Redington Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Customers buy technology products and services from Redington Ltd (Redington). Its IT products include PCs, laptops, tablets, notebooks, smart phones, desktops, printers, wearables, and accessories like solar energy devices. This company’s IT product lines are dominated by gaming and audio systems. Established in 1993, Redington Limited is a leading distributor of IT and mobility products, as well as a supplier of supply chain management solutions and support services in Africa, India, the Middle East, and Turkey.

Redington Share Price Target 2024-2030

A company that is listed on stock exchanges and does exceptionally well there is Redington Ltd. The company’s share prices eventually rise on a daily basis due to a steady demand for shares, which contributes significantly to the company’s ability to maintain a stable position on stock exchanges. The performance of the business in its core business, which is providing technology products and services, is a major factor in the company’s profit, making the business very profitable.

Redington Share Price Target Today Update

• The shares are currently trading at a market price of 205.35 INR; this is just a temporary change that can be changed in the future.
• When compared to the stock exchanges’ previous closing price, the company’s share prices had increased by 1%.
• The company’s share price return over the past year was 24.92 percent, and over the past six months, it was 14.37 percent.
• The company’s share price return over the past three years is 157.31 percent, while its return over the past five years is 315.74 percent.
• The company’s share price ranges from 200 INR to 207.15 INR according to the current market price.
• The company made a profit of 340.78 crores in the previous quarter.

Also Check:-

Infosys Share Price Target

Jupiter Wagons Share Price Target

Redington Business Profile

Our business receives IT and mobile products from the vendors, and before selling them to dealers and resellers, we handle distribution logistics. Our portfolio is regularly updated with new products, and its subsidiaries provide additional services like after-sales and third-party logistics. The business employs three automated distribution centers (ADCs) in Dubai, Chennai, Kolkata, and Mumbai.

• Products: After-sales support, supply chain consulting, cloud computing, mobility, warehousing, reverse logistics, and even project management e-commerce and third-party logistics are among the services offered. Redington also offers solutions for networking, data security, data analytics, augmented and virtual reality (AR and VR), packaging, and localization of gaming console software.
• Warehouse & Service Centres: The company has owned service centers, 19+ partner service centers, and over 7.7 million square feet of warehouse space in its possession. In addition to South Asian nations, the company has sales offices, storage facilities, its own service hubs, and other allied service centers in India, the Middle East, Africa, and Turkey.
• Alliance: Company announced its strategic partnership with Zoho Corporation in April 2024 to bring Zoho’s top-notch cloud products for office efficiency, team unity, and connecting customers to a larger clientele in India.
• Restructuring: In May 2024, the company agreed to sell the Paynet business in Turkey for USD 87 million, including a net cash adjustment, under a Share Purchase Agreement (SPA). The company entered into a SPA in March 2024 to sell Citrus Consulting Services FZ-LLC in Dubai, United Arab Emirates for four million five hundred thousand US dollars, subject to regulatory approvals and fulfillment of the SPA’s precedent conditions. The transfer of shares between Dubai-based group companies (ProConnect Holding Limited, Dubai (‘PHL’) (Buyer) and Redington Gulf FZE, Dubai) will take place in April 2024.

Redington Fundamentals & Quarterly Results

Market Cap	₹ 14,865 Cr.
Current Price	₹ 190
High / Low	₹ 238 / 136
Stock P/E	12.5
Book Value	₹ 96.6
Dividend Yield	3.26%
ROCE	19.5%
ROE	16.8%
Face Value	₹ 2.00
FCF Prev Ann	₹ -3,382 Cr.
Debt to Equity	0.39
Debt Preceding Year	₹ 3,321 Cr.
Reserves	₹ 7,392 Cr.
Quick Ratio	1.02
Current Ratio	1.43
Free Cash Flow	₹ 1,016 Cr.

