Founded in 1993, Redington India Limited has grown exponentially from its modest origins, transforming into a prominent force in distribution and supply chain solutions. Initially centered around a single brand and product category, the company has diversified its portfolio to include 235+ international brands in the IT and Mobility sectors. Operating across 37 emerging markets, Redington has established itself as a key player in the industry.
In this article, we delve into the comprehensive details of Redington India Limited, exploring its journey, achievements, and contributions to the dynamic landscape of distribution and supply chain solutions.
About Redington
Redington India Limited stands as a prominent player in the global technology distribution landscape, offering integrated supply chain solutions and serving as the second-largest distributor of IT products in India. With a diverse product portfolio encompassing PC, Notebooks, Tablets, Servers, Software, Networking Solutions, and more, Redington has positioned itself as a comprehensive provider in the technology and communications sector. The company extends its reach across international markets, notably in Turkey, UAE, Singapore, Saudi Arabia, Nigeria, and Qatar. Boasting partnerships with over 200 global technology vendors, including industry giants like Apple, Nokia, Amazon Web Services, and Microsoft, Redington leverages its expertise in repairs, maintenance, and infrastructure.
Notably, key vendors such as Apple, HP, Dell, Lenovo, and Samsung collectively contribute to around 64% of revenues. Operating through various segments, including Consumer, Enterprise, Mobility, Cloud Services, Digital Printing, Solar, and Consultancy, Redington’s Indian operations showcase a diversified approach to cater to the evolving needs of the technology landscape.
Redington Ltd Q3 Summary and Key Points
- Redington Ltd’s Q3 standalone net profit: Rs 153.58 crore, up from Rs 141.38 crore YoY
- Nine-month net profit: Rs 920.67 crore
- Total income for Q3: Rs 111.19 crore, up from Rs 94.48 crore YoY
- Total income for nine months: Rs 312.29 crore, up from Rs 261.43 crore YoY
- Overall global revenues for Q3: Rs 23,550 crore, highest ever, 8% YoY growth
- Company attributes success to solid execution, gaining market share, and securing new opportunities
- Emphasis on investments in technology capabilities and building deeper brand and partner relationships
- Group CEO V S Hariharan highlights reinvention efforts, including new revenue streams and digital capabilities
- Focus on hyperscale and software services to meet customer needs in the digital transformation era.
Below are the trading platforms that you can use to purchase Redington shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2024 | 206.80 | 179.83 |
| March 2024 | 211.02 | 183.50 |
| April 2024 | 204.87 | 178.15 |
| May 2024 | 201.85 | 175.52 |
| June 2024 | 209.11 | 181.84 |
| July 2024 | 207.02 | 180.02 |
| August 2024 | 215.30 | 187.22 |
| September 2024 | 223.91 | 194.71 |
| October 2024 | 219.52 | 190.89 |
| November 2024 | 226.11 | 196.62 |
| December 2024 | 231.76 | 201.53 |
Redington’s stock is expected to experience a maximum price of 206.80 and a minimum of 179.83. By December 2024, the projections suggest a rise in Redington’s stock, with a maximum price forecasted at 231.76 and a minimum price at 201.53. These fluctuations in Redington’s stock reflect potential market shifts and dynamics over the specified months.
| When | Maximum Price | Minimum Price |
| January 2025 | 214.16 | 164.74 |
| February 2025 | 219.65 | 168.96 |
| March 2025 | 228.22 | 175.55 |
| April 2025 | 223.74 | 172.11 |
| May 2025 | 217.23 | 167.10 |
| June 2025 | 227.00 | 174.62 |
| July 2025 | 222.55 | 171.19 |
| August 2025 | 229.43 | 176.49 |
| September 2025 | 237.46 | 182.66 |
| October 2025 | 243.64 | 187.41 |
| November 2025 | 249.73 | 192.10 |
| December 2025 | 255.97 | 196.90 |
In the trajectory of 2025, Redington India Limited’s stock is projected to witness fluctuations with a high target of ₹255.97 and a low of ₹164.74 in December. This forecast indicates potential growth and resilience in the market.
Notably, Redington’s associate company, Redington (India) Investments Limited, holds a 47.62% stake.
The subsidiary, Currents Technology Retail (India) Limited, once involved in Apple retail stores and B2B online business, faced continuous losses, leading to a complete exit from retail operations. Currently based in Chennai, Currents is contemplating restructuring or winding up due to its financial challenges. Despite this, Redington India Limited remains poised for dynamic market movements in 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 263.65 | 202.81 |
| February 2026 | 270.41 | 208.01 |
| March 2026 | 280.96 | 216.12 |
| April 2026 | 275.45 | 211.88 |
| May 2026 | 267.43 | 205.71 |
| June 2026 | 279.46 | 214.97 |
| July 2026 | 273.98 | 210.75 |
| August 2026 | 282.45 | 217.27 |
| September 2026 | 292.34 | 224.88 |
| October 2026 | 299.94 | 230.72 |
| November 2026 | 307.44 | 236.49 |
| December 2026 | 315.13 | 242.40 |
Looking into the future, Redington India Limited’s stock is poised for a promising trajectory in 2026. The projected share price targets exhibit an upward trend, ranging from a maximum of ₹315.13 to a minimum of ₹202.81 in December. This forecast suggests sustained growth and resilience in the market.
