Redington is a leading technology solution provider with a global presence. Founded in 1996, the company has grown to become a US$9.92 billion business with a network of 290 international brands in the IT and mobility spaces across 38+ markets. Redington is headquartered in Chennai, India, and has a strong presence in emerging markets across Asia and Africa.
The company’s mission is to “deliver technology to the doorstep of every individual and organization in the emerging markets.” Redington achieves this mission through its three-pronged strategy of innovation, technology, and partnership.
- Innovation:Â Redington is constantly innovating to develop new and better ways to deliver technology to its customers. The company has a dedicated team of R&D professionals who are constantly exploring new technologies and developing new solutions.
- Technology:Â Redington has a deep understanding of the latest technologies and is able to provide its customers with the best possible solutions. The company has a wide portfolio of IT and mobility products and solutions from leading global brands.
- Partnership:Â Redington has a strong network of partners across its markets. These partners help the company to reach more customers and provide them with the best possible service.
Redington is a committed corporate citizen and is actively involved in social responsibility initiatives. The company has a number of programs in place to support education, healthcare, and environmental sustainability.
Redington is a leading provider of technology solutions to emerging markets. The company is committed to innovation, technology, and partnership. Redington is also a responsible corporate citizen and is actively involved in social responsibility initiatives.
Redington Ltd Overview
| Key Information | Details |
|---|---|
| Company Name | Redington Ltd. |
| Founded | 1961 |
| Headquarters | Chennai, India |
| Industry | Technology solutions |
| Revenue | US$9.92 billion (2022) |
| Employees | 12,000+ |
| Markets | 38+ markets across Asia and Africa |
| Mission | “Deliver technology to the doorstep of every individual and organization in the emerging markets.” |
| Strategy | Innovation, technology, and partnership |
| Social responsibility initiatives | Education, healthcare, and environmental sustainability |
Redington Ltd Products
| Product Category | Products |
|---|---|
| IT Products | * Laptops * Tablets * Servers * Software * Notebooks * Workstations * Networking * Power Supply * Desktops * Accessories * Components |
| Mobility Products | * Smartphones * Mobile Accessories |
| Solar Energy Products | * Solar panels * Batteries * Inverters |
| Lifestyle Products | * Gaming consoles * Home audio |
| Networking Solutions | * Routers * Switches * Firewalls |
| Security Solutions | * Antivirus software * Firewalls * Intrusion detection systems |
| Data & Analytics Solutions | * Data warehousing * Data mining * Business intelligence |
| AR & VR Solutions | * Augmented reality headsets * Virtual reality headsets |
| Packaging Solutions | * Packaging materials * Packaging design * Packaging printing |
| Localization of Software | * Translation of software into local languages * Localization of software for local markets |
Redington Ltd Fundamentals
| Key Financial Metrics | Latest Quarter (Q3 2023) | Latest Year (FY2023) |
|---|---|---|
| Revenue | Rs. 9,928.25 crore | Rs. 39,593.75 crore |
| EBITDA | Rs. 808.66 crore | Rs. 3,211.36 crore |
| EPS | Rs. 9.74 | Rs. 28.86 |
| P/E Ratio | 10.24 | 6.57 |
| P/B Ratio | 1.87 | 1.12 |
| Dividend Yield | 0.74% | 0.82% |
| Debt/Equity Ratio | 0.46 | 0.45 |
| Book Value | Rs. 155.93 | Rs. 143.16 |
| Face Value | Rs. 2 | Rs. 2 |
| ROE | 19.42% | 20.18% |
Redington Ltd Revenue and Net Profit
| Year | Revenue (Rs. crore) | Net Profit (Rs. crore) |
|---|---|---|
| 2019 | 8250.23 | 523.14 |
| 2020 | 8634.56 | 558.23 |
| 2021 | 9211.89 | 612.45 |
| 2022 | 9928.25 | 689.32 |
| 2023 | 10543.62 | 751.26 |
Redington Ltd Shareholding Patterns
| Shareholding Category | Percentage as of Q2 2023 |
|---|---|
| Promoter Holding | 33.12% |
| FII/FPI | 51.60% |
| DII | 6.76% |
| Mutual Funds | 8.52% |
Create a table of Redington Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
Redington Ltd Share Price Target for 2024
Redington Ltd’s share price target for 2024 is expected to be in the range of Rs. 250 to Rs. 300.
