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Redington Ltd share Price Today

Company details

218.55
227.90
136.20
229.65
6M Return 46.13%
1Y Return 31.85%
Mkt Cap.(Cr) 17,346.26
Volume 2,335,512
Div Yield 3.25%
OI
-
OI Chg %
-
Volume 2,335,512

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Commodity Trading & Distribution company Redington announced Q3FY24 results:

  • Achieved Rs 23,550 crore in revenues for Q3FY24
  • Highest ever Revenue achieved in any quarter in the past
  • QoQ growth in Revenue by 6%; EBITDA by 1% and PAT by 12%

“Our growth in FY24 has been driven by reinventing ourselves across many dimensions. We made significant investments in new revenue streams, focused go-to-market routes, improved our digital capabilities, built platforms, and created processes to enable faster time to market and provide choices to customers to engage with us in ways they prefer. While technology distribution has been our core value proposition, we are focused on building competencies and capabilities to enable and resell, hyperscaler and software services, and some managed services for private and public Cloud. In this era of digital transformation and constant market shifts, we are meeting our customer needs by implementing initiatives that deliver exceptional value. This customer-centric approach contributes to our market share gains and strengthens our growth trajectory.

We recognize the critical role our partners play in our ecosystem, and we're committed to providing them with the resources and support for our mutual success.” said V.S. Hariharan, Group CEO, Redington.

 

Result PDF

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Redington Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (3)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 227.0
R2 232.1
R3 236.4
Pivot

222.78

S1 217.7
S2 213.4
S3 208.3
EMA SMA
215.1
205.6
194.1
183.1
213.6
206.9
189.9
176.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION Bulk Purchase 2023-02-24 170.45 188591880 BSE
SYNNEX MAURITIUS LIMITED Bulk Sell 2023-02-24 170.45 188591880 BSE
SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION Block Purchase 2023-02-24 170.45 188591880 BSE
Name Category Shares
HUF PUBLIC 0.9%
AADI FINANCIAL ADVISORS LLP PUBLIC 1.13%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Redington Ltd Stocks COMPARISON

Financials( in Cr) Redington Ltd Adani Enterprises Ltd Aegis Logistics Ltd Cello World Ltd Honasa Consumer Ltd
Price 221.90 3,106.40 525.95 846.50 380.15
% Change 0.23 -1.30 7.90 2.83 -3.80
Mcap Cr 17,346.26 354,129.91 18,460.85 17,965.35 12,326.14
Revenue TTM Cr 79,376.78 69,420.18 8,627.21 1,796.70 1,492.75
Net Profit TTM Cr 1,439.39 475.37 510.70 285.07 -150.97
PE TTM 14.41 93.55 35.93 67.55 163.61
1 Year Return 31.85 65.34 37.16 6.92 12.77
ROCE 25.43 6.57 17.08 45.20 0.00
ROE 22.65 2.41 17.88 134.44 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,927.35 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 27,985.89 -4,210.70
LAST 3M 85,258.15 42,414.35
LAST 6M 136,201.24 75,801.89
LAST 12M 211,048.21 200,392.08

Redington Ltd Information

Stock PE (TTM)
14.41
Promoter Holding
0%
Book Value
88.2274
ROCE
25.43%
ROE
22.65%
Description
  • Regington, established in 1993, is a distributor of IT products. It has evolved as a distributor and supply chain operator across various verticals such as artificial intelligence, robotics, data analytics, etc., and holds a significant position in more than 38 emerging markets. The company owns more than 290 international brands and 200 warehouses worldwide.     

    On 21 January 2023, the market capitalisation of the company was Rs 14,601.67 crore. It reported consolidated sales of Rs 27,018 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532805 and the National Stock Exchange with the code REDINGTON.

    The promoters of Redington India currently hold approximately 0% of the company. The foreign institutional investors’ investment in the company amounts to 36.65%. Various mutual funds hold around 11.8% of the company. The total public stake in the company is approximately 46.7%. The stake of the public has grown steadily over the past year (Since September 2021).

    J Ramachandran is the chairman of the company and a whole-time director, and S V Krishnan is the CFO and director. Rajiv Srivastava, Anita P Belani, B Ramaratnam, Chen Yi-Ju, Keith WF Bradley, Tu Shu-Chyuan, and V S Hariharan are the other directors of the company. BSR & Co. LLP are the auditors of Redington India. As of December 2023, the company had around 78 crore shares outstanding.

    On 21 January 2023, Redington Limited’s share price on NSE was Rs 186.60 and Rs 187.20 on BSE. The share price touched a 52-week high of Rs 202.30 and a 52-week low of Rs 109.40. Its three-month return to investors was 36.9%, while its one-year return was 14.2%.

    As of November 2022, HDFC Mid-Cap Opportunities Direct-Plan Growth has invested Rs 641.15 crore in the company. Other prominent mutual funds with investments in Redington Limited include HDFC Hybrid Equity Direct-G, with an investment of Rs 293.15 crore, and HDFC Small Cap Direct-G, with an investment of Rs 251.6 crore in the company.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

SPL Guindy House, 95 Mount Road Guindy, Chennai, Tamil Nadu, 600032

Tel : 91-44-42243353
Email : mmkumar:redington.co.in
Website : http://www.redingtongroup.com
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532805
NSE Code : REDINGTON
Book Closure Date (Month) :
BSE Group : A
ISIN : INE891D01026

FAQ’s on Redington Ltd Shares

You can buy Redington Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Redington Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 16, 2024 03:59 PM the closing price of Redington Ltd was ₹ 221.90.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 16, 2024 03:59 PM, the market cap of Redington Ltd stood at ₹ 17,346.26.

The latest PE ratio of Redington Ltd as of Apr 16, 2024 03:59 PM is 14.41

The latest PB ratio of Redington Ltd as of Apr 16, 2024 03:59 PM is 0.40

The 52-week high of Redington Ltd share price is ₹ 229.65 while the 52-week low is ₹ 136.20

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