{"id":71424,"date":"2026-04-15T10:59:25","date_gmt":"2026-04-15T05:29:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=71424"},"modified":"2026-04-15T10:59:27","modified_gmt":"2026-04-15T05:29:27","slug":"redington-share-price-falls-us-tariff-it-distribution-margin","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/","title":{"rendered":"Redington Drops 6.3% on IT Distribution Margins Squeezed by US Tariff Chain \u2014 Is This a Buying Opportunity or a Warning?"},"content":{"rendered":"<p><strong>Redington<\/strong> (NSE: REDINGTON) \u2014 India&#8217;s largest IT products distributor, moving Apple, HP, Cisco, and Lenovo hardware across India and the Middle East \u2014 fell 6.3% on April 13 as the cascading impact of the US 25% tariff on electronics components hit distributor margins across the supply chain.<\/p><p>Redington distributes to 38,000+ channel partners across 24 countries. It is the invisible infrastructure of India&#8217;s enterprise and consumer IT market. When Cisco sells a switch to Wipro, or Apple sells an iPhone to a retailer in Chennai, Redington is the logistics and credit engine behind the transaction. But when US tariffs disrupt the entire supply chain pricing structure, Redington&#8217;s thin 2.5% distribution margins face compression risk.<\/p><p>Get SEBI-registered analyst research on IT distribution stocks on <a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Event_at_a_Glance\" title=\"Event at a Glance\">Event at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Why_the_Market_Is_Selling_Redington\" title=\"Why the Market Is Selling Redington\">Why the Market Is Selling Redington<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#US_Tariff_Cascades_Through_IT_Hardware_Supply_Chain\" title=\"US Tariff Cascades Through IT Hardware Supply Chain\">US Tariff Cascades Through IT Hardware Supply Chain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Middle_East_Exposure_During_Gulf_Conflict\" title=\"Middle East Exposure During Gulf Conflict\">Middle East Exposure During Gulf Conflict<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Working_Capital_Cycle_Risk\" title=\"Working Capital Cycle Risk\">Working Capital Cycle Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#FII_Exit_from_IT_Distribution_Theme\" title=\"FII Exit from IT Distribution Theme\">FII Exit from IT Distribution Theme<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#The_Bull_Case_Redingtons_Fundamental_Business_Is_Sound\" title=\"The Bull Case: Redington&#8217;s Fundamental Business Is Sound\">The Bull Case: Redington&#8217;s Fundamental Business Is Sound<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#The_Nuance_the_Market_May_Be_Missing\" title=\"The Nuance the Market May Be Missing\">The Nuance the Market May Be Missing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Share_Price_How_We_Got_Here\" title=\"Share Price: How We Got Here\">Share Price: How We Got Here<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#3_Scenarios_What_Happens_Next\" title=\"3 Scenarios: What Happens Next?\">3 Scenarios: What Happens Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Business_Segments_Where_Revenue_Comes_From\" title=\"Business Segments: Where Revenue Comes From\">Business Segments: Where Revenue Comes From<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#What_Should_Investors_Do\" title=\"What Should Investors Do?\">What Should Investors Do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_Why_is_Redington_share_price_falling\" title=\"Q: Why is Redington share price falling?\">Q: Why is Redington share price falling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_What_does_Redington_do\" title=\"Q: What does Redington do?\">Q: What does Redington do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_What_is_Redingtons_revenue\" title=\"Q: What is Redington&#8217;s revenue?\">Q: What is Redington&#8217;s revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_Is_Redington_affected_by_US_tariffs\" title=\"Q: Is Redington affected by US tariffs?\">Q: Is Redington affected by US tariffs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_What_is_Redingtons_analyst_target\" title=\"Q: What is Redington&#8217;s analyst target?\">Q: What is Redington&#8217;s analyst target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_What_is_Redingtons_market_cap\" title=\"Q: What is Redington&#8217;s market cap?\">Q: What is Redington&#8217;s market cap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_Does_Redington_benefit_from_Apple_India_manufacturing\" title=\"Q: Does Redington benefit from Apple India manufacturing?\">Q: Does Redington benefit from Apple India manufacturing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Q_Is_Redington_a_good_investment\" title=\"Q: Is Redington a good investment?\">Q: Is Redington a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/redington-share-price-falls-us-tariff-it-distribution-margin\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Event_at_a_Glance\"><\/span><strong>Event at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>Date of Fall<\/td><td>April 13, 2026<\/td><\/tr><tr><td>% Decline (Day)<\/td><td>-6.3%<\/td><\/tr><tr><td>CMP<\/td><td>Rs 263<\/td><\/tr><tr><td>52W High<\/td><td>Rs 355 (Sep 2025)<\/td><\/tr><tr><td>52W Low<\/td><td>Rs 220<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 20,500 Cr<\/td><\/tr><tr><td>Trailing P\/E<\/td><td>15x<\/td><\/tr><tr><td>Analyst Target<\/td><td>Rs 300\u2013340<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Market_Is_Selling_Redington\"><\/span><strong>Why the Market Is Selling Redington<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Access SEBI-registered research on <strong>Redington<\/strong> on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"US_Tariff_Cascades_Through_IT_Hardware_Supply_Chain\"><\/span><strong>US Tariff Cascades Through IT Hardware Supply Chain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 25% US tariff on electronics components manufactured in China \u2014 Apple, Dell, HP \u2014 creates an immediate pricing dilemma. Vendors either absorb margin or raise product prices. When product prices rise, enterprise IT purchasing decisions get deferred. Redington&#8217;s revenue is directly tied to enterprise IT spending volumes.