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's revenue projections show a decrease from last year, which tends to make investors more cautious. This could have a negative impact on the company's bottom line, as lower revenues typically suggest reduced profitability and growth potential, prompting concern among investors.

Financial Ratios:

currentRatio 1.455000
forwardPE 12.463338
debtToEquity 30.537000
earningsGrowth 1.046000
revenueGrowth 0.172000
grossMargins 0.052550
operatingMargins 0.021120
trailingEps 20.520000
forwardEps 15.130000

REDINGTON's current ratio of 1.455 shows that the company has ample resources to service its short-term debt. This indicates a solid financial position, as REDINGTON can rely on its cash reserves and current assets to cover its immediate liabilities without strain.
REDINGTON's Forward PE ratio suggests the stock price is reasonable in relation to earnings. It's not overpriced, providing room for future growth, making the stock a potentially valuable investment for those seeking long-term gains.
REDINGTON's positive earnings and revenue growth signal that the company is expected to expand its business. The company's increasing profits and sales reflect strong financial health, suggesting continued growth and success in the coming periods.
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

Throughout its recent performance, REDINGTON's price has been consistently close to the lower range of projected values. This suggests that the company may face challenges in achieving higher valuations in the eyes of investors.

Recommendation changes over time:

Recommendations trend for REDINGTON
Recommendations trend for REDINGTON


The recent buy bias from analysts suggests Redington Limited is seen as a strong investment, encouraging more investors to consider it. With this favorable sentiment, Redington Limited appears to be a reliable option for parking money, offering stability and long-term growth potential in the stock market.