RPSG Ventures Limited (RPSGVENT) AI Stock Analysis

• Market Cap: ₹19.53B
• Dividend Yield: N/A
• Average Volume (3M): 2.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: 23.60%
• EPS Growth: 72.41%
• Country: IN
• Employees: 106
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Information Technology Services
• EPS (TTM): -33.72
• Shares Outstanding: 33,086,410
• 10 Day Avg. Volume: 2,131
• 30 Day Avg. Volume: 2,076
• PEG Ratio: -14.48
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 3.63
• 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: 57 Neutral
• Price Target: ₹617.00 ▼(-18.67% Downside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

The score is primarily driven by mixed financial performance: strong revenue growth and cash generation are offset by net losses and high leverage. Technicals are neutral-to-mixed, while valuation is weak due to the negative P/E.

Positive Factors

Revenue growth and gross margin

Consistent ~20% top-line growth with a 41.6% gross margin indicates durable underlying economics across the portfolio. High gross margin supports reinvestment and insulating operating profits from volume swings, aiding sustained cash generation and strategic capital allocation.

Improved cash generation

Significant free cash flow improvement demonstrates the group's ability to convert operations into liquidity despite accounting losses. Reliable cash generation reduces reliance on external funding, supports dividends, debt servicing, and funding of new investments over the medium term.

Diversified holding-company model

As a diversified investment and holding company, RPSG Ventures can allocate capital across sectors and portfolio companies, smoothing earnings cyclicality and capturing asymmetric upside from exits or dividends. This model provides strategic flexibility and long-term value-creation optionality.

Negative Factors

Ongoing net losses

Persistent net losses limit retained earnings and undermine long-term profitability metrics. Continued negative margins constrain the ability to generate internally funded growth, reduce shareholder returns, and increase dependence on external capital or group support for sustaining operations.

High financial leverage

A debt-to-equity ratio above 2x raises refinancing and interest-rate sensitivity, increasing fixed-charge burdens. High leverage reduces financial flexibility, heightens default risk in downturns, and constrains the company's ability to pursue opportunistic investments or withstand portfolio volatility.

Low equity base and negative ROE

A thin equity buffer (16.4%) combined with negative ROE signals limited shock absorption and inefficient use of shareholder capital. This structural weakness can magnify losses from portfolio setbacks and make capital raises more dilutive or costly over time.

RPSG Ventures Limited Business Overview & Revenue Model

Company Description

RPSG Ventures Limited owns, operates, invests, and promotes business in the fields of information technology, business process outsourcing, property, entertainment, fast moving consumer goods, and sports activities in India. The company offers application development and management; setup, and operations and maintenance of IT infrastructure; cyber security management; datacenter and disaster recovery set-up and solutions; business continuing plans; smart building solutions; and IT consultancy and support services. It also provides packaged snacks under the TOO YUMM! and Evita brands; various ayurvedic formulations that focuses on health and wellness under the Dr. Vaidya's brand name; and skin and haircare products under the Naturali brand. In addition, the company operates shopping malls; develops residential projects; operates and manages ATK Mohun Bagan, a football club, as well as a table tennis franchise comprising RPSG Mavericks; and owns and operates the Lucknow Super Giants franchise. It primarily serves customers in power sector, including electricity generation and distribution companies. The company was formerly known as CESC Ventures Limited and changed its name to RPSG Ventures Limited in January 2021. RPSG Ventures Limited was incorporated in 2017 and is based in Kolkata, India.

How the Company Makes Money

RPSG Ventures Limited primarily makes money through income and value creation from its portfolio of investments and subsidiaries. Key revenue and earnings drivers typically include: (1) dividend income received from operating subsidiaries and investee companies when those businesses distribute profits; (2) interest income from loans, inter-corporate deposits, or other financial assets held by the company (where applicable); (3) gains or losses from the sale or revaluation of investments (capital gains), including exits from equity stakes and changes in the fair value of marketable securities (if held); and (4) fees or other receipts for corporate/management support services provided to group companies (if such arrangements exist). The company’s profitability and cash flows are therefore largely influenced by the operating performance, dividend policies, funding needs, and valuation movements of the underlying portfolio companies, as well as capital allocation decisions such as acquisitions, divestments, and reinvestment into new ventures. Specific segment-wise revenue contributions, named partnerships, and the exact mix of these income streams are null.

RPSG Ventures Limited Financial Statement Overview

Summary

Strong revenue growth and healthy gross margin (41.59%) are positives, supported by improved free cash flow. However, ongoing net losses and high leverage (debt-to-equity 2.31) materially weaken overall financial strength.

