Radiant Cash Management Services Ltd - Stock Valuation and Financial Performance

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

Radiant Cash Mgmnt. Share Price

81.66 2.34 2.95%
as on 08-Oct'24 16:01

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

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Radiant Cash Management Services stock performance -

mw4me loader
P/E Ratio (SA):
20.01
Market Cap:
846.4 Cr.
52-wk low:
71.1
52-wk high:
104.5

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 Somewhat overvalued 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Operating Income (₹ Cr.)87.4138176195221248222286355385389
YoY Gr. Rt. %-58.2%27.4%10.9%13.1%12.4%-10.7%29%24.1%8.4%-
Adj EPS (₹ ) 0.40.50.40.62.73.63.73.85.94.34
YoY Gr. Rt. %-22.7%-31.5%62.2%341.7%36.2%3.1%1.3%56%-27.6%-
BVPS (₹ )6.46.16.56.411.212.714.613.821.623.824.8
YoY Gr. Rt. %--4.6%6.1%-0.3%74%13.1%15.1%-5.3%56.2%10.4%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)32.81.51.710.224.920.521.826.915.50

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income17.9%11.7%20.2%8.4%
Adj EPS28.7%10%4.6%-27.6%
BVPS15.8%16.3%17.7%10.4%
Share Price - - - -12.3%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Margins
Net Profit Margin (%)4.43.41.82.711.314.714.613.417.711.810.9
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)10.58.65.99.43132.526.328.733.918.816

Recent Performance Summary

Total Income has increased 20.16 CAGR in last 3 years

Net Profit has increased 4.62 CAGR in last 3 years

Return on Equity has declined versus last 3 years average to 16.30%

Total income growth is poor in last 4 quarters

Latest Financials - Radiant Cash Management Services Ltd.

Standalone Consolidated
TTM EPS (₹) 4 4.2
TTM Sales (₹ Cr.) 389 386
BVPS (₹.) 24.8 24.7
Reserves (₹ Cr.) 254 253
P/BV 3.20 3.21
PE 20.01 18.91
From the Market
52 Week Low / High (₹) 71.05 / 104.50
All Time Low / High (₹) 71.05 / 116.70
Market Cap (₹ Cr.) 846
Equity (₹ Cr.) 10.7
Face Value (₹) 1
Industry PE 53.8

Management X-Ray of Radiant Cash Mgmnt.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income90142179197223252224287357390
Interest Income87138176195221248222286355385
Other Income 2432242136
Expenditure 83135175189187202179235273329
Interest Expense 7111624161716221920
Operating Expenses 74122155160167183162208250302
Provisions 2244321446
Exceptional Items 0000000000
Profit Before Tax 6749365045528462
Taxes 3313111413142216
Profit After Tax 4535253732386345
Adjusted EPS (₹)0.40.50.40.62.73.63.73.85.94.3
Dividend Payout Ratio (%)0%127%0%86%0%49%66%32%51%59%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital56535656106120127140230254
Share Capital 1111111101111
Reserves 54525555104118126130219243
Minority Interest0000000000
Long Term Borrowings4100-2-130-14
Current Liabilities 94122207295363632494850
Trade Payables1522013111
Short term borrowings982620181910252726
Other Liabilities-10-13-28-22-18-21-13-27-27-27
Total Liabilities 153177264351139155162189277307

Assets

Non Current Asset 30211616454018192556
Loan Asset 0000000000
Other Non Current Asset 30211616454018192556
Current Asset 12415624833594115144169253251
Current Investment0000000000
Other Current Asset12415624833594115144169253251
Total Assets 153177264351139155162189277307

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 30166597144028317446
Cash Flow From Investing Activity -181060-24626-2-749
Cash Flow From Financing Activity 24-1215-1420-22-37-1226-26
Net Cash Flow 36148684102416162729
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)38463151225307316464
DPS (₹)0580440149210133
BVPS (₹)54151754854795110761238142224

Performance Ratios

ROA (%)3.02.81.51.710.224.920.521.826.915.5
ROE (%)10.58.65.99.431.032.526.328.733.918.8
ROCE (%)25.227.428.641.952.750.744.048.748.530.3

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.00.04.53.2

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 08-Oct-2024 16:01 is ₹81.66.
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 08-Oct-2024 16:01 the market cap of Radiant Cash Mgmnt. stood at ₹846.4.
The latest P/E ratio of Radiant Cash Mgmnt. as of 08-Oct-2024 16:01 is 20.01.
The latest P/B ratio of Radiant Cash Mgmnt. as of 08-Oct-2024 16:01 is 3.20.
The 52-week high of Radiant Cash Mgmnt. is ₹104.5 and the 52-week low is ₹71.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radiant Cash Mgmnt. is ₹389.2 ( 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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