Redington Limited (REDINGTON)

Loading page…

Redington Limited (REDINGTON) · mywealthgrid

About

Redington Limited is a trading and distribution company in Commercial Services & Supplies (Industrials sector). With market cap of ₹26,116 Cr, it operates both standalone and consolidated entities generating quarterly revenues in the ₹16–35 Cr range with consistent operating margins around 1.87%.

Face value: ₹2

Market cap

₹31,112 Cr

P/E

18.3×

P/B

3.1×

Dividend yield

3.2%

ROE

15.8%

ROCE

21.7%

Debt / equity

0.26

OPM

1.9%

EPS (TTM)

₹21.8

Book value

₹130.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin operating margins (1.87%) offer minimal buffer against supplier pressures, price competition, or supply-chain shocks — typical for distribution, but verify Redington's competitive position and cost structure resilience
Net profit swings significantly quarter-to-quarter (EPS ₹2.86–₹6.8) despite stable margins, indicating exposure to volatile working-capital, interest, or tax items — verify which drivers cause the swings
Foreign institutional investors hold 61.96% of shares; verify liquidity and concentration risk if sentiment or fund flows shift
Consolidated revenue (₹30–35 Cr per quarter) substantially exceeds standalone (₹16–20 Cr), implying complex group structure; verify quality and consolidation scope of subsidiaries

Generated analysis · source review pending

Growth drivers

Debt-to-equity of 0.26 is low for a distribution model, providing capacity to fund growth through leverage without refinance pressure
Regular dividend payments (2023–2026 on record) demonstrate sustained cash generation; verify whether payout ratios allow reinvestment alongside distributions
Multi-entity footprint with consolidated revenues exceeding standalone substantially suggests established network reach; verify whether cross-platform synergies or channel expansion can drive volume
Strong 1-year stock return of 37.55% indicates market confidence in trajectory; verify basis—sector recovery, operational gearing, or valuation rerating

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹398.0-1.8%1Y

Quick read

rule-based

Pros

+High return on capital employed of 23.1%
+Revenue CAGR of 15.9% over the last 5 years
+Dividend yield of 3.2%
+Dividend payout of 58.8% of profit

Cons

−Thin operating margin of 1.9%

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 45
Growth: 66
Valuation: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 50 NIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35,442	41,115	43,459	46,536	51,465	56,946	62,644	79,377	89,346	99,334	1,19,162
COGS	-914	361	41,057	43,813	48,648	53,801	58,855	74,633	84,281	94,114	1,13,306
Gross profit	—	—	2,403	2,723	2,817	3,145	3,789	4,744	5,065	5,220	5,857
	35,572	39,929	1,586	1,825	1,794	1,802	1,997	2,625	3,188	3,191	3,627
	784	825	816	899	1,023	1,343	1,792	2,119	1,877	2,029	2,229
OPM %	2.2%	2%	1.9%	1.9%	2%	2.4%	2.9%	2.7%	2.1%	2%	1.9%
Depreciation	47	55	57	63	155	148	141	155	181	218	206
Interest	180	157	168	204	219	156	116	272	385	330	359
	34	41	39	-8	44	89	88	142	264	854	33
Profit before tax	590	655	631	623	692	1,128	1,622	1,833	1,575	2,335	1,697
Tax	146	178	146	139	158	342	307	394	336	514	413
Tax %	24.8%	27.2%	23.2%	22.3%	22.9%	30.3%	19%	21.5%	21.3%	22%	24.3%
	444	477	484	484	534	787	1,315	1,439	1,239	1,821	1,284
PAT margin %	1.3%	1.2%	1.1%	1%	1%	1.4%	2.1%	1.8%	1.4%	1.8%	1.1%
EPS (₹)	—	—	12	12.8	13.2	19.4	16.4	17.8	15.6	20.5	19.1
EPS adjusted (₹)	5.3	5.8	6	6.5	6.6	9.7	16.4	17.8	15.6	20.5	19.1
	—	—	19.9%	25.8%	32.5%	119.3%	40.2%	40.4%	39.8%	33.1%	31.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	80	80	80	78	78	78	156	156	156	156	156
Reserves	2,442	2,869	3,451	3,828	—	4,861	5,629	6,771	7,392	8,565	10,004
Minority interest	317	367	359	345	—	373	323	366	313	476	263
	1,521	2,240	1,458	1,307	—	445	633	3,127	2,807	2,619	2,637
	4,191	4,968	5,518	6,863	—	8,805	11,675	12,863	13,725	15,768	20,778
Total equity & liabilities	8,551	10,525	10,865	12,421	—	14,562	18,416	23,283	24,394	27,584	33,839
	425	474	470	454	714	605	700	662	677	629	413
CWIP	13	14	3	8	—	0	85	8	1	11	67
Investments	5	0	4	7	—	0	0	46	12	25	39
	8,108	10,036	10,388	11,952	—	13,957	17,631	22,568	23,704	26,919	33,320
Total assets	8,551	10,525	10,865	12,421	—	14,562	18,416	23,283	24,394	27,584	33,839

