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Last Updated: April 2, 2026, 3:34 am
Author: Getaka|Social: XLinkedIn

Redington Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹154.73Overvalued by 23.40%vs CMP ₹202.00

P/E (11.3) × ROE (14.4%) × BV (₹115.00) × DY (3.36%)

₹231.36Undervalued by 14.53%vs CMP ₹202.00
MoS: +12.7% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹164.9622%Over (-18.3%)
Graham NumberEarnings₹241.6116%Under (+19.6%)
Earnings PowerEarnings₹122.9813%Over (-39.1%)
DCFCash Flow₹320.4913%Under (+58.7%)
Net Asset ValueAssets₹115.027%Over (-43.1%)
EV/EBITDAEnterprise₹208.899%Fair (+3.4%)
Earnings YieldEarnings₹225.607%Under (+11.7%)
ROCE CapitalReturns₹286.389%Under (+41.8%)
Revenue MultipleRevenue₹633.905%Under (+213.8%)
Consensus (9 models)₹231.36100%Undervalued
Key Drivers: Wide model spread (₹115–₹634) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.6%

*Investments are subject to market risks

Investment Snapshot

66
Redington Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 18.9% GoodROE 14.4% GoodD/E 0.08 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.37% (6mo) AccumulatingDII holding down 0.59% MF selling
Earnings Quality50/100 · Moderate
OPM stable around 2% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +18% YoY GrowingProfit (4Q): +56% YoY Strong
Industry Rank50/100 · Moderate
P/E 11.3 vs industry 15.4 In-lineROCE 18.9% vs industry 19.6% Average3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:34 am

Market Cap 15,827 Cr.
Current Price 202
Intrinsic Value₹231.36
High / Low 335/177
Stock P/E11.3
Book Value 115
Dividend Yield3.36 %
ROCE18.9 %
ROE14.4 %
Face Value 2.00
PEG Ratio1.71

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Redington Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Redington Ltd 15,827 Cr. 202 335/17711.3 1153.36 %18.9 %14.4 % 2.00
Gujarat Mineral Development Corporation Ltd 18,454 Cr. 580 651/25128.8 2111.74 %14.1 %10.9 % 2.00
Gravita India Ltd 9,730 Cr. 1,318 2,170/1,29125.5 3060.48 %21.5 %21.2 % 2.00
MOIL Ltd 5,996 Cr. 295 406/24220.6 1331.91 %18.8 %14.7 % 10.0
Ashapura Minechem Ltd 4,646 Cr. 486 925/31612.2 1490.21 %18.6 %27.1 % 2.00
Industry Average51,564.31 Cr471.3415.4197.991.59%19.57%16.87%5.18

All Competitor Stocks of Redington Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 21,67421,84921,18722,22023,50522,43321,28224,89626,71626,44025,95229,07630,922
Expenses 21,09321,30520,76821,73922,98821,97420,91124,43726,11425,84325,55228,48730,296
Operating Profit 581543419481517459371458602597400589626
OPM % 3%2%2%2%2%2%2%2%2%2%2%2%2%
Other Income 404664764579535748696504337
Interest 88928810685106818484829211679
Depreciation 39434244435251495463545547
Profit before tax 4944553524084343812923815131,148304460538
Tax % 21%28%27%24%20%15%26%26%21%20%23%24%23%
Net Profit 393328255312348324217283403918233350413
EPS in Rs 4.863.973.183.884.364.163.153.755.128.513.524.965.57

Last Updated: March 3, 2026, 3:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 27,94531,55935,44241,11541,60346,53651,46556,94662,64479,37789,34699,334112,389
Expenses 27,26130,84334,63740,26440,75745,57050,37355,55460,80577,17487,33797,179110,177
Operating Profit 6847178068518469661,0921,3921,8392,2032,0092,1542,212
OPM % 2%2%2%2%2%2%2%2%3%3%2%2%2%
Other Income 5164344139-8448988142264854825
Interest 212182202183197271289205163355517456368
Depreciation 384347555763155148141155181218219
Profit before tax 4855555906556316236921,1281,6221,8331,5752,3352,450
Tax % 26%26%25%27%23%22%23%30%19%21%21%22%
Net Profit 3584104444774844845347881,3151,4391,2391,8211,914
EPS in Rs 4.214.845.305.806.026.536.629.7416.3817.8215.5920.5322.56
Dividend Payout % 11%20%20%37%20%18%32%60%40%40%40%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.53%8.29%7.43%1.47%0.00%10.33%47.57%66.88%9.43%-13.90%46.97%
Change in YoY Net Profit Growth (%)0.00%-6.23%-0.86%-5.96%-1.47%10.33%37.23%19.31%-57.45%-23.33%60.87%

