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Redington Limited
Buy, Hold or Sell?

Let's analyse Redington Limited together

PenkeI guess you are interested in Redington Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Redington Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Redington Limited (30 sec.)










What can you expect buying and holding a share of Redington Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.32
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR93.29
Expected worth in 1 year
INR153.95
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR87.05
Return On Investment
41.8%

For what price can you sell your share?

Current Price per Share
INR208.45
Expected price per share
INR184.45 - INR221.80
How sure are you?
50%

1. Valuation of Redington Limited (5 min.)




Live pricePrice per Share (EOD)

INR208.45

Intrinsic Value Per Share

INR-645.36 - INR-134.83

Total Value Per Share

INR-552.07 - INR-41.54

2. Growth of Redington Limited (5 min.)




Is Redington Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$875.1m$732.9m$142.2m16.3%

How much money is Redington Limited making?

Current yearPrevious yearGrowGrow %
Making money$167.1m$153.5m$13.5m8.1%
Net Profit Margin1.8%2.0%--

How much money comes from the company's main activities?

3. Financial Health of Redington Limited (5 min.)




4. Comparing to competitors in the Information Technology Services industry (5 min.)




  Industry Rankings (Information Technology Services)  


Richest
#62 / 401

Most Revenue
#7 / 401

Most Profit
#22 / 401

Most Efficient
#240 / 401

What can you expect buying and holding a share of Redington Limited? (5 min.)

Welcome investor! Redington Limited's management wants to use your money to grow the business. In return you get a share of Redington Limited.

What can you expect buying and holding a share of Redington Limited?

First you should know what it really means to hold a share of Redington Limited. And how you can make/lose money.

Speculation

The Price per Share of Redington Limited is INR208.45. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Redington Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Redington Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR93.29. Based on the TTM, the Book Value Change Per Share is INR15.16 per quarter. Based on the YOY, the Book Value Change Per Share is INR10.25 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR6.60 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Redington Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.210.1%0.210.1%0.200.1%0.140.1%0.100.0%
Usd Book Value Change Per Share0.180.1%0.180.1%0.120.1%0.110.1%0.080.0%
Usd Dividend Per Share0.080.0%0.080.0%0.070.0%0.060.0%0.040.0%
Usd Total Gains Per Share0.260.1%0.260.1%0.190.1%0.170.1%0.120.1%
Usd Price Per Share2.00-2.00-1.74-1.86-1.63-
Price to Earnings Ratio9.36-9.36-8.85-16.08-19.13-
Price-to-Total Gains Ratio7.66-7.66-9.04-13.81-16.33-
Price to Book Ratio1.79-1.79-1.86-2.29-2.69-
Price-to-Total Gains Ratio7.66-7.66-9.04-13.81-16.33-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.5014
Number of shares399
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.06
Usd Book Value Change Per Share0.180.11
Usd Total Gains Per Share0.260.17
Gains per Quarter (399 shares)104.1965.88
Gains per Year (399 shares)416.77263.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
112629040792171254
2253581824185342518
33798711241277513782
4505116216583706841046
5632145220754628561310
67581743249255510271574
78842033290964711981838
810112323332673913692102
911372614374383215402366
1012642904416092417112630

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%18.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.01.00.094.4%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.02.088.9%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%17.01.00.094.4%

Fundamentals of Redington Limited

About Redington Limited

Redington Limited provides supply chain solutions in India and internationally. It offers hyperconverged infrastructure, enterprise storage, all-flash, storage visualization, and fault tolerant solutions; enterprise networking and WAN solutions; AI and automation, software applications, security, digital printing, data and analytics, infrastructure, 3D printing, network modernization, cyber security, solar, gaming, AE and VR, home automation, wearables, and displays; and next-gen firewall, web application firewall, secure access service edge, endpoint security, and identity and access management solutions. The company also engages in the distribution of information technology, mobility, and other technology products comprising laptops, tablets, servers, software, notebooks, workstations, networking, power supply, desktops, accessories, components, and smart lighting products. In addition, it offers technology services comprising consulting as a service, training as a service, infrastructure transformation, software consulting, virtualization and application delivery, networking, cybersecurity, and cloud services; and logistics services, such as warehousing, reverse logistics, in plant logistics and project management, supply chain consulting, ecommerce, mission-critical, and transportation services. Further, the company provides supply chain management, sourcing and procurement, sales and lead generation, and finance and accounting services; and financial services comprising channel financing, project financing, leasing, credit card based financing, and but now and pay later services, as well as cloud consulting, managed, and security solutions. It serves healthcare, finance, print services providers, hospitality, manufacturing, education, government, retail, and IT/ITes industries. The company was formerly known as Redington (India) Limited and changed its name to Redington Limited. Redington Limited was incorporated in 1961 and is headquartered in Chennai, India.

