Redington Adjusts Valuation Grade Amid Competitive IT Hardware Market Dynamics

Redington, a midcap player in the IT hardware sector, has recently undergone a valuation adjustment. The company currently exhibits a price-to-earnings (PE) ratio of 15.46 and a price-to-book value of 2.57. Its enterprise value to EBITDA stands at 10.34, while the enterprise value to EBIT is recorded at 11.61. Additionally, Redington shows a PEG ratio of 3.02 and a dividend yield of 2.48%. The return on capital employed (ROCE) is reported at 21.15%, and the return on equity (ROE) is at 15.85%.
In terms of market performance, Redington's stock price has seen fluctuations, with a current price of 250.05, compared to a previous close of 227.60. Over the past year, the stock has returned 23.63%, significantly outperforming the Sensex, which returned 5.87% in the same period.

When compared to peers, Redington's valuation metrics indicate a competitive position within the industry. For instance, Tejas Networks, another player in the sector, has a higher PE ratio of 21.18 and an enterprise value to EBITDA of 11.36, highlighting the varying market perceptions and financial standings among competitors.