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REDI

Redington (India) NSEI:REDINGTON Stock Report

Last Price

₹121.90

Market Cap

₹95.3b

7D

6.0%

1Y

-8.7%

Updated

26 Jun, 2022

Data

Company Financials +
REDINGTON fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

REDINGTON Stock Overview

Redington (India) Limited provides supply chain solutions for information technology products, telecom, lifestyle, healthcare, and solar products in India and internationally.

Redington (India) Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Redington (India)
Historical stock prices
Current Share Price₹121.90
52 Week High₹179.20
52 Week Low₹109.40
Beta0.79
1 Month Change-6.91%
3 Month Change-14.34%
1 Year Change-8.74%
3 Year Change123.77%
5 Year Change86.18%
Change since IPO644.66%

Recent News & Updates

Jun 23
Redington (India) (NSE:REDINGTON) Will Pay A Smaller Dividend Than Last Year

Redington (India) (NSE:REDINGTON) Will Pay A Smaller Dividend Than Last Year

Redington (India) Limited ( NSE:REDINGTON ) has announced it will be reducing its dividend payable on the 26th of...

May 31
These 4 Measures Indicate That Redington (India) (NSE:REDINGTON) Is Using Debt Safely

These 4 Measures Indicate That Redington (India) (NSE:REDINGTON) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

REDINGTONIN ElectronicIN Market
7D6.0%3.6%2.3%
1Y-8.7%-3.2%-0.9%

Return vs Industry: REDINGTON underperformed the Indian Electronic industry which returned -3.2% over the past year.

Return vs Market: REDINGTON underperformed the Indian Market which returned -0.9% over the past year.

Price Volatility

Is REDINGTON's price volatile compared to industry and market?
REDINGTON volatility
REDINGTON Average Weekly Movement6.2%
Electronic Industry Average Movement7.0%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: REDINGTON is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: REDINGTON's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19611,545Ramesh Natarajanhttps://redingtongroup.com/india/

Redington (India) Limited provides supply chain solutions for information technology products, telecom, lifestyle, healthcare, and solar products in India and internationally. The company distributes IT hardware and software products, including consumer and commercial PCs, desktops, laptops, and MacBooks; tablets and phablets; deskjets, laserjets, and related consumables and accessories; smartphones and augmented reality/virtual reality-powered wearables; and networking, enterprise server and storage, and security products, as well as software solutions, and licensing and subscription support services. It also offers cloud consulting, migration, DevOps, integration, and security products, as well as managed services; and develops, manufactures, and markets digital printing solutions comprising printing presses, proprietary consumables, and workflow.

Redington (India) Fundamentals Summary

How do Redington (India)'s earnings and revenue compare to its market cap?
REDINGTON fundamental statistics
Market Cap₹95.26b
Earnings (TTM)₹12.80b
Revenue (TTM)₹627.32b

7.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
REDINGTON income statement (TTM)
Revenue₹627.32b
Cost of Revenue₹588.55b
Gross Profit₹38.77b
Other Expenses₹25.97b
Earnings₹12.80b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)16.38
Gross Margin6.18%
Net Profit Margin2.04%
Debt/Equity Ratio10.4%

How did REDINGTON perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

40%

Payout Ratio

Does REDINGTON pay a reliable dividends?

See REDINGTON dividend history and benchmarks
When do you need to buy REDINGTON by to receive an upcoming dividend?
Redington (India) dividend dates
Ex Dividend DateJul 14 2022
Dividend Pay DateAug 26 2022
Days until Ex dividend18 days
Days until Dividend pay date61 days

Does REDINGTON pay a reliable dividends?

See REDINGTON dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is REDINGTON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REDINGTON?

Other financial metrics that can be useful for relative valuation.

REDINGTON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA3.7x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does REDINGTON's PE Ratio compare to its peers?

REDINGTON PE Ratio vs Peers
The above table shows the PE ratio for REDINGTON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average335.1x

Price-To-Earnings vs Peers: REDINGTON is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (335.1x).


Price to Earnings Ratio vs Industry

How does REDINGTON's PE Ratio compare vs other companies in the Indian Electronic Industry?

Price-To-Earnings vs Industry: REDINGTON is good value based on its Price-To-Earnings Ratio (7.4x) compared to the Indian Electronic industry average (24.9x)


Price to Earnings Ratio vs Fair Ratio

What is REDINGTON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REDINGTON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: REDINGTON is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Share Price vs Fair Value

What is the Fair Price of REDINGTON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REDINGTON (₹121.9) is trading below our estimate of fair value (₹194.64)

Significantly Below Fair Value: REDINGTON is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: REDINGTON is poor value based on its PEG Ratio (1.6x)


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REDINGTON's forecast earnings growth (4.6% per year) is below the savings rate (6.7%).

Earnings vs Market: REDINGTON's earnings (4.6% per year) are forecast to grow slower than the Indian market (17.4% per year).

High Growth Earnings: REDINGTON's earnings are forecast to grow, but not significantly.

Revenue vs Market: REDINGTON's revenue (9% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: REDINGTON's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: REDINGTON's Return on Equity is forecast to be low in 3 years time (19.4%).


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Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: REDINGTON has high quality earnings.

Growing Profit Margin: REDINGTON's current net profit margins (2%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: REDINGTON's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: REDINGTON's earnings growth over the past year (69.2%) exceeds its 5-year average (20.4% per year).

Earnings vs Industry: REDINGTON earnings growth over the past year (69.2%) exceeded the Electronic industry 38.3%.


Return on Equity

High ROE: REDINGTON's Return on Equity (21.5%) is considered high.


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Financial Health

How is Redington (India)'s financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: REDINGTON's short term assets (₹173.7B) exceed its short term liabilities (₹119.0B).

Long Term Liabilities: REDINGTON's short term assets (₹173.7B) exceed its long term liabilities (₹4.1B).


Debt to Equity History and Analysis

Debt Level: REDINGTON has more cash than its total debt.

Reducing Debt: REDINGTON's debt to equity ratio has reduced from 43.2% to 10.4% over the past 5 years.

Debt Coverage: REDINGTON's debt is well covered by operating cash flow (156.3%).

Interest Coverage: REDINGTON's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.41%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateJul 14 2022Dividend Pay DateAug 26 202243 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: REDINGTON's dividend (5.41%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: REDINGTON's dividend (5.41%) is in the top 25% of dividend payers in the Indian market (1.89%)


Stability and Growth of Payments

Stable Dividend: REDINGTON's dividend payments have been volatile in the past 10 years.

Growing Dividend: REDINGTON's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.2%), REDINGTON's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (59.7%), REDINGTON's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Ramesh Natarajan (53 yo)

2yrs

Tenure

₹14,096,200

Compensation

Mr. Ramesh Natarajan has been Chief Executive Officer at Redington (India) Ltd. since June 11, 2020 and was its Joint Chief Operating Officer since 2019 until 2020 and served as its Senior President of Non...


Leadership Team

Experienced Management: REDINGTON's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: REDINGTON's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Redington (India) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Redington (India) Limited
  • Ticker: REDINGTON
  • Exchange: NSEI
  • Founded: 1961
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: ₹95.261b
  • Shares outstanding: 781.47m
  • Website: https://redingtongroup.com/india/

Number of Employees


Location

  • Redington (India) Limited
  • Redington House Centre Point
  • Ground Floor, Plot No. 8 and 11 (SP)
  • Chennai
  • Tamil Nadu
  • 600032
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.