Micro Software Services

Riddhi Corporate Services Ltd.

RIDDHICORP

₹65.65

-0.03% (-0.02)

Market Cap

₹78 Cr.

P/E

5.75

Riddhi Corporate Services Ltd.
Overview
Financials
Benchmarking
Shareholding

Riddhi Corporate Services Ltd.

Riddhi Corporate Services Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Riddhi Corporate Services Ltd. Shareprice

Has the share price of Riddhi Corp. Service grown faster than its competition?

Riddhi Corp. Service has given lower returns compared to its competitors.
Riddhi Corp. Service has grown at ~-44.82% over the last 2yrs while peers have grown at a median rate of 18.55%

Is Riddhi Corp. Service stock expensive?

Riddhi Corp. Service is not expensive.
Latest PE of Riddhi Corp. Service is 5.75, while 3 year average PE is 41.66.
Also latest EV/EBITDA of Riddhi Corp. Service is 2.47 while 3yr average is 17.92.

View FAQ's On Business

Growth Table

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-23.97	-45.63	-20.64	-20.78	-19.32	4.53	6.76	—	—	—
TTM EPS CAGR	166	30.20	44.81	43.50	52.17	—	—	—	—	—
Sales CAGR	43.97	11.61	31.88	30.66	25.25	26.96	—	—	—	—
PAT Margin (Abs Growth)	-1.25	-2.42	-0.66	1.18	1.59	-0.23	-0.61	-4.50	-7.12	-0.97
PE CAGR	-70.53	-57.62	-44.94	-44.60	-46.83	—	—	—	—	—
CFO CAGR	-128	-35.15	-2.42	—	6.93	—	—	4.86	7.89	3.68

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20
Assets	29.45	38.48	42.79	40.16
Non Current Assets	1.82	3.92	26.85	20.40
Net Block	1.11	1.05	0.78	2.03
Capital Work in Progress	0.00	0.16	0.71	0.00
Intangible Assets Under Development	—	—	0.22	—
Long Term Investments	—	—	22.50	13.87
Current Assets	27.68	34.59	16.78	19.93
Inventory	—	—	0.50	—
Accounts Receivable	16.49	5.89	4.15	4.10
Short Term Investments	9.88	24.21	22.41	—
Cash & Bank Balances	0.33	1.06	7.42	10.27
Liabilities	29.45	38.48	42.79	40.16
Shareholders Funds	10.33	23.33	23.59	25.09
Share Capital	2.30	3.25	11.38	11.38
Reserves	8.03	20.08	12.21	13.71
Non Current Liabilities	2.04	9.39	0.12	1.68
Secured Loans	0.71	9.04	0.01	—
Unsecured Loans	1.38	0.38	0.01	0.01
Current Liabilities	16.92	5.61	19.08	13.39
Accounts Payable	11.07	4.24	1.62	1.32
Short Term Loans	—	—	10.23	4.77

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20
Sales	67.58	20.20	59.53	81.47
Operating Expenses	64.79	19.13	59.22	78.38
Raw Material	—	—	7.10	—
Material Cost (%)	0.00	0.00	11.22	0.30
Employee Cost	17.26	9.49	32.84	50.71
Power & Fuel Cost	0.46	0.19	0.13	0.29
Operating Profit	2.79	1.07	0.31	3.09
Other Income	2.40	1.22	1.96	1.82
OPM (%)	4.12	5.31	0.53	3.79
Depreciation and Amortisation	0.52	0.43	0.37	0.35
Interest	0.59	0.79	0.83	0.59
Profit Before Tax	4.07	1.08	1.07	3.57
Tax	1.66	0.43	0.26	2.12
Net Profit	2.42	0.65	0.97	1.50
Number of shares(Crs)	—	0.33	1.14	1.14
Dividend Payout Ratio(%)	0.00	9.99	23.46	0.00

