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Redington Ltd Performance

Today's Low
215.50
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Today's High
222.60
52 Wk Low
136.20
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52 Wk High
229.65


Open

218.6

Traded Value (Cr)

37.08 Cr

Prev. Close

221.45

VWAP

219.4

Volume

15,07,072

Face Value

2

Redington Ltd Fundamentals

Market Cap
₹ 17,339 Cr
P/E Ratio (TTM)
14.41
P/B Ratio
2.51
Debt to Equity
0.48
ROE
18.01 %
EPS (TTM)
15.39
Dividend Yield
3.25%
Book Value
88.23

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Redington Ltd Financials

Redington Ltd Financials

Redington Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
FII 58.07 % 56.97 % 56.25 % 59.21 %
Retail 16.44 % 17.25 % 18.49 % 16.09 %
Others 13.41 % 13.89 % 13.45 % 12.70 %
Mutual Funds 12.08 % 11.90 % 11.81 % 12.00 %
Promoters 0.00 % 0.00 % 0.00 % 0.00 %

FII

58.07%

Retail

16.44%

Others

13.41%

Mutual Funds

12.08%

Promoters

0.00%

FII

56.97%

Retail

17.25%

Others

13.89%

Mutual Funds

11.90%

Promoters

0.00%

FII

56.25%

Retail

18.49%

Others

13.45%

Mutual Funds

11.81%

Promoters

0.00%

FII

59.21%

Retail

16.09%

Others

12.70%

Mutual Funds

12.00%

Promoters

0.00%

Resistance and Support

₹205.08

PIVOT

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Resistance
First Resistance₹208.117
Second Resistance₹210.833
Third Resistance₹213.867
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Support
First Resistance₹202.367
Second Resistance₹199.333
Third Resistance₹196.617
RSI68.305
MACD8.326
ADX15.121
CCI34.732

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,507,072778,55245.97
Week2,122,2201,402,63859.67
1 Month2,856,3541,133,06043.34
6 Months1,507,072714,15947.39

About Redington Ltd

An integrated supply chain solution provider, Redington India Limited was incorporated on 2nd May 1961. Being the second largest distributor of IT products in India, the company and through all its subsidiaries distributes products from over 220 leading manufacturers, services over 39,500 channel partners in India. It is engaged in distribution of Information Technology, mobility and other technology products besides supply chain solutions. The company successfully transformed itself from a pure IT products distribution firm with traditional cash and carry model to a leading integrated supply chain solution provider that includes non IT products and involves the management of inventory of greater than 45,000 SKU's (stocking units). It provides logistics, supply chain management and other support services in India, Middle East, Turkey, Africa and South Asian countries. The Company commenced its operations in the year 1993 by distributing information technology products. From then on the company has continuously expanded its operations across India covering a broad range of IT and Telecom Products. During the year 1994, commenced service operations for IT products, distribution of Epson and Tripplite IT products, and distribution of Samsung monitors, also commenced its operations in Northern India. A year after, in the year 1995, Redington had started its operations in Eastern India, also in the same year the company had commenced distribution of Compaq and Philips products. The distributions of Intel products were started by the company in the year 1996. The Company made tie-up with Microsoft for distribution of software products in the year 1997 and also made tie-up with IBM, APC and Canon for distribution of their products in the year 1998. Hewlett Packard honored the company as an excellent service provider' in the year of 2000. The call centre operations of the company were started in the year 2002 for servicing Compaq's Presario range of products and ranked Best Distributor India' for the year 2002-2003 by Computer Associates. Commenced distribution and servicing of Motorola mobile phones during the year 2003. Once again the company ranked as Best Distributor in India' in the volumes business category by Microsoft for the year 2003-2004. The Company had acquired Redington Gulf FZE (Middle East and Africa operations) in April of the year 2004 from Redington Mauritius Limited and also acquired some value in Redington Distribution Pte Ltd (Singapore, Bangladesh & Srilanka Operations) as well as Cadensworth (India) Pvt Ltd in April of the year 2005. Also in the year 2005, Redington had entered into consumer durable distribution area. During the year 2006, the company had acquired 100% shareholding of Redington Distribution Pte Limited and Cadensworth (India) Private Limited. A distribution agreement was made between the company and Apple Computer International Pvt Ltd., Bangalore (Apple Computer) in the year 2007 for distribution of Apple's range of products in India. The Company forged partnership with Adobe in February 2008 to successfully position Adobe's product offerings to increase its reach and tap more verticals in the Indian market. Authenex made tie-up with Redington in July of the same year 2008. Power management firm Eaton Corporation signed a nationwide distribution pact with Redington India in August 2008 to deliver its single phase uninterruptible power supply (UPS) systems. During the course of FY 19-20, Company took decisive steps in its pivot towards transitioning itself into a Solution Oriented Distributor and has augmented its skills and capabilities in critical, future-oriented and emerging technologies in the areas of Cloud, Cybersecurity, Internet of Things (IoT), Artificial Intelligence (AI) & Machine Learning (ML). During the year 2021, the Company sold its entire shareholding in M/s. Ensure Support Services (India) Limited a wholly owned subsidiary of the Company, to M/s. Accel Limited. Ensure was in the business of providing after sales support services including warranty and out-of-warranty services independently and on behalf of Original Equipment Manufacturers (OEM), and other allied services. Since this business vertical was not strategic to the Company, the entire shareholding in Ensure was divested on July 31, 2020 During the year 2022-23, the Company issued Bonus Shares of One Equity Share of Rs 2/- only each Fully Paid Up for every One Equity Share of Rs. 2/- each for every shareholder effective on August 20, 2021. In year 2022-23, the Company launched Redington Online, an end-to-end digital platform aimed at making it easy for customers and partners to source technology products, solutions and services. It launched CloudQuarks, a cloud commerce platform that provides advisory, simplifies purchase process, regulates consumption and delivery of products and services.

Managing Director

RAJIV SRIVASTAVA

Founded

1961

NSE Symbol

REDINGTON

Redington Ltd Management

NameDesignation
J RamachandranChairman & Independent Directo
Tu Shu ChyuanNominee
M MuthukumarasamyCompany Sec. & Compli. Officer
V S HariharanIndependent Director
Keith WF BradleyIndependent Director
B RamaratnamIndependent Director
Chen, Yi-JuNominee
Anita P BelaniIndependent Director
S V KrishnanWhole Time Director
RAJIV SRIVASTAVAManaging Director

Redington Ltd News

Redington forges strategic partnership with Zoho
To leverages its own distribution network to offer range of Zoho solutions
Redington gains on partnership with Zoho Corp
Redington gained 3.11% to Rs 222.45 after it announced a strategic partnership with Zoho Corporation to help businesses in India accelerate their digital transformation.
Redington slides after Q3 PAT drops 11% YoY to Rs 348 crore
Redington declined 6.85% to Rs 193.80 after the company’s consolidated net profit declined 11.42% to Rs 347.88 crore despite of 8.45% increase in revenue to Rs 23,504.97 crore in Q3 FY24 over Q3 FY23.
Redington consolidated net profit declines 10.25% in the December 2023 quarter
Sales rise 8.45% to Rs 23504.97 crore
Redington schedules board meeting
On 6 February 2024
Redington consolidated net profit declines 21.58% in the September 2023 quarter
Sales rise 16.64% to Rs 22220.15 crore
Redington to hold board meeting
On 6 November 2023
Redington receives affirmation in credit ratings from ICRA
Redington receives ratings action from CRISIL
Redington appoints Group CEO

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Redington Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Redington Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Redington Ltd's share price is ₹218.95 as of April 19, 2024

Redington Ltd's P/E ratio is 14.41 times as of April 19, 2024.

Redington Ltd's most recent financial reports indicate a price-to-book ratio of 2.51, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Redington Ltd's market is 17,340 Cr as on April 19, 2024.

The current financial records of Redington Ltd show a 18.01% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Redington Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Redington Ltd's 52-week high and low as of April 19, 2024 are ₹222.6 and ₹215.5 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Redington Ltd stands at 0.00%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 56.97% to 58.07%.