MarketFriction

Redington Ltd

NSE REDINGTON · BSE 532805 · Trading & Distributors
₹397.95 -2.22%
NSE close2026-10-01
52 week range191.31 - 419.50
Market cap₹31,697 Cr.
P/E17.6
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 48.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales22,22023,50522,43321,28224,89626,71626,44025,95229,07630,92233,21334,922
Expenses21,73922,98821,97420,91124,43726,11425,84325,55228,48730,29632,59934,215
Operating Profit481517459371458602597400589626614708
OPM %2.2%2.2%2.0%1.7%1.8%2.3%2.3%1.5%2.0%2.0%1.9%2.0%
Other Income764579535748696504337-9743
Interest106851068184848292116797289
Depreciation444352514954635455475051
Profit before tax4084343812923815131,148304460538395611
Tax %24%20%15%26%26%21%20%23%24%23%27%26%
Net Profit312348324217283403918233350413288453
EPS in Rs3.884.364.163.153.755.128.513.524.965.575.016.22
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales35,44241,11541,60346,53651,46556,94662,64479,37789,34699,334119,162128,133
Expenses34,63740,26440,75745,57050,37355,55460,80577,17487,33797,179116,815125,596
Operating Profit8068518469661,0921,3921,8392,2032,0092,1542,3482,537
OPM %2.3%2.1%2.0%2.1%2.1%2.4%2.9%2.8%2.2%2.2%2.0%2.0%
Other Income344139-84489881422648543326
Interest202183197271289205163355517456477356
Depreciation47555763155148141155181218206203
Profit before tax5906556316236921,1281,6221,8331,5752,3351,6972,004
Tax %25%27%23%22%23%30%19%21%21%22%24%
Net Profit4444774844845347881,3151,4391,2391,8211,2841,505
EPS in Rs5.305.806.026.536.629.7416.3817.8215.5920.5319.0621.76
Dividend Payout %20%37%20%18%32%60%40%40%40%33%31%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%16%15%23%
Compounded Profit Growth14%16%5%42%
Stock Price CAGR23%23%38%43%
Return on Equity17%18%15%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital80808080787878156156156156156
Reserves2,2942,8693,0683,4513,8284,2314,8615,6296,7717,3928,56510,004
Borrowings1,8672,3491,5161,4581,3072,7756228313,3212,9582,8092,842
Other Liabilities4,1355,2265,4865,8757,2067,5688,99911,79213,03013,88016,04320,835
Total Liabilities8,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57333,837
Fixed Assets276498476470454714605700877861858666
CWIP131402038111851261575
Investments0054700034000
Other Assets8,08610,0139,66910,36911,92013,92513,95317,62222,35423,52026,69933,095
Total Assets8,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57333,837
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity257-1421,3601861,0689663,497989-3,2341,079293231
Cash from Investing Activity1012-86-25-9454-610-16724337547470
Cash from Financing Activity-225202-1,131-199-651443-2,241-4761,529-1,381-1,171-999
Net Cash Flow4271144-383241,463646346-1,462-264-332-298
Free Cash Flow224-1851,3091529958853,459870-3,3821,016138125
CFO/OP51%5%180%40%131%100%270%69%-132%74%38%32%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days515545534950445155576466
Inventory Days354132293228202735292426
Days Payable404642444947506354515258
Cash Conversion Cycle465035383230141536343634
Working Capital Days23232024221181021222526
ROCE %17%16%16%16%18%15%20%28%25%19%19%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs56.26%56.99%58.09%57.87%58.07%58.53%60.57%62.58%61.81%61.94%61.49%61.96%
DIIs17.38%17.92%18.57%18.14%18.08%18.64%17.87%16.65%16.97%17.28%17.12%16.37%
Government0.03%0.03%0.03%0.00%0.00%0.00%0.05%0.06%0.05%0.05%0.06%0.06%
Public26.34%25.05%23.29%23.99%23.84%22.82%21.50%20.71%21.17%20.73%21.33%21.61%
No. of Shareholders2,59,1722,38,8062,27,4232,18,6582,21,7612,18,9282,23,9382,19,7402,50,9552,42,9362,53,6942,41,094

