Radiant Cash Management Services Ltd

Radiant Cash Management Services Ltd

₹ 89.6 -0.34%
21 Feb 1:05 p.m.
About

Incorporated in 2005, Radiant Cash Management Services Limited is market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of its clients from the end user.[1]

Key Points

Business Area[1]
A) To carry on the business of providing to Banks, Individuals, Commercial and Government Establishments, Cash/Cheques/DDs Pickup and Delivery Services, Cash Processing such as sorting for good and soiled currencies, notes, coins of various denominations, Overnight vaulting services for bulk cash and ATM cards, Cassettes & important documents, ATM Services, Handling of PIN mailers/drafts/cheque book delivery, Providing strong rooms installed as per RBI guidelines.
B) To carry on the business of management of electronic online and mobile financial and cash transactions and product management and development of intellectual property in the area of cash management.
C) To carry on any business regarding cash management under Business Process Outsourcing.

  • Market Cap 956 Cr.
  • Current Price 89.6
  • High / Low 114 / 85.7
  • Stock P/E 18.4
  • Book Value 21.8
  • Dividend Yield 3.35 %
  • ROCE 48.3 %
  • ROE 33.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 64.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
  • Company has been maintaining a healthy dividend payout of 202%
  • Debtor days have improved from 95.9 to 72.2 days.
  • Company's working capital requirements have reduced from 80.3 days to 62.4 days

Cons

* 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: Miscellaneous Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
78 78 84 88 93 90 93 93 100
61 61 63 66 70 69 74 80 83
Operating Profit 16 17 21 22 23 20 19 13 17
OPM % 21% 22% 26% 25% 25% 23% 20% 14% 17%
0 0 0 0 0 2 2 2 1
Interest 1 1 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 2
Profit before tax 15 15 21 21 22 21 19 14 16
Tax % 24% 28% 26% 28% 24% 25% 26% 26% 26%
11 11 15 15 17 16 14 10 12
EPS in Rs 1.10 1.09 1.51 1.47 1.68 1.46 1.34 0.95 1.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
195 221 248 222 286 355 377
161 168 182 160 209 250 307
Operating Profit 35 53 66 62 77 105 70
OPM % 18% 24% 27% 28% 27% 30% 19%
2 2 4 2 1 3 6
Interest 24 16 17 16 22 19 1
Depreciation 3 2 2 3 4 4 5
Profit before tax 9 36 50 45 52 84 70
Tax % 40% 31% 27% 28% 27% 26%
5 25 36 32 38 63 52
EPS in Rs 51.32 225.39 328.80 316.39 3.77 5.88 4.88
Dividend Payout % 0% 0% 0% 0% 556% 51%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 64%
3 Years: 20%
TTM: -11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 30%
Last Year: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 10 11 11
Reserves 55 104 118 126 130 219 222
Preference Capital 0 0 0 0 0 0
20 18 21 14 29 29 27
276 18 17 21 22 20 21
Total Liabilities 352 141 158 162 191 279 280
8 5 8 11 14 13 15
CWIP 0 0 0 0 0 2 7
Investments 0 33 28 0 0 0 0
344 103 121 151 176 264 258
Total Assets 352 141 158 162 191 279 280

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
97 14 40 28 31 74
0 -24 6 26 -2 -73
-14 20 -22 -37 -12 26
Net Cash Flow 84 10 24 16 16 28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 70 88 79 115 100 72
Inventory Days
Days Payable
Cash Conversion Cycle 70 88 79 115 100 72
Working Capital Days -427 76 69 92 87 62
ROCE % 53% 50% 44% 48% 48%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023
56.92% 56.92% 56.92% 56.92%
8.03% 7.56% 4.95% 2.13%
25.25% 25.46% 16.58% 18.93%
9.80% 10.08% 21.54% 22.01%
No. of Shareholders 11,80416,64230,10837,835

* 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.

Documents