Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹67 Cr.
Stock P/E
4.9
P/B
—
Current Price
₹56.1
Book Value
₹ 0
Face Value
10
52W High
₹82.7
52W Low
₹ 50.8
Dividend Yield
0%

Riddhi Corp. Service Overview

Business

Riddhi Corporate Services Ltd. operates in the Business Process Outsourcing (BPO) and IT-enabled Services (ITeS) sector. The company's core business involves providing various outsourced services to its clients, which allows these clients to streamline operations, reduce costs, and focus on their core competencies. This typically includes managing non-core business functions, leveraging technology for process efficiency, and providing specialized support services. The company makes money by charging service fees to its clients, usually based on contracts, projects, or transaction volumes, for the delivery of these outsourced business processes and IT-enabled solutions.

Revenue Mix

Without specific company financial reports, the exact revenue mix for Riddhi Corporate Services Ltd. cannot be provided. However, typical BPO/ITeS companies in India offer services across various segments. These may include:

Customer Interaction Services: Voice and non-voice customer support, technical helpdesks, telemarketing.

Back-Office Operations: Data entry, data processing, document management, payroll, human resources, finance and accounting support.

IT Services: Application development and maintenance, infrastructure management, IT support, potentially digital transformation consulting.

Specialized Processes: Services tailored for specific industries like healthcare, banking, retail, logistics, etc.

Riddhi's revenue would likely be derived from a combination of these or similar service offerings.

Industry

The Indian BPO/ITeS industry is highly competitive, characterized by a mix of large global players, established domestic firms, and numerous smaller to mid-sized companies. The industry is driven by factors such as cost arbitrage, access to skilled talent, digital transformation initiatives by global enterprises, and the increasing adoption of automation and AI. Riddhi Corporate Services, given its public listing but likely smaller scale compared to industry giants, is positioned as a niche player or a service provider catering to specific client segments (e.g., small to medium-sized enterprises, or specializing in particular processes or industry verticals). It competes on factors like service quality, cost-effectiveness, domain expertise, and flexibility, often differentiating itself from larger players through more personalized client engagement.

MOAT

For a company like Riddhi Corporate Services, durable competitive advantages (moats) can be challenging to establish in a fragmented market. Potential moats, if developed, could include:

Switching Costs: If the company deeply embeds its services into a client's core processes, making it costly, time-consuming, and risky for the client to switch providers.

Specialized Expertise: Developing deep domain knowledge or proprietary processes in a specific niche or industry, making it difficult for generalists to compete.

Strong Client Relationships: Long-standing, trust-based relationships with key clients, leading to repeat business and referrals.

Cost Leadership: Achieving significant operational efficiencies that allow it to offer highly competitive pricing without sacrificing service quality (though this is difficult for smaller players to sustain against larger scale competitors).

It is less likely to possess moats based on brand (in a B2B context), network effects, or significant scale advantage against industry leaders.

Growth Drivers

Key factors that could drive Riddhi Corporate Services' growth over the next 3-5 years include:

Increasing Outsourcing Demand: Continued global trend of businesses outsourcing non-core functions for cost optimization and efficiency.

Digital Transformation: Clients' increasing need for digital solutions, automation, and analytics, driving demand for technologically advanced BPO/ITeS services.

Expansion into New Service Lines: Developing and offering new services that align with emerging client needs (e.g., robotic process automation, AI-driven customer support).

Client Acquisition & Expansion: Winning new contracts and expanding relationships with existing clients through upsell and cross-sell opportunities.

Geographical Expansion: Tapping into new domestic or international markets for client acquisition.

Risks

Intense Competition & Pricing Pressure: The BPO/ITeS market is highly competitive, leading to constant pressure on pricing and profit margins.

Technological Disruption: Rapid advancements in automation, AI, and machine learning could reduce the demand for traditional, manual BPO services, requiring continuous investment in new technologies.

Client Concentration Risk: A significant portion of revenue might be derived from a few large clients, making the company vulnerable to contract termination or reduced scope from these clients.

Talent Acquisition & Retention: The need to attract and retain skilled professionals in a competitive labor market, particularly for specialized IT-enabled services.

Data Security & Privacy: Handling sensitive client data exposes the company to risks of data breaches, requiring robust security infrastructure and compliance.

Global Economic Slowdown: Downturns in client economies can lead to reduced outsourcing budgets or contract renegotiations.

Management & Ownership

Riddhi Corporate Services Ltd. is likely a promoter-led company, a common structure in India where founding families or key individuals retain significant ownership and control. The quality of management would be crucial for navigating the competitive BPO/ITeS landscape, requiring a strategic vision for technology adoption, client relationship management, and talent development. Specific details regarding the promoters' background, experience, and the broader management team's track record would require a review of their annual reports and public disclosures. Promoter holding typically represents a substantial portion of the ownership structure in such companies.

Outlook

Riddhi Corporate Services operates in a sector with structural tailwinds from global outsourcing trends and digital transformation. The company has opportunities to grow by expanding its client base, deepening relationships with existing clients, and adapting to technological advancements like AI and automation to enhance its service offerings. However, it faces significant challenges including intense competition, pricing pressures, and the constant need to upskill its workforce and invest in new technologies to remain relevant. Its ability to carve out and defend a niche, manage costs effectively, and maintain strong client relationships will be crucial for sustained performance. A balanced view suggests potential for growth driven by industry trends, but tempered by high competitive intensity and the imperative for continuous innovation and operational excellence.

