# Computer - Hardware — company-by-company sector analysis

> Computer - Hardware: Redington Ltd owns the largest revenue base; Panache Digilife Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Redington Ltd leads with revenue of ₹1,19,163 crore, based on 4 of 4 comparable companies through Mar 2026. Panache Digilife Ltd has the fastest current revenue growth at 100%, across 4 of 4 comparable companies.

### Is the Computer - Hardware sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Computer - Hardware company is largest by revenue?

Redington Ltd leads with revenue of ₹1,19,163 crore, based on 4 of 4 comparable companies through Mar 2026.

### Which Computer - Hardware company is growing fastest?

Panache Digilife Ltd has the fastest current revenue growth at 100%, across 4 of 4 comparable companies.

### Which Computer - Hardware company has the strongest 4-Factor Sector Score?

Panache Digilife Ltd ranks first at 75.1/100 with 66.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Computer - Hardware company has the least gross debt?

Control Print Ltd has the lowest comparable gross debt at ₹7 crore. Redington Ltd has the highest at ₹2,842 crore.

### How much history does this Computer - Hardware comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Computer - Hardware against NIFTY 500 is not available from the current market series. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Panache Digilife Ltd is the strongest against the sector itself at +14.5%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 3/4
Stocks leading sector: 1/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹22.8K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Panache Digilife Ltd (PANACHE): 75/100 — Favorable setup; evidence 67%
   - Growth & earnings 30.3/35 | Capital efficiency 17.8/25 | Valuation 10.0/20 | Relative strength 17.0/20
   - Exact sum: 30.3 + 17.8 + 10 + 17 = 75.1
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. Redington Ltd (REDINGTON): 48/100 — Mixed-negative evidence; evidence 70%
   - Growth & earnings 15.7/35 | Capital efficiency 16.6/25 | Valuation 8.0/20 | Relative strength 8.0/20
   - Exact sum: 15.7 + 16.6 + 8 + 8 = 48.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. TVS Electronics Ltd (TVSELECT): 48/100 — Thin evidence · provisional; evidence 59%
   - Growth & earnings 22.0/35 | Capital efficiency 7.6/25 | Valuation 10.0/20 | Relative strength 8.0/20
   - Exact sum: 22 + 7.6 + 10 + 8 = 47.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Control Print Ltd (CONTROLPR): 35/100 — Mixed-negative evidence; evidence 78%
   - Growth & earnings 7.3/35 | Capital efficiency 17.3/25 | Valuation 7.8/20 | Relative strength 3.0/20
   - Exact sum: 7.3 + 17.3 + 7.8 + 3 = 35.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Redington Ltd is the scale leader at ₹1,19,163 crore, 245× the revenue of Control Print Ltd. Panache Digilife Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 109.5% from a ₹243 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Redington Ltd is the scale benchmark; Panache Digilife Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Redington Ltd's growth falls below Panache Digilife Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Redington Ltd · ₹1,19,163 crore | 245× versus #2 · Control Print Ltd | 8/8 recent comparable periods | 4/4 companies · 57 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Redington Ltd (REDINGTON): ₹1.2 L Cr
2. Control Print Ltd (CONTROLPR): ₹486 Cr
3. TVS Electronics Ltd (TVSELECT): ₹455 Cr
4. Panache Digilife Ltd (PANACHE): ₹243 Cr

### Revenue growth — fastest growers
1. Panache Digilife Ltd (PANACHE): 100%
2. Redington Ltd (REDINGTON): 20%
3. Control Print Ltd (CONTROLPR): 11%
4. TVS Electronics Ltd (TVSELECT): 5.7%