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Middle_East_Exposure_During_Gulf_Conflict\"><\/span><strong>Middle East Exposure During Gulf Conflict<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington&#8217;s Middle East business \u2014 24% of revenue \u2014 is concentrated in UAE, Saudi Arabia, and Gulf markets. The West Asia conflict creates logistics disruption risk and may delay enterprise IT procurement by Gulf-based businesses.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Working_Capital_Cycle_Risk\"><\/span><strong>Working Capital Cycle Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington extends credit to 38,000+ channel partners. In an environment where enterprise IT spending is deferred, Redington&#8217;s debtors may stretch payment timelines \u2014 compressing working capital and net interest costs.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FII_Exit_from_IT_Distribution_Theme\"><\/span><strong>FII Exit from IT Distribution Theme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>FII holding in Redington declined from 18.5% to 15.2% in the past two quarters. International investors are reducing exposure to India-listed IT distribution companies amid uncertainty about US tech tariff trajectory.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Bull_Case_Redingtons_Fundamental_Business_Is_Sound\"><\/span><strong>The Bull Case: Redington&#8217;s Fundamental Business Is Sound<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Redington just crossed Rs 1,000 crore annual EBITDA for the first time in FY26 \u2014 the earnings scale now justifies re-rating once macro uncertainty clears.<\/p><p>Cloud services distribution (AWS, Azure, Google Cloud reseller agreements) is growing 35%+ and carries better margins than hardware distribution \u2014 a structural mix improvement.<\/p><p>Apple&#8217;s India manufacturing push (35% of iPhones now made in India) reduces the tariff risk for Apple products specifically \u2014 Redington&#8217;s largest hardware vendor.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Nuance_the_Market_May_Be_Missing\"><\/span><strong>The Nuance the Market May Be Missing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The counter-narrative: Redington has actually benefited from enterprise hardware refresh cycles triggered by AI adoption. Indian enterprises are deploying GPU servers, AI-optimised networking equipment, and edge computing hardware at unprecedented rates. Redington is the primary logistics partner for Nvidia hardware (via Ingram Micro channel) reaching Indian enterprises. The market is pricing tariff risk; it is not pricing the AI hardware supercycle benefit.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share_Price_How_We_Got_Here\"><\/span><strong>Share Price: How We Got Here<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Level<\/strong><\/td><td><strong>Price<\/strong><\/td><td><strong>Context<\/strong><\/td><\/tr><tr><td>Sep 2025 Peak<\/td><td>Rs 355<\/td><td>Post-Q2 FY26 cloud revenue beat<\/td><\/tr><tr><td>Pre-Fall (Apr 12)<\/td><td>Rs 280<\/td><td>Before tariff cascade concern<\/td><\/tr><tr><td>Apr 13, 2026<\/td><td>Rs 263<\/td><td>Current; 6.3% single-day fall<\/td><\/tr><tr><td>Support Level<\/td><td>Rs 235\u2013245<\/td><td>Near 52-week low zone<\/td><\/tr><tr><td>52W Low<\/td><td>Rs 220<\/td><td>Key technical floor<\/td><\/tr><\/tbody><\/table><\/figure><p>Track <strong>Redington<\/strong>&#8216;s live price and fundamentals on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>. Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for real-time alerts.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Scenarios_What_Happens_Next\"><\/span><strong>3 Scenarios: What Happens Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Scenario<\/strong><\/td><td><strong>Target Price<\/strong><\/td><td><strong>Key Assumption<\/strong><\/td><\/tr><tr><td>Bear<\/td><td>Rs 220 (\u201316%)<\/td><td>Tariff escalation; Middle East logistics disrupted; enterprise IT freeze<\/td><\/tr><tr><td>Base<\/td><td>Rs 290\u2013310 (+10\u201318%)<\/td><td>Tariff impact partial; cloud growth accelerates; Apple India manufacturing<\/td><\/tr><tr><td>Bull<\/td><td>Rs 330\u2013350 (+25\u201333%)<\/td><td>Tariff resolution; AI hardware supercycle visible in Q1 FY27 numbers<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Segments_Where_Revenue_Comes_From\"><\/span><strong>Business Segments: Where Revenue Comes From<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Segment<\/strong><\/td><td><strong>Revenue Share<\/strong><\/td><td><strong>Key Drivers<\/strong><\/td><\/tr><tr><td>India IT Distribution<\/td><td>54%<\/td><td>Apple, HP, Cisco, Lenovo hardware + cloud<\/td><\/tr><tr><td>Middle East \/ Africa<\/td><td>24%<\/td><td>UAE, Saudi, Gulf enterprise and retail<\/td><\/tr><tr><td>South Asia<\/td><td>12%<\/td><td>Sri Lanka, Bangladesh, Nepal channel<\/td><\/tr><tr><td>Cloud Services<\/td><td>10%<\/td><td>AWS, Azure, Google Cloud reseller<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Should_Investors_Do\"><\/span><strong>What Should Investors Do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro<\/strong><\/a> for SEBI-registered analyst recommendations with entry, stop-loss, and target on Redington.<\/p><p>Redington at Rs 263 and 15x trailing P\/E is the cheapest valuation in 2 years for this business. The risk is that the tariff environment and Middle East conflict both persist through Q1 FY27, pressuring the next two quarters of earnings. Patient investors with a 12\u201318 month horizon may find the current level attractive; momentum traders should wait for the Rs 280 breakout before re-entering.