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80% Buy

Redington Share Price

REDINGTON

₹210.21-₹3.75 (-1.75%) TodayLast updated on 12 Dec, 2024 | 12:53 IST

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  • About Redington
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About Redington

Redington Financials

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Market cap
Market Cap Switch₹16,727 Crs
Open
₹215.60
Close
₹213.96
Circuit range
₹256.75 - ₹171.16
Day range
₹209.58 - ₹215.90
Year range
₹158.61 - ₹237.55
Volume
10,91,490
Avg. traded
₹212.72
Revenue (12m)
₹92,116 Crs
Redington

Redington Limited is an information technology company with a product portfolio that includes IT solutions, business process solutions, logistics as well as financial services. The company's network has expanded over 38 markets with more than 290 international brand associations and 70 sales locations. Redington was originally incorporated in 1961 but began operations in 1993 after acquiring the Indian branch of Redington Pte Limited Singapore.

The company's principal activity is wholesale distribution of machinery, equipment and supplies. It also offers solutions covering software-defined storage, fault-tolerant solutions, store visualisation, enterprise storage and hyper-converged infrastructure.

Business operations

The company began IT distribution and branch operations in western and southern India in 1993. Redington also started the distribution of HP's IT products. The next year, the company commenced distribution of IT products of Epson and Tripp and Samsung monitors. The company also put its foot in the northern Indian market. A year later, Redington started its operations in Eastern India. The company also began distribution of Compaq and Philips products.

In 1996, the firm began distribution of Intel products. The company partnered with Microsoft for distribution of software products in 1997. It made tie-ups with IBM APC and Canon, for the distribution of their products in 1998.

Eyeing a share in the market outside India, the firm set up a subsidiary Redington Gulf FZE to oversee the operation in Middle East and African markets.

In 2002, the firm began call centre operations for servicing Compaq's Presario range of products. A year later, it began distribution and servicing of Motorola mobile phones.

In 2004 Redington received investment from Synnex Mauritius Limited of the Synnex Group for a 36% stake in the company. The company acquired Redington Gulf FZE (Middle East and Africa operations).

Redington marked an entry into the consumer durable distribution space in 2005. The next year, the company took up 100% shareholding of Redington Distribution Pte Limited and Cadensworth (India) Private Limited. It signed a distribution agreement for the distribution of Apple's range of products in India. The company brought its initial public offering (IPO) and the shares were listed on BSE and NSE.

In 2008, Redington began distribution for BlackBerry. During the year, the company infused $65 million in MEA operations. Standard Chartered Private Equity took up an 11.99% stake in the company in 2011. The company teamed up with EMC for the distribution of their storage products through Cadensworth.

The next year, the company began a supply chain management business independently through a wholly owned subsidiarY, ProConnect Supply Chain Solutions Ltd.

In 2014, the company invested in LinkPLus, a leading Oracle distributor in Turkey, for an 80% stake in the firm. Redington launched its RedCloud portal during the year. As the company, completed 25 years of operation, it launched a new logo in 2018. The company transformed from a promoted-led company to board board-governed and professionally managed entity.

In 2020, the company disinvested in its wholly-owned subsidiary Ensure Support Services India. The company incorporated RedServ Global Solutions Limited – a wholly owned subsidiary for shared services — in 2022. The company shifted operations to its new corporate office in Chennai.

As of January 16, 2024, Redington Ltd's market capitalisation is over ₹14,000 crores. Redington Ltd's share price has moved up by over 150 % in the last three years.

Financial highlights

– Redington Ltd's consolidated revenue in FY23 was ₹79,377 crore, a 26.71% year-on-year growth from ₹62,644 crore in the last financial year. – The \EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹2,260.7 crore in FY23, up by 20.3% from ₹1,879.2, the figures recorded in the previous fiscal year. – The company reported a net profit of ₹1,439.4 crore in FY23 as against a profit of ₹11,315 crore in FY22. – Its earnings per share (EPS) grew to ₹17.82 in FY23 from ₹16.4 in the last financial year.

Redington Key indicators

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52 week high
₹237.55
52 week low
₹158.61
P/E ratio
13.86
P/B ratio
2.2
ROE
32.15%
ROCE
30.35%
Dividend yield
2.9%
Debt/Equity ratio
0.44
EPS
13.83

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Investment checklist: (4/6)
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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

80%

Hold

0%

Sell

20%

This analysis is based on the reviews of 5 experts in the last 7 days

Redington Fundamentals

Redington Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

3.76%

Net profit margin

2.62%

ROE

32.15%

ROA

10.3%

ROCE

30.35%

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Redington Shareholder returns

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1 day
+3.67%
1 week
+3.64%
1 month
+11.79%
3 months
+11.45%
1 year
+25.75%
3 years
+38.04%
5 years
+294.03%

Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Redington Share Price history

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DayOpenCloseChange %
Wed, Dec 11 2024
₹207.80
₹213.96
+3.67%
Tue, Dec 10 2024
₹208.80
₹206.38
-0.53%
Mon, Dec 9 2024
₹208.23
₹207.48
-0.12%
Fri, Dec 6 2024
₹206.95
₹207.72
+0.62%
Thu, Dec 5 2024
₹206.44
₹206.44
0.00%
Wed, Dec 4 2024
₹206.15
₹206.44
+0.64%
Tue, Dec 3 2024
₹202.50
₹205.12
+1.79%
Mon, Dec 2 2024
₹197.60
₹201.51
+1.96%

Redington Shareholding Pattern

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Promoters (0%)

Mutual Funds (11.86%)

Retail and other (23.84%)

Foreign institutions-FII (58.02%)

Other domestic institutions (6.27%)

Foreign institutions-FII

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Events

Corporate actions

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  • Dividend • ₹6.2/share

    Ex date 05 Jul 2024

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  • Dividend • ₹7.2/share

    Ex date 07 Jul 2023

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  • Dividend • ₹6.6/share

    Ex date 14 Jul 2022

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FAQs on Redington

What is the Redington share price today?

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Redington share price is ₹ 210.21 today.

What is today’s high & low share price of Redington?

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Redington share price high: ₹ 215.90 and low: ₹ 209.58

What is the Redington share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 237.55 and Low Price is ₹ 158.61

What is the Redington Stock Symbol?

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The Redington Stock symbol is REDINGTON.

Can I buy Redington shares on Holidays?

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No, shares of Redington or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Redington shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.