Cash Flow

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20
Cash from Operating Activity	-0.66	-3.07	3.76	-0.45
Profit Before Tax	4.07	1.08	1.07	3.57
Adjustments	8.64	-0.58	-0.36	-0.24
OCF Before Working Capital	12.71	0.50	0.72	3.32
Working Capital Changes	-11.70	-3.16	4.51	-2.74
Taxes Paid	-1.68	-0.41	-1.47	-1.03
Cash from Investing Activity	0.01	-13.50	2.17	9.30
Net Fixed Assets Purchased	-0.19	-0.49	-0.68	-0.94
Fixed Assets Purchased	-0.19	-0.49	-0.68	-0.94
Fixed Assets Sold	—	—	0.00	—
Investment Purchased	-0.48	-14.33	-0.13	-0.14
Investment Sold	—	—	1.50	8.64
Interest Recieved	0.68	1.37	1.55	1.66
Dividends Recieved	—	—	—	—
Subsidiary Investments	0.01	-0.05	—	-3.31
Cash from Financing Activity	0.45	17.29	0.44	-5.99
Proceeds From Shares	—	12.35	—	—
Net Long Term Borrowings	0.46	7.32	-0.08	-0.01
Proceeds From Borrowings	0.46	7.32	—	—
Repayment From Borrowings	—	—	-0.08	-0.01
Interest Paid	-0.07	-0.36	-0.69	-0.52
Dividend Paid	—	—	-0.07	—
Net Cash Flow	-0.21	0.72	6.36	2.86
Opening Cash & Cash Equivalents	0.54	0.33	1.06	7.42
Effect of FX	—	—	—	—
Closing Cash & Cash Equivalents	0.33	1.06	7.42	10.27
Net Capex (est)	0.19	0.49	0.68	0.94
Free Cash Flow (est)	-0.85	-3.56	3.07	-1.38

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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	Mar'17	Mar'18	Mar'19	Mar'20
Operational Ratios
Quick Ratio	1.64	6.17	0.85	1.49
Liquid Assets (Crs)	27.68	34.59	16.27	19.93
Current Liabilities (Crs)	16.92	5.61	19.08	13.39
Current Ratio	1.64	6.17	0.88	1.49
Current Assets (Crs)	27.68	34.59	16.78	19.93
Current Liabilities (Crs)	16.92	5.61	19.08	13.39
Interest Coverage Ratio	7.85	2.37	2.29	6.99
EBIT (Crs)	4.67	1.87	1.90	4.56
Interest Expenses (Crs)	0.59	0.79	0.83	0.59
Fixed Asset Turnover	18.90	5.12	75.86	40.14
Net Sales (Crs)	67.58	20.20	59.53	81.47
Fixed Assets (Crs)	3.58	3.94	0.78	2.03
Cash Conversion Cycle	-1.45	0.21	12.44	10.91
Inventory Days	0.00	0.00	3.08	0.00
Days Receivable	89.07	202	30.78	18.48
Days Payable	90.52	202	21.43	7.57
Debt to Equity Ratio	0.21	0.40	0.44	0.19
Total Debt (Crs)	2.16	9.41	10.29	4.79
Shareholders Equity (Crs)	10.33	23.33	23.59	25.09
Free Cash Flow/Sales (%)	-1.26	-17.61	5.16	-1.70
Free Cash Flow(est) (Crs)	-0.85	-3.56	3.07	-1.38
Net Sales (Crs)	67.58	20.20	59.53	81.47
Profitability Ratios
Gross Margin (%)	100.00	100.00	88.78	99.70
Op Profit Margin (%)	4.12	5.31	0.53	3.79
Operating Profit (Crs)	5.18	2.29	2.27	4.91
Net Sales (Crs)	67.58	20.20	59.53	81.47
Net Profit Margin (%)	3.58	3.22	1.63	1.84
Net Profit (Crs)	2.42	0.65	0.97	1.50
Net Sales (Crs)	67.58	20.20	59.53	81.47
ROCE (%)	37.24	5.68	8.03	17.03
EBIT (Crs)	4.67	1.87	1.90	4.56
Capital Employed (Crs)	12.53	32.87	23.71	26.77
Return on Assets (%)	8.21	1.69	2.27	3.74
Net Profit (Crs)	2.42	0.65	0.97	1.50
Total Assets (Crs)	29.45	38.48	42.79	40.16
ROIC (%)	11.65	1.32	0.53	-65.19
Op Profit after Taxes (Crs)	1.34	0.39	-0.04	1.11
Invested Capital (Crs)	11.53	29.13	-8.23	-1.70
ROE (%)	23.43	2.79	4.11	5.99
Net Profit Margin (%)	3.58	3.22	1.63	1.84
Asset Turnover ratio	2.29	0.53	1.39	2.03
Equity Multiplier	2.85	1.65	1.81	1.60
Adjusted EPS	3.00	0.57	0.85	1.32
Valuation Ratios
P/E	0.00	82.23	72.72	145
Price to Book	0.00	2.29	2.99	8.68
EV/EBITDA	0.80	26.96	32.27	43.26
Dividend Yield (%)	—	0.12	0.32	0.00

Quarterly Results

Riddhi Corporate Services Ltd.
Kandarp Digi Smart
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HOV Services
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In Rs. Cr.	Sep'18	Dec'18	Mar'19	Sep'19	Dec'19	Mar'20
Net Sales	14.21	10.54	34.78	20.92	21.61	21.30
Operating Expenses	13.49	13.76	31.54	18.30	19.37	21.23
Increase/Decrease in Stock	4.96	0.00	-5.38	0.01	-0.26	-0.12
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	3.22	12.03	17.59	12.90	12.99	12.43
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.72	-3.22	3.24	2.63	2.24	0.07
Other Income	0.46	0.32	0.61	0.40	0.38	0.22
Interest	0.18	0.11	0.41	0.13	0.14	0.14
PBDT	1.00	-3.01	3.45	2.89	2.48	-0.25
Depreciation and Amortization	0.07	0.07	0.24	0.13	0.12	0.10
Profit Before Tax	0.93	-3.07	3.21	2.76	2.36	-0.35
Tax	0.00	0.00	0.26	0.47	0.59	1.12
Profit After Tax	0.93	-3.07	2.95	2.29	1.77	-1.47
Exceptional Items	0.00	0.00	0.00	0.00	0.00	-0.40
Net Profit	0.93	-3.07	3.11	2.29	1.77	-1.43
Quarterly Ratios
EPS	0.23	-2.70	2.73	2.01	1.55	-1.26
Operating Profit Margin	5.05	-30.52	9.33	12.55	10.37	0.32
Net Profit Margin	6.57	-29.14	8.49	10.95	8.18	-6.91

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

-7.00%

Implied Growth Rate over a 5 year period*

-10.00%

Implied Growth Rate over a 10 year period*

-9.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Riddhi Corporate Services Ltd. Financials

How strong is Riddhi Corp. Service balance sheet?

Riddhi Corp. Service balance sheet is weak and might have solvency issues

Is the debt of Riddhi Corp. Service increasing or decreasing?

Yes, The net debt of Riddhi Corp. Service is increasing.
Latest net debt of Riddhi Corp. Service is ₹7.89 Crs as of Mar-24.
This is greater than Mar-23 when it was ₹2.67 Crs.

Is the profitablity of Riddhi Corp. Service improving?

The profit is oscillating.
The profit of Riddhi Corp. Service is ₹13.55 Crs for TTM, ₹5.14 Crs for Mar 2024 and ₹8.42 Crs for Mar 2023.

Does Riddhi Corp. Service pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Riddhi Corp. Service latest dividend payout ratio is 11.3% and 3yr average dividend payout ratio is 10.42%

How has Riddhi Corp. Service allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Riddhi Corporate Services Ltd.

Riddhi Corporate Services Ltd.

Has the share price of Riddhi Corp. Service grown faster than its competition?

Is Riddhi Corp. Service stock expensive?

How strong is Riddhi Corp. Service balance sheet?

Is the debt of Riddhi Corp. Service increasing or decreasing?

Is the profitablity of Riddhi Corp. Service improving?

Does Riddhi Corp. Service pay decent dividends?

How has Riddhi Corp. Service allocated its funds?

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