---
title: "Riddhi Display Equipments Ltd (544640) — Share Price, Financials & Analysis"
symbol: "544640"
company: "Riddhi Display Equipments Ltd"
canonical: "https://tapetide.com/stocks/544640"
isin: "INE1DKT01011"
nse_symbol: "RIDDHIDISPLAYEQUIPMENTSLTD"
bse_code: "544640"
sector: "Consumer Goods"
industry: "Houseware"
market_cap_cr: 23.3
generated_at: "2026-09-13T19:39:01.747Z"
---

# Riddhi Display Equipments Ltd (544640)

Canonical page: https://tapetide.com/stocks/544640

## Company

- **NSE Symbol:** RIDDHIDISPLAYEQUIPMENTSLTD
- **BSE Code:** 544640
- **ISIN:** INE1DKT01011
- **Sector:** Consumer Goods
- **Industry:** Houseware
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-15
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** riddhidisplay.com

## About

Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the business of manufacturing and supplying innovative solutions in the field of display equipment, like Display Counter, Kitchen Equipment, and Refrigeration Equipment.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:49:45.143283Z.

- **Market Cap:** ₹23.3 Cr
- **Classification:** SME
- **P/E (reported):** 5.7
- **Book Value:** ₹42.97
- **Price to Book:** 0.66
- **Dividend Yield:** 0%
- **ROE:** 39.94%
- **ROCE:** 43.65%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹29.1 Cr
- **Net Income:** ₹4.27 Cr
- **EBITDA:** ₹7.7 Cr
- **52-Week High:** ₹80
- **52-Week Low:** ₹23.5
- **RSI (14):** 35.08

## Key Insights

### Strengths

- Stock is trading at 0.63 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 220 days.
- Working capital days have increased from 167 days to 337 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -285.19% | -189.66% | -1.04% |
| ebitda margin growth | -4.27% | 32.6% | 404.58% |
| net income growth | 4.15% | 173% | — |
| revenue growth | 15.94% | 18% | 13.57% |
| roce | -36.93% | 199.38% | 33.74% |
| roe | -33.13% | 38.29% | 162.94% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 14.37 | 10.67 | 14.48 | 14.61 |
| Expenses | 10.8 | 7.37 | 9.71 | 11.61 |
| Operating Profit | 3.57 | 3.3 | 4.77 | 3 |
| OPM % | 24.84 | 30.93 | 32.94 | 20.53 |
| Other Income | 0 | 0.06 | 0.01 | 0.01 |
| Interest | 0.42 | 0.53 | 0.54 | 0.67 |
| Depreciation | 0.17 | 0.18 | 0.24 | 0.57 |
| Profit before tax | 2.98 | 2.65 | 4 | 1.77 |
| Tax % | 25.5 | 27.92 | 20 | 35.59 |
| Net Profit | 2.23 | 1.91 | 3.19 | 1.14 |
| EPS in Rs | 29.99 | 3.09 | 5.17 | 1.32 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 15.3 | 17.53 | 18.86 | 25.03 | 29.1 |
| Expenses | 14.56 | 16.46 | 15.11 | 18.14 | 21.4 |
| Operating Profit | 0.74 | 1.07 | 3.75 | 6.89 | 7.7 |
| OPM % | 4.84 | 6.1 | 19.88 | 27.53 | 26.46 |
| Other Income | 0.07 | 0.01 | 0.02 | 0.04 | 0.02 |
| Interest | 0.48 | 0.5 | 0.73 | 0.95 | 1.21 |
| Depreciation | 0.39 | 0.36 | 0.33 | 0.35 | 0.81 |
| Profit before tax | -0.06 | 0.22 | 2.71 | 5.63 | 5.7 |
| Tax % | 133.33 | 9.09 | 25.83 | 26.47 | 25.09 |
| Net Profit | -0.14 | 0.21 | 2.02 | 4.14 | 4.26 |
| EPS in Rs | -3.11 | 4.67 | 44.89 | 6.71 | 4.93 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.45 | 0.45 | 0.45 | 6.17 | 8.64 |
| Reserves | 0.7 | 0.91 | 2.93 | 4.19 | 28.49 |
| Borrowings | 6.83 | 6.65 | 8.1 | 10.78 | 8.65 |
| Other Liabilities | 7.17 | 9 | 7.67 | 11.21 | 13.93 |
| Total Liabilities | 15.15 | 17.01 | 19.15 | 32.35 | 59.71 |
| Fixed Assets | 2.71 | 2.52 | 2.3 | 3.09 | 10.28 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12.44 | 14.49 | 16.85 | 29.26 | 49.43 |
| Total Assets | 15.15 | 17.01 | 19.15 | 32.35 | 59.71 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.73 | 1.16 | -0.27 | -1.04 | -9.94 |
| Cash from Investing Activity | -0.03 | -0.17 | -0.11 | -1.14 | -8 |
| Cash from Financing Activity | -0.67 | -0.87 | 0.75 | 1.98 | 17.88 |
| Net Cash Flow | 0.03 | 0.11 | 0.37 | -0.2 | -0.06 |
| Free Cash Flow | 0.7 | 0.99 | -0.38 | -2.18 | -17.94 |
| CFO/OP | 100 | 109 | -7 | -4 | -111 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 140.51 | 119.31 | 123.86 | 150.49 | 219.75 |
| Inventory Days | 164.29 | 187.49 | 251.99 | 337.29 | 434.99 |
| Days Payable | 126.13 | 148.31 | 104.73 | 172.05 | 164.67 |
| Cash Conversion Cycle | 178.67 | 158.5 | 271.12 | 315.74 | 490.08 |
| Working Capital Days | 62.5 | 39.77 | 36.96 | 126.72 | 336.65 |
| ROCE % | — | 9.01 | 35.4 | 40.47 | 20.65 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 99.99% | 99.99% | 71.43% |
| FIIs | 0% | 0% | 0.15% |
| DIIs | 0% | 0% | 0% |
| Government | 0% | 0% | 0% |
| Public | 0.01% | 0.01% | 26.42% |
| Others | 0% | 0% | 2% |
| No. of Shareholders | 7 | 7 | 767 |

