Redington (NSE:REDINGTON) Is Very Good At Capital Allocation
May 07
Indian (NIFTY) Technology Distributors Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies28
- 7D-4.1%
- 3M3.7%
- 1Y28.0%
- YTDn/a
Over the last 7 days, the Technology Distributors industry has dropped 4.1%, driven by Redington declining 4.5%. In contrast, Avance Technologies has gained 20%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Indian Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹241.5b | ₹1.1t | ₹13.3b | 29.5x | 18.1x | 0.2x |
| Fri, 05 Apr 2024 | ₹248.6b | ₹1.1t | ₹13.3b | 25.8x | 18.6x | 0.2x |
| Sun, 03 Mar 2024 | ₹251.1b | ₹1.1t | ₹13.3b | 29.4x | 18.9x | 0.2x |
| Tue, 30 Jan 2024 | ₹196.3b | ₹945.6b | ₹12.5b | 52.1x | 15.6x | 0.2x |
| Thu, 28 Dec 2023 | ₹196.0b | ₹945.5b | ₹12.6b | 53.7x | 15.6x | 0.2x |
| Sat, 25 Nov 2023 | ₹184.3b | ₹945.5b | ₹12.6b | 57.5x | 14.7x | 0.2x |
| Mon, 23 Oct 2023 | ₹176.3b | ₹929.2b | ₹13.8b | 52x | 12.8x | 0.2x |
| Wed, 20 Sep 2023 | ₹181.1b | ₹928.8b | ₹13.7b | 36.4x | 13.2x | 0.2x |
| Fri, 18 Aug 2023 | ₹171.7b | ₹926.3b | ₹13.7b | 44.8x | 12.5x | 0.2x |
| Sun, 16 Jul 2023 | ₹189.1b | ₹879.6b | ₹14.4b | 42.3x | 13.2x | 0.2x |
| Tue, 13 Jun 2023 | ₹191.9b | ₹889.6b | ₹15.8b | 42.7x | 12.1x | 0.2x |
| Thu, 11 May 2023 | ₹175.2b | ₹841.0b | ₹16.2b | 24.6x | 10.8x | 0.2x |
| Sat, 08 Apr 2023 | ₹177.7b | ₹840.4b | ₹16.1b | 23.4x | 11.1x | 0.2x |
| Mon, 06 Mar 2023 | ₹180.7b | ₹840.3b | ₹16.1b | 22.5x | 11.2x | 0.2x |
| Wed, 01 Feb 2023 | ₹196.6b | ₹785.9b | ₹15.9b | 21.1x | 12.3x | 0.3x |
| Fri, 30 Dec 2022 | ₹197.5b | ₹785.6b | ₹15.9b | 30.3x | 12.4x | 0.3x |
| Sun, 27 Nov 2022 | ₹194.2b | ₹785.6b | ₹15.9b | 31x | 12.2x | 0.2x |
| Tue, 25 Oct 2022 | ₹156.5b | ₹742.6b | ₹16.1b | 28.1x | 9.7x | 0.2x |
| Thu, 22 Sep 2022 | ₹164.9b | ₹742.2b | ₹16.0b | 20.8x | 10.3x | 0.2x |
| Sat, 20 Aug 2022 | ₹165.7b | ₹742.1b | ₹16.0b | 12.4x | 10.4x | 0.2x |
| Mon, 18 Jul 2022 | ₹144.1b | ₹701.5b | ₹15.0b | 20.3x | 9.6x | 0.2x |
| Wed, 15 Jun 2022 | ₹147.1b | ₹701.9b | ₹15.0b | 23.8x | 9.8x | 0.2x |
| Fri, 13 May 2022 | ₹152.2b | ₹679.2b | ₹12.9b | 33.4x | 11.8x | 0.2x |
| Sun, 10 Apr 2022 | ₹180.3b | ₹678.6b | ₹12.9b | 40.9x | 14x | 0.3x |
| Tue, 08 Mar 2022 | ₹165.6b | ₹678.5b | ₹13.1b | 36.2x | 12.6x | 0.2x |
| Thu, 03 Feb 2022 | ₹186.4b | ₹676.2b | ₹11.2b | 49.2x | 16.6x | 0.3x |
| Sat, 01 Jan 2022 | ₹168.2b | ₹675.7b | ₹11.1b | 53.2x | 15.1x | 0.2x |
| Mon, 29 Nov 2021 | ₹171.8b | ₹675.7b | ₹11.1b | 46.7x | 15.5x | 0.3x |
| Wed, 27 Oct 2021 | ₹159.9b | ₹657.0b | ₹9.6b | 20.6x | 16.7x | 0.2x |
| Fri, 24 Sep 2021 | ₹160.9b | ₹656.6b | ₹9.6b | 22.8x | 16.7x | 0.2x |
| Sun, 22 Aug 2021 | ₹155.7b | ₹656.6b | ₹9.6b | 22x | 16.1x | 0.2x |
| Fri, 09 Jul 2021 | ₹138.1b | ₹656.6b | ₹9.6b | 17.7x | 14.3x | 0.2x |
Price to Earnings Ratio
17.2x
Current Industry PE
- Investors are optimistic on the Indian Technology Distributors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.1x which is higher than its 3-year average PE of 13.7x.
- The industry is trading close to its 3-year average PS ratio of 0.23x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Technology Distributors compare with similar industries?
| IN Market | -1.98% | |
| Tech | 1.08% | |
| Electronic Equipment and Components | -4.75% | |
| Technology Distributors | -4.12% | |
| Electronic Equipment and Instruments | -3.98% | |
| Electronic Manufacturing Services | -4.64% | |
| Electronic Components | -13.10% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 512149 Avance Technologies | ₹1.13 | 17.7% +₹336.9m | 564.7% | PE82.3x | |
| NEWJAISA Newjaisa Technologies | ₹102.15 | 5.1% +₹159.3m | n/a | PE43.4x | |
| 509945 Thacker | ₹700.35 | 10.2% +₹70.5m | 80.0% | PE5.3x | |
| 511187 Millennium Online Solutions (India) | ₹3.67 | 26.6% +₹38.5m | 200.8% | PS7.1x | |
| 543830 Labelkraft Technologies | ₹69.11 | 6.3% +₹13.3m | 23.8% | PE54.5x |