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RIDDISIDDHI BULLIONS LIMITED

Active
Updated: 21 Oct 2024

Riddisiddhi Bullions Limited, is an unlisted public company incorporated on 09 December, 1994. It is classified as a public limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 42.00 cr and the total paid-up capital is INR 11.72 cr.

Riddisiddhi Bullions Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's book networth has increased by 0.32%.

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Industry

Manufacturing (Others)
Products
  • RSBL SPOT, a spot precious-metals online trading system;
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
106.72%
₹ 7,221.6
EBITDA
-
₹ 6.0
Net Profit
430.69%
₹ 20.9
Networth
11.39%
₹ 204.2
Borrowings
-23.5%
₹ 57.4
Assets
28.61%
₹ 540.5
Gross Margin
-0.22
0.3 %
Operating Margin
0.1
0.1 %
Net Profit Margin
0.18
0.3 %
Return on Equity
8.08
10.2 %
ROCE
5.32
3.9 %
Debt to Equity
-0.13
0.3
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (18)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW ROCE
  • LOW CASH BALANCE
Low Risk
  • LOW INVENTORY
  • GROSS MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,995.4 2,675.0 1,539.5 3,493.4 7,221.6
Operating profit -7.8 -2.1 -0.2 -0.5 6.0
Net profit -2.4 0.5 7.6 3.9 20.9
Gross margin 0.6 0.6 1.0 0.5 0.3
Operating margin -0.4 -0.1 -0.0 -0.0 0.1
Net margin -0.1 0.0 0.5 0.1 0.3
Networth 171.2 171.7 179.4 183.3 204.2
Borrowings 12.6 15.7 12.2 75.0 57.4
Assets 386.4 352.6 314.9 420.2 540.5
Debt to equity 0.1 0.1 0.1 0.4 0.3
Current ratio 1.4 1.5 1.8 1.5 1.4
ROE -1.4 0.3 4.3 2.1 10.2
Days payable 31.0 15.0 14.0 9.0 10.0
WC days 17.0 13.0 25.0 13.0 6.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11.7 11.7 11.7 11.7 11.7
Reserves 159.5 160.0 167.6 171.6 192.5
Borrowings + 12.6 15.7 12.2 75.0 57.4
Long term borrowings 0.9 0.9 - - -
Short term borrowings 11.6 14.7 12.2 75.0 57.4
Trade payables + 167.7 112.0 59.4 82.9 196.7
Days payable 31.0 15.0 14.0 9.0 10.0
Other liabilities + 202.6 165.2 123.4 161.9 278.9
Other non-current liabilities 1.2 0.9 1.1 0.9 1.2
Other current liabilities 33.7 52.3 62.8 78.0 81.1
Total liabilities 386.4 352.6 314.9 420.2 540.5