Fundamental data was last updated by Penke on 2024-03-23 16:51:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Redington Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Redington Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • A Net Profit Margin of 1.8% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Redington Limited:

  • The MRQ is 1.8%. The company is making a profit. +1
  • The TTM is 1.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.8%0.0%
TTM1.8%YOY2.0%-0.3%
TTM1.8%5Y1.4%+0.3%
5Y1.4%10Y1.3%+0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%3.7%-1.9%
TTM1.8%3.6%-1.8%
YOY2.0%3.4%-1.4%
5Y1.4%3.4%-2.0%
10Y1.3%3.3%-2.0%
1.1.2. Return on Assets

Shows how efficient Redington Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • 6.0% Return on Assets means that Redington Limited generated ₹0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Redington Limited:

  • The MRQ is 6.0%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.0%TTM6.0%0.0%
TTM6.0%YOY7.0%-1.0%
TTM6.0%5Y5.2%+0.8%
5Y5.2%10Y4.8%+0.3%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ6.0%1.3%+4.7%
TTM6.0%1.3%+4.7%
YOY7.0%1.3%+5.7%
5Y5.2%1.3%+3.9%
10Y4.8%1.3%+3.5%
1.1.3. Return on Equity

Shows how efficient Redington Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • 20.1% Return on Equity means Redington Limited generated ₹0.20 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Redington Limited:

  • The MRQ is 20.1%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 20.1%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ20.1%TTM20.1%0.0%
TTM20.1%YOY22.1%-2.0%
TTM20.1%5Y16.5%+3.6%
5Y16.5%10Y15.9%+0.6%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ20.1%2.8%+17.3%
TTM20.1%2.7%+17.4%
YOY22.1%3.3%+18.8%
5Y16.5%3.2%+13.3%
10Y15.9%3.0%+12.9%

1.2. Operating Efficiency of Redington Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Redington Limited is operating .

  • Measures how much profit Redington Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • An Operating Margin of 2.7% means the company generated ₹0.03  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Redington Limited:

  • The MRQ is 2.7%. The company is operating less efficient.
  • The TTM is 2.7%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ2.7%TTM2.7%0.0%
TTM2.7%YOY2.8%-0.1%
TTM2.7%5Y2.2%+0.4%
5Y2.2%10Y2.2%+0.1%
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.7%7.0%-4.3%
TTM2.7%4.0%-1.3%
YOY2.8%5.7%-2.9%
5Y2.2%5.1%-2.9%
10Y2.2%4.7%-2.5%
1.2.2. Operating Ratio

Measures how efficient Redington Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • An Operation Ratio of 0.98 means that the operating costs are ₹0.98 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Redington Limited:

  • The MRQ is 0.975. The company is less efficient in keeping operating costs low.
  • The TTM is 0.975. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.975TTM0.9750.000
TTM0.975YOY0.972+0.003
TTM0.9755Y0.977-0.002
5Y0.97710Y0.978-0.001
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9751.133-0.158
TTM0.9751.178-0.203
YOY0.9721.078-0.106
5Y0.9771.121-0.144
10Y0.9781.087-0.109

1.3. Liquidity of Redington Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Redington Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Information Technology Services industry mean).
  • A Current Ratio of 1.42 means the company has ₹1.42 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Redington Limited:

  • The MRQ is 1.416. The company is just able to pay all its short-term debts.
  • The TTM is 1.416. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.416TTM1.4160.000
TTM1.416YOY1.459-0.043
TTM1.4165Y1.453-0.037
5Y1.45310Y1.442+0.011
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4161.467-0.051
TTM1.4161.466-0.050
YOY1.4591.584-0.125
5Y1.4531.628-0.175
10Y1.4421.577-0.135
1.3.2. Quick Ratio