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
SISA	65,033.44	1,434.15	17,090.23	12,546.87	4,543.36	31.57
ROW	54,181.85	773.91

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	5.9%	5.5%	5.5%	6%	6%	5.7%	5.3%	4.9%
EBITDA margin %	1.9%	2%	2.4%	2.9%	2.7%	2.1%	2%	1.9%
EBIT margin %	1.8%	1.7%	2.1%	2.6%	2.5%	1.9%	1.8%	1.7%
PAT margin %	1%	1%	1.4%	2.1%	1.8%	1.4%	1.8%	1.1%
Working capital
Receivable days	49	—	44	51	55	57	64	66
Inventory days	32	—	20	27	35	29	24	26
Payable days	—	—	50	63	54	51	52	58
NWC days	—	—	14	15	36	34	36	34
Leverage
Current ratio	1.45	—	1.52	1.46	1.42	1.43	1.46	1.41
Debt to EBITDA	1.45	—	0.33	0.35	1.48	1.5	1.29	1.18
Debt to equity	0.33	—	0.09	0.11	0.45	0.37	0.3	0.26
Interest coverage	4.4	4.2	8.3	15	7.7	5.1	6.2	6.2
Asset turnover	3.75	—	3.91	3.4	3.41	3.66	3.6	3.52
Return ratios
Return on assets %	3.9%	—	5.4%	7.1%	6.2%	5.1%	6.6%	3.8%
Return on capital employed %	21.5%	—	23.2%	28.8%	29.7%	24.8%	23%	21.7%
Return on equity %	12.4%	—	15.9%	22.7%	20.8%	16.4%	20.9%	12.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	56.25%	56.99%	58.1%	57.87%	58.07%	58.52%	60.57%	62.59%	61.82%	61.94%	61.49%	61.96%
	17.38%	17.92%	18.57%	18.14%	18.08%	18.64%	17.87%	16.64%	16.96%	17.28%	17.12%	16.37%
	0%	0%	0%	0%	0%	0%	0%	0%	0.05%	0.05%	0.06%	0.06%
	26.37%	25.09%	23.33%	23.99%	23.85%	22.84%	21.56%	20.77%	21.17%	20.73%	21.33%	21.61%
No. of shareholders	—	—	—	—	—	—	—	—	2,50,955	2,42,936	2,53,694	2,41,094

Promoter holding up 0 percentage points since Sep 2023.

41 deals · 2 Dec 2021 – 3 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	48,10,836	₹346.60	₹166.74 Cr
3 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	48,10,836	₹346.42	₹166.66 Cr
27 Feb 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	41,68,071	₹276.52	₹115.26 Cr
27 Feb 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	41,68,071	₹276.24	₹115.14 Cr
6 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	39,27,344	₹281.20	₹110.44 Cr
6 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	39,27,344	₹280.89	₹110.32 Cr
19 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	74,91,460	₹306.57	₹229.67 Cr
19 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	74,87,913	₹306.70	₹229.65 Cr
19 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	42,43,110	₹306.16	₹129.91 Cr
19 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	40,83,813	₹306.87	₹125.32 Cr

