Redington Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2016 • Distribution & Service: 98.4% • Others: 1.6%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company has a healthy return on capital (ROCE) of 23.4%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 94.6% YoY, showing strong momentum
- Company has delivered good sales growth of 15.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 31.5%
CONS
- Recent results are weak - TTM profit is down 34.6% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.37x)
- Recurring exceptional / one-off items are inflating headline profit
- Valuation is stretched - P/E of 18.1 is well above its own 5-year median (11.8)
- Growth is decelerating - 3Y profit CAGR (-3.7%) trails the 5Y trend (10.2%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 3057.10 | 55.59 | 413846.54 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| AEGISLOG | 1353.10 | 37.96 | 47493.81 | 0.64 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3830.15 | 94.94 | 45310.84 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| PREMIERENE | 974.55 | 26.57 | 44239.84 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| REDINGTON | 393.65 | 18.09 | 30774.55 | 1.52 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.95 | 61.70 | 15354.11 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 20.87 | 14.58 |
| LLOYDSENT | 69.79 | 94.88 | 10653.81 | 0.21 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 751.25 | 76.16 | 9468.39 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 61.96 | 20.78 | 9294.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1819.35 | 63.14 | 7918.37 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| EBGNG | 683.00 | 54.67 | 7786.99 | 0.00 | 28.93 | 56.21 | 412.46 | 32.08 | 20.58 | 11.97 |
| CELLO | 333.00 | 24.01 | 7510.42 | 0.45 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21,187 | 22,220 | 23,505 | 22,433 | 21,282 | 24,896 | 26,716 | 26,440 | 25,952 | 29,076 | 30,922 | 33,213 | 34,922 | |
| 20,768 | 21,739 | 22,988 | 21,974 | 20,911 | 24,437 | 26,114 | 25,843 | 25,552 | 28,487 | 30,296 | 32,599 | 34,355 | |
| Operating Profit | 419 | 481 | 517 | 459 | 371 | 458 | 602 | 597 | 400 | 589 | 626 | 614 | 568 |
| OPM % | 1.98% | 2.17% | 2.20% | 2.05% | 1.74% | 1.84% | 2.26% | 2.26% | 1.54% | 2.03% | 2.02% | 1.85% | 1.63% |
| 64 | 76 | 45 | 79 | 53 | 57 | 48 | 696 | 50 | 43 | 37 | -97 | 43 | |
| Interest | 88 | 106 | 85 | 106 | 81 | 84 | 84 | 82 | 92 | 116 | 79 | 72 | 89 |
| Depreciation | 42 | 44 | 43 | 52 | 51 | 49 | 54 | 63 | 54 | 55 | 47 | 50 | 51 |
| Profit before Tax | 352 | 408 | 434 | 381 | 292 | 381 | 513 | 1,148 | 304 | 460 | 538 | 395 | 611 |
| Tax % | 27.47% | 23.68% | 19.83% | 14.89% | 25.79% | 25.82% | 21.43% | 20.07% | 23.44% | 23.83% | 23.13% | 27.24% | 25.76% |
| Net Profit | 0 | 0 | 0 | 0 | 217 | 283 | 403 | 918 | 233 | 350 | 413 | 288 | 453 |
| 3.18 | 3.88 | 4.36 | 4.16 | 3.15 | 3.75 | 5.12 | 8.51 | 3.52 | 4.96 | 5.57 | 5.01 | 6.22 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 41,115 | 41,603 | 46,536 | 51,465 | 56,946 | 62,644 | 79,377 | 89,346 | 99,334 | 1,19,162 | 1,28,133 | |
| 40,277 | 40,757 | 45,570 | 50,373 | 55,534 | 60,797 | 77,028 | 87,019 | 96,979 | 1,16,700 | 1,25,736 | |
| Operating Profit | 838 | 846 | 966 | 1,092 | 1,412 | 1,847 | 2,349 | 2,327 | 2,355 | 2,462 | 2,397 |
| OPM % | 2.04% | 2.03% | 2.08% | 2.12% | 2.48% | 2.95% | 2.96% | 2.60% | 2.37% | 2.07% | 1.87% |
| 63 | 39 | -8 | 44 | 89 | 88 | 142 | 266 | 854 | 33 | 26 | |
| Interest | 192 | 197 | 271 | 289 | 225 | 171 | 502 | 837 | 656 | 591 | 356 |