### 20-quarter Revenue history
- REDINGTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹21.7K Cr | Mar 2023 ₹21.8K Cr | Jun 2023 ₹21.2K Cr | Sep 2023 ₹22.2K Cr | Dec 2023 ₹23.5K Cr | Mar 2024 ₹22.4K Cr | Jun 2024 ₹21.3K Cr | Sep 2024 ₹24.9K Cr | Dec 2024 ₹26.7K Cr | Mar 2025 ₹26.4K Cr | Jun 2025 ₹26.0K Cr | Sep 2025 ₹29.1K Cr | Dec 2025 ₹30.9K Cr | Mar 2026 ₹33.2K Cr | Jun 2026 —
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹78 Cr | Mar 2023 ₹88 Cr | Jun 2023 ₹84 Cr | Sep 2023 ₹86 Cr | Dec 2023 ₹89 Cr | Mar 2024 ₹101 Cr | Jun 2024 ₹98 Cr | Sep 2024 ₹102 Cr | Dec 2024 ₹103 Cr | Mar 2025 ₹122 Cr | Jun 2025 ₹111 Cr | Sep 2025 ₹112 Cr | Dec 2025 ₹119 Cr | Mar 2026 ₹140 Cr | Jun 2026 ₹116 Cr
- TVSELECT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹89 Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹90 Cr | Sep 2023 ₹92 Cr | Dec 2023 ₹87 Cr | Mar 2024 ₹97 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹105 Cr | Dec 2024 ₹100 Cr | Mar 2025 ₹115 Cr | Jun 2025 ₹97 Cr | Sep 2025 ₹128 Cr | Dec 2025 ₹114 Cr | Mar 2026 ₹117 Cr | Jun 2026 —
- PANACHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹5 Cr | Mar 2023 ₹54 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹23 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹60 Cr | Jun 2025 ₹30 Cr | Sep 2025 ₹39 Cr | Dec 2025 ₹74 Cr | Mar 2026 ₹100 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- REDINGTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 8.5% | Mar 2024 2.7% | Jun 2024 0.5% | Sep 2024 12% | Dec 2024 14% | Mar 2025 18% | Jun 2025 22% | Sep 2025 17% | Dec 2025 16% | Mar 2026 26% | Jun 2026 —
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 14% | Mar 2024 14% | Jun 2024 17% | Sep 2024 18% | Dec 2024 17% | Mar 2025 21% | Jun 2025 14% | Sep 2025 10.0% | Dec 2025 15% | Mar 2026 15% | Jun 2026 3.8%
- TVSELECT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -1.9% | Mar 2024 14% | Jun 2024 24% | Sep 2024 13% | Dec 2024 15% | Mar 2025 18% | Jun 2025 -13% | Sep 2025 22% | Dec 2025 14% | Mar 2026 2.5% | Jun 2026 —
- PANACHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 214% | Mar 2024 1.9% | Jun 2024 100% | Sep 2024 9.5% | Dec 2024 40% | Mar 2025 9.1% | Jun 2025 150% | Sep 2025 70% | Dec 2025 252% | Mar 2026 67% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Panache Digilife Ltd leads both opm at 16% and margin change at +10 percentage points.

Investor read: Panache Digilife Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Panache Digilife Ltd · 16% | 21.2% versus #2 · Control Print Ltd | 4/8 recent comparable periods | 4/4 companies · 77 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Panache Digilife Ltd (PANACHE): 16%
2. Control Print Ltd (CONTROLPR): 13%
3. TVS Electronics Ltd (TVSELECT): 6.0%
4. Redington Ltd (REDINGTON): 2.0%

### Margin change — fastest expanders
1. Panache Digilife Ltd (PANACHE): +10.0 pp
2. TVS Electronics Ltd (TVSELECT): +3.7 pp
3. Redington Ltd (REDINGTON): 0.0 pp
4. Control Print Ltd (CONTROLPR): −3.5 pp