Fixed Assets + 14.1 12.8 12.9 11.2 10.4
Tangible assets 14.1 12.8 12.8 11.2 10.4
CWIP - - - - -
Intangible assets - - - - -
LT loans and advances 12.8 15.5 9.7 7.3 6.9
Other non-current assets 54.3 53.6 50.9 46.0 70.6
Current assets + 305.1 270.6 241.4 355.8 452.6
Inventories 46.3 77.9 68.3 136.3 115.5
Trade receivables 78.2 55.9 16.5 42.6 132.4
Cash and cash equivalents 84.9 100.2 91.5 95.8 92.6
ST loans and advances 95.2 28.8 62.1 80.9 111.4
Other current assets 0.5 7.8 3.1 0.1 0.7
Total assets 386.4 352.6 314.9 420.2 540.5
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,995.4 2,675.0 1,539.5 3,493.4 7,221.6
Sales growth % -67.58 34.06 -42.45 126.92 106.72
Expenses + 2,005.0 2,678.9 1,541.5 3,496.6 7,218.8
Cost of goods 1,983.1 2,658.4 1,524.5 3,475.9 7,201.2
Employee cost 3.5 3.2 3.6 3.8 4.1
Other costs 16.5 15.5 11.6 14.4 10.3
Operating profit + -7.8 -2.1 -0.2 -0.5 6.0
Operating margin % -0.4 -0.1 -0.0 -0.0 0.1
Other income 8.2 6.2 10.8 9.2 24.0
Interest - 0.2 0.4 1.3 2.2
Depreciation 1.9 1.6 1.4 1.3 1.0
Exceptional items - - - - -
Profit before tax -1.5 2.3 8.9 6.0 26.8
Tax 0.9 1.7 1.2 2.1 6.0
Profit - disc. ops - - - - -
Net profit -2.4 0.5 7.6 3.9 20.9
Net margin % -0.1 0.0 0.5 0.1 0.3
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.1 0.1 0.1 0.4 0.3
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.2 0.1
Total Assets/Equity 2.3 2.0 1.8 2.3 2.6
Liquidity +
Current Ratio 1.4 1.5 1.8 1.5 1.4
Quick Ratio 1.2 1.1 1.3 0.9 1.0
Interest Coverage - -9.0 -0.4 -0.4 2.7
Performance
Gross Margin 0.6 0.6 1.0 0.5 0.3
Operating Margin -0.4 -0.1 -0.0 -0.0 0.1
Net Margin -0.1 0.0 0.5 0.1 0.3
Return +
Return on Equity -1.4 0.3 4.3 2.1 10.2
Pre-tax ROCE -9.1 -3.5 -1.3 -1.4 3.9
Return on Assets -0.6 0.1 2.4 0.9 3.9
Pre-tax ROIC -5.6 -2.1 -0.9 -1.0 2.5
Efficiency +
Days Payable 31.0 15.0 14.0 9.0 10.0
Days Inventory 9.0 11.0 16.0 14.0 6.0
Days Receivable 14.0 8.0 4.0 4.0 7.0
Fixed Asset Turnover 141.3 208.7 119.8 312.2 696.6
Total Asset Turnover 5.2 7.6 4.9 8.3 13.4
Working Capital
Cash Conversion Cycle -8.0 4.0 6.0 9.0 3.0
Working Capital Days 17.0 13.0 25.0 13.0 6.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 2

