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Redington Ltd

₹ 284-0.56%
07 Jan – close price
🔗redingtongroup.com•BSE: 532805•NSE: REDINGTON
Market Cap₹ 22,234 Cr.
Current Price₹ 284
High / Low₹ 335
Stock P/E15.9
Book Value₹ 61.3
Dividend Yield2.39 %
ROCE32.6 %
ROE35.0 %
Face Value₹ 2.00
Sales₹ 54,159 Cr.
OPM2.26 %
Mar Cap₹ 22,234 Cr.

ABOUT

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]

KEY POINTS

Leading distributor of technology[1]Company procures IT and mobility products from vendors, handles distribution logistics, sells them to resellers and dealers. The company has periodically added new products to its portfolio and continues to provide ancillary services like after-sales, third-party logistics through the subsidiary companies. Currently, Company has three automated distribution centres (ADCs)—in Chennai, and Kolkata in India, and Dubai.

Also present in buckets:
Excellent ResultsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Redington284.2015.8622233.582.39531.78-13.9615185.1222.6132.5554158.622.261402.00531.784.6412.080.30
2.MMTC67.98144.7210174.100.00170.81-2.381.10-29.497.702.94-3501.7070.3020.505.302.720.02
3.BN Agrochem375.0554.453666.970.0017.92414.94216.49–27.44719.21-1.0667.3417.928.2616.400.20
4.MSTC518.4516.563659.407.8147.5010.7785.0118.2029.26332.4358.23220.9747.504.399.980.17
5.Vintage Coffee174.3341.902520.630.0617.83137.42135.6189.5115.42430.5117.6160.1617.834.7911.480.17
6.TCC Concept473.4047.602249.980.0010.4312.7326.9360.0111.83103.6374.7747.2710.452.298.350.05
7.RRP Defense899.50493.601234.010.001.5915800.005.307471.4382.7214.1220.612.501.5981.2914.460.00
–Median: 50 Co.130.1135.69267.350.02.2312.7347.139.937.43157.392.818.752.193.242.860.2

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
9,43811,10413,0959,70510,30212,7579,71210,49013,1218,5809,92812,38515,185
Expenses
9,22510,85412,7969,46510,05012,4659,50210,23712,8168,3509,66612,10814,854
Operating Profit
213250298240252292210254305230262277331
Other Income
10162725482072116499423445319
Profit before tax
190209531245210269172217276712632682608
Tax %
26%27%13%21%26%26%27%26%24%8%9%9%13%
Net Profit
141154461194156200125161209656573618532
EPS in Rs
1.811.965.892.481.992.561.602.052.688.397.337.916.80

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
11,26212,02112,63815,75914,84416,85118,63322,72127,01935,34141,22848,90254,159
Expenses
10,96711,71712,29215,39514,50416,52918,23622,25026,36134,47740,21147,76652,932
Operating Profit
2963043463643413233964716588641,0171,1371,226
Other Income
114493646465837471488521513741627
Interest
83708686101143118461182190136125
Depreciation
11111012141226283026364344
Profit before tax
3152732853132712266264681,1041,2761,3031,6981,684
Net Profit
2401821892081841524902639351,0721,0811,4441,402
EPS in Rs
3.002.282.362.612.301.966.293.3811.9713.7113.8318.4717.93
Dividend Payout %
15%42%44%83%52%61%34%171%55%52%45%37%–

Compounded Profit Growth

10 Years:24%
5 Years:24%
3 Years:16%
TTM:29%

Compounded Sales Growth

10 Years:15%
5 Years:21%
3 Years:22%
TTM:22%

Return on Equity

10 Years:26%
5 Years:33%
3 Years:34%
Last Year:35%

Stock Price CAGR

10 Years:17%
5 Years:33%
3 Years:16%
1 Year:38%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
8080808080787878156156156156156
Reserves
1,1871,2811,4581,5301,6091,5261,7241,9902,3932,9503,4684,4304,635
Borrowings
3572844787077668311,20022211,6521,6031,4161,417
Other Liabilities
1,4071,3871,8912,2161,9932,7722,7123,1715,2975,0175,5467,0309,344
Total Liabilities
3,0313,0313,9074,5334,4495,2065,7145,2617,8679,77610,77313,03315,552
Fixed Assets
949691979285140120106172178181192
Gross Block
154.84151.09101.17118.46125.41128.21188.14185.74186.13246.39273.72263.65–
Accumulated Depreciation
60.6954.6010.0321.1933.6643.4048.6165.2679.8174.7095.4082.61–
CWIP
441401533-0-08510494
Investments
484546594603605638645640668750750750750
Other Assets
2,4492,3853,2083,8323,7374,4504,9294,5017,0088,8449,84012,09214,606
Total Assets
3,0313,0313,9074,5334,4495,2065,7145,2617,8679,77610,77313,03315,552

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
441952996142323240870670-2,08727294
Cash from Investing Activity
262-70-54-2061-2834933367351471684
Cash from Financing Activity
-362-19448-88-90-296-88-1,217-4681,048-791-835
Net Cash Flow
-55-6924-12113-1501-314570-688-48-56

