Redington Limited (IN:REDINGTON)
:REDINGTON
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Redington Limited
(REDINGTON)
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Rating:69Neutral
Price Target:
₹247.00
▼(-13.52% Downside)
Action:DowngradedDate:03/28/26
The score is primarily supported by strong financial performance (solid revenue/profitability trends and a stable balance sheet), but is held back by weak technicals (below key moving averages with negative MACD). Valuation is supportive due to a low P/E and a solid dividend yield, partially offsetting the near-term momentum risk.
Positive Factors
Revenue & EPS Growth
Sustained top-line expansion (near 18% revenue growth) together with strong EPS growth indicates durable demand and improving operational leverage. Over 2-6 months this supports reinvestment capacity, stronger bargaining with vendors, and continued channel throughput expansion.
Negative Factors
Inconsistent Cash Generation
Volatile operating cash flows and inconsistent free cash flow limit the company's ability to fund working capital, vendor payouts and strategic investments without relying on external financing. Over several months this can constrain flexibility and dividend consistency.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & EPS Growth
Sustained top-line expansion (near 18% revenue growth) together with strong EPS growth indicates durable demand and improving operational leverage. Over 2-6 months this supports reinvestment capacity, stronger bargaining with vendors, and continued channel throughput expansion.
Read all positive factors
Redington Limited (REDINGTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹171.21B
Dividend Yield2.48%
Average Volume (3M)993.16K
Price to Earnings (P/E)12.2
Beta (1Y)1.38
Revenue Growth17.90%
EPS Growth39.51%
CountryIN
Employees5,037
SectorServices
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.59
Shares Outstanding781,774,400
10 Day Avg. Volume364,043
30 Day Avg. Volume993,159
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)2.06
Price to Sales (P/S)0.18
P/FCF Ratio114.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)24.2
Revenue Forecast (FY)₹1.32T
Redington Limited Business Overview & Revenue Model
Company Description
Redington Limited provides supply chain solutions for information technology products, telecom, lifestyle, healthcare, and solar products in India and internationally. The company distributes IT hardware and software products, including consumer a...
How the Company Makes Money
Redington makes money mainly through distribution-led sales and supply-chain services for technology brands. Its core revenue model is to procure products (and, in some cases, associated licenses/services) from OEMs and other principals and sell t...
Redington Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08T | 992.91B | 893.10B | 793.37B | 626.12B | 569.34B |
| Gross Profit | 40.20B | 38.07B | 37.83B | 35.77B | 29.12B | 23.32B |
| EBITDA | 30.13B | 28.70B | 21.30B | 22.52B | 18.74B | 14.24B |
| Net Income | 17.29B | 16.05B | 12.19B | 13.93B | 12.80B | 7.58B |
Balance Sheet | ||||||
| Total Assets | 297.93B | 275.84B | 243.94B | 232.83B | 184.16B | 145.62B |
| Cash, Cash Equivalents and Short-Term Investments | 13.71B | 13.72B | 16.12B | 19.72B | 36.47B | 35.15B |
| Total Debt | 26.09B | 28.09B | 29.58B | 33.21B | 8.31B | 6.22B |
| Total Liabilities | 203.97B | 183.87B | 165.32B | 159.90B | 123.08B | 92.50B |
| Stockholders Equity | 90.12B | 87.21B | 75.49B | 69.27B | 57.85B | 49.39B |
Cash Flow | ||||||
| Free Cash Flow | 6.41B | 1.56B | 9.57B | -33.96B | 8.63B | 34.49B |
| Operating Cash Flow | 7.37B | 2.93B | 10.79B | -32.34B | 9.89B | 34.97B |
| Investing Cash Flow | 228.50M | 5.60B | 1.45B | 1.76B | -565.20M | -4.97B |
| Financing Cash Flow | -8.66B | -11.71B | -13.81B | 15.29B | -4.76B | -22.41B |
Redington Limited Technical Analysis
Neutral
285.60
Price Trends
240.06
Negative
257.21
Negative
265.30
Negative
Market Momentum
-3.55
Negative
57.15
Neutral
90.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:REDINGTON, the sentiment is Neutral. The current price of 285.6 is above the 20-day moving average (MA) of 215.25, above the 50-day MA of 240.06, and above the 200-day MA of 265.30, indicating a neutral trend. The MACD of -3.55 indicates Negative momentum. The RSI at 57.15 is Neutral, neither overbought nor oversold. The STOCH value of 90.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:REDINGTON.
Redington Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹44.57B | 18.11 | ― | 2.79% | 1.83% | 83.49% | |
70 Outperform | ₹74.55B | 18.01 | ― | 0.94% | 8.65% | 13.08% | |
69 Neutral | ₹171.21B | 12.21 | ― | 2.48% | 17.90% | 39.51% | |
67 Neutral | ₹116.07B | 20.31 | ― | 0.31% | 47.64% | 41.91% | |
66 Neutral | ₹13.94B | ― | ― | 19.52% | -43.51% | -374.04% | |
57 Neutral | ₹346.65B | 190.78 | ― | ― | 11.73% | 629.04% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:REDINGTON
Redington Limited
214.40
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Redington Limited Corporate Events
Redington Gets Tax Appeal Relief as INR 136 Crore Demand Quashed
Feb 20, 2026
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) for assessment year 2021-22, which quashes a tax demand of INR 136.25 crore previously raised by the Income Tax Department. The company, which had cont...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.