#REDINGTON must be in your Portfolio
Redington is a leading product distributor and provider of integrated technology and communications supply chain solutions in India and globally. It is the second largest distributor of IT products in India and is a leading distributor of products for over 200 global technology vendors. It also leverages its presence in the field of Repair and maintenance of technological developments and infrastructure.
Fundamentals
Growth Ratio
1. Profit Growth 5 Years: 22.6 %
2. Sales growth of 5 Years: 8.79 %
Profitability Ratio
1. Operating profit Margin: 2.89 %
2. Net Profit Margin: ₹ 1,402 Cr.
3. Return on Equity: 23.8 %
4. Return on Capital Employed: 29.3 %
Leverage Ratio
1. Debt to Equity Ratio: 0.14
2. Debt to Profit Ratio: 0.63
Management Efficiency Ratio
1. Inventory Turnover Ratio: 16.2
2. Working Capital: ₹ 6,060 Cr.
3. Debtors Days/Receivable days: 50.6
Valuation Ratio
1. Price to Book Value (PB Ratio): 2.12
2. Price to Earning Ratio (PE Ratio): 9.04
3. Price/Earning to Earning Growth (PEG): 0.40
Technicals
1. Good Volume
2. Confirmed UPTREND
3. The monthly RSI is Above 60
4. Daily ADX is above 20
ENTRY: Current Market Price
TARGET: Till Monthly Candle close below 21 Moving Average.
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