Redington Ltd is a leading pan-Asia technology distributor and supply chain solutions provider, operating across India, the Middle East, Turkey, and Africa. Founded in 1993, the company distributes IT hardware, mobility devices, data center products, and consumer electronics from global brands like Apple, HP, Dell, and Samsung. With a strong logistics backbone—including automated distribution centers in Chennai, Kolkata, and Dubai—Redington has built a scalable, asset-light model that delivers consistent returns. Despite having zero promoter holding, it enjoys high institutional ownership (79% combined FII + DII), reflecting strong governance and market trust. This article provides a data-backed outlook on the Redington share price target 2026–2030.
Redington Ltd: Company Overview
- Founded: 1993
- Headquarters: Chennai, Tamil Nadu
- Key Segments: IT Distribution (70%), Mobility (20%), Data Center & Cloud Solutions (10%)
- Geographic Reach: India, the Middle East, Turkey, and Africa
- Business Model: Asset-light distribution with value-added services (logistics, financing, after-sales)
Redington benefits from India’s digital transformation, enterprise tech upgrades, and rising smartphone penetration. Its zero-promoter structure is unusual but has not hindered performance—professional management and institutional oversight ensure discipline.
Redington Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹252.80 |
| Market Capitalization | ₹19,767.17 Cr |
| No. of Shares Outstanding | 78.18 Cr |
| 52-Week High / Low | ₹335 / ₹177 |
| P/E Ratio (TTM) | 14.10 |
| P/B Ratio | 4.13 |
| EPS (TTM) | ₹17.93 |
| Book Value (TTM) | ₹61.29 |
| ROE | 35.17% |
| ROCE | 33.49% |
| Dividend Yield | 2.69% |
| Face Value | ₹2 |
| Cash | ₹89.33 Cr |
| Total Debt | ₹1,380.81 Cr |
| Debt-to-Equity | 0.29 |
| Sales Growth (YoY) | 18.62% |
| Profit Growth (YoY) | 33.53% |
| Promoter Holding | 0.00% |
Redington Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹270 – ₹300 |
| 2027 | ₹290 – ₹330 |
| 2028 | ₹310 – ₹360 |
| 2029 | ₹330 – ₹400 |
| 2030 | ₹350 – ₹430 |
Redington Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹270 | ₹300 |
Redington reported 33.53% YoY profit growth and 18.62% sales growth in FY2025, driven by strong demand in enterprise IT and mobility segments. Trading at a P/E of 14.1x—well below its 5-year average—and offering a 2.69% dividend yield, the stock appears fairly valued. With industry-leading ROCE (33.49%) and ROE (35.17%), it demonstrates exceptional capital efficiency. A 2026 target of ₹270–₹300 assumes continued execution and stable margins.
Redington Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹290 | ₹330 |
The company’s expansion into cloud, cybersecurity, and data center solutions offers higher-margin opportunities. If EPS reaches ₹20–₹21.50 by FY27 and P/E expands to 14.5–15x (justified by ROCE >30%), the 2027 range of ₹290–₹330 is realistic.
Redington Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹310 | ₹360 |
By 2028, benefits from digital infrastructure spending and vendor diversification should support profitability. Assuming EPS of ₹21.50–₹23 and P/E of 14.5–15.5x, the ₹310–₹360 band is justified.
Redington Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹330 | ₹400 |
Long-term tailwinds include India’s $300B+ IT market and Africa’s tech adoption. Risks include margin pressure from competition and forex volatility. Using a P/E of 15–16x on projected EPS (~₹22–₹25), the 2029 target is ₹330–₹400.
Redington Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹350 | ₹430 |
Over a five-year horizon, Redington’s value lies in its irreplaceable distribution network and capital efficiency—not explosive growth. A terminal P/E of 15.5–16.5x on FY30 EPS (~₹22.50–₹26) supports the ₹350–₹430 range.
Redington Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Foreign Institutional Investors (FII) | 61.94% |
| Domestic Institutional Investors (DII) | 17.33% |
| Public & Retail | 20.73% |
| Promoters | 0.00% |
| Others | 0.00% |
High institutional ownership (79.27%) reflects confidence in governance and scalability—despite zero promoter stake.
Redington Ltd: Strengths vs Risks
Strengths:
- Exceptional ROCE (33.49%) and ROE (35.17%)—among the highest in Indian equities
- Consistent dividend payer (2.69% yield; ~38% payout ratio)
- Strong presence in high-growth markets (India, Africa, Middle East)
- Asset-light, working-capital-efficient model
Risks:
- Zero promoter holding may concern some investors (though mitigated by institutional control)
- Low operating margins (~2%) are typical of a distribution business
- Exposure to forex and vendor concentration risks
- P/B of 4.13x leaves a limited margin for error
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Moderate (mid-cap distribution stock) |
| Dividend/Income Potential | Yes (2.69% yield + consistent payouts) |
| Best For | Quality-focused investors seeking tech distribution exposure with high returns |
Final Verdict
Redington Ltd is a rare example of a promoter-less company delivering world-class returns. Its capital efficiency, dividend consistency, and strategic role in tech distribution make it a compelling long-term holding. Our Redington share price target 2026–2030 (₹270 to ₹430) reflects steady appreciation driven by return ratios—not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Redington Consolidated Page (FY2025 + TTM)
- Finology Ticker – REDINGTON Financial Ratios & Valuation
- Redington Investor Presentation (Q2 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Ministry of Electronics & IT – India Digital Economy Report 2025
