Redington Ltd Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Redington Ltd (Redington) sells technology goods and services to customers. PC’s, laptops, tablets, notebooks, smart phones, desktops, printers, wearables as well as accessories including solar energy devices are parts of its IT products. Gaming items and audio systems are lifestlye items in IT product lines from this company.
Latest Update – On the Q1 for the year 2024-2025, Redington Ltd’s net profit reduced by 1.1% to reach a net profit of ₹246.04Cr compared to the same period last year. In the last three months, quarterly growth basis showed that there has been a drop in net profits of -24.43% for Redington Ltd.
Redington Overview
Contents
Redington Limited is a foremost distributor of IT and mobility items plus supplier of supply chain management resolutions and support services in India, the Middle East, Turkey and Africa which was founded in 1993.
| Company Name | Redington Limited |
| Listed at | NSE & BSE |
| Head Office | Block3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai 600091 Tamil Nadu |
| Board Of Directors |
|
| Official Website | redingtongroup.com |
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Redington Business Profile
The vendors provide IT and mobile products for our company, which handles logistics for distribution before selling them to dealers and resellers. New products are regularly added to our portfolio, with other services such as after-sales or third-party logistics being offered by its subsidiaries. The Company operates with three automated distribution centres (ADCs) located in Chennai and Kolkata as well as Dubai.
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Products
The services that are offered include after-sales service, supply chain consulting, cloud computing, information technology as well as mobility, warehousing, reverse logistics and even project management e-commerce and third-party logistics. In addition to that, Redington also has networking solutions, data security solutions data analytics solution AR and VR solutions packaging solutions and localization of software on gaming consoles.
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Portfolio includes PC, Notebooks, Tablets, Printing Solutions, Servers, Storage, Software, Networking Solutions, Security Solutions, Smart Phones, Cloud Licencing & Subscription services, Solar green enery products & services and BPM and BPO services.
Warehouse & Service Centres
Company has over 7.7 million square feet or more than two hundred thousand warehouses in its possession, 19+ partner service centers, and owned service centers.
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The business has sales offices, storage facilities, its own service hubs and other allied service centers located in India, the Middle East, Africa, Turkey as well as South Asian nations.
Alliance
In April 2024, Company revealed its strategic alliance with Zoho Corporation to take Zoho’s top-notch cloud products for work efficiency in the office, team unison and connecting the clients to a bigger clientele in India.
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Restructuring
The Company has established the step-down subsidiary Redington Kazakhstan Technology in Kazakhstan (a wholly owned subsidiary of Redington Turkey Teknoloji A.S.). It hasn’t yet started its business.
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In May 2024, the company executed a Share Purchase Agreement (SPA) relating to the sell-off of the Paynet business in Turkey for an amount of USD 87 million plus net cash adjustment.
In April of 2024, the transfer of shares among group companies (ProConnect Holding Limited, Dubai (‘PHL’) (Buyer) & Redington Gulf FZE, Dubai)
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In March 2024, the Company made a SPA to dispose of Citrus Consulting Services FZ-LLC in Dubai, UAE for four million five hundred thousand US Dollars only subject to regulatory approvals and achivement of conditions precedent stated in the SPA.
