Redington Ltd.

•

redingtongroup.comBSE: 532805NSE: REDINGTON

Market Cap₹ 30,775 Cr.

Current Price

High / Low₹ 403 / 191

Stock P/E18.1

Book Value₹ 136

Price to Book1.53

Dividend Yield1.52 %

ROCE19.0 %

ROE13.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Distribution & Service: 98.4% • Others: 1.6%

AI Sector View

AI GENERATED

Services

Buy

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.

Confidence

72%

View full sector analysis →

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

ServicesTradingTrading

Part ofNIFTY DIV OPPS 50 NIFTY TOTAL MKT NIFTY SMLCAP 50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	ADANIENT	3057.10	55.59	413846.54	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1353.10	37.96	47493.81	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	CPPLUS	3830.15	94.94	45310.84	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	PREMIERENE	974.55	26.57	44239.84	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
5.	REDINGTON	393.65	18.09	30774.55	1.52	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.95	61.70	15354.11	0.64	90.45	118.87	755.95	27.00	20.87	14.58
7.	LLOYDSENT	69.79	94.88	10653.81	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	751.25	76.16	9468.39	0.00	455.80	1310.71	13085.70	1044.08	10.43	4.49
9.	MMTC	61.96	20.78	9294.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1819.35	63.14	7918.37	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	EBGNG	683.00	54.67	7786.99	0.00	28.93	56.21	412.46	32.08	20.58	11.97
12.	CELLO	333.00	24.01	7510.42	0.45	73.40	-8.99	526.72	-0.43	17.15	18.80

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	57.83	58.02	58.53	60.57	62.58	61.81	61.94	61.49	61.96
	18.14	18.08	18.64	17.87	16.65	16.97	17.28	17.12	16.37
	0.00	0.00	0.00	0.05	0.06	0.05	0.05	0.06	0.06
	23.99	23.84	22.84	21.51	20.71	21.17	20.73	21.34	21.61

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Press Release

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Redington Limited has informed the Exchange about Schedule of meet

2026-09-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-05 - Redington Limited has informed the Exchange about Schedule of meet

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Redington Limited has informed the Exchange about Schedule of meet

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Redington Limited has informed the Exchange about Schedule of meet

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Redington Limited has informed the Exchange about Schedule of meet

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Redington Limited has informed the Exchange about Transcript

2026-07-31

Shareholders meeting

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Redington Limited has informed the Exchange about Investor Data Book -Q1 FY27

News

Recent coverage and analyst commentary for REDINGTON

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AI Stock Analyst

Redington Ltd.

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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

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%

1.54%

2.03%

2.02%

1.85%

1.63%

696

-97

Interest

106

116

Depreciation

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

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

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%

-8

142

266

854

Interest

192

197

271

289

225

171

502

837

656

591

356

Depreciation

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

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%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

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

3,375

3,107

3,859

3,673

2,902

4,383

7,085

6,653

6,287

8,171

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

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

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

57.83

58.02

58.53

60.57

62.58

61.81

61.94

61.49

61.96

18.14

18.08

18.64

17.87

16.65

16.97

17.28

17.12

16.37

0.00

0.05

0.06

0.05

0.06

23.99

23.84

22.84

21.51

20.71

21.17

20.73

21.34

21.61

Redington Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Redington Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI