Redington limited - a gem which should be a part for all portfolio for long term

Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products. Having a client base with Samsung, HP, Wipro , Xiaomi etc. The company's management includes J Ramachandran, R Srinivasan, Raj Shankar, M Raghunandan, R Jayachandran, Tu Shu Chyuan, N Srinivasan, M Muthukumarasamy, Nainesh Jaisingh, Lin Tai Yang, V S Hariharan, Keith WF Bradley, Suchitra Rajagopalan.

It is listed on the BSE with a BSE Code of 532805, NSE with an NSE Symbol of REDINGTON

Current price - 110/-

Target Price - 450/-

FUNDAMENTALS

Particulars	Mar ' 15	Mar ' 14	Mar ' 13	Mar ' 12	Mar ' 11
Sales	12,021	11,257	10,410	9,840	8,323
Operating profit	302	289	298	290	244
Interest	62	77	84	77	43
Gross profit	289	260	259	244	207

Points to watch 

1. Increase in sales

2. Reduction in  interest expenses

3. Cash flow from operating activities increased impressively. 

4. Good return on equity in the last 5 years

TECHNICAL REASON

Share is consolidating in a range for a long time. so its a time it will rose to a new high. Potentially its a multibagger and one can hold it for long term in their portfolio. 

Company website - https://www.redingtonindia.com/

Disclosure - I am not a research analyst and expressing opinion only as an individual investor in Indian equities. Readers should consult their financial advisers before any investment.