# Redington share price today (Redington Ltd, NSE: REDINGTON)

> Redington share price today: ₹366.75 at the NSE close on 4 November 2026, up 25.6% in a year. Redington (NSE: REDINGTON) is worth ₹28,667 crore, trades at a P/E of 15.9 and has closed between ₹200.70 and ₹407.25 over the past 52 weeks. > Redington Ltd's share price has risen faster than its earnings: +25.6% in a year, against −7.2% for earnings per share. REDINGTON · Computer - Hardware · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/redington-ltd

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## Key numbers

- Business trend: Slowing from a peak, from fewer quarters than usual
- Price: ₹366.75 (+25.6% in a year)
- P/E: 15.9× (higher than 93% of the last 11 years)
- Revenue (Jun 2026): ₹34,922 Cr (+34.6% on a year ago)
- Profit (Jun 2026): ₹453 Cr (+94.4% on a year ago)
- Operating margin: 2.0% (+0.5 points on a year ago)
- ROCE: 18%, FY26
- Profit that came in as cash: 37%, last 3 years

The main question: profits are rising, but only 37% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Redington share price today? Redington Ltd's share price was ₹366.75 at the close on 4 November 2026. It has been rising for 16 weeks. That is 18.6% 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 80% of the way up from that low. 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 +572% 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. ## What changed at Redington this quarter? 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. ## What are Redington's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹34,922 crore | ₹25,952 crore | +34.6% |
| Profit | ₹453 crore | ₹233 crore | +94.4% |
| Earnings per share | ₹6.22 | ₹3.52 | +76.7% |
| Operating margin | 2.0% | 1.5% | +0.5 points |

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.)

## What is the Redington share price history? Redington closed at ₹366.75 on 4 November 2026, up 25.6% from ₹292.00 a year earlier (7 November 2025) and up 148.6% over five years. Its highest weekly close since March 2016 was ₹407.25 on 25 September 2026. ### Redington share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹326.95 | +12.2% |
| 1 month ago · 1 Oct 2026 | ₹397.95 | −7.8% |
| 6 months ago · 8 May 2026 | ₹223.02 | +64.4% |
| 1 year ago · 7 Nov 2025 | ₹292.00 | +25.6% |
| 3 years ago · 3 Nov 2023 | ₹144.05 | +154.6% |
| 5 years ago · 4 Nov 2021 | ₹147.50 | +148.6% |
| 10 years ago · 4 Nov 2016 | ₹48.78 | +651.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹54.58 | +571.9% |
| Highest weekly close since March 2016, also the 52-week high · 25 Sep 2026 | ₹407.25 | −9.9% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹31.15 | +1,077.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹200.70 | +82.7% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Redington? 4 Nov 2026: Redington closed at ₹366.75, up 12.2% on the week and down 7.8% 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.)

## What dividend does Redington pay? Redington paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.64% at the ₹366.75 close on 4 November 2026. The last was a dividend of ₹6 a share, ex-date 3 July 2026. ### Redington dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 3 Jul 2026 | ₹6 | Dividend | same day |
| 4 Jul 2025 | ₹6.80 | Dividend | same day |
| 5 Jul 2024 | ₹6.20 | Dividend | same day |
| 7 Jul 2023 | ₹7.20 | Dividend | same day |
| 14 Jul 2022 | ₹6.60 | Dividend | 15 Jul 2022 |
| 16 Jul 2021 | ₹11.60 | Dividend + Special | 19 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What did Redington management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/4691-30-Jul-2026.pdf). (From the call for April to June 2026, 30 July 2026.)

## What could change the Redington story? What are the risks? 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.)

## What to watch in Redington's next results? 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. - What to check (from the call)
- 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. - Endpoint demand: monitor unit growth after 25.0%-50.0% PC price increases and whether 2 to 3 months of channel inventory normalizes without demand reversal. - Arena next-quarter loss: compare with the ₹64 crore Q1 loss and test whether Turkey gross-margin and inflation-driven OpEx pressure begin to ease. ## Which stock lists is Redington on? Redington is on 4 of our India lists: Dividend stocks, Small & mid cap stocks, AI & data centre stocks and IT stocks. - [Dividend stocks Regular dividend yield (%): 1.64](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 304](https://www.sectoralpha.in/small-cap-stocks-india)
- [AI & data centre stocks Group on the list: Data centre suppliers](https://www.sectoralpha.in/ai-stocks-india)
- [IT stocks Market value (₹ crore): 28671.448233674877](https://www.sectoralpha.in/sectors/it-stocks-india)

