Radiant Cash Management Services Limited is an integrated cash logistics company incorporated in 2005 and headquartered in Chennai, India. The company operates as an integrated cash logistics player with a pan-India presence and a robust network extending into Tier 2 and Tier 3+ locations. Radiant Cash Management Services Limited is a leading integrated cash logistics player in India, operating across five key verticals: cash pickup and delivery, currency management, cash processing, cash vans/cash in transit, and other value-added services.
The company has established itself as a market leader in retail cash management services, serving a diverse clientele across India. They serve over 5,388 locations and provide customized technology and process controls to offer a wide range of solutions. With their RADMUS mobile application, the company ensures secure end-to-end reconciliation between customers and end-users, enhancing operational transparency and security.
Radiant Cash Management Services Ltd is an India-based integrated cash logistics company primarily engaged in the retail cash management business. The company operates its business across five core verticals:
- Cash Pick-up and Delivery: This segment focuses on the collection and delivery of cash on behalf of its clients from end-users, ensuring secure and timely transactions.
- Network Currency Management: Consists of cash collection from end-users and deposit into the company's current accounts, with subsequent transfer to the client's accounts either on the same day or the next working day.
- Cash Processing: This segment includes the critical task of sorting notes into various categories such as soiled, mutilated, fit, issuable, counterfeit, and ATM-ready bundles.
- Cash Vans / Cash in Transit: Offers specially fabricated armored vans, available on long-term or ad-hoc hire, for the secure movement of cash or bullion within its client's network.
- Other Value-Added Services: Encompasses additional services that complement its core logistics offerings, providing comprehensive solutions to clients.
The company serves a wide array of clients, including foreign, private, and public sector banks. The end-users of its services span various industries, including e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways, and retail petroleum distribution outlets. Its diverse client portfolio covers:
- Banks
- NBFCs and Microfinance Institutions
- Logistics companies and E-commerce businesses
- Retail sectors such as restaurants, jewelry stores, electronics retailers, auto parts suppliers, apparel and lifestyle retailers, petrol pumps, furniture stores, supermarkets, salons, sports goods retailers, footwear retailers, pharmacies, diagnostics/labs, hospitals, and cinemas.
Radiant Cash Management Services Ltd (RADIANTCMS) holds a market capitalization of ₹686.13 crore as of June 17, 2025, classifying it as a Small Cap company as per Value Research. The company's P/E (price-to-earnings) ratio stands at 14.76, and the P/B (price-to-book) ratio is 2.70.
Recent financial performance demonstrates consistent growth:
- FY 2024-25: Sales rose 10.57% to ₹427.15 crore, compared to ₹386.32 crore in FY 2023-24. Net profit increased by 3.91% to ₹46.50 crore, up from ₹44.75 crore in the previous year.
- Q4 FY 2024-25: Net profit rose 16.08% to ₹9.82 crore, against ₹8.46 crore in Q4 FY 2023-24. Sales grew 5.53% to ₹104.31 crore, from ₹98.84 crore in the same period last year.
- Q3 FY 2024-25 (December 2024): Consolidated net sales were ₹115.89 crore, marking a 15.17% YoY increase. Net profit increased by 12.57% to ₹13.35 crore, with EBITDA rising 30.24% to ₹23.43 crore.
The company has maintained healthy financial ratios and performance metrics:
- Operating Revenue: ₹427.15 crore on a trailing 12-month basis.
- Revenue Growth: An annual revenue growth of 11%, indicating good performance.
- Pre-tax Margin: A healthy pre-tax margin of 15%.
- Return on Equity (ROE): An exceptional ROE of 17%.
- Dividend Yield: The current dividend yield is 3.89%.
The company is promoted by Col David Devasahayam and Dr. Renuka David, who collectively own 56.92% of the total equity. Col David Devasahayam serves as the chairman of the company, with Jaya Bharathi Karumuri as the Company Secretary.
Radiant Cash Management Services has a consistent dividend policy. The Board of Directors, at its meeting on May 23, 2025, recommended a final dividend of ₹2.5 per equity share (250%), subject to shareholder approval. In the quarter ending March 2024, the company declared a dividend of ₹2.50, translating to a dividend yield of 3.92%.
The company demonstrated stable performance in FY 2024-25, achieving a 10% growth in consolidated revenue and a 12.5% increase in EBITDA. This was achieved despite facing challenges in the retail cash management and BFSI sectors. Notably, direct business revenue surged to 15% of total revenues, bolstered by a robust 40% growth in Cash Van Operations.
While the fintech subsidiary began contributing positively, the management remains cautious about external market conditions, particularly in microfinance and personal loans. Strategic initiatives, including the launch of new services and expansion into rural markets, aim to enhance operational efficiencies and customer acquisition. These strategies position the company for a projected Compound Annual Growth Rate (CAGR) of 15% to 18% over the next three years.
Radiant Cash Management Services Ltd (RADIANTCMS) has seen its 52-week high at ₹91.50 and a 52-week low at ₹49.38. The stock reached its all-time high on January 4, 2023, with a price of ₹116.80 INR, and its all-time low of ₹49.38 INR was recorded on March 28, 2025.
The company operates in the Industrials sector and is classified under Business Support Services, making it a specialized player in the cash management and logistics industry across India.
