Redington Ltd
REDINGTONRedington Ltd
REDINGTON
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 12.57 | 1.93 | 3.20% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 34.43 | 9.08 | 1.70% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Redington (India) Limited operates in the information technology product distribution business, supply chain solutions and after sales services of information technology products.
Investor Presentation
View olderPeers
Compare with peersOptiemus Infracom Ltd
Rashi Peripherals Ltd
D Link (India) Limited
Creative Newtech Ltd
TVS Electronics Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 35,476.16 | 41,156.04 | 41,641.67 | 46,599.38 | 51,513.78 | 57,041.59 | 62,731.57 | 79,518.71 | 89,609.55 | 92,349.77 | ||||||||||
Raw Materials | 34,285.64 | 38,437.43 | 38,898.09 | 44,598.99 | 48,276.57 | 53,110.66 | 60,151.63 | 77,073.02 | 83,693.99 | 90,310.29 | ||||||||||
| Power & Fuel Cost | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||
| Employee Cost | 539.81 | 627.25 | 652.95 | 724.20 | 783.78 | 831.98 | 885.66 | 1,168.41 | 1,289.44 | |||||||||||
| Selling & Administrative Expenses | 491.32 | 571.00 | 500.54 | 675.57 | 539.52 | 522.77 | 665.78 | 742.98 | 941.12 | |||||||||||
| Operating & Other expenses | -680.25 | 627.92 | 705.17 | -357.53 | 777.51 | 1,095.10 | -897.94 | -1,810.04 | 1,412.42 | |||||||||||
EBITDA | 839.64 | 892.44 | 884.92 | 958.15 | 1,136.40 | 1,481.08 | 1,926.44 | 2,344.34 | 2,272.58 | 2,039.48 | ||||||||||
| Depreciation/Amortization | 46.82 | 54.68 | 56.94 | 63.36 | 155.40 | 148.20 | 141.28 | 155.40 | 181.10 | 195.49 | ||||||||||
| PBIT | 792.82 | 837.76 | 827.98 | 894.79 | 981.00 | 1,332.88 | 1,785.16 | 2,188.94 | 2,091.48 | 1,843.99 | ||||||||||
| Interest & Other Items | 202.50 | 183.25 | 197.41 | 271.45 | 288.72 | 204.75 | 162.80 | 355.47 | 516.83 | 355.74 | ||||||||||
| PBT | 590.32 | 654.51 | 630.57 | 623.34 | 692.28 | 1,128.13 | 1,622.36 | 1,833.47 | 1,574.65 | 1,488.25 | ||||||||||
| Taxes & Other Items | 166.79 | 190.29 | 148.93 | 115.56 | 177.07 | 369.85 | 342.45 | 440.91 | 356.03 | 282.97 | ||||||||||
| Net Income | 423.53 | 464.22 | 481.64 | 507.78 | 515.21 | 758.28 | 1,279.91 | 1,392.56 | 1,218.62 | 1,205.28 | ||||||||||
| EPS | 5.30 | 5.81 | 6.02 | 6.43 | 6.62 | 9.74 | 16.41 | 17.82 | 15.59 | 15.42 | ||||||||||
| DPS | 1.05 | 2.15 | 1.20 | 1.20 | 2.15 | 5.80 | 6.60 | 7.20 | 6.20 | 6.20 | ||||||||||
| Payout ratio | 0.20 | 0.37 | 0.20 | 0.19 | 0.32 | 0.60 | 0.40 | 0.40 | 0.40 | 0.40 |
Company Updates
Peers & Comparison
Information TechnologyTechnology Hardware
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Redington Ltd | 12.44 | 1.93 | 3.20% |
| Optiemus Infracom Ltd | 90.64 | 12.07 | — |
| Rashi Peripherals Ltd | 17.12 | 1.56 | 0.27% |
| D Link (India) Limited | 20.67 | 4.40 | 2.41% |
Price Comparison
Compare REDINGTON with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Redington Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.7105% | Percentage of the fund’s portfolio invested in the stock 0.92% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 44/79 (-1) |
HDFC Hybrid Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.0804% | Percentage of the fund’s portfolio invested in the stock 1.31% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 20/140 (0) |
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.7407% | Percentage of the fund’s portfolio invested in the stock 0.79% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/92 (-20) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
REDINGTON has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 3.20%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹31.98 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 5, 2024
Dividend/Share
₹6.20
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹7.20
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹6.60
Ex DateEx Date
Jul 14, 2022
Cash Dividend
Ex DateEx DateJul 16, 2021
Dividend/Share
₹7.60
Ex DateEx Date
Jul 16, 2021
Cash Dividend
Ex DateEx DateJul 16, 2021
Dividend/Share
₹4.00
Ex DateEx Date
Jul 16, 2021
Net profit of Redington declined 3.49% to Rs 292.87 crore in the quarter ended September 2024 as against Rs 303.47 crore during the previous quarter ended September 2023. Sales rose 12.04% to Rs 24895.56 crore in the quarter ended September 2024 as against Rs 22220.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales24895.5622220.15 12 OPM %1.842.17 - PBDT430.82452.06 -5 PBT381.33408.33 -7 NP292.87303.47 -3 Powered by Capital Market - Live
Redington CEO Ramesh Natarajan: AI PCs Are A Good Trend To Look For | NDTV Profit
Redington consolidated net profit declines 1.10% in the June 2024 quarter
Net profit of Redington declined 1.10% to Rs 246.04 crore in the quarter ended June 2024 as against Rs 248.78 crore during the previous quarter ended June 2023. Sales rose 0.45% to Rs 21282.33 crore in the quarter ended June 2024 as against Rs 21187.18 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales21282.3321187.18 0 OPM %1.741.98 - PBDT343.47394.24 -13 PBT292.46351.86 -17 NP246.04248.78 -1 Powered by Capital Market - Live
Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall
Redington will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live
Redington announced that the company's wholly owned step-down subsidiary, Redington Gulf FZE has divested 100% stake held in its wholly owned subsidiary, Citrus Consulting Services FZ-LLC UAE (Citrus) on 16 July 2024. Powered by Capital Market - Live
Redington sees AI-enabled PCs powering tech upgrades
Redington, Ingram Micro offer new iPhones, Apple Watches across India
Redington MD Rajiv Srivastava resigns citing personal reasons
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.97%, vs industry avg of 13.44%
Increasing Market Share
Over the last 5 years, market share increased from 76.36% to 84.53%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.13%, vs industry avg of 23.01%