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Redington (India)

NSEI:REDINGTON
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REDINGTON
NSEI
₹38B
Market Cap
  1. Home
  2. IN
  3. Tech
Company description

Redington (India) Limited, together with its subsidiaries, provides supply chain solutions for information technology products, and consumer and lifestyle products. The last earnings update was 37 days ago. More info.


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  • Redington (India) has significant price volatility in the past 3 months.
REDINGTON Share Price and Events
7 Day Returns
-2.6%
NSEI:REDINGTON
-1.2%
IN Electronic
0.4%
IN Market
1 Year Returns
-28.7%
NSEI:REDINGTON
0%
IN Electronic
2%
IN Market
REDINGTON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Redington (India) (REDINGTON) -2.6% 18.5% 11.1% -28.7% -15.1% 36.5%
IN Electronic -1.2% 5% -2.8% 0% 49.6% 150.5%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • REDINGTON underperformed the Electronic industry which returned 0% over the past year.
  • REDINGTON underperformed the Market in India which returned 2% over the past year.
Price Volatility
REDINGTON
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Redington (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Redington (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Redington (India).

NSEI:REDINGTON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:REDINGTON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 35%) (45.8%))
1.258
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.258 * 8.6%)
18.37%

Discounted Cash Flow Calculation for NSEI:REDINGTON using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Redington (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:REDINGTON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.37%)
2019 -832.75 Analyst x4 -703.51
2020 3,941.75 Analyst x4 2,813.20
2021 1,797.67 Analyst x3 1,083.87
2022 897.58 Est @ -50.07% 457.19
2023 603.32 Est @ -32.78% 259.61
2024 478.53 Est @ -20.68% 173.96
2025 420.08 Est @ -12.21% 129.01
2026 393.68 Est @ -6.28% 102.14
2027 385.28 Est @ -2.13% 84.45
2028 388.25 Est @ 0.77% 71.89
Present value of next 10 years cash flows ₹4,471.80
NSEI:REDINGTON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹388.25 × (1 + 7.55%) ÷ (18.37% – 7.55%)
₹3,858.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,858.94 ÷ (1 + 18.37%)10
₹714.54
NSEI:REDINGTON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹4,471.80 + ₹714.54
₹5,186.34
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,186.34 / 389.08
₹13.33
NSEI:REDINGTON Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹13.33
Current discount Discount to share price of ₹97.20
= -1 x (₹97.20 - ₹13.33) / ₹13.33
-629.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Redington (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Redington (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Redington (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:REDINGTON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹12.07
NSEI:REDINGTON Share Price ** NSEI (2019-03-20) in INR ₹97.2
India Electronic Industry PE Ratio Median Figure of 23 Publicly-Listed Electronic Companies 19.63x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Redington (India).

NSEI:REDINGTON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:REDINGTON Share Price ÷ EPS (both in INR)

= 97.2 ÷ 12.07

8.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redington (India) is good value based on earnings compared to the IN Electronic industry average.
  • Redington (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does Redington (India)'s expected growth come at a high price?
Raw Data
NSEI:REDINGTON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
10.7%per year
Asia Electronic Industry PEG Ratio Median Figure of 23 Publicly-Listed Electronic Companies 0.77x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NSEI:REDINGTON PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.05x ÷ 10.7%

0.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redington (India) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Redington (India)'s assets?
Raw Data
NSEI:REDINGTON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹96.12
NSEI:REDINGTON Share Price * NSEI (2019-03-20) in INR ₹97.2
India Electronic Industry PB Ratio Median Figure of 45 Publicly-Listed Electronic Companies 1x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
NSEI:REDINGTON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:REDINGTON Share Price ÷ Book Value per Share (both in INR)

= 97.2 ÷ 96.12

1.01x

* Primary Listing of Redington (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redington (India) is overvalued based on assets compared to the IN Electronic industry average.
X
Value checks
We assess Redington (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Redington (India) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Redington (India) expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Redington (India) expected to grow at an attractive rate?
  • Redington (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Redington (India)'s earnings growth is positive but not above the India market average.
  • Redington (India)'s revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:REDINGTON Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:REDINGTON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 10.7%
NSEI:REDINGTON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 9.6%
India Electronic Industry Earnings Growth Rate Market Cap Weighted Average 3%
Asia Electronic Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:REDINGTON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:REDINGTON Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 558,648 2,871 5,933 6
2020-03-31 509,137 3,983 5,341 7
2019-03-31 459,365 1,456 4,790 6
NSEI:REDINGTON Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 467,293 4,821
2018-09-30 454,206 4,644
2018-06-30 443,339 4,719
2018-03-31 434,875 1,856 4,816
2017-12-31 429,660 4,911
2017-09-30 421,978 4,819
2017-06-30 413,926 4,695
2017-03-31 411,381 13,605 4,642
2016-12-31 408,139 4,459
2016-09-30 388,573 4,396
2016-06-30 375,125 4,365
2016-03-31 354,616 -1,421 4,235

