Home MarketRedington (India) Ltd.

Redington (India) Ltd. Stock Info: As on 2017-08-18 10:09:54

Nse

148.30

-0.70(-0.47%)
Change%
52 Week Range
82.05
9.00
156.95
2.00
Open148.30
Day's Range119.20 - 178.80
Value Traded (in ₹ Cr.) 0.24

Bse

148.45

0.35(0.24%)
Change %
52 Week Range
79.70
9.00
155.35
5.00
Open147.80
Day's Range118.48 - 177.72
Value Traded (in ₹ Cr.) 0.05

Stock Exchange

Category No. Of Shares Share %
ForeignPromoters 32,777,599.00 8.20%
IndianPromoters 0.00 0.00%
Mutual Funds/UTI 56,943,937.00 14.24%
FII 108,012,136.00 27.01%
Employee 0.00 0.00%
Public 6,824,775.00 1.71%
Government 0.00 0.00%
Others 152,114,472.00 38.04%
More

Key Statistics

Valuation Measures
Market Cap / Sales Ratio 0.36
Basic EPS (Rs.) 4.73
Cash EPS 4.98
BVPerShare Excl 35.98
Operating Revenue 316.12
PBDITPerShare 9.44
Dividend 2.10
NPPerShare 4.72
Current Ratio 1.27
Quick Ratio 0.66
PriceToBV 3.17
Earnings 0.04
PBDIT Margin 2.98
PBT Margin 2.26
NP Margin 1.49
Return On Assets 4.83
Retention Ratios 55.55
Parameter Mar-16 (₹ Cr.) Yoy%change
Total Income 12,675.88
Total Expenses 12,390.24
EBITDA 377.43
PBT 285.64
PAT 188.90
Net Income 188.90
More
Parameter Mar-16 (₹ Cr.) 6M % change
Total Income 6,725.78
Total Expenses 6,533.47
EBITDA 187.23
PBT 145.29
PAT 94.10
Net Income 0.00
More
Total Assets
Total Assets
Parameter Mar-16 (₹ Cr.) Yoy%change
Total share capital 79.96
Net worth 1,438.73
Investments 593.84
Total Liability 3,906.83
Total debt 477.52
Net block 105.18
Total Assets 3,906.83
Parameter Mar-16 (₹ Cr.) 6M % change
Total share capital 79.96
Net worth 1,438.73
Investments 593.84
Total Liability 3,906.83
Total debt 477.52
Net block 105.18
Total Assets 3,906.83
Company Curr Price Prev. Close Change% W's Low/High

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Parameter Mar-16(in ₹ Cr.)
Cash from operating activities 29.19
Cash from investing activities -53.69
Cash from financing activities 48.44
Net change in cash 25.74

Stock Held By Mutual Fund Schemes

Scheme Holding (%)
HDFC Mid-Cap Opportunities Fund - Regular Plan 1.40%
SBI Magnum Global Fund 2.98%
HDFC Balanced Fund - Regular Plan 0.67%
SBI Magnum Balanced Fund 0.42%
SBI Contra Fund 2.45%
Reliance Mid & Small Cap Fund 1.26%

Moody's downgrades ICICI's future bond sale via Bahrain branch

Ratings agency Moody's today downgraded ratings on ICICI Bank's future bond issuance through its Bahrain branch under the medium term notes (MTN) programme, but retained the ratings on its existing bonds, reported PTI. We have downgraded the provisional ratings on forex currency senior unsecured MTN programme of the bank's Bahrain branch to Ba2 from Baa3, because the forex bond ceiling for Bahrain is now at Ba2, Moody's said in a note. At the same time, we've retained the Baa3 ratings on its forex senior unsecured outstanding debt raised through this branch, Moody's added. When contacted, the bank said the rating action is linked with Bahrain's sovereign rating, and not with ICICI Bank. The rating of the bonds, which have already been issued out of our Bahrain branch, has been reaffirmed. Downgrading of Bahrain's rating would mean that any future bond issuance out of our Bahrain branch would carry a lower rating. We do not intend to make any such issuances, the bank said in a statement. Moody's also downgraded the branch's counterparty risk assessment to Ba1(cr)/not prime (cr) from Baa3(cr)/P-3 (cr), apart from downgrading the local currency country risk ceiling for Bahrain to Ba1. The downgrading of the provisional ratings on the foreign currency senior unsecured MTN programme for the Bahrain branch to Ba2 is solely on account of the forex bond ceiling of Bahrain, which was downgraded to Ba2, it said. Similarly, the downgrading of the branch's CRA is solely on account of the local currency country risk ceilings of Bahrain, which is also downgraded to Ba1. All other ratings under the MTN programme of the bank remain unchanged, Moody's said, adding the outlook on all ratings is stable. On the ratings rationale, the agency said it affirms the ratings on the outstanding forex senior unsecured bonds issued by the Bahrain branch under the MTN programme at Baa3, on the basis of an unconditional standby letter of credit on these outstanding bonds through ICICI's Dubai branch. The features of the standby letter of credit satisfy the key criteria required to achieve full credit substitution. Consequently, ratings of these instruments are in line with Baa3 forex senior unsecured ratings of Dubai branch, it said. It also affirmed the forex senior unsecured debt rating of the Bahrain branch as the only bonds outstanding are those covered by the standby letter of credit.

