---
title: "Ridings Consulting Engineers India Ltd (541151) — Share Price, Financials & Analysis"
symbol: "541151"
company: "Ridings Consulting Engineers India Ltd"
canonical: "https://tapetide.com/stocks/541151"
isin: "INE314Z01014"
bse_code: "541151"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T11:01:40.340Z"
---

# Ridings Consulting Engineers India Ltd (541151)

Canonical page: https://tapetide.com/stocks/541151

## Company

- **BSE Code:** 541151
- **ISIN:** INE314Z01014
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2018-03-26
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ridingsindia.com

## About

The company was founded in 1995 by (Late) Mr. S.D. Baveja, to serve the growing needs for high-quality geospatial data generation & G.I.S solutions for the various Industries. Over the year’s operations have increased from India to Middle East nations with a vision of global inclusivity in mind.

## Latest Price

## Key Insights

### Weaknesses

- Stock is trading at 3.13 times its book value
- The company has delivered a poor sales growth of -22.1% over past five years.
- Company has a low return on equity of -101% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.98 Cr.
- Company has high debtors of 780 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -64% | 26% | -51% |
| revenue growth | 9% | -36% | -22% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2017 | Sep 2017 | Dec 2017 | Dec 2018 |
| --- | --- | --- | --- | --- |
| Sales | 0 | 6.22 | 6.49 | 0 |
| Expenses | 0.03 | 4.87 | 4.18 | 0 |
| Operating Profit | -0.03 | 1.35 | 2.31 | 0 |
| OPM % | — | 21.7 | 35.59 | — |
| Other Income | 0 | 0.01 | -0.83 | 0 |
| Interest | 0 | 0.5 | 0.04 | 0 |
| Depreciation | 0 | 0.2 | 0.07 | 0 |
| Profit before tax | -0.03 | 0.66 | 1.37 | 0 |
| Tax % | 0 | 33.33 | 16.06 | — |
| Net Profit | -0.03 | 0.45 | 1.15 | 0 |
| EPS in Rs | -0.15 | 2.25 | 1.31 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.61 | 13.4 | 13.52 | 14.19 | 16.88 | 18.78 | 18.24 | 5.24 | 2.08 | 4.85 |
| Expenses | 7.27 | 10.39 | 10.31 | 11.79 | 13.83 | 14.67 | 22.97 | 22.94 | 2.4 | 3.83 |
| Operating Profit | 1.34 | 3.01 | 3.21 | 2.4 | 3.05 | 4.11 | -4.73 | -17.7 | -0.32 | 1.02 |
| OPM % | 15.56 | 22.46 | 23.74 | 16.91 | 18.07 | 21.88 | -25.93 | -337.79 | -15.38 | 21.03 |
| Other Income | 0 | 0.12 | 0.02 | 0.08 | 0.02 | 0.07 | 0.61 | 5.47 | 2.13 | 0.71 |
| Interest | 0 | 0.78 | 0.96 | 0.88 | 1.01 | 1.59 | 1.5 | 0.96 | 0.86 | 0.74 |
| Depreciation | 0.13 | 0.57 | 0.66 | 0.49 | 0.53 | 0.86 | 0.95 | 0.66 | 0.4 | 0.25 |
| Profit before tax | 1.21 | 1.78 | 1.61 | 1.11 | 1.53 | 1.73 | -6.57 | -13.85 | 0.55 | 0.74 |
| Tax % | 33.06 | 34.83 | 34.16 | 53.15 | 33.99 | 28.32 | -23.74 | -24.55 | 96.36 | 95.95 |
| Net Profit | 0.8 | 1.17 | 1.07 | 0.52 | 1.02 | 1.24 | -5.01 | -10.45 | 0.02 | 0.03 |
| EPS in Rs | 8 | 7.8 | 7.13 | 2.6 | 5.1 | 1 | -4.03 | -8.4 | 0.02 | 0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1.5 | 1.5 | 2 | 2 | 12.44 | 12.44 | 12.44 | 12.44 | 12.44 |
| Reserves | 2.55 | 4.46 | 5.51 | 6.03 | 6.92 | 4.71 | -0.3 | -10.75 | -10.73 | -10.7 |
| Borrowings | 3.24 | 5.59 | 6.75 | 6.61 | 9.4 | 10.3 | 9.49 | 9.55 | 10.32 | 11 |
| Other Liabilities | 2.62 | 4.71 | 5.49 | 7.88 | 7.48 | 5.96 | 11.04 | 9.13 | 5.37 | 4.53 |
| Total Liabilities | 9.41 | 16.26 | 19.25 | 22.52 | 25.8 | 33.41 | 32.67 | 20.37 | 17.4 | 17.27 |
| Fixed Assets | 0.85 | 2.83 | 2.48 | 2.22 | 2.02 | 2.83 | 2.19 | 1.49 | 1.09 | 0.96 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.56 | 13.43 | 16.77 | 20.3 | 23.78 | 30.58 | 30.48 | 18.88 | 16.31 | 16.31 |
| Total Assets | 9.41 | 16.26 | 19.25 | 22.52 | 25.8 | 33.41 | 32.67 | 20.37 | 17.4 | 17.27 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | — | — | — | -0.45 | -3.88 | -1.88 | 0.62 | -0.15 | 0.06 |
| Cash from Investing Activity | 0 | — | — | — | -0.31 | -1.67 | -0.24 | 0.14 | 0.02 | -0.07 |
| Cash from Financing Activity | 0 | — | — | — | 0.92 | 9.76 | -2.27 | -0.76 | 0.07 | 0 |
| Net Cash Flow | 0 | — | — | — | 0.16 | 4.21 | -4.39 | 0 | -0.05 | -0.02 |
| Free Cash Flow | 0 | — | — | — | -0.78 | -5.55 | -2.19 | 0.66 | -0.15 | -0.06 |
| CFO/OP | 0 | — | — | — | -15 | -80 | 34 | -6 | 200 | 20 |

