Redington (India) Ltd.

NSE: REDINGTON BSE: 532805 SECTOR: Trading  66k   742   203

121.90
+5.90 (5.09%)
NSE: 24 Jun 03:59 PM

Price Summary

Today's High

₹ 123.15

Today's Low

₹ 117.3

52 Week High

₹ 179.2

52 Week Low

₹ 109.4

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

9526.06 Cr.

Enterprise Value

9223.39 Cr.

No. of Shares

78.15 Cr.

P/E

10.19

P/B

3.74

Face Value

₹ 2

Div. Yield

5.42 %

Book Value (TTM)

₹  32.62

CASH

303.66 Cr.

DEBT

0.99 Cr.

Promoter Holding

0 %

EPS (TTM)

₹  11.97

Sales Growth

21.94%

ROE

13.61 %

ROCE

20.38%

Profit Growth

-46.22 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year21.94%
3 Year15.24%
5 Year12.45%

Profit Growth

1 Year-46.22%
3 Year12.71%
5 Year6.89%

ROE%

1 Year13.61%
3 Year17.2%
5 Year15.2%

ROCE %

1 Year20.38%
3 Year20.99%
5 Year19.39%

Debt/Equity

0.0005

Price to Cash Flow

10.95

Interest Cover Ratio

11.1545809813287

CFO/PAT (5 Yr. Avg.)

1.28768094716882

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2022 0 0
Dec 2021 0 0
Sep 2021 0 0
Jun 2021 0 0
Mar 2021 0 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 15.2446390138713% for the Past 3 years.
  • The company has significantly decreased its debt by 1171.31 Cr.
  • Company has been maintaining healthy ROCE of 20.9864967710783% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 11.1545809813287.
  • The company has an efficient Cash Conversion Cycle of 20.4929386846424 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.28768094716882.

 Limitations

  • The company has a low EBITDA margin of 2.14355520491153% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Net Sales 6352.35 5359.97 6791.33 7088.75 7778.89
Total Expenditure 6201.97 5224.33 6617.74 6905.33 7617.32
Operating Profit 150.38 135.64 173.59 183.42 161.57
Other Income 14.94 6.94 459.26 9.48 11.85
Interest 1.52 3.25 1.54 1.07 1.34
Depreciation 6.82 9.05 9 5.91 6.19
Exceptional Items 0 0 0 0 0
Profit Before Tax 156.98 130.28 622.31 185.92 165.89
Tax 41.51 34.69 43.74 48.47 42.43
Profit After Tax 115.47 95.59 578.57 137.45 123.46
Adjusted EPS (Rs) 1.48 1.22 7.41 1.76 1.58

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 15758.83 14844.21 16851.21 18632.57 22720.67
Total Expenditure 15394.69 14503.66 16528.67 18236.09 22250.13
Operating Profit 364.14 340.55 322.54 396.48 470.54
Other Income 46.06 45.53 58.17 373.84 71.07
Interest 85.59 101.22 142.63 118.3 46.06
Depreciation 11.52 13.53 12.3 26.22 27.83
Exceptional Items 0 0 0 0 0
Profit Before Tax 313.09 271.33 225.78 625.8 467.72
Tax 104.74 87.41 73.64 136.2 204.39
Net Profit 208.35 183.92 152.14 489.6 263.33
Adjusted EPS (Rs.) 2.61 2.3 1.96 6.29 3.38

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 79.97 80.03 77.82 77.82 77.84
Total Reserves 1529.73 1609.43 1526.12 1723.97 1989.89
Borrowings 0 0 0.94 0 0
Other N/C liabilities -0.34 -1.78 -5.04 25.18 24.14
Current liabilities 2915.41 2746.02 3583.51 3868.59 3153.52
Total Liabilities 4524.77 4433.7 5183.35 5695.56 5245.39
Assets
Net Block 97.27 91.75 84.81 87.72 71.36
Capital WIP 0.5 2.78 2.78 0 0
Intangible WIP 0 12.06 30.27 0 0
Investments 602.72 605.06 638.45 696.48 689.1
Loans & Advances 56.68 58.87 187.93 205.92 177.57
Other N/C Assets 28.47 39.81 0 0 0
Current Assets 3739.13 3623.37 4239.11 4705.44 4307.36
Total Assets 4524.77 4433.7 5183.35 5695.56 5245.39
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 313.09 271.33 225.78 625.8 467.72
Adjustment 80.87 100.69 151.61 -175.61 34.71
Changes in Assets & Liabilities -189.76 -139.22 73.78 -94.74 521.36
Tax Paid -108.14 -91.18 -127.98 -115.76 -153.79
Operating Cash Flow 96.06 141.62 323.19 239.69 870
Investing Cash Flow -19.79 60.55 -28.1 348.55 32.72
Financing Cash Flow -88.1 -89.53 -296.12 -87.7 -1216.6
Net Cash Flow -11.83 112.64 -1.03 500.54 -313.88

