Riddhi Corporate Services Ltd

Riddhi Corporate Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Riddhi Corporate Services Ltd

₹ 107 -2.33%
26 Apr 1:02 p.m.
riddhicorporate.co.in BSE: 540590
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

Website BSE
  • Market Cap ₹ 127 Cr.
  • Current Price ₹ 107
  • High / Low ₹ 278 / 86.0
  • Stock P/E 18.7
  • Book Value ₹ 45.6
  • Dividend Yield 0.48 %
  • ROCE 11.5 %
  • ROE 20.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 55.6% CAGR over last 5 years
  • Debtor days have improved from 32.9 to 25.8 days.
  • Company's median sales growth is 53.9% of last 10 years

Cons

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
23.24 26.10 16.17 23.23 32.47 36.84 42.84 49.49 56.71 51.14 47.10 44.37 30.32
21.30 26.09 15.66 23.76 24.67 29.89 34.13 39.94 46.41 41.42 38.82 37.45 22.51
Operating Profit 1.94 0.01 0.51 -0.53 7.80 6.95 8.71 9.55 10.30 9.72 8.28 6.92 7.81
OPM % 8.35% 0.04% 3.15% -2.28% 24.02% 18.87% 20.33% 19.30% 18.16% 19.01% 17.58% 15.60% 25.76%
0.73 1.99 1.79 3.48 0.47 1.84 0.12 0.54 0.23 0.49 1.18 1.49 0.68
Interest 0.22 0.12 0.10 0.18 1.15 1.99 2.23 2.18 2.12 2.08 1.92 1.98 1.85
Depreciation 0.92 0.95 0.94 1.13 4.23 4.76 5.13 5.11 5.02 4.72 5.29 5.05 4.50
Profit before tax 1.53 0.93 1.26 1.64 2.89 2.04 1.47 2.80 3.39 3.41 2.25 1.38 2.14
Tax % 24.84% 77.42% 25.40% 39.63% 25.26% 14.71% 25.17% 19.64% 23.60% 27.27% 25.33% 25.36% 25.23%
1.14 0.21 0.94 1.00 2.16 1.74 1.11 2.25 2.58 2.48 1.68 1.03 1.60
EPS in Rs 1.00 0.18 0.83 0.88 1.90 1.53 0.98 1.98 2.27 2.09 1.42 0.87 1.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5 11 23 27 42 67 20 50 81 86 109 200 173
4 10 20 23 36 65 19 47 77 82 94 162 140
Operating Profit 0 1 3 4 5 3 1 3 4 4 15 39 33
OPM % 10% 11% 11% 14% 13% 4% 7% 6% 4% 4% 14% 19% 19%
0 0 0 0 0 2 1 1 -2 4 8 1 4
Interest 0 0 0 0 0 1 1 1 0 1 4 9 8
Depreciation 0 0 1 0 0 1 0 0 0 3 11 20 20
Profit before tax 0 1 2 4 5 4 1 3 1 5 8 11 9
Tax % 32% 31% 53% 24% 39% 40% 31% 24% 154% 35% 26% 24%
0 1 1 3 3 2 1 3 -1 3 6 8 7
EPS in Rs 3.07 0.82 2.26 -0.48 2.72 5.13 7.10 5.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 9% 0% 0% 10% 0%
Compounded Sales Growth
10 Years: 34%
5 Years: 59%
3 Years: 35%
TTM: -7%
Compounded Profit Growth
10 Years: 26%
5 Years: 56%
3 Years: 85%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -13%
1 Year: -53%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 17%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 0 0 2 3 11 11 11 11 12 12
Reserves 0 1 2 5 8 8 20 14 14 17 23 37 42
0 0 2 1 2 3 6 4 5 8 141 125 114
2 5 10 13 12 17 4 8 10 15 28 24 21
Total Liabilities 2 7 14 19 22 30 34 38 40 51 203 198 189
0 1 1 1 1 1 1 1 2 9 140 120 111
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 9 11 24 22 14 21 24 35 36
2 6 13 18 11 18 10 15 24 21 39 43 42
Total Assets 2 7 14 19 22 30 34 38 40 51 203 198 189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 1 4 3 4 0 -3 5 -1 6 12 -19
-0 -0 -1 -0 -6 -1 -12 2 5 -10 -4 -11
0 0 1 -0 0 0 15 -2 0 -2 -10 30
Net Cash Flow -0 1 4 2 -2 -0 0 5 4 -6 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 124 162 123 130 86 89 91 20 19 13 60 26
Inventory Days 0 0 0 0 0 0 0 0
Days Payable
Cash Conversion Cycle 124 162 123 130 86 89 91 20 19 13 60 26
Working Capital Days 12 7 -27 -30 -21 2 62 -1 5 -11 28 33
ROCE % 112% 127% 76% 76% 69% 42% 10% 16% 16% 13% 11% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.48% 71.48% 71.85% 71.85% 71.85% 71.23% 71.23% 71.23% 68.28% 68.28% 68.28% 68.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.32% 1.32% 1.26% 1.26% 0.00% 0.00%
28.52% 28.52% 28.15% 28.15% 28.15% 28.78% 27.47% 27.46% 30.46% 30.46% 31.73% 31.74%
No. of Shareholders 3253263193143123806066739041,0861,5231,659

* 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.

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