Radiant Cash Management Services Limited (RADIANTCMS) AI Stock Analysis

• Market Cap: ₹3.82B
• Dividend Yield: 4.81%
• Average Volume (3M): 8.63K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.43
• Revenue Growth: 4.57%
• EPS Growth: -10.62%
• Country: IN
• Employees: 9,299
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 1.03
• Shares Outstanding: 106,707,910
• 10 Day Avg. Volume: 8,029
• 30 Day Avg. Volume: 8,630
• PEG Ratio: 3.43
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 1.51
• P/FCF Ratio: 16.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹37.00 ▼(-27.76% Downside)
• Action: Downgraded Date: 02/21/26
• Date: Action: Downgraded 02/21/26

The score is driven primarily by strong underlying financial performance (growth, margins, and balance sheet strength), supported by attractive valuation (moderate P/E and high dividend yield). These positives are tempered by weak technicals, with the stock in a pronounced downtrend despite oversold signals.

Positive Factors

Exceptional Gross Margin

A persistent ~98.6% gross margin signals a structurally high-margin business model with strong pricing power or low direct costs. This margin durability supports long-term profitability, funds reinvestment and dividends, and provides a buffer against cyclical revenue dips.

Healthy Balance Sheet

High equity ratio and moderate leverage provide financial flexibility to invest, weather downturns, and maintain capital returns. A 17% ROE indicates effective capital deployment, supporting sustained shareholder value creation over multiple market cycles.

Strong Cash Generation

Consistent operating cash flow and rising free cash flow show the company converts earnings to cash reliably. That strengthens funding for capex, acquisitions, dividends, and debt reduction, enhancing long-term financial resilience and strategic optionality.

Negative Factors

Recent Net Income Decline

A material drop in net income and nearly 19% EPS contraction can signal margin pressure, higher costs, or one-off hits that may recur. If earnings volatility persists it can constrain reinvestment, dividend sustainability, and weaken confidence in long-term profit growth.

Rising Total Debt

Although current D/E is moderate, the documented rise in total debt reduces financial headroom and raises interest exposure. If cash flows weaken, higher debt amplifies leverage risk and could limit strategic moves or force more conservative capital allocation.

Variable Investing/Financing Flows

Irregular investing and financing activity points to uneven capital allocation (M&A, capex, or financing cycles). This variability undermines predictability of free cash flow and may signal episodic strategic spending that complicates forecasting and long-term planning.

Radiant Cash Management Services Limited Business Overview & Revenue Model

Company Description

Radiant Cash Management Services Ltd. engages in the provision of integrated cash logistics services. It offers cash pick-up and delivery, network currency management, cash processing, and cash vans and cash in transit. The company was founded by David Devasahayam and Renuka David in March 2005 and is headquartered in Chennai, India.

How the Company Makes Money

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Radiant Cash Management Services Limited Financial Statement Overview

Summary

Strong multi-year revenue growth and exceptional gross margin (98.6%) support the score, alongside solid profitability (net margin 10.7%) and a healthy balance sheet (equity ratio 64.2%, debt-to-equity 0.43, ROE 17%). Offsetting factors are the recent net income decline and the need to monitor rising total debt and variability in investing/financing cash flows.

Income Statement

Radiant Cash Management Services Limited has demonstrated strong revenue growth, increasing from 2,216 million to 4,334 million over a five-year period. The Gross Profit Margin has consistently remained high, with the latest year showing an exceptional 98.6%. The Net Profit Margin improved to 10.7%, indicating enhanced profitability. The EBIT and EBITDA margins are robust, highlighting efficient operational management. However, the recent decline in net income from the previous year is a slight concern.

Balance Sheet

The company maintains a healthy balance sheet with a strong Equity Ratio of 64.2%, indicating financial stability. The Debt-to-Equity Ratio is reasonably low at 0.43, suggesting prudent use of leverage. Return on Equity is at 17.0%, reflecting effective use of shareholder capital. The increase in total assets and equity over the years demonstrates a solid growth trajectory. However, the rise in total debt requires careful monitoring to maintain financial health.

