View Financial HealthRedington 배당 및 자사주 매입배당 기준 점검 4/6Redington 수익으로 충분히 충당되는 현재 수익률 2.73% 보유한 배당금 지급 회사입니다. 다음 지급일은 28th August, 2026 이며 배당락일은 다음과 같습니다. 3rd July, 2026.핵심 정보2.7%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률4.1%배당 성장률20.8%다음 배당 지급일28 Aug 26배당락일03 Jul 26주당 배당금n/a배당 성향31%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 16Dividend reduced to ₹6.00Dividend of ₹6.00 is 12% lower than last year. Ex-date: 3rd July 2026 Payment date: 28th August 2026 Dividend yield will be 2.7%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 15Redington Limited announces Annual dividend, payable on August 28, 2026Redington Limited announced Annual dividend of INR 6.0000 per share payable on August 28, 2026, ex-date on July 03, 2026 and record date on July 03, 2026.Upcoming Dividend • Jun 27Upcoming dividend of ₹6.80 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%).공시 • Aug 01Redington Limited Approves Dividend for the Financial Year Ended March 31, 2024Redington Limited announced at the AGM held on July 30, 2024, approved Declaration of dividend of INR 6.20 (310% of the face value) per equity share of INR 2/- each for the financial year ended March 31, 2024.Upcoming Dividend • Jun 28Upcoming dividend of ₹6.20 per shareEligible shareholders must have bought the stock before 05 July 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%).Declared Dividend • Jun 06Dividend of ₹6.20 announcedShareholders will receive a dividend of ₹6.20. Ex-date: 5th July 2024 Payment date: 29th August 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updatesDeclared Dividend • May 16Dividend reduced to ₹6.00Dividend of ₹6.00 is 12% lower than last year. Ex-date: 3rd July 2026 Payment date: 28th August 2026 Dividend yield will be 2.7%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 15Redington Limited announces Annual dividend, payable on August 28, 2026Redington Limited announced Annual dividend of INR 6.0000 per share payable on August 28, 2026, ex-date on July 03, 2026 and record date on July 03, 2026.Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: ₹19.06 (down from ₹20.53 in FY 2025). Revenue: ₹1.19t (up 20% from FY 2025). Net income: ₹14.9b (down 7.1% from FY 2025). Profit margin: 1.2% (down from 1.6% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year.공시 • May 14Redington Limited, Annual General Meeting, Jul 29, 2026Redington Limited, Annual General Meeting, Jul 29, 2026.공시 • May 08Redington Limited to Report Q4, 2026 Results on May 13, 2026Redington Limited announced that they will report Q4, 2026 results on May 13, 2026New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Feb 25Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to ₹243. The fair value is estimated to be ₹202, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Reported Earnings • Feb 05Third quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2026 results: EPS: ₹5.57 (up from ₹5.12 in 3Q 2025). Revenue: ₹309.6b (up 16% from 3Q 2025). Net income: ₹4.36b (up 8.9% from 3Q 2025). Profit margin: 1.4% (in line with 3Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.공시 • Jan 30Redington Limited to Report Q3, 2026 Results on Feb 04, 2026Redington Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 04, 2026Price Target Changed • Nov 22Price target increased by 9.2% to ₹281Up from ₹258, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹285. Stock is up 46% over the past year. The company is forecast to post earnings per share of ₹18.93 for next year compared to ₹20.53 last year.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹295, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 46x in the Electronic industry in India. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹200 per share.Reported Earnings • Nov 06Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: ₹4.96 (up from ₹3.76 in 2Q 2025). Revenue: ₹291.2b (up 17% from 2Q 2025). Net income: ₹3.88b (up 32% from 2Q 2025). Profit margin: 1.3% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 31Redington Limited to Report Q2, 2026 Results on Nov 05, 2025Redington Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 05, 2025New Risk • Sep 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (411% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹289, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 50x in the Electronic industry in India. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹191 per share.공시 • Jul 25Redington Limited to Report Q1, 2026 Results on Jul 30, 2025Redington Limited announced that they will report Q1, 2026 results on Jul 30, 2025Reported Earnings • Jul 09Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ₹20.53 (up from ₹15.59 in FY 2024). Revenue: ₹994.4b (up 11% from FY 2024). Net income: ₹16.0b (up 32% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 27Upcoming dividend of ₹6.80 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%).Price Target Changed • May 21Price target increased by 11% to ₹260Up from ₹233, the current price target is an average from 4 analysts. New target price is 11% below last closing price of ₹290. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹20.64 for next year compared to ₹20.53 last year.공시 • May 20+ 1 more updateRedington Limited, Annual General Meeting, Jul 29, 2025Redington Limited, Annual General Meeting, Jul 29, 2025.공시 • May 14Redington Limited to Report Q4, 2025 Results on May 19, 2025Redington Limited announced that they will report Q4, 2025 results on May 19, 2025공시 • Apr 17Redington Limited Announces Executive ChangesThe Board of Directors of Redington Limited, at their meeting held on April 15, 2025, approved the realignment of the senior leadership structure of the Redington Group, as follows: . Elevation of Mr. Ramesh Natarajan as Chief Executive Officer ("CEO") - IME (India and Middle East): Mr. Ramesh Natarajan ("Ramesh"), currently CEO of Redington India business, has been elevated to the position of CEO - IME (India and Middle East), effective July 1, 2025. Ramesh will lead the operations and growth strategies of the Redington Group across India and the Middle East and will continue to report to Mr. V S Hariharan, Managing Director and Group CEO. Elevation of Mr. Rajat Vohra as CEO - India Operations: Mr. Rajat Vohra ("Rajat"), currently Chief Sales Officer for Redington India business, has been elevated to CEO - India Operations, effective July 1, 2025. He will be responsible for overseeing the India business operations of the Redington Group and will continue to report to Mr. Ramesh Natarajan. The following additional disclosures are being made in compliance with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Rajat's elevation as CEO - India