Riddhi Services
Market Cap
₹1.9b
Last Updated
2020/10/19 12:49 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. More Details
Rewards
Risk Analysis
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
| 540590 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -3.8% | -0.6% |
| 30 Day | 1.5% | 9.3% | 0.2% |
| 90 Day | n/a | 23.9% | 6.7% |
| 1 Year | 114.5%114.5% | 41.1%38.4% | 3.9%2.2% |
| 3 Year | 288.2%287.7% | 111.0%98.5% | 2.6%-2.4% |
| 5 Year | n/a | 116.3%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
- 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?
-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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹2.40m | 22.65% ₹ 431.5m | |
| Compliance Officer & Company Secretary | 3.08yrs | ₹132.00k | no data | |
| Whole Time Director | 3.67yrs | ₹2.40m | 26.27% ₹ 500.6m | |
| Executive & Non-Independent Director | 3.67yrs | ₹600.00k | 21.94% ₹ 418.0m | |
| Executive Director & VP | 3.25yrs | ₹900.00k | 0.088% ₹ 1.7m | |
| Chief Executive Officer | 0.75yr | no data | no data | |
| Head of Finance & Accounts | no data | no data | no data | |
| Head of Operations | 0.75yr | no data | no data | |
| Chief Technical Officer | 0.75yr | no data | no data | |
| Head of Business Development | 0.75yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹2.40m | 22.65% ₹ 431.5m | |
| Whole Time Director | 3.67yrs | ₹2.40m | 26.27% ₹ 500.6m | |
| Executive & Non-Independent Director | 3.67yrs | ₹600.00k | 21.94% ₹ 418.0m | |
| Executive Director & VP | 3.25yrs | ₹900.00k | 0.088% ₹ 1.7m | |
| Non-Executive Officer | 2.75yrs | no data | no data | |
| Independent & Non-Executive Director | 3.58yrs | no data | no data | |
| Independent & Non-Executive Director | 3.58yrs | no data | no data | |
| Independent Director | 1.25yrs | no data | no data | |
| Independent Director | 1.25yrs | no data | no data | |
| Additional Independent Director | 0.58yr | no data | no 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
| 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 verificati ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 12:49 |
| End of Day Share Price | 2020/10/09 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.