Cash Flow

Radiant's cash flow from operations has been stable, with a slight increase in the latest year. The Free Cash Flow has grown significantly, supported by efficient capital expenditure management. The Operating Cash Flow to Net Income Ratio is healthy, indicating good cash conversion from earnings. Nonetheless, the variability in investing and financing cash flows suggests potential fluctuations in strategic financial activities.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.25B	4.27B	3.86B	3.55B	2.86B	2.22B
Gross Profit	3.66B	4.27B	3.84B	3.54B	2.85B	2.21B
EBITDA	643.38M	772.43M	684.15M	1.08B	588.75M	641.09M
Net Income	390.19M	464.98M	447.51M	627.27M	382.09M	324.33M
Balance Sheet
Total Assets	4.45B	4.25B	3.15B	2.79B	1.91B	1.62B
Cash, Cash Equivalents and Short-Term Investments	2.42B	2.22B	1.41B	1.74B	702.06M	537.75M
Total Debt	1.49B	1.17B	327.03M	287.42M	287.52M	139.89M
Total Liabilities	1.84B	1.51B	612.84M	489.24M	508.11M	350.47M
Stockholders Equity	2.62B	2.73B	2.53B	2.30B	1.40B	1.27B
Cash Flow
Free Cash Flow	-53.36M	399.90M	208.64M	683.08M	249.79M	245.82M
Operating Cash Flow	-38.26M	434.20M	406.19M	742.05M	310.84M	276.38M
Investing Cash Flow	-235.90M	-243.93M	80.00M	-728.48M	-23.42M	256.50M
Financing Cash Flow	9.72M	525.94M	-203.57M	263.97M	-123.11M	-374.37M

Radiant Cash Management Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADIANTCMS, the sentiment is Negative. The current price of 51.22 is above the 20-day moving average (MA) of 37.16, above the 50-day MA of 43.25, and below the 200-day MA of 52.72, indicating a bearish trend. The MACD of -2.15 indicates Negative momentum. The RSI at 28.71 is Positive, neither overbought nor oversold. The STOCH value of 11.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RADIANTCMS.

Radiant Cash Management Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RADIANTCMS	69 Neutral	₹3.82B	12.62	―	4.81%	4.57%	-10.62%
RITCO	62 Neutral	₹5.71B	18.26	―	―	34.34%	2.00%
RPPINFRA	62 Neutral	₹3.59B	186.32	―	0.47%	-7.32%	-26.92%
AVG	61 Neutral	₹2.54B	12.39	―	0.66%	6.71%	-53.24%
TRANSWORLD	60 Neutral	₹2.94B	-4.30	―	0.76%	10.69%	-203.58%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SICALLOG	39 Underperform	₹13.57B	3.00	―	―	76.34%	94.50%

Radiant Cash Management Services Limited Corporate Events

Radiant Cash Management Schedules Q3 FY26 Earnings Call With Investors

Radiant Cash Management Services Limited has announced an earnings conference call to discuss its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The call, hosted by Antique Stock Broking Limited, is scheduled for Friday, February 12, 2026, at 11:00 a.m. IST and will feature the company’s senior management team, underscoring its ongoing engagement with investors and analysts and providing stakeholders an opportunity to assess recent financial performance and strategic direction.

Radiant Cash Management Signals Long-Term NBFC Ambition but No Board Nod Yet

Radiant Cash Management Services has clarified that while it may consider entering the non-banking financial company (NBFC) business over the next three years, its board has not yet evaluated or approved any formal proposal, and any future material decisions will be duly disclosed to the exchanges. The company, which is building out its fintech and payment aggregation capabilities and targeting underpenetrated smaller cities, framed the clarification as a transparency measure to address media speculation and ensure uniform information access for investors and other stakeholders.