18-08-2017 00:47

Usha Martin Education appoints two independent directors

Usha Martin Education & Solutions, engaged in educational support services, on Thursday said Manoj Kumar Vijay and Nitin Sharma have been appointed as the independent and non-executive directors of the company with effective from August 17, 2017. “Manoj Kumar Vijay and Nitin Sharma have been appointed as the Independent and Non-Executive Directors of the Company w.e.f 17th August, 2017,” said Usha Martin Education & Solutions in a filing to the Bombay Stock Exchange. Meanwhile, shares of company closed day’s trade at Rs 2.16 apiece, down 4.85 per cent, on the Bombay Stock Exchange.

17-08-2017 17:38

Infosys board to consider Rs 13,000 cr share buyback on Aug 19

The board of Infosys, India's second largest software services firm, will meet on August 19 to consider a Rs 13,000-crore share buyback proposal. The share buyback -- which will be the first in the company's 36-year history -- has been a long standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders. Bowing to the demand, the Bengaluru-based company had in April announced that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback. The IT firm had recently adopted a new Articles of Association that included a provision for buyback. ...The Board of Directors of Infosys Ltd will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 19, 2017, Infosys said in a regulatory filing late last night. It added that the outcome of the board meeting will be disseminated to the stock exchanges after the conclusion of the meeting. The company, however, did not outline the details of the proposed share buyback in the regulatory intimation. Meanwhile, shares of the company closed trading at Rs 1021.15 apiece, up 4.54 per cent from the previous close on BSE.

17-08-2017 17:21

Axis Bank launches new home loan product

Aiming to ramp up its mortgage book volumes and expecting better credit behaviour, Axis Bank today launched a home loan product that entails waiving off a few EMIs during the course of a loan, reported PTI. The third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan. This means that if a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off, which the bank claimed will help save Rs 3.09 lakh on a Rs 30-lakh loan. The waivers will be applicable for loans of up to Rs 30 lakh and will be given in the form of reduction in loan tenures, it said, adding that the interest rate stays the same at 8.35 per cent. When asked if it will impact the net interest margin as the total tenure is coming down, executive director Rajiv Anand said the bank will benefit from better credit behaviour and longevity of a loan as pre-payments will be less. But a single missed EMI will disqualify the borrower from getting the benefit, while on the longevity front, the incentives can help reduce prepayments, he said. Asked if this would qualify as a 'teaser loan' about which the regulator has had many concerns in the past, a senior bank official replied in the negative, saying there is no differential rates of interest applied here, which is the typical hallmark of a teaser loan. The bank already has a special product for the affordable housing segment called 'Asha', while the new product is christened 'Shubh Arambh', the official said, adding the former is aimed at the lower income group (of loans up to Rs 25 lakh). At present, Asha loans account for around 5 per cent of its mortgage book, Anand said. As of June, home loans constituted a whopping 44 per cent of the Rs 1.68 trillion retail portfolio of the bank. The new product is aimed at first-time home buyers but can be availed of by those switching lenders as well, Anand said.

