RADIANTCMS

Radiant Cash Management Services Limited

Cash-logistics and cash management services for banks and retail clients

Services›Services›Commercial Services & Supplies›Diversified Commercial Services

radiantcashservices.com

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Key metrics

Price as of 2026-10-16

Stock price

₹33.82

Market cap

361 Cr

Stock P/E

11.5

P/B

1.32

Dividend yield

7.4%

ROE (FY26)

11.7%

ROCE (FY26)

8.6%

Operating margin (FY26)

7.9%

Debt / equity (FY26)

0.67

OCF / EBITDA (FY26)

39.1%

OCF / EBITDA (3Y)

56.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Radiant Cash Management Services (Radiant) provides outsourced cash handling and cash logistics to banks and direct clients across India, and is also building fintech and valuables-logistics arms.

Company snapshot

28thBy market cap

Ranked among 36 companies in Diversified Commercial Services.

What we see

Positives

✓Dividend payout of 95% — the company returns a meaningful share of profits to shareholders.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	101 Cr	99 Cr	100 Cr	107 Cr	116 Cr	104 Cr	100 Cr	105 Cr	124 Cr	101 Cr	106 Cr
Operating expenses (approx.)	84 Cr	85 Cr	83 Cr	88 Cr	94 Cr	91 Cr	90 Cr	93 Cr	109 Cr	92 Cr	96 Cr
EBITDA	17 Cr	14 Cr	17 Cr	19 Cr	22 Cr	13 Cr	10 Cr	12 Cr	15 Cr	9 Cr	9 Cr
OPM %	17.0%	13.8%	16.7%	17.9%	18.8%	12.8%	9.7%	11.3%	12.4%	8.6%	8.9%
Other income	0.89 Cr	1 Cr	1 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr
Interest	0.40 Cr	0.65 Cr	0.51 Cr	0.42 Cr	0.79 Cr	1 Cr	1 Cr	2 Cr	2 Cr	2 Cr	2 Cr
Depreciation	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr
Profit before tax	16 Cr	12 Cr	15 Cr	18 Cr	20 Cr	11 Cr	8 Cr	10 Cr	12 Cr	3 Cr	7 Cr
Tax %	26.2%	29.0%	28.0%	26.7%	25.8%	26.2%	26.8%	20.1%	7.2%	-12.3%	22.7%
Net profit	12 Cr	8 Cr	11 Cr	13 Cr	15 Cr	8 Cr	6 Cr	8 Cr	12 Cr	3 Cr	5 Cr
EPS (₹)	₹1.10	₹0.78	₹1.01	₹1.22	₹1.39	₹0.79	₹0.69	₹0.80	₹1.03	₹0.51	₹0.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	386 Cr	427 Cr	429 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	323 Cr	356 Cr	384 Cr	Sign in free for the trailing twelve months
EBITDA	63 Cr	71 Cr	45 Cr	Sign in free for the trailing twelve months
OPM %	16.3%	16.6%	10.6%	Sign in free for the trailing twelve months
Other income	6 Cr	6 Cr	9 Cr	Sign in free for the trailing twelve months
Interest	1 Cr	3 Cr	7 Cr	Sign in free for the trailing twelve months
Depreciation	7 Cr	10 Cr	11 Cr	Sign in free for the trailing twelve months
Profit before tax	61 Cr	64 Cr	33 Cr	Sign in free for the trailing twelve months
Tax %	26.7%	26.7%	14.2%	Sign in free for the trailing twelve months
Net profit	44 Cr	47 Cr	28 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹4.17	₹4.41	₹3.02	Sign in free for the trailing twelve months
Dividend payout %	48.0%	56.7%	95.3%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Mar 2025	Mar 2026
Equity capital	11 Cr	11 Cr	11 Cr
Reserves	242 Cr	262 Cr	267 Cr
Borrowings	33 Cr	109 Cr	184 Cr
Other liabilities	29 Cr	41 Cr	49 Cr
Total liabilities	315 Cr	425 Cr	508 Cr
Fixed assets (net)	34 Cr	33 Cr	30 Cr
CWIP	1 Cr	—	0.29 Cr
Investments	0 Cr	0 Cr	0 Cr
Inventories	0.86 Cr	0.76 Cr	2 Cr
Trade receivables	77 Cr	74 Cr	79 Cr
Cash & bank	130 Cr	203 Cr	216 Cr
Other assets	71 Cr	114 Cr	181 Cr
Total assets	315 Cr	425 Cr	508 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	41 Cr	43 Cr	18 Cr
Cash from investing	8 Cr	-24 Cr	-38 Cr
Cash from financing	-20 Cr	53 Cr	38 Cr
Net cash flow	28 Cr	72 Cr	18 Cr
Free cash flow (OCF − Capex)	21 Cr	40 Cr	14 Cr

Ratios

Metric	Mar 2024	Mar 2025	Mar 2026
ROCE %	21.6%	17.5%	8.6%
ROE %	17.6%	17.0%	11.7%
Debtor days	73	63	67
Inventory days	1	1	2
Days payable	2	2	2
Cash conversion cycle	72	61	66
OCF / EBITDA %	64.6%	61.2%	39.1%
OCF / EBITDA % (3 years)	—	—	56.8%
Debt / equity	0.13	0.40	0.67
Current ratio	4.60	2.44	1.56
Net debt / EBITDA	-1.55	-1.32	-0.70