Measures if Redington Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • A Quick Ratio of 0.95 means the company can pay off ₹0.95 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Redington Limited:

  • The MRQ is 0.950. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.950. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.950TTM0.9500.000
TTM0.950YOY1.122-0.172
TTM0.9505Y1.073-0.123
5Y1.07310Y1.000+0.073
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9501.002-0.052
TTM0.9501.010-0.060
YOY1.1221.161-0.039
5Y1.0731.194-0.121
10Y1.0001.162-0.162

1.4. Solvency of Redington Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Redington Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Redington Limited to Information Technology Services industry mean.
  • A Debt to Asset Ratio of 0.69 means that Redington Limited assets are financed with 68.7% credit (debt) and the remaining percentage (100% - 68.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Redington Limited:

  • The MRQ is 0.687. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.687. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.687TTM0.6870.000
TTM0.687YOY0.668+0.018
TTM0.6875Y0.666+0.021
5Y0.66610Y0.672-0.006
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6870.502+0.185
TTM0.6870.499+0.188
YOY0.6680.498+0.170
5Y0.6660.506+0.160
10Y0.6720.495+0.177
1.4.2. Debt to Equity Ratio

Measures if Redington Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Redington Limited to the Information Technology Services industry mean.
  • A Debt to Equity ratio of 230.8% means that company has ₹2.31 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Redington Limited:

  • The MRQ is 2.308. The company is just not able to pay all its debts with equity.
  • The TTM is 2.308. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.308TTM2.3080.000
TTM2.308YOY2.128+0.181
TTM2.3085Y2.143+0.165
5Y2.14310Y2.237-0.093
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3080.938+1.370
TTM2.3080.984+1.324
YOY2.1280.972+1.156
5Y2.1431.046+1.097
10Y2.2371.057+1.180

2. Market Valuation of Redington Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Redington Limited generates.

  • Above 15 is considered overpriced but always compare Redington Limited to the Information Technology Services industry mean.
  • A PE ratio of 9.36 means the investor is paying ₹9.36 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Redington Limited:

  • The EOD is 11.702. Based on the earnings, the company is underpriced. +1
  • The MRQ is 9.356. Based on the earnings, the company is underpriced. +1
  • The TTM is 9.356. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.702MRQ9.356+2.347
MRQ9.356TTM9.3560.000
TTM9.356YOY8.854+0.502
TTM9.3565Y16.079-6.723
5Y16.07910Y19.126-3.047
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD11.70215.268-3.566
MRQ9.35612.943-3.587
TTM9.35614.770-5.414
YOY8.85417.385-8.531
5Y16.07918.091-2.012
10Y19.12620.242-1.116
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Redington Limited:

  • The EOD is -4.799. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.837. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.837. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.799MRQ-3.837-0.962
MRQ-3.837TTM-3.8370.000
TTM-3.837YOY13.125-16.962
TTM-3.8375Y7.239-11.076
5Y7.23910Y17.462-10.224
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD-4.7996.559-11.358
MRQ-3.8376.379-10.216
TTM-3.8374.370-8.207
YOY13.1256.332+6.793
5Y7.2395.929+1.310
10Y17.4625.680+11.782
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Redington Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Information Technology Services industry mean).
  • A PB ratio of 1.79 means the investor is paying ₹1.79 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Redington Limited:

  • The EOD is 2.234. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.786. Based on the equity, the company is underpriced. +1
  • The TTM is 1.786. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.234MRQ1.786+0.448
MRQ1.786TTM1.7860.000
TTM1.786YOY1.855-0.069
TTM1.7865Y2.285-0.499
5Y2.28510Y2.689-0.404
Compared to industry (Information Technology Services)
PeriodCompanyIndustry (mean)+/- 
EOD2.2342.403-0.169
MRQ1.7862.210-0.424
TTM1.7862.324-0.538
YOY1.8552.739-0.884
5Y2.2852.853-0.568
10Y2.6893.305-0.616
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Redington Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--15.16415.1640%10.246+48%8.935+70%7.082+114%
Book Value Per Share--93.29093.2900%78.126+19%70.573+32%54.324+72%
Current Ratio--1.4161.4160%1.459-3%1.453-3%1.442-2%
Debt To Asset Ratio--0.6870.6870%0.668+3%0.666+3%0.672+2%
Debt To Equity Ratio--2.3082.3080%2.128+8%2.143+8%2.237+3%
Dividend Per Share--6.5976.5970%5.795+14%4.826+37%2.973+122%
Eps--17.81317.8130%16.372+9%11.370+57%8.301+115%
Free Cash Flow Per Share---43.434-43.4340%11.044-493%7.088-713%5.548-883%
Free Cash Flow To Equity Per Share---23.881-23.8810%4.954-582%3.541-774%1.442-1756%
Gross Profit Margin--0.7620.7620%0.725+5%0.553+38%0.476+60%
Intrinsic Value_10Y_max---134.830--------
Intrinsic Value_10Y_min---645.361--------
Intrinsic Value_1Y_max--2.653--------
Intrinsic Value_1Y_min---13.519--------
Intrinsic Value_3Y_max---4.348--------
Intrinsic Value_3Y_min---85.162--------
Intrinsic Value_5Y_max---26.201--------
Intrinsic Value_5Y_min---205.074--------
Market Cap162960793635.200+20%130282639766.400130282639766.4000%113318143619.200+15%121834235994.072+7%107430302683.036+21%
Net Profit Margin--0.0180.0180%0.020-14%0.014+21%0.013+34%
Operating Margin--0.0270.0270%0.028-5%0.022+18%0.022+23%
Operating Ratio--0.9750.9750%0.972+0%0.9770%0.9780%
Pb Ratio2.234+20%1.7861.7860%1.855-4%2.285-22%2.689-34%
Pe Ratio11.702+20%9.3569.3560%8.854+6%16.079-42%19.126-51%
Price Per Share208.450+20%166.650166.6500%144.950+15%155.232+7%135.774+23%
Price To Free Cash Flow Ratio-4.799-25%-3.837-3.8370%13.125-129%7.239-153%17.462-122%
Price To Total Gains Ratio9.579+20%7.6587.6580%9.036-15%13.810-45%16.334-53%
Quick Ratio--0.9500.9500%1.122-15%1.073-11%1.000-5%
Return On Assets--0.0600.0600%0.070-14%0.052+16%0.048+24%
Return On Equity--0.2010.2010%0.221-9%0.165+21%0.159+26%
Total Gains Per Share--21.76121.7610%16.042+36%13.760+58%10.054+116%
Usd Book Value--875180400.000875180400.0000%732924000.000+19%663559680.000+32%514491516.000+70%
Usd Book Value Change Per Share--0.1820.1820%0.123+48%0.107+70%0.085+114%
Usd Book Value Per Share--1.1191.1190%0.938+19%0.847+32%0.652+72%
Usd Dividend Per Share--0.0790.0790%0.070+14%0.058+37%0.036+122%
Usd Eps--0.2140.2140%0.196+9%0.136+57%0.100+115%
Usd Free Cash Flow---407470800.000-407470800.0000%103604400.000-493%66837840.000-710%52651820.400-874%
Usd Free Cash Flow Per Share---0.521-0.5210%0.133-493%0.085-713%0.067-883%
Usd Free Cash Flow To Equity Per Share---0.287-0.2870%0.059-582%0.042-774%0.017-1756%
Usd Market Cap1955529523.622+20%1563391677.1971563391677.1970%1359817723.430+15%1462010831.929+7%1289163632.196+21%
Usd Price Per Share2.501+20%2.0002.0000%1.739+15%1.863+7%1.629+23%
Usd Profit--167107200.000167107200.0000%153589200.000+9%107068080.000+56%78670392.000+112%
Usd Revenue--9525213600.0009525213600.0000%7513416000.000+27%7125840960.000+34%5716401601.200+67%
Usd Total Gains Per Share--0.2610.2610%0.192+36%0.165+58%0.121+116%
 EOD+5 -3MRQTTM+0 -0YOY+19 -175Y+25 -1110Y+25 -11

