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Join NowRedington Limited is one of India’s largest IT and technology distributors, connecting global tech brands like Apple, HP, Dell, and Microsoft with local retailers and businesses across Asia, the Middle East, and Africa. Founded in 1993 and headquartered in Chennai, Redington operates in IT hardware, mobility, and cloud solutions—making it a key player in the digital transformation space. In FY25, the company reported solid financial growth, driven by strong demand for Apple products and cloud services. With nearly debt-free operations, efficient management, and expanding global presence, Redington has become a steady compounder in India’s tech sector. In this article, we’ll explore Redington’s business model, financials, growth drivers, risks, and share price targets for 2026, 2027, 2028, 2030, 2040, and 2050, along with FAQs about its valuation, Apple partnership, and long-term potential.
Table of Contents
Redington Limited, founded in 1993, is a Chennai-based global IT and mobility distribution company. It acts as the vital link between technology manufacturers and consumers, ensuring a smooth supply of hardware, software, mobility, and cloud products to over 37 countries.
For investors, Redington stands out for its consistent profitability, strong return ratios, and minimal debt levels. As India and emerging markets continue adopting digital solutions, Redington’s strategic partnerships and focus on cloud growth make it a strong mid-cap opportunity.
Company Overview
| Metric | Details |
|---|---|
| Founded | 1993 |
| Headquarters | Chennai, India |
| Chairman | R. Srinivasan |
| MD & CEO | V. Krishnakumar |
| Industry | IT Distribution & Services |
| Global Presence | 37 countries |
| Key Brands | Apple, HP, Dell, Microsoft, Lenovo, Acer |
Core Business Segments:
- IT Distribution: Laptops, servers, software, and networking products.
- Mobility: Smartphones, tablets, and accessories.
- Cloud & Digital Services: SaaS, infrastructure, cybersecurity, and AI tools.
- Enterprise Solutions: End-to-end IT infrastructure and consulting services.
Redington Financial Snapshot (FY25)
| Metric | FY25 Data |
|---|---|
| Revenue | ₹99,562 crore |
| Net Profit | ₹1,340 crore |
| Market Cap | ₹19,800 crore (approx.) |
| P/E Ratio (TTM) | 14.1 |
| P/B Ratio | 2.8 |
| ROE | 20.8% |
| Dividend Yield | 2.1% |
| Debt-to-Equity | 0.05 (virtually debt-free) |
| Face Value | ₹2 |
| Operating Margin | 3.1% |
Redington’s FY25 results reflect a strong top-line performance and a resilient profit margin despite global supply challenges. Its asset-light model and focus on high-margin cloud business are boosting earnings quality.
Redington Share Price Target Forecast
| Year | Bear Case | Base Case | Bull Case | Key Assumptions |
|---|---|---|---|---|
| 2026 | ₹260 | ₹320 | ₹370 | Continued revenue growth and stable margins |
| 2027 | ₹290 | ₹360 | ₹430 | Cloud expansion and strong Apple sales |
| 2028 | ₹330 | ₹410 | ₹520 | Growth in enterprise and AI-driven segments |
| 2030 | ₹400 | ₹520 | ₹680 | Diversified digital services and global scale |
| 2040 | ₹750 | ₹1,100 | ₹1,600 | Leadership in IT distribution and cloud ecosystems |
| 2050 | ₹1,300 | ₹2,000 | ₹2,800 | Long-term compounding and recurring revenue streams |
Key Growth Drivers
- Expanding Apple product sales in India and emerging markets.
- Strong momentum in cloud and enterprise solutions.
- Geographic diversification across 37 countries reduces risk.
- Focus on AI, cybersecurity, and software-driven solutions.
- Low debt, efficient cash flow, and consistent dividend payouts.
Risks and Challenges
- Low operating margins are inherent to distribution businesses.
- Currency and supply chain risks from global operations.
- Dependence on major brand contracts like Apple and HP.
- Competitive pressure from other distributors and direct OEM channels.
Year-Wise Analysis
Redington Share Price Target 2026
| Metric | Value |
|---|---|
| Estimated Price Range | ₹260 – ₹370 |
| EPS Growth | 10–12% |
| P/E Range | 13–15 |
| Dividend Yield | ~2% |
| Outlook | Stable expansion driven by Apple and enterprise demand. |
Redington Share Price Target 2027
| Metric | Value |
|---|---|
| Estimated Price Range | ₹290 – ₹430 |
| EPS Growth | 11–13% |
| P/E Range | 14–16 |
| Dividend Yield | ~2.1% |
| Outlook | Strength from software, services, and mobility segments. |
Redington Share Price Target 2028
| Metric | Value |
|---|---|
| Estimated Price Range | ₹330 – ₹520 |
| EPS Growth | 12–14% |
| P/E Range | 14–17 |
| Dividend Yield | ~2.2% |
| Outlook | Boost from high-margin cloud and SaaS business. |
Redington Share Price Target 2030
| Metric | Value |
|---|---|
| Estimated Price Range | ₹400 – ₹680 |
| EPS Growth | 13–15% CAGR |
| P/E Range | 15–18 |
| Dividend Yield | ~2.3% |
| Outlook | Sustained global growth and strong digital transformation trend. |
Redington Share Price Target 2040
| Metric | Value |
|---|---|
| Estimated Price Range | ₹750 – ₹1,600 |
| EPS Growth | 9–11% CAGR |
| P/E Range | 16–20 |
| Dividend Yield | ~2.5% |
| Outlook | Evolved into a global tech distributor with diverse revenue streams. |
Redington Share Price Target 2050
| Metric | Value |
|---|---|
| Estimated Price Range | ₹1,300 – ₹2,800 |
| EPS Growth | 8–10% CAGR |
| P/E Range | 18–22 |
| Dividend Yield | ~2.8% |
| Outlook | Full-scale digital ecosystem provider with long-term stability. |
FAQs
1. What is the main business of Redington?
Redington distributes IT hardware, software, cloud, and mobility products from top global brands like Apple, HP, and Dell across India, Asia, and Africa.
2. Is Redington overvalued?
No. With a P/E of about 14 and an ROE above 20%, Redington’s valuation remains reasonable relative to its earnings growth and profitability.
3. What is the future of Redington share?
The company’s future looks promising, driven by its expansion in cloud, cybersecurity, and enterprise solutions, which offer higher margins than hardware distribution.
4. Is Redington an Apple distributor?
Yes. Redington is one of Apple’s official distributors in India and several other countries, handling iPhones, Macs, and accessories.
5. Is Redington a good company?
Yes. It’s financially strong, efficiently managed, and consistently profitable, with steady dividends and a low debt structure.
6. Is Redington a debt-free company?
Almost. With a debt-to-equity ratio of 0.05, Redington is virtually debt-free.
7. What are Redington’s future plans?
The company aims to strengthen its cloud, AI, and digital transformation offerings, expand partnerships, and explore new markets in Africa and Asia-Pacific.
Conclusion
Redington Limited has evolved from a hardware distributor into a comprehensive digital and technology solutions provider. Its partnerships with major brands, consistent financial performance, and focus on emerging digital technologies make it a strong candidate for long-term investors.
While margins remain modest, Redington’s scalability, efficiency, and innovation-driven growth ensure steady returns for patient investors.
Disclaimer: The share price targets and projections in this article are for educational purposes only and not investment advice. Always research and consult a financial expert before investing.