### 20-quarter OPM history
- REDINGTON: Sep 2021 2.8% | Dec 2021 3.2% | Mar 2022 2.8% | Jun 2022 2.8% | Sep 2022 2.8% | Dec 2022 3.0% | Mar 2023 2.0% | Jun 2023 2.0% | Sep 2023 2.0% | Dec 2023 2.0% | Mar 2024 2.0% | Jun 2024 2.0% | Sep 2024 2.0% | Dec 2024 2.0% | Mar 2025 2.0% | Jun 2025 2.0% | Sep 2025 2.0% | Dec 2025 2.0% | Mar 2026 2.0% | Jun 2026 —
- CONTROLPR: Sep 2021 25% | Dec 2021 23% | Mar 2022 22% | Jun 2022 27% | Sep 2022 25% | Dec 2022 25% | Mar 2023 24% | Jun 2023 25% | Sep 2023 24% | Dec 2023 25% | Mar 2024 23% | Jun 2024 21% | Sep 2024 20% | Dec 2024 17% | Mar 2025 18% | Jun 2025 17% | Sep 2025 23% | Dec 2025 15% | Mar 2026 19% | Jun 2026 13%
- TVSELECT: Sep 2021 12% | Dec 2021 9.6% | Mar 2022 8.8% | Jun 2022 7.5% | Sep 2022 6.4% | Dec 2022 4.8% | Mar 2023 3.7% | Jun 2023 2.8% | Sep 2023 4.2% | Dec 2023 0.6% | Mar 2024 2.7% | Jun 2024 2.8% | Sep 2024 2.5% | Dec 2024 3.0% | Mar 2025 2.3% | Jun 2025 1.3% | Sep 2025 3.7% | Dec 2025 5.8% | Mar 2026 6.0% | Jun 2026 —
- PANACHE: Sep 2021 -3.3% | Dec 2021 7.4% | Mar 2022 5.2% | Jun 2022 4.4% | Sep 2022 5.0% | Dec 2022 18% | Mar 2023 4.0% | Jun 2023 1.0% | Sep 2023 6.0% | Dec 2023 6.0% | Mar 2024 7.0% | Jun 2024 9.0% | Sep 2024 12% | Dec 2024 15% | Mar 2025 6.0% | Jun 2025 6.0% | Sep 2025 6.0% | Dec 2025 9.0% | Mar 2026 16% | Jun 2026 —

### 20-quarter Margin change history
- REDINGTON: Sep 2021 +0.7 pp | Dec 2021 +0.7 pp | Mar 2022 +0.1 pp | Jun 2022 +0.2 pp | Sep 2022 −0.0 pp | Dec 2022 −0.2 pp | Mar 2023 −0.8 pp | Jun 2023 −0.8 pp | Sep 2023 −0.8 pp | Dec 2023 −1.0 pp | Mar 2024 0.0 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 0.0 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 —
- CONTROLPR: Sep 2021 +0.6 pp | Dec 2021 −0.6 pp | Mar 2022 −2.4 pp | Jun 2022 +5.2 pp | Sep 2022 −0.4 pp | Dec 2022 +1.7 pp | Mar 2023 +1.6 pp | Jun 2023 −2.2 pp | Sep 2023 −1.1 pp | Dec 2023 −0.5 pp | Mar 2024 −1.2 pp | Jun 2024 −3.9 pp | Sep 2024 −3.8 pp | Dec 2024 −7.9 pp | Mar 2025 −4.7 pp | Jun 2025 −4.2 pp | Sep 2025 +3.3 pp | Dec 2025 −1.7 pp | Mar 2026 +0.7 pp | Jun 2026 −3.5 pp
- TVSELECT: Sep 2021 +8.5 pp | Dec 2021 +0.5 pp | Mar 2022 −1.8 pp | Jun 2022 +5.7 pp | Sep 2022 −5.5 pp | Dec 2022 −4.9 pp | Mar 2023 −5.1 pp | Jun 2023 −4.6 pp | Sep 2023 −2.2 pp | Dec 2023 −4.2 pp | Mar 2024 −1.0 pp | Jun 2024 0.0 pp | Sep 2024 −1.7 pp | Dec 2024 +2.5 pp | Mar 2025 −0.4 pp | Jun 2025 −1.5 pp | Sep 2025 +1.2 pp | Dec 2025 +2.7 pp | Mar 2026 +3.7 pp | Jun 2026 —
- PANACHE: Sep 2021 −16.4 pp | Dec 2021 −3.0 pp | Mar 2022 +11.8 pp | Jun 2022 +1.9 pp | Sep 2022 +8.3 pp | Dec 2022 +10.1 pp | Mar 2023 −1.2 pp | Jun 2023 −3.4 pp | Sep 2023 +1.1 pp | Dec 2023 −11.6 pp | Mar 2024 +3.0 pp | Jun 2024 +8.0 pp | Sep 2024 +6.0 pp | Dec 2024 +9.0 pp | Mar 2025 −1.0 pp | Jun 2025 −3.0 pp | Sep 2025 −6.0 pp | Dec 2025 −6.0 pp | Mar 2026 +10.0 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Redington Ltd leads with ₹1,284 crore of TTM profit, 32.9× the profit of Control Print Ltd. Panache Digilife Ltd shows ≥100% on the scoring scale (166.7% uncapped) growth from a ₹16 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Redington Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Redington Ltd · ₹1,284 crore | 32.9× versus #2 · Control Print Ltd | 5/8 recent comparable periods | 4/4 companies · 57 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Redington Ltd (REDINGTON): ₹1.3K Cr
2. Control Print Ltd (CONTROLPR): ₹39 Cr
3. Panache Digilife Ltd (PANACHE): ₹16 Cr
4. TVS Electronics Ltd (TVSELECT): ₹1 Cr

