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Redington Ltd

REDINGTON

Redington Ltd

REDINGTON
Information TechnologyTechnology Hardware
SmallcapWith a market cap of ₹16,134 cr, stock is ranked 423
Moderate RiskStock is 2.54x as volatile as Nifty
213.963.67% (+7.58)
213.963.67% (+7.58)

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Information TechnologyTechnology Hardware
SmallcapWith a market cap of ₹16,134 cr, stock is ranked 423
Moderate RiskStock is 2.54x as volatile as Nifty

How to use scorecard? Learn more

Information TechnologyTechnology Hardware
SmallcapWith a market cap of ₹16,134 cr, stock is ranked 423
Moderate RiskStock is 2.54x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
13.392.053.00%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
37.579.901.56%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 4 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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

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Oct 29, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.97%, vs industry avg of 13.44%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 76.36% to 84.53%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.13%, vs industry avg of 23.01%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue35,476.1641,156.0441,641.6746,599.3851,513.7857,041.5962,731.5779,518.7189,609.5592,349.77
Raw Materialssubtract34,285.6438,437.4338,898.0944,598.9948,276.5753,110.6660,151.6377,073.0283,693.9990,310.29
Power & Fuel Costsubtract0.000.000.000.000.000.000.000.000.00
Employee Costsubtract539.81627.25652.95724.20783.78831.98885.661,168.411,289.44
Selling & Administrative Expensessubtract491.32571.00500.54675.57539.52522.77665.78742.98941.12
Operating & Other expensessubtract-680.25627.92705.17-357.53777.511,095.10-897.94-1,810.041,412.42
Depreciation/Amortizationsubtract46.8254.6856.9463.36155.40148.20141.28155.40181.10195.49
Interest & Other Itemssubtract202.50183.25197.41271.45288.72204.75162.80355.47516.83355.74
Taxes & Other Itemssubtract166.79190.29148.93115.56177.07369.85342.45440.91356.03282.97
EPS5.305.816.026.436.629.7416.4117.8215.5915.42
DPS1.052.151.201.202.155.806.607.206.206.20
Payout ratio0.200.370.200.190.320.600.400.400.400.40

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 22PDF
May 22PDF
FY 2023

Annual report

PDF

Investor Presentation

May 16PDF
Feb 1PDF
Nov 2PDF
+3 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 1PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyTechnology Hardware

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Redington Ltd13.242.053.00%
Optiemus Infracom Ltd117.1915.61
Rashi Peripherals Ltd19.531.780.24%
D Link (India) Limited23.184.942.15%

Price Comparison

Compare REDINGTON with any stock or ETF
Compare REDINGTON with any stock or ETF
REDINGTON
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%11.86%6.22%58.07%23.84%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep59.22%56.25%56.99%58.10%57.87%58.07%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Redington Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
4.3437%0.92%-0.03%41/78 (-1)
HDFC Hybrid Equity Fund - Growth - Direct Plan

Growth
1.9861%1.32%-0.00%19/139 (+3)
HDFC Small Cap Fund - Growth - Direct Plan

Growth
1.6618%0.79%-0.02%46/92 (+2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

REDINGTON has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 3.00%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹30.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 5, 2024

Final
Final | Div/Share: ₹6.20

Dividend/Share

6.20

Ex DateEx Date

Jul 5, 2024

Cash Dividend

Ex DateEx DateJul 7, 2023

Final
Final | Div/Share: ₹7.20

Dividend/Share

7.20

Ex DateEx Date

Jul 7, 2023

Cash Dividend

Ex DateEx DateJul 14, 2022

Final
Final | Div/Share: ₹6.60

Dividend/Share

6.60

Ex DateEx Date

Jul 14, 2022

Cash Dividend

Ex DateEx DateJul 16, 2021

Final
Final | Div/Share: ₹7.60

Dividend/Share

7.60

Ex DateEx Date

Jul 16, 2021

Cash Dividend

Ex DateEx DateJul 16, 2021

Special
Special | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jul 16, 2021

News & Opinions
Earnings
Redington consolidated net profit declines 3.49% in the September 2024 quarter

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

1 month agoCapital Market - Live

Redington CEO Ramesh Natarajan: AI PCs Are A Good Trend To Look For | NDTV Profit

4 months agoBloomberg Quint

Redington consolidated net profit declines 1.10% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
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

4 months agoCapital Market - Live

Redington Q1 results: Net profit down 1% at Rs 246 cr as demands fall

4 months agoBusiness Standard
Corporate
Redington to declare Quarterly Result

Redington will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Redington Gulf FZE divests its entire stake in Citrus

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

4 months agoCapital Market - Live

Redington sees AI-enabled PCs powering tech upgrades

9 months agoMoneycontrol

Redington, Ingram Micro offer new iPhones, Apple Watches across India

1 year agoInvesting.com

Redington MD Rajiv Srivastava resigns citing personal reasons

1 year agoThe Hindu Businessline