## 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 / 5 / 10

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 29.54 | Sell |
| EMA (10) | 29.59 | Sell |
| SMA (20) | 31.98 | Sell |
| EMA (20) | 31.06 | Sell |
| SMA (50) | 33.26 | Sell |
| EMA (50) | 32.97 | Sell |
| SMA (100) | 34.06 | Sell |
| EMA (100) | 35.12 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.79 | Neutral |
| MACD (12,26,9) | -1.64 | Sell |
| Stochastic (14,3,3) | 5.68 | Buy |
| ADX (14) | 28.53 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 1.48 | High Volatility |
| ROC (12) | -22.48 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 34.57 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8edacb81-ec39-42d9-876c-5047f4709cea.pdf) |
| 2026-09-08 | [Notice Of 21St Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6cf50983-5918-43e7-b641-9eea1f64aaa1.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d5975e1-2c79-4017-953b-d0c860a62638.pdf) |
| 2026-09-02 | [Intimation Of Appointment Of Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12108ec5-4dc9-40b8-94d7-b2f2f654f007.pdf) |
| 2026-09-02 | [Intimation Of Re-Appointment Of Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=907d36ed-000a-4d35-8471-de0a265a5cea.pdf) |
| 2026-09-01 | [Intimation Of Cut-Off Dates For E-Voting For 21St AGM To Be Held On September 29 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54dc7c5b-78d9-499b-a9e9-c0268e666a9d.pdf) |
| 2026-09-01 | [Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Held On Tuesday 01St September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=734a42f3-d9a0-4cc7-bf3c-fe5aa502cf19.pdf) |
| 2026-07-15 | [Intimation Regarding Commencement Of Commercial Operations At The Companys New Manufacturing Facility At Lucknow Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e4cc9ac5-3794-4e01-9bea-c7b24e3d2f55.pdf) |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d647493a-96eb-4679-8edd-8a45b1ca4e16.pdf) |
| 2026-07-15 | [Certificate Of Non-Applicability Of Corporate Governance Provisions Under Regulation 27 Of SEBI Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b0d7e4d-53a2-4dea-9c90-c3df8ac40750.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - EGM on 15 May 2026 to appoint independent director and reclassify Mrs. Hansaben Pipaliya. | [Notice Of 1St /2026-27 Extra Ordinary General Meeting Pursuant To SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 9h - EGM on 15 May 2026 to appoint independent director and reclassify Mrs. Hansaben Pipaliya.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/79194bf3-19b6-406d-80c3-63a8bd6d9766.pdf) |
| 9h - Board noted independent director resignation, regularized new ID, changed one director’s designation, and called EGM on 15 May 2026. | [Board Meeting Outcome for Intimation Of Outcome Of Board Meeting 9h - Board noted independent director resignation, regularized new ID, changed one director’s designation, and called EGM on 15 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d65eec9d-b300-4072-bd27-48febb4baec0.pdf) |
| 9h - Board noted independent director resignation, regularized Alpeshkumar Gajera, changed Hansaben Pipaliya designation, and set EGM for 15 May 2026. | [Corrigendum To Board Meeting Outcome Dated April 23 2026 9h - Board noted independent director resignation, regularized Alpeshkumar Gajera, changed Hansaben Pipaliya designation, and set EGM for 15 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3971de4e-e59d-4a5f-8c32-48fcb57ed28b.pdf) |
| 7h - NCLT approved amalgamation of Shilpa Therapeutics into listed Shilpa Medicare; effective after certified order and ROC filing. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 7h - NCLT approved amalgamation of Shilpa Therapeutics into listed Shilpa Medicare; effective after certified order and ROC filing.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/042dcea3-f9cf-4676-98bb-b1add94a589c.pdf) |