3.2. Fundamental Score

Let's check the fundamental score of Redington Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.702
Price to Book Ratio (EOD)Between0-12.234
Net Profit Margin (MRQ)Greater than00.018
Operating Margin (MRQ)Greater than00.027
Quick Ratio (MRQ)Greater than10.950
Current Ratio (MRQ)Greater than11.416
Debt to Asset Ratio (MRQ)Less than10.687
Debt to Equity Ratio (MRQ)Less than12.308
Return on Equity (MRQ)Greater than0.150.201
Return on Assets (MRQ)Greater than0.050.060
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Redington Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.059
Ma 20Greater thanMa 50204.980
Ma 50Greater thanMa 100196.820
Ma 100Greater thanMa 200182.178
OpenGreater thanClose205.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets232,832,100
Total Liabilities159,900,400
Total Stockholder Equity69,273,500
 As reported
Total Liabilities 159,900,400
Total Stockholder Equity+ 69,273,500
Total Assets = 232,832,100

Assets

Total Assets232,832,100
Total Current Assets221,375,200
Long-term Assets11,456,900
Total Current Assets
Cash And Cash Equivalents 18,588,500
Short-term Investments 4,803,500
Net Receivables 120,300,500
Inventory 70,852,600
Other Current Assets 6,830,100
Total Current Assets  (as reported)221,375,200
Total Current Assets  (calculated)221,375,200
+/-0
Long-term Assets
Property Plant Equipment 4,882,900
Goodwill 850,000
Intangible Assets 3,048,800
Other Assets 466,700
Long-term Assets  (as reported)11,456,900
Long-term Assets  (calculated)9,248,400
+/- 2,208,500

Liabilities & Shareholders' Equity

Total Current Liabilities156,328,100
Long-term Liabilities3,572,300
Total Stockholder Equity69,273,500
Total Current Liabilities
Short-term Debt 31,485,700
Short Long Term Debt 30,759,100
Accounts payable 109,711,100
Other Current Liabilities 9,741,500
Total Current Liabilities  (as reported)156,328,100
Total Current Liabilities  (calculated)181,697,400
+/- 25,369,300
Long-term Liabilities
Long term Debt Total 1,712,300
Other Liabilities 1,850,000
Long-term Liabilities  (as reported)3,572,300
Long-term Liabilities  (calculated)3,562,300
+/- 10,000
Total Stockholder Equity
Common Stock1,562,900
Retained Earnings 56,602,700
Accumulated Other Comprehensive Income 9,359,800
Capital Surplus 1,748,100
Total Stockholder Equity (as reported)69,273,500
Total Stockholder Equity (calculated)69,273,500
+/-0
Other
Capital Stock1,562,900
Cash And Equivalents4,877,200
Cash and Short Term Investments 23,392,000
Common Stock Shares Outstanding 781,716
Current Deferred Revenue5,389,800
Liabilities and Stockholders Equity 232,832,100
Net Debt 14,609,500
Net Invested Capital 100,537,200
Net Tangible Assets 65,374,700
Net Working Capital 65,047,100
Property Plant and Equipment Gross 4,882,900
Short Long Term Debt Total 33,198,000



