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 Limited's revenue projections indicate a decrease from last year's performance, which could lead to investor caution. A fall in revenue is likely to negatively impact the company's profitability, causing concern for shareholders who may view this as a signal of declining financial health.

Financial Ratios:

currentRatio 1.415000
forwardPE 12.381568
debtToEquity 27.764000
earningsGrowth 0.319000
revenueGrowth 0.168000
grossMargins 0.051840
operatingMargins 0.018350
trailingEps 22.120000
forwardEps 15.130000

Redington Limited's current ratio 1.415, suggesting the company has sufficient liquidity to service its short-term debt. With its cash reserves and current assets in good shape, Redington Limited can comfortably meet its immediate liabilities, reflecting a healthy financial standing.
With REDINGTON's Forward PE in a favorable range, the stock appears reasonably priced compared to its earnings. This suggests that it's not overpriced and there is room for growth, providing an encouraging opportunity for investors seeking future value increases.
Redington Limited's low Debt-to-Equity ratio indicates that the company isn't over-leveraged, suggesting it maintains a healthy balance between debt and equity. This lowers financial risk and points to a stable financial foundation, reassuring investors of the company's financial health.
Positive earnings and revenue growth for REDINGTON point to expected business expansion. The company is projected to continue growing its operations, as increasing profits and sales highlight a strong trajectory for further growth in the future.
REDINGTON's forward EPS being less than trailing EPS suggests the company may see a drop in profitability this year. This signals potential financial challenges and a less optimistic outlook for earnings growth.

Price projections:

Price projections for REDINGTON
Price projections for REDINGTON

The steady upward revision of REDINGTON's price projections indicates growing confidence in the company's future. Analysts are increasingly optimistic about REDINGTON's potential to deliver strong results and increased market value.

Recommendation changes over time:

Recommendations trend for REDINGTON
Recommendations trend for REDINGTON


Analysts' buy bias toward REDINGTON suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, REDINGTON is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.