## Is Redington profitable? 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. 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. ## How much revenue does Redington make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Redington keep? 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. 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. ## Is Redington's profit turning into cash? 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. 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. ## Where does Redington's cash go? 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. 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. ## What is Redington's P/E ratio, and how does it compare with its own history? Redington Ltd's P/E is 15.9×, near the high end of its own history: higher than 93% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −7.2% while the price moved +25.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +20.0% a year; about +14.5% a year came from earnings growth and about +5.5 percentage points from the multiple (the market paying more); over 10 years the price moved +22.4% a year; about +15.2% a year came from earnings growth and about +7.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 36% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the Redington share price assume? Worked out from its price on 26 August 2026, Redington Ltd's share price assumed profit growth of about 10.1% a year. Over the past 10 years its profit actually grew 11.2% a year. Today its P/E is 15.9×, higher than 93% of its own last 11 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Redington business getting better or worse? Redington Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +56.0% at its peak to −18.1% now), while ROCE is still 18.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: slowing from a peak is where good stories often end quietly. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Redington story, and has it been checked? Redington Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Mid-Cycle Execution with Structural Software Expansion. Still open: A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding Rs 120 Cr. Our read, 22 August 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%. From the price. Price stage 2, week 16, above its 200-day line, relative strength falling. From the research. 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%. What is proven. 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%. What is not proven yet. A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding Rs 120 Cr. What would change our mind. A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding Rs 120 Cr. The test written in advance. A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding Rs 120 Cr. Measured by: the thesis as written as stated by the next result. The test written in advance. Working Capital Absorption and Debtor Days Expansion. Measured by: Working Capital Absorption and Debtor Days Expansion Working capital days exceeding 35 days or quarterly finance expense rising above Rs 110 Cr. by the next result. The test written in advance. Arena Turkey Ongoing Drag and Delayed Turnaround. Measured by: Arena Turkey Ongoing Drag and Delayed Turnaround Quarterly Arena losses expanding above Rs 70 Cr or further intangible asset write-downs. by the next result. What the company does. Revenue accelerated 34.6% YoY to Rs 34,922 Cr in Q1 FY27, driven by a 52% surge in Software Solutions Group (SSG) and Rs 700 Cr 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 OCF/PAT at 0.37) during rapid top-line scaling, but ROCE of 22.0% and loss containment in Arena Turkey protect capital efficiency. What the surface reading misses. The surface reading is: 3-year cumulative OCF to PAT conversion of 0.37 indicates weak earnings cash conversion and cash flow deterioration. The research reads it further: In a high-volume distribution model expanding revenue 90.2% over 4 years (Rs 62,644 Cr to Rs 119,162 Cr), working capital absorbed Rs 3,346 Cr over 3 years. Debtor days stretched by 15 days (51 to 66 days) due to enterprise IT and cloud contract terms, requiring Rs 2,011 Cr incremental borrowings, rather than operational earnings leakage. What the surface reading misses. The surface reading is: Cash Conversion Cycle doubling from 15 days in FY22 to 34 days in FY26 signals operational inefficiency and working capital drag. The research reads it further: The cycle lengthened specifically because debtor days expanded from 51 to 66 days while payable days compressed from 63 to 58 days. As Software Solutions (SSG) and cloud consumption contracts increased to 17% of revenue, multi-year billing and enterprise credit terms structurally increased receivable cycles, whereas inventory velocity actually improved from 27 to 26 days. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Redington management deliver what it promised? What Redington Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. AI Exchange Agent Count Reversal · 30 July 2026. The Jun 2026 shareholder event reported more than 450-plus curated AI agents, but the Jul 2026 call reported only over 250 options. Management did not explain whether the product count or definition changed, creating an unexplained reduction in a capability used to support the AI growth thesis. Cloud Platform Milestone Reversed · 30 July 2026. In Jun 2026, management said CQ 2.0 had already been released early in the year. In Jul 2026, it described the business as still migrating from 1.0 to 2.0, without clarifying whether the earlier release was partial, creating an unexplained change in the platform milestone. Professional Services Contribution Not Reconciled · 30 July 2026. In Jun 2026, management described services as a sub-1% contribution to SSG revenue and a very small business. In Jul 2026, it reported services at 2.5% of overall revenue while SSG was 17%, which would imply approximately 15% of SSG revenue if the figures are comparable. Management did not reconcile the different denominators or explain how the contribution increased so sharply. Arena Turnaround Timeline Materially Pushed Back · 14 May 2026. In the Feb 2026 call, management confirmed Arena losses were improving sequentially and explicitly guided FY27 as the year it would move toward breakeven, a view reinforced by the Nov 2025 call forecasting light at the end of the tunnel within six months. The May 2026 call instead records a Q4 FY26 Arena loss higher than Q3, takes an INR75.2 crores trade-name impairment, and now guides FY27 to remain loss-making with real profitability turnaround pushed to FY28 - a full fiscal year behind the Feb 2026 guidance and materially contradicting the near-term optimism expressed in Nov 2025. Every quote above is taken word for word from the company’s own earnings calls. ## What is Redington management's track record? The company has operated through GST and COVID-era disruption, but Arena and the long cash-conversion record prevent a strong grade. ### Regulatory and governance record