Total Amount : 50.0 cr

2

MUTHOOT EXIM PRIVATE LIMITED

No. of Loans: 1

Total Amount : 8.7 cr

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Charges

State Bank of India
MUTHOOT EXIM PRIVATE LIMITED

People

Designation Name DIN/PAN Tenure
Director Bhawarlal Saremal Kothari
Shareholder
00002826 22 years
Managing Director Prithviraj Saremal Kothari
Shareholder
00229996 22 years
Whole-time Director Mukesh Manekchand Kothari
Shareholder
00230699 22 years
CFO Mukesh Manekchand Kothari
Shareholder
<HIDDEN> 5 years
Director Sanjiv Laxman Arole 07792517 8 years
Director Vidhya Pravin Balota 07966873 4 years
Kmp Harshit Manoj Jain <HIDDEN> 1 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
HOMELY COMPLEX PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
PSK BUILDERS PRIVATE LIMITED.
Strike Off
1.0 L 1 Maharashtra
PSK CONSTRUCTIONS PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
SUPAMA COMMODITIES LIMITED
Active
77.0 L 4 Maharashtra
SUPAMA REALTORS LIMITED
Converted to LLP and Dissolved
5.0 L 1 Maharashtra
KRISH DREAMS HOME PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
KOTHARI PAYMENT SOLUTIONS PRIVATE LIMITED
Active
1.0 L 3 Maharashtra
HOUSE OF CLOCKS & WATCHES PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
ARANATH REAL ESTATE PRIVATE LIMITED
Active
116.7 Cr 1 Maharashtra
K. BADAMI DEVELOPERS PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
K. SAREMAL DEVELOPERS PRIVATE LIMITED
Active
3.0 Cr 2 Maharashtra
AMTD INTERNATIONAL PRIVATE LIMITED
Active
1.0 Cr 3 Maharashtra
PARSHWANATH VENTURES LLP
Active
1.0 L 1 Maharashtra
BSK REALTORS LLP
Active
50,000.0 1 Maharashtra
MSK INFRA REALTORS LLP
Active
1.0 L 2 Maharashtra
VIMUK ENTERPRISES LLP
Active
1.0 L 2 Maharashtra
ELITE REALTORS INTERNATIONAL LLP
Active
1.0 L 1 Maharashtra
TREELIFE CONSULTANCY SERVICES LLP
Active
15.0 Cr 1 Maharashtra
SUPAMA DEVELOPERS LLP
Active
40,000.0 2 Maharashtra
BADAMI ENTERPRISES LLP
Active
60,000.0 2 Maharashtra
SUPAMA REALTORS LLP
Active
5.0 L 1 Maharashtra
INDIA BULLION AND JEWELLERS ASSOCIATION LIMITED
Active
0.0 1 Maharashtra
JATF MINORITY EDUCATION FOUNDATION
Active
0.0 1 Maharashtra
TREELIFE CONSULTANCY SERVICES PRIVATE LIMITED
Converted to LLP and Dissolved
15.0 Cr 2 Maharashtra
NATIONAL GEMS AND JEWELLERY COUNCIL OF INDIA
Active
0.0 1 Delhi
SUPAMA FINANCIAL SERVICES LLP
Inactive for e-filing
16.0 Cr 2 sh
SUPAMA FINANCIAL SERVICES LIMITED
Active
25.0 Cr 2 Maharashtra
RSBL BUILDERS LLP
Active
1.0 L 1 Maharashtra
PARAG CONSTRUCTIONS PRIVATE LIMITED
Active
3.9 L 1 Maharashtra
HRIDAY PRODUCTS PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
ABHAY INFRABUILD & CONSTRUCTIONS PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
ADARSH GRUHCON PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
ARHAM HOUSECON PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
CHETAN BUILDERS & ESTATES PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
OCEAN INFRAHOUSING & TRADING PRIVATE LIMITED
Active
1.0 L 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
RSBL DIA JEWELS PRIVATE LIMITED Maharashtra 2013 ₹ 10.0 L
SUPAMA COMMODITIES LIMITED Maharashtra 2005 ₹ 77.0 L
Riddisiddhi Bullions DMCC (Dubai) United Arab Emirates - -

Registered Details

CIN

U36912MH1994PLC083644

PAN

AAACR6727L

Incorporation

1994, 30.4 years

Company Email

info@rsbl.co.in

Paid up Capital

₹ 11.7 Cr

Authorised Capital

₹ 42.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - RIDDISIDDHI BULLIONS LIMITED

What is the incorporation date of RIDDISIDDHI BULLIONS LIMITED?

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The incorporation date of RIDDISIDDHI BULLIONS LIMITED is 09 December, 1994

What is the authorized share capital of RIDDISIDDHI BULLIONS LIMITED?

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The authorized share capital of RIDDISIDDHI BULLIONS LIMITED is INR ₹ 42.0 Cr.

What is the paid-up capital of RIDDISIDDHI BULLIONS LIMITED?

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The paid-up capital of RIDDISIDDHI BULLIONS LIMITED is INR ₹ 11.7 Cr.

What is the registered address of RIDDISIDDHI BULLIONS LIMITED?

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The registered address of RIDDISIDDHI BULLIONS LIMITED is 5/ABC, Floor- 5th, 122, Trishala CHS Shaikh Memon Street, Zaveri Bazar, Kalba devi NA Mumbai Mumbai City Maharashtra - 400002

What is the CIN number of RIDDISIDDHI BULLIONS LIMITED?

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The CIN number of RIDDISIDDHI BULLIONS LIMITED is U36912MH1994PLC083644.

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