BSE:540590

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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. More Details


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

540590

-3.8%

IN IT

-0.6%

IN Market


1 Year Return

114.5%

540590

38.4%

IN IT

2.2%

IN Market

Return vs Industry: 540590 exceeded the Indian IT industry which returned 39.5% over the past year.

Return vs Market: 540590 exceeded the Indian Market which returned 1.1% over the past year.


Shareholder returns

540590IndustryMarket
7 Day0%-3.8%-0.6%
30 Day1.5%9.3%0.2%
90 Dayn/a23.9%6.7%
1 Year114.5%114.5%41.1%38.4%3.9%2.2%
3 Year288.2%287.7%111.0%98.5%2.6%-2.4%
5 Yearn/a116.3%96.1%41.3%30.8%

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?

113.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 540590 (₹167.5) is trading above our estimate of fair value (₹1.38)

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 (113.9x) compared to the IN IT industry average (17.6x).

PE vs Market: 540590 is poor value based on its PE Ratio (113.9x) compared to the Indian market (16.2x).


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 (7.6x) compared to the IN IT industry average (1.3x).


Next Steps

Future Growth

How is Riddhi Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.4%

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

Past Performance

How has Riddhi Services performed over the past 5 years?

-4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540590 has high quality earnings.

Growing Profit Margin: 540590's current net profit margins (2.1%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 540590's earnings have declined by 4.5% per year over the past 5 years.

Accelerating Growth: 540590's earnings growth over the past year (56.5%) exceeds its 5-year average (-4.5% per year).

Earnings vs Industry: 540590 earnings growth over the past year (56.5%) exceeded the IT industry -5.1%.


Return on Equity

High ROE: 540590's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Riddhi Services's financial position?


Financial Position Analysis

Short Term Liabilities: 540590's short term assets (₹199.3M) exceed its short term liabilities (₹133.9M).

Long Term Liabilities: 540590's short term assets (₹199.3M) exceed its long term liabilities (₹18.5M).


Debt to Equity History and Analysis

Debt Level: 540590's debt to equity ratio (19.1%) is considered satisfactory.

Reducing Debt: 540590's debt to equity ratio has reduced from 26.1% to 19.1% over the past 5 years.

Debt Coverage: 540590's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 540590's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Riddhi Services's current dividend yield, its reliability and sustainability?

0.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 540590's dividend (0.12%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: 540590's dividend (0.12%) is low compared to the top 25% of dividend payers in the Indian market (2.3%).


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: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


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?

0.8yrs

Average management tenure


CEO

Boban Mathew

0.75

Tenure

Mr. Boban Mathew serves as Chief Executive Officer at Riddhi Corporate Services Limited since 2020. A Seasoned professional with 35 plus years of experience in Service Industry, with proven track records i ...


Leadership Team

NamePositionTenureCompensationOwnership
Pravinchandra Gor
Chairman & MDno data₹2.40m22.65%
₹ 431.5m
Parth Pandya
Compliance Officer & Company Secretary3.08yrs₹132.00kno data
Alpitkumar Gor
Whole Time Director3.67yrs₹2.40m26.27%
₹ 500.6m
Jayshreeben Gor
Executive & Non-Independent Director3.67yrs₹600.00k21.94%
₹ 418.0m
Umesh Bhadreswara
Executive Director & VP3.25yrs₹900.00k0.088%
₹ 1.7m
Boban Mathew
Chief Executive Officer0.75yrno datano data
Rajendra Parida
Head of Finance & Accountsno datano datano data
Nehal Kargatia
Head of Operations0.75yrno datano data
Hetal Kachhadiya
Chief Technical Officer0.75yrno datano data
Charudatta Rahaney
Head of Business Development0.75yrno datano data

0.8yrs

Average Tenure

57.5yo

Average Age

Experienced Management: 540590's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Pravinchandra Gor
Chairman & MDno data₹2.40m22.65%
₹ 431.5m
Alpitkumar Gor
Whole Time Director3.67yrs₹2.40m26.27%
₹ 500.6m
Jayshreeben Gor
Executive & Non-Independent Director3.67yrs₹600.00k21.94%
₹ 418.0m
Umesh Bhadreswara
Executive Director & VP3.25yrs₹900.00k0.088%
₹ 1.7m
Subhasish Chakraborty
Non-Executive Officer2.75yrsno datano data
Soumyaranjan Kanhu Pradhan
Independent & Non-Executive Director3.58yrsno datano data
Kalpeshbhai Shukla
Independent & Non-Executive Director3.58yrsno datano data
Bhavin Pandya
Independent Director1.25yrsno datano data
Kalpanaben Suthar
Independent Director1.25yrsno datano data
Jashubhai Patel
Additional Independent Director0.58yrno datano data

3.3yrs

Average Tenure

44yo

Average Age

Experienced Board: 540590's board of directors are considered experienced (3.3 years average tenure).


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 not been meaningfully diluted in the past year.


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: ₹1.905b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540590BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 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 verificati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:49
End of Day Share Price2020/10/09 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.