### Ratios

| Item | Mar 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 256.48 | 227.99 | 299.67 | 335.68 | 252.34 | 390.46 | 534.49 | 811.5 | 1758.32 | 780.42 |
| Inventory Days | — | — | — | — | — | — | 0 | — | — | — |
| Cash Conversion Cycle | 256.48 | 227.99 | 299.67 | 335.68 | 252.34 | 390.46 | 534.49 | 811.5 | 1758.32 | 780.42 |
| Working Capital Days | 183.14 | 69.19 | 120.14 | 73.57 | 49.52 | 195.72 | 156.29 | -426.99 | -838.8 | -304.79 |
| ROCE % | 18.6 | — | 20.55 | 14.01 | 15.41 | 14.51 | -20.66 | -78.43 | 12.03 | 11.87 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 69.71% |
| Public | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 30.28% |
| No. of Shareholders | 70 | 87 | 88 | 91 | 111 | 106 |

### Quarterly

| Category | Mar 2018 | Sep 2018 | Mar 2019 | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 70.74% | 69.85% | 69.71% |
| Public | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 29.26% | 30.15% | 30.28% |
| No. of Shareholders | 70 | 85 | 87 | 91 | 88 | 90 | 91 | 106 | 111 | 100 | 102 | 106 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.97 | Sell |
| EMA (10) | 5.48 | Sell |
| SMA (20) | 5.79 | Sell |
| EMA (20) | 5.8 | Sell |
| SMA (50) | 5.92 | Sell |
| EMA (50) | 6.16 | Sell |
| SMA (100) | 7 | Sell |
| EMA (100) | 7.83 | Sell |
| SMA (200) | 12.7 | Sell |
| EMA (200) | 11.99 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.39 | Neutral |
| MACD (12,26,9) | -0.27 | Sell |
| Stochastic (14,3,3) | 5.7 | Buy |
| ADX (14) | 21.51 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.43 | High Volatility |
| ROC (12) | -31.85 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 17.51 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-05 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5bef7229-f765-4c1c-9492-989785f40ad9.pdf) |
| 2026-02-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2f70bec-78e0-484f-98e3-8b40b5206215.pdf) |
| 2026-02-24 | [Postal Ballot And Cut-Off Date For E-Voting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61fb8e75-62e6-4ac7-836e-ec28a7300412.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1b626c4-1a98-4b40-9bcb-4c854d4b1fa2.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7baaad85-4fd0-4619-93bd-3a34d49ee5f0.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12e9271c-2093-486f-a9a6-8e650e6f6489.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5588fe44-fc69-4972-a4fb-33b38fd0dcd0.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc4bd921-56b0-4a1d-b991-8b3b5d193481.pdf) |
| 2023-07-01 | [Disclosure Of Reasons For Delay In Compliances Of LODR.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e94c4c60-b75e-4f19-921e-7782a55d2d46.pdf) |
| 2023-07-01 | [Results-Delay in Financial Results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a94eb0ff-a1e4-461b-9eb8-0c253861a30f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b3b799f-d3a6-4e13-99f2-05baa687d31e.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fb520e5-7b19-487a-b264-393e320a8a33.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/595bdf33-91ec-4549-8232-9d7429d0e43c.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=595bdf33-91ec-4549-8232-9d7429d0e43c.pdf) |