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-31
> Total Assets 
13,656,410
18,208,541
22,123,748
30,212,433
36,339,210
50,020,553
55,110,554
65,236,749
73,101,650
83,829,115
103,500,650
100,661,971
108,647,900
124,206,800
146,562,300
145,570,700
184,159,000
232,832,100
232,832,100184,159,000145,570,700146,562,300124,206,800108,647,900100,661,971103,500,65083,829,11573,101,65065,236,74955,110,55450,020,55336,339,21030,212,43322,123,74818,208,54113,656,410
   > Total Current Assets 
12,756,410
17,378,730
20,875,652
29,328,959
35,337,381
48,481,098
51,884,531
60,648,301
69,207,377
80,199,490
99,066,077
94,698,329
102,254,400
116,685,500
136,536,600
137,080,600
173,663,900
221,375,200
221,375,200173,663,900137,080,600136,536,600116,685,500102,254,40094,698,32999,066,07780,199,49069,207,37760,648,30151,884,53148,481,09835,337,38129,328,95920,875,65217,378,73012,756,410
       Cash And Cash Equivalents 
966,350
1,994,396
1,829,531
6,023,865
5,826,021
4,806,024
4,834,379
4,578,586
4,721,182
5,144,178
5,421,366
6,136,499
5,279,900
8,666,400
23,435,400
29,385,800
32,895,400
18,588,500
18,588,50032,895,40029,385,80023,435,4008,666,4005,279,9006,136,4995,421,3665,144,1784,721,1824,578,5864,834,3794,806,0245,826,0216,023,8651,829,5311,994,396966,350
       Short-term Investments 
0
1,115,386
1,070,064
1,465,853
0
0
0
164,015
30,014
18,891
890,484
2,109,483
1,290,900
2,419,300
745,800
5,766,700
3,940,800
4,803,500
4,803,5003,940,8005,766,700745,8002,419,3001,290,9002,109,483890,48418,89130,014164,0150001,465,8531,070,0641,115,3860
       Net Receivables 
0
0
0
0
0
0
0
0
40,414,377
45,226,125
53,563,626
51,939,800
62,815,700
66,501,100
75,371,500
72,438,500
92,797,800
120,300,500
120,300,50092,797,80072,438,50075,371,50066,501,10062,815,70051,939,80053,563,62645,226,12540,414,37700000000
       Inventory 
4,814,000
6,479,602
7,187,882
7,793,571
9,828,492
15,832,750
16,999,963
19,531,691
22,852,613
28,543,377
37,681,535
33,745,605
31,066,200
38,591,700
36,727,600
29,021,100
43,830,400
70,852,600
70,852,60043,830,40029,021,10036,727,60038,591,70031,066,20033,745,60537,681,53528,543,37722,852,61319,531,69116,999,96315,832,7509,828,4927,793,5717,187,8826,479,6024,814,000
       Other Current Assets 
6,976,060
7,789,346
10,788,175
14,045,670
19,682,868
27,842,324
30,050,189
36,374,009
41,603,568
46,493,044
55,963,176
52,706,742
64,617,400
67,008,100
256,300
468,500
199,500
6,830,100
6,830,100199,500468,500256,30067,008,10064,617,40052,706,74255,963,17646,493,04441,603,56836,374,00930,050,18927,842,32419,682,86814,045,67010,788,1757,789,3466,976,060
   > Long-term Assets 
900,000
829,811
1,248,096
883,474
1,001,829
1,539,455
3,226,023
4,588,448
3,894,273
3,629,625
4,434,573
5,963,642
6,393,500
7,521,300
10,025,700
8,490,100
10,495,100
11,456,900
11,456,90010,495,1008,490,10010,025,7007,521,3006,393,5005,963,6424,434,5733,629,6253,894,2734,588,4483,226,0231,539,4551,001,829883,4741,248,096829,811900,000
       Property Plant Equipment 
277,380
446,760
712,608
879,860
968,071
1,476,134
1,679,334
2,913,022
2,016,726
1,907,418
2,047,292
1,964,936
1,887,700
1,944,300
4,044,300
3,244,000
4,382,500
4,882,900
4,882,9004,382,5003,244,0004,044,3001,944,3001,887,7001,964,9362,047,2921,907,4182,016,7262,913,0221,679,3341,476,134968,071879,860712,608446,760277,380
       Goodwill 
0
383,051
535,031
0
0
0
657,300
657,300
737,967
737,967
994,023
211,623
212,700
220,300
183,800
183,000
617,000
850,000
850,000617,000183,000183,800220,300212,700211,623994,023737,967737,967657,300657,300000535,031383,0510
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
82,649
31,200
36,000
9,000
0
0
0
0
00009,00036,00031,20082,6490000000000
       Intangible Assets 
0
0
0
0
0
0
103,370
82,127
64,923
244,355
299,865
2,588,792
2,804,500
2,756,700
3,030,800
2,630,200
2,855,200
3,048,800
3,048,8002,855,2002,630,2003,030,8002,756,7002,804,5002,588,792299,865244,35564,92382,127103,370000000
       Long-term Assets Other 
622,620
0
0
0
0
0
705,212
850,593
959,985
636,962
891,193
2,988,432
2,492,500
4,608,900
3,210,600
7,705,400
8,235,800
6,800,600
6,800,6008,235,8007,705,4003,210,6004,608,9002,492,5002,988,432891,193636,962959,985850,593705,21200000622,620
> Total Liabilities 
9,350,440
11,952,417
14,908,850
17,777,157
23,179,458
34,711,970
40,936,960
47,266,486
51,024,820
58,026,970
73,107,789
65,567,977
69,754,000
81,700,300
99,661,100
