Regington, established in 1993, is a distributor of IT products. It has evolved as a distributor and supply chain operator across various verticals such as artificial intelligence, robotics, data analytics, etc., and holds a significant position in more than 38 emerging markets. The company owns more than 290 international brands and 200 warehouses worldwide.
On 21 January 2023, the market capitalisation of the company was Rs 14,601.67 crore. It reported consolidated sales of Rs 27,018 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532805 and the National Stock Exchange with the code REDINGTON.
The promoters of Redington India currently hold approximately 0% of the company. The foreign institutional investors’ investment in the company amounts to 36.65%. Various mutual funds hold around 11.8% of the company. The total public stake in the company is approximately 46.7%. The stake of the public has grown steadily over the past year (Since September 2021).
J Ramachandran is the chairman of the company and a whole-time director, and S V Krishnan is the CFO and director. Rajiv Srivastava, Anita P Belani, B Ramaratnam, Chen Yi-Ju, Keith WF Bradley, Tu Shu-Chyuan, and V S Hariharan are the other directors of the company. BSR & Co. LLP are the auditors of Redington India. As of December 2023, the company had around 78 crore shares outstanding.
On 21 January 2023, Redington Limited’s share price on NSE was Rs 186.60 and Rs 187.20 on BSE. The share price touched a 52-week high of Rs 202.30 and a 52-week low of Rs 109.40. Its three-month return to investors was 36.9%, while its one-year return was 14.2%.
As of November 2022, HDFC Mid-Cap Opportunities Direct-Plan Growth has invested Rs 641.15 crore in the company. Other prominent mutual funds with investments in Redington Limited include HDFC Hybrid Equity Direct-G, with an investment of Rs 293.15 crore, and HDFC Small Cap Direct-G, with an investment of Rs 251.6 crore in the company.
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Redington share price as on 30 Jun 2024 is Rs. 214.22. Over the past 6 months, the Redington share price has increased by 21.72% and in the last one year, it has increased by 14.1%. The 52-week low for Redington share price was Rs. 136.2 and 52-week high was Rs. 237.55.
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