Maverick_777

REDINGTON: 3.5Yrs Rounding Bottom+ATH BO. More is yet to come!🎯

Long
NSE:REDINGTON   REDINGTON INDIA LTD
Positional guy

Comments

Fantastic Pick ! its a cash generating machine. Redington announced results with 50% increase in PAT and 60% increase in EPS QoQ ! Compared to Q4FY20, their revenues have increased 15% and PAT has increased 85% ! Compared to full fiscal FY20, their Revenues are up by 11% and PAT 47 % ! Also in FY21 their total Free cash flow is Rs. 3360 cr and their OCF has tripled from last fiscal ! Valuation wise Rs. 370+ stock imho.
+3 Reply
VikasHedau monkmaxims
@monkmaxims, Still Redington has lost case against Tax Department in Dec. 2020 around 138 Carores , Yes it is cash generating Machine, only company with revenues > 7x of its market Cap
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monkmaxims VikasHedau
@VikasHedau, They had made a provision for this already in Q3 (which incidentally was also their highest reported profit until then) to the tune for 89cr and will wait for IT dept decision to see what else needs to be done. in Q4 they have far outdone their record setting Q3 profit and improved that by 60%.
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Maverick_777 monkmaxims
@monkmaxims, all I know is that Redington is some of the few companies in which FII holding is in top 11 of all nse stocks. that's enough for me...I trust them more
+1 Reply
monkmaxims Maverick_777
@Maverick_777, awesome stat ! Thanks for sharing it !
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Hi brother... can you pls mention the targets. Thank you for your patience and efforts.
+1 Reply
Maverick_777 federalMagpie90736
@federalMagpie90736, 247,267,300
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@Maverick_777, Thank you for the immediate reply.
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how we can decide the target ??
+1 Reply
Maverick_777 amansinghchauhan1805
Reply
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