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Radha Madhav Corporation Limited
(RMCL)
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Rating:44Neutral
Price Target:―
Action:Reiterated
Date:09/24/26
The score is driven primarily by weak and unstable financial performance: highly volatile revenue/profitability, a balance sheet that only recently recovered from negative equity, and leverage risk in FY2026 despite negative returns. Valuation further pressures the score due to an extremely high P/E (186.915) without a provided dividend yield. Technical conditions could not be assessed due to missing indicator data, so they do not materially improve the overall view.
Positive Factors
Recent Positive Cash Generation
Positive operating and free cash flow across the latest three fiscal years provides a source of internal funding and indicates some improvement in cash conversion. If sustained, this can support operations and reduce reliance on external financing, although the unusually large FY2026 inflow warrants caution.
Negative Factors
Extreme Revenue Volatility
A reported collapse to zero annual revenue following a sharp rebound highlights an unstable operating model and makes future sales difficult to forecast. Such inconsistency can weaken customer and business continuity, limit operating leverage, and raise execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Positive Cash Generation
Positive operating and free cash flow across the latest three fiscal years provides a source of internal funding and indicates some improvement in cash conversion. If sustained, this can support operations and reduce reliance on external financing, although the unusually large FY2026 inflow warrants caution.
Read all positive factors
Radha Madhav Corporation Limited (RMCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹178.03M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)512.8
Beta (1Y)N/A
Revenue Growth-100.00%
EPS Growth-150.19%
CountryIN
Employees226
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.48
Shares Outstanding91,295,780
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio1.67
Price to Book (P/B)241.35
Price to Sales (P/S)0.00
P/FCF Ratio53.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Radha Madhav Corporation Limited Business Overview & Revenue Model
Company Description
Radha Madhav Corporation Limited, established in 1994 and headquartered in Daman, India, operates as a prominent international manufacturer and supplier of an extensive array of packaging solutions. The company's diverse product portfolio encompas...
Radha Madhav Corporation Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 33.60M | 1.76M | 3.42M | 3.42M |
| Gross Profit | -10.68M | 33.35M | -29.32M | 3.42M | -63.75M |
| EBITDA | -1.01M | 8.62M | -240.15M | 3.41M | 3.41M |
| Net Income | -4.04M | 770.00K | -245.32M | -6.73M | -6.73M |
Balance Sheet | |||||
| Total Assets | 148.92M | 175.27M | 247.63M | 293.49M | 548.98M |
| Cash, Cash Equivalents and Short-Term Investments | 4.47M | 6.39M | 4.55M | 4.16M | 7.01M |
| Total Debt | 15.50M | 0.00 | 211.29M | 288.99M | 376.62M |
| Total Liabilities | 137.82M | 160.13M | 233.25M | 304.98M | 923.08M |
| Stockholders Equity | 11.10M | 15.14M | 14.38M | -11.49M | -374.10M |
Cash Flow | |||||
| Free Cash Flow | 50.37M | 21.56M | 67.44M | -536.05M | 660.00K |
| Operating Cash Flow | 50.38M | 21.56M | 67.44M | -536.05M | 800.00K |
| Investing Cash Flow | -10.00K | 123.79M | 10.65M | 8.70M | 120.00K |
| Financing Cash Flow | -52.29M | -143.51M | -77.70M | -2.09B | -750.00K |
Radha Madhav Corporation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹328.89M | -10.12 | ― | ― | 10.74% | 95.44% | |
48 Neutral | ₹429.00M | -8.27 | ― | ― | -4.09% | 67.81% | |
44 Neutral | ₹178.03M | 512.82 | ― | ― | -100.00% | -150.19% | |
42 Neutral | ₹158.06M | -13.00 | ― | 0.05% | 115.21% | 27.48% | |
41 Neutral | ₹100.71M | -9.16 | ― | 1.90% | -85.73% | 17.47% | |
41 Neutral | ₹428.83M | 0.89 | ― | 0.40% | -100.00% | ― |
* General Sector Average
IN:RMCL
Radha Madhav Corporation Limited
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Radha Madhav Corporation Limited Corporate Events
Radha Madhav Corporation Closes Trading Window Ahead of Quarterly Results
Sep 21, 2026
Radha Madhav Corporation Limited has announced the closure of its trading window for equity shares for all designated employees starting October 1, 2026. This measure applies to insiders covered under SEBI’s Prohibition of Insider Trading Re...
Radha Madhav Corp Clarifies Non-Applicability of Consolidated Results Under SEBI Rules
Sep 21, 2026
Radha Madhav Corporation Limited, listed on the National Stock Exchange as RMCL, operates under SEBI’s Listing Obligations and Disclosure Requirements as a public company. It currently presents its financials on a standalone basis, reflectin...
Radha Madhav Corp Sets September AGM With Focus on Governance and CFO Appointment
Sep 2, 2026
Radha Madhav Corporation Limited has called its 22nd Annual General Meeting for September 25, 2026, to be conducted via video conferencing and other audio-visual means in line with provisions of the Companies Act, 2013. Shareholders will review an...
Radha Madhav Exempt from SEBI Corporate Governance Reporting on Size Grounds
Jul 3, 2026
Radha Madhav Corporation Limited has notified the stock exchanges that the submission of a corporate governance report is not applicable for the quarter and year ended June 30, 2026. A practicing company secretary has certified that the company fa...
Exchange Seeks Clarification on Radha Madhav Corporation’s March 2026 Results
Jun 24, 2026
The stock exchange has requested clarification from Radha Madhav Corporation Limited regarding its financial results for the quarter ended 31 March 2026 under Regulation 33 of SEBI’s listing and disclosure rules. The company has yet to respo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.