Riddhi Corp. Service Share Price

Live · BSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Riddhi Corp. Service Quarterly Results

#(Fig in Cr.) Sep 2018 Dec 2018 Mar 2019 Sep 2019 Dec 2019 Mar 2020
Net Sales 14 11 35 21 22 21
Other Income 0 0 1 0 0 0
Total Income 15 11 35 21 22 22
Total Expenditure 13 14 32 18 19 21
Operating Profit 1 -3 4 3 3 0
Interest 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 -0
Profit Before Tax 1 -3 3 3 2 -0
Provision for Tax 0 0 0 0 1 1
Profit After Tax 1 -3 3 2 2 -1
Adjustments 0 0 0 0 -0 0
Profit After Adjustments 1 -3 3 2 2 -1
Adjusted Earnings Per Share 0.2 -2.7 2.7 2 1.6 -1.3

Riddhi Corp. Service Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Net Sales 68 20 60 81 99
Other Income 2 1 2 2 1
Total Income 70 21 61 83 100
Total Expenditure 65 19 59 78 90
Operating Profit 5 2 2 5 10
Interest 1 1 1 1 0
Depreciation 1 0 0 0 0
Exceptional Income / Expenses 0 0 0 -0 0
Profit Before Tax 4 1 1 4 8
Provision for Tax 2 0 0 2 2
Profit After Tax 2 1 1 1 6
Adjustments 0 0 0 0 0
Profit After Adjustments 2 1 1 2 6
Adjusted Earnings Per Share 0 0.6 0.9 1.3 5

Riddhi Corp. Service Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020
Shareholder's Funds 10 23 24 25
Minority's Interest 0 0 0 0
Borrowings 2 9 0 0
Other Non-Current Liabilities -0 -0 0 2
Total Current Liabilities 17 6 19 13
Total Liabilities 29 38 43 40
Fixed Assets 1 1 1 2
Other Non-Current Assets 1 3 25 18
Total Current Assets 28 35 17 20
Total Assets 29 38 43 40

Riddhi Corp. Service Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020
Opening Cash & Cash Equivalents 1 0 1 7
Cash Flow from Operating Activities -1 -3 4 -0
Cash Flow from Investing Activities 0 -13 2 9
Cash Flow from Financing Activities 0 17 0 -6
Net Cash Inflow / Outflow -0 1 6 3
Closing Cash & Cash Equivalent 0 1 7 10

Riddhi Corp. Service Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020
Earnings Per Share (Rs) 0 0.57 0.85 1.32
CEPS(Rs) 3.64 0.94 1.04 1.58
DPS(Rs) 0 0.06 0.2 0
Book NAV/Share(Rs) 0 20.51 20.74 22.06
Core EBITDA Margin(%) 4.12 5.31 0.53 3.79
EBIT Margin(%) 6.91 9.23 3.2 5.11
Pre Tax Margin(%) 6.03 5.34 1.8 4.38
PAT Margin (%) 3.57 3.19 1.37 1.78
Cash Profit Margin (%) 4.33 5.31 1.99 2.21
ROA(%) 8.18 1.9 2 3.49
ROE(%) 23.35 3.83 3.47 5.95
ROCE(%) 37.38 8.25 5.71 13.05
Receivable days 89.07 202.13 30.78 18.48
Inventory Days 0 0 3.08 0
Payable days 0 0 160.08 2230.29
PER(x) 0 82.23 72.72 144.97
Price/Book(x) 0 2.29 2.99 8.68
Dividend Yield(%) 0 0.12 0.32 0
EV/Net Sales(x) 0.06 3.06 1.23 2.61
EV/Core EBITDA(x) 0.8 26.96 32.27 43.26
Net Sales Growth(%) 0 -70.1 194.63 36.86
EBIT Growth(%) 0 -60.03 2.04 118.56
PAT Growth(%) 0 -73.24 26.01 78.19
EPS Growth(%) 0 -80.97 49.09 54.93
Debt/Equity(x) 0.21 0.4 0.44 0.19
Current Ratio(x) 1.64 6.17 0.88 1.49
Quick Ratio(x) 1.64 6.17 0.85 1.49
Interest Cover(x) 7.85 2.37 2.29 6.99
Total Debt/Mcap(x) 0 0.18 0.15 0.02

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +35% +6% — —
Operating Profit CAGR +150% 0% — —
PAT CAGR 0% -21% — —
Share Price CAGR -20% -24% -17% —
ROE Average +6% +4% +9% +9%
ROCE Average +13% +9% +16% +16%

Riddhi Corp. Service Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 68.28 %
FII 1.6 %
DII (MF + Insurance) 0 %
Public (retail) 30.12 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 68.2868.2868.2868.2868.2868.2868.2868.2868.2868.28
FII 001.181.181.181.181.61.61.61.6
DII 0000000000
Public 31.7231.7230.5430.5430.5430.5430.1230.1230.1230.12
Others 0000000000
Total 100100100100100100100100100100

Riddhi Corp. Service Peer Comparison

Riddhi Corp. Service Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Riddhi Corp. Service Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 160.08 to 2230.29days.
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