Redington

₹208.1 5.4 | 2.6%

WEBSITE BSE:532805 NSE : REDINGTON 10 May, 16:01

Market Cap ₹16265 Cr.

Stock P/E 13.5

P/B 2.2

Current Price ₹208.1

Book Value ₹ 92.7

Face Value 2

52W High ₹237.3

Dividend Yield 3.46%

52W Low ₹ 136.3

Edit Ratio

Redington Research see more...

Overview Inc. Year: 1961Industry: Trading

Redington (India) Ltd is an primarily India-based agency, which operates in the information technology product distribution enterprise, supply chain solutions and after-income offerings of IT merchandise. The Company is a distributor of technology & mobility products and solutions throughout more than 37 markets in Emerging goes covering India, Singapore, South Asia, the Middle East, Africa & Turkey. Its subsidiary, ProConnect, is a supply chain solution issuer across multiple industry segments. Its offerings include cloud era, cloud consulting, cloud managed services, digital and 3D printing. The Company's segments include Distribution and Services. The Services section consists of logistics and aid offerings. Its geographical segments include India and overseas. Its records generation merchandise encompass Personal Computing & Printing; Commercial, Enterprise & Infrastructure; Cloud Services, and Software & Security.

Redington Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Redington Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	15287	16601	17302	16803	19051	21674	21849	21187	22220	23505
Other Income	26	19	23	25	30	40	46	64	76	45
Total Income	15313	16620	17324	16828	19081	21715	21895	21251	22297	23550
Total Expenditure	14856	16075	16811	16341	18518	21093	21305	20768	21739	22988
Operating Profit	457	544	513	487	562	622	590	483	558	562
Interest	31	24	33	37	54	88	92	88	106	85
Depreciation	36	34	37	36	37	39	43	42	44	43
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	391	487	444	414	471	494	455	352	408	434
Provision for Tax	68	90	88	87	79	102	126	97	97	86
Profit After Tax	323	397	356	326	392	393	328	255	312	348
Adjustments	-16	-9	-8	-11	-5	-13	-18	-6	-8	-7
Profit After Adjustments	307	388	348	316	387	380	310	249	303	341
Adjusted Earnings Per Share	3.9	5	4.5	4	5	4.9	4	3.2	3.9	4.4

Redington Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	24165	27945	31559	35442	41115	41603	46536	51465	56946	62644	79377	88761
Other Income	46	83	76	55	63	39	63	49	96	88	142	231
Total Income	24210	28028	31635	35497	41178	41642	46599	51514	57042	62732	79519	88993
Total Expenditure	23511	27284	30855	34658	40285	40757	45570	50373	55554	60805	77174	86800
Operating Profit	699	744	780	840	892	885	1029	1141	1487	1926	2344	2193
Interest	199	212	182	202	183	197	271	289	205	163	355	371
Depreciation	38	39	43	47	55	57	63	155	148	141	155	172
Exceptional Income / Expenses	0	-9	0	0	0	0	-71	-5	-6	0	0	0
Profit Before Tax	462	485	555	590	655	631	623	692	1128	1622	1833	1649
Provision for Tax	115	127	145	146	178	146	139	158	340	307	394	406
Profit After Tax	347	358	410	444	477	484	484	534	789	1315	1439	1243
Adjustments	-24	-21	-24	-21	-13	-3	23	-19	-30	-35	-47	-39
Profit After Adjustments	323	337	387	424	464	482	508	515	758	1280	1393	1203
Adjusted Earnings Per Share	4	4.2	4.8	5.3	5.8	6	6.5	6.6	9.7	16.4	17.8	15.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	16%	14%	13%
Operating Profit CAGR	22%	27%	22%	13%
PAT CAGR	9%	39%	24%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	20%	30%	36%	17%
ROE Average	23%	21%	18%	18%
ROCE Average	27%	26%	22%	20%

Redington Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1641	2021	2374	2949	3148	3531	3906	4309	4939	5785	6927
Minority's Interest	156	186	206	367	362	359	345	381	373	323	366
Borrowings	386	210	214	0	0	4	25	0	5	90	50
Other Non-Current Liabilities	28	28	47	161	171	167	163	269	260	288	301
Total Current Liabilities	4304	4853	5532	7189	6623	6931	8096	9752	9279	12183	15997
Total Liabilities	6515	7299	8373	10666	10304	10992	12534	14711	14855	18669	23641
Fixed Assets	350	259	276	498	476	470	454	714	605	700	866
Other Non-Current Assets	100	119	77	219	223	252	355	263	250	322	275
Total Current Assets	6065	6921	8020	9949	9587	10269	11725	13734	13992	17640	22501
Total Assets	6515	7299	8373	10666	10304	10992	12534	14711	14855	18669	23641

Redington Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	267	493	472	388	386	530	492	816	2279	2925	3271
Cash Flow from Operating Activities	288	241	257	-142	1360	186	1068	966	3497	989	-3234
Cash Flow from Investing Activities	63	260	-6	-18	-75	-19	-94	-58	-497	-57	176
Cash Flow from Financing Activities	-160	-523	-225	202	-1131	-199	-651	443	-2241	-476	1529
Net Cash Inflow / Outflow	191	-21	26	41	154	-32	323	1351	759	457	-1529
Closing Cash & Cash Equivalent	458	472	514	459	530	492	816	2279	2925	3271	1809