Redington Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:14%
3 Years:17%
TTM:16%
Compounded Profit Growth
10 Years:12%
5 Years:18%
3 Years:-3%
TTM:5%
Stock Price CAGR
10 Years:17%
5 Years:34%
3 Years:16%
1 Year:22%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:17%
Last Year:14%

Last Updated: September 5, 2025, 1:00 pm

Balance Sheet

Last Updated: January 7, 2026, 4:18 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8080808080787878156156156156156
Reserves 1,9412,2942,8693,0683,4513,8284,2314,8615,6296,7717,3928,5658,856
Borrowings 1,7861,8672,3491,5161,4581,3072,7756228313,3212,9582,8092,609
Other Liabilities 3,5004,1355,2265,4865,8757,2067,5688,99911,79213,03013,88016,04318,173
Total Liabilities 7,3088,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57329,793
Fixed Assets 259276498476470454714605700877861858788
CWIP 23131402038111851261539
Investments 00054700034000
Other Assets 7,0268,08610,0139,66910,36911,92013,92513,95317,62222,35423,52026,69928,966
Total Assets 7,3088,37510,52510,15010,86312,41914,65114,55918,40723,27824,38727,57329,793

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 241257-1421,3601861,0689663,497989-3,2341,079293
Cash from Investing Activity + 2961012-86-25-9454-610-16724337547
Cash from Financing Activity + -523-225202-1,131-199-651443-2,241-4761,529-1,381-1,171
Net Cash Flow 144271144-383241,463646346-1,462-264-332
Free Cash Flow 188224-1851,3091529958853,459870-3,3821,016138
CFO/OP 55%51%5%180%40%131%100%270%69%-132%74%38%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow683.00716.00804.00850.00845.00965.00-1.00-621.00-830.00-1.000.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 515155455349504451555764
Inventory Days 323541322932282027352924
Days Payable 384046424449475063545152
Cash Conversion Cycle 454650353832301415363436
Working Capital Days 21232320242211810212225
ROCE %18%17%16%16%16%18%15%20%28%25%19%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 60.50%59.22%56.26%56.99%58.09%57.87%58.07%58.53%60.57%62.58%61.81%61.94%
DIIs 16.68%17.40%17.38%17.92%18.57%18.14%18.08%18.64%17.87%16.65%16.97%17.28%
Government 0.01%0.03%0.03%0.03%0.03%0.00%0.00%0.00%0.05%0.06%0.05%0.05%
Public 22.82%23.36%26.34%25.05%23.29%23.99%23.84%22.82%21.50%20.71%21.17%20.73%
No. of Shareholders 2,52,3362,41,8852,59,1722,38,8062,27,4232,18,6582,21,7612,18,9282,23,9382,19,7402,50,9552,42,936

