Riddhi Services
Market Cap
₹2.1b
Last Updated
2020/02/17 13:17 UTC
Data Sources
Company Financials
Executive Summary
Riddhi Corporate Services Limited provides document management, warehousing, contact center, document digitization, data entry, Web/data enabled, software development, and address/credit/contact verification services in India.
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Riddhi Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540590's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.1%
540590
1.8%
IN IT
-0.8%
IN Market
1 Year Return
n/a
540590
7.9%
IN IT
11.1%
IN Market
Return vs Industry: Insufficient data to determine how 540590 performed against the Indian IT industry.
Return vs Market: Insufficient data to determine how 540590 performed against the Indian Market.
Shareholder returns
| 540590 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | 1.8% | -0.8% |
| 30 Day | -5.4% | 0.8% | -2.3% |
| 90 Day | 34.7% | 6.3% | 2.1% |
| 1 Year | n/a | 10.7%7.9% | 13.1%11.1% |
| 3 Year | n/a | 71.1%61.1% | 22.9%16.2% |
| 5 Year | n/a | 57.0%42.5% | 34.9%22.6% |
Price Volatility Vs. Market
How volatile is Riddhi Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Riddhi Services undervalued compared to its fair value and its price relative to the market?
58.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 540590 (₹187.3) is trading above our estimate of fair value (₹77.5)
Significantly Below Fair Value: 540590 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 540590 is poor value based on its PE Ratio (58.5x) compared to the IT industry average (11.3x).
PE vs Market: 540590 is poor value based on its PE Ratio (58.5x) compared to the Indian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 540590's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 540590 is overvalued based on its PB Ratio (8.5x) compared to the IN IT industry average (0.9x).
Next Steps
Future Growth
How is Riddhi Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.3%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Riddhi Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out Riddhi Services's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Riddhi Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Riddhi Services performed over the past 5 years?
-3.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540590 has a high level of non-cash earnings.
Growing Profit Margin: 540590's current net profit margins (5.9%) are higher than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: 540590's earnings have declined by -3.5% per year over the past 5 years.
Accelerating Growth: 540590's earnings growth over the past year (884.7%) exceeds its 5-year average (-3.5% per year).
Earnings vs Industry: 540590 earnings growth over the past year (884.7%) exceeded the IT industry 7.4%.
Return on Equity
High ROE: 540590's Return on Equity (21.8%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Riddhi Services's financial position?
Financial Position Analysis
Short Term Liabilities: 540590's short term assets (₹118.2M) do not cover its short term liabilities (₹147.3M).
Long Term Liabilities: 540590's short term assets (₹118.2M) exceed its long term liabilities (₹4.6M).
Debt to Equity History and Analysis
Debt Level: 540590's debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 540590's debt to equity ratio has reduced from 34.2% to 22.8% over the past 5 years.
Debt Coverage: 540590's debt is well covered by operating cash flow (112%).
Interest Coverage: 540590 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 540590 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 540590's debt is covered by short term assets (assets are 2.1x debt).
Next Steps
Dividend
What is Riddhi Services's current dividend yield, its reliability and sustainability?
0.11%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 540590's dividend (0.11%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 540590's dividend (0.11%) is low compared to the top 25% of dividend payers in the Indian market (2.52%).
Stability and Growth of Payments
Stable Dividend: 540590 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.
Growing Dividend: 540590 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 540590 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 540590's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Pravinchandra Gor (70yo)
3yrs
Tenure
₹2,400,000
Compensation
Mr. Pravinchandra Kodarlal Gor has been Managing Director of Riddhi Corporate Services Limited since February 01, 2017. Mr. Gor is responsible for day to day business activities. He is associated with Ridd ...
CEO Compensation Analysis
Compensation vs Market: Pravinchandra's total compensation ($USD33.56K) is below average for companies of similar size in the Indian market ($USD50.21K).
Compensation vs Earnings: Pravinchandra's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3yrs | ₹2.40m | 22.65% ₹479.1m | |
| Chief Financial Officer | 2.9yrs | ₹552.00k | no data | |
| Compliance Officer & Company Secretary | 2.4yrs | ₹132.00k | no data | |
| Whole Time Director | 3yrs | ₹2.40m | 26.18% ₹554.0m | |
| Executive & Non-Independent Director | 3yrs | ₹600.00k | 21.94% ₹464.2m | |
| Executive Director | 2.6yrs | ₹900.00k | 0.088% ₹1.9m | |
| CEO & Chief Business Development Officer | 0yrs | ₹100.00k | no data |
2.9yrs
Average Tenure
56.5yo
Average Age
Experienced Management: 540590's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3yrs | ₹2.40m | 22.65% ₹479.1m | |
| Whole Time Director | 3yrs | ₹2.40m | 26.18% ₹554.0m | |
| Executive & Non-Independent Director | 3yrs | ₹600.00k | 21.94% ₹464.2m | |
| Executive Director | 2.6yrs | ₹900.00k | 0.088% ₹1.9m | |
| Non-Executive Officer | 2.1yrs | no data | no data | |
| Independent & Non-Executive Director | 2.9yrs | no data | no data | |
| Independent & Non-Executive Director | 2.9yrs | no data | no data | |
| Independent & Non-Executive Director | 2.9yrs | no data | no data | |
| Independent Director | 0.6yrs | no data | no data | |
| Independent Director | 0.6yrs | no data | no data |
2.9yrs
Average Tenure
43yo
Average Age
Experienced Board: 540590's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.9%.
Top Shareholders
Company Information
Riddhi Corporate Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Riddhi Corporate Services Limited
- Ticker: 540590
- Exchange: BSE
- Founded: 2010
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: ₹2.116b
- Shares outstanding: 11.38m
- Website: https://www.riddhicorporate.co.in
Location
- Riddhi Corporate Services Limited
- 10, Mill Officers Colony
- Behind Old RBI
- Ahmedabad
- Gujarat
- 380009
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540590 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jun 2017 |
Biography
Riddhi Corporate Services Limited provides document management, warehousing, contact center, document digitization, data entry, Web/data enabled, software development, and address/credit/contact verification services in India. The company offers services of data management, collection and handling of customer application form (CAF), audit of CAF, order entry of CAF, CAF bar coding, inward, storage and retrieval of data, temporary indexing, data entry, scanning, uploading, and sample image audit at spoke level. It also provides services of collection of dues, retention, bill delivery management services along with over dues amount from subscriber by way tele calling, field visit, address the customer’s issue and retain the customer, and escalation management while collecting overdue amount. In addition, the company offers inventory management, call answering, online data entry, live chat support, custom software development, and contact point verification agency services. It serves telecom, banking, NBFC, and IT sectors. Riddhi Corporate Services Limited was incorporated in 2010 and is based in Ahmedabad, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 13:17 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.