Operations is effective from July 1, 2025. Rajat is a seasoned professional with extensive experience in business development, sales strategy, and leadership across consumer and enterprise segments. He has held senior roles at reputed organizations such as Newell Brands, HP Inc., Samsung, and Shell. Known for his strategic vision and innovative mindset, Rajat brings strong commercial acumen and leadership depth. Rajat is not related to any Director or Key Managerial Personnel of the Company. The Company confirms that Rajat is not debarred from holding the position of a Key Managerial Personnel by any order of SEBI or any other regulatory authority. Elevation of Mr. Serkan Celik as Chief Executive Officer ("CEO") - Turkey, Africa and Egypt. Mr. Serkan Celik, currently CEO of Arena (a subsidiary of the Redington Group in Turkey), has been elevated to lead the Redington Group's businesses across Turkey, Africa and Egypt as Chief Executive Officer - Turkey, Africa and Egypt, effective July 1, 2025. He will report to Mr. V S Hariharan, Managing Director and Group CEO. The Company would like to place on record its sincere appreciation for the valuable contributions of Mr. Viswanath Pallasena, CEO - Middle East and Africa, who will be stepping down from the said position effective June 30, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹204, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 38x in the Electronic industry in India. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹296 per share.Buy Or Sell Opportunity • Apr 01Now 20% undervaluedOver the last 90 days, the stock has risen 15% to ₹230. The fair value is estimated to be ₹288, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 3.5%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.New Risk • Mar 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change).Buy Or Sell Opportunity • Feb 28Now 22% undervaluedOver the last 90 days, the stock has risen 13% to ₹224. The fair value is estimated to be ₹286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 3.5%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Reported Earnings • Feb 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₹5.12 (up from ₹4.36 in 3Q 2024). Revenue: ₹267.6b (up 14% from 3Q 2024). Net income: ₹4.00b (up 18% from 3Q 2024). Profit margin: 1.5% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.공시 • Jan 30Redington Limited to Report Q3, 2025 Results on Feb 05, 2025Redington Limited announced that they will report Q3, 2025 results on Feb 05, 2025Buy Or Sell Opportunity • Jan 07Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ₹206. The fair value is estimated to be ₹163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Buy Or Sell Opportunity • Dec 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ₹214. The fair value is estimated to be ₹176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹197, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 48x in the Electronic industry in India. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹229 per share.Reported Earnings • Oct 30Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₹3.76 (down from ₹3.88 in 2Q 2024). Revenue: ₹249.0b (up 12% from 2Q 2024). Net income: ₹2.93b (down 3.5% from 2Q 2024). Profit margin: 1.2% (down from 1.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Oct 23Redington Limited to Report Q2, 2025 Results on Oct 29, 2024Redington Limited announced that they will report Q2, 2025 results on Oct 29, 2024Buy Or Sell Opportunity • Oct 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to ₹168. The fair value is estimated to be ₹211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.공시 • Aug 01Redington Limited Approves Dividend for the Financial Year Ended March 31, 2024Redington Limited announced at the AGM held on July 30, 2024, approved Declaration of dividend of INR 6.20 (310% of the face value) per equity share of INR 2/- each for the financial year ended March 31, 2024.공시 • Jul 25Redington Limited to Report Q1, 2025 Results on Jul 31, 2024Redington Limited announced that they will report Q1, 2025 results on Jul 31, 2024Reported Earnings • Jul 08Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₹15.59 (down from ₹17.82 in FY 2023). Revenue: ₹894.7b (up 13% from FY 2023). Net income: ₹12.2b (down 13% from FY 2023). Profit margin: 1.4% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Upcoming Dividend • Jun 28Upcoming dividend of ₹6.20 per shareEligible shareholders must have bought the stock before 05 July 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%).Declared Dividend • Jun 06Dividend of ₹6.20 announcedShareholders will receive a dividend of ₹6.20. Ex-date: 5th July 2024 Payment date: 29th August 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 06Redington Limited, Annual General Meeting, Jul 30, 2024Redington Limited, Annual General Meeting, Jul 30, 2024.Reported Earnings • May 17Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₹15.59 (down from ₹17.82 in FY 2023). Revenue: ₹896.1b (up 13% from FY 2023). Net income: ₹12.2b (down 13% from FY 2023). Profit margin: 1.4% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 11Redington Limited to Report Q4, 2024 Results on May 15, 2024Redington Limited announced that they will report Q4, 2024 results on May 15, 2024Price Target Changed • Feb 08Price target increased by 8.8% to ₹209Up from ₹192, the current price target is an average from 5 analysts. New target price is 8.7% above last closing price of ₹192. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₹15.71 for next year compared to ₹17.82 last year.Reported Earnings • Feb 07Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: ₹4.36 (down from ₹4.86 in 3Q 2023). Revenue: ₹235.5b (up 8.5% from 3Q 2023). Net income: ₹3.41b (down 10% from 3Q 2023). Profit margin: 1.4% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹204, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 44x in the Electronic industry in India. Total returns to shareholders of 198% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹125 per share.공시 • Jan 29Redington Limited to Report Q3, 2024 Results on Feb 06, 2024Redington Limited announced that they will report Q3, 2024 results on Feb 06, 2024공시 • Nov 08Redington Limited Appoints K Vijayshyam Acharya as Company Secretary and Compliance Officer Effective December 1, 2023Redington Limited approved to appoint Mr. K Vijayshyam Acharya (Membership No: A16325) as the Company Secretary and Compliance Officer with effect from December 1, 2023. He was Senior Legal Professional and strategic business partner with global leadership experience over 23 years. Previous Employment: Global Head - Legal & Company Secretary, Quest Global; Director - Legal & Compliance OnMobile Global.Reported Earnings • Nov 07Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹3.88 (down from ₹4.95 in 2Q 2023). Revenue: ₹223.0b (up 17% from 2Q 2023). Net income: ₹3.03b (down 22% from 2Q 2023). Profit margin: 1.4% (down from 2.