| Depreciation | 55 | 57 | 63 | 155 | 148 | 141 | 155 | 181 | 218 | 206 | 203 |
| Profit before Tax | 655 | 631 | 623 | 692 | 1,128 | 1,622 | 1,833 | 1,575 | 2,335 | 1,697 | 2,004 |
| Tax % | 27.16% | 23.18% | 22.28% | 22.88% | 30.11% | 18.95% | 21.49% | 21.34% | 22.02% | 24.33% | 24.90% |
| Net Profit | 477 | 484 | 484 | 534 | 788 | 1,315 | 1,439 | 1,239 | 1,821 | 1,284 | 1,505 |
| EPS | 11.61 | 12.04 | 12.80 | 13.24 | 9.72 | 16.39 | 17.81 | 15.59 | 20.53 | 19.06 | — |
| Dividend Payout % | 37.04% | 19.94% | 25.29% | 32.47% | 59.54% | 40.30% | 40.41% | 39.77% | 33.12% | 31.48% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 14%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 22%
- 3 Years:
- 35%
- 1 Year:
- 63%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 20%
- 3 Years:
- 18%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 78 | 78 | 78 | 156 | 156 | 156 | 156 | 156 |
| Minority Interest | 362 | 359 | 345 | 381 | 373 | 323 | 366 | 313 | 476 | 263 |
| 3,068 | 3,446 | 3,807 | 4,199 | 4,829 | 5,624 | 6,767 | 7,392 | 8,564 | 10,004 | |
| 1,516 | 1,458 | 1,314 | 2,702 | 568 | 777 | 3,251 | 2,889 | 2,748 | 2,773 | |
| Trade Payables | 4,433 | 4,765 | 5,905 | 6,275 | 7,300 | 10,154 | 10,971 | 11,869 | 13,392 | 18,039 |
| 846 | 884 | 1,086 | 1,076 | 1,708 | 1,634 | 2,130 | 1,686 | 2,170 | 2,398 | |
| Total Liabilities | 10,304 | 10,992 | 12,534 | 14,711 | 14,855 | 18,669 | 23,641 | 24,305 | 27,506 | 33,634 |
| 476 | 470 | 454 | 714 | 605 | 700 | 866 | 848 | 833 | 627 | |
| Capital Work in Progress | 0 | 3 | 8 | 0 | 0 | 85 | 8 | 1 | 11 | 67 |
| 5 | 4 | 7 | 0 | 0 | 0 | 34 | 0 | 0 | 0 | |
| 3,375 | 3,107 | 3,859 | 3,673 | 2,902 | 4,383 | 7,085 | 6,653 | 6,287 | 8,171 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,934 | 17,330 | 21,569 | |
| Cash & Bank | 721 | 541 | 877 | 2,377 | 3,493 | 3,659 | 1,951 | 1,621 | 1,381 | 1,122 |
| 5,727 | 6,867 | 7,329 | 7,947 | 7,855 | 9,842 | 13,697 | 1,248 | 1,663 | 2,078 | |
| Total Assets | 10,304 | 10,992 | 12,534 | 14,711 | 14,855 | 18,669 | 23,641 | 24,305 | 27,506 | 33,634 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,530 | 337 | 1,269 | 1,094 | 3,760 | 1,266 | -2,899 | 1,079 | 293 | 231 | |
| Cash from Investing | -75 | -19 | -94 | -58 | -497 | -57 | 176 | 145 | 560 | -10 |
| Cash from Financing | -1,131 | -199 | -651 | 443 | -2,241 | -476 | 1,529 | -1,381 | -1,171 | -999 |
| 154 | -32 | 323 | 1,351 | 759 | 457 | -1,529 | -156 | -319 | -779 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Redington Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "Press Release - Siemens and Redington collaborate to accelerate digital transformation across Africa ".
2026-09-09 - Redington Limited has informed the Exchange about Schedule of meet
2026-09-05 - Redington Limited has informed the Exchange about Schedule of meet
2026-08-14 - Redington Limited has informed the Exchange about Schedule of meet
2026-08-12 - Redington Limited has informed the Exchange about Schedule of meet
2026-08-07 - Redington Limited has informed the Exchange about Schedule of meet
2026-08-05 - Redington Limited has informed the Exchange about Transcript
2026-07-31 - Redington Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 29, 2026. Further, the company has informed the Exchange regarding voting results.
2026-07-30 - Redington Limited has informed the Exchange about Investor Data Book -Q1 FY27
News
Recent coverage and analyst commentary for REDINGTON
Loading news…
AI Stock Analyst
Redington Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account