No Redington-specific enforcement action surfaced; the apparent insider-trading result related to Sharon Bio-Medicine. 0% Promoter shares pledged

Sources:

- [trendlyne.com](https://trendlyne.com/research-reports/stock/1120/REDINGTON/redington-ltd/)
- [casemine.com](https://www.casemine.com/judgement/in/64aedc66de106a58b166f837)
- [moneyworks4me.com](https://www.moneyworks4me.com/share-price/REDINGTON/redington-ltd)

(Checked 30 August 2026.)

## How much does Redington earn on its capital? Redington Ltd earned a ROCE of 18% in FY26. That is up from a low of 15% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 1.1% net margin and 3.52× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.1% net margin × 3.52× asset turnover × 3.33× leverage (assets divided by equity) ≈ 12.9% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 36% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Redington have too much debt? Redington Ltd had ₹2,842 Cr of borrowings against ₹10,160 Cr of equity in FY26, so its debt is 0.28× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹622 Cr to ₹2,842 Cr. Over the last 3 of those years it spent ₹457 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 36% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Redington shareholding pattern? Foreign institutions raised their stake in Redington Ltd by 5.4 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 63.4% of the company. Domestic institutions moved −2.1 points over the same period, to 16.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions moved +5.4 points and domestic institutions −2.1 points over 8 quarters. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Redington from balance-sheet trouble? For Redington Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Redington rank in its industry? 51.3 out of 100, rank 2 of 4 in Computer - Hardware, with 75% of the evidence available. Redington Ltd scores 51.3 out of 100 against the 4 companies it is compared with in Computer - Hardware, ranking 2. Relative strength against the index is 20.5%, and revenue and profit growth are weak. The four parts add up to the total exactly: 16.3 + 15.3 + 6.6 + 13.1 = 51.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Redington compared with? Redington ranks 2 of 4 Computer - Hardware companies on the 4-Factor Sector Score, with 51.3 out of 100. 1. [Panache Digilife Ltd](https://www.sectoralpha.in/stocks/panache-digilife-ltd) PANACHE · leader · Most evidence points up · 75% evidence 66.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 33.2/35 · Revenue 100% · Profit 100% · Operating margin change 3.1 points · 100% evidence Capital efficiency 15.8/25 · ROCE 25.7% · Operating margin 9.6% · 100% evidence Valuation 5.0/20 · P/E 37.5× · PEG 8.84 · 50% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 68.1% · 1 year 48.2% · 25% evidence · 12 of 12 weeks ahead Exact sum: 33.2 + 15.8 + 5 + 12.5 = 66.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Redington Ltd this page REDINGTON · leader · Evidence leans up · 75% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 23.2% · Profit -18.1% · Operating margin change 0.5 points · 83% evidence Capital efficiency 15.3/25 · ROCE 18.4% · Operating margin 2% · 76% evidence Valuation 6.6/20 · P/E 14.2× · PEG n/a · 35% evidence Relative strength 13.1/20 · Lead over its industry 4% · Lead over NIFTY 500 20.5% · 1 year 28.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.3 + 15.3 + 6.6 + 13.1 = 51.3 · What this means: Relative strength against the index is 20.5%, and revenue and profit growth are weak. 3. [Control Print Ltd](https://www.sectoralpha.in/stocks/control-print-ltd) CONTROLPR · turning · Evidence leans down · 82% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue 15.8% · Profit -68% · Operating margin change -3 points · 100% evidence Capital efficiency 17.2/25 · ROCE 16.4% · Operating margin 20% · 100% evidence Valuation 2.8/20 · P/E 27.7× · PEG 3.76 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -5.1% · 1 year -21.7% · 25% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 17.2 + 2.8 + 7.5 = 39.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. [TVS Electronics Ltd](https://www.sectoralpha.in/stocks/tvs-electronics-ltd) TVSELECT · quiet · Too little evidence to rank firmly · 53% evidence 36.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue 11.7% · Profit 70.3% · Operating margin change -3.5 points · 65% evidence Capital efficiency 1.1/25 · ROCE 5.8% · Operating margin -2.3% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.7% · 1 year -40.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 18.3 + 1.1 + 10 + 7.5 = 36.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Computer - Hardware](https://www.sectoralpha.in/sectors/computer-hardware), all 4 compared on one page. ## Which companies are close to Redington in size? Redington is the largest of 4 Computer - Hardware companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Panache Digilife, Control Print and TVS Electronics. ### Computer - Hardware companies close in size

