Riddhi Corporate Services Ltd
Incorporated in 2010, Riddhi Corporate Services Ltd offers solutions under document management, inbound and outbound contact centre, data entry, software development, verification services and recruitment services[1]
- Market Cap ₹ 71.7 Cr.
- Current Price ₹ 60.4
- High / Low ₹ 154 / 57.0
- Stock P/E 12.9
- Book Value ₹ 49.8
- Dividend Yield 1.63 %
- ROCE 8.93 %
- ROE 9.55 %
- Face Value ₹ 10.0
Pros
Cons
- Debtor days have increased from 54.4 to 77.5 days.
- Promoter holding has decreased over last 3 years: -3.20%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 23 | 27 | 42 | 67 | 20 | 50 | 81 | 86 | 109 | 200 | 174 | 205 | |
10 | 20 | 23 | 36 | 65 | 19 | 47 | 77 | 82 | 94 | 162 | 144 | 175 | |
Operating Profit | 1 | 3 | 4 | 5 | 3 | 1 | 3 | 4 | 4 | 15 | 39 | 30 | 29 |
OPM % | 11% | 11% | 14% | 13% | 4% | 7% | 6% | 4% | 4% | 14% | 19% | 17% | 14% |
0 | 0 | 0 | 0 | 2 | 1 | 1 | -2 | 4 | 8 | 1 | 5 | 4 | |
Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 4 | 9 | 8 | 7 |
Depreciation | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 11 | 20 | 19 | 18 |
Profit before tax | 1 | 2 | 4 | 5 | 4 | 1 | 3 | 1 | 5 | 8 | 11 | 8 | 8 |
Tax % | 31% | 53% | 24% | 39% | 40% | 31% | 24% | 154% | 35% | 26% | 24% | 32% | |
1 | 1 | 3 | 3 | 2 | 1 | 3 | -1 | 3 | 6 | 8 | 5 | 6 | |
EPS in Rs | 3.07 | 0.82 | 2.26 | -0.48 | 2.72 | 5.13 | 7.10 | 4.33 | 4.68 | ||||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 0% | 0% | 10% | 0% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 28% |
3 Years: | 27% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 9% |
3 Years: | 30% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -21% |
3 Years: | -26% |
1 Year: | -55% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 13% |
3 Years: | 16% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 2 | 3 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
Reserves | 1 | 2 | 5 | 8 | 8 | 20 | 14 | 14 | 17 | 23 | 40 | 44 | 47 |
0 | 2 | 1 | 2 | 3 | 6 | 4 | 5 | 8 | 141 | 125 | 110 | 105 | |
5 | 10 | 13 | 12 | 17 | 4 | 8 | 10 | 15 | 28 | 21 | 29 | 27 | |
Total Liabilities | 7 | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 192 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 9 | 140 | 120 | 104 | 95 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 9 | 11 | 24 | 22 | 14 | 21 | 24 | 35 | 36 | 38 |
6 | 13 | 18 | 11 | 18 | 10 | 15 | 24 | 21 | 39 | 43 | 55 | 58 | |
Total Assets | 7 | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 192 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 4 | 3 | 4 | 0 | -3 | 5 | -1 | 6 | 12 | -19 | 5 | |
-0 | -1 | -0 | -6 | -1 | -12 | 2 | 5 | -10 | -4 | -11 | -8 | |
0 | 1 | -0 | 0 | 0 | 15 | -2 | 0 | -2 | -10 | 30 | 3 | |
Net Cash Flow | 1 | 4 | 2 | -2 | -0 | 0 | 5 | 4 | -6 | -1 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 162 | 123 | 130 | 86 | 89 | 91 | 20 | 19 | 13 | 60 | 26 | 77 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Days Payable | ||||||||||||
Cash Conversion Cycle | 162 | 123 | 130 | 86 | 89 | 91 | 20 | 19 | 13 | 60 | 26 | 77 |
Working Capital Days | 7 | -27 | -30 | -21 | 2 | 62 | -1 | 5 | -11 | 28 | 33 | 58 |
ROCE % | 127% | 76% | 76% | 69% | 42% | 10% | 16% | 16% | 13% | 11% | 11% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
14 Nov - Board approved financial results and auditor resignation.
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Board Meeting Outcome for The Board Of Riddhi Corporate Services Limited, In Their Meeting Held On Thursday On 14Th November 2024 Which Was Commenced At 07.00 P.M And Concluded At 09.00 P.M At The Registered Office Of The Company
14 Nov - Board meeting outcome including financial results and auditor resignation.
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Statement Of Deviation And/Or Variation In Utilization Of Public Issue Proceeds Pursuant To Regulation 32 Of SEBI (Listing Obligations And Disclosures Requirements) Regulation, 2015
14 Nov - No deviation in utilization of public issue proceeds.
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RELATED PARTY TRANSACTION - SEPTEMBER 2024
14 Nov - Disclosure of related party transactions for FY 2024.
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Board Meeting Intimation for We Here By Informed You That A Meeting Of The Board Of The Company Will Be Held On Thursday, 14Th November, 2024 At The Registered Office Of The Company At 10 MILL OFFICERS COLONY, BEHIND OLD RBI, ASHRAM ROAD, AHMEDABAD 380009
8 Nov - Board meeting to discuss Q2 financial results.
Business Overview:[1]
RCSL is a part of Riddhi Group. It is an ISO 9001:2015, ISO 27001:2013 & CMMi Level-3 certified company which provides solutions under Document Management, inbound and outbound Contact Centre, Data Entry, Software Development, Verification Services and Recruitment Services. It offers global logistics solutions for the transit needs of various companies and individuals