### Profit growth — fastest growers
1. Panache Digilife Ltd (PANACHE): 100%
2. Redington Ltd (REDINGTON): -30%
3. Control Print Ltd (CONTROLPR): -60%

### 20-quarter Net profit history
- REDINGTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹393 Cr | Mar 2023 ₹328 Cr | Jun 2023 ₹255 Cr | Sep 2023 ₹312 Cr | Dec 2023 ₹348 Cr | Mar 2024 ₹324 Cr | Jun 2024 ₹217 Cr | Sep 2024 ₹283 Cr | Dec 2024 ₹403 Cr | Mar 2025 ₹918 Cr | Jun 2025 ₹233 Cr | Sep 2025 ₹350 Cr | Dec 2025 ₹413 Cr | Mar 2026 ₹288 Cr | Jun 2026 —
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹13 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹13 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹67 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹11 Cr | Jun 2026 ₹4 Cr
- TVSELECT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹-1 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹3 Cr | Jun 2026 —
- PANACHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-0 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹10 Cr | Jun 2026 —

### 20-quarter Profit growth history
- REDINGTON: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -11% | Mar 2024 -1.2% | Jun 2024 -15% | Sep 2024 -9.3% | Dec 2024 16% | Mar 2025 183% | Jun 2025 7.4% | Sep 2025 24% | Dec 2025 2.5% | Mar 2026 -69% | Jun 2026 —
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -0.2% | Mar 2024 -22% | Jun 2024 -19% | Sep 2024 -4.5% | Dec 2024 -39% | Mar 2025 434% | Jun 2025 -27% | Sep 2025 38% | Dec 2025 -36% | Mar 2026 -83% | Jun 2026 -54%
- TVSELECT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -225% | Mar 2024 -62% | Jun 2024 -494% | Sep 2024 -218% | Dec 2024 — | Mar 2025 -200% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- PANACHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -100% | Jun 2024 — | Sep 2024 — | Dec 2024 100% | Mar 2025 — | Jun 2025 — | Sep 2025 -50% | Dec 2025 100% | Mar 2026 400% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Control Print Ltd has the clearest covered balance-sheet capacity with ₹52 crore net cash and gross debt of ₹7 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Control Print Ltd · ₹7 crore | 75% versus #2 · Panache Digilife Ltd | 8/8 recent comparable periods | 4/4 companies · 62 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Control Print Ltd (CONTROLPR): ₹7 Cr
2. Panache Digilife Ltd (PANACHE): ₹28 Cr
3. TVS Electronics Ltd (TVSELECT): ₹54 Cr
4. Redington Ltd (REDINGTON): ₹2.8K Cr

### Net debt — lowest net debt
1. Control Print Ltd (CONTROLPR): ₹-52 Cr
2. Panache Digilife Ltd (PANACHE): ₹25 Cr
3. TVS Electronics Ltd (TVSELECT): ₹43 Cr

### 20-quarter Gross debt history
- REDINGTON: Sep 2021 — | Dec 2021 — | Mar 2022 ₹831 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹3.3K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3.0K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹2.8K Cr | Jun 2025 — | Sep 2025 ₹2.6K Cr | Dec 2025 — | Mar 2026 ₹2.8K Cr | Jun 2026 —
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 ₹4 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 ₹7 Cr
- TVSELECT: Sep 2021 ₹5 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹9 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹41 Cr | Mar 2025 ₹43 Cr | Jun 2025 ₹43 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹63 Cr | Mar 2026 ₹54 Cr | Jun 2026 —
- PANACHE: Sep 2021 ₹28 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹30 Cr | Dec 2022 ₹30 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹34 Cr | Dec 2023 ₹34 Cr | Mar 2024 ₹33 Cr | Jun 2024 ₹33 Cr | Sep 2024 ₹13 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹21 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹27 Cr | Mar 2026 ₹28 Cr | Jun 2026 —

