Redington (India) Ltd (Redington) is engaged in providing supply chain infrastructure management and management information system solutions. The company offers non-banking financial services and after sales service to its customers through its subsidiaries.The company distributes a range of IT products, such as networking, storage, and enterprise products, as well as servers and software solutions. It also distributes non IT related products, which include digital life style, digital printing, and consumer electronics products. In addition, the company provides infrastructure management, remote service management, facility management outsourcing, and third party logistics services; and repair services for mobile phones, mother boards, and liquid crystal display panels. The company operates and distributes its services across Asia Pacific, the Middle East and Africa. The company through its 29 subsidiaries, distributes products to manufacturers, and provides services to various channel partners in India and worldwide. Redington is headquartered at Chennai in Tamil Nadu, India.

 

 

BSE Code	532805
Book Value (Rs.)	19.37
Market Cap (Rs Mn)	35279.6
CMP	87

 

 

 

Years	Mar2010	Mar2009	Mar2008	Mar2007	Mar2006
Debt-EquityRatio	0.52	0.46	0.52	0.57	0.46
Long Term Debt-Equity Ratio	0.52	0.46	0.23	0	0.09
Current Ratio	1.86	2.02	1.62	1.36	1.55
Fixed Assets	105.49	115.46	113.1	102.21	103.2
Inventory	18.54	21.09	19.37	19.96	27.04
Debtors	9.75	11.3	12.05	10.79	12.35
Interest Cover Ratio	5.64	3.77	3.55	2.85	2.99
PBIDTM(%)	3.13	2.87	2.57	2.22	1.92
PBITM(%)	2.89	2.79	2.5	2.14	1.84
PBDTM(%)	2.61	2.13	1.86	1.47	1.31
CPM(%)	1.78	1.41	1.23	0.97	0.87
APATM(%)	1.54	1.33	1.16	0.9	0.79
ROCE(%)	19.04	19.6	17.23	14.24	13.67
RONW(%)	15.42	13.63	12.15	9.4	8.52

 

Chairman	J. Ramachandran
Managing Director	R Srinivasan

 

   Professor J. Ramachandran is a professor of business strategies at the Indian Institute of Management, Bangalore. Professor Ramachandran is the Chairman of our Board and carries rich experience in corporate management, acting as an independent director for several well-known Indian companies, including Reliance Infocomm Limited, Reliance Communication Ventures Limited, Sasken Communication Technologies Limited and Indus League Clothing Limited.

 

 

 

 

   Brokerage houses remain positive on medium to long term growth prospects due to increase share of higher margin non IT business like mobile phones and consumer durables.
Redington India is working closely with Nokia, Blackberry, LG, Whirlpool, Godrej Consumer.

 

 

Source:

 

 

Link to Audited Report:
http://www.monarchproject.com/CorporateInfo/Auditor-Report/12586/12586

 

Link to Kotak Research report:
http://www.business-standard.com/content/research_pdf/redington_271010_01.pdf

 

DNA Money article:
http://www.dnaindia.com/money/report_rising-it-spend-ipad-smartphone-sales-lifting-redington-fortunes_1538418

 

 

Registered Office Address	SPL Guindy House 95, Mount Road Guindy Chennai Tamil Nadu-600 032
PHONE	(044) 4224 3352/ 53
FAX	(044) 2235 2790

 

 

 

 

(requesting Moderator to move this thread to Stock Sypnosis section)

 

 

I am not invested in this scrip.but I have just initiated a discussion on this.Expecting support from other members for analysing this scrip.