Redington Ltd.

•

redingtongroup.comBSE: 532805NSE: REDINGTON

Market Cap₹ 30,775 Cr.

Current Price

High / Low₹ 403 / 191

Stock P/E22.6

Book Value₹ 72

Price to Book2.94

Dividend Yield1.52 %

ROCE26.9 %

ROE25.2 %

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 delivered good profit growth of 36.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%
Company has a healthy return on capital (ROCE) of 30.2%
Latest quarter profit grew 60.3% YoY, showing strong momentum
Company has delivered good sales growth of 22.9% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 37.7%

CONS

A large part of profit comes from other income (26.9% of PBT)
Recent results are weak - TTM profit is down 10.7% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.19x)
Valuation is stretched - P/E of 22.6 is well above its own 5-year median (13.2)
Growth is decelerating - 3Y profit CAGR (5.1%) trails the 5Y trend (36.4%)
Expensive relative to growth - PEG of 4.4

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	9,705	9,928	11,104	10,490	10,302	12,385	13,095	13,121	12,757	15,185	16,271	19,587	20,753
	9,465	9,666	10,854	10,237	10,050	12,108	12,796	12,816	12,465	14,854	15,951	19,188	20,345
Operating Profit	240	262	250	254	252	277	298	305	292	331	320	400	409
OPM %	2.47%	2.64%	2.25%	2.42%	2.45%	2.24%	2.28%	2.32%	2.29%	2.18%	1.97%	2.04%	1.97%
	54	423	16	21	8	445	272	16	20	319	17	26	25
Interest	40	44	47	48	40	32	31	29	33	32	23	27	38
Depreciation	8	9	10	10	10	9	9	15	10	10	10	11	10
Profit before Tax	245	632	209	217	210	682	531	276	269	608	305	389	434
Tax %	20.89%	9.32%	26.65%	25.91%	25.76%	9.34%	13.21%	24.13%	25.67%	12.59%	26.69%	25.76%	26.01%
Net Profit	194	573	154	161	156	618	461	209	200	532	223	289	321
	2.48	7.33	1.96	2.05	1.99	7.91	5.89	2.68	2.56	6.80	2.86	3.69	4.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	15,759	14,844	16,851	18,633	22,721	27,019	35,341	41,228	48,902	63,801	71,797
	15,386	14,492	16,540	18,265	22,258	26,377	34,483	40,208	47,744	62,475	70,337
Operating Profit	373	352	311	368	463	642	859	1,020	1,159	1,326	1,460
OPM %	2.37%	2.37%	1.85%	1.97%	2.04%	2.37%	2.43%	2.47%	2.37%	2.08%	2.03%
	46	46	78	403	99	512	542	529	758	422	388
Interest	94	113	151	119	66	19	98	209	175	137	120
Depreciation	12	14	12	26	28	30	26	36	43	40	41
Profit before Tax	313	271	226	626	468	1,104	1,276	1,303	1,698	1,571	1,736
Tax %	33.45%	32.22%	32.62%	21.76%	43.70%	15.33%	16.01%	17.04%	14.98%	20.82%	21.37%
Net Profit	208	184	152	490	263	935	1,072	1,081	1,444	1,244	1,365
EPS	5.21	4.60	3.84	12.58	3.38	11.97	13.71	13.83	18.47	15.91	—
Dividend Payout %	82.52%	52.22%	84.40%	34.17%	171.45%	55.16%	52.50%	44.83%	36.82%	37.71%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 23%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 21%
5 Years:: 36%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: 22%
5 Years:: 22%
3 Years:: 35%
1 Year:: 63%

RETURN ON EQUITY

10 Years:: 25%
5 Years:: 34%
3 Years:: 31%
Last Year:: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,530	1,605	1,505	1,703	1,959	2,388	2,947	3,468	4,430	5,147
	707	766	831	1,189	15	20	1,652	1,600	1,410	1,486
Trade Payables	1,984	1,660	2,387	2,303	2,746	4,854	4,466	5,104	6,570	9,691
	325	415	464	510	664	599	778	669	432	983
Total Liabilities	4,626	4,525	5,264	5,783	5,462	8,018	9,999	10,997	13,000	17,462
	97	92	85	88	71	60	172	178	181	188
Capital Work in Progress	0	3	3	0	0	85	8	1	8	3
	603	605	638	645	640	668	750	750	750	750
	1,566	1,089	1,533	1,118	1,061	1,851	2,522	2,498	2,885	4,191
	0	0	0	0	0	0	0	6,657	8,352	10,987
Cash & Bank	77	120	121	618	304	876	190	139	89	147
	2,283	2,616	2,883	3,314	3,386	4,478	6,356	773	733	1,196
Total Assets	4,626	4,525	5,264	5,783	5,462	8,018	9,999	10,997	13,000	17,462

