Radiant Cash Management Services Ltd - Stock Valuation and Financial Performance

BSE: 543732 | NSE: RADIANTCMS | Finance - Investment | Small Cap

Radiant Cash Mgmnt. Share Price

84.95 -0.17 -0.20%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Radiant Cash Mgmnt.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Radiant Cash Management Services stock performance -

mw4me loader
P/E Ratio (SA):
17.47
Market Cap:
908.4 Cr.
52-wk low:
73.8
52-wk high:
114.2

Is Radiant Cash Management Services Ltd an attractive stock to invest in?

1. Is Radiant Cash Management Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Radiant Cash Management Services Ltd is a average quality company.

2. Is Radiant Cash Management Services Ltd undervalued or overvalued?

The key valuation ratios of Radiant Cash Management Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Radiant Cash Management Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Radiant Cash Management Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Radiant Cash Mgmnt.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Radiant Cash Management Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)76.387.4138176195221248222286355377
YoY Gr. Rt. %-14.6%58.2%27.4%10.9%13.1%12.4%-10.7%29%24.1%-
Adj EPS (₹ ) 0.60.40.50.40.62.73.63.73.85.94.9
YoY Gr. Rt. %--21.4%22.7%-31.5%62.2%341.7%36.2%3.1%1.3%56%-
BVPS (₹ )2.16.46.16.56.411.212.714.613.821.623
YoY Gr. Rt. %-200.5%-4.6%6.1%-0.3%74%13.1%15.1%-5.3%56.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)532.81.51.710.224.920.521.826.90

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income18.6%12.7%12.7%24.1%
Adj EPS29.9%57.9%17.7%56%
BVPS29.4%27.4%19.4%56.2%
Share Price - - - -13.8%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Margins
Net Profit Margin (%)6.24.43.41.82.711.314.714.613.417.713.8
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)30.110.58.65.99.43132.526.328.733.921.2

Recent Performance Summary

Total Income has increased 12.65 CAGR in last 3 years

Net Profit has increased 17.66 CAGR in last 3 years

Return on Equity has declined versus last 3 years average to 21.90%

Total income growth is poor in last 4 quarters

Latest Financials - Radiant Cash Management Services Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 -
TTM Sales (₹ Cr.) 377 -
BVPS (₹.) 23 -
Reserves (₹ Cr.) 234 -
P/BV 3.71 -
PE 17.47 -
From the Market
52 Week Low / High (₹) 73.80 / 114.20
All Time Low / High (₹) 73.80 / 116.70
Market Cap (₹ Cr.) 908
Equity (₹ Cr.) 10.7
Face Value (₹) 1
Industry PE 48.1

Management X-Ray of Radiant Cash Mgmnt.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Radiant Cash Mgmnt.

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income7890142179197223252224287357
Interest Income7687138176195221248222286355
Other Income 2243224213
Expenditure 7083135175189187202179235273
Interest Expense 471116241617162219
Operating Expenses 6574122155160167183162208250
Provisions 1224432144
Exceptional Items 0000000000
Profit Before Tax 767493650455284
Taxes 333131114131422
Profit After Tax 545352537323863
Adjusted EPS (₹)0.60.40.50.40.62.73.63.73.85.9
Dividend Payout Ratio (%)0%0%127%0%86%0%49%66%32%51%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital1856535656106120127140230
Share Capital 111111111011
Reserves 1754525555104118126130219
Minority Interest0000000000
Long Term Borrowings64100-2-130-1
Current Liabilities 78941222072953636324948
Trade Payables1152201311
Short term borrowings139826201819102527
Other Liabilities-13-10-13-28-22-18-21-13-27-27
Total Liabilities 102153177264351139155162189277

Assets

Non Current Asset 15302116164540181925
Loan Asset 0000000000
Other Non Current Asset 15302116164540181925
Current Asset 8712415624833594115144169253
Current Investment0000000000
Other Current Asset8712415624833594115144169253
Total Assets 102153177264351139155162189277

