Redington Limited (IN:REDINGTON)
:REDINGTON
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Redington Limited
(REDINGTON)
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Rating:60Neutral
Price Target:
₹232.00
▼(-18.77% Downside)
Action:Reiterated
Date:05/18/26
The score is primarily constrained by financial performance risk—especially volatile cash flows turning negative in 2026 alongside margin compression—despite strong revenue growth and a generally manageable balance sheet. Valuation is a clear support (low P/E and ~3% dividend yield), while technicals remain subdued with the stock trading below key longer-term moving averages and negative MACD.
Positive Factors
Strong Revenue Growth
Sustained top-line expansion to 1,191.6B in 2026 demonstrates durable demand and effective channel reach. Reliable revenue scale supports bargaining with OEM partners, spreads fixed costs, and underpins long-term service and logistics offerings even if margins face pressure.
Negative Factors
Weak Cash Generation
Volatile and recently negative operating and free cash flows raise execution risk: working-capital swings can erode liquidity, strain vendor/channel financing, and limit capacity to fund growth or absorb margin shocks without external capital or tighter credit terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained top-line expansion to 1,191.6B in 2026 demonstrates durable demand and effective channel reach. Reliable revenue scale supports bargaining with OEM partners, spreads fixed costs, and underpins long-term service and logistics offerings even if margins face pressure.
Read all positive factors
Redington Limited (REDINGTON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹171.76B
Dividend Yield2.48%
Average Volume (3M)993.16K
Price to Earnings (P/E)10.5
Beta (1Y)1.35
Revenue Growth19.96%
EPS Growth-7.12%
CountryIN
Employees5,037
SectorServices
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)22.11
Shares Outstanding781,774,400
10 Day Avg. Volume364,043
30 Day Avg. Volume993,159
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)1.54
Price to Sales (P/S)0.13
P/FCF Ratio-93.62
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
62
Positive
Balance Sheet
71
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08T | 1.19T | 992.91B | 893.10B | 793.37B | 626.12B |
| Gross Profit | 40.20B | 40.40B | 38.07B | 37.83B | 35.77B | 29.12B |
| EBITDA | 30.13B | 22.39B | 28.70B | 21.30B | 22.52B | 18.74B |
| Net Income | 17.29B | 14.90B | 16.05B | 12.19B | 13.93B | 12.80B |
Balance Sheet | ||||||
| Total Assets | 297.93B | 338.39B | 275.84B | 243.94B | 232.83B | 184.16B |
| Cash, Cash Equivalents and Short-Term Investments | 13.71B | 11.21B | 13.72B | 16.12B | 19.72B | 36.47B |
| Total Debt | 26.09B | 28.42B | 28.09B | 29.58B | 33.21B | 8.31B |
| Total Liabilities | 203.97B | 234.15B | 183.87B | 165.32B | 159.90B | 123.08B |
| Stockholders Equity | 90.12B | 101.61B | 87.21B | 75.49B | 69.27B | 57.85B |
Cash Flow | ||||||
| Free Cash Flow | 6.41B | -1.67B | 1.56B | 9.57B | -33.96B | 8.63B |
| Operating Cash Flow | 7.37B | -96.40M | 2.93B | 10.79B | -32.34B | 9.89B |
| Investing Cash Flow | 228.50M | -937.30M | 5.60B | 1.45B | 1.76B | -565.20M |
| Financing Cash Flow | -8.66B | -6.75B | -11.71B | -13.81B | 15.29B | -4.76B |
Redington Limited Technical Analysis
Negative
285.60
Price Trends
221.17
Negative
243.37
Negative
255.33
Negative
Market Momentum
-0.71
Negative
49.25
Neutral
70.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:REDINGTON, the sentiment is Negative. The current price of 285.6 is above the 20-day moving average (MA) of 218.73, above the 50-day MA of 221.17, and above the 200-day MA of 255.33, indicating a neutral trend. The MACD of -0.71 indicates Negative momentum. The RSI at 49.25 is Neutral, neither overbought nor oversold. The STOCH value of 70.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹3.17T | 20.22 | ― | 2.86% | 11.18% | -4.28% | |
68 Neutral | ₹2.10T | 14.04 | ― | 4.05% | 3.97% | 0.34% | |
67 Neutral | ₹1.22T | 21.36 | ― | 1.08% | 11.31% | 9.00% | |
65 Neutral | ₹1.39T | 22.66 | ― | 2.76% | 7.22% | 12.99% | |
63 Neutral | ₹425.25B | 19.20 | ― | 1.94% | 11.59% | 8.85% | |
60 Neutral | ₹171.76B | 10.49 | ― | 2.48% | 19.96% | -7.12% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:REDINGTON
Redington Limited
220.60
-45.18
-17.00%
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Redington Limited Corporate Events
Redington Clears FY26 Results, Declares Dividend and Renews Finance Chief’s Term
May 13, 2026
Redington Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditor issuing an unmodified opinion, and confirmed the company does not meet...
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.