Redington share price today

Redington Ltd's share price was ₹327.50 at the close on 6 November 2026. It has been rising for 16 weeks. That is 5.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹201 and ₹407, and at that close it sat 61% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Redington Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +500% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹34,922 crore, +34.6% on a year earlier.

   Why: Revenue rose because all four India businesses grew by double digits: phones, PCs, data centre gear and software.

   Next results: check whether the big data centre deals keep coming and turn into sales.

   From the earnings call on 30 Jul 2026.

3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 17.3% to 16% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Redington reported revenue of ₹34,922 crore, up 34.6% from ₹25,952 crore a year earlier, and a profit of ₹453 crore, up 94.4% from ₹233 crore.

Redington results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Redington's management discussed these results on a call held on 30 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Redington closed at ₹327.50 on 6 November 2026, up 12.2% from ₹292.00 a year earlier (7 November 2025) and up 122.0% over five years. Its highest weekly close since March 2016 was ₹407.25 on 25 September 2026.

Redington share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: Redington closed at ₹327.50, up 0.2% on the week and down 13.8% on the month. Our read, 22 Aug 2026: Redington is escaping the low-margin distributor squeeze by pivoting into high-growth Software Solutions, Cloud orchestration, and AI data center infrastructure while maintaining ROCE above 18%.

Earlier

• 30 Jul 2026: Redington held its results call for April to June 2026. Management guided: Q2 expected to be strong, supported by mobility new product introductions and ongoing business momentum.
• 3 Jul 2026: ex-date for a dividend of ₹6 a share.
• Results for April to June 2026: Revenue up 34.6% and profit up 94.4% on a year earlier.

Our read of the business

Revenue accelerated 34.6% on a year earlier to ₹34,922 crore in April to June 2026, driven by a 52% surge in Software Solutions Group (SSG) and ₹700 crore of India data center deal execution.,The business model is transitioning under the distributor escape framework from low-margin hardware fulfillment to higher-margin cloud and platform orchestration, aiming for $5B SSG revenue by FY29.,Cash flow conversion remains constrained by working capital expansion (3-year operating cash flow/profit at 0.37) during rapid top-line scaling, but ROCE of 22.0% and loss containment in Arena Turkey protect capital efficiency.

Latest quarter: Record Topline of ₹34,922 crore with 94.4% profit Growth Led by India Data Centers and SSG.

Our read after the latest results, written 22 August 2026.

Redington paid ₹6 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 1.83% at the ₹327.50 close on 6 November 2026. The last was a dividend of ₹6 a share, ex-date 3 July 2026.

Redington dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Redington Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 30 July 2026, Redington's management guided: Q2 expected to be strong, supported by mobility new product introductions and ongoing business momentum.

“The data center piece of the business is going to be huge. Our backlog is already multiple times what we did this quarter, so I do not see that tapering off for the next several quarters”V. S. Hariharan, Managing Director and Group CEO, on the call for April to June 2026

What management guided

• Q3 expected to benefit from festive demand, while post-festive consumer demand remains unknown.
• TSG data center funnel is multiple times the nearly ₹1,000 crore Q1 large-deal value for the next few quarters.
• TSG data center backlog is multiple times Q1 execution and is not expected to taper for the next several quarters.
• AI PC adoption expected to strengthen toward year-end as new chipsets arrive; current India penetration is 36.0%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 30 July 2026.

A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding ₹120 crore.

Each change stops working if

• : Enterprise data center capital spending slows or deal profitability falls below the 18% ROCE hurdle rate.
• : Hyperscalers bypass distribution channels to engage enterprise customers directly.
• : Platform development OpEx escalates faster than subscription fee realization.
• : Component shortages normalize and enterprise customers defer Windows 11 hardware refresh cycles.

The main risks

• : Three-year cumulative operating cash flow to profit conversion is 0.37 as debtor days expanded by 15 days to 66 days. ⚠ estimate
• : Endpoint revenue growth was largely ASP-driven with channel inventory at 2 to 3 months. ⚠ estimate
• : Regional conflict caused $3M in one-off transit costs and soft demand in UAE (-4%) and Saudi (-7%). ⚠ estimate
• : Large data center deals carry lower gross margin percentages by design. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Redington reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Q2 print: test management's strong-quarter framing, with mobility NPIs, cloud and services momentum, and any UAE or Saudi recovery visible in reported performance.

Redington is on 4 of our India lists: Dividend stocks, Small & mid cap stocks, AI & data centre stocks and IT stocks.

Redington Ltd earned ₹453 Cr of net profit in the Jun 2026 quarter, +94.4% on the same quarter a year earlier. Full-year FY26 profit was ₹1,284 Cr. Over 10 years profit has grown 11.2% a year on average. That is 1.3% of the quarter's revenue. The same quarter a year earlier earned ₹233 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,284 Cr (−29.5% on the year before).

Why profit moved: revenue changed +34.6% on a year earlier and the margin moved +0.5 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +13.0% and revenue +23.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

Redington Ltd reported ₹34,922 Cr of revenue in the Jun 2026 quarter, +34.6% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 12.9% a year on average. The last full year, FY26, came in at ₹1,19,162 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Technology Solutions Group (TSG) is benefiting from India's data center capacity expansion from 1.5GW to 7.5GW. In Q1 FY27, TSG captured nearly Rs 1,000 Cr in large enterprise deals (Rs 700 Cr in India data centers), with management confirming a backlog multiple times the quarterly execution rate. While large deals carry lower gross margin percentages, management enforces an 18% ROCE floor to protect capital efficiency.

The last four reported quarters add to ₹1,28,133 Cr.

FY26 revenue was ₹1,19,162 Cr, +20.0% on the year before.

Recent pace: the last four quarters grew +23.2% on average, against 12.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.2%, against +19.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −18.1%, against +11.9% a year (rolling over).

Redington Ltd's operating margin was 2.0% in the Jun 2026 quarter, 0.5 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.0% and 2.9%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Applying 'The Operating Leverage Catapult', Redington is leveraging proprietary digital platforms (CloudQuarks 2.0, TrackMyCloud, Reonix) to manage transaction volume without proportional head-count increases. Consolidated OpEx grew slower than revenue in Q1 FY27, allowing operating profit to expand 77.0% YoY to Rs 708 Cr and delivering significant operational efficiency.

Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed −0.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 37% of Redington Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹231 Cr of operating cash against ₹1,284 Cr of profit. After ₹74.0 Cr of spending on assets, ₹157 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 37% of profit came in as cash: the cash cycle got 20 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 20 days longer. The next section looks at where the cash is stuck.

Redington Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 34 days in FY26, up from 14 days in FY21. It spent ₹457 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 26 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,19,162 Cr, each day of that cycle ties up about ₹326 Cr, so roughly ₹11,100 Cr is tied up in the business at any time.

FY26: customers took 66 days to pay and stock sat for 26 days, about 0.9 months of sales sitting as stock, for a full cycle of 34 days, longer than FY21's 14.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 26 days. Customers pay about 66 days after that. Suppliers are paid at 58 days. Together that makes the 34-day cycle.

Spending on assets: ₹457 Cr over the last 3 years, against ₹605 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹75.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Redington Ltd's P/E is 14.2×, near the high end of its own history: higher than 85% of past readings. Its usual P/E (the middle reading) is 10.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹21.76.