Riddhi Corporate Services Ltd

Riddhi Corporate Services Ltd

₹ 60.4 0.50%
27 Nov 11:08 a.m.
About

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]

Key Points

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

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
23.23 32.47 36.84 42.84 49.49 56.71 51.14 47.10 44.37 30.32 52.09 55.76 66.47
23.76 24.67 29.89 34.13 39.94 46.41 41.42 38.82 37.45 22.54 45.49 48.26 59.03
Operating Profit -0.53 7.80 6.95 8.71 9.55 10.30 9.72 8.28 6.92 7.78 6.60 7.50 7.44
OPM % -2.28% 24.02% 18.87% 20.33% 19.30% 18.16% 19.01% 17.58% 15.60% 25.66% 12.67% 13.45% 11.19%
3.48 0.47 1.84 0.12 0.54 0.23 0.49 1.18 1.49 0.68 1.52 0.87 0.80
Interest 0.18 1.15 1.99 2.23 2.18 2.12 2.08 1.92 1.98 1.85 1.86 1.81 1.77
Depreciation 1.13 4.23 4.76 5.13 5.11 5.02 4.72 5.29 5.05 4.47 4.47 4.46 4.44
Profit before tax 1.64 2.89 2.04 1.47 2.80 3.39 3.41 2.25 1.38 2.14 1.79 2.10 2.03
Tax % 39.63% 25.26% 14.71% 25.17% 19.64% 23.60% 27.27% 25.33% 25.36% 25.23% 53.07% 24.76% 24.63%
1.00 2.16 1.74 1.11 2.25 2.58 2.48 1.68 1.03 1.60 0.83 1.59 1.53
EPS in Rs 0.88 1.90 1.53 0.98 1.98 2.27 2.09 1.42 0.87 1.35 0.70 1.34 1.29
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.85% 71.85% 71.85% 71.23% 71.23% 71.23% 68.28% 68.28% 68.28% 68.28% 68.28% 68.28%
0.00% 0.00% 0.00% 0.00% 1.32% 1.32% 1.26% 1.26% 0.00% 0.00% 0.00% 1.18%
28.15% 28.15% 28.15% 28.78% 27.47% 27.46% 30.46% 30.46% 31.73% 31.74% 31.72% 30.55%
No. of Shareholders 3193143123806066739041,0861,5231,6592,1322,562

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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