Fundamentals

Market Cap₹ 31,697 Cr.
Current Price₹ 405
Stock P/E17.6
Book Value₹ 130
ROCE18.4 %
ROE16.9 %
Dividend Yield1.48 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)42%
Consolidated figures.
Valuation
Market capRs 31,111 Cr
Enterprise valueRs 32,831 Cr
P/E (TTM)18.29x
Price to book3.06x
Price to sales0.24x
EV / EBITDA12.81x
EV / EBIT13.91x
EV / sales0.26x
Price to cash flow134.47x
Earnings yield5.47%
Dividend yield1.51%
P/E, 3-year average11.90x
P/B, 3-year average1.96x
P/E, 5-year average10.78x
P/B, 5-year average1.94x
Profitability
Operating margin (excl. other income)1.97%
Operating margin (incl. other income)2.00%
EBITDA margin2.00%
Pre-tax margin1.56%
Net profit margin1.33%
Net margin, latest quarter1.39%
ROE15.78%
ROCE17.72%
ROA4.85%
ROE, 3-year average17.45%
ROCE, 3-year average21.07%
ROA, 3-year average5.38%
ROE, 5-year average19.63%
ROCE, 5-year average23.70%
ROA, 5-year average6.12%
ROIC (approx.)15.03%
Tax rate24.33%
Other income / net worth0.32%
Growth
Sales growth (latest year)19.96%
Profit growth (latest year)-7.14%
Sales CAGR, 3 years14.50%
Sales CAGR, 5 years15.91%
Profit CAGR, 3 years2.29%
Profit CAGR, 5 years14.47%
Sales growth QoQ5.15%
Profit growth QoQ24.19%
Sales growth YoY (latest quarter)34.57%
Profit growth YoY (latest quarter)76.55%
Per share
EPS (TTM)Rs 21.76
EPS (latest year)Rs 19.06
EPS (latest quarter)Rs 6.22
EPS, 3-year averageRs 18.39
EPS, 5-year averageRs 17.87
Book value per shareRs 129.97
Sales per shareRs 1,639.00
Cash flow per shareRs 2.96
Free cash flow per shareRs 1.60
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 6.33
Dividend per share, 5-year averageRs 6.56
Dividends
Dividend payout31.48%
Dividend payout, 3-year average34.79%
Dividend payout, 5-year average37.02%
Efficiency
Asset turnover3.52x
Fixed asset turnover178.88x
Inventory turnover13.91x
Inventory days26 days
Debtor days66 days
Debtors turnover5.52x
Creditor days58 days
Cash conversion cycle34 days
Working capital days26 days
Leverage
Total debtRs 2,842 Cr
Cash and bankRs 1,122 Cr
Net debtRs 1,720 Cr
Debt to equity0.28x
Net debt / EBITDA0.67x
Interest coverage6.62x
Current ratio (filing 2026-03-31)1.41x
Quick ratio (filing 2026-03-31)1.06x
Trade payables (filing 2026-03-31)Rs 18,039 Cr
Owners' fund to total sources30.03%
Debt to assets8.40%
Cash flow
Cash from Operating Activity (latest year)Rs 231 Cr
Cash from Investing Activity (latest year)Rs 470 Cr
Cash from Financing Activity (latest year)Rs -999 Cr
Net Cash Flow (latest year)Rs -298 Cr
Free cash flow (latest year)Rs 125 Cr
FCFE (approx.: FCF + change in debt)Rs 158 Cr