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	204	233	451	355	1,024	843	-1,911	272	94	360
Cash from Investing	-20	61	-28	349	33	367	351	471	684	288
Cash from Financing	-88	-90	-296	-88	-1,217	-468	1,048	-791	-835	-586
	-12	113	-1	501	-314	570	-688	-48	-56	62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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Free 5nance Account

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

9,705

9,928

11,104

10,490

10,302

12,385

13,095

13,121

12,757

15,185

16,271

19,587

20,753

9,465

9,666

10,854

10,237

10,050

12,108

12,796

12,816

12,465

14,854

15,951

19,188

20,345

Operating Profit

240

262

250

254

252

277

298

305

292

331

320

400

409

OPM %

2.47%

2.64%

2.25%

2.42%

2.45%

2.24%

2.28%

2.32%

2.29%

2.18%

1.97%

2.04%

1.97%

423

445

272

319

Interest

Depreciation

Profit before Tax

245

632

209

217

210

682

531

276

269

608

305

389

434

Tax %

20.89%

9.32%

26.65%

25.91%

25.76%

9.34%

13.21%

24.13%

25.67%

12.59%

26.69%

25.76%

26.01%

Net Profit

194

573

154

161

156

618

461

209

200

532

223

289

321

2.48

7.33

1.96

2.05

1.99

7.91

5.89

2.68

2.56

6.80

2.86

3.69

4.11

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

15,759

14,844

16,851

18,633

22,721

27,019

35,341

41,228

48,902

63,801

71,797

15,386

14,492

16,540

18,265

22,258

26,377

34,483

40,208

47,744

62,475

70,337

Operating Profit

373

352

311

368

463

642

859

1,020

1,159

1,326

1,460

OPM %

2.37%

1.85%

1.97%

2.04%

2.37%

2.43%

2.47%

2.37%

2.08%

2.03%

403

512

542

529

758

422

388

Interest

113

151

119

209

175

137

120

Depreciation

Profit before Tax

313

271

226

626

468

1,104

1,276

1,303

1,698

1,571

1,736

Tax %

33.45%

32.22%

32.62%

21.76%

43.70%

15.33%

16.01%

17.04%

14.98%

20.82%

21.37%

Net Profit

208

184

152

490

263

935

1,072

1,081

1,444

1,244

1,365

EPS

5.21

4.60

3.84

12.58

3.38

11.97

13.71

13.83

18.47

15.91

—

Dividend Payout %

82.52%

52.22%

84.40%

34.17%

171.45%

55.16%

52.50%

44.83%

36.82%

37.71%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

156

1,530

1,605

1,505

1,703

1,959

2,388

2,947

3,468

4,430

5,147

707

766

831

1,189

1,652

1,600

1,410

1,486

Trade Payables

1,984

1,660

2,387

2,303

2,746

4,854

4,466

5,104

6,570

9,691

325

415

464

510

664

599

778

669

432

983

Total Liabilities

4,626

4,525

5,264

5,783

5,462

8,018

9,999

10,997

13,000

17,462

172

178

181

188

Capital Work in Progress

603

605

638

645

640

668

750

1,566

1,089

1,533

1,118

1,061

1,851

2,522

2,498

2,885

4,191

6,657

8,352

10,987

Cash & Bank

120

121

618

304

876

190

139

147

2,283

2,616

2,883

3,314

3,386

4,478

6,356

773

733

1,196

Total Assets

4,626

4,525

5,264

5,783

5,462

8,018

9,999

10,997

13,000

17,462

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

204

233

451

355

1,024

843

-1,911

272

360

Cash from Investing

-20

-28

349

367

351

471

684

288

Cash from Financing

-88

-90

-296

-88

-1,217

-468

1,048

-791

-835

-586

-12

113

-1

501

-314

570

-688

-48

-56

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