Corporate Actions

Investors Details

PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Promoters 0.00 0.00 0.00 0.00 0.00
PARTICULARS Mar 2021% Jun 2021% Sep 2021% Dec 2021% Mar 2022%
Investors 100.00 100.00 100.00 100.00 100.00

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Redington enters into strategic partnership with Infoblox3 Jun 2022, 11:27AM Redington (India) informs about analyst call24 May 2022, 2:34PM Redington - Quaterly Results21 May 2022, 5:37PM Redington - Quaterly Results21 May 2022, 5:37PM Redington - Quaterly Results21 May 2022, 5:37PM Redington (India) informs about analyst meet17 May 2022, 5:06PM Redington enters into partnership with Check Point Software Technologies14 Feb 2022, 2:20PM Redington - Quaterly Results8 Feb 2022, 5:10PM Redington - Quaterly Results8 Feb 2022, 5:10PM Redington - Quaterly Results8 Feb 2022, 5:10PM Redington India enters into partnership with Vicarius1 Feb 2022, 11:19AM Redington (India) informs about certificate6 Jan 2022, 5:09PM Redington (India) informs about disclosures 23 Dec 2021, 10:56AM Redington (India) informs about allotment of shares14 Dec 2021, 2:23PM Redington (India) informs about disclosure8 Dec 2021, 10:03AM Redington India’s arm acquires entire stake in Brightstar2 Dec 2021, 5:52PM Redington (India) informs about disclosures2 Dec 2021, 4:58PM Redington (India) informs about analyst call10 Nov 2021, 4:21PM Redington (India) informs about disclosure13 Oct 2021, 9:43AM Redington India’s arm enters into binding SPA to acquire entire stake in Brightstar14 Sep 2021, 11:16AM Redington (India) informs about analyst meet24 Aug 2021, 10:43AM Redington (India) informs about allotment of shares 22 Jun 2021, 11:55AM Redington (India) informs about analyst meet5 Jun 2021, 1:15PM Redington (India) informs about analyst meet25 May 2021, 10:36AM Redington (India) informs about analyst conference call 22 May 2021, 11:03AM Redington (India) informs about investor presentation12 Nov 2020, 3:53PM Redington’s arm acquires additional 15.2% stake in Citrus26 Oct 2020, 9:59AM Redington India to retail iPhone range of smart phones 24 Oct 2020, 11:29AM Redington informs about analyst meet24 Sep 2020, 5:01PM Redington (India) informs about investor meet21 Sep 2020, 1:39PM Redington informs about transcript of conference call18 Aug 2020, 4:07PM Redington (India) informs about voting results and scrutinizer report 14 Aug 2020, 12:15PM Redington informs about summary of proceedings of AGM13 Aug 2020, 11:06AM Redington inks pact to sell entire stake in Ensure Support Services1 Aug 2020, 8:40AM

Redington Stock Price Analysis and Quick Research Report. Is Redington an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Redington has a PE ratio of 10.1874524683052 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Redington has ROA of 4.81365877734566 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Redington has a Current ratio of 1.36588954565057 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Redington has a ROE of 13.6104736504786 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Redington has a D/E ratio of 0.0005 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Redington has an Inventory turnover ratio of 20.8536433140896 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Redington has reported revenue growth of 21.9406125939685 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Redington for the current financial year is 2.0709776604299 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Redington is Rs 11.6 and the yield is 5.4165 %.

Brief about Redington

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