1. Redington Ltd ₹25,560 crore
2. [Panache Digilife Ltd](https://www.sectoralpha.in/stocks/panache-digilife-ltd) ₹1,036 crore
3. [Control Print Ltd](https://www.sectoralpha.in/stocks/control-print-ltd) ₹926 crore
4. [TVS Electronics Ltd](https://www.sectoralpha.in/stocks/tvs-electronics-ltd) ₹678 crore

[All 4 Computer - Hardware companies, largest first](https://www.sectoralpha.in/sectors/computer-hardware#all-companies)

### Companies close in size in other industries

1. [Himadri Speciality Chemical Ltd](https://www.sectoralpha.in/stocks/himadri-speciality-chemical-ltd) ₹25,693 crore · Carbon Black
2. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) ₹25,664 crore · Auto Ancillaries - Diversified
3. Redington Ltd ₹25,560 crore
4. [Piramal Enterprises Ltd(Merged)](https://www.sectoralpha.in/stocks/piramal-enterprises-ltd-merged) ₹25,483 crore · Diversified
5. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) ₹25,374 crore · Finance - Holding Company

## What else do people ask about Redington? ### What is Redington's share price today? Redington Ltd's share price is ₹366.75, +25.6% over the past year. The whole company is worth ₹28,667 Cr on the market. In the last 52 weeks it traded between ₹201 to ₹407; today it is 80% of the way up from the low, 18.6% above its 200-day average (as of 4 November 2026). ### What were Redington's latest quarterly results? Redington Ltd reported revenue of ₹34,922 Cr and net profit of ₹453 Cr for the Jun 2026 quarter. Revenue rose 34.6% and profit rose 94.4% compared with a year earlier. Earnings per share were ₹6.22. The operating margin was 2.0%, 0.5 percentage points higher than a year earlier (as of 4 November 2026). ### What is Redington's market cap? Redington Ltd's market capitalisation is ₹28,667 Cr at a share price of ₹366.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Redington performing? Redington Ltd's share price has been rising for 16 weeks. In its latest quarter, revenue rose 34.6% and profit rose 94.4% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will Redington's share price go up? This page does not forecast Redington Ltd's share price. What it shows instead: the share price is ₹366.75, and it has been rising for 16 weeks. Its P/E of 15.9× is higher than 93% of its own last 11 years (as of 4 November 2026). ### Where is Redington in its business cycle? Redington Ltd's FY26 operating margin was 2.0%, against a 13-year range of 2.0% to 2.9%: the low end of its own range, which is often where recoveries start. The latest quarter was 2.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Redington story? The main question: profits are rising, but only 37% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Redington a stock worth studying right now? What the numbers show: Redington Ltd's share price has risen faster than its earnings: +25.6% in a year, against −7.2% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Redington share price forecast for 2026? What management itself guided: Q2 expected to be strong, supported by mobility new product introductions and ongoing business momentum. What would change the story: A persistent deceleration in SSG revenue growth below 20% accompanied by debtor days stretching beyond 70 days and quarterly finance expense exceeding ₹120 crore. ### Where does this page get Redington's management information? From Redington's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- AI & data centre stocks: https://www.sectoralpha.in/ai-stocks-india
- IT stocks: https://www.sectoralpha.in/sectors/it-stocks-india

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