Redington Ltd (REDINGTON)

Services · Trading · NSE · Updated 1 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹365.85 ↑ 51.87% (1Y)

🎯 Key Takeaways

Redington Ltd is in a growth phase driven by consistent revenue expansion and improving profitability, supported by strategic leadership additions and a stable capital structure. The company has transitioned from a promoter-led model to institutional dominance, reflecting broader market confidence and governance maturity.
Revenue grew 5.1% QoQ to ₹34,922 in Q1FY27.
⚠️ 1) Margin pressure could emerge if operating costs rise faster than revenue, as seen in the slight dip in OPM from 1.9% to 1.7% in earlier quarters be

Market Cap

₹28,601

P/E Ratio

16.8

P/B Ratio

2.81

ROE

14.8%

ROCE

18.4%

Debt/Equity

0.26

Div Yield

1.64%

Promoter

0.0%

✨ Ask AI About REDINGTON 📊 Interactive Charts

📖 The Story

Redington Ltd is in a growth phase driven by consistent revenue expansion and improving profitability, supported by strategic leadership additions and a stable capital structure. The company has transitioned from a promoter-led model to institutional dominance, reflecting broader market confidence and governance maturity.

📰 What's Happening

In June 2026, the company appointed Ajay Rotti Jayathirtha as an Additional Director (Non-Executive Independent Director) effective until 2031, pending shareholder approval, as disclosed in a BSE filing on June 22, 2026. This strengthens board independence and governance oversight. Additionally, trading restrictions were imposed from July 1, 2026, until 48 hours after Q1FY27 results, in compliance with insider trading norms, indicating routine regulatory adherence.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	29,076	30,922	33,213	34,922
Operating Profit	533	579	564	657
OPM %	1.8%	1.9%	1.7%	1.9%
Net Profit	350	413	288	453
EPS	₹4.96	₹5.57	₹5.01	₹6.22

Revenue has grown steadily from ₹29,076 crore in September 2025 to ₹34,922 crore in June 2026, with operating profit margin expanding slightly to 1.9% from 1.7% in the prior quarter. Net profit rose to ₹453 crore from ₹288 crore, and EPS increased to ₹6.22, reflecting improved operational efficiency and scale benefits. The consistent margin expansion despite rising costs suggests effective cost management and pricing power.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the latest filings. However, the appointment of an independent director signals a focus on governance and long-term strategic oversight. No official commentary on future performance was included in the recent disclosures, leaving near-term outlook dependent on operational execution and macro trends.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	156	156	156	156
Reserves	7,449	8,565	8,856	10,004
Borrowings	1,724	2,809	2,609	2,637
Total Liabilities	26,509	27,584	29,793	33,839
Fixed Assets	450	497	496	636
Investments	0	0	0	39
Total Assets	26,509	27,584	29,793	33,839

The balance sheet shows stable equity at ₹156 crore with reserves growing from ₹8,565 crore to ₹10,004 crore, indicating retained earnings are being capitalized. Borrowings remain low and stable around ₹2,600–2,637 crore, while total assets have risen to ₹33,839 crore, reflecting asset base expansion in line with revenue growth. The capital structure remains conservative with minimal leverage.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+293
Investing	+560
Financing	-1,171
Net Cash Flow	-319

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	0.0%	0.0%	0.0%	0.0%
FII	61.8%	61.9%	61.5%	62.0%
DII	17.0%	17.3%	17.1%	16.4%
Public	16.4%	16.0%	16.4%	16.3%
# Shareholders	2,50,955	2,42,936	2,53,694	2,41,094

Institutional ownership (FII + DII) has increased steadily, with FII holding rising from 61.82% to 61.96% and DII from 16.97% to 17.12% over the last four quarters. The number of public shareholders has also grown, suggesting broadening retail interest. Promoter holding remains zero, consistent with its transition to a fully institutionalized equity structure.

⚖️ Peer Comparison — Trading

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
ADANIENT	4.29 L Cr	49.1	10.9%	9.1%	1.09
PREMIERENE	46,031	27.3	50.0%	59.3%	0.67
AEGISLOG	45,265	36.2	24.6%	24.4%	0.40
REDINGTON	28,601	16.8	18.4%	14.8%	0.26
HONASA	15,348	61.5	28.3%	21.1%	0.00
504346	11,524	—	-24.9%	-47.5%	0.73
LLOYDSENT	11,165	36.4	7.0%	5.7%	0.17
SGMART	9,937	79.9	11.2%	7.8%	0.14
MMTC	9,462	21.2	42.4%	26.3%	0.00
EBGNG	7,273	51.6	31.3%	62.9%	1.92

🔗 Peer Stock Analyses

ADANIENT PREMIERENE AEGISLOG HONASA 504346

⚠️ Risk Factors

1) Margin pressure could emerge if operating costs rise faster than revenue, as seen in the slight dip in OPM from 1.9% to 1.7% in earlier quarters before stabilization. 2) Dependence on trading and distribution volumes exposes the company to commodity price volatility and supply chain disruptions. 3) With promoter holding at zero, governance risks may increase if institutional alignment shifts without strategic oversight. 4) Low free cash flow generation (Net CF of -₹1,171 crore in March 2025) raises concerns about funding sustainability for working capital or expansion without external financing.

📋 Recent Filings

🧠 Analyst's Read

Redington is transitioning into a mature, institutionally backed growth trajectory with improving profitability and stable leverage. Investors should monitor margin trends, cash flow conversion, and the impact of new board oversight on strategic decisions in the coming quarters.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on REDINGTON

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when REDINGTON files new disclosures

Track REDINGTON filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track REDINGTON — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd