Arthneeti

Redington Q1 FY27 Share Price & Earnings Call Analysis

₹357.15+1.64% today
Market cap
₹27,885 Cr
P/E
15.49
ROE
16.86%
PEG
3.35
Price to sales
0.21
Debt to equity
0.28
52W high / low
₹413 / ₹200
Sales growth (5Y)
15.91%
EBITDA margin
1.98%
Net profit margin
1.16%
Sales (last year)
₹1.28L Cr

Established in the year 1993, Redington Limited is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, the Middle East, Turkey and Africa.[1]

Guidance scorecard · Q1 FY27 call

What Redington Ltd's management guided
and where it ranks in Commercial Services & Supplies

Revenue40%+MarginsDown 0–2%CapexWhat management saidFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

40%+
  • Redington expects continued strong growth, especially in India, which grew 63% in Q1 FY '27.
  • Large data center deals (~INR1,000 crores) and a robust pipeline indicate sustained momentum ahead.
  • Cloud and Software Solutions groups are key growth drivers with over 50% growth and expanding partnerships.
  • Mobility segment growth driven by premium smartphones, though price hikes may moderate demand after one more quarter.
  • AI-related hardware demand (AI GPUs, AI PCs) is projected to remain strong for the next 4-6 quarters with increasing refresh cycles.
  • Supply chain constraints and price increases expected to stabilize, affecting unit volumes and revenue positively over time.

2 more points from Redington Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Down 0–2%

See what Redington Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Ask what Redington Ltd said on capex →

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Redington Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • For large data center deals in India, Redington has an order book of approximately INR 1,000 crores in the current quarter.
  • The funnel for data center deals is significantly larger, with multiple times the current order book value expected in upcoming quarters.
  • This strong backlog and funnel indicate promising growth potential in the data center business segment.
  • The company continues to actively pursue these opportunities, leveraging government incentives like tax holidays and increased demand for hosting in India.
Full Q1 FY27 analysis
Full Commercial Services & Supplies ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Commercial Services & Supplies
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Redington Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Commercial Services & Supplies companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,470 Cr162.7
240%+Up 2%+₹41 Cr6.6
340%+Flat₹556 Cr40.0
440%+Flat₹102 Cr10.4
520–40%Up 2%+₹3,473 Cr40.9
620–40%Up 0–2%₹872 Cr13.3

Sign up free to see every company in the sector ranking and track Redington Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies ranking

Financials of Redington Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Redington Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +21,84921,18722,22023,50522,43321,28224,89626,71626,44025,95229,07630,92233,213
Expenses +21,30520,76821,73922,98821,97420,91124,43726,11425,84325,55228,48730,29632,599
Operating Profit543419481517459371458602597400589626614
OPM %2%2%2%2%2%2%2%2%2%2%2%2%2%
Other Income +4664764579535748696504337-97
Interest92881068510681848482921167972
Depreciation43424443525149546354554750
Profit before tax4553524084343812923815131,148304460538395
Tax %28%27%24%20%15%26%26%21%20%23%24%23%27%
Net Profit +328255312348324217283403918233350413288
EPS in Rs3.973.183.884.364.163.153.755.128.513.524.965.575.01

Financials of Redington Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +31,55935,44241,11541,60346,53651,46556,94662,64479,37789,34699,334119,162
Expenses +30,84334,63740,26440,75745,57050,37355,55460,80577,17487,33797,179116,933
Operating Profit7178068518469661,0921,3921,8392,2032,0092,1542,229
OPM %2%2%2%2%2%2%2%3%3%2%2%2%
Other Income +64344139-844898814226485433
Interest182202183197271289205163355517456359
Depreciation4347555763155148141155181218206
Profit before tax5555906556316236921,1281,6221,8331,5752,3351,697
Tax %26%25%27%23%22%23%30%19%21%21%22%24%
Net Profit +4104444774844845347881,3151,4391,2391,8211,284
EPS in Rs4.845.305.806.026.536.629.7416.3817.8215.5920.5319.06
Dividend Payout %20%20%37%20%18%32%60%40%40%40%33%31%

Financials of Redington Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital80808080787878156156156156156
Reserves2,2942,8693,0683,4513,8284,2314,8615,6296,7717,3928,56510,004
Borrowings +1,8672,3491,5161,4581,3072,7756228313,3212,9582,8092,842
Other Liabilities +4,1355,2265,4865,8757,2067,5688,99911,79213,03013,88016,04320,837
Total Liabilities8,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57333,839
Fixed Assets +276498476470454714605700877861858675
CWIP131402038111851261567
Investments0054700034000
Other Assets +8,08610,0139,66910,36911,92013,92513,95317,62222,35423,52026,69933,097
Total Assets8,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57333,839

Financials of Redington Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +257-1421,3601861,0689663,497989-3,2341,079293231
Cash from Investing Activity +1012-86-25-9454-610-16724337547-10
Cash from Financing Activity +-225202-1,131-199-651443-2,241-4761,529-1,381-1,171-999
Net Cash Flow4271144-383241,463646346-1,462-264-332-779
Free Cash Flow224-1851,3091529958853,459870-3,3821,016138125
CFO/OP51%5%180%40%131%100%270%69%-132%74%38%33%

Financials of Redington Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days515545534950445155576466
Inventory Days354132293228202735292426
Days Payable404642444947506354515258
Cash Conversion Cycle465035383230141536343634
Working Capital Days23232024221181021222526
ROCE %17%16%16%16%18%15%20%28%25%19%19%17%

Guidance history

How Redington Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →40%+Down 0–2%——Rising
Q4 FY26 call →10–20%FlatPlannedPlannedRising
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

86out of 100

Momentum score · price trend

86 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+35.8%80%
Last 6 months+65.4%92%
Last 3 months+14.9%83%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Redington Ltd: 0.4 × 80 + 0.4 × 92 + 0.2 × 83 = 86.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Redington Ltd's management said in earlier quarters

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