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Redington&#8217;s 6.3% fall reflects legitimate concern about the US tariff impact on IT hardware distribution margins and Middle East business exposure. But at 15x P\/E and with cloud services growing 35%+, the stock appears to be pricing in more pessimism than the actual business warrants. Track live fundamentals on<a href=\"https:\/\/univest.in\/user\/log-in\"> Univest<\/a> and <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><p><strong>Disclaimer: <\/strong>This article is for informational and educational purposes only and does not constitute investment advice. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Why_is_Redington_share_price_falling\"><\/span><strong>Q: Why is Redington share price falling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington fell 6.3% on April 13, 2026, as the US tariff&#8217;s cascade impact on electronics supply chain margins raised concerns about Redington&#8217;s distribution margin sustainability. Middle East conflict exposure and FII selling added to pressure.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_does_Redington_do\"><\/span><strong>Q: What does Redington do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington is India&#8217;s largest IT products distributor \u2014 it distributes Apple, HP, Cisco, Dell, Lenovo, and other electronics brands to 38,000+ channel partners across India, the Middle East, South Asia, and Africa. It also distributes cloud services (AWS, Azure, Google Cloud).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Redingtons_revenue\"><\/span><strong>Q: What is Redington&#8217;s revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington&#8217;s FY26 revenue is approximately Rs 88,000 crore \u2014 making it one of India&#8217;s largest companies by revenue. EBITDA crossed Rs 1,000 crore in FY26 for the first time. Net profit margin is thin at 1.5\u20132% due to the distribution business model.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Is_Redington_affected_by_US_tariffs\"><\/span><strong>Q: Is Redington affected by US tariffs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Yes. The 25% US tariff on electronics manufactured in China impacts the pricing of products Redington distributes \u2014 particularly HP, Dell, Lenovo, and Cisco products. Rising product prices may defer enterprise IT purchasing decisions, reducing Redington&#8217;s transaction volumes.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Redingtons_analyst_target\"><\/span><strong>Q: What is Redington&#8217;s analyst target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analyst consensus 12-month target for Redington is Rs 300\u2013340, implying 14\u201329% upside from the current price of Rs 263. Check the Univest Screener for latest ratings.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_Redingtons_market_cap\"><\/span><strong>Q: What is Redington&#8217;s market cap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Redington&#8217;s market cap is approximately Rs 20,500 crore at Rs 263. The company&#8217;s 52-week high is Rs 355 and 52-week low is Rs 220.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Does_Redington_benefit_from_Apple_India_manufacturing\"><\/span><strong>Q: Does Redington benefit from Apple India manufacturing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Yes. Apple manufacturing approximately 35% of iPhones in India reduces the US tariff risk for Apple products specifically. Since Apple is Redington&#8217;s largest hardware vendor, this is a structural positive for Redington&#8217;s India distribution business.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Is_Redington_a_good_investment\"><\/span><strong>Q: Is Redington a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>This article is for informational purposes only. Redington at 15x P\/E and near 52-week low territory may offer attractive risk-reward for patient investors. Consult a SEBI-registered financial advisor before investing.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/why-raymonds-share-price-falling\">Why is Raymond\u2019s Share Price Falling?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-gacm-technologies-share-price-falling\">Why is the GACM Technologies Share Price Falling?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-regaal-resources-share-price-falling\">Why is Regaal Resources Share Price Falling?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-mangalore-refinery-petrochemicals-share-price-falling\">Why is Mangalore Refinery &amp; Petrochemicals (MRPL) Share Price Falling?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/why-all-time-plastics-share-price-falling\">Why is All Time Plastics Share Price Falling?<\/a><\/p><p><\/p>","protected":false},"excerpt":{"rendered":"<p>Redington (NSE: REDINGTON) \u2014 India&#8217;s largest IT products distributor, moving Apple, HP, Cisco, and Lenovo hardware across India and the Middle East \u2014 fell 6.3% on April 13 as the cascading impact of the US 25% tariff on electronics components hit distributor margins across the supply chain. 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24<\/p>\n","protected":false},"author":26,"featured_media":71430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-71424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"_edit_lock":["1776231218:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["72"],"rank_math_focus_keyword":["Redington"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_thumbnail_id":["71430"],"_edit_last":["26"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_att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