Cash from ops / profit, 5 years-0.09x
Sales to cash flow515.07x
Statement figures
Net sales (TTM)Rs 128,133 Cr
Net sales (latest year)Rs 119,162 Cr
Sales (latest quarter)Rs 34,922 Cr
Operating profit excl. other income (latest year)Rs 2,348 Cr
Operating profit (latest quarter)Rs 708 Cr
Other income (TTM)Rs 26 Cr
EBITDA (TTM)Rs 2,563 Cr
PBDT (TTM)Rs 2,207 Cr
Profit before tax (TTM)Rs 2,004 Cr
Tax (latest year)Rs 413 Cr
Net profit (TTM)Rs 1,701 Cr
Net profit (latest year)Rs 1,490 Cr
Net profit (latest quarter)Rs 486 Cr
Depreciation (TTM)Rs 203 Cr
Depreciation (latest quarter)Rs 51 Cr
Interest (TTM)Rs 356 Cr
Cost of goods sold (latest year)Rs 113,692 Cr
Total expenditure (latest year)Rs 116,815 Cr
Total income (latest year)Rs 119,195 Cr
Share capitalRs 156 Cr
ReservesRs 10,004 Cr
Shareholders' fundsRs 10,161 Cr
Total assetsRs 33,837 Cr
Net blockRs 666 Cr
Capital work in progressRs 75 Cr
ReceivablesRs 21,569 Cr
InventoryRs 8,171 Cr
Other liabilitiesRs 20,835 Cr
Shares outstanding (crore)78.18
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.3 is at the 97th percentile of its own 9.4-year range (median 11.3, low 5.3, high 19.9).
P/B 3.06 is at the 98th percentile (median 2.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodREDINGTONNifty 50Difference
1 week-2.1%-2.8% +0.7 pts
1 month+13.8%-6.8% +20.6 pts
3 months+44.7%-7.6% +52.3 pts
6 months+99.0%+0.4% +98.6 pts
1 year+48.0%-9.9% +57.9 pts
2 years+109.3%-13.6% +122.8 pts
3 years+157.1%+14.2% +142.9 pts
5 years+175.2%+27.9% +147.3 pts
80 mutual fund schemes hold about ₹3,344 Cr. Over three months 24 bought more and 53 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund0.91%987 -19%
HDFC Small Cap Fund1.16%485 -14%
Old Bridge Focused Fund6.38%255 -24%
Tata Small Cap Fund1.77%231 -14%
HDFC Aggressive Hybrid Fund0.83%186 -42%
HDFC Large & Mid Cap Fund0.46%140 -13%
Bandhan Small Cap Fund0.39%133 -25%
Quant Small Cap Fund0.32%115 +100%
JM Flexi Cap Fund1.69%88 +119%
360 ONE Flexicap Fund3.16%71 +110%
HDFC Retirement Fund-Equity Plan0.77%54 -27%
Motilal Oswal Active Momentum Fund4.33%50 +100%
Tata Digital India Fund0.48%49 -20%
WOC Special Opp Fund2.11%41 +88%
Abakkus Small Cap Fund1.41%39 +100%
JM Value Fund4.36%35 +125%
Nippon India Nifty Smallcap 250 Index Fund0.96%34 -14%
WOC Flexi Cap Fund0.30%27 +100%
Quant Teck Fund9.30%25 +100%
Helios Small Cap Fund1.56%23 +13%
UTI Nifty 500 Value 50 Index Fund2.71%22 -10%
TRUSTMF Small Cap Fund0.76%22 +100%
Axis Nifty Smallcap 50 Index Fund2.58%19 -18%
Bajaj Finserv Multi Cap Fund1.12%18 +3%
WOC Mid Cap Fund0.24%18 +100%