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Redington Fundamentals & Quarterly Results
| Market Cap | ₹ 14,865 Cr. |
| Current Price | ₹ 190 |
| High / Low | ₹ 238 / 136 |
| Stock P/E | 12.5 |
| Book Value | ₹ 96.6 |
| Dividend Yield | 3.26% |
| ROCE | 19.5% |
| ROE | 16.8% |
| Face Value | ₹ 2.00 |
| FCF Prev Ann | ₹ -3,382 Cr. |
| Debt to Equity | 0.39 |
| Debt Preceding Year | ₹ 3,321 Cr. |
| Reserves | ₹ 7,392 Cr. |
| Quick Ratio | 1.02 |
| Current Ratio | 1.43 |
| Free Cash Flow | ₹ 1,016 Cr. |
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Redington Quarterly Results
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.) | 16,803 | 19,051 | 21,674 | 21,849 | 21,187 | 22,220 | 23,505 | 22,433 | 21,282 |
| Expenses (₹ Cr.) | 16,341 | 18,518 | 21,093 | 21,305 | 20,768 | 21,739 | 22,988 | 21,974 | 20,911 |
| Operating Profit (₹ Cr.) | 462 | 532 | 581 | 543 | 419 | 481 | 517 | 459 | 371 |
| OPM % | 3% | 3% | 3% | 2% | 2% | 2% | 2% | 2% | 2% |
| Other Income (₹ Cr.) | 25 | 30 | 40 | 46 | 64 | 76 | 45 | 79 | 53 |
| Interest (₹ Cr.) | 37 | 54 | 88 | 92 | 88 | 106 | 85 | 106 | 81 |
| Depreciation (₹ Cr.) | 36 | 37 | 39 | 43 | 42 | 44 | 43 | 52 | 51 |
| Profit Before Tax (₹ Cr.) | 414 | 471 | 494 | 455 | 352 | 408 | 434 | 381 | 292 |
| Tax % | 21% | 17% | 21% | 28% | 27% | 24% | 20% | 15% | 26% |
| Net Profit (₹ Cr.) | 326 | 392 | 393 | 328 | 255 | 312 | 348 | 324 | 217 |
| EPS (₹) | 4.04 | 4.95 | 4.86 | 3.97 | 3.18 | 3.88 | 4.36 | 4.16 | 3.15 |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM/1 Year/Last Year | |
|---|---|---|---|---|
| Compounded Sales Growth | 12% | 14% | 16% | 7% |
| Compounded Profit Growth | 14% | 18% | 17% | -11% |
| Stock Price CAGR | 15% | 33% | 6% | 25% |
| Return on Equity | 17% | 19% | 20% | 17% |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| FIIs | 38.13% | 34.44% | 42.10% | 42.00% | 39.40% | 60.50% | 58.09% | 57.87% |
| DIIs | 19.98% | 21.18% | 16.74% | 15.79% | 16.14% | 16.68% | 18.57% | 18.14% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
| Public | 41.89% | 44.38% | 41.16% | 42.21% | 44.46% | 22.82% | 23.29% | 23.99% |
| No. of Shareholders | 20,375 | 26,206 | 25,580 | 38,119 | 2,42,615 | 2,52,336 | 2,27,423 | 2,18,658 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹259.91 | ₹306.36 | ₹334.24 |
| 2025 | ₹341 | ₹321 | ₹383 |
| 2026 | ₹391 | ₹367 | ₹438 |
| 2027 | ₹447 | ₹421 | ₹503 |
| 2028 | ₹513 | ₹481 | ₹574 |
| 2029 | ₹585 | ₹550 | ₹657 |
| 2030 | ₹670 | ₹630 | ₹751 |
| Month | Target |
| January | ₹341 |
| February | ₹348 |
| March | ₹355 |
| April | ₹343 |
| May | ₹332 |
| June | ₹321 |
| July | ₹334 |
| August | ₹347 |
| September | ₹361 |
| October | ₹368 |
| November | ₹375 |
| December | ₹383 |
| Month | Target |
| January | ₹391 |
| February | ₹399 |
| March | ₹407 |
| April | ₹393 |
| May | ₹380 |
| June | ₹367 |
| July | ₹382 |
| August | ₹397 |
| September | ₹413 |
| October | ₹421 |
| November | ₹429 |
| December | ₹438 |
| Month | Target |
| January | ₹447 |
| February | ₹456 |
| March | ₹465 |
| April | ₹450 |
| May | ₹435 |
| June | ₹421 |
| July | ₹438 |
| August | ₹456 |
| September | ₹474 |
| October | ₹483 |
| November | ₹493 |
| December | ₹503 |
| Month | Target |
| January | ₹513 |
| February | ₹523 |
| March | ₹533 |
| April | ₹515 |
| May | ₹498 |
| June | ₹481 |
| July | ₹500 |
| August | ₹520 |
| September | ₹541 |
| October | ₹552 |
| November | ₹563 |
| December | ₹574 |
| Month | Target |
| January | ₹585 |
| February | ₹597 |
| March | ₹609 |
| April | ₹589 |
| May | ₹569 |
| June | ₹550 |
| July | ₹572 |
| August | ₹595 |
| September | ₹619 |
| October | ₹631 |
| November | ₹644 |
| December | ₹657 |
| Month | Target |
| January | ₹670 |
| February | ₹683 |
| March | ₹697 |
| April | ₹674 |
| May | ₹652 |
| June | ₹630 |
| July | ₹655 |
| August | ₹681 |
| September | ₹708 |
| October | ₹722 |
| November | ₹736 |
| December | ₹751 |
Official Website – redingtongroup.com