BSE: 504365
RIDHI SYNTHETICS LTD.
Classified under Financial Services / Other Financial Services, the entity's revenue from operations was Rs. 49.93 lakh in FY26, up from Rs. 43.41 lakh in FY25. The actual operating activity behind this revenue is not described in the available filings — no products, services or customer base are identified. Total income for FY26 was Rs. 177.33 lakh, of which Rs. 127.40 lakh came from 'other income' and Rs. 49.93 lakh from operations, making other income the larger contributor. The balance sheet is dominated by investment holdings exceeding Rs. 5,150 lakh across non-current and current assets, with no debt on the books (finance cost is nil). Employee costs consumed 96.7% of revenue from operations in FY26, depreciation was 14.1% and other operating expenses were 31.5% of revenue; materials were nil. The statutory auditor SVP & Associates issued an unmodified opinion on the FY26 audited results. Net profit for FY26 was Rs. 80.42 lakh, while operating cash flow was negative at Rs. 10.85 lakh for the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations, Other income. Investment-heavy entity with minimal operating revenue, classified under Other Financial Services
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | (69.1) | (4.1) | (3.8) | (35.6) | (28.2) |
| Owners' profit | 1 | 0 | 1 | 1 | 1 |
| EPS, as reported (₹) | 12.22 | 3.77 | 12.45 | 8.91 | 6.69 |
| ROE % · ROCE % | 1.7 · 2.4 | 1.1 · 1.0 | 2.6 · 3.1 | 2.1 · 2.7 | 1.6 · 1.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | (2) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 2.24 | 3.09 | 2.20 | 1.38 | 0.71 | 2.60 | 2.16 | 1.22 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.6 | 19.0 | 5 of 76 | 95% |
| P/B | 0.0 | 1.0 | 3 of 105 | 96% |
| ROCE | 1.9 | 1.8 | 40 of 83 | 52% |
| ROE | 1.6 | 1.3 | 50 of 111 | 56% |
| Debt / Equity | 0.0 | 0.0 | 1 of 77 | 55% |
| EBITDA margin | 168.9 | 25.6 | 8 of 91 | 92% |
| Revenue growth | 15.0 | (4.1) | 32 of 85 | 63% |
| Profit growth | (11.2) | (0.2) | 59 of 109 | 46% |
| Market cap | 0 | 26 | 112 of 113 | 1% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Routine Reg 74(5) compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · Trading window closed for Q2 and H1 FY26 results | compliance | minimal | — | — |
| 30 Sept 2026 · 45th AGM: All resolutions passed with 100% approval | compliance | low | — | — |
| 30 Sept 2026 · Ridhi Synthetics appoints A.R. Sodha and Co. as statutory auditor for 5 years | management changes | medium | — | — |
| 30 Sept 2026 · Ridhi Synthetics 45th AGM concludes; 3 ordinary resolutions passed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Newspaper Publication of 45th AGM Notice | compliance | minimal | — | — |
| 5 Sept 2026 · FY26 Annual Report: revenue and profit decline, no dividend, auditor change proposed | results | medium | — | — |
| 5 Sept 2026 · Ridhi Synthetics 45th AGM on 30 Sept 2026 at 2 PM in Mumbai | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Book Closure Sep 24-30, 2026 for 45th AGM and E-Voting | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of Q1FY27 unaudited results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.