āagman

Not investment advice. Data and computed figures, for information only.

Redington Ltd

NSE: REDINGTON
₹392.10
−₹9.50 (−2.37%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹29,707 Cr
CMP
₹392.10
52-wk High / Low
₹420 / 191
P/E
16.5
P/B
2.9
Book Value
₹130.0
Div Yield
1.58%
ROCE
18.0%
ROE
16.9%
Face Value
₹2
D/E
0.28

Price+35.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹236
√(22.5 × EPS × book value per share)
ROIC
12.5%
vs 9.3% sector median
Cash flow to profit
0.18
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+49
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.5%
ROE × earnings retention ratio
ROE stability
3.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.47DII −0.75
Latest quarter vs the previous one
Cash-accrual divergence
3.4%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 19% vs the 2024 sector median of 16%)
+Price trades above its 200-day moving average (1.4x)
+Price is within 10% of its 52-week high (-6.5%)
+FII holding rose by 1.5pp over the last year
+PE of 16.5x is below the sector median of 30.5x
Watch-outs
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales21,18722,22023,50522,43321,28224,89626,71626,44025,95229,07630,92233,21334,922
Expenses20,76821,73922,98821,97420,91124,43726,11425,84325,55228,48730,29632,59934,215
Operating Profit419481517459371458602597400589626614708
OPM %2.0%2.2%2.2%2.0%1.7%1.8%2.3%2.3%1.5%2.0%2.0%1.8%2.0%
Other Income64764579535748696504337−9743
Interest88106851068184848292116797289
Depreciation42444352514954635455475051
Profit before tax3524084343812923815131,148304460538395611
Net Profit255312348324217283403918233350413288453
EPS (₹)3.183.884.364.163.153.755.128.513.524.965.575.016.22

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales31,55935,44241,11541,60346,53651,46556,94662,64479,37789,34699,3341,19,1621,28,133
Expenses30,84334,63740,26440,75745,57050,37355,55460,80577,17487,33797,1791,16,8151,25,596
Operating Profit7178068518469661,0921,3921,8392,2032,0092,1542,3482,537
OPM %2.3%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 Income64344139−84489881422648543326
Interest182202183197271289205163355517456477356
Depreciation4347555763155148141155181218206203
Profit before tax5555906556316236921,1281,6221,8331,5752,3351,6972,004
Net Profit4104444774844845347881,3151,4391,2391,8211,2841,505
EPS (₹)4.845.305.806.026.536.629.7416.3817.8215.5920.5319.0621.76

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity241257−1421,3601861,0689663,497989−3,2341,079293231
Cash from Investing Activity2961012−86−25−9454−610−16724337547470
Cash from Financing Activity−523−225202−1,131−199−651443−2,241−4761,529−1,381−1,171−999
Net Cash Flow144271144−383241,463646346−1,462−264−332−298

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.017.016.016.016.018.015.020.028.025.019.019.018.0
ROE %————————————16.9
EPS (₹)4.214.845.305.806.026.536.629.7416.3817.8215.5920.5319.06
Book Value (₹)————————————130.0
Face Value (₹)————————————2
P/E————————————16.5
Div Yield %————————————1.58
NPM %1.31.31.31.21.21.01.01.42.11.81.41.81.1
OPM %2.02.32.32.12.02.12.12.42.92.82.22.22.0
D/E0.880.790.800.480.410.330.640.130.140.480.390.320.28
P/B————————————2.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+16.0%
3 years+15.0%
TTM+23.0%
Compounded profit growth
10 years+14.0%
5 years+16.0%
3 years+5.0%
TTM+42.0%
Stock price CAGR
10 years+22.0%
5 years+21.0%
3 years+36.0%
Last year+31.0%
Return on equity
10 years17.0%
5 years18.0%
3 years15.0%
Last year17.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters8.20%8.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs29.77%29.77%38.13%34.44%42.10%42.00%39.40%60.50%58.09%60.57%61.49%61.96%
DIIs22.28%22.28%19.98%21.18%16.74%15.79%16.14%16.68%18.57%17.87%17.12%16.37%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.03%0.05%0.06%0.06%
Public39.75%39.75%41.89%44.38%41.16%42.21%44.46%22.82%23.29%21.50%21.33%21.61%
No. of shareholders23,75123,75120,37526,20625,58038,1192,42,6152,52,3362,27,4232,23,9382,53,6942,41,094
Change since Jun 2023 (pp)
Promoters −8.20FIIs +32.19DIIs −5.91Public −18.14

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 3 Jul 2026
3 Jul 2026DIVIDENDDividend - Rs 6 Per Share—
4 Jul 2025DIVIDENDDividend - Rs 6.80 Per Share—
5 Jul 2024DIVIDENDDividend - Rs 6.20 Per Share—
7 Jul 2023DIVIDENDDividend - Rs 7.20 Per Share—
14 Jul 2022DIVIDENDDividend - Rs 6.60 Per Share—
18 Aug 2021BONUS Bonus 1:1—
16 Jul 2021DIVIDEND Dividend - Rs 7.60 Per Share/ Special Dividend - Rs 4 Per Share—
3 Mar 2020DIVIDEND Interim Dividend - Rs 2.80 Per Share—
3 Dec 2019DIVIDEND Interim Dividend - Rs 1.50 Pr Sh—
22 Jul 2019DIVIDEND Annual General Meeting/Dividend Rs 3.30 Per Share—
20 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 2.40 Per Share—
20 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.30/- Per Share—
14 Feb 2017DIVIDEND Special Dividend Rs 2/- Per Share—
19 Jul 2016DIVIDEND Annual General Meeting/Dividend Rs 2.10 Per Share—
24 Jul 2015DIVIDENDDividend Rs 1.90 Per Share—
22 Jul 2014DIVIDENDAnnual General Meeting/Dividend - Re.0.90/- Per Share—
24 Jul 2013DIVIDENDAnnual General Meeting And Dividend Re.0.40 Per Share—
23 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.0.40 Per Share—
14 Jul 2011DIVIDENDDividend-Rs.1.10 Per Share—
20 Aug 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
12 Jul 2010DIVIDENDDividend-Rs.5/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman