Redington Ltd
Established in the year 1993, Redington Limited is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, the Middle East, Turkey and Africa.[1]
- Market Cap ₹ 15,857 Cr.
- Current Price ₹ 203
- High / Low ₹ 238 / 136
- Stock P/E 15.2
- Book Value ₹ 46.4
- Dividend Yield 3.07 %
- ROCE 28.9 %
- ROE 30.9 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 3.07%.
- Company has delivered good profit growth of 47.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
- Company has been maintaining a healthy dividend payout of 50.8%
Cons
- Earnings include an other income of Rs.513 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10,410 | 11,262 | 12,021 | 12,638 | 15,759 | 14,844 | 16,851 | 18,633 | 22,721 | 27,019 | 35,341 | 41,228 | |
10,105 | 10,967 | 11,717 | 12,292 | 15,395 | 14,504 | 16,529 | 18,236 | 22,250 | 26,361 | 34,477 | 40,211 | |
Operating Profit | 305 | 296 | 304 | 346 | 364 | 341 | 323 | 396 | 471 | 658 | 864 | 1,017 |
OPM % | 3% | 3% | 3% | 3% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% |
45 | 114 | 49 | 36 | 46 | 46 | 58 | 374 | 71 | 488 | 521 | 513 | |
Interest | 91 | 83 | 70 | 86 | 86 | 101 | 143 | 118 | 46 | 11 | 82 | 190 |
Depreciation | 10 | 11 | 11 | 10 | 12 | 14 | 12 | 26 | 28 | 30 | 26 | 36 |
Profit before tax | 249 | 315 | 273 | 285 | 313 | 271 | 226 | 626 | 468 | 1,104 | 1,276 | 1,303 |
Tax % | 31% | 24% | 33% | 34% | 33% | 32% | 33% | 22% | 44% | 15% | 16% | 17% |
171 | 240 | 182 | 189 | 208 | 184 | 152 | 490 | 263 | 935 | 1,072 | 1,081 | |
EPS in Rs | 2.15 | 3.00 | 2.28 | 2.36 | 2.61 | 2.30 | 1.96 | 6.29 | 3.38 | 11.97 | 13.71 | 13.83 |
Dividend Payout % | 9% | 15% | 42% | 44% | 83% | 52% | 61% | 34% | 171% | 55% | 52% | 45% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 20% |
3 Years: | 22% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 47% |
3 Years: | 58% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 29% |
3 Years: | 8% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 31% |
3 Years: | 36% |
Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 80 | 80 | 80 | 80 | 80 | 80 | 78 | 78 | 78 | 156 | 156 | 156 |
Reserves | 986 | 1,187 | 1,281 | 1,458 | 1,530 | 1,609 | 1,526 | 1,724 | 1,990 | 2,393 | 2,950 | 3,468 |
619 | 357 | 284 | 478 | 707 | 766 | 831 | 1,200 | 22 | 21 | 1,652 | 1,603 | |
1,147 | 1,407 | 1,387 | 1,891 | 2,216 | 1,993 | 2,772 | 2,712 | 3,171 | 5,297 | 5,017 | 5,546 | |
Total Liabilities | 2,831 | 3,031 | 3,031 | 3,907 | 4,533 | 4,449 | 5,206 | 5,714 | 5,261 | 7,867 | 9,776 | 10,773 |
67 | 94 | 96 | 91 | 97 | 92 | 85 | 140 | 120 | 106 | 172 | 178 | |
CWIP | 15 | 4 | 4 | 14 | 0 | 15 | 33 | 0 | 0 | 85 | 10 | 4 |
Investments | 659 | 484 | 546 | 594 | 603 | 605 | 638 | 645 | 640 | 668 | 750 | 750 |
2,090 | 2,449 | 2,385 | 3,208 | 3,832 | 3,737 | 4,450 | 4,929 | 4,501 | 7,008 | 8,844 | 9,840 | |
Total Assets | 2,831 | 3,031 | 3,031 | 3,907 | 4,533 | 4,449 | 5,206 | 5,714 | 5,261 | 7,867 | 9,776 | 10,773 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
148 | 44 | 195 | 29 | 96 | 142 | 323 | 240 | 870 | 670 | -2,087 | 272 | |
23 | 262 | -70 | -54 | -20 | 61 | -28 | 349 | 33 | 367 | 351 | 471 | |
-82 | -362 | -194 | 48 | -88 | -90 | -296 | -88 | -1,217 | -468 | 1,048 | -791 | |
Net Cash Flow | 88 | -55 | -69 | 24 | -12 | 113 | -1 | 501 | -314 | 570 | -688 | -48 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 40 | 38 | 42 | 46 | 55 | 52 | 55 | 45 | 52 | 58 | 59 |
Inventory Days | 29 | 29 | 27 | 45 | 38 | 28 | 35 | 23 | 18 | 26 | 27 | 23 |
Days Payable | 34 | 39 | 35 | 51 | 48 | 43 | 54 | 47 | 46 | 68 | 48 | 47 |
Cash Conversion Cycle | 27 | 30 | 31 | 37 | 36 | 40 | 32 | 31 | 17 | 10 | 37 | 35 |
Working Capital Days | 25 | 28 | 28 | 34 | 34 | 37 | 30 | 27 | 14 | 9 | 36 | 35 |
ROCE % | 21% | 20% | 20% | 20% | 18% | 16% | 15% | 27% | 20% | 48% | 37% | 29% |
Documents
Announcements
- CFO Certificate 18 Jul
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Jul
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Jul
- Announcement under Regulation 30 (LODR)-Restructuring 16 Jul
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Sep 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021Transcript PPT
-
Feb 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Dec 2020TranscriptPPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jun 2020Transcript PPT
-
May 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
Feb 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019TranscriptPPT
-
Aug 2019Transcript PPT
-
Jun 2019TranscriptNotesPPT
-
May 2019Transcript PPT
-
Mar 2019TranscriptPPT
-
Feb 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Dec 2018TranscriptPPT
-
Nov 2018Transcript PPT
-
Aug 2018TranscriptPPT
-
Aug 2018Transcript PPT
-
May 2018Transcript PPT
-
Feb 2018Transcript PPT
-
Nov 2017Transcript PPT
-
Oct 2017TranscriptNotesPPT
-
Aug 2017Transcript PPT
-
May 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Feb 2017Transcript PPT
-
Nov 2016Transcript PPT
-
Aug 2016Transcript PPT
-
May 2016TranscriptPPT
-
May 2016Transcript PPT
-
Mar 2016TranscriptNotesPPT
Leading distributor of technology
Redington is a leading distributor of products and integrated supply chain solution provider in the field of technology and communications in India as well as across the globe. Being the second largest distributor of IT products in India, it is a premier distributor of products for 200 + global technology vendors. It also leverage its presence in the field of Repairs and maintenance of technology products & Infrastructure. [1] [2]