Overall Fundamental outlook

Business Operations:

Sector: Technology
Industry: Information Technology Services

Redington Limited provides supply chain solutions in India and internationally. It offers hyperconverged infrastructure, enterprise storage, all-flash, storage visualization, and fault tolerant solutions; enterprise networking and WAN solutions; AI and automation, software applications, security, digital printing, data and analytics, infrastructure, 3D printing, network modernization, cyber security, solar, gaming, AE and VR, home automation, wearables, and displays; and next-gen firewall, web application firewall, secure access service edge, endpoint security, and identity and access management solutions. The company also engages in the distribution of information technology, mobility, and other technology products comprising laptops, tablets, servers, software, notebooks, workstations, networking, power supply, desktops, accessories, components, and smart lighting products. In addition, it offers technology services comprising consulting as a service, training as a service, infrastructure transformation, software consulting, virtualization and application delivery, networking, cybersecurity, and cloud services; and logistics services, such as warehousing, reverse logistics, in plant logistics and project management, supply chain consulting, ecommerce, mission-critical, and transportation services. Further, the company provides supply chain management, sourcing and procurement, sales and lead generation, and finance and accounting services; and financial services comprising channel financing, project financing, leasing, credit card-based financing, and but now and pay later services, as well as cloud consulting, managed, and security solutions. It serves healthcare, finance, print services providers, hospitality, manufacturing, education, government, retail, and IT/ITes industries. The company was formerly known as Redington (India) Limited and changed its name to Redington Limited. Redington Limited was incorporated in 1961 and is headquartered in Chennai, India.

Revenue projections:

Revenue projections for REDINGTON
Revenue projections for REDINGTON

With Redington Limited's revenues forecasted to be lower than last year's, investors are expected to be cautious. A decline in revenue typically harms the company's bottom line, reducing profitability and making investors less confident about the company's ability to sustain its financial health.

Financial Ratios:

currentRatio 1.415000
forwardPE 10.796727
debtToEquity 27.764000
earningsGrowth 0.319000
revenueGrowth 0.168000
grossMargins 0.051840
operatingMargins 0.018350
trailingEps 22.110000
forwardEps 23.220000

REDINGTON's current ratio being 1.415 shows it has more than enough assets to cover its short-term debts. The company's liquidity position is strong, with ample cash reserves available to meet its immediate financial obligations without strain.
REDINGTON's Forward PE is in a favorable range, meaning its stock price compares well with its earnings and isn't overpriced. This leaves room for growth, making it a compelling opportunity for investors looking to benefit from potential future gains.
Redington Limited's low Debt-to-Equity ratio shows that the company isn't heavily reliant on debt for financing. This implies a conservative approach to leveraging, reducing financial risk and demonstrating a solid financial foundation, which can enhance investor confidence in the company's long-term stability.
Redington Limited's positive earnings and revenue growth suggest the company is on a path to business expansion. This upward trend signals strong financial health, indicating that Redington Limited is well-positioned for sustained growth in both profits and revenue.
REDINGTON's forward EPS surpassing its trailing EPS signals projected growth in profitability, with the company expected to perform better this year. This forecast suggests that REDINGTON's earnings will improve compared to the previous financial year, highlighting optimism in its financial outlook.

Price projections:

Price projections for REDINGTON
Price projections for REDINGTON

REDINGTON's price projections have gradually increased over time, indicating that analysts are becoming more optimistic about the company's prospects. This suggests confidence in REDINGTON's ability to achieve future growth.

Recommendation changes over time:

Recommendations trend for REDINGTON
Recommendations trend for REDINGTON


The recent buy bias for REDINGTON from analysts signals strong confidence in the stock's potential. This positive sentiment could encourage investors to see REDINGTON as a smart place to invest their money, especially those looking for stable, long-term returns in a well-established company.