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 31Redington Limited to Report Q2, 2024 Results on Nov 06, 2023Redington Limited announced that they will report Q2, 2024 results on Nov 06, 2023공시 • Sep 29Redington Limited Announces Resignation of Mr. M Muthukumarasamy from the Post of Company Secretary and Compliance OfficerRedington Limited announced resignation of Mr. M Muthukumarasamy from the post of Company Secretary and Compliance Officer of the Company due to personal reasons. However, he will continue to discharge his duties until the close of business hours on November 30, 2023 to facilitate a smooth transition.공시 • Sep 02Redington Limited Appoints V S Hariharan as Group Chief Executive Officer, Effective September 11, 2023Redington Limited at its meeting held on September 1, 2023, the board approved the appointment of Mr. V S Hariharan (DIN: 05352003), as Group Chief Executive Officer for a period of 3 years with effect from September 11, 2023 to September 10, 2026. Mr. V S Hariharan brings 25+ years' experience in sales, marketing and general management at the global, regional and national levels in the IT Industry. Mr. Hariharan's career mosaic is made up of a rich tapestry of roles across myriad sectors - from country- specific to global organizations. He has held successful leadership positions at Wipro and Hewlett-Packard, steering the worldwide monochrome laser division, the crown jewel at HP, in retaining market share while reducing costs, quadrupling revenues for the Graphics Solutions Business Asia Pacific while working through small acquired companies, and propelling Asia-wide sales forces post HP-Compaq merger to greater heights, bringing invaluable experience and skills gained from large organisations. His experience across mature and emerging markets, and his entrepreneurial success, offer synergy. Mr. Hariharan's journey underscores his ability to cut through hierarchy, facilitating seamless collaboration that fuels innovation and accelerates profitable growth.공시 • Sep 01Redington Limited Approves the Resignation of Mr. V S Hariharan as Independent DirectorRedington Limited at its meeting held on September 1, 2023, the board approved the resignation of Mr. V S Hariharan (DIN: 05352003), as the Independent Director of the Company, with effect from close of business hours on September 1, 2023, considering his candidature for the position of Group Chief Executive Officer.공시 • Aug 12Redington Limited Announces Resignation of Rajiv Srivastava as Managing DirectorRedington Limited announced that the Board of Directors at its meeting held i.e. August 11, 2023 approved and took on record the resignation of Mr. Rajiv Srivastava as the Managing Director of the Company with immediate effect. Mr. Srivastava tendered his resignation due to personal reasons. Mr. Srivastava has been associated with the Company as the Joint Managing Director since April 2, 2021 and as the Managing Director from April 1, 2022.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹154, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 43x in the Electronic industry in India. Total returns to shareholders of 279% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹63.30 per share.공시 • Aug 03Redington Limited Announces Board ChangesRedington Limited announced that at its Annual General Meeting of the Members held on July 31, 2023, approved the following: Change in designation of Mr. Tu, Shu Chyuan (DIN: 02336015) as Non-Executive Non-Independent Director; and change in designation of Ms. Chen, Yi-Ju (DIN:08031113) as Non-Executive Non-Independent Director.Price Target Changed • Aug 03Price target decreased by 7.0% to ₹193Down from ₹208, the current price target is an average from 5 analysts. New target price is 19% above last closing price of ₹162. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹15.77 for next year compared to ₹17.82 last year.공시 • Jul 25Redington Limited to Report Q1, 2024 Results on Aug 01, 2023Redington Limited announced that they will report Q1, 2024 results on Aug 01, 2023Reported Earnings • Jul 09Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹17.82 (up from ₹16.40 in FY 2022). Revenue: ₹794.4b (up 27% from FY 2022). Net income: ₹13.9b (up 8.8% from FY 2022). Profit margin: 1.8% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 30Upcoming dividend of ₹7.20 per share at 3.9% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%).공시 • May 17+ 2 more updatesRedington Limited, Annual General Meeting, Jul 31, 2023Redington Limited, Annual General Meeting, Jul 31, 2023. Agenda: To consider dividend for the year ended March 31, 2023.Reported Earnings • May 17Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹17.82 (up from ₹16.40 in FY 2022). Revenue: ₹795.2b (up 27% from FY 2022). Net income: ₹13.9b (up 8.8% from FY 2022). Profit margin: 1.8% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₹4.86 (down from ₹4.97 in 3Q 2022). Revenue: ₹217.1b (up 31% from 3Q 2022). Net income: ₹3.80b (down 2.2% from 3Q 2022). Profit margin: 1.7% (down from 2.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 23Price target increased to ₹201Up from ₹186, the current price target is an average from 6 analysts. New target price is 21% above last closing price of ₹166. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹18.28 for next year compared to ₹16.40 last year.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. MD & Director Rajiv Srivastava was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 03Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ₹4.95 (up from ₹3.93 in 2Q 2022). Revenue: ₹190.8b (up 25% from 2Q 2022). Net income: ₹3.87b (up 26% from 2Q 2022). Profit margin: 2.0% (in line with 2Q 2022). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year.공시 • Aug 05Redington (India) Limited Approves Dividend for the Financial Year Ended March 31, 2022The board of directors of Redington (India) Limited at its meeting held on May 21, 2022, had recommended a dividend of INR 6.60 per equity share of INR 2 each (i.e., 330% of face value) for the financial year ended March 31, 2022. The same has been approved by the shareholders in the annual general meeting held on July 27, 2022, with a record date as July 15, 2022.Upcoming Dividend • Jul 07Upcoming dividend of ₹6.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (1.4%).