Key Metrics of Redington Limited
About Redington Limited
Sectors
Company details
- Registered office
- Block3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhu Thivakkam, Chennai, In-tn, 600091
- Listed
- NSE: REDINGTON · ₹357.15
Operational Areas of Redington Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Sep 2026 | ICRA | Reaffirmed | AA+ | A1+ | Stable | ₹4,900 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Leading market position in IT hardware distribution and mobility products in India, West Asia, Turkey and Africa
REDIL has a strong market position in the distribution of IT and mobility products across the geographies of its operations, namely Ind ia, West Asia, Turkey and Africa.
+ Strong financial profile, characterised by healthy revenue growth, comfortable gearing and robust cash balances
REDIL’s revenues grew at a CAGR of around 16% over the five -year period ended FY2026, supported by healthy growth across its Singapore, India and South Asia (SISA) and Rest of the World (RoW ) operations.
+ Tie-ups with leading vendors across IT, mobility, and electronics space
REDIL has over 450 vendors in the domestic and overseas markets.
+ Robust credit appraisal and recovery systems enable tight control over operations
REDIL has robust internal control and risk management systems that insulate its business from the possible risks of price movements and technological obsolescence, through contractual arrangements with vendors.
Credit challenges
− Low operating margins
Inherent to the distribution business, REDIL’s profitability remains modest.
− Exposure to geopolitical risks and susceptibility of revenues to key vendor performances
With a sizeable share of its business generated from overseas operations, REDIL remains exposed to geopolitical risks and macroeconomic conditions of these markets owing to its presence in countries with a history of political instability.
Could lead to an upgrade
The long-term rating could be upgraded if REDIL demonstrates sustained revenue growth, improvement in operating margins and efficient working capital management while maintaining low leverage and a strong
Could lead to a downgrade
Pressure on REDIL’s ratings could arise in the case of a sharp deterioration in its
Agency-reported financials (ICRA, 30 Sep 2026)
| Metric | FY2025 | FY2026 | Q1FY2027 |
|---|---|---|---|
| Operating income | ₹99,334 Cr | ₹1,19,162 Cr | ₹34,923 Cr |
| PAT | ₹1,821 Cr | ₹1,284 Cr | ₹454 Cr |
| OPBDIT/OI | 2.5% | 2.1% | 2.0% |
| PAT/OI | 1.8% | 1.1% | 1.3% |
| Total outside liabilities/ Net worth (times) | 2.00× | 2.20× | — |
| Total debt/OPBDIT (times) | 1.10× | 1.10× | — |
| Interest coverage (times) | 3.70× | 4.20× | — |
| Revenue growth (YoY) | — | 20.0% | — |
| EBITDA (margin × income) | ₹2,483 Cr | ₹2,502 Cr | ₹698 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹2,732 Cr | ₹2,753 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹671 Cr | ₹596 Cr | — |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Commercial paper | Commercial paper | ₹1,900 Cr | ₹1,900 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Fund-based – Cash credit | Working capital & bank lines | ₹841 Cr | ₹1,141 Cr | 35.7% | AA+ (Stable) | Reaffirmed | ICRA |
| Short-term – Fund Non-fund based facilities | Non-fund based limits | ₹1,855 Cr | ₹1,855 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Long-term Short-term – Unallocated facilities | Working capital & bank lines | ₹305 Cr | ₹4.50 Cr | −98.5% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE891D14C93 | Commercial Paper + | Commercial paper | 6.64% | 14 Aug 2026 | 12 Nov 2026 | ₹100 Cr | A1+ | Outstanding |
| INE891D14D01 | Commercial Paper + | Commercial paper | 6.64% | 14 Aug 2026 | 13 Nov 2026 | ₹200 Cr | A1+ | Outstanding |
| INE891D14D19 | Commercial Paper + | Commercial paper | 6.65% | 03 Sep 2026 | 03 Dec 2026 | ₹200 Cr | A1+ | Outstanding |
| INE891D14D27 | Commercial Paper + | Commercial paper | 6.30% | 10 Sep 2026 | 10 Dec 2026 | ₹200 Cr | A1+ | Outstanding |
| INE891D14C44 | Commercial Paper + | Commercial paper | 7.00% | 25 Jun 2026 | 24 Sep 2026 | ₹150 Cr | A1+ | Matured |
| INE891D14C51 | Commercial Paper + | Commercial paper | 7.00% | 25 Jun 2026 | 23 Sep 2026 | ₹200 Cr | A1+ | Matured |
| INE891D14C36 | Commercial Paper + | Commercial paper | 6.90% | 25 Jun 2026 | 22 Sep 2026 | ₹200 Cr | A1+ | Matured |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 70% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 70% chance the next rating action is stable or better
- Current rating AA+ (investment grade)
- Interest coverage 4.2×
- ₹4.5 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Liquidity position: Strong REDIL’s liquidity position is strong, with free cash and bank balance of Rs. 1,110.1 crore as of March 31, 2026, a buffer of over Rs. 4,000 crore in working capital limits as of July 2026 (standalone), and stable operating cash flows.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Redington Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Tata Passenger Electric Mobility Limited |
Courier, Express & Freight · Logistics & Supply Chain | ev.tatamotors.com | — | Mumbai, Maharashtra, India |
 Allcargo Logistics |
Courier, Express & Freight · Logistics & Supply Chain | allcargologistics.com | — | Mumbai, India |
| Quess Corp Limited | Discovered Companies · Other Industries | — | — | Bangalore, Karnataka, India |
| Courier, Express & Freight · Logistics & Supply Chain | concorindia.co.in | — | New Delhi, India | |
 Mahindra Logistics |
Courier, Express & Freight · Logistics & Supply Chain | mahindralogistics.com | — | Mumbai, India |
 Blue Dart Express |
Outlets operated by Blue Dart Express. | bluedart.com | 1983 | Mumbai, India |
 Transport Corporation of India |
Courier, Express & Freight · Logistics & Supply Chain | tcil.com | — | Secunderabad, India |
| MSTC Limited | Discovered Companies · Other Industries | — | — | Kolkata, West Bengal, India |
| Jitf Infralogistics Limited | Courier, Express & Freight · Logistics & Supply Chain | — | — | Chhattisgarh, India |
 VRL Logistics |
Courier, Express & Freight · Logistics & Supply Chain | vrlgroup.in | — | Hubli, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.