Notably, Redington’s global footprint extends to fifty-seven international subsidiaries, a combination of wholly owned and partial subsidiaries. This diverse portfolio of foreign subsidiaries positions Redington India Limited for continued global expansion and strategic positioning in the ever-evolving landscape of technology distribution and supply chain solutions.
| When | Maximum Price | Minimum Price |
| January 2027 | 321.43 | 247.25 |
| February 2027 | 329.67 | 253.59 |
| March 2027 | 342.53 | 263.48 |
| April 2027 | 335.81 | 258.32 |
| May 2027 | 326.03 | 250.79 |
| June 2027 | 340.70 | 262.08 |
| July 2027 | 334.02 | 256.94 |
| August 2027 | 344.35 | 264.89 |
| September 2027 | 356.40 | 274.16 |
| October 2027 | 365.67 | 281.28 |
| November 2027 | 374.81 | 288.32 |
| December 2027 | 384.18 | 295.52 |
Looking forward to 2027, Redington India Limited’s stock appears set for robust performance, with projected share prices ranging from a maximum of ₹384.18 to a minimum of ₹247.25 in December. This forecast indicates a trajectory of sustained growth and stability in the market.
Additionally, Redington’s strategic presence is reflected in its two wholly-owned Indian subsidiaries—ProConnect Supply Chain Solutions Limited and Redserv Global Solutions Limited. This diverse portfolio of Indian subsidiaries further reinforces Redington’s position as a key player in the technology distribution and supply chain solutions sector, providing a strong foundation for continued success in the evolving market.
| When | Maximum Price | Minimum Price |
| January 2028 | 391.87 | 301.44 |
| February 2028 | 401.91 | 309.16 |
| March 2028 | 417.59 | 321.22 |
| April 2028 | 409.40 | 314.92 |
| May 2028 | 397.48 | 305.75 |
| June 2028 | 415.36 | 319.51 |
| July 2028 | 407.22 | 313.24 |
| August 2028 | 419.81 | 322.93 |
| September 2028 | 434.51 | 334.24 |
| October 2028 | 445.80 | 342.93 |
| November 2028 | 456.95 | 351.50 |
| December 2028 | 468.37 | 360.29 |
- January 2028: ₹301.44 (Minimum)
- December 2028: ₹468.37 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 477.74 | 367.49 |
| February 2029 | 489.99 | 376.91 |
| March 2029 | 509.10 | 391.61 |
| April 2029 | 499.12 | 383.94 |
| May 2029 | 484.58 | 372.75 |
| June 2029 | 506.39 | 389.53 |
| July 2029 | 496.46 | 381.89 |
| August 2029 | 511.81 | 393.70 |
| September 2029 | 529.72 | 407.48 |
| October 2029 | 543.50 | 418.07 |
| November 2029 | 557.08 | 428.53 |
| December 2029 | 571.01 | 439.24 |
- January 2029: ₹367.49 (Minimum)
- December 2029: ₹571.01 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 582.43 | 448.02 |
| February 2030 | 597.37 | 459.51 |
| March 2030 | 620.66 | 477.43 |
| April 2030 | 608.49 | 468.07 |
| May 2030 | 590.77 | 454.44 |
| June 2030 | 617.35 | 474.89 |
| July 2030 | 605.25 | 465.58 |
| August 2030 | 623.97 | 479.98 |
| September 2030 | 645.81 | 496.77 |
| October 2030 | 662.60 | 509.69 |
| November 2030 | 679.16 | 522.43 |
| December 2030 | 696.14 | 535.49 |
- January 2030: ₹448.02 (Minimum)
- December 2030: ₹696.14 (Maximum)
Financial Condition of Redington: Last 5 Years
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Cr) | 46,536 | 51,465 | 56,946 | 62,644 | 79,377 |
| Expenses (Rs. Cr) | 45,570 | 50,373 | 55,554 | 60,805 | 77,174 |
| Operating Profit (Rs. Cr) | 966 | 1,092 | 1,392 | 1,839 | 2,203 |
| Other Income (Rs. Cr) | -8 | 44 | 89 | 88 | 142 |
| Interest (Rs. Cr) | 271 | 289 | 205 | 163 | 355 |
| Depreciation (Rs. Cr) | 63 | 155 | 148 | 141 | 155 |
| Profit before Tax (Rs. Cr) | 623 | 692 | 1,128 | 1,622 | 1,833 |
| Tax (%) | 22 | 23 | 30 | 19 | 21 |
| Net Profit (Rs. Cr) | 484 | 534 | 788 | 1,315 | 1,439 |
| EPS (Rs) | 6.53 | 6.62 | 9.74 | 16.38 | 17.82 |
| Dividend Payout (%) | 18 | 32 | 60 | 40 | 40 |
- Redington’s financial performance over the last five years has been robust, with consistent growth in sales, operating profit, and net profit.