Income Statement

RPSG Ventures Limited has shown consistent revenue growth over the years, with a revenue increase of 20.83% from 2024 to 2025. However, the company is experiencing net losses, and the net profit margin remains negative. The gross profit margin is robust at 41.59% for 2025, indicating strong operational performance, but the negative net income suggests challenges in managing expenses or financing costs effectively.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 2.31 in 2025, suggesting significant leverage, which could be a risk if economic conditions worsen. However, the equity ratio is reasonable at 16.42%, indicating some level of financial stability. Return on equity is negative due to net losses, which is a concern for potential investors.

Cash Flow

RPSG Ventures has demonstrated positive free cash flow growth, with a significant increase from 2024 to 2025. The operating cash flow to net income ratio is strong at -22.38 for 2025, indicating efficient cash generation relative to net income, despite the net losses. This suggests that the company is capable of generating cash from its operations, which is a positive sign for liquidity.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	105.66B	96.08B	79.51B	71.66B	66.70B	55.99B
Gross Profit	45.91B	42.74B	32.27B	28.33B	26.70B	20.93B
EBITDA	15.94B	13.73B	13.06B	9.44B	9.25B	6.51B
Net Income	-420.20M	-490.40M	-424.60M	-1.53B	1.31B	-956.90M
Balance Sheet
Total Assets	178.28B	162.22B	139.75B	131.59B	128.01B	63.29B
Cash, Cash Equivalents and Short-Term Investments	13.25B	10.12B	7.19B	5.58B	4.03B	2.57B
Total Debt	63.93B	61.52B	42.11B	34.14B	28.07B	17.08B
Total Liabilities	131.08B	116.34B	95.15B	91.52B	87.26B	28.69B
Stockholders Equity	26.50B	26.63B	26.67B	24.05B	25.26B	21.59B
Cash Flow
Free Cash Flow	8.28B	7.68B	2.17B	-733.30M	-1.66B	7.15B
Operating Cash Flow	9.15B	10.97B	10.38B	7.26B	6.60B	9.01B
Investing Cash Flow	-4.24B	-15.90B	-11.36B	-7.17B	-14.54B	-4.60B
Financing Cash Flow	-2.48B	7.54B	2.91B	2.52B	8.56B	-6.52B

RPSG Ventures Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 758.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RPSGVENT, the sentiment is Negative. The current price of 758.65 is above the 20-day moving average (MA) of 659.87, above the 50-day MA of 697.51, and below the 200-day MA of 821.94, indicating a bearish trend. The MACD of -31.31 indicates Positive momentum. The RSI at 29.72 is Positive, neither overbought nor oversold. The STOCH value of 14.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RPSGVENT.

RPSG Ventures Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ROLEXRINGS	76 Outperform	₹31.75B	1.84	―	―	-7.82%	5.33%
SANDHAR	70 Outperform	₹29.20B	24.73	―	0.60%	17.39%	33.63%
SIYSIL	69 Neutral	₹21.56B	17.16	―	1.89%	16.27%	8.54%
KKCL	66 Neutral	₹27.93B	22.08	―	0.41%	28.67%	-20.77%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RUPA	58 Neutral	₹9.73B	19.56	―	1.82%	0.78%	0.54%
RPSGVENT	57 Neutral	₹19.53B	-5.57	―	―	23.60%	72.41%

RPSG Ventures Limited Corporate Events

RPSG Ventures Publishes Postal Ballot and E-Voting Notice for Shareholders

RPSG Ventures Limited has notified the stock exchanges that it has published a Bengali-language newspaper notice in all editions of Aajkal regarding a postal ballot and e-voting process for its shareholders. The publication, aligned with an earlier company communication, provides shareholders with information on how to participate in the voting, and the details have also been made available on the company’s website, underscoring its compliance and emphasis on transparent corporate governance.

RPSG Ventures Publishes Unaudited Q3 and Nine-Month FY2025 Financial Results

RPSG Ventures Limited has published in newspapers the extracts of its unaudited consolidated and standalone financial results for the third quarter and nine months ended 31 December 2025, in line with securities listing and disclosure regulations. The consolidated results show total income from operations of Rs 2,765.43 crore for the quarter and Rs 8,428.27 crore for the nine‑month period, with a quarterly net loss after tax of Rs 136.30 crore but a net profit of Rs 73.66 crore for the nine months, while standalone operations remained profitable with Rs 73.90 crore in quarterly revenue and Rs 2.59 crore in quarterly net profit, giving investors and stakeholders an interim view of the group’s performance ahead of full‑year audited numbers.