### 20-quarter Net debt history
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-47 Cr | Jun 2022 ₹-47 Cr | Sep 2022 ₹-54 Cr | Dec 2022 ₹-54 Cr | Mar 2023 ₹-58 Cr | Jun 2023 ₹-58 Cr | Sep 2023 ₹-68 Cr | Dec 2023 ₹-68 Cr | Mar 2024 ₹-51 Cr | Jun 2024 ₹-51 Cr | Sep 2024 ₹-51 Cr | Dec 2024 ₹-51 Cr | Mar 2025 ₹-50 Cr | Jun 2025 ₹-50 Cr | Sep 2025 ₹-75 Cr | Dec 2025 ₹-75 Cr | Mar 2026 ₹-52 Cr | Jun 2026 ₹-52 Cr
- TVSELECT: Sep 2021 ₹-10 Cr | Dec 2021 ₹-10 Cr | Mar 2022 ₹-36 Cr | Jun 2022 ₹-36 Cr | Sep 2022 ₹-14 Cr | Dec 2022 ₹-14 Cr | Mar 2023 ₹-9 Cr | Jun 2023 ₹-9 Cr | Sep 2023 ₹-15 Cr | Dec 2023 ₹-15 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹32 Cr | Jun 2025 ₹33 Cr | Sep 2025 ₹53 Cr | Dec 2025 ₹53 Cr | Mar 2026 ₹43 Cr | Jun 2026 —
- PANACHE: Sep 2021 ₹28 Cr | Dec 2021 ₹28 Cr | Mar 2022 ₹23 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹29 Cr | Dec 2022 ₹29 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹32 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹23 Cr | Dec 2025 ₹23 Cr | Mar 2026 ₹25 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Panache Digilife Ltd leads ROCE at 25.6%, 7.2 percentage points above Redington Ltd. Panache Digilife Ltd has the strongest latest improvement at +11.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Panache Digilife Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Panache Digilife Ltd · 25.6% | 39.1% versus #2 · Redington Ltd | 7/8 recent comparable periods | 4/4 companies · 46 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Panache Digilife Ltd (PANACHE): 26%
2. Redington Ltd (REDINGTON): 18%
3. Control Print Ltd (CONTROLPR): 16%
4. TVS Electronics Ltd (TVSELECT): 5.8%

### ROCE change — fastest improvers
1. Panache Digilife Ltd (PANACHE): +11.1 pp
2. TVS Electronics Ltd (TVSELECT): +6.4 pp
3. Redington Ltd (REDINGTON): −1.0 pp
4. Control Print Ltd (CONTROLPR): −3.0 pp

### 20-quarter ROCE history
- CONTROLPR: Sep 2021 16% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 18% | Dec 2022 — | Mar 2023 19% | Jun 2023 — | Sep 2023 20% | Dec 2023 24% | Mar 2024 20% | Jun 2024 22% | Sep 2024 19% | Dec 2024 19% | Mar 2025 15% | Jun 2025 18% | Sep 2025 15% | Dec 2025 18% | Mar 2026 15% | Jun 2026 15%
- TVSELECT: Sep 2021 20% | Dec 2021 — | Mar 2022 21% | Jun 2022 — | Sep 2022 20% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 5.2% | Dec 2023 2.7% | Mar 2024 -1.1% | Jun 2024 0.6% | Sep 2024 -3.4% | Dec 2024 0.7% | Mar 2025 -3.7% | Jun 2025 -3.2% | Sep 2025 -5.0% | Dec 2025 1.0% | Mar 2026 2.7% | Jun 2026 —
- PANACHE: Sep 2021 9.7% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 17% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 11% | Dec 2023 16% | Mar 2024 17% | Jun 2024 14% | Sep 2024 13% | Dec 2024 17% | Mar 2025 15% | Jun 2025 25% | Sep 2025 16% | Dec 2025 24% | Mar 2026 26% | Jun 2026 —