- Sales have increased from Rs. 46,536 Cr. in 2019 to Rs. 79,377 Cr. in 2023, reflecting a compounded sales growth of 14%.
- Operating profit and net profit have shown substantial growth, reaching Rs. 2,203 Cr. and Rs. 1,439 Cr. respectively in 2023.
- Earnings per share (EPS) have escalated from Rs. 6.53 to Rs. 17.82 over the same period.
- Over the past ten years, Redington has achieved a compounded sales growth of 13% and a compounded profit growth of 16%.
- The trailing twelve months (TTM) figures indicate a significant 25% compounded sales growth but a -14% compounded profit growth, suggesting a recent decline in profitability.
- Despite this, Redington has delivered notable returns to shareholders, with a stock price compound annual growth rate (CAGR) of 35% over the past five years.
- The company maintains consistent return on equity, ranging from 18% over the past ten years to 22% in the last year, highlighting strong financial health and management efficiency.
FAQs
What is Redington India Limited’s current market capitalization?
As of February 17, 2024, Redington India Limited boasts a market capitalization of ₹15,428 Cr.
Presently, the share price of Redington India Limited stands at ₹197 as of February 17, 2024.
Redington envisions its share price for December 2024 to range from a maximum of ₹231.76 to a minimum of ₹ 175.52.
Looking ahead, Redington’s projected share price for December 2025 is anticipated to fluctuate between a maximum of ₹255.97 and a minimum of ₹164.74.
The long-term projection for Redington’s share price suggests a potential high of ₹696.14 and a low of ₹448.02 by December 2030.
What is Redington India Limited’s current Price-to-Earnings (P/E) ratio?
Currently, Redington India Limited maintains a stable Price-to-Earnings (P/E) ratio of 11.3.
What is the dividend payout percentage for Redington in 2023?
In the fiscal year 2023, Redington allocated 40% of its earnings as dividends to shareholders.
What is Redington’s Return on Equity (ROE) for the last year (2023)?
Redington demonstrated a Return on Equity (ROE) of 22% in the fiscal year 2023.
What is the compounded sales growth rate for Redington over the last 5 years?
Over the last five years, Redington has achieved a noteworthy compounded sales growth rate of 14%.
What is the dividend yield for Redington in 2023?
In 2023, Redington achieved a noteworthy dividend yield of 4.00%.
How has Redington’s stock performed in the last one year (2023-2024)?
In the last year, from 2023 to 2024, Redington’s stock experienced a modest Compound Annual Growth Rate (CAGR) of -1%.
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Strategic Evolution and Financial Resilience: A Comprehensive Conclusion on Redington’s Journey
In conclusion, Redington India Limited has evolved significantly since its inception in 1993, emerging as a formidable player in global technology distribution. With a diverse portfolio of 235+ international brands in the IT and Mobility sectors, the company operates across 37 emerging markets, solidifying its position as the second-largest IT product distributor in India. Partnerships with over 200 global technology vendors, including industry giants like Apple and Microsoft, underscore Redington’s industry influence.
The stock’s current stability, reflected in a Price-to-Earnings ratio of 11.3 and a market capitalization of ₹14,076 Cr., signifies a balanced valuation. Projections for 2024 to 2030 reveal an anticipated share price growth, with a target range of ₹159.01 to ₹696.14. Noteworthy financial indicators include a 4.00% dividend yield, robust Return on Capital Employed (ROCE) at 24.9%, and a 23.7% Compound Annual Growth Rate (CAGR) in profits over the last five years. The consistent dividend payout of 46.8% and a healthy financial performance underscore Redington’s commitment to shareholder value. Despite recent challenges in the retail subsidiary, Redington remains well-positioned for sustained growth, reflecting resilience and adaptability in the ever-evolving technology landscape.
What did we learn?
- 1 About Redington
- 2 Redington Ltd Q3 Summary and Key Points
- 3 How to Purchase Redington Shares?
- 4 Redington Share Price Target 2024 To 2030
- 5 Financial Condition of Redington: Last 5 Years
- 6 FAQs
- 6.1 What is Redington India Limited’s current market capitalization?
- 6.2 What is the current share price of Redington India Limited?
- 6.3 What is Redington’s 2024 share price target?
- 6.4 What is the 2025 share price target for Redington India Limited?
- 6.5 What is Redington’s long-term share price target for 2030?
- 6.6 What is Redington India Limited’s current Price-to-Earnings (P/E) ratio?
- 6.7 What is the dividend payout percentage for Redington in 2023?
- 6.8 What is Redington’s Return on Equity (ROE) for the last year (2023)?
- 6.9 What is the compounded sales growth rate for Redington over the last 5 years?
- 6.10 What is the dividend yield for Redington in 2023?
- 6.11 How has Redington’s stock performed in the last one year (2023-2024)?
- 7 Strategic Evolution and Financial Resilience: A Comprehensive Conclusion on Redington’s Journey
