Riddhi Corporate Services (BSE: RIDDHICORP) had a P/E of 9.0× on 6 Nov 2026, below the industry P/E of 16.3×, and the shares are 34% below their 52-week high. Its ROCE of 15% is the second-lowest among the 7 largest Specialty Business Services peers, and sales and net profit grew 37% and 2.1% a year over 3 years. Its dividend yield is 0.9%, and debt is 0.55× equity. It is a small-cap company with a market cap of ₹65 Cr, ranked 29th of 52 Specialty Business Services companies by market cap; the shares fell 29% over the past year.
- ₹55.00
- ₹55.00
- ₹52.00
- ₹52.00
- 606
Health check
- ReturnsIn line
−29.0% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 9.0 vs industry 16.3.
- GrowthSteady
Sales +36.9%, profit +2.1% a year over 3 years.
- ProfitabilityAverage
ROCE 15.5% vs peer median 16.6%.
- Balance sheetFair
Debt 0.55× equity, interest covered 3.6×, Piotroski 8 of 9.
- Red flags3 to check
Quarterly profit down 66.8% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹65 Cr
- Small cap
- P/E
- 9.0
- Industry 16.3
- Price to book
- 1.34
- Peers 3.73
- Dividend yield
- 0.89%
- ROE
- 12.3%
- Peers 15.5%
- ROCE
- 15.5%
- Peers 16.6%
- Debt to equity
- 0.55
- Debt ₹42 Cr
- EPS (TTM)
- ₹6.10
- OPM (TTM)
- 4.0%
- Net margin 1.8%
- Sales growth
- −51.4%
- Latest quarter vs a year ago
- Profit growth
- −66.8%
- Latest quarter vs a year ago
- Price to sales
- 0.14
- EV/EBITDA 2.8
Strengths and risks
Strengths
- P/E of 9.0 against an industry P/E of 16.3.
Risks to check
- Quarterly profit down 66.8% on a year ago.
- Quarterly sales down 51.4% on a year ago.
- 34% below its 52-week high.
About Riddhi Corporate Services
Riddhi Corporate Services Limited provides document management, inbound and outbound contact center, data entry, software development, logistics, transportation, verification, and recruitment services in India. The company also provides various services, such as project management, logistics, warehouse management, HRMS and payroll, turnkey projects, procurements, and auditing. Riddhi Corporate Services Limited was incorporated in 2010 and is based in…
- Headquarters
- Ahmedabad
- Employees
- 9,217
- Sector
- Industrials
- ISIN
- INE325X01015
- Website
- riddhicorporate.co.in
Price range
- Avg volume (3M)
- 2K
- 1-year return
- minus 29.0%
- From 52-week high
- minus 33.6%
Peers · Specialty Business Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLSBLS International Services | 223.35 | minus 1.55% | 9,192 | 12.9 | 3.73 | 26.1% | 32.7% | 26.4% | 25.5% | 50.7% | 1.14% | minus 29.5% |
| PDSLPDS | 403.90 | plus 0.45% | 5,704 | 48.7 | 3.23 | 16.6% | 6.6% | 2.9% | 6.9% | −25.0% | 0.92% | plus 6.5% |