공시 • Jul 06+ 3 more updatesRedington (India) Limited to Report Q3, 2023 Results on Jan 31, 2023Redington (India) Limited announced that they will report Q3, 2023 results on Jan 31, 2023공시 • Jun 21Redington (India) Limited, Annual General Meeting, Jul 27, 2022Redington (India) Limited, Annual General Meeting, Jul 27, 2022, at 12:30 Indian Standard Time.Buying Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ₹160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. MD & Additional Director Rajiv Srivastava was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • May 25Price target decreased to ₹191Down from ₹207, the current price target is an average from 7 analysts. New target price is 42% above last closing price of ₹135. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₹16.44 for next year compared to ₹16.40 last year.Reported Earnings • May 24Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹16.40 (up from ₹9.72 in FY 2021). Revenue: ₹627.3b (up 10.0% from FY 2021). Net income: ₹12.8b (up 69% from FY 2021). Profit margin: 2.0% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 9.6%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 22+ 1 more updateRedington (India) Limited Announces Resignation of Raj Shankar as Vice Chairman and Non-Executive DirectorThe board of directors of Redington (India) Limited at their meeting held on May 21, 2022, announced the resignation of Mr. Raj Shankar as Vice Chairman and Non-Executive Director, effective from May 21, 2022. The Board also took note of intimation about the resignation of Mr. Raj Shankar from the subsidiaries in which he held directorship.공시 • May 15Redington (India) Limited to Report Q4, 2022 Results on May 21, 2022Redington (India) Limited announced that they will report Q4, 2022 results on May 21, 2022공시 • Mar 30Redington (India) Limited Announces Executive ChangesRedington (India) Limited announced change of DESIGNATION OF MR. RAJIV SRIVASTAVA FROM JOINT MANAGING DIRECTOR TO MANAGING DIRECTOR and MR. RAJ SHANKAR AS VICE CHAIRMAN AND NON- EXECUTIVE DIRECTOR.Reported Earnings • Feb 09Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ₹4.97 (up from ₹2.44 in 3Q 2021). Revenue: ₹166.2b (down 2.3% from 3Q 2021). Net income: ₹3.88b (up 105% from 3Q 2021). Profit margin: 2.3% (up from 1.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 16%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 09Redington (India) Limited Appoints V. Ravi Shankar as Chief Financial OfficerRedington (India) Limited announced appointment V. Ravi Shankar as Chief Financial Officer of the Company with effect from February 8, 2022.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS ₹3.93 (vs ₹2.26 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹153.1b (up 11% from 2Q 2021). Net income: ₹3.07b (up 75% from 2Q 2021). Profit margin: 2.0% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Aug 13Price target increased to ₹341Up from ₹243, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹347. Stock is up 217% over the past year.Reported Earnings • Jul 22Full year 2021 earnings released: EPS ₹19.44 (vs ₹13.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹569.5b (up 11% from FY 2020). Net income: ₹7.56b (up 47% from FY 2020). Profit margin: 1.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Executive Departure • Jul 14Non-Executive Nominee Director Udai Dhawan has left the companyOn the 5th of July, Udai Dhawan's tenure as Non-Executive Nominee Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Udai's name. Udai is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model.Upcoming Dividend • Jul 09Upcoming dividend of ₹11.60 per shareEligible shareholders must have bought the stock before 16 July 2021. Payment date: 10 September 2021. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%).Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹306, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 181% over the past three years.Recent Insider Transactions • Jul 02Insider recently sold ₹1.2m worth of stockOn the 25th of June, Srinivasan Ramanujachari sold around 4k shares on-market at roughly ₹264 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. Insiders have been net sellers, collectively disposing of ₹51m more than they bought in the last 12 months.Recent Insider Transactions • Jun 24Insider recently sold ₹2.7m worth of stockOn the 18th of June, M. Krishnan sold around 10k shares on-market at roughly ₹268 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. Insiders have been net sellers, collectively disposing of ₹45m more than they bought in the last 12 months.Recent Insider Transactions • Jun 04Chief Information Officer recently sold ₹2.0m worth of stockOn the 31st of May, Gurbir Bhatia sold around 8k shares on-market at roughly ₹256 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.5m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₹239, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹116 per share.Reported Earnings • May 29Full year 2021 earnings released: EPS ₹19.44 (vs ₹13.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹570.4b (up 11% from FY 2020). Net income: ₹7.56b (up 47% from FY 2020). Profit margin: 1.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.예정된 배당 지급오늘May 22 2026배당락일Jul 03 2026배당 지급일Aug 28 202656 days (배당락일 기준)다음 배당금을 받으려면 앞으로 42 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 532805 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 532805 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Redington 배당 수익률 vs 시장532805의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (532805)2.7%시장 하위 25% (IN)0.3%시장 상위 25% (IN)1.5%업계 평균 (Electronic)0.8%분석가 예측 (532805) (최대 3년)4.1%주목할만한 배당금: 532805 의 배당금( 2.73% )은 Indian 시장에서 배당금 지급자의 하위 25%( 0.3% )보다 높습니다.고배당: 532805 의 배당금( 2.73% )은 Indian 시장( 1.48% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 31.5% )로 532805 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 959% )이 높기 때문에 532805 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YIN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 10:12종가2026/05/21 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Redington Limited는 13명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sushil Sharma360 ONE Capital Market Private LimitedSaurabh MukherjeaAmbit CapitalSoumitra ChatterjeeAvendus Spark10명의 분석가 더 보기
Declared Dividend • May 16Dividend reduced to ₹6.00Dividend of ₹6.00 is 12% lower than last year. Ex-date: 3rd July 2026 Payment date: 28th August 2026 Dividend yield will be 2.7%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 15Redington Limited announces Annual dividend, payable on August 28, 2026Redington Limited announced Annual dividend of INR 6.0000 per share payable on August 28, 2026, ex-date on July 03, 2026 and record date on July 03, 2026.
