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How to buy Redington India (REDINGTON) shares

Learn how to easily invest in Redington India shares.

Redington (India) Limited is an information technology services business based in India. Redington India shares (REDINGTON) are listed on the NSE and all prices are listed in Indian Rupee. Redington India employs 1,545 staff and has a trailing 12-month revenue of around INR612.8 billion.

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How has Coronavirus impacted Redington India's stock price?

Since the stock market crash in March caused by coronavirus, Redington India's stock price has had significant positive movement.

Its last market close was INR163.4, which is 32.89% up on its pre-crash value of INR109.65 and 176.48% up on the lowest point reached during the March crash when the stocks fell as low as INR59.1.

If you had bought INR1,000 worth of Redington India stocks at the start of February 2020, those stocks would have been worth INR580.49 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth INR1,490.21.

Is it a good time to buy Redington India stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Redington India shares at a glance

Information last updated 2022-01-17.
Latest market closeINR163.40
52-week rangeINR63.87 - INR179.20
50-day moving average INR150.06
200-day moving average INR138.55
Wall St. target priceINR225.88
PE ratio 13.0845
Dividend yield INR7.6 (2.19%)
Earnings per share (TTM) INR13.26

Redington India stock price (NSE:REDINGTON)

Use our graph to track the performance of REDINGTON stocks over time.

Redington India price performance over time

Historical closes compared with the close of INR163.4 from 2022-01-20

1 week (2022-01-13) -2.56%
1 month (2021-12-21) 11.88%
3 months (2021-10-21) 13.59%
6 months (2021-07-20) -47.95%
1 year (2021-01-21) 19.66%
2 years (2020-01-20) 41.78%
3 years (2019-01-18) 104.25%
5 years (2017-01-20) 58.56%

Is Redington India under- or over-valued?

Valuing Redington India stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Redington India's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Redington India's P/E ratio

Redington India's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Redington India shares trade at around 13x recent earnings.

Redington India's EBITDA

Redington India's EBITDA (earnings before interest, taxes, depreciation and amortisation) is INR16 billion.

The EBITDA is a measure of a Redington India's overall financial performance and is widely used to measure a its profitability.

Redington India financials

Revenue TTM INR612.8 billion
Operating margin TTM 2.54%
Gross profit TTM INR31.6 billion
Return on assets TTM 6.65%
Return on equity TTM 20.73%
Profit margin 1.69%
Book value INR64.75
Market capitalisation INR135.6 billion

TTM: trailing 12 months

Redington India share dividends

64%

Dividend payout ratio: 63.69% of net profits

Recently Redington India has paid out, on average, around 63.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Redington India shareholders could enjoy a 2.19% return on their shares, in the form of dividend payments. In Redington India's case, that would currently equate to about INR7.6 per share.

Redington India's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 3 August 2021 (the "ex-dividend date").

Have Redington India's shares ever split?

Redington India's shares were split on a 2:1 basis on 17 August 2021. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Redington India shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Redington India shares which in turn could have impacted Redington India's share price.

Redington India share price volatility

Over the last 12 months, Redington India's shares have ranged in value from as little as INR63.8743 up to INR179.2. A popular way to gauge a stock's volatility is its "beta".

REDINGTON.NSE volatility(beta: 0.84)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NSE average) beta is 1, while Redington India's is 0.8367. This would suggest that Redington India's shares are less volatile than average (for this exchange).

Redington India overview

Redington (India) Limited provides supply chain solutions for information technology products, telecom, lifestyle, healthcare, and solar products in India and internationally. The company distributes IT hardware and software products, including consumer and commercial PCs, desktops, laptops, and MacBooks; tablets and phablets; deskjets, laserjets, and related consumables and accessories; smartphones and augmented reality/virtual reality-powered wearables; and networking, enterprise server and storage, and security products, as well as software solutions, and licensing and subscription support services. It also offers cloud consulting, migration, DevOps, integration, and security products, as well as managed services; and develops, manufactures, and markets digital printing solutions comprising printing presses, proprietary consumables, and workflow. The company is also involved in the on demand part manufacturing business that consists of SLA, SLS, multi jet printing, color jet printing, vacuum casting, direct metal printing, metal die casting, CNC machines plastic and metals, and investment casting patterns; medical technologies and solar products distribution. In addition, it provides enterprise solutions and services, such as SOC and NOC services, converged network solutions, ICT and physical security solutions, and cloud services and solutions, as well as IT consulting, storage, data center, and virtualization solutions; and infrastructure managed services, including annual maintenance contracts, facility management services, managed print services, and IT outsourcing and helpdesk services. Further, the company offers spare part management; professional services comprising RBT and onsite repair, one time implementation projects, vendor managed support, and migrations and upgrades, as well as DOA validations, pats, and product screening; and logistics services. Redington (India) Limited was incorporated in 1961 and is based in Chennai, India.

Frequently asked questions

Redington India in the news

There are no recent company news
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