17-08-2017 17:01

Cambridge Technology appraised at CMMI Level 5

Cambridge Technology, a leading global technology company, on Wednesday said that it has been appraised at Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI) v1.3 for its services. The appraisal was performed by QAI Consulting. CMMI is a capability improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes. In order for CT to build a practice that is innovative, it has laid the foundation of a self-learning organization and as part of that CT is continually proud to be one of the ~30 companies appraised at this level for services in India. CT is also one of the few organizations in the world with 100 percent AWS certified Cloud Operations Centre with proven experience of over 10 million instance management hours. “In the past, CT has been appraised at CMM Level 5 v1.1, CMMI Level 5 v1.2, CMMI L5 v1.3 for development and maintenance projects and maintaining this highest level in CMMI for its services,” said Cambridge Technology in a filing to the Bombay Stock Exchange. In acknowledgment of the achievement, Aashish Kalra, Chairman of CT, commented, “CT achieves a milestone to become a self-learning and innovating organization and being appraised at the highest level of CMMI for our services demonstrates our focus and commitment towards continuous process maturity, innovation and delivering value to our customers. We are continually proud to maintain the highest standards of software quality & engineering in our organization and be part of a select group of global companies appraised at the highest level.”

16-08-2017 16:36

Redington (India) Lt - Analysts/Institutional Investor Meet/Con. Call Updates

Redington (India) Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates

01-Aug-2017 12:52 PM

Redington (India) Lt - Updates

This has reference to our letter dated 19th July 2017 intimating the details of Investor/Analyst call on the Unaudited Financial Results for the quarter ended 30th June 2017 scheduled on 27th July 2017.

In this regard, we are enclosing herewith the transcript of Conference Call hosted on 27th July 2017. The same is also available in the Company's website www.redingtonindia.com.

01-Aug-2017 12:51 PM

Redington (India) Lt - Updates

Redington (India) Limited has informed the Exchange regarding Declassification of Harrow Investment Holding Limited as promoter of the Company.

31-Jul-2017 08:30 AM

Redington (India) Lt - Shareholders meeting

Redington (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 28, 2017. Further, the company has informed the Exchange regarding voting results.

30-Jul-2017 01:53 PM

Redington (India) Lt - Updates

Redington (India) Limited has informed the Exchange regarding appointment of Auditors

28-Jul-2017 06:43 PM

Redington (India) Lt - Updates

This has reference to our letter dated 19th July 2017 intimating the details of Investor/Analyst call on the Unaudited Financial Results for the quarter ended 30th June 2017 scheduled on 27th July 2017.

In this regard, we are enclosing herewith the transcript of Conference Call hosted on 27th July 2017. The same is also available in the Company's website www.redingtonindia.com.

01-Aug-2017 12:51 PM

Redington (India) Lt - Presentation To Investor/Analyst Pursuant To Regulation 30(2) And 46 (2)(O).

Pursuant to Regulation 30(2) and 46(2)(o) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith a copy of Presentation that will be shared with the analyst/investors.

The same shall be uploaded on our website www.redingtonindia.com

We request you to kindly take the above information on record.

27-Jul-2017 04:33 PM

Redington (India) Lt - Financial Results For The Quarter Ended 30 June 2017

In terms of requirements of Regulation 33 of the Listing Regulations, we are enclosing unaudited financial results for the quarter ended 30th June 2017 which were approved and taken on record at the meeting of the Board of Directors of the Company held today. The meeting commenced at 02.00 P.M. and concluded at 4.00 P.M.

We are arranging to publish the results in the newspapers.

We are also enclosing herewith the copy of the Limited Review Report.

Please acknowledge the receipt of our communication.

