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

REDINGTON is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.

Financial Ratios:

currentRatio 1.413000
forwardPE 8.267161
debtToEquity 27.260000
earningsGrowth -0.411000
revenueGrowth 0.251000
grossMargins 0.049150
operatingMargins 0.016980
trailingEps 19.060000
forwardEps 26.950000

A current ratio of 1.413 for REDINGTON implies that the company has ample liquidity to meet its short-term debts. REDINGTON's cash reserves and current assets should easily cover these obligations, highlighting its financial stability and ability to manage short-term liabilities.
Redington Limited's low Debt-to-Equity ratio indicates that the company isn't heavily dependent on debt financing. This lower leverage reduces financial risk and enhances stability, showing that Redington Limited is well-positioned to manage its obligations without the burden of excessive debt.
REDINGTON's low earnings and revenue growth indicate potential profit shrinkage. This suggests that the company's financial performance may be weakening, raising concerns about its future profitability and overall business outlook.
REDINGTON's negative gross and operating margins highlight potential financial struggles, as the company is not covering its production or operational expenses. This could lead to broader concerns about its ability to achieve profitability.
REDINGTON's forward EPS surpasses its trailing EPS, indicating that the company is expected to be more profitable in the current financial year. This reflects growing confidence in REDINGTON's earnings potential, suggesting stronger financial performance compared to the previous year.

Price projections:

Price projections for REDINGTON
Price projections for REDINGTON

The current price of REDINGTON aligns with projections, showing no clear risks or opportunities. This lack of volatility suggests a stable environment for investors, who may wish to hold off on major adjustments until market conditions change.

Recommendation changes over time:

Recommendations trend for REDINGTON
Recommendations trend for REDINGTON


Analysts' buy bias for REDINGTON signals that the stock is considered a favorable investment. This outlook might prompt investors to allocate funds to REDINGTON, seeing it as a solid and profitable choice to park their money and potentially benefit from the company's long-term growth.