Reliable Data Services Limited (RELIABLE)
₹134.51 -2.89% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Reliable Data's revenue was ₹57.6 Cr (+45.9% year on year, +4.6% on the previous quarter), and net profit ₹2.4 Cr (+42.3% year on year); the operating margin was 7.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹57.6 | +45.9% | +4.6% |
| Operating profit | ₹4.6 | +6.8% | +67.0% |
| Net profit | ₹2.4 | +42.3% | +86.7% |
| EPS (₹) | 2.32 | +42.3% | +87.1% |
| Operating margin | 7.9% | — | — |
RELIABLE delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 50.82% of the RELIABLE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.45%. That is close to its usual level. It traded 3.0 times its average daily volume. 4 bulk or block deals were reported in RELIABLE in the last 60 days: ₹5 Cr bought and ₹2 Cr sold.
Delivery in the last 5 sessions: 90.0% · 82.4% · 76.3% · 72.7% · 50.8%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 12 Oct | Buy | Mayadevi K Kabra | ₹2.90 Cr | ₹141.05 | 205,844 | Bulk |
| 12 Oct | Buy | Smital Suresh Thakkar | ₹1.76 Cr | ₹140.47 | 125,000 | Bulk |
| 12 Oct | Sell | Pritesh Prakash Chavan | ₹1.48 Cr | ₹141.25 | 105,000 | Bulk |
| 12 Oct | Sell | Mayadevi K Kabra | ₹0.41 Cr | ₹138.00 | 30,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Reliable Data Services Limited announced the results of its 25th Annual General Meeting held on September 29, 2026. Shareholders approved all four resolutions with overwhelming support (~99.99% votes in favor), representing a total turnout of 68.34% of outstanding shares. Key approvals include the adoption of FY26 financial statements, declaration of a final dividend of ₹0.05 per equity share, and the reappointment of Mrs. Puja Kumari as Independent Director for a second 5-year term.
- All 4 AGM resolutions passed with ~99.99% of polled votes in