| 6 Feb - Filed ANDA for Rotigotine 1-8 mg/24h transdermal patches to USFDA on 06 Feb 2026; market USD112M. | [Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 6 Feb - Filed ANDA for Rotigotine 1-8 mg/24h transdermal patches to USFDA on 06 Feb 2026; market USD112M.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8effc704-8294-49ba-bf83-f2dbb18cfa7d.pdf) |
| 6 Feb - Audio recording of Q3 FY26 earnings call (6 Feb 2026) uploaded to company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 6 Feb - Audio recording of Q3 FY26 earnings call (6 Feb 2026) uploaded to company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39164d33-52e8-4c57-91f4-70e05fd70b3a.pdf) |
| 4 Apr - Promoters disclosed 61,71,174 shares held and no encumbrance for FY ended March 31, 2026. | [Declaration Under Regulation 31(4) Of SEBI (SAST) Regulations 2011 4 Apr - Promoters disclosed 61,71,174 shares held and no encumbrance for FY ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7bc2b47-f083-428a-9101-133db3277216.pdf) |
| 28 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for year ended Mar 31, 2026. | [Closure of Trading Window 28 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for year ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c843d15-0b51-4f80-bd3a-5db2ae022208.pdf) |
| 28 Mar - Chand Rameshbhai Kanabar resigned as Independent Director effective March 28, 2026; ceased multiple committee chairmanships. | [Announcement under Regulation 30 (LODR)-Resignation of Director 28 Mar - Chand Rameshbhai Kanabar resigned as Independent Director effective March 28, 2026; ceased multiple committee chairmanships.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c0f233f-0d53-40be-8043-3ef0554b53cc.pdf) |
| 28 Mar - Chand Kanabar resigns as Independent Director effective March 28, 2026; relinquishes audit, NRC, SRC chair roles. | [Announcement under Regulation 30 (LODR)-Change in Directorate 28 Mar - Chand Kanabar resigns as Independent Director effective March 28, 2026; relinquishes audit, NRC, SRC chair roles.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7cc4ef91-f330-4802-af9c-eb2b632e8d98.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e6e95e8-f550-4324-acd5-1ef3cc451de6.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00621fce-9a08-4b3c-95f2-056191f3f1e6.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/473d0784-ca83-47df-934b-93e1d709096d.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2e304e1-8071-41df-a179-84ce6188d00f.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc3b23e4-3f8d-4aae-8845-10b1c0d0a442.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bb8ccbb-2077-49db-9258-f5a7f4f0b211.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88597476-a3f5-4237-b5e7-24ef4d63e77c.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28a1497e-d687-47d4-a278-97887415b5da.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b25715f1-ee6f-4138-b2c9-ffedeff3a3db.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1165b616-39c5-451a-b88f-d40ccbf7deb4.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-01-12 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16b90eec-abf3-49f0-a96a-4b716f555158.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_194_SHILPAMED_2012_2013_05072013163602.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8189cb5-7760-4799-b1fc-2198d8f48180.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d59d30c-8efc-48bd-966f-262d76b0ca2e.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ac57c99-5517-4291-84c1-8fe9d6b579f3.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/76191530549.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/71186530549.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/5305490320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/5305490319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/5305490318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530549/5305490317.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 2026-09-13T19:39:01.747Z.