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 ₹ 75.8 Cr.
- Current Price ₹ 63.9
- High / Low ₹ 83.0 / 56.2
- Stock P/E 7.85
- Book Value ₹ 61.7
- Dividend Yield 0.77 %
- ROCE 13.6 %
- ROE 21.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.03 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 58.8% CAGR over last 5 years
Cons
- Earnings include an other income of Rs.11.4 Cr.
* 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 | 167 | 255 | 443 | |
| 20 | 23 | 36 | 65 | 19 | 47 | 77 | 82 | 94 | 162 | 137 | 226 | 419 | |
| Operating Profit | 3 | 4 | 5 | 3 | 1 | 3 | 4 | 4 | 15 | 39 | 30 | 29 | 24 |
| OPM % | 11% | 14% | 13% | 4% | 7% | 6% | 4% | 4% | 14% | 19% | 18% | 12% | 5% |
| 0 | 0 | 0 | 2 | 1 | 1 | -2 | 4 | 8 | 1 | 5 | 12 | 11 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 4 | 9 | 8 | 7 | 6 |
| Depreciation | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 11 | 20 | 19 | 19 | 16 |
| Profit before tax | 2 | 4 | 5 | 4 | 1 | 3 | 1 | 5 | 8 | 11 | 8 | 15 | 14 |
| 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 | 10 | |
| EPS in Rs | 3.07 | 0.82 | 2.26 | -0.48 | 2.72 | 5.13 | 7.10 | 4.33 | 11.42 | 8.14 | |||
| 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: | 84% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 59% |
| 3 Years: | 29% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -17% |
| 3 Years: | -42% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 2 | 3 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| Reserves | 2 | 5 | 8 | 8 | 20 | 14 | 14 | 17 | 23 | 40 | 44 | 57 | 61 |
| 2 | 1 | 2 | 3 | 6 | 4 | 5 | 8 | 141 | 125 | 110 | 94 | 43 | |
| 10 | 13 | 12 | 17 | 4 | 8 | 10 | 15 | 28 | 21 | 29 | 31 | 52 | |
| Total Liabilities | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 194 | 169 |
| 1 | 1 | 1 | 1 | 1 | 1 | 2 | 9 | 140 | 120 | 104 | 97 | 50 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 9 | 11 | 24 | 22 | 14 | 21 | 24 | 35 | 0 | 0 | 0 |
| 13 | 18 | 11 | 18 | 10 | 15 | 24 | 21 | 39 | 43 | 91 | 96 | 119 | |
| Total Assets | 14 | 19 | 22 | 30 | 34 | 38 | 40 | 51 | 203 | 198 | 196 | 194 | 169 |
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 | 22 | 37 | |
| -1 | -0 | -6 | -1 | -12 | 2 | 5 | -10 | -4 | -11 | -8 | -9 | |
| 1 | -0 | 0 | 0 | 15 | -2 | 0 | -2 | -10 | 30 | -14 | -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 | 81 | 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 | 81 | 61 |
| Working Capital Days | -27 | -30 | -21 | -1 | -43 | -30 | -17 | -37 | -48 | -16 | 51 | 28 |
| ROCE % | 76% | 76% | 69% | 42% | 10% | 16% | 16% | 13% | 11% | 11% | 9% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Find attached the newspaper publication w.r.t the postal ballot notice as well as the proposed change in the Objects of the proceed of the public …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 27 Feb
-
Consideration Of The Deviation/Variation In The Object Clause Of The Initial Public Issue As Stated In The Prospectus Of The Company, Subject To The Approval Of Shareholder
26 Feb - Board on Feb 26, 2026 approved postal ballot for IPO object-clause change; proposed 5-year secretarial auditor appointment; NSDL e-voting.
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. On February 26, 2026 In Terms Of Second Proviso To Regulation 30(6) Of SEBI (LODR) Regulations, 2015.
26 Feb - Board approved shareholders' approval for IPO object-clause change; postal ballot, NSDL e-voting, secretarial auditor appointed.
-
Clarification Regarding Limited Review Report - Standalone Financial Results For Quarter Ended December 31, 2025
21 Feb - Auditor misnamed company in Limited Review Report for quarter ended 31-Dec-2025; corrected LRR enclosed; results submitted.
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