Shareholding Pattern Chart

No. of Shareholders

Redington Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 35,461,606 1.04 962.61N/AN/AN/A
HDFC Hybrid Equity Fund 14,212,605 1.62 385.8N/AN/AN/A
HDFC Small Cap Fund 13,566,331 1 368.26N/AN/AN/A
HDFC Large and Mid Cap Fund 3,903,026 0.38 105.95N/AN/AN/A
HDFC Retirement Savings Fund - Equity 1,800,000 0.7 48.86N/AN/AN/A
Bandhan Small Cap Fund 955,947 0.13 25.95785,4882026-02-23 00:42:3121.7%
HDFC Technology Fund 682,258 1.16 18.52N/AN/AN/A
HDFC Retirement Savings Fund - Hybrid Equity 350,000 0.56 9.5N/AN/AN/A
ICICI Prudential Technology Fund 193,181 0.03 5.24N/AN/AN/A
Groww Value Fund 40,091 1.65 1.09N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 20.5315.5917.8216.4019.44
Diluted EPS (Rs.) 20.5315.5917.8116.3919.40
Cash EPS (Rs.) 26.0718.1620.4118.6324.02
Book Value[Excl.RevalReserv]/Share (Rs.) 111.56100.5793.3278.16136.35
Book Value[Incl.RevalReserv]/Share (Rs.) 111.56100.5793.3278.16136.35
Revenue From Operations / Share (Rs.) 1270.661142.891015.63801.641463.15
PBDIT / Share (Rs.) 28.8727.3928.9324.0536.98
PBIT / Share (Rs.) 26.0925.0726.9422.2433.17
PBT / Share (Rs.) 29.8720.1423.4620.7628.99
Net Profit / Share (Rs.) 23.2915.8418.4216.8320.21
NP After MI And SOA / Share (Rs.) 20.5315.5917.8216.3819.43
PBDIT Margin (%) 2.272.392.842.992.52
PBIT Margin (%) 2.052.192.652.772.26
PBT Margin (%) 2.351.762.302.581.98
Net Profit Margin (%) 1.831.381.812.091.38
NP After MI And SOA Margin (%) 1.611.361.752.041.32
Return on Networth / Equity (%) 18.4016.1420.1022.1215.33
Return on Capital Employeed (%) 21.3223.9427.5226.6823.17
Return On Assets (%) 5.814.995.986.955.19
Long Term Debt / Equity (X) 0.000.010.010.010.00
Total Debt / Equity (X) 0.300.370.450.100.08
Asset Turnover Ratio (%) 3.823.752.512.412.28
Current Ratio (X) 1.461.431.421.461.53
Quick Ratio (X) 1.111.020.961.091.20
Inventory Turnover Ratio (X) 15.350.000.000.000.00
Dividend Payout Ratio (NP) (%) 30.2046.1837.0335.390.00
Dividend Payout Ratio (CP) (%) 26.5940.2033.3131.870.00
Earning Retention Ratio (%) 69.8053.8262.9764.610.00
Cash Earning Retention Ratio (%) 73.4159.8066.6968.130.00
Interest Coverage Ratio (X) 6.835.568.3216.269.20
Interest Coverage Ratio (Post Tax) (X) 4.624.216.2912.386.07
Enterprise Value (Cr.) 20722.1117775.5614567.088623.364740.94
EV / Net Operating Revenue (X) 0.200.190.180.130.08
EV / EBITDA (X) 9.188.306.444.593.29
MarketCap / Net Operating Revenue (X) 0.190.180.160.180.13
Retention Ratios (%) 69.7953.8162.9664.600.00
Price / BV (X) 2.182.161.881.961.50
Price / Net Operating Revenue (X) 0.190.180.160.180.13
EarningsYield 0.080.070.100.110.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Redington Ltd. is a Public Limited Listed company incorporated on 02/05/1961 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L52599TN1961PLC028758 and registration number is 028758. Currently Company is involved in the business activities of Wholesale of machinery, equipment and supplies. Company's Total Operating Revenue is Rs. 48902.50 Cr. and Equity Capital is Rs. 156.35 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Mining/MineralsBlock3, Plathin, Redington Tower, Inner Ring Road, Chennai (Madras) Tamil Nadu 600091Contact not found
Management
NamePosition Held
Prof. J RamachandranChairman
Mr. V S HariharanManaging Director
Mr. S V KrishnanWhole Time Director - Finance
Ms. Anita P BelaniDirector
Mr. B RamaratnamDirector
Mr. Sudip NandyDirector
Ms. Chen Yi-JuDirector
Mr. Tu Shu-ChyuanDirector

FAQ

What is the intrinsic value of Redington Ltd and is it undervalued?

As of 15 April 2026, Redington Ltd's intrinsic value is ₹231.36, which is 14.53% higher than the current market price of ₹202.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (14.4 %), book value (₹115), dividend yield (3.36 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Redington Ltd?

Redington Ltd is trading at ₹202.00 as of 15 April 2026, with a FY2026-2027 high of ₹335 and low of ₹177. The stock is currently near its 52-week low. Market cap stands at ₹15,827 Cr..

How does Redington Ltd's P/E ratio compare to its industry?

Redington Ltd has a P/E ratio of 11.3, which is below the industry average of 15.41. This is broadly in line with or below the industry average.

Is Redington Ltd financially healthy?

Key indicators for Redington Ltd: ROCE of 18.9 % indicates efficient capital utilization. Dividend yield is 3.36 %.

Is Redington Ltd profitable and how is the profit trend?

Redington Ltd reported a net profit of ₹1,821 Cr in Mar 2025 on revenue of ₹99,334 Cr. Compared to ₹1,315 Cr in Mar 2022, the net profit shows an improving trend.

Does Redington Ltd pay dividends?

Redington Ltd has a dividend yield of 3.36 % at the current price of ₹202.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Redington Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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