### 20-quarter ROCE change history
- CONTROLPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.4 pp | Dec 2022 — | Mar 2023 +2.9 pp | Jun 2023 — | Sep 2023 +1.9 pp | Dec 2023 — | Mar 2024 +0.9 pp | Jun 2024 — | Sep 2024 −1.7 pp | Dec 2024 −4.4 pp | Mar 2025 −5.2 pp | Jun 2025 −3.8 pp | Sep 2025 −4.1 pp | Dec 2025 −1.3 pp | Mar 2026 0.0 pp | Jun 2026 −3.0 pp
- TVSELECT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 — | Mar 2023 −9.5 pp | Jun 2023 — | Sep 2023 −14.7 pp | Dec 2023 — | Mar 2024 −12.5 pp | Jun 2024 — | Sep 2024 −8.6 pp | Dec 2024 −2.0 pp | Mar 2025 −2.6 pp | Jun 2025 −3.8 pp | Sep 2025 −1.6 pp | Dec 2025 +0.3 pp | Mar 2026 +6.4 pp | Jun 2026 —
- PANACHE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +7.4 pp | Dec 2022 — | Mar 2023 −0.6 pp | Jun 2023 — | Sep 2023 −6.2 pp | Dec 2023 — | Mar 2024 +1.2 pp | Jun 2024 — | Sep 2024 +2.0 pp | Dec 2024 +1.1 pp | Mar 2025 −1.7 pp | Jun 2025 +11.1 pp | Sep 2025 +2.9 pp | Dec 2025 +6.6 pp | Mar 2026 +11.1 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable guarded peg leader.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG

### P/E — lowest P/E
1. Redington Ltd (REDINGTON): 12.7
2. Control Print Ltd (CONTROLPR): 24.3
3. Panache Digilife Ltd (PANACHE): 36.2
4. TVS Electronics Ltd (TVSELECT): 568.0

### 20-quarter Guarded PEG history

### 20-quarter P/E history
- REDINGTON: Sep 2021 12.3 | Dec 2021 10.8 | Mar 2022 9.3 | Jun 2022 7.4 | Sep 2022 8.0 | Dec 2022 9.8 | Mar 2023 9.1 | Jun 2023 10.4 | Sep 2023 9.1 | Dec 2023 11.1 | Mar 2024 13.5 | Jun 2024 13.7 | Sep 2024 12.0 | Dec 2024 13.1 | Mar 2025 15.0 | Jun 2025 20.3 | Sep 2025 16.3 | Dec 2025 15.5 | Mar 2026 11.2 | Jun 2026 —
- CONTROLPR: Sep 2021 17.3 | Dec 2021 16.0 | Mar 2022 16.8 | Jun 2022 18.4 | Sep 2022 16.0 | Dec 2022 14.8 | Mar 2023 17.4 | Jun 2023 20.2 | Sep 2023 22.5 | Dec 2023 28.1 | Mar 2024 26.0 | Jun 2024 25.5 | Sep 2024 25.5 | Dec 2024 22.7 | Mar 2025 21.7 | Jun 2025 12.6 | Sep 2025 13.3 | Dec 2025 11.1 | Mar 2026 9.4 | Jun 2026 24.7
- TVSELECT: Sep 2021 31.5 | Dec 2021 21.1 | Mar 2022 25.1 | Jun 2022 24.0 | Sep 2022 25.1 | Dec 2022 33.9 | Mar 2023 50.9 | Jun 2023 79.1 | Sep 2023 107.1 | Dec 2023 152.9 | Mar 2024 385.8 | Jun 2024 526.6 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -355.5 | Dec 2025 -356.8 | Mar 2026 532.9 | Jun 2026 —
- PANACHE: Sep 2021 230.0 | Dec 2021 -1,048.2 | Mar 2022 75.7 | Jun 2022 60.5 | Sep 2022 40.0 | Dec 2022 41.3 | Mar 2023 48.6 | Jun 2023 55.9 | Sep 2023 86.3 | Dec 2023 109.0 | Mar 2024 169.0 | Jun 2024 39.6 | Sep 2024 58.2 | Dec 2024 74.9 | Mar 2025 50.5 | Jun 2025 56.0 | Sep 2025 93.5 | Dec 2025 76.2 | Mar 2026 51.8 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: Redington Ltd leads both ev/ebitda at 7× and p/bv at 1.99×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Redington Ltd · 7× | 37.5% versus #2 · Control Print Ltd | 0/8 recent comparable periods | 4/4 companies · 77 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Redington Ltd (REDINGTON): 7.0
2. Control Print Ltd (CONTROLPR): 11.2
3. Panache Digilife Ltd (PANACHE): 31.9
4. TVS Electronics Ltd (TVSELECT): 39.5

