Overall Fundamental outlook

Business Operations:

Sector: Technology
Industry: Information Technology Services

Redington Limited provides supply chain solutions in India and internationally. It offers hyperconverged infrastructure, enterprise storage, all-flash, storage visualization, and fault tolerant solutions; enterprise networking and WAN solutions; AI and automation, software applications, security, digital printing, data and analytics, infrastructure, 3D printing, network modernization, cyber security, solar, gaming, AE and VR, home automation, wearables, and displays; and next-gen firewall, web application firewall, secure access service edge, endpoint security, and identity and access management solutions. The company also engages in the distribution of information technology, mobility, and other technology products comprising laptops, tablets, servers, software, notebooks, workstations, networking, power supply, desktops, accessories, components, and smart lighting products. In addition, it offers technology services comprising consulting as a service, training as a service, infrastructure transformation, software consulting, virtualization and application delivery, networking, cybersecurity, and cloud services; and logistics services, such as warehousing, reverse logistics, in plant logistics and project management, supply chain consulting, ecommerce, mission-critical, and transportation services. Further, the company provides supply chain management, sourcing and procurement, sales and lead generation, and finance and accounting services; and financial services comprising channel financing, project financing, leasing, credit card-based financing, and but now and pay later services, as well as cloud consulting, managed, and security solutions. It serves healthcare, finance, print services providers, hospitality, manufacturing, education, government, retail, and IT/ITes industries. The company was formerly known as Redington (India) Limited and changed its name to Redington Limited. Redington Limited was incorporated in 1961 and is headquartered in Chennai, India.

Revenue projections:

Revenue projections for REDINGTON
Revenue projections for REDINGTON

With REDINGTON's revenues expected to fall below the previous year's, investors are likely to approach the stock with caution. Declining revenues can negatively affect profitability, which makes it harder for the company to maintain investor confidence and perform well in the market.

Financial Ratios:

currentRatio 1.413000
forwardPE 10.439855
debtToEquity 27.260000
earningsGrowth -0.411000
revenueGrowth 0.251000
grossMargins 0.049150
operatingMargins 0.016980
trailingEps 19.050000
forwardEps 27.433330

Redington Limited's current ratio is 1.413, signaling that the company has sufficient cash reserves and current assets to cover its short-term debt obligations. This suggests financial stability, as Redington Limited should not face any issues meeting its short-term liabilities with available resources.
REDINGTON's Forward PE is positioned well, reflecting a favorable balance between stock price and earnings. The stock isn't overpriced, offering room for growth and making it a potentially rewarding investment as its value has room to rise further.
Redington Limited's low Debt-to-Equity ratio indicates the company is not over-leveraged. This suggests a balanced financial structure with limited reliance on debt, which reduces financial risk and enhances its stability, making Redington Limited's financial position more secure and appealing to investors.
With both earnings and revenue growth in low territory, REDINGTON is likely to see shrinking profits. This signals a possible downturn in the company's financial health and may raise concerns about its future profitability.
Redington Limited's negative gross and operating margins suggest that the company is struggling to cover its production and operating costs, leading to losses. This reflects a weakened financial state and potential difficulties in sustaining profitability.
With a forward EPS greater than its trailing EPS, REDINGTON is expected to see higher profitability this year. The forecasted increase in earnings reflects optimism about the company's financial growth and potential for improved performance over the prior year.

Price projections:

Price projections for REDINGTON
Price projections for REDINGTON

The price of REDINGTON has consistently been close to the lower limit of expectations. This trend may point to challenges in the company's performance, leading to concerns about its future growth potential.

Recommendation changes over time:

Recommendations trend for REDINGTON
Recommendations trend for REDINGTON


Analysts' recent buy bias toward REDINGTON suggests the stock is gaining favor as a strong investment choice. This optimism could drive more investors to see REDINGTON as a smart place to invest, further bolstering confidence in the company's long-term growth and potential returns.