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    Redington Limited

    Technology distributor linking 450+ global brands to 70,000+ partners across India, MEA & Turkey.

    Services
    Services
    View REDINGTON earnings calls
    ₹275.05
    +9.00% from avg

    Overview

    Price

    ₹275.05

    Market Cap

    ₹21.7k Cr

    Sector

    Services

    Services

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital7878156156156156156156
    Reserves4.2k4.9k5.6k6.8k7.4k8.6k8.9k10.0k
    Borrowings2.8k6228313.3k3.0k2.8k2.6k2.8k
    Other Liabilities7.6k9.0k11.8k13.0k13.9k16.0k18.2k20.8k
    Total Liabilities14.7k14.6k18.4k23.3k24.4k27.6k29.8k33.8k
    AssetsFixed Assets714605700877861858788666
    CWIP11185126153975
    Investments000340000
    Other Assets13.9k14.0k17.6k22.4k23.5k26.7k29.0k33.1k
    Total Assets14.7k14.6k18.4k23.3k24.4k27.6k29.8k33.8k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1.1k9663.5k989-3.2k1.1k293231
    Cash from Investing-9454-610-16724337547470
    Cash from Financing-651443-2.2k-4761.5k-1.4k-1.2k-999
    SummaryCapital Expenditure
    Free Cash Flow9958853.5k870-3.4k1.0k138125
    FCF Margin

    Valuation

    Assumptions

    Current — REDINGTON
    Price
    ₹259
    EPS (TTM)
    ₹19.06
    PE (TTM)
    13.6
    Profit growth
    -3.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (12.4×) and current (13.6×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹259
    vs
    Fair value · 15% return
    ₹76
    71%Overvalued

    At -3.7% growth and a 12× exit, ₹259 only delivers your return if you pay ₹76. The price is currently baking in 20% growth.

    EPS grows -3.7%/yr for 5 years, then fades to 6% over 2, exits at 12×.

    YearGrowthEPS (₹)
    FY27-3.7%18.35
    FY28-3.7%17.68
    FY29-3.7%17.02
    FY30-3.7%16.39
    FY31-3.7%15.79
    FY321.1% ·fade15.97
    FY336.0% ·fade16.92

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Redington Limited

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