61.82%
61.94%
61.49%
61.96%
DIIs
15.27%
15.58%
14.89%
14.75%
15.18%
15.18%
15.43%
15.50%
16.66%
16.67%
17.40%
15.50%
15.58%
18.57%
18.14%
18.08%
18.64%
17.87%
16.64%
16.96%
17.28%
17.12%
16.37%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.03%
0.03%
0.03%
0.03%
0.00%
0.00%
0.00%
0.05%
0.06%
0.05%
0.05%
0.06%
0.06%
Public
3.28%
4.03%
6.80%
7.19%
10.49%
11.91%
13.46%
14.26%
15.45%
15.58%
16.09%
18.49%
17.25%
16.43%
17.04%
17.39%
16.69%
16.39%
15.93%
16.38%
16.01%
16.41%
16.32%
Others
81.45%
80.39%
78.30%
78.04%
74.32%
72.90%
71.11%
70.24%
43.75%
43.60%
42.36%
41.85%
43.01%
6.86%
6.95%
6.46%
6.15%
5.13%
4.79%
4.79%
4.73%
4.92%
5.28%
No. of Shareholders
0
38,119
62,313
1,46,259
1,71,491
2,04,017
2,42,615
2,55,931
2,66,366
2,52,336
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
2,41,094

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 Commercial Services sector within the Trading & Distributors industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Redington Ltd?
Redington Ltd has a market capitalisation of approximately ₹26060.45 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Redington Ltd?
The Price-to-Earnings (PE) ratio of Redington Ltd is 15.00. 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 ₹364.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Redington Ltd pay dividends?
Yes, Redington Ltd has a dividend yield of 1.80%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Redington Ltd?
Redington Ltd has a Return on Equity (ROE) of 12.32%. 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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