| FUSIONCXFusion CX | 270.70 | minus 2.70% | 3,908 | 18.1 | 5.52 | 33.0% | 37.0% | 11.9% | 21.0% | 68.1% | 0.00% | minus 6.5% |
| CMSINFOCMS Info Systems | 215.99 | minus 0.62% | 3,457 | 12.2 | 1.46 | 16.2% | 12.9% | 25.0% | 9.1% | 0.7% | 2.31% | minus 40.0% |
| JAYKAYJaykay Enterprises | 201.05 | minus 4.29% | 3,033 | 13.9 | 4.08 | 30.6% | 40.5% | 10.7% | 72.2% | 220.1% | 0.00% | minus 5.0% |
| LORDSMARKLord's Mark Industries | 70.61 | minus 0.51% | 3,012 | 35.1 | 2.85 | 7.0% | 15.5% | 13.2% | 1716.6% | – | 0.00% | minus 88.9% |
| BLSEBLS E-Services | 149.81 | plus 1.81% | 2,719 | 62.2 | 4.90 | 16.3% | 12.6% | 6.7% | 66.3% | 44.9% | 0.33% | plus 45.5% |
| RIDDHICORPRiddhi Corporate Services | 54.89 | plus 5.56% | 65 | 9.0 | 1.34 | 15.5% | 12.3% | 4.0% | 36.9% | 2.1% | 0.89% | minus 29.0% |
| Median of 7 peers | – | −0.62% | 3,457 | 18.1 | 3.73 | 16.6% | 15.5% | 11.9% | 25.5% | 47.8% | 0.33% | −6.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 107 | 134 | 135 | 138 | 52.1 | |
| 103 | 128 | 129 | 133 | 49.3 | |
| 4.5 | 5.2 | 6.1 | 4.2 | 2.8 | |
| 4.2% | 3.9% | 4.5% | 3.0% | 5.3% | |
| 3.2 | 4.3 | 0.5 | 1 | 0.6 | |
| 1.7 | 1.4 | 0.7 | 0.8 | 0.7 | |
| 4.6 | 4 | 2.3 | 2.1 | 2 | |
| – | – | 0.4 | – | – | |
| 1.5 | 4.2 | 3.9 | 2.2 | 0.5 | |
| 10.3% | 25.9% | 27.4% | 25.5% | 18.6% | |
| 1.3 | 3.1 | 2.9 | 1.7 | 0.4 | |
| 1.09 | 2.60 | 2.39 | 0.89 | 0.22 |
Profit & loss
- Sales CAGR 3Y
- +36.9%
- Profit CAGR 3Y
- +2.1%
- EPS CAGR 3Y
- −1.4%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 200 | 167 | 255 | 513 | |
| – | minus 16.7% | +53.0% | +101.1% | |
| 160 | 136 | 224 | 493 | |
| 39.8 | 31.1 | 31.1 | 20.3 | |
| 19.9% | 18.7% | 12.2% | 4.0% | |
| 0.9 | 2.5 | 3 | 5.7 | |
| 8.7 | 7.6 | 6.9 | 4.6 | |
| 20 | 19.3 | 18.5 | 13 | |
| −0.9 | 0.8 | 6.8 | 3.5 | |
| 11.1 | 7.6 | 15.5 | 11.8 | |
| 23.9% | 31.9% | 12.5% | 24.4% | |
| 8.4 | 5.1 | 13.5 | 9 | |
| – | minus 38.9% | +163.3% | minus 33.9% | |
| 7.30 | 4.34 | 11.41 | 6.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 11.9 | 11.9 | 11.9 | |
| 39.6 | 44.1 | 57 | 64.7 | |
| 125 | 110 | 94.4 | 34.1 | |
| 21.3 | 29.4 | 30.8 | 65 | |
| 198 | 196 | 194 | 176 | |
| 120 | 100 | 92.2 | 33.2 | |
| 0.3 | 2.8 | 2.8 | – | |
| 35 | 0.6 | 0.8 | 0.4 | |
| 3.1 | 13.9 | 19.5 | 32.5 | |
| 39.5 | 77.8 | 78.7 | 110 | |
| 198 | 196 | 194 | 176 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −18.7 | 21.6 | 39.4 | 23.8 | |
| −10.8 | −8.4 | −9.3 | 45.6 | |
| 29.9 | −13.6 | −22.6 | −61.2 | |
| 0.4 | −0.4 | 7.5 | 8.3 | |
| −0.1 | −2.7 | −9.7 | – | |
| −18.8 | 18.9 | 29.7 | 23.8 | |
| −0.6 | −0.6 | −0.6 | −0.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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