1–10 of 41

1 / 5

Mr. J RamachandranNon-Executive - Non Independent Director-Chairperson
Mr. Balasubramanyan RamaratnamNon-Executive - Independent Director
Ms. Anita BelaniNon-Executive - Independent Director
Mr. Tu Shu ChyuanNon-Executive - Non Independent Director
Ms. Chen Yi JuNon-Executive - Non Independent Director
Mr. Srinivasan Venkata KrishnanExecutive Director
Mr. Sudip NandyNon-Executive - Independent Director
Mr. Vishnampet Sethuraman HariharanExecutive Director
Mr. Ajay Rotti JayathirthaNon - Executive Independent Director
Mr. Ajay Rotti JayathirthaNon-Executive - Independent Director
Mr. V. Ravi ShankarChief Financial Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

3.27%

of the company's equity

All mutual funds

10.96%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

43 schemes · 15 fund houses

		Shares
Focused Fund	Old Bridge Mutual Fund	77.71 L	277.99	6.38%	0.994%	-0
SMALL CAP FUND	Tata Mutual Fund	64.66 L	231.33	1.77%	0.827%	-0
Flexi CapNEW	360 ONE Mutual Fund	19.87 L	71.07	3.16%	0.254%	—
(Investment Manager for Motilal Oswal Mutual Fund)NEW	Motilal Oswal Mutual Fund	13.99 L	50.03	4.33%	0.179%	—
DIGITAL INDIA FUND	Tata Mutual Fund	13.83 L	49.48	0.48%	0.177%	-0
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	9.47 L	33.88	0.96%	0.121%	+11,578
Small Cap FundNEW	Helios Mutual Fund	7.58 L	27.12	1.56%	0.097%	—
TRUSTMF Small Cap FundNEW	Trust Mutual Fund	7.27 L	26	0.76%	0.093%	—

1–8 of 43

1 / 6

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

53 announcementsExport CSV

1 Oct 2026, 4:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	5.9%	5.5%	5.5%	6%	6%	5.7%	5.3%	4.9%
EBITDA margin %	1.9%	2%	2.4%	2.9%	2.7%	2.1%	2%	1.9%
EBIT margin %	1.8%	1.7%	2.1%	2.6%	2.5%	1.9%	1.8%	1.7%
PAT margin %	1%	1%	1.4%	2.1%	1.8%	1.4%	1.8%	1.1%
Working capital
Receivable days	49	—	44	51	55	57	64	66
Inventory days	32	—	20	27	35	29	24	26
Payable days	—	—	50	63	54	51	52	58
NWC days	—	—	14	15	36	34	36	34
Leverage
Current ratio	1.45	—	1.52	1.46	1.42	1.43	1.46	1.41
Debt to EBITDA	1.45	—	0.33	0.35	1.48	1.5	1.29	1.18
Debt to equity	0.33	—	0.09	0.11	0.45	0.37	0.3	0.26
Interest coverage	4.4	4.2	8.3	15	7.7	5.1	6.2	6.2
Asset turnover	3.75	—	3.91	3.4	3.41	3.66	3.6	3.52
Return ratios
Return on assets %	3.9%	—	5.4%	7.1%	6.2%	5.1%	6.6%	3.8%
Return on capital employed %	21.5%	—	23.2%	28.8%	29.7%	24.8%	23%	21.7%
Return on equity %	12.4%	—	15.9%	22.7%	20.8%	16.4%	20.9%	12.6%

Date	Category	Subject	Filing
1 Oct 2026, 4:16 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
17 Sept 2026, 5:24 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Sept 2026, 5:18 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
9 Sept 2026, 3:45 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
5 Sept 2026, 12:02 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
14 Aug 2026, 5:40 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
7 Aug 2026, 11:44 am	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
3 Aug 2026, 5:27 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-142	1,360	186	1,068	966	3,497	989	-3,234	1,079	293	231
	-18	-75	-19	-94	-58	-497	-57	176	145	560	-10
	202	-1,131	-199	-651	443	-2,241	-476	1,529	-1,381	-1,171	-999
Net cash flow	41	154	-32	323	1,351	759	457	-1,529	-156	-319	-779
Free cash flow	—	1,305	147	1,038	919	3,464	871	-3,391	976	156	74
CFO / Operating profit %	-18.1%	164.9%	22.7%	118.9%	94.4%	260.3%	55.2%	-152.6%	57.5%	14.4%	10.4%

Redington Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

25

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

India · revenue

Redington Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Dividends25

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

India · revenue

25

1

1