| 2023 | Financial Year 2023 |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/541151/77073541151.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/513519/74975513519.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/541151/71169541151.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/513519/70209513519.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/541151/65446541151.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1b626c4-1a98-4b40-9bcb-4c854d4b1fa2.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7021aa82-85d5-4c35-982a-e777fe97d3ba.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b12d1df4-e886-498b-b750-fdd6fba7b015.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/614eb635-75a9-4743-be56-04a2b206e9ee.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec59ac3f-77db-4b70-9fb6-ce20bfab7a4c.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81b988c3-5f2f-469f-87ea-03c59f8f14b8.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01e4a58b-1906-4a38-8a52-e833b62c80ea.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b1c1e42-4d2a-40ea-9fe5-b504772ee3b3.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d09cc52e-943c-4cf5-bc0e-fb423bc2ce98.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/546f8a15-f505-475a-9e97-200e6e6ac1d8.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-12-02 | Credit rating update — Acuité |
| 2025-01-28 | Credit rating update — India Ratings |
| 2024-09-03 | Credit rating update — Acuité |
| 2023-11-23 | Credit rating update — India Ratings |
| 2023-06-06 | Credit rating update — Acuité |
| 2023-05-22 | Credit rating update — Acuité |
| 2022-11-16 | Credit rating update — India Ratings |
| 2022-02-24 | Credit rating update — Acuité |
| 2022-01-17 | Credit rating update — CARE Ratings |
| 2021-11-30 | Credit rating update — India Ratings |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2023-07-01 | [Disclosure Of Reasons For Delay In Compliances Of LODR.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e94c4c60-b75e-4f19-921e-7782a55d2d46.pdf) |
| 2023-07-01 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a94eb0ff-a1e4-461b-9eb8-0c253861a30f.pdf) |
| 2023-04-27 | [Certificate Regarding Transfer And Transmission Of Shares](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f476a0d8-59aa-4317-98ef-ad16c32e469e.pdf) |
| 2023-04-21 | [Revised Scrutinizer Report Due To Clerical Error](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a460f17f-5e2e-4f49-825f-f22ff03945cc.pdf) |
| 2023-04-21 | [Compliance Certificate RTA-Yearly](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=787d8736-fcd3-4951-8557-e10efd29bfa5.pdf) |
| 2023-04-21 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ccb4e6a-901c-4239-b610-7015ba739b16.pdf) |
| 2023-04-20 | [Scrutinizer Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67ce3a73-b065-4ac5-a926-44c94ba71174.pdf) |
| 2023-04-20 | [Scrutinizer Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=626696d7-0baa-4063-a362-bea2fbc3c859.pdf) |
| 2023-04-17 | [Outcome Of EOGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fd17fba-71c5-44d3-a73a-594499baa772.pdf) |
| 2023-03-23 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, March 22, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40bb167d-6d28-4c0f-be68-8a0b44d3ef94.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:40.340Z.