Upcoming Dividend • Jun 27Upcoming dividend of ₹6.80 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%).
공시 • Aug 01Redington Limited Approves Dividend for the Financial Year Ended March 31, 2024Redington Limited announced at the AGM held on July 30, 2024, approved Declaration of dividend of INR 6.20 (310% of the face value) per equity share of INR 2/- each for the financial year ended March 31, 2024.
Upcoming Dividend • Jun 28Upcoming dividend of ₹6.20 per shareEligible shareholders must have bought the stock before 05 July 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%).
Declared Dividend • Jun 06Dividend of ₹6.20 announcedShareholders will receive a dividend of ₹6.20. Ex-date: 5th July 2024 Payment date: 29th August 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • May 16Dividend reduced to ₹6.00Dividend of ₹6.00 is 12% lower than last year. Ex-date: 3rd July 2026 Payment date: 28th August 2026 Dividend yield will be 2.7%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (dividend approximately 10x free cash flows). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 15Redington Limited announces Annual dividend, payable on August 28, 2026Redington Limited announced Annual dividend of INR 6.0000 per share payable on August 28, 2026, ex-date on July 03, 2026 and record date on July 03, 2026.
Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: ₹19.06 (down from ₹20.53 in FY 2025). Revenue: ₹1.19t (up 20% from FY 2025). Net income: ₹14.9b (down 7.1% from FY 2025). Profit margin: 1.2% (down from 1.6% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year.
공시 • May 14Redington Limited, Annual General Meeting, Jul 29, 2026Redington Limited, Annual General Meeting, Jul 29, 2026.
공시 • May 08Redington Limited to Report Q4, 2026 Results on May 13, 2026Redington Limited announced that they will report Q4, 2026 results on May 13, 2026
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Feb 25Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to ₹243. The fair value is estimated to be ₹202, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Reported Earnings • Feb 05Third quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2026 results: EPS: ₹5.57 (up from ₹5.12 in 3Q 2025). Revenue: ₹309.6b (up 16% from 3Q 2025). Net income: ₹4.36b (up 8.9% from 3Q 2025). Profit margin: 1.4% (in line with 3Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.
공시 • Jan 30Redington Limited to Report Q3, 2026 Results on Feb 04, 2026Redington Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 04, 2026
Price Target Changed • Nov 22Price target increased by 9.2% to ₹281Up from ₹258, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹285. Stock is up 46% over the past year. The company is forecast to post earnings per share of ₹18.93 for next year compared to ₹20.53 last year.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹295, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 46x in the Electronic industry in India. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹200 per share.
Reported Earnings • Nov 06Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: ₹4.96 (up from ₹3.76 in 2Q 2025). Revenue: ₹291.2b (up 17% from 2Q 2025). Net income: ₹3.88b (up 32% from 2Q 2025). Profit margin: 1.3% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 31Redington Limited to Report Q2, 2026 Results on Nov 05, 2025Redington Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 05, 2025
New Risk • Sep 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (411% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹289, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 50x in the Electronic industry in India. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹191 per share.
공시 • Jul 25Redington Limited to Report Q1, 2026 Results on Jul 30, 2025Redington Limited announced that they will report Q1, 2026 results on Jul 30, 2025
Reported Earnings • Jul 09Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: ₹20.53 (up from ₹15.59 in FY 2024). Revenue: ₹994.4b (up 11% from FY 2024). Net income: ₹16.0b (up 32% from FY 2024). Profit margin: 1.6% (up from 1.4% in FY 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 27Upcoming dividend of ₹6.80 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%).
Price Target Changed • May 21Price target increased by 11% to ₹260Up from ₹233, the current price target is an average from 4 analysts. New target price is 11% below last closing price of ₹290. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹20.64 for next year compared to ₹20.53 last year.
공시 • May 20+ 1 more updateRedington Limited, Annual General Meeting, Jul 29, 2025Redington Limited, Annual General Meeting, Jul 29, 2025.