92,503,900
123,082,000
159,900,400
159,900,400123,082,00092,503,90099,661,10081,700,30069,754,00065,567,97773,107,78958,026,97051,024,82047,266,48640,936,96034,711,97023,179,45817,777,15714,908,85011,952,4179,350,440
   > Total Current Liabilities 
4,555,020
5,930,353
7,069,314
7,947,313
11,693,525
18,815,083
35,501,878
43,043,518
48,525,837
56,447,088
72,455,607
64,876,351
68,878,600
80,398,600
96,715,400
89,871,200
119,020,800
156,328,100
156,328,100119,020,80089,871,20096,715,40080,398,60068,878,60064,876,35172,455,60756,447,08848,525,83743,043,51835,501,87818,815,08311,693,5257,947,3137,069,3145,930,3534,555,020
       Short-term Debt 
4,071,750
0
0
0
0
0
15,481,759
17,901,214
15,952,548
17,668,942
23,505,185
15,170,032
14,574,900
12,828,600
26,101,800
4,888,600
6,023,700
31,485,700
31,485,7006,023,7004,888,60026,101,80012,828,60014,574,90015,170,03223,505,18517,668,94215,952,54817,901,21415,481,759000004,071,750
       Short Long Term Debt 
0
0
0
0
0
0
0
0
17,861,560
1,310,591
1,094,696
15,170,032
14,568,300
12,812,000
25,374,800
4,343,400
5,426,500
30,759,100
30,759,1005,426,5004,343,40025,374,80012,812,00014,568,30015,170,0321,094,6961,310,59117,861,56000000000
       Accounts payable 
0
3,788,448
0
0
0
0
16,072,052
19,995,169
27,085,250
32,520,937
41,894,764
44,504,405
46,404,500
59,048,600
62,751,500
72,999,500
101,542,000
109,711,100
109,711,100101,542,00072,999,50062,751,50059,048,60046,404,50044,504,40541,894,76432,520,93727,085,25019,995,16916,072,05200003,788,4480
       Other Current Liabilities 
483,270
2,141,905
7,069,314
7,947,313
11,693,525
18,815,083
3,948,067
5,147,135
5,488,039
6,257,209
7,055,658
4,937,465
7,637,100
8,197,000
2,620,400
3,944,200
3,639,700
9,741,500
9,741,5003,639,7003,944,2002,620,4008,197,0007,637,1004,937,4657,055,6586,257,2095,488,0395,147,1353,948,06718,815,08311,693,5257,947,3137,069,3142,141,905483,270
   > Long-term Liabilities 
4,795,420
6,022,064
7,839,536
9,829,844
11,485,933
15,896,887
5,435,082
4,222,968
2,498,983
1,579,882
652,182
691,626
875,400
1,301,700
2,945,700
2,632,700
4,061,200
3,572,300
3,572,3004,061,2002,632,7002,945,7001,301,700875,400691,626652,1821,579,8822,498,9834,222,9685,435,08215,896,88711,485,9339,829,8447,839,5366,022,0644,795,420
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
42,300
245,400
1,645,300
1,269,700
2,283,900
1,712,300
1,712,3002,283,9001,269,7001,645,300245,40042,300000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
395,706
570,663
621,476
691,600
833,100
1,056,300
1,300,400
1,363,000
1,777,300
1,850,000
1,850,0001,777,3001,363,0001,300,4001,056,300833,100691,600621,476570,663395,70600000000
> Total Stockholder Equity
4,305,970
6,256,124
7,214,898
10,021,960
10,757,223
11,895,941
13,224,833
16,406,815
20,212,921
23,741,711
27,874,076
31,478,972
35,305,600
39,059,800
43,088,500
49,337,100
57,849,500
69,273,500
69,273,50057,849,50049,337,10043,088,50039,059,80035,305,60031,478,97227,874,07623,741,71120,212,92116,406,81513,224,83311,895,94110,757,22310,021,9607,214,8986,256,1244,305,970
   Common Stock
630,820
778,657
778,657
778,657
786,360
792,660
797,156
798,305
798,964
799,406
799,626
799,697
800,300
778,200
778,200
778,400
1,562,900
1,562,900
1,562,9001,562,900778,400778,200778,200800,300799,697799,626799,406798,964798,305797,156792,660786,360778,657778,657778,657630,820
   Retained Earnings 
1,787,110
5,477,467
0
0
3,480,595
5,066,400
0
10,497,462
13,204,924
16,176,790
19,437,183
23,014,809
26,733,700
30,501,000
31,965,900
39,518,400
47,834,800
56,602,700
56,602,70047,834,80039,518,40031,965,90030,501,00026,733,70023,014,80919,437,18316,176,79013,204,92410,497,46205,066,4003,480,595005,477,4671,787,110
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
3,545,253
3,548,000
3,573,100
2,207,600
2,208,100
2,233,200
2,525,800
1,748,100
1,748,1002,525,8002,233,2002,208,1002,207,6003,573,1003,548,0003,545,2530000000000
   Treasury Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
-22,200
0
200
0
0
002000-22,2000000000000000
   Other Stockholders Equity 
1,888,040
384,011
6,436,241
9,243,303
6,490,268
6,036,881
13,683,658
6,648,706
8,059,217
8,806,837
10,005,239
8,299,087
8,775,200
9,075,500
-33,827,200
2,233,200
1,741,300
1,748,100
1,748,1001,741,3002,233,200-33,827,2009,075,5008,775,2008,299,08710,005,2398,806,8378,059,2176,648,70613,683,6586,036,8816,490,2689,243,3036,436,241384,0111,888,040