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Redington (India)'s earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Redington (India)'s revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:REDINGTON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Redington (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:REDINGTON Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 14.97 16.70 13.30 6.00
2020-03-31 13.59 15.00 11.30 7.00
2019-03-31 12.33 13.70 11.00 6.00
NSEI:REDINGTON Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 12.07
2018-09-30 11.60
2018-06-30 11.80
2018-03-31 12.04
2017-12-31 12.28
2017-09-30 12.06
2017-06-30 11.74
2017-03-31 11.61
2016-12-31 11.15
2016-09-30 10.75
2016-06-30 10.92
2016-03-31 10.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Redington (India) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Redington (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Redington (India) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Redington (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Redington (India)'s growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Redington (India)'s year on year earnings growth rate has been positive over the past 5 years.
  • Redington (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Redington (India)'s 1-year earnings growth is negative, it can't be compared to the IN Electronic industry average.
Earnings and Revenue History
Redington (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Redington (India) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:REDINGTON Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 467,293.20 4,821.20 10,062.50
2018-09-30 454,206.40 4,644.40 9,839.30
2018-06-30 443,339.20 4,719.10 9,669.80
2018-03-31 434,875.10 4,816.40 9,450.80
2017-12-31 429,659.94 4,910.63 9,240.76
2017-09-30 421,978.34 4,819.03 9,206.86
2017-06-30 413,926.21 4,695.20 6,263.50
2017-03-31 411,381.30 4,642.20 9,090.20
2016-12-31 408,139.37 4,458.77 8,186.22
2016-09-30 388,572.87 4,395.57 8,074.42
2016-06-30 375,124.77 4,365.17 7,745.62
2016-03-31 354,615.70 4,235.25 7,476.32
2015-12-31 331,870.24 4,106.99 10,355.07
2015-09-30 326,119.14 4,014.29 10,101.87
2015-06-30 319,904.54 3,907.59 10,059.37
2015-03-31 315,824.12 3,865.29 6,828.87
2014-12-31 314,764.61 3,769.97 8,805.93
2014-09-30 301,774.91 3,625.97 8,674.63
2014-06-30 290,960.21 3,527.17 8,559.73
2014-03-31 279,700.43 3,366.47 8,669.59
2013-12-31 266,466.46 3,284.20 7,184.67
2013-09-30 256,453.06 3,236.60 6,987.27
2013-06-30 248,324.46 3,205.10 6,836.47
2013-03-31 241,838.86 3,231.10 6,693.77
2012-12-31 228,718.51 3,203.51 6,021.91
2012-09-30 222,639.61 3,062.61 5,862.21
2012-06-30 215,931.71 2,946.01 5,668.01
2012-03-31 212,094.20 2,927.41 5,507.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Redington (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Redington (India) used its assets more efficiently than the IN Electronic industry average last year based on Return on Assets.
  • Redington (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Redington (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Redington (India) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Redington (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Redington (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Redington (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Redington (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Redington (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Redington (India) Company Filings, last reported 2 months ago.

