Redington Ltd

Redington Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Redington Ltd

₹ 198 -0.25%
27 Nov 9:37 a.m.
redingtongroup.com BSE: 532805 NSE: REDINGTON
About

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]

Key Points

Leading distributor of technology[1]
Company procures IT and mobility products from vendors, handles distribution logistics, sells the same to resellers and dealers. The company has periodically added new products to its portfolio and continues to provide ancillary services like after-sales, third-party logistics through the subsidiary companies. Currently, Company has three automated distribution centres (ADCs)—in Chennai, and Kolkata in India, and Dubai.

Website BSE NSE
  • Market Cap ₹ 15,452 Cr.
  • Current Price ₹ 198
  • High / Low ₹ 238 / 157
  • Stock P/E 14.2
  • Book Value ₹ 50.1
  • Dividend Yield 3.16 %
  • ROCE 28.9 %
  • ROE 30.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.13%.
  • 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.489 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.

Peer comparison

Sector: Trading Industry: Trading

Part of BSE 250 SmallCap Index BSE 500 Nifty MidSmallcap 400 Nifty Smallcap 50 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
6,791 7,089 7,779 7,612 8,580 9,438 9,712 9,705 9,928 11,104 10,490 10,302 12,385
6,618 6,905 7,617 7,405 8,350 9,225 9,502 9,465 9,666 10,854 10,237 10,050 12,108
Operating Profit 174 183 162 207 230 213 210 240 262 250 254 252 277
OPM % 3% 3% 2% 3% 3% 2% 2% 2% 3% 2% 2% 2% 2%
459 9 12 5 499 10 7 54 423 16 21 8 445
Interest 2 1 1 3 11 25 38 40 44 47 48 40 32
Depreciation 9 6 6 6 7 7 7 8 9 10 10 10 9
Profit before tax 622 186 166 203 712 190 172 245 632 209 217 210 682
Tax % 7% 26% 26% 26% 8% 26% 27% 21% 9% 27% 26% 26% 9%
579 137 123 150 656 141 125 194 573 154 161 156 618
EPS in Rs 7.41 1.76 1.58 1.92 8.39 1.81 1.60 2.48 7.33 1.96 2.05 1.99 7.91
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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 TTM
10,410 11,262 12,021 12,638 15,759 14,844 16,851 18,633 22,721 27,019 35,341 41,228 44,281
10,105 10,967 11,717 12,292 15,395 14,504 16,529 18,236 22,250 26,361 34,477 40,211 43,247
Operating Profit 305 296 304 346 364 341 323 396 471 658 864 1,017 1,033
OPM % 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2%
45 114 49 36 46 46 58 374 71 488 521 513 489
Interest 91 83 70 86 86 101 143 118 46 11 82 190 167
Depreciation 10 11 11 10 12 14 12 26 28 30 26 36 38
Profit before tax 249 315 273 285 313 271 226 626 468 1,104 1,276 1,303 1,318
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 1,088
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 13.91
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: 14%
Compounded Profit Growth
10 Years: 19%
5 Years: 47%
3 Years: 58%
TTM: 5%
Stock Price CAGR
10 Years: 13%
5 Years: 28%
3 Years: 11%
1 Year: 25%
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 Sep 2024
Equity Capital 80 80 80 80 80 80 78 78 78 156 156 156 156
Reserves 986 1,187 1,281 1,458 1,530 1,609 1,526 1,724 1,990 2,393 2,950 3,468 3,759
619 357 284 478 707 766 831 1,200 22 21 1,652 1,603 627
1,147 1,407 1,387 1,891 2,216 1,993 2,772 2,712 3,171 5,297 5,017 5,546 8,624
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 13,166
67 94 96 91 97 92 85 140 120 106 172 178 186
CWIP 15 4 4 14 0 15 33 -0 -0 85 10 4 1
Investments 659 484 546 594 603 605 638 645 640 668 750 750 750
2,090 2,449 2,385 3,208 3,832 3,737 4,450 4,929 4,501 7,008 8,844 9,840 12,229
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 13,166

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
40.05% 39.40% 38.74% 37.94% 60.78% 60.50% 59.22% 56.26% 56.99% 58.09% 57.87% 58.07%
16.24% 16.14% 16.51% 16.50% 16.66% 16.68% 17.40% 17.38% 17.92% 18.57% 18.14% 18.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.03% 0.03% 0.03% 0.00% 0.00%
43.71% 44.46% 44.75% 45.56% 22.56% 22.82% 23.36% 26.34% 25.05% 23.29% 23.99% 23.84%
No. of Shareholders 2,04,0172,42,6152,55,9312,66,3662,54,1172,52,3362,41,8852,59,1722,38,8062,27,4232,18,6582,21,761

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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