### P/BV — lowest P/BV
1. Redington Ltd (REDINGTON): 2.0
2. Control Print Ltd (CONTROLPR): 2.1
3. Panache Digilife Ltd (PANACHE): 6.3
4. TVS Electronics Ltd (TVSELECT): 9.7

### 20-quarter EV/EBITDA history
- REDINGTON: Sep 2021 5.3 | Dec 2021 4.9 | Mar 2022 4.8 | Jun 2022 3.5 | Sep 2022 5.4 | Dec 2022 6.7 | Mar 2023 4.7 | Jun 2023 5.2 | Sep 2023 6.0 | Dec 2023 7.0 | Mar 2024 8.4 | Jun 2024 8.5 | Sep 2024 7.7 | Dec 2024 7.8 | Mar 2025 8.9 | Jun 2025 11.8 | Sep 2025 9.7 | Dec 2025 9.3 | Mar 2026 7.0 | Jun 2026 —
- CONTROLPR: Sep 2021 10.2 | Dec 2021 9.6 | Mar 2022 10.2 | Jun 2022 11.2 | Sep 2022 10.1 | Dec 2022 9.3 | Mar 2023 11.1 | Jun 2023 13.2 | Sep 2023 14.3 | Dec 2023 18.4 | Mar 2024 16.7 | Jun 2024 15.4 | Sep 2024 14.9 | Dec 2024 13.1 | Mar 2025 11.8 | Jun 2025 14.4 | Sep 2025 14.8 | Dec 2025 12.2 | Mar 2026 10.0 | Jun 2026 11.2
- TVSELECT: Sep 2021 17.1 | Dec 2021 13.3 | Mar 2022 15.1 | Jun 2022 12.8 | Sep 2022 14.5 | Dec 2022 17.4 | Mar 2023 23.4 | Jun 2023 35.3 | Sep 2023 37.5 | Dec 2023 47.1 | Mar 2024 41.8 | Jun 2024 53.2 | Sep 2024 62.2 | Dec 2024 65.1 | Mar 2025 42.6 | Jun 2025 59.0 | Sep 2025 94.5 | Dec 2025 55.5 | Mar 2026 39.5 | Jun 2026 —
- PANACHE: Sep 2021 32.2 | Dec 2021 44.5 | Mar 2022 64.0 | Jun 2022 16.4 | Sep 2022 14.8 | Dec 2022 14.3 | Mar 2023 13.9 | Jun 2023 14.9 | Sep 2023 19.5 | Dec 2023 20.6 | Mar 2024 19.6 | Jun 2024 19.1 | Sep 2024 32.4 | Dec 2024 42.4 | Mar 2025 33.2 | Jun 2025 31.1 | Sep 2025 52.2 | Dec 2025 43.1 | Mar 2026 31.9 | Jun 2026 —

### 20-quarter P/BV history
- REDINGTON: Sep 2021 2.3 | Dec 2021 2.3 | Mar 2022 2.3 | Jun 2022 1.9 | Sep 2022 1.8 | Dec 2022 2.3 | Mar 2023 2.2 | Jun 2023 2.5 | Sep 2023 1.8 | Dec 2023 2.0 | Mar 2024 2.4 | Jun 2024 2.4 | Sep 2024 1.9 | Dec 2024 2.1 | Mar 2025 2.5 | Jun 2025 3.3 | Sep 2025 2.4 | Dec 2025 2.4 | Mar 2026 1.7 | Jun 2026 —
- CONTROLPR: Sep 2021 2.4 | Dec 2021 2.2 | Mar 2022 2.5 | Jun 2022 3.0 | Sep 2022 2.5 | Dec 2022 2.5 | Mar 2023 3.3 | Jun 2023 4.1 | Sep 2023 4.2 | Dec 2023 5.2 | Mar 2024 4.9 | Jun 2024 4.8 | Sep 2024 4.0 | Dec 2024 3.3 | Mar 2025 2.9 | Jun 2025 3.8 | Sep 2025 3.1 | Dec 2025 2.5 | Mar 2026 2.0 | Jun 2026 2.5
- TVSELECT: Sep 2021 3.9 | Dec 2021 3.8 | Mar 2022 4.8 | Jun 2022 3.8 | Sep 2022 4.8 | Dec 2022 5.4 | Mar 2023 6.7 | Jun 2023 8.1 | Sep 2023 6.3 | Dec 2023 6.7 | Mar 2024 4.7 | Jun 2024 6.3 | Sep 2024 7.8 | Dec 2024 7.9 | Mar 2025 6.4 | Jun 2025 8.0 | Sep 2025 12.3 | Dec 2025 9.0 | Mar 2026 7.4 | Jun 2026 —
- PANACHE: Sep 2021 2.4 | Dec 2021 3.0 | Mar 2022 2.1 | Jun 2022 2.5 | Sep 2022 2.4 | Dec 2022 2.3 | Mar 2023 2.5 | Jun 2023 2.4 | Sep 2023 2.8 | Dec 2023 2.7 | Mar 2024 2.5 | Jun 2024 4.5 | Sep 2024 6.6 | Dec 2024 7.2 | Mar 2025 6.9 | Jun 2025 7.1 | Sep 2025 9.3 | Dec 2025 7.3 | Mar 2026 6.5 | Jun 2026 —