NSEI:REDINGTON Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42,320.00 17,321.90 9,103.00
2018-09-30 42,320.00 17,321.90 9,103.00
2018-06-30 38,893.90 14,577.90 6,812.10
2018-03-31 38,893.90 14,577.90 6,812.10
2017-12-31 36,277.60 18,863.60 9,492.90
2017-09-30 36,277.60 18,863.60 9,492.90
2017-06-30 35,094.00 15,158.40 8,359.60
2017-03-31 35,094.10 15,158.40 8,222.00
2016-12-31 34,075.40 19,768.40 7,514.50
2016-09-30 34,075.40 19,768.40 7,514.50
2016-06-30 30,392.86 23,491.12 5,505.56
2016-03-31 33,167.55 23,491.12 6,396.05
2015-12-31 28,443.90 24,463.30 5,984.20
2015-09-30 28,443.90 24,463.30 5,984.20
2015-06-30 25,802.15 18,666.18 5,313.72
2015-03-31 25,802.15 18,666.18 5,313.72
2014-12-31 24,225.20 19,579.80 4,881.50
2014-09-30 24,225.20 19,579.80 4,881.50
2014-06-30 22,076.83 17,861.56 4,846.05
2014-03-31 22,076.83 17,861.56 4,846.05
2013-12-31 20,849.00 22,888.10 5,644.90
2013-09-30 20,849.00 22,888.10 5,644.90
2013-06-30 17,970.26 21,500.79 4,820.95
2013-03-31 17,970.26 21,500.79 4,820.95
2012-12-31 15,875.90 22,812.90 4,792.80
2012-09-30 15,875.90 22,812.90 4,792.80
2012-06-30 14,173.59 20,602.51 4,834.38
2012-03-31 14,173.59 20,602.51 4,834.38
  • Redington (India)'s level of debt (40.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (109.4% vs 40.9% today).
  • Debt is not well covered by operating cash flow (10.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Redington (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Redington (India) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Redington (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.47%
Current annual income from Redington (India) dividends. Estimated to be 3.88% next year.
If you bought ₹2,000 of Redington (India) shares you are expected to receive ₹49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Redington (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Redington (India)'s dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:REDINGTON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
India Electronic Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:REDINGTON Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 3.97 3.00
2020-03-31 3.73 3.00
2019-03-31 3.60 3.00
NSEI:REDINGTON Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-21 2.400 2.555
2017-02-03 2.300 1.622
2016-07-01 2.100 2.064
2016-05-24 2.100 1.967
2015-07-13 1.900 1.699
2015-05-27 1.900 1.806
2014-07-07 0.900 0.795
2014-05-30 0.900 0.887
2013-05-22 0.400 0.596
2012-07-31 0.400 0.501
2012-05-25 0.400 0.526
2011-07-28 1.100 1.266
2010-05-21 1.000 1.238
2009-06-01 0.800 1.437
2009-05-22 0.800 1.805
2009-03-23 0.700 2.691

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Redington (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Redington (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Redington (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Redington (India) has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Redington (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Redington (India) has no CEO, or we have no data on them.
Management Team

Stephen Aranha

TITLE
President
AGE
63

S. Krishnan

TITLE
Chief Financial Officer
COMPENSATION
₹8M
AGE
45
TENURE
4.8 yrs

E. H. Rangan

TITLE
Joint COO & Whole-Time Director
COMPENSATION
₹13M
AGE
54

Clynton Almeida

TITLE
Chief Information Officer
AGE
57

M. Muthukumarasamy

TITLE
Chief Investor Relation Officer
COMPENSATION
₹3M
AGE
52

Jitendra Senapati

TITLE
President of Consumer Business Group
AGE
52

Parthasarthi Neogi

TITLE
Joint Chief Operating Officer of IT Division
AGE
60

Gautam Hukku

TITLE
Executive Vice President of iCommunications Strategic Business Unit
AGE
52

R. Venkatesh

TITLE
Executive Vice President of Cloud & Solutions Business Group
AGE
41

Parvathi Jagannadhan

TITLE
Executive Vice President of Digital Lifestyle Strategic Business Unit
AGE
60
Board of Directors Tenure

Average tenure and age of the Redington (India) board of directors in years:

4.4
Average Tenure
60
Average Age
  • The tenure for the Redington (India) board of directors is about average.
Board of Directors

J. Ramachandran

TITLE
Non-Executive Chairman
COMPENSATION
₹3M
AGE
61

E. H. Rangan

TITLE
Joint COO & Whole-Time Director
COMPENSATION
₹13M
AGE
54
TENURE
2.8 yrs

Raj Shankar

TITLE
MD & Director
AGE
60
TENURE
13.5 yrs

V. Hariharan

TITLE
Non-Executive Independent Director
COMPENSATION
₹3M
TENURE
6.7 yrs

Keith W. Bradley

TITLE
Non-Executive Independent Director
COMPENSATION
₹3M
AGE
54
TENURE
5.9 yrs

B. Ramaratnam

TITLE
Independent director
COMPENSATION
₹3M
AGE
63
TENURE
2.8 yrs

David Tu

TITLE
Non-Executive Director
AGE
60
TENURE
10.4 yrs

Udai Dhawan

TITLE
Non-Executive Director
AGE
45
TENURE
2.2 yrs

Yi-Ju Chen

TITLE
Non-Executive Nominee Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
10. Aug 18 Buy Gautam Hukku Individual 02. Jul 18 08. Aug 18 10,000 ₹111.27 ₹1,112,700
X
Management checks
We assess Redington (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Redington (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Redington (India) Limited's (NSE:REDINGTON) -3.6% Earnings Drop Reflect A Longer Term Trend?

