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One of India/emerging markets' largest technology distributors, supplying IT hardware and mobile phones from global brands.
One of India/emerging markets' largest technology distributors, supplying IT hardware and mobile phones from global brands.
Buys in bulk from technology brands and resells to retailers and resellers on a thin markup, so profit depends on volume and on tight control of stock and customer credit. Smartphones and IT hardware carry most volume, spread across India, the Middle East and Africa; cloud and software resale is the higher-margin side.
Moat: narrow (scale, distribution). Largest-scale distribution network and brand relationships across emerging markets, but distribution margins are thin and competitive.
Headquarters: Chennai, India · Founded: 1993 · Employees: 8,634
Size Redington (REDINGTON.NS) is an India Consumer Discretionary company (Electronics Distributors) with a market value of $2.71B, the 310th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹327.50 on 6 Nov 2026.
Performance Over six months the shares gained 45.9%, against -4.5% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 31.3% over the last twelve months (peer median +17.3%); the operating margin is 1.8% (peer median 12.5%).
Valuation It trades at 12.4× forward earnings against a peer median of 32.1× (cheapest of 18).
Capital Return on invested capital runs 1.0 points below its cost of capital (12.9% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.42T | ₹1.19T | ₹993B | ₹893B | ₹794B |
| Revenue growth | — | +20% | +11% | +13% | — |
| Gross profit | ₹48.0B | ₹38.5B | ₹34.2B | ₹34.6B | ₹32.8B |
| EBITDA | ₹28.0B | ₹25.4B | ₹22.8B | ₹23.8B | ₹24.2B |
| Net income | ₹18.5B | ₹14.9B | ₹16.0B | ₹12.2B | ₹13.9B |
| Free cash flow | n/a | -₹1.67B | -₹1.07B | ₹6.77B | -₹36.0B |
| Capital expenditure | n/a | ₹1.82B | ₹1.63B | ₹1.22B | ₹1.62B |
| Total debt | ₹63.6B | ₹28.4B | ₹28.1B | ₹29.6B | ₹33.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Redington REDINGTON.NS | $2.71B | +46% | +31% | 2% | 12.4× | n/a |
| Ingram Micro INGM | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% |
| Rashi Peripherals RPTECH.NS | $521M | +44% | +40% | 3% | n/a | 13.9% |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | REDINGTON.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.4% | +1.7% | lowest of 21 |
| 6-month return | +45.9% | -4.5% | 3rd highest of 20 |
| Distance from 52-week high | -21.9% | -21.5% | 11th highest of 21 |
| Revenue growth (TTM) | +31.3% | +17.3% | 6th highest of 21 |
| Operating margin | 1.8% | 12.5% | lowest of 21 |
| Forward P/E | 12.4× | 32.1× | cheapest of 18 |
| ROIC minus cost of capital | -1.0 pp | -0.2 pp | 9th lowest of 21 |
| Net debt / EBITDA | 1.9× | 0.5× | 5th most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Redington REDINGTON.NS | India | $2.71B | +46% | +31% | 2% | 12.4× | n/a | n/a |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 32.1× | 30.0% | +23.8% |
| ZF Commercial Vehicle Control Systems India ZFCVINDIA.NS | India | $2.76B | -5% | +9% | 13% | 44.2× | 31.9% | +17.3% |
| Force Motors FORCEMOT.NS | India | $2.64B | -8% | +16% | 12% | n/a | 25.2% | +35.4% |
| TVS TVSHLTD.NS | India | $2.78B | -10% | +35% | 14% | n/a | n/a | n/a |
| Asahi India Glass ASAHIINDIA.NS | India | $2.79B | +22% | +20% | 16% | 58.8× | n/a | n/a |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Escorts Kubota ESCORTS.NS | India | $2.84B | -27% | +19% | 9% | 21.8× | 21.0% | +10.7% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Sansera Engineering SANSERA.NS | India | $2.86B | +70% | +23% | 13% | 61.5× | n/a | n/a |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Metro Brands METROBRAND.NS | India | $2.39B | -20% | +16% | 19% | 49.2× | 34.1% | +29.1% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% | +11.7% |
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |