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 ₹ 83.1 Cr.
- Current Price ₹ 70.0
- High / Low ₹ 83.0 / 56.2
- Stock P/E 6.26
- Book Value ₹ 58.0
- Dividend Yield 1.40 %
- ROCE 13.7 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 58.8% CAGR over last 5 years
Cons
- Tax rate seems low
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.14.0 Cr.
- Promoter holding has decreased over last 3 years: -3.57%
* 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
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 27 | 42 | 67 | 20 | 50 | 81 | 86 | 109 | 200 | 174 | 255 | 301 | |
20 | 23 | 36 | 65 | 19 | 47 | 77 | 82 | 94 | 162 | 144 | 226 | 274 | |
Operating Profit | 3 | 4 | 5 | 3 | 1 | 3 | 4 | 4 | 15 | 39 | 30 | 29 | 26 |
OPM % | 11% | 14% | 13% | 4% | 7% | 6% | 4% | 4% | 14% | 19% | 17% | 12% | 9% |
0 | 0 | 0 | 2 | 1 | 1 | -2 | 4 | 8 | 1 | 5 | 12 | 14 | |
Interest | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 4 | 9 | 8 | 7 | 7 |
Depreciation | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 11 | 20 | 19 | 19 | 19 |
Profit before tax | 2 | 4 | 5 | 4 | 1 | 3 | 1 | 5 | 8 | 11 | 8 | 15 | 15 |
Tax % | 53% | 24% | 39% | 40% | 31% | 24% | 154% | 35% | 26% | 24% | 32% | 12% | |
1 | 3 | 3 | 2 | 1 | 3 | -1 | 3 | 6 | 8 | 5 | 14 | 13 | |
EPS in Rs | 3.07 | 0.82 | 2.26 | -0.48 | 2.72 | 5.13 | 7.10 | 4.33 | 11.41 | 11.19 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 9% | 0% | 0% | 10% | 0% | 11% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 26% |
3 Years: | 33% |
TTM: | 59% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 59% |
3 Years: | 29% |
TTM: | 163% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -16% |
3 Years: | -20% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.01 | 2 | 3 | 11 | 11 | 11 | 11 | 12 | 12 | 12 |
Reserves | 2 | 5 | 8 | 8 | 20 | 14 | 14 | 17 | 23 | 40 | 44 | 57 |
2 | 1 | 2 | 3 | 6 | 4 | 5 | 8 | 141 | 125 | 110 | 94 | |
10 | 13 | 12 | 17 | 4 | 8 | 10 | 15 | 28 | 21 | 29 | 31 | |
Total Liabilities | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 194 |
1 | 1 | 1 | 1 | 1 | 1 | 2 | 9 | 140 | 120 | 104 | 97 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 9 | 11 | 24 | 22 | 14 | 21 | 24 | 35 | 36 | 0 |
13 | 18 | 11 | 18 | 10 | 15 | 24 | 21 | 39 | 43 | 55 | 96 | |
Total Assets | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 194 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 3 | 4 | 0 | -3 | 5 | -1 | 6 | 12 | -19 | 5 | 37 | |
-1 | -0 | -6 | -1 | -12 | 2 | 5 | -10 | -4 | -11 | -8 | -9 | |
1 | -0 | 0 | 0 | 15 | -2 | 0 | -2 | -10 | 30 | 3 | -23 | |
Net Cash Flow | 4 | 2 | -2 | -0 | 0 | 5 | 4 | -6 | -1 | 0 | -0 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 123 | 130 | 86 | 89 | 91 | 20 | 19 | 13 | 60 | 26 | 77 | 61 |
Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Days Payable | ||||||||||||
Cash Conversion Cycle | 123 | 130 | 86 | 89 | 91 | 20 | 19 | 13 | 60 | 26 | 77 | 61 |
Working Capital Days | -27 | -30 | -21 | -1 | -43 | -30 | -17 | -37 | -48 | -16 | 1 | 28 |
ROCE % | 76% | 76% | 69% | 42% | 10% | 16% | 16% | 13% | 11% | 11% | 9% | 14% |
Documents
Announcements
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Reg. 32 (1) And (3) Of Sebi LODR - Statement Of Deviation And Variation For Quarter Ended June 2025
13 Aug - No deviation in utilization of IPO and preferential issue proceeds as per SEBI Regulation 32.
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Announcement under Regulation 30 (LODR)-Change in Directorate
13 Aug - Q1 2025 unaudited results approved; Nehal Kargatia appointed CEO and executive director.
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Board Meeting Outcome for The Board Of Riddhi Corporate Services Limited, In Their Meeting Held On Wednesday On 13.08.2025 Which Was Commenced At 7.00 P.M And Concluded At 7.45 P.M At The Registered Office Of The Company
13 Aug - Q1 2025 unaudited results approved; Nehal Kargatia appointed CEO and additional director.
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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 Wednesday, 13Th August, 2025 At The Registered Office Of The Company At 10 MILL OFFICERS COLONY, BEHIND OLD RBI, ASHRAM ROAD, AHMEDABAD 380009
8 Aug - Board meeting on Aug 13 to approve Q1 FY2025-26 financial results and discuss other matters.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - Find attached Certificate Under Reg. 74(5) of SEBI (DP) Regulation for Quarter ended 30.06.2025
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