Equity / Stocks - Redington India in MARKETS - CMP: 84
Redington (India) Limited is a supply chain solution provider. The Company distributes information technology (IT) products and mobile ...
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02-13-2012 07:29 PM
Redington India
CMP: 84
Redington (India) Limited is a supply chain solution provider. The Company distributes information technology (IT) products and mobile handsets and accessories and provides logistics, supply chain management and other support services.
Redington is a decent bet in mid-cap space. Its currently trading at a P/E of 22 with dividend yields of over 1% in the last 12 months. It runs at a debt of 515 Crores with 148 Crores cash in hand. Revenues have increased steadily from 4712 Crores to 8322 Crores in the last 5 years. Profits have risen from 42 Crores to 128 Crores in the last 5 years. NPM has doubled from less than 1% to 1.50% in the last 5 years. Buy and book profits when Nifty peaks.
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