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 37% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-03-11: Redington Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-07-13S V KrishnanDirectorother20,277Rs 0.71 CrOthers
2021-07-13Sethuraman S-other20,978Rs 0.74 CrOthers
2021-07-13Srinivasan N-other9,015Rs 0.32 CrOthers
2021-07-13V Ramesh-other15,415Rs 0.54 CrOthers
2021-07-13Abraham Cherian-other5,561Rs 0.19 CrOthers
2021-07-13Ashok Veeraragavan-other22,558Rs 0.79 CrOthers
2021-07-13ASWANI KUMAR VENKATA RATNA KALLAKU-other10,410Rs 0.36 CrOthers
2021-07-13Rahul Ashok Kadam-other4,349Rs 0.15 CrOthers
2021-07-13CHERIAN JOHN PARAKATT-other7,391Rs 0.26 CrOthers
2021-07-13Hetal Tarunkumar Shah-other6,110Rs 0.21 CrOthers
2021-07-13Prasanth Pookot-other9,930Rs 0.35 CrOthers
2021-07-13Ramanujam V-other4,100Rs 0.14 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹34,922 Cr +34.6% vs Jun 2025. Net profit ₹453 Cr +94.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 6 Per Share
2025-07-04Dividend - Rs 6.80 Per Share
2024-07-05Dividend - Rs 6.20 Per Share
2023-07-07Dividend - Rs 7.20 Per Share
2022-07-14Dividend - Rs 6.60 Per Share
2021-08-18 Bonus 1:10.5000
2021-08-03 Annual General Meeting
2021-07-16 Dividend - Rs 7.60 Per Share/ Special Dividend - Rs 4 Per Share
2020-08-04 Annual General Meeting
2020-03-03 Interim Dividend - Rs 2.80 Per Share
2019-12-03 Interim Dividend - Rs 1.50 Pr Sh
2019-07-22 Annual General Meeting/Dividend Rs 3.30 Per Share
2018-09-27 Buyback
2018-07-20 Annual General Meeting/Dividend- Rs 2.40 Per Share
2017-07-20 Annual General Meeting/Dividend - Rs 2.30/- Per Share
2017-02-14 Special Dividend Rs 2/- Per Share
2016-07-19 Annual General Meeting/Dividend Rs 2.10 Per Share
2015-07-24Dividend Rs 1.90 Per Share
2014-07-22Annual General Meeting/Dividend - Re.0.90/- Per Share
2013-07-24Annual General Meeting And Dividend Re.0.40 Per Share
2012-07-23Annual General Meeting And Dividend - Rs.0.40 Per Share
2011-07-14Dividend-Rs.1.10 Per Share
2010-08-20Face Value Split From Rs.10/- To Rs.2/-0.2000
2010-07-12Dividend-Rs.5/- Per Share
2009-07-16Agm/Div-Rs.4/- Per Share
2008-07-17Agm/Dividend - 35%
2007-07-18Agm/Dividend-25%
DateTypeWhat it says
2026-10-01Press ReleaseA press release dated October 01, 2026, titled "OPSWAT signs distribution deal with Redington to scale critical infrastructure protection across the M...
2026-09-17Concall / analyst meetSchedule of meet
2026-09-10Press ReleaseA press release dated September 10, 2026, titled "Press Release - Siemens and Redington collaborate to accelerate digital transformation across Afri...
2026-09-09Concall / analyst meetSchedule of meet
2026-09-05Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetSchedule of meet
2026-08-12Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetTranscript
2026-07-31Shareholder meetingVoting results.
2026-07-30Concall / analyst meetInvestor Data Book -Q1 FY27
2026-07-30Concall / analyst meetLink of Recording
2026-07-29General UpdatesContact details of Key Managerial Personnel of the Company authorised under Regulation 30(5) of the Securities and Exchange Board of India (Listing Ob...
2026-07-29Shareholder meetingProceedings of Annual General Meeting held on July 29, 2026
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Redington reports record Q1 FY27 revenue of ₹34,966 crore; PAT jumps 77% to ₹486 crore".
2026-07-29Investor PresentationInvestor Presentation
2026-07-29Board meeting outcomeRedington Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
2026-07-20Press ReleaseA press release dated July 20, 2026, titled "Redington and Resulticks Enter into a 5-year Strategic Relationshipfor Market Expansion".
2026-07-07Shareholder meetingNotice of Annual General Meeting to be held on July 29, 2026
2026-07-06Press ReleaseA press release dated July 06, 2026, titled "Redington Earns Frontier Distributor Designation Within the Microsoft AI Cloud Partner Program".
2026-06-29General UpdatesGeneral Updates
2026-06-23Concall / analyst meetTranscript
2026-06-22AppointmentAppointment of Mr Ajay Rotti as Non- Executive Independent Director of the Company w.e.f. Jun 22, 2026.
2026-06-17Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2018-04-20CESTATREDINGTON INDIA LTD ---VS.--- DGCEI ADJUDICATION CELL
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Redington Ltd?

Redington Ltd (REDINGTON) has a market capitalisation of Rs 31,697 Cr. at the 2026-10-01 close.

What is the P/E ratio of Redington Ltd?

Redington Ltd trades at a P/E of 17.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Redington Ltd's latest quarterly results?

In the Jun 2026 quarter, Redington Ltd sales was Rs 34,922 Cr (+34.6% vs Jun 2025) and net profit was Rs 453 Cr.

What is the 52-week high and low of Redington Ltd?

The 52-week high is Rs 419.50 and the 52-week low is Rs 191.31.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03