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -429301665971440283174
Cash Flow From Investing Activity -1-181060-24626-2-73
Cash Flow From Financing Activity 1124-1215-1420-22-37-1226
Net Cash Flow -419361486841024161628
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)473846315122530731646
DPS (₹)0058044014921013
BVPS (₹)180541517548547951107612381422

Performance Ratios

ROA (%)5.03.02.81.51.710.224.920.521.826.9
ROE (%)30.110.58.65.99.431.032.526.328.733.9
ROCE (%)36.525.227.428.641.952.750.744.048.748.5

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.00.00.04.5

Radiant Cash Management Services Ltd Stock News

Radiant Cash Management Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Radiant Cash Mgmnt. on 12-Apr-2024 10:20 is ₹84.95.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of Radiant Cash Mgmnt. stood at ₹908.4.
The latest P/E ratio of Radiant Cash Mgmnt. as of 12-Apr-2024 10:20 is 17.47.
The latest P/B ratio of Radiant Cash Mgmnt. as of 12-Apr-2024 10:20 is 3.71.
The 52-week high of Radiant Cash Mgmnt. is ₹114.2 and the 52-week low is ₹73.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radiant Cash Mgmnt. is ₹376.9 ( Cr.) .

About Radiant Cash Management Services Ltd

Radiant Cash Management Services Limited was incorporated in Chennai, Tamil Nadu under the name ‘Radiant Cash Management Services Private Limited’ on March 23, 2005 as a private limited company, under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Tamil Nadu at Chennai, Tamil Nadu (RoC). Thereafter, the Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of Shareholders held on August 21, 2021, and the name of the Company was changed to ‘Radiant Cash Management Services Limited’, and a fresh certificate of incorporation dated August 25, 2021 was issued to the Company by the RoC.

Radiant Cash Management Services is an integrated cash logistics player with leading presence in retail cash management (RCM) segment of the cash management services industry in India. The company’s marquee clients include some of the largest foreign, private and public sector banks, and the end user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways and retail petroleum distribution outlets. The company caters to broad set of outsourcing requirements pertaining to cash management services for banks, financial institutions, organized retail and e-commerce companies in India. It operates its business across five verticals, namely 1) cash pick-up and delivery; 2) network currency management (also known as cash burial in industry parlance); 3) cash processing; 4) cash vans /cash in transit; and 5) other value added services.

The company’s integrated offerings are supported by customised technology and process controls, which enables it to offer its clients a wide range of solutions, while generating cross-selling opportunities and driving synergies and efficiencies across its business. It also seeks to continuously improve and bring the latest technologies to meet its client demands and to improve customer experience. Further, the company has also created the RADMUS mobile application which is an enterprise mobile application for secure end-to-end reconciliation between the customer, end user and the company.

Business area of the company

The company is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of clients from the end user.

Key Awards, accreditations and recognitions

  • 2014: Received the ‘Best Cash Management Services’ award at the 3rd State Conference CAPSI & APDI Tamil Nadu and Pondicherry chapter.
  • 2015: Awarded the gold medal for “Enhancing the image of India in abroad” by the Institute of Economic Studies, India at the “Global Economic Scenario” seminar held in Bangkok, Thailand.
  • 2018: The Company received an award at ‘Asia’s Greatest Brands 2018’ award in the Category ‘Cash Logistics Services’ by ‘Asia One’ magazine.

Major events and milestones

  • 2005: First Contract with Deutsche Bank and started operations in Tamil Nadu and Kerala.
  • 2011: Yes Bank added to the client list of the Company.
  • 2012: State Bank of India added to the client list of the Company.
  • 2018: Axis Bank added to the client list of the Company.
  • 2019: Hiveloop Logistics added as a direct client of the Company.
  • 2021: Bajaj Finance added as a direct client of the Company.
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