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue793,767,800
Cost of Revenue-758,012,400
Gross Profit35,755,40035,755,400
 
Operating Income (+$)
Gross Profit35,755,400
Operating Expense-16,121,400
Operating Income20,778,80019,634,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative1,902,600
Selling And Marketing Expenses3,318,800
Operating Expense16,121,4005,221,400
 
Net Interest Income (+$)
Interest Income2,718,600
Interest Expense-2,718,600
Other Finance Cost-2,718,600
Net Interest Income-2,718,600
 
Pretax Income (+$)
Operating Income20,778,800
Net Interest Income-2,718,600
Other Non-Operating Income Expenses0
Income Before Tax (EBT)18,334,70023,222,900
EBIT - interestExpense = 18,334,700
17,866,400
16,644,200
Interest Expense2,718,600
Earnings Before Interest and Taxes (EBIT)21,053,30021,053,300
Earnings Before Interest and Taxes (EBITDA)22,607,300
 
After tax Income (+$)
Income Before Tax18,334,700
Tax Provision-3,940,800
Net Income From Continuing Ops14,393,90014,393,900
Net Income13,925,600
Net Income Applicable To Common Shares13,925,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses774,133,800
Total Other Income/Expenses Net-2,444,1002,718,600
 

Technical Analysis of Redington Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Redington Limited. The general trend of Redington Limited is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Redington Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Redington Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 215.95 < 220.00 < 221.80.

The bearish price targets are: 188.80 > 184.75 > 184.45.

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Redington Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Redington Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Redington Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Redington Limited. The current macd is 2.03326451.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Redington Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Redington Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Redington Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Redington Limited Daily Moving Average Convergence/Divergence (MACD) ChartRedington Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Redington Limited. The current adx is 20.48.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Redington Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Redington Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Redington Limited. The current sar is 189.98.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Redington Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Redington Limited. The current rsi is 55.06. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Redington Limited Daily Relative Strength Index (RSI) ChartRedington Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Redington Limited. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Redington Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Redington Limited Daily Stochastic Oscillator ChartRedington Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Redington Limited. The current cci is 48.13.

Redington Limited Daily Commodity Channel Index (CCI) ChartRedington Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Redington Limited. The current cmo is 11.99.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Redington Limited Daily Chande Momentum Oscillator (CMO) ChartRedington Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Redington Limited. The current willr is -33.83838384.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Redington Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Redington Limited Daily Williams %R ChartRedington Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Redington Limited.

Redington Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Redington Limited. The current atr is 9.17000002.

Redington Limited Daily Average True Range (ATR) ChartRedington Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Redington Limited. The current obv is 308,039,967.

Redington Limited Daily On-Balance Volume (OBV) ChartRedington Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Redington Limited. The current mfi is 64.72.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Redington Limited Daily Money Flow Index (MFI) ChartRedington Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Redington Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-14MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.

6.3. Candlestick Patterns

Redington Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Redington Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.059
Ma 20Greater thanMa 50204.980
Ma 50Greater thanMa 100196.820
Ma 100Greater thanMa 200182.178
OpenGreater thanClose205.000
Total4/5 (80.0%)
Penke

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