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
403842465552554552585962
Inventory Days
292745382835231826272322
Days Payable
393551484354474668484751
Cash Conversion Cycle
303137364032311710373534
Working Capital Days
1619201719124149192125
ROCE %
20%20%20%18%16%15%27%20%48%37%29%33%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
––––––––––––
FIIs
60.78%60.50%59.22%56.26%56.99%58.09%57.87%58.07%58.53%60.57%62.58%61.81%
DIIs
16.66%16.68%17.40%17.38%17.92%18.57%18.14%18.08%18.64%17.87%16.65%16.97%
Public
22.56%22.82%23.36%26.34%25.05%23.29%23.99%23.84%22.82%21.50%20.71%21.17%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Redington Cancels Analyst / Institutional Investor Meeting Scheduled for April 7

3rd April 2026, 10:44 pm

Redington to Close Trading Window from April 1, 2026, for Financial Results

30th March 2026, 11:10 pm

Redington Updates on Geopolitical Impact in Gulf Region

17th March 2026, 2:05 am

Redington Receives Favourable Tax Order, INR 230.21 Cr Demand Quashed

11th March 2026, 11:35 pm

Redington Clarifies Volume Movement to BSE, Cites Market Factors

11th March 2026, 7:24 pm

Published by Other Websites

External media mentions & references

Redington Shares Dive 5% on West Asia Crisis Disruption

17th March 2026, 10:57 am

Redington Operations Hit by Gulf Tensions; Impact Unclear

17th March 2026, 7:45 am

RIL $3B Deal, Tata Motors Price Hike, Sun Pharma FDA Nod: Stocks in Focus

17th March 2026, 7:35 am

Redington Halts Gulf Operations Amid Geopolitical Supply Chain Crisis

16th March 2026, 9:30 pm

Redington's Gulf Ops Restricted By West Asia Tensions; Employee Safety Paramount

16th March 2026, 9:09 pm

News Articles

Editorial & research coverage

Redington Faces ₹148 Crore GST Demand: Company Assures No Material Impact Amidst Strong Q2 Performance
Redington Faces ₹148 Crore GST Demand: Company Assures No Material Impact Amidst Strong Q2 Performance

31st December 2025, 5:31 pm

Indian Markets Tumble! Small & Midcaps Face Steep Sell-Off – What's Driving the Shock?
Indian Markets Tumble! Small & Midcaps Face Steep Sell-Off – What's Driving the Shock?

16th December 2025, 12:58 pm

Indian Market Outflows: Why FIIs Are Doubling Down on 360 ONE WAM and Redington
Indian Market Outflows: Why FIIs Are Doubling Down on 360 ONE WAM and Redington

16th November 2025, 7:57 am

Indian Stock Market Ends Week Lower Amid FII Outflows; PSU Banks Shine
Indian Stock Market Ends Week Lower Amid FII Outflows; PSU Banks Shine

8th November 2025, 1:20 pm

Indian Equity Indices Extend Losses; Nifty Closes Below 25,500 Amid Broad-Based Decline
Indian Equity Indices Extend Losses; Nifty Closes Below 25,500 Amid Broad-Based Decline

6th November 2025, 4:14 pm

Documents

Announcements

Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015

31 Dec - GST order dated Dec 30, 2025 demands INR 148.33 Cr for FY2018-19, 2019-20 and 2021-22.

Closure of Trading Window

29 Dec - Trading window closed Jan 1, 2026 until 48 hours after Q4 (Dec-31,2025) results declaration.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

12 Nov 2025 - 1x1 investor meeting on 18 Nov 2025 with Avendus Spark Institutional Equities in Mumbai.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

12 Nov 2025 - Q2 FY26 transcript (Nov 6, 2025); revenue INR29,118 crore; PAT INR388 crore.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

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Financial Year 2018

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Financial Year 2017

(from bse)

Financial Year 2016

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Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

30 Sep 2025 from icra

Rating update

27 May 2025 from crisil

Rating update

7 Mar 2025 from icra

Rating update

7 Jan 2025 from icra

Rating update

30 Dec 2024 from crisil

Rating update

24 Sep 2024 from icra

Concalls

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Stock Analysis

Description

  1. Redington Limited is a leading distributor of IT and mobility products, and a provider of supply chain management solutions in India, the Middle East, Turkey, and Africa.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Received GST assessment order from CGST Gurugram for FY18-19, FY19-20, and FY21-22.
  2. Order includes a demand of INR 148.33 Cr, encompassing interest and penalties.
  3. Company assesses the impact as NIL and expects no material financial consequences.

Key Dates To Watch

  1. December 30, 2025: Date of the GST assessment order.
  2. December 31, 2025: Date of company's intimation to stock exchanges.

Corporate Announcements

3rd Apr 26
Impact Rating: 6
Redington Limited has informed exchanges about the cancellation of an Analyst and Institutional Investor meeting, originally planned for April 7, 2026. The company cited SEBI regulations for the intimation.
30th Mar 26
Impact Rating: 6
Redington Limited will halt insider trading from April 1, 2026, until 48 hours post declaration of financial results for the quarter and fiscal year ending March 31, 2026.
16th Mar 26
Impact Rating: 7
Redington Limited notes geopolitical developments in the Gulf are causing restricted operations, rerouted shipments, increased freight costs, and higher working capital demands. Financial impact remains unquantifiable.
11th Mar 26
Impact Rating: 9
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) quashing INR 230.21 Cr of the total INR 233.66 Cr tax demand raised for the Assessment Year 2020-21.
11th Mar 26
Impact Rating: 3
Redington Limited has formally responded to BSE regarding unusual trading volume in its shares, attributing the movements to market-driven factors. The company reaffirmed its commitment to adhere to SEBI's listing and disclosure requirements.