공시 • May 14Redington Limited to Report Q4, 2025 Results on May 19, 2025Redington Limited announced that they will report Q4, 2025 results on May 19, 2025
공시 • Apr 17Redington Limited Announces Executive ChangesThe Board of Directors of Redington Limited, at their meeting held on April 15, 2025, approved the realignment of the senior leadership structure of the Redington Group, as follows: . Elevation of Mr. Ramesh Natarajan as Chief Executive Officer ("CEO") - IME (India and Middle East): Mr. Ramesh Natarajan ("Ramesh"), currently CEO of Redington India business, has been elevated to the position of CEO - IME (India and Middle East), effective July 1, 2025. Ramesh will lead the operations and growth strategies of the Redington Group across India and the Middle East and will continue to report to Mr. V S Hariharan, Managing Director and Group CEO. Elevation of Mr. Rajat Vohra as CEO - India Operations: Mr. Rajat Vohra ("Rajat"), currently Chief Sales Officer for Redington India business, has been elevated to CEO - India Operations, effective July 1, 2025. He will be responsible for overseeing the India business operations of the Redington Group and will continue to report to Mr. Ramesh Natarajan. The following additional disclosures are being made in compliance with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Rajat's elevation as CEO - India Operations is effective from July 1, 2025. Rajat is a seasoned professional with extensive experience in business development, sales strategy, and leadership across consumer and enterprise segments. He has held senior roles at reputed organizations such as Newell Brands, HP Inc., Samsung, and Shell. Known for his strategic vision and innovative mindset, Rajat brings strong commercial acumen and leadership depth. Rajat is not related to any Director or Key Managerial Personnel of the Company. The Company confirms that Rajat is not debarred from holding the position of a Key Managerial Personnel by any order of SEBI or any other regulatory authority. Elevation of Mr. Serkan Celik as Chief Executive Officer ("CEO") - Turkey, Africa and Egypt. Mr. Serkan Celik, currently CEO of Arena (a subsidiary of the Redington Group in Turkey), has been elevated to lead the Redington Group's businesses across Turkey, Africa and Egypt as Chief Executive Officer - Turkey, Africa and Egypt, effective July 1, 2025. He will report to Mr. V S Hariharan, Managing Director and Group CEO. The Company would like to place on record its sincere appreciation for the valuable contributions of Mr. Viswanath Pallasena, CEO - Middle East and Africa, who will be stepping down from the said position effective June 30, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹204, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 38x in the Electronic industry in India. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹296 per share.
Buy Or Sell Opportunity • Apr 01Now 20% undervaluedOver the last 90 days, the stock has risen 15% to ₹230. The fair value is estimated to be ₹288, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 3.5%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
New Risk • Mar 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change).
Buy Or Sell Opportunity • Feb 28Now 22% undervaluedOver the last 90 days, the stock has risen 13% to ₹224. The fair value is estimated to be ₹286, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 3.5%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Reported Earnings • Feb 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₹5.12 (up from ₹4.36 in 3Q 2024). Revenue: ₹267.6b (up 14% from 3Q 2024). Net income: ₹4.00b (up 18% from 3Q 2024). Profit margin: 1.5% (up from 1.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
공시 • Jan 30Redington Limited to Report Q3, 2025 Results on Feb 05, 2025Redington Limited announced that they will report Q3, 2025 results on Feb 05, 2025
Buy Or Sell Opportunity • Jan 07Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ₹206. The fair value is estimated to be ₹163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Buy Or Sell Opportunity • Dec 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to ₹214. The fair value is estimated to be ₹176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹197, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 48x in the Electronic industry in India. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹229 per share.
Reported Earnings • Oct 30Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₹3.76 (down from ₹3.88 in 2Q 2024). Revenue: ₹249.0b (up 12% from 2Q 2024). Net income: ₹2.93b (down 3.5% from 2Q 2024). Profit margin: 1.2% (down from 1.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Oct 23Redington Limited to Report Q2, 2025 Results on Oct 29, 2024Redington Limited announced that they will report Q2, 2025 results on Oct 29, 2024
Buy Or Sell Opportunity • Oct 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to ₹168. The fair value is estimated to be ₹211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
공시 • Aug 01Redington Limited Approves Dividend for the Financial Year Ended March 31, 2024Redington Limited announced at the AGM held on July 30, 2024, approved Declaration of dividend of INR 6.20 (310% of the face value) per equity share of INR 2/- each for the financial year ended March 31, 2024.
공시 • Jul 25Redington Limited to Report Q1, 2025 Results on Jul 31, 2024Redington Limited announced that they will report Q1, 2025 results on Jul 31, 2024
Reported Earnings • Jul 08Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₹15.59 (down from ₹17.82 in FY 2023). Revenue: ₹894.7b (up 13% from FY 2023). Net income: ₹12.2b (down 13% from FY 2023). Profit margin: 1.4% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Upcoming Dividend • Jun 28Upcoming dividend of ₹6.20 per shareEligible shareholders must have bought the stock before 05 July 2024. Payment date: 29 August 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.7%).
Declared Dividend • Jun 06Dividend of ₹6.20 announcedShareholders will receive a dividend of ₹6.20. Ex-date: 5th July 2024 Payment date: 29th August 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 06Redington Limited, Annual General Meeting, Jul 30, 2024Redington Limited, Annual General Meeting, Jul 30, 2024.
Reported Earnings • May 17Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: ₹15.59 (down from ₹17.82 in FY 2023). Revenue: ₹896.1b (up 13% from FY 2023). Net income: ₹12.2b (down 13% from FY 2023). Profit margin: 1.4% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 11Redington Limited to Report Q4, 2024 Results on May 15, 2024Redington Limited announced that they will report Q4, 2024 results on May 15, 2024
Price Target Changed • Feb 08Price target increased by 8.8% to ₹209Up from ₹192, the current price target is an average from 5 analysts. New target price is 8.7% above last closing price of ₹192. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of ₹15.71 for next year compared to ₹17.82 last year.
Reported Earnings • Feb 07Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: ₹4.36 (down from ₹4.86 in 3Q 2023). Revenue: ₹235.5b (up 8.5% from 3Q 2023). Net income: ₹3.41b (down 10% from 3Q 2023). Profit margin: 1.4% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹204, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 44x in the Electronic industry in India. Total returns to shareholders of 198% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹125 per share.
