Redington Limited (REDINGTON) Share Price, Dividend & Analysis | Anvest

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Redington Limited is a leading IT technology solutions provider and distributor, operating across India, the Middle East, Africa, and Turkey. It acts as a crucial link between technology manufacturers and channel partners, facilitating the reach of IT products and services to end-users.

Information Technology ServicesFounded:1993CEO/MD:V.S. HariharanHQ:Chennai, Tamil Nadu

Business profile as of 2026-08-25

Business at a Glance

The company's core business is the wholesale distribution of technology products, accounting for 99.14% of its turnover.
This includes computers, computer peripheral equipment, solar, software, and electronic and telecommunications equipment and parts.

Revenue growth: +20.0%FY26 growth+14.5%3Y CAGR
EPS growth: -7.2%FY26 growth+2.3%3Y CAGR
CFO / PAT: 0.18×FY26

What Looks Strong

GrowthRevenue grew at +14.5% CAGR over three years.
MarketShareholder returns of +23.3% CAGR over five years.
Balance SheetConservative capital structure with manageable leverage of 0.27× Debt/Equity.

What to Watch

EarningsNet profit fell about 29% in FY26 (consolidated: ₹1,821 cr → ₹1,284 cr). Watch margins and one-off items in the next filing.
MarginsOperating margin is thin at 1.7%, leaving limited buffer against input cost volatility. Watch gross margin and cost lines in the next results.
Cash FlowOperating cash flow was only 0.2× reported net profit in FY26 (consolidated), a divergence worth watching for receivables or inventory build-up.
ValuationShare price has risen ~36% annualised over three years against ~2% profit growth, increasing valuation sensitivity to a growth slowdown.

Segment revenue, FY26 (consolidated, as filed): SISA 55%; ROW 45%.
Share of segment profit before interest and tax, FY26: SISA 65%; ROW 35%.
Redington makes money by distributing a wide range of IT hardware, software, and services from global brands to resellers and system integrators.

FY26 (consolidated): revenue ₹119,162 cr, up 20% from ₹99,334 cr in FY25; net profit ₹1,284 cr, down 29% from ₹1,821 cr in FY25.
FY26 (consolidated): operating cash flow ₹231 cr (0.2× net profit); debt/equity 0.27×.
Latest quarter to Jun 2026 (consolidated): revenue ₹34,922 cr (up 35% year on year); net profit ₹453 cr.