Best / Ideal Buy ₹210 – ₹220 Near strong support, maximum margin of safety
Good Buy ₹220 – ₹235 Current range, still attractive
TARGETS : --------
Short Term (3–6 months)₹270 – ₹290~15–23%
Medium Term (6–12 months)₹308 – ₹323~30–37%
Bull Case (12–18 months)₹335+~42%+
POSITIVES :-
1. Record Revenue in FY26
Redington delivered a record FY26 revenue of ₹1,19,347 crore — a 20% YoY growth — and Q4 alone saw 25% YoY revenue growth, its highest ever quarterly revenue.
2. India Business on Fire
India revenue grew 50% and net profit grew 41% in Q4 FY26, fuelled by PC demand, large enterprise deals, premiumisation in mobility, and continued cloud and cybersecurity momentum.
3. Shifting to Higher-Value Business
Redington is evolving from a traditional distributor into a technology solutions orchestrator, with cloud, security, software, and AI-driven deployments becoming central growth engines.
4. Software Solutions Surging
The Software Solutions Group achieved a remarkable 40% growth in Q3 FY26, reflecting strong traction in high-margin digital services.
5. 300+ Brand Partnerships
Redington distributes for Apple, HP, Dell, Lenovo, Samsung, and 300+ global technology brands across India, Middle East, Africa, and Southeast Asia — giving it massive scale and diversification.
6. Strong Fundamentals & Low Debt
Net sales have grown at 15.82% annually and operating profit at 17.22% over the long term. The debt-to-equity ratio is just 0.09x, and ROCE stands at an impressive 32.56%.
7. PLI Scheme Tailwind
PLI scheme benefits are expected to flow through in FY27, a key growth driver analysts highlight in their bullish outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.