Redington Quarterly Results

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales (₹ Cr.)	16,803	19,051	21,674	21,849	21,187	22,220	23,505	22,433	21,282
Expenses (₹ Cr.)	16,341	18,518	21,093	21,305	20,768	21,739	22,988	21,974	20,911
Operating Profit (₹ Cr.)	462	532	581	543	419	481	517	459	371
OPM %	3%	3%	3%	2%	2%	2%	2%	2%	2%
Other Income (₹ Cr.)	25	30	40	46	64	76	45	79	53
Interest (₹ Cr.)	37	54	88	92	88	106	85	106	81
Depreciation (₹ Cr.)	36	37	39	43	42	44	43	52	51
Profit Before Tax (₹ Cr.)	414	471	494	455	352	408	434	381	292
Tax %	21%	17%	21%	28%	27%	24%	20%	15%	26%
Net Profit (₹ Cr.)	326	392	393	328	255	312	348	324	217
EPS (₹)	4.04	4.95	4.86	3.97	3.18	3.88	4.36	4.16	3.15

CAGR Report

	10 Years	5 Years	3 Years	TTM/1 Year/Last Year
Compounded Sales Growth	12%	14%	16%	7%
Compounded Profit Growth	14%	18%	17%	-11%
Stock Price CAGR	15%	33%	6%	25%
Return on Equity	17%	19%	20%	17%

Redington Shareholding Pattern

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIIs	38.13%	34.44%	42.10%	42.00%	39.40%	60.50%	58.09%	57.87%
DIIs	19.98%	21.18%	16.74%	15.79%	16.14%	16.68%	18.57%	18.14%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.00%
Public	41.89%	44.38%	41.16%	42.21%	44.46%	22.82%	23.29%	23.99%
No. of Shareholders	20,375	26,206	25,580	38,119	2,42,615	2,52,336	2,27,423	2,18,658

Redington Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹259.91	₹306.36	₹334.24
2025	₹341	₹321	₹383
2026	₹391	₹367	₹438
2027	₹447	₹421	₹503
2028	₹513	₹481	₹574
2029	₹585	₹550	₹657
2030	₹670	₹630	₹751

Also Check:-

Eko Tejas E-Dyroth Bike

Triumph Thruxton 400 Bike

REDINGTON Share Price Target 2025

Month	Target
January	₹341
February	₹348
March	₹355
April	₹343
May	₹332
June	₹321
July	₹334
August	₹347
September	₹361
October	₹368
November	₹375
December	₹383

REDINGTON Share Price Target 2026

Month	Target
January	₹391
February	₹399
March	₹407
April	₹393
May	₹380
June	₹367
July	₹382
August	₹397
September	₹413
October	₹421
November	₹429
December	₹438

REDINGTON Share Price Target 2027

Month	Target
January	₹447
February	₹456
March	₹465
April	₹450
May	₹435
June	₹421
July	₹438
August	₹456
September	₹474
October	₹483
November	₹493
December	₹503

REDINGTON Share Price Target 2028

Month	Target
January	₹513
February	₹523
March	₹533
April	₹515
May	₹498
June	₹481
July	₹500
August	₹520
September	₹541
October	₹552
November	₹563
December	₹574

REDINGTON Share Price Target 2029

Month	Target
January	₹585
February	₹597
March	₹609
April	₹589
May	₹569
June	₹550
July	₹572
August	₹595
September	₹619
October	₹631
November	₹644
December	₹657

Also Check:-

Asian Paints Share Price Target

Emote Electric Surge Bike

REDINGTON Share Price Target 2030

Month	Target
January	₹670
February	₹683
March	₹697
April	₹674
May	₹652
June	₹630
July	₹655
August	₹681
September	₹708
October	₹722
November	₹736
December	₹751

Final Words

REDINGTON is a company that operates in the Information Technology Services sector of the Technology sector. We will discuss REDINGTON’s share price targets for 2024, 2025, 2026, and up to 2030 in this in-depth post. A variety of technical analysis methods to forecast goals up to 2030 for long-term forecasts. A machine learning strategy to forecast the price of REDINGTON until 2030, training the forecasted data on previous performance.