RADIANTCMS

Radiant Cash Management Services financials

Market cap
₹409 Cr
Sector
Services
Calls analysed
5
Latest concall · Q1 FY27 · call held 18 Aug 2026

Radiant Cash Management Services Limited Q1 FY27

Consolidated Revenue ₹108 cr +6%Standalone EBITDA Margin 13.5% Consolidated PAT ₹5.2 cr −9%

What went well

  • Standalone revenues grew 7% over the same quarter previous year.
  • Cash volume handled increased 2.3% YoY to Rs. 0.43 trillion.
  • Gross cash losses were minimal at Rs. 2.06 million (0.0005% of cash handled).

What to watch

  • Standalone EBITDA margins dropped to 13.5% from 15.9% in the same quarter last year.
  • Consolidated PAT dropped to Rs. 52 million in Q1 FY27 from Rs. 57 million YoY.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 3 delivered 0 missed 16 open
  • Acemoney POS Machines Installed delivered said Q4 FY25 Promised: 90,000 machines for the current financial year Q1 FY27: Remains achieved. Target was for FY26. No new target set for POS machines.
  • Overall Revenue Growth at risk said Q4 FY25 Promised: Mid-to-high teens (15-18% CAGR) over next 3 years Q1 FY27: Consolidated revenue grew 5.8% YoY. This is an improvement but still significantly below the required run-rate for the 15-18% CAGR target.
  • Radiant Valuables Logistics (RVL) Breakeven on track said Q4 FY25 Promised: Breakeven in this quarter or early next quarter Q1 FY27: Revenue grew 24% QoQ. Management is confident of reaching breakeven in Q2 FY27, keeping the H1 FY27 target in sight.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 5.7%, net profit down 9.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue107 116 104 100 105 −2%124 +7%101 −3%106 +6%
EBITDA19 22 13 10 12 −38%15 −30%9 −35%9 −2%
Net profit13 15 8 6 8 −41%12 −22%3 −65%5 −9%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −36.1% 1Y

₹35.0₹40.0₹45.0₹50.0₹55.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 18 Aug 2026

1Y: ₹56.28 on 10 Sept 2025 → ₹35.99. High ₹56.86 (11 Sept 2025), low ₹32.76 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.2%
18 Aug
Q4 FY26
+0.2%
2 Jun
Q3 FY26
−9.1%
12 Feb
Q2 FY26
+1.3%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 0.5% a year over 1 year, FY25 to FY26. Operating margin narrowed to 10.6%.

Year endingFY25FY26
Revenue₹427 Cr₹429 Cr
Operating profit₹71 Cr₹45 Cr
Operating margin16.6%10.6%
Interest₹3 Cr₹7 Cr
Depreciation₹10 Cr₹12 Cr
Net profit₹47 Cr₹28 Cr
Net margin11.0%6.5%
Cash from operations₹43 Cr₹18 Cr
Free cash flow₹40 Cr₹14 Cr
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY23FY24FY25FY26
Equity capital—₹11 Cr₹11 Cr₹11 Cr
Reserves—₹242 Cr₹251 Cr₹267 Cr
Borrowings—₹33 Cr₹149 Cr₹194 Cr
Other liabilities—₹29 Cr₹34 Cr₹36 Cr
Total liabilities—₹315 Cr₹445 Cr₹508 Cr
Fixed assets—₹44 Cr₹38 Cr₹37 Cr
Capital work in progress—₹1 Cr₹0 Cr₹0 Cr
Investments—₹0 Cr₹0 Cr₹0 Cr
Other assets—₹269 Cr₹407 Cr₹471 Cr
Total assets—₹315 Cr₹445 Cr₹508 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.55 pp while DIIs trimmed −1.34 pp. The shareholder count shrank 4% to 46,199.

Promoters
57.0%
FIIs
0.2%
DIIs
1.0%
Public
41.9%

Since Jun 2025

  • Public +1.55 pp
  • DIIs −1.34 pp
  • FIIs −0.24 pp

How it drifted, 12 quarters

Over this window the public went from 21.5% to 41.9% — +20.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.9%, FIIs 5.0%, DIIs 16.6%, Public 21.5%.Dec '23: Promoters 56.9%, FIIs 2.1%, DIIs 18.9%, Public 22.0%.Mar '24: Promoters 56.9%, FIIs 0.1%, DIIs 18.8%, Public 24.2%.Jun '24: Promoters 56.9%, FIIs 0.1%, DIIs 16.4%, Public 26.6%.Sep '24: Promoters 56.9%, FIIs 2.1%, DIIs 9.6%, Public 31.3%.Dec '24: Promoters 56.9%, FIIs 0.5%, DIIs 9.5%, Public 33.1%.Mar '25: Promoters 56.9%, FIIs 1.0%, DIIs 8.6%, Public 33.5%.Jun '25: Promoters 56.9%, FIIs 0.5%, DIIs 2.3%, Public 40.3%.Sep '25: Promoters 56.9%, FIIs 0.2%, DIIs 0.9%, Public 42.0%.Dec '25: Promoters 56.9%, FIIs 0.2%, DIIs 0.9%, Public 42.0%.Mar '26: Promoters 56.9%, FIIs 0.3%, DIIs 0.9%, Public 41.8%.Jun '26: Promoters 57.0%, FIIs 0.2%, DIIs 1.0%, Public 41.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Radiant Cash Management Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Col David Devasahayam 48.98%unchanged
Dr.Renuka David 7.97%unchanged
Zen Securities Ltd 2.16%unchanged
Motilal Oswal Wealth Limited 2.11%unchanged
Shree Stockvision Securities Ltd 1.72%unchanged
Angela David 0.00%unchanged
Alexander David 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹36, this stock must grow earnings at 8% every year for 7 years. Our analysis caps realistic growth at ~-31%. At that growth it is worth ₹5 — downside of 87%.

Growth the price implies
8.1% a year
for 7 years, fading to 4%
It has actually compounded at
-40.6% a year
net profit, FY25–FY26 · EPS -30.5%
The gap
0.4 pp
-87% downside if it only repeats history
Price today ₹35.99 Value at the reference growth ₹4.52

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Radiant Cash Management Services Limited

Guides on how to read this kind of business and the numbers that matter.