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5:40-42 - "If a man wants to sue you for your coat, let him have it and your overcoat as well. If anybody forces you to go a mile with him, do more - go two miles with him. Give to the man who asks anything from you, and don't turn away from the man who wants to borrow."

22 Jul 2015


Hi, Friends,    Redington (I) Ltd., commencing its Indian operations in 1993, is today positioned as the largest supply chain solution provider in emerging market.  As a group, Redington is present in India, Middle  East, Africa, Turkey, Srilanka, Bangladesh and CIS Countries.

Redington provide end-to-end supply chain solutions for all categories of information's Technology products (PCs, PC Building Blocks, Networking, Software and enterprise solution Products) and Consumer and Lifestyle Products (Telecom, Digitallife style products entertainment products and digital Printing Machines) to over hundred international Brands and relationship with major brands have been for years.

With its Corporate Office in Chennai, it has 56 sales locations.  Seventy owned service centers and 292 Partner Service Centers across India.  In addition through its subsidiaries both in India and Overseas, Redington has 78 sales offices, 104 warehouses and 109 own service centers and 310 partner centers.  A team comprising of over 2200 highly skilled and committed professionals, helps the company to deliver its products and services to  every corner of the country. The team is supported  by Robust IT & Communication Infrastructure connecting all the locations of the Company and a state of the art  ERP and e-commerce back-bone.  Redington has built its business on very strong ethical and commercial fundamentals which has not only helped it to consistently exceed the industry growth rate, but has enabled to firmly establish it as the “Partner of Choice”with most of its vendors and business partner.  A compounded annual growth rate of more than 50% over the past 20 years has enabled Redington generate a revenue of over Rs.12,021.38 doing fiscal 2014-2015 underlining the very strong foundation and prudent practices on which the Company’s business parties have been built.

The IT & Telecom Industry continues to witness increased intelligence & complexity in new generation products,  and in India , the Industry is now penetrating the small towns and villages very rapidly.  Taken together, these factors have made Pan-India after sales service vital, not just for the success of new product launches, but also fir the sustenance of growth of brands in the Indian Market, here  comes the name Redington (I) Ltd.They have also stepped in warehousing and logistics.  Its   expansion into Logistics Services has been enabled by the establishment of ADC and a foray               into 3rd party Logistics (3 PL).

FINANCIALS:- Equity Capital – 79.94 Cr., Share Price Rs.100-50,  Face Value of share Rs.2/-,  Listed the shares in BSE and  NSE dt. 15-02-2007,  Market Cap. Rs.4149.44,  PE – 22.81,  Book Value Rs.34.04,  Dividend – 95%,  Industry PE – 26.54,  EPS – 4.55, Dividend yield 1.83%,  Reserve excluding revaluation reserve 1280.63.  Total income in crore for the period from 2011-2015:  8322.73, 9840.40,  10409.67,  11256.62,  & 12021.38.  Net Profit in crore for the period from 2011 to 2015 :  128.44,  156.81,  171.37,  299.79 and 181.96.  Public Issue in February 2007, Shareholding Pattern on 31.3.2015:  Promoters – 13.33,  Mutual Fund – 12.64,  FIS/FPIS – 39.39,  Corporate Bodies – 5.89,  Indian Public – 2.63,  NRI/NRI Director/Foreign Nationals Investors – 26.06,  Others – 0.06.This is a very good share for long term investment. Share trading at PE 22.81 but industry PE is 26.54 , Try your luck

Thanking you,                                                       see you later.