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Radiant Cash Management Services Ltd (RADIANTCMS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543732 NSE: RADIANTCMS Business Support | Small Cap | Radiant Cash Mgmnt. Share Price

₹38.57 0.50 (1.31%)

As on 11-Jun'26 14:21

Radiant Cash Management Services Ltd (RADIANTCMS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543732 NSE: RADIANTCMS Business Support | Small Cap | Radiant Cash Mgmnt. Share Price

₹38.57 0.50 (1.31%)

As on 11-Jun'26 14:21

Key Metrics
Valuation Multiples
Market Cap
₹406 Cr.
Current Price
₹38.6
52-Week Low / High
₹33 / 67
TTM EPS
₹3.6
TTM Sales
₹401 Cr.
Book Value per Share
₹26.6
P/E Ratio
10.63
Lower than its 5-year historical median
Industry PE
22.9
Price to Book (P/B)
1.43
Lower than its 5-year historical median
Price to Sales (P/S)
1.01
Lower than its 5-year historical median
EV/EBITDA
5.48
Lower than its 5-year historical median
Dividend Yield
4.88%
Profitability Efficiency
Return on Equity (ROE)
17.35%
Outperforms industry median
Return on Capital Employed (ROCE)
26.71%
Outperforms industry median
Return on Assets (ROA)
13.01%
Operating Profit Margin
21.6%
Net Profit Margin
11.27%
Gross Profit Margin
17.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.34%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
6.25%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.51%
Asset Quality
Promoter Holding
56.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹273 Cr.
Equity
₹10.7 Cr.
Face Value
₹1
All Time Low / High
₹32.50 / 116.70

Radiant Cash Management Services stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Radiant Cash Management Services Ltd a good quality company?
Radiant Cash Management Services Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Radiant Cash Management Services Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Radiant Cash Management Services Ltd vs industry peers?
Radiant Cash Management Services Ltd revenue CAGR is 10.29%, compared to the industry median CAGR of 0.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Radiant Cash Management Services Ltd?
Promoters hold 56.92% of the Radiant Cash Management Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Radiant Cash Management Services Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -24.46% based on the current price.

10 Year X-Ray : Login to view analysis.

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.4%28.6%41.9%52.7%50.7%44%48.7%48.5%30.3%26.7%-
Value Creation
Index
1.01.02.02.82.62.12.52.51.20.9-

Growth Parameters

Sales 138176195221248222286355385405401
Sales YoY Gr.-27.4%10.9%13.1%12.4%-10.7%29%24.1%8.4%5.3%-
Adj EPS 0.50.30.62.73.83.43.85.94.34.33.6
YoY Gr.--40.7%87.5%343.3%44%-10.2%9.6%55.7%-27.4%0.5%-
BVPS (₹) 6.16.56.411.212.714.613.821.623.825.626.6
Adj Net
Profit
4.72.85.325.136.132.438.262.645.445.638
Cash Flow from Ops. 16.164.897.21440.127.631.174.246.153.9-
Debt/CF from Ops. 0.60.40.21.30.50.40.90.40.61.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.7%10.3%12.3%5.3%
Adj EPS 25.9%2.3%4.3%0.5%
BVPS17.3%15.1%22.8%7.5%
Share Price - - -25.6% -41.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.65.19.33132.126.328.633.918.817.313.7
Op. Profit
Mgn %
13.212.617.72426.627.82729.621.421.612.9
Net Profit
Mgn %
3.41.62.711.414.614.613.417.611.811.39.5
Debt to
Equity
0.20.50.40.20.20.10.20.10.10.30
Working Cap
Days
819498104101123113968994147
Cash Conv.
Cycle
3552586875928773676373

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales138176195221248222286355385405
Operating Expenses + 120154161168182160209250302318
Manufacturing Costs19272426323445557977
Material Costs0000000000
Employee Cost 32434645453950617380
Other Costs 6984919710687114134150160
Operating Profit 182235536662771058287
Operating Profit Margin (%) 13.2%12.6%17.7%23.9%26.5%27.8%27.0%29.6%21.4%21.6%
Other Income + 4322421367
Exceptional Items 0000000000
Interest 11162416171622192024
Depreciation 4533234468
Profit Before Tax 74936504552846262
Tax 31311141314221616
Profit After Tax 53525373238634546
PAT Margin (%) 3.4%1.8%2.7%11.3%14.7%14.6%13.4%17.7%11.8%11.3%
Adjusted EPS (₹)0.50.40.62.73.93.73.85.94.34.3
Dividend Payout Ratio (%)126.90%0%85.80%0%45.30%0%31.80%51%58.70%58.40%

Valuation of Radiant Cash Mgmnt. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 535656106120127140230254273
Share Capital 11111110111111
Reserves 525555104118126130219243262
Debt +8262018211126272689
Long Term Debt0000211100
Short Term Debt8262018191025272689
Minority Interest0000000000
Trade Payables5220131122
Others Liabilities 11018027315132121192631
Total Liabilities 177264351139155162189277307395

Fixed Assets

Net Fixed Assets +14108581114133432
Gross Block2620228131925285561
Accumulated Depreciation12101435811152129
CWIP 0000000210
Investments 30033280001111
Inventories0000000000
Trade Receivables32363853547079707774
Cash Equivalents flag 11820528830516779172163241
Others Assets 9141818141417202037
Total Assets 177264351139155162189277307395

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 16659714402831744654
PBT 74936504552846262
Adjustment 3446236559
Changes in Working Capital 75888-206-12-116-3-1
Tax Paid -1-2-4-8-18-8-16-21-18-17
Cash Flow From Investing Activity + 1060-24626-2-749-24
Capex -80-2-1-5-3-6-6-20-3
Net Investments 1530-2410283-6937-24
Others 32201111-83
Cash Flow From Financing Activity + -1215-1420-22-37-1226-2633
Net Proceeds from Shares 000250-2505000
Net Proceeds from Borrowing 000-0-0-0-0-0-10
Interest Paid -2-2-3-2-2-2-2-1-1-2
Dividend Paid -70-50-230-25-23-21-27
Others -317-6-34-10150-262
Net Cash Flow 14868410241616272963

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.645.899.3730.9632.4526.3328.6533.9318.7917.35
ROCE (%)27.4228.5741.8552.6950.7444.0248.6748.4530.3426.71
Asset Turnover Ratio0.840.80.630.91.691.41.631.521.311.15
PAT to CFO Conversion(x)3.221.6719.40.561.080.880.821.171.021.17
Working Capital Days
Receivable Days57.1069.8068.7074.9078.40101.9094.8076.5069.9068
Inventory Days0000000000
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Radiant Cash Management Services Ltd FAQs

The current trading price of Radiant Cash Mgmnt. on 11-Jun-2026 14:21 is ₹38.57.

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 10-Jun-2026 the market cap of Radiant Cash Mgmnt. stood at ₹406.2 Cr

The latest P/E ratio of Radiant Cash Mgmnt. as of 10-Jun-2026 is 10.63.

The latest P/B ratio of Radiant Cash Mgmnt. as of 10-Jun-2026 is 1.43.

The 52-week high of Radiant Cash Mgmnt. is ₹66.80 and the 52-week low is ₹32.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radiant Cash Mgmnt. is ₹401 ( Cr.) .

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

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

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

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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