27-Jul-2017 04:17 PM

Corporate Details

About Management

Our Company was incorporated as G. Kewalram Private Limited on May 2, 1961 with the Registrar of Companies, Maharashtra. On December 9, 1981, the name of our Company was changed to Kewalram Private Limited and subsequently to Redington (India) Private Limited on April 28,1987. The registered office of our Company was transferred to Chennai, Tamil Nadu by the Company Law Board's order dated July 13, 1994. We changed our name to Redington (India) Limited with effect from on October 01, 1996 with the Registrar of Companies, Tamil Nadu on which date our Company became a public limited company. Subsequently, on January 10, 2002, the word "Private" was inserted in the name of our Company pursuant to Section 43A (2A). The word "private" was deleted from the name of our Company pursuant to Section 44 (a) of the Companies Act, 1956, and our Company became a public company with effect from March 15, 2002. Key events and milestones Year Key events, milestones and achievements 1993 .. Acquired the business of the Indian branch of Redington Pte Limited, Singapore .. Commenced branch operations in Western and Southern India .. Commenced distribution of Hewlett Packard IT products 1994 .. Commenced service operations for IT products .. Commenced distribution of Epson and Tripplite IT products .. Commenced distribution of Samsung monitors .. Commenced operations in Northern India 1995 .. Commenced operations in Eastern India .. Commenced distribution of Compaq and Philips products 1996 .. Commenced distribution of Intel products 1997 .. Tied-up with Microsoft for distribution of software products 1998 .. Tied-up with IBM, APC and Canon for distribution of their products 2000 .. Recognised as an `excellent service provider' by Hewlett Packard 2002 .. Commenced call centre operations for servicing Compaq's Presario range of products .. Ranked "best distributor - India' for the year 2002-2003 by Computer Associates 2003 .. Commenced distribution and servicing of Motorola mobile phones 2004 .. Ranked `best distributor in India' in the volumes business category by Microsoft for the year 2003-2004 2005 .. Acquired 100% shareholding of Redington Gulf FZE .. Commenced distribution of consumer durables .. Ranked `best distributor small and medium businesses - India' for the year 2004 by IBM .. Ranked `best national distributor' by Xerox .. Ranked `best distributor - enterprise storage' for the year 2004 by HP 2006 .. Acquired 100% shareholding of Redington Distribution Pte Limited .. Acquired 100% shareholding of Cadensworth (India) Private Limited .. Ranked `distributor of the year' for the Asia Pacific region in the year 2005 by CISCO .. Ranked `best growing distributor' for the year 2005-2006 by Acer 2007 -Redington India Ltd has entered into a Distributor Agreement with Apple Computer International Pvt Ltd., Bangalore (Apple Computer) for distribution of their range of products in India. 2008 - Redington India Ltd has informed that the Company has entered into a Distributor and Adobe Licensing Center agreement with Adobe Systems Software Ireland Ltd (Adobe) for distribution of their range of products in India. -Redington India Ltd has appointed Mr. N Srinivasan as an Additional Director of the Company. 2009 -Automated Distribution Center becomes operational in Chennai. -Foray into 3PL/4PL services. -Best Software Group Asia-Pacific VAD - IBM Software -Top Distributor Award in the East and West Region by CISCO -TSG Enterprise and Commercial Growth Award by HP Enterprise 2010 -Started micro distribution of IT through Nook Distribution -TUV NORD awarded ISO 9001:2008 certification for Chennai -TUV SUO Management Service GmbH has awarded ISO 9001:2008 certification for providing Support Services. -Best Distributor of the Year by NetApp. -Best sales performance award for APAC region by Kodak. -Best performing country in the Asia Pacific Region for HP Indigo Business. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2011 -Entered into a Strategic relationship with EMC for distribution of their storage products through Cadensworth. -SMS&P Volume License Distributor of the Year -Intel Authorized Distributor 2011 -Distri Leader Recognition Award -Ricoh ties up with Redington India -Redington India appointed as National Distributor by Research in Motion for PlayBook Tablet 2012 -SMART Technologies Inc. has announced the appointment of Redington as an authorized distributor for SMART's business collaboration and interactive products. -Fortinet Appoints Redington as New Distributor in India -Redington India Acquires Sterling Technopolis IT Park -Dun and Bradstreet Award for Corporate Excellence at the Rolta Corporate Awards 2011 -Award of Excellence for BENQ projector business. -Best after sales support -Editor's choice among National distributors from ITPV -Started carrying out Supply Chain Management business independently, through a Wholly Owned Subsidiary, ProConnect Supply Chain Solutions Ltd. 2013 -Redington (India) Ltd Tie up with CtrlS Datacenters Limited for cloud computing products. -Redington India collaborates with Amazon for distribution of Kindle devices. -Redington ties up with Palo Alto as a National distributor for Network Security products. 2014 -Vaultize (www.vaultize.com) announced signing of Master Reseller Agreement with Redington to expand and strengthen its India channel. -Barracuda appoints Redington as national distributor in India. -Redington have recommended a dividend of Rs. 0.90 per Equity share of Rs. 2/- each. 2015 -Redington to merge Nook Micro Distribution with itself -The Company has Tie-up with Xiaomi for distribution of their Smartphones 2016 -Redington (India) "Update on Acquisition of additional stake in Linkplus, Turkey by Overseas Subsidiary Company".

Registered Office

Centre Point, Plot No. 8 & 11 (SP), Thiru-vi-ka Industrial Estate, Guindy,

044-42243353,,,      044-22253799,

investors@redington.co.in

http://www.redingtonindia.com

Registrar Details

Cameo Corporate Services Ltd.