When Redington (India) Limited (NSE:REDINGTON) released its most recent earnings update (30 September 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Redington (India)'s average earnings over the past couple of years, and its industry performance. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 8.2%, indicating the rate at which REDINGTON is growing has slowed down

Simply Wall St -

What Should You Know About Redington (India) Limited's (NSE:REDINGTON) Return On Capital?

and want to better understand how you can grow your money by investing in Redington (India) Limited (NSE:REDINGTON). … Therefore, looking at how efficiently Redington (India) is able to use capital to create earnings will help us understand your potential return. … Check out our latest analysis for Redington (India)

Simply Wall St -

How Good Is Redington (India) Limited (NSE:REDINGTON), When It Comes To ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Redington (India) Limited (NSE:REDINGTON). … Over the last twelve months Redington (India) has recorded a ROE of 11%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Does Redington (India) Limited (NSE:REDINGTON) Fare As A Dividend Stock?

Over the past 10 years Redington (India) Limited (NSE:REDINGTON) has returned an average of 1.00% per year from dividend payouts. … Let's take a look at Redington (India) in more detail. … See our latest analysis for Redington (India)

Simply Wall St -

What does Redington (India) Limited's (NSE:REDINGTON) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Redington (India) Limited (NSE:REDINGTON) with its market cap of ₹46.04b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Redington (India) Limited (NSE:REDINGTON): What You Have To Know Before Buying For The Upcoming Dividend

Important news for shareholders and potential investors in Redington (India) Limited (NSE:REDINGTON): The dividend payment of ₹2.40 per share will be distributed into shareholder on 29 August 2018, and the stock will begin trading ex-dividend at an earlier date, 20 July 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Redington (India)'s most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Where Redington (India) Limited (NSE:REDINGTON) Stands In Terms Of Earnings Growth Against Its Industry

When Redington (India) Limited (NSE:REDINGTON) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Redington (India) has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … How REDINGTON fared against its long-term earnings performance and its industry

Simply Wall St -

What You Must Know About Redington (India) Limited's (NSE:REDINGTON) ROE

and want to begin learning the link between Redington (India) Limited (NSE:REDINGTON)’s return fundamentals and stock market performance. … Redington (India) Limited (NSE:REDINGTON) delivered an ROE of 12.46% over the past 12 months, which is an impressive feat relative to its industry average of 8.81% during the same period. … If REDINGTON borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

What Should You Know About Redington (India) Limited's (NSE:REDINGTON) Future?

The latest earnings announcement Redington (India) Limited (NSE:REDINGTON) released in March 2018a

Simply Wall St -

Redington (India) Limited (NSE:REDINGTON) Delivered A Better ROE Than The Industry, Here’s Why

Check out our latest analysis for Redington (India) Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Redington (India)’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:REDINGTON Last Perf Jun 4th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Company Info

Description

Redington (India) Limited, together with its subsidiaries, provides supply chain solutions for information technology products, and consumer and lifestyle products. The company distributes IT hardware and software products, including computers, computer peripheral equipment, software, and electronic and telecommunications equipment and parts; and consumer and lifestyle products, such as digital lifestyle, smart communications, telecom, consumer electronics, and digital printing products. It also provides hardware support services comprising warranty and post-warranty services through a network of hardware support service centers, including 77 owned service centers and 266 franchise service centers. The company’s hardware and support services include solution design and consulting, technical helpdesk, field engineering support, parts warehousing, forward and reverse logistics, imports and re-exports, and asset recovery. In addition, it offers logistics services, which range from import, warehousing, and stock movement across geographies, to packing/repacking, order processing, and delivery within its operating areas. Further, the company’s warehousing and logistics services include third party logistics, such as forward logistics, reverse logistics, and IT enablement, as well as the operation of automated distribution centers. It operates in India, South Asia, the Middle-East, Africa, and Turkey. The company was founded in 1961 and is based in Chennai, India.

Details
Name: Redington (India) Limited
REDINGTON
Exchange: NSEI
Founded: 1961
₹37,818,703,818
389,081,315
Website: http://www.redingtonindia.com
Address: Redington (India) Limited
Centre Point,
Ground Floor, Plot No. 8 and 11 (SP),
Chennai,
Tamil Nadu, 600032,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI REDINGTON Equity Shares National Stock Exchange of India IN INR 15. Feb 2007
BSE 532805 Equity Shares Mumbai Stock Exchange IN INR 15. Feb 2007
Number of employees
Current staff
Staff numbers
0
Redington (India) employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:48
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.