Redington Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.05	4.21	4.84	5.3	5.8	6.02	6.53	6.62	9.74	16.38	17.82
CEPS(Rs)	4.83	4.96	5.67	6.14	6.65	6.76	7.04	8.86	12.03	18.63	20.41
DPS(Rs)	0.4	0.9	1.9	2.1	4.3	2.4	1.65	4.3	11.6	6.6	7.2
Book NAV/Share(Rs)	20.55	25.3	29.7	36.88	39.36	44.06	49.92	55.09	63.04	73.97	88.58
Core EBITDA Margin(%)	2.7	2.37	2.23	2.21	2.02	2.03	2.08	2.12	2.44	2.94	2.77
EBIT Margin(%)	2.74	2.49	2.34	2.24	2.04	1.99	1.92	1.91	2.34	2.85	2.76
Pre Tax Margin(%)	1.91	1.74	1.76	1.67	1.59	1.52	1.34	1.35	1.98	2.59	2.31
PAT Margin (%)	1.44	1.28	1.3	1.25	1.16	1.16	1.04	1.04	1.38	2.1	1.81
Cash Profit Margin (%)	1.59	1.42	1.44	1.39	1.29	1.3	1.18	1.34	1.64	2.32	2.01
ROA(%)	5.78	5.18	5.24	4.66	4.55	4.55	4.12	3.92	5.33	7.84	6.8
ROE(%)	23.44	19.55	18.67	16.68	15.64	14.52	13.08	13.03	17.15	24.61	22.66
ROCE(%)	18.43	18.34	18.33	16.62	16.82	17.16	17.54	16.27	21.8	30.25	26.58
Receivable days	39.54	45.34	48.26	50.27	46.3	48.82	48.32	47.2	44.33	45.09	47.6
Inventory Days	27.59	27.68	29.72	34.1	31.71	28.43	27.32	26.71	21.07	21.22	26.37
Payable days	29.25	33.17	36.92	40.92	40.65	42.82	44.45	45.69	46.05	54.12	51.66
PER(x)	10	9.33	13.61	10.76	9.5	12.18	7.84	5.14	9.79	8.85	9.35
Price/Book(x)	1.97	1.55	2.22	1.55	1.4	1.66	1.03	0.62	1.51	1.96	1.88
Dividend Yield(%)	0.49	1.14	1.44	1.84	3.9	1.64	3.22	6.32	6.08	4.55	4.32
EV/Net Sales(x)	0.2	0.16	0.21	0.18	0.13	0.16	0.09	0.05	0.08	0.13	0.18
EV/Core EBITDA(x)	7.01	5.97	8.46	7.57	5.83	7.67	4.29	2.46	2.94	4.31	6.06
Net Sales Growth(%)	14.02	15.64	12.93	12.3	16	1.19	11.86	10.59	10.65	10.01	26.71
EBIT Growth(%)	6.76	5.38	5.86	7.51	5.67	-1.17	8.07	9.63	35.87	33.93	22.62
PAT Growth(%)	2.45	3.05	14.66	8.2	7.35	1.61	0.01	10.21	47.68	66.76	9.47
EPS Growth(%)	10.22	4.1	14.75	9.54	9.6	3.68	8.42	1.46	47.14	68.13	8.79
Debt/Equity(x)	1.31	0.88	0.79	0.8	0.48	0.41	0.34	0.59	0.09	0.11	0.45
Current Ratio(x)	1.41	1.43	1.45	1.38	1.45	1.48	1.45	1.41	1.51	1.45	1.41
Quick Ratio(x)	0.96	0.96	0.93	0.86	0.94	1.03	0.97	1.03	1.2	1.09	0.96
Interest Cover(x)	3.33	3.29	4.05	3.92	4.57	4.19	3.3	3.4	6.51	10.97	6.16
Total Debt/Mcap(x)	0.67	0.57	0.35	0.52	0.34	0.25	0.33	0.96	0.06	0.06	0.24

Redington Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0	0	0	0	0	0	0	0	0	0
FII	40.04	39.39	38.74	37.93	60.78	60.5	59.21	56.25	56.97	58.07
DII	16.25	16.16	16.51	16.51	16.66	16.69	17.43	17.42	17.97	18.63
Public	43.71	44.46	44.75	45.56	22.56	22.82	23.36	26.33	25.06	23.3
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 21%
Debtor days have improved from 54.12 to 51.66days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 0%.

* 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.

Redington News

Top Unlisted Companies & InstaBuy Companies

Sell or Purchase Share (Tentative Price)

IPO

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0	0	0	0	0	0	0	0	0	0
FII	31.29	30.78	30.28	29.64	47.5	47.28	46.28	43.97	44.53	45.4
DII	12.7	12.62	12.9	12.9	13.02	13.04	13.62	13.62	14.05	14.57
Public	34.15	34.74	34.97	35.61	17.63	17.83	18.26	20.59	19.59	18.21
Others	0	0	0	0	0	0	0	0	0	0
Total	78.14	78.15	78.15	78.15	78.15	78.16	78.17	78.17	78.17	78.18

Redington

Add Watchlist

Redington Research see more...

Overview Inc. Year: 1961Industry: Trading

Redington Share Price

Alert Data

Quarterly Price

Peer Comparison

Redington Quarterly Results

Redington Profit & Loss

Growth Rates

Redington Balance Sheet

Redington Cash Flow

Redington Ratios

Redington Shareholding Pattern

Redington News

Top Unlisted Companies & InstaBuy Companies

IPO

Stocx: India's #1 Marketplace to Find Your Winning Stock

Please Login!

Error!