Distributes technology products across hardware, software, cloud, security, and mobility categories through two geographic segments — SISA and ROW. In FY26, the SISA segment contributed ₹65,033.44 crore (54.6% of segment revenue) with EBIT of ₹1,434.15 crore, while ROW brought ₹54,181.85 crore (45.4%) with EBIT of ₹773.91 crore. The software distribution arm (Software Solutions Group) hosts an AI Exchange platform listing 450+ pre-validated AI agents, and runs on a recurring-revenue model currently at 74% mix. Margins are thin — EBITDA margin of 1.9% in FY26 — reflecting a distribution model where employee costs (1.4% of revenue) and other operating expenses (1.7% of revenue) are the disclosed cost lines. The company holds Microsoft's Frontier Distributor designation within the AI Cloud Partner Program and a multi-year AWS strategic collaboration, and signed a 5-year distribution partnership with Resulticks in July 2026. Q1 FY27 saw record quarterly revenue of ₹34,966 crore, up 34% YoY, with PAT up 77% to ₹486 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. SISA segment (55%), ROW segment (45%). Asset-light technology distribution with very thin margins
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 62,644 | 79,377 | 89,346 | 99,334 | 1,19,162 |
| EBITDA (ex other income) | 1,792 | 2,119 | 1,877 | 2,655 | 2,077 |
| margin % | 2.9 | 2.7 | 2.1 | 2.7 | 1.7 |
| Owners' profit | 1,280 | 1,393 | 1,219 | 1,605 | 1,490 |
| EPS, as reported (₹) | 16.40 | 17.82 | 15.59 | 20.53 | 19.06 |
| ROE % · ROCE % | 21.5 · 26.7 | 19.7 · 27.5 | 15.8 · 23.9 | 19.8 · 27.9 | 12.3 · 19.0 |
| Debt / equity (x) | 0.10 | 0.43 | 0.36 | 0.28 | 0.25 |
| Cash from operations | 989 | (3,234) | 1,079 | 293 | 231 |
| Capex | (118) | (157) | (104) | (136) | (157) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24,896 | 26,716 | 26,440 | 25,952 | 29,076 | 30,922 | 33,213 | 34,922 |
| Profit before tax | 381 | 513 | 1,148 | 304 | 460 | 538 | 395 | 611 |
| Net profit | 283 | 403 | 918 | 233 | 350 | 413 | 288 | 453 |
| EPS (₹) | 3.75 | 5.12 | 8.51 | 3.52 | 4.96 | 5.57 | 5.01 | 6.22 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| SISA | 65,033 | 54.6 |
| ROW | 54,182 | 45.4 |
| Total, before eliminations | 1,19,215 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED ◆ | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Redington partners with Siemens to distribute industrial software across six African markets | compliance | medium | — | — |
| 9 Sept 2026 · Redington reschedules investor meet to Sept 11 in London | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Redington to hold investor meetings in London on Sept 9 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Redington to attend Ambit Capital investor conference in Singapore on 17 Aug | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Redington to attend Avendus Spark investor conference in Hong Kong on Aug 12 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Redington Q1 FY27 revenue up 34 percent, PAT jumps 77 percent YoY | investor communications | medium | — | — |
| 3 Aug 2026 · FMR LLC & FIL raise stake in Redington to 8.46% via open market | ownership changes | medium | — | — |
| 31 Jul 2026 · Redington 33rd AGM: All 6 resolutions passed, final dividend declared | compliance | minimal | — | — |
| 30 Jul 2026 · Redington Q1FY27 Investor Data Book with quarterly metrics | investor communications | medium | — | — |
| 30 Jul 2026 · Q1 FY27 Earnings Call Audio Recording Shared | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 19.9 |
| 18.3 |
| 21.6 |
| (83.7) |
| 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| CREATIVE NEWTECH LIMITED | 1,682 | 25.8 | 4.34 | 19.2 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.1 | 14.7 | 89 of 161 | 45% |
| P/B | 3.0 | 1.1 | 108 of 145 | 26% |
| ROCE | 15.7 | 2.0 | 25 of 184 | 87% |
| ROE | 12.3 | 2.3 | 30 of 174 | 83% |
| Debt / Equity | 0.3 | 0.0 | 124 of 175 | 29% |
| EBITDA margin | 2.1 | 4.5 | 90 of 137 | 35% |
| Revenue growth | 34.6 | (8.6) | 38 of 135 | 72% |
| Profit growth | 94.7 | 0.6 | 51 of 157 | 68% |
| Market cap | 30817 | 25 | 1 of 174 | 100% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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