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Redington Ltd (REDINGTON)

₹208.10.56%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 5 analysts

BUY

60.00%

Buy

20.00%

Hold

20.00%

Sell

Based on 5 analysts offering long term price targets for Redington Ltd. An average target of ₹222.2

Source: S&P Global Market Intelligence

Redington Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹205.72
    ₹213.2
  • 52 Week's Low

    52 Week's High

    ₹136.2
    ₹237.55
1 Month Return-6.29 %
3 Month Return-6.01 %
1 Year Return+ 11.73 %
Previous Close₹209.28
Open₹209.29
Volume15.18L
Upper Circuit-
Lower Circuit-
Market Cap₹16,360.98Cr

Key Statistics

P/E Ratio13.36
PEG Ratio-5.96
Market Cap₹16,360.98 Cr
P/B Ratio4.19
EPS6.86099484425242

Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option1.08%
HDFC Hybrid Equity Fund Direct Growth OptionHDFC Hybrid Equity Fund Direct Growth Option1.44%
HDFC Small Cap Fund-Direct Growth OptionHDFC Small Cap Fund-Direct Growth Option0.92%
Tata Small Cap Fund Direct GrowthTata Small Cap Fund Direct Growth2.45%
Tata Large & Mid Cap Fund Direct Plan GrowthTata Large & Mid Cap Fund Direct Plan Growth1.21%

Company Information

Redington Ltd is a leading global technology distribution company, incorporated in 1993 and headquartered in Chennai, India. Redington has grown exponentially over the past 25 years, with a presence in over 50 countries across the Middle East, Africa, and Asia.

Redington's operations span a wide range of products and services, including IT hardware, consumer electronics, lifestyle products, enterprise solutions, and more. Redington is a major player in the IT hardware market, offering products from top brands such as Dell, HP, Lenovo, and Acer. The company also distributes consumer electronics from brands such as Apple, Samsung, Sony, and LG. Redington's lifestyle products include watches, sunglasses, apparel, and accessories from popular brands such as Fossil, Ray-Ban, and Tommy Hilfiger.

Redington's enterprise solutions are tailored to meet the needs of businesses, providing services such as cloud computing, data analytics, and enterprise mobility. The company also offers a wide range of software solutions from popular brands such as Microsoft, Oracle, and Adobe.

Share Price: ₹208.10 per share as on 12 Jul, 2024 04:01 PM
Market Capitalisation: ₹16,360.98Cr as of today
Revenue: ₹22,433.41Cr as on March 2024 (Q1 24)
Net Profit: ₹323.89Cr as on March 2024 (Q1 24)
Listing date: 15 Feb, 2007
Chairperson Name: J Ramachandran
OrganisationRedington Ltd
Headquarters
IndustryTrading
E-voting on sharesClick here to vote

Key events for Redington Ltd

  • Redington Ltd Offers Strong Dividend Yield and Robust Growth - 02 Jul, 2024

    Redington (India) Limited offers a dividend yield of 3.23% and has shown robust growth with net income rising to ₹2,000.00 million from ₹1,500.00 million YoY. The company's strong dividend history is supported by earnings and cash flows, indicating sustainability.

  • Redington Ltd's Dividend Reliability and Stability Mixed - 26 Jun, 2024

    Despite a recent dividend of INR 6.20 per share, Redington Ltd has shown mixed track record in dividend reliability and stability over the past decade. Financial performance for FY2024 showed an increase in sales but a drop in net income, suggesting potential challenges ahead for sustaining dividend growth despite current adequate coverage ratios.

  • Redington Ltd Shows Promising Financial Health - 11 Jun, 2024

    Despite an unstable dividend track record, Redington Ltd is trading below the broader Indian market P/E at 14x and has a top quartile dividend yield of 3.31%. Dividends are well-covered by both earnings and cash flows, suggesting cautious optimism for future sustainability amidst past inconsistencies.

  • Redington Ltd Offers Value Below Indian Market Average - 07 Jun, 2024

    Redington Ltd, trading at a P/E of 13.2x, offers value below the Indian market average of 29.2x and is competitive within its industry. Recent financials show strength with rising annual sales and net income. Dividends are supported by an earnings payout ratio of 40.4% and cash payout ratio of 58.8%, though future dividends will be considered in an upcoming board meeting on June 4.

  • Redington Board Recommends Dividend for FY24 - 04 Jun, 2024

    Redington Ltd's board has recommended a dividend of Rs 6.20 per share for the financial year ended March 31, 2024, subject to shareholder approval. The company's consolidated net profit rose 5% to Rs 325.59 crore in Q4 FY24 over Q4 FY23. However, the stock fell 4.02% following the announcement.

Insights on Redington Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 11.90% to 12.08% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 32.85% to 33.95% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, TVS Electronics Ltd has given 82.7% return, outperforming this stock by 63.9%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Empower India Ltd has given 366.0% return, outperforming this stock by 354.3%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 340.78 Cr → 325.59 Cr (in ₹), with an average decrease of 4.5% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 23.54K Cr → 22.51K Cr (in ₹), with an average decrease of 4.4% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, REDINGTON stock has moved down by -6.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 25.06% to 23.30% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹22,433.41Cr
↓4.56%
Net Income
₹323.89Cr
↓6.90%
Net Profit Margin
1.44%
↓2.70%
2024Y/Y Change
Revenue
₹89,345.71Cr
↑12.56%
Net Income
₹1,238.61Cr
↓13.95%
Net Profit Margin
1.39%
↓23.20%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹10,776.48Cr
↑10.19%
Total Liabilities
₹7,152.22Cr
↑7.17%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹2,086.84Cr
↓411.42%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
33.95%
0.00
Mutual Funds
12.08%
0.00
Retail Investors
23.3%
0.00
Others
30.67%
0.00

Key Indicators

Redington Ltd Valuation

Redington Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.29x)

March 27, 2020

Today (13.36x)

July 12, 2024

Industry (105.55x)

July 12, 2024

Highest (22.53x)

July 13, 2021

LowHigh

Earnings and Dividends

  • Redington Ltd Earnings Results

    Redington Ltd’s net profit jumped 5% since last year same period to ₹325.59Cr in the Q4 2023-2024. On a quarterly growth basis, Redington Ltd has generated -4.46% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Redington Ltd Dividends June,2024

    In the quarter ending March 2024, Redington Ltd has declared dividend of ₹6.20 - translating a dividend yield of 2.98%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Redington Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Redington Ltd (REDINGTON) share price today is ₹208.1

Redington Ltd is listed on NSE

Redington Ltd is listed on BSE

  • Today’s highest price of Redington Ltd is ₹213.2.
  • Today’s lowest price of Redington Ltd is ₹205.72.

PE Ratio of Redington Ltd is 13.36

PE ratio = Redington Ltd Market price per share / Redington Ltd Earnings per share

Today’s traded volume of Redington Ltd(REDINGTON) is 15.18L.

Today’s market capitalisation of Redington Ltd(REDINGTON) is ₹16360.98Cr.

Redington Ltd(REDINGTONPrice
52 Week High
₹237.55
52 Week Low
₹136.2

Redington Ltd(REDINGTON) share price is ₹208.1. It is down -12.40% from its 52 Week High price of ₹237.55

Redington Ltd(REDINGTON) share price is ₹208.1. It is up 52.79% from its 52 Week Low price of ₹136.2

Redington Ltd(REDINGTONReturns
1 Day Returns
-1.18%
1 Month Returns
-6.29%
3 Month Returns
-6.01%
1 Year Returns
11.73%