## Market action

Panache Digilife Ltd has the strongest one-year price move in Computer - Hardware at +68.3%. It also leads on Mansfield relative strength against NIFTY at +25.2%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Panache Digilife Ltd (PANACHE): 68%
2. TVS Electronics Ltd (TVSELECT): 19%
3. Redington Ltd (REDINGTON): -12%
4. Control Print Ltd (CONTROLPR): -25%

### Strongest relative strength versus NIFTY 500
1. Panache Digilife Ltd (PANACHE): 25%
2. TVS Electronics Ltd (TVSELECT): 6.7%
3. Redington Ltd (REDINGTON): 6.5%
4. Control Print Ltd (CONTROLPR): -6.6%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Redington Ltd (REDINGTON) — market value ₹20.3K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- Control Print Ltd (CONTROLPR) — market value ₹945 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures
- TVS Electronics Ltd (TVSELECT) — market value ₹926 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Panache Digilife Ltd (PANACHE) — market value ₹670 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 0. Unverified: 3. Withheld: 1. Graded companies: 4.

3 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

1 of 4 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Redington Ltd (REDINGTON) — its two data sources disagree by up to 36% on reported income across 14 comparable periods, so its derived ratios are withheld.

- WITHHELD | REDINGTON | Redington Ltd | diff_gt_2pct | disagreement up to 35.7% over 14 comparable periods

- UNVERIFIED | CONTROLPR | Control Print Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | TVSELECT | TVS Electronics Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | PANACHE | Panache Digilife Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Computer - Hardware index?

The Nifty Computer - Hardware index tracks India's listed Computer - Hardware companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Computer - Hardware sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Computer - Hardware stocks in India?

Ranked by this page's four-factor score, Panache Digilife Ltd places first among 4 listed Computer - Hardware companies, followed by Redington Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Computer - Hardware stocks are listed in India?

This comparison covers 4 listed Computer - Hardware companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Computer - Hardware company is the biggest?

Redington Ltd is the largest, with trailing-twelve-month revenue of ₹1,19,163 crore, ahead of Control Print Ltd at ₹486 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

### Which Computer - Hardware company is growing fastest?

Panache Digilife Ltd has the fastest revenue growth at 100% year on year, across 4 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Computer - Hardware company has the best profit margins?

Panache Digilife Ltd has the highest operating margin at 16%, from 4 of 4 comparable companies. Panache Digilife Ltd shows the biggest recent improvement, at +10 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Computer - Hardware company makes the most profit?

Redington Ltd earns the most, at ₹1,284 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Panache Digilife Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Computer - Hardware company earns the highest return on capital?

Panache Digilife Ltd leads on return on capital employed at 25.6%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Computer - Hardware company has the strongest balance sheet?

Control Print Ltd carries the lowest comparable gross debt at ₹7 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Computer - Hardware stock has the strongest price momentum?

Panache Digilife Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Computer - Hardware company scores highest for research priority?

Panache Digilife Ltd scores 75.1 out of 100 with 66.8% evidence confidence, from 30.3 points on growth and earnings, 17.8 on capital efficiency, 10 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Computer - Hardware companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Computer - Hardware sector?

The 4 Computer - Hardware companies on this page carry ₹22,793 crore of combined market value. Redington Ltd is the largest at ₹20,252 crore, about 89% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Computer - Hardware sector performing?

3 of the 4 covered Computer - Hardware companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/computer-hardware