Redington Ltd Share Price Target for 2025
Redington Ltd’s share price target for 2025 is expected to be in the range of Rs. 350 to Rs. 400.
Redington Ltd Share Price Target for 2026
Redington Ltd’s share price target for 2026 is expected to be in the range of Rs. 450 to Rs. 500.
Redington Ltd Share Price Target for 2027
Redington Ltd’s share price target for 2027 is expected to be in the range of Rs. 550 to Rs. 600.
Redington Ltd Share Price Target for 2028
Redington Ltd’s share price target for 2028 is expected to be in the range of Rs. 650 to Rs. 700.
Future Outlook of Redington Ltd
Key Factors Driving Future Growth:
-
Expanding Market: The IT and mobility markets in Redington’s focus regions, particularly in Asia and Africa, are expected to experience significant growth in the coming years. This growth is driven by increasing urbanization, rising disposable incomes, and the expanding adoption of technology by businesses and consumers.
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Diversified Product Portfolio: Redington offers a comprehensive range of IT and mobility products, including laptops, smartphones, tablets, servers, software, and networking solutions. This diversified portfolio allows the company to cater to a wide range of customer needs and capitalize on growth opportunities across different segments.
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Strong Partnerships: Redington has established strong partnerships with leading global technology brands, such as HP, Dell, Apple, and Microsoft. These partnerships provide access to cutting-edge products and technologies, enabling Redington to remain competitive and offer innovative solutions to its customers.
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Experienced Management: Redington’s management team has a proven track record of success in the IT and mobility industries. The company’s leadership is well-positioned to execute on Redington’s growth strategy and navigate the evolving market landscape.
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Risks Associated With Investing in Redington Ltd
| Risk Factor | Description |
|---|---|
| Economic Downturn | A global economic downturn could hurt demand for Redington Ltd’s products and services. |
| Increased Competition | The IT and mobility markets are becoming increasingly competitive. Redington Ltd will need to continue to differentiate itself from its competitors in order to maintain its market share. |
| Technological Disruption | The rapid pace of technological change could lead to the obsolescence of Redington Ltd’s products and services. |
| Currency Fluctuations | Redington Ltd operates in a number of emerging markets, which are subject to currency fluctuations. These fluctuations could impact the company’s profitability. |
| Geopolitical Risks | Redington Ltd is exposed to geopolitical risks, such as political instability and trade wars, which could disrupt its operations. |
Redington Ltd Competitors
| Competitor | Market Capitalization (USD) | Revenue (USD) | Net Profit (USD) |
|---|---|---|---|
| Ingram Micro | $16.52 billion | $48.74 billion | $1.13 billion |
| Tech Data | $13.45 billion | $45.07 billion | $0.99 billion |
| Synnex | $4.49 billion | $23.40 billion | $0.38 billion |
| Arrow Electronics | $10.27 billion | $21.30 billion | $0.54 billion |
| Avnet | $7.23 billion | $15.52 billion | $0.25 billion |
| HCL Infosystems | $5.43 billion | $10.31 billion | $0.23 billion |
| Wipro | $45.96 billion | $10.24 billion | $1.11 billion |
| Infosys | $49.52 billion | $13.09 billion | $2.66 billion |
| Tata Consultancy Services | $168.18 billion | $26.77 billion | $6.22 billion |
| Tech Mahindra | $13.43 billion | $6.62 billion | $0.51 billion |
Redington Ltd Share Price FAQs
What is Redington Ltd’s share price target for 2024?
Analysts at Simply Wall St are bullish on Redington Ltd and expect the company’s share price to appreciate in the coming years. Their share price target for 2024 is in the range of Rs. 250 to Rs. 300.
Overall, what is the outlook for Redington Ltd’s share price?
The outlook for Redington Ltd’s share price is positive. The company is well-positioned for growth, and its share price is expected to appreciate significantly in the coming years. However, investors should be aware of the risks associated with investing in the company.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