공시 • Jan 29Redington Limited to Report Q3, 2024 Results on Feb 06, 2024Redington Limited announced that they will report Q3, 2024 results on Feb 06, 2024
공시 • Nov 08Redington Limited Appoints K Vijayshyam Acharya as Company Secretary and Compliance Officer Effective December 1, 2023Redington Limited approved to appoint Mr. K Vijayshyam Acharya (Membership No: A16325) as the Company Secretary and Compliance Officer with effect from December 1, 2023. He was Senior Legal Professional and strategic business partner with global leadership experience over 23 years. Previous Employment: Global Head - Legal & Company Secretary, Quest Global; Director - Legal & Compliance OnMobile Global.
Reported Earnings • Nov 07Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹3.88 (down from ₹4.95 in 2Q 2023). Revenue: ₹223.0b (up 17% from 2Q 2023). Net income: ₹3.03b (down 22% from 2Q 2023). Profit margin: 1.4% (down from 2.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 31Redington Limited to Report Q2, 2024 Results on Nov 06, 2023Redington Limited announced that they will report Q2, 2024 results on Nov 06, 2023
공시 • Sep 29Redington Limited Announces Resignation of Mr. M Muthukumarasamy from the Post of Company Secretary and Compliance OfficerRedington Limited announced resignation of Mr. M Muthukumarasamy from the post of Company Secretary and Compliance Officer of the Company due to personal reasons. However, he will continue to discharge his duties until the close of business hours on November 30, 2023 to facilitate a smooth transition.
공시 • Sep 02Redington Limited Appoints V S Hariharan as Group Chief Executive Officer, Effective September 11, 2023Redington Limited at its meeting held on September 1, 2023, the board approved the appointment of Mr. V S Hariharan (DIN: 05352003), as Group Chief Executive Officer for a period of 3 years with effect from September 11, 2023 to September 10, 2026. Mr. V S Hariharan brings 25+ years' experience in sales, marketing and general management at the global, regional and national levels in the IT Industry. Mr. Hariharan's career mosaic is made up of a rich tapestry of roles across myriad sectors - from country- specific to global organizations. He has held successful leadership positions at Wipro and Hewlett-Packard, steering the worldwide monochrome laser division, the crown jewel at HP, in retaining market share while reducing costs, quadrupling revenues for the Graphics Solutions Business Asia Pacific while working through small acquired companies, and propelling Asia-wide sales forces post HP-Compaq merger to greater heights, bringing invaluable experience and skills gained from large organisations. His experience across mature and emerging markets, and his entrepreneurial success, offer synergy. Mr. Hariharan's journey underscores his ability to cut through hierarchy, facilitating seamless collaboration that fuels innovation and accelerates profitable growth.
공시 • Sep 01Redington Limited Approves the Resignation of Mr. V S Hariharan as Independent DirectorRedington Limited at its meeting held on September 1, 2023, the board approved the resignation of Mr. V S Hariharan (DIN: 05352003), as the Independent Director of the Company, with effect from close of business hours on September 1, 2023, considering his candidature for the position of Group Chief Executive Officer.
공시 • Aug 12Redington Limited Announces Resignation of Rajiv Srivastava as Managing DirectorRedington Limited announced that the Board of Directors at its meeting held i.e. August 11, 2023 approved and took on record the resignation of Mr. Rajiv Srivastava as the Managing Director of the Company with immediate effect. Mr. Srivastava tendered his resignation due to personal reasons. Mr. Srivastava has been associated with the Company as the Joint Managing Director since April 2, 2021 and as the Managing Director from April 1, 2022.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹154, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 43x in the Electronic industry in India. Total returns to shareholders of 279% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹63.30 per share.
공시 • Aug 03Redington Limited Announces Board ChangesRedington Limited announced that at its Annual General Meeting of the Members held on July 31, 2023, approved the following: Change in designation of Mr. Tu, Shu Chyuan (DIN: 02336015) as Non-Executive Non-Independent Director; and change in designation of Ms. Chen, Yi-Ju (DIN:08031113) as Non-Executive Non-Independent Director.
Price Target Changed • Aug 03Price target decreased by 7.0% to ₹193Down from ₹208, the current price target is an average from 5 analysts. New target price is 19% above last closing price of ₹162. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹15.77 for next year compared to ₹17.82 last year.
공시 • Jul 25Redington Limited to Report Q1, 2024 Results on Aug 01, 2023Redington Limited announced that they will report Q1, 2024 results on Aug 01, 2023
Reported Earnings • Jul 09Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹17.82 (up from ₹16.40 in FY 2022). Revenue: ₹794.4b (up 27% from FY 2022). Net income: ₹13.9b (up 8.8% from FY 2022). Profit margin: 1.8% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 30Upcoming dividend of ₹7.20 per share at 3.9% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%).
공시 • May 17+ 2 more updatesRedington Limited, Annual General Meeting, Jul 31, 2023Redington Limited, Annual General Meeting, Jul 31, 2023. Agenda: To consider dividend for the year ended March 31, 2023.
Reported Earnings • May 17Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ₹17.82 (up from ₹16.40 in FY 2022). Revenue: ₹795.2b (up 27% from FY 2022). Net income: ₹13.9b (up 8.8% from FY 2022). Profit margin: 1.8% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₹4.86 (down from ₹4.97 in 3Q 2022). Revenue: ₹217.1b (up 31% from 3Q 2022). Net income: ₹3.80b (down 2.2% from 3Q 2022). Profit margin: 1.7% (down from 2.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 23Price target increased to ₹201Up from ₹186, the current price target is an average from 6 analysts. New target price is 21% above last closing price of ₹166. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹18.28 for next year compared to ₹16.40 last year.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. MD & Director Rajiv Srivastava was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 03Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: ₹4.95 (up from ₹3.93 in 2Q 2022). Revenue: ₹190.8b (up 25% from 2Q 2022). Net income: ₹3.87b (up 26% from 2Q 2022). Profit margin: 2.0% (in line with 2Q 2022). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 38% per year.
공시 • Aug 05Redington (India) Limited Approves Dividend for the Financial Year Ended March 31, 2022The board of directors of Redington (India) Limited at its meeting held on May 21, 2022, had recommended a dividend of INR 6.60 per equity share of INR 2 each (i.e., 330% of face value) for the financial year ended March 31, 2022. The same has been approved by the shareholders in the annual general meeting held on July 27, 2022, with a record date as July 15, 2022.
Upcoming Dividend • Jul 07Upcoming dividend of ₹6.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (1.4%).
공시 • Jul 06+ 3 more updatesRedington (India) Limited to Report Q3, 2023 Results on Jan 31, 2023Redington (India) Limited announced that they will report Q3, 2023 results on Jan 31, 2023
공시 • Jun 21Redington (India) Limited, Annual General Meeting, Jul 27, 2022Redington (India) Limited, Annual General Meeting, Jul 27, 2022, at 12:30 Indian Standard Time.
Buying Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be ₹160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period.
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. MD & Additional Director Rajiv Srivastava was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • May 25Price target decreased to ₹191Down from ₹207, the current price target is an average from 7 analysts. New target price is 42% above last closing price of ₹135. Stock is up 44% over the past year. The company is forecast to post earnings per share of ₹16.44 for next year compared to ₹16.40 last year.
Reported Earnings • May 24Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: ₹16.40 (up from ₹9.72 in FY 2021). Revenue: ₹627.3b (up 10.0% from FY 2021). Net income: ₹12.8b (up 69% from FY 2021). Profit margin: 2.0% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 9.6%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 22+ 1 more updateRedington (India) Limited Announces Resignation of Raj Shankar as Vice Chairman and Non-Executive DirectorThe board of directors of Redington (India) Limited at their meeting held on May 21, 2022, announced the resignation of Mr. Raj Shankar as Vice Chairman and Non-Executive Director, effective from May 21, 2022. The Board also took note of intimation about the resignation of Mr. Raj Shankar from the subsidiaries in which he held directorship.
공시 • May 15Redington (India) Limited to Report Q4, 2022 Results on May 21, 2022Redington (India) Limited announced that they will report Q4, 2022 results on May 21, 2022
공시 • Mar 30Redington (India) Limited Announces Executive ChangesRedington (India) Limited announced change of DESIGNATION OF MR. RAJIV SRIVASTAVA FROM JOINT MANAGING DIRECTOR TO MANAGING DIRECTOR and MR. RAJ SHANKAR AS VICE CHAIRMAN AND NON- EXECUTIVE DIRECTOR.
Reported Earnings • Feb 09Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: ₹4.97 (up from ₹2.44 in 3Q 2021). Revenue: ₹166.2b (down 2.3% from 3Q 2021). Net income: ₹3.88b (up 105% from 3Q 2021). Profit margin: 2.3% (up from 1.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 16%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 09Redington (India) Limited Appoints V. Ravi Shankar as Chief Financial OfficerRedington (India) Limited announced appointment V. Ravi Shankar as Chief Financial Officer of the Company with effect from February 8, 2022.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS ₹3.93 (vs ₹2.26 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹153.1b (up 11% from 2Q 2021). Net income: ₹3.07b (up 75% from 2Q 2021). Profit margin: 2.0% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Aug 13Price target increased to ₹341Up from ₹243, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₹347. Stock is up 217% over the past year.
Reported Earnings • Jul 22Full year 2021 earnings released: EPS ₹19.44 (vs ₹13.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹569.5b (up 11% from FY 2020). Net income: ₹7.56b (up 47% from FY 2020). Profit margin: 1.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Executive Departure • Jul 14Non-Executive Nominee Director Udai Dhawan has left the companyOn the 5th of July, Udai Dhawan's tenure as Non-Executive Nominee Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Udai's name. Udai is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model.
Upcoming Dividend • Jul 09Upcoming dividend of ₹11.60 per shareEligible shareholders must have bought the stock before 16 July 2021. Payment date: 10 September 2021. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%).
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹306, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 181% over the past three years.
Recent Insider Transactions • Jul 02Insider recently sold ₹1.2m worth of stockOn the 25th of June, Srinivasan Ramanujachari sold around 4k shares on-market at roughly ₹264 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. Insiders have been net sellers, collectively disposing of ₹51m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 24Insider recently sold ₹2.7m worth of stockOn the 18th of June, M. Krishnan sold around 10k shares on-market at roughly ₹268 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹6.2m. Insiders have been net sellers, collectively disposing of ₹45m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 04Chief Information Officer recently sold ₹2.0m worth of stockOn the 31st of May, Gurbir Bhatia sold around 8k shares on-market at roughly ₹256 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.5m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₹239, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹116 per share.
Reported Earnings • May 29Full year 2021 earnings released: EPS ₹19.44 (vs ₹13.24 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹570.4b (up 11% from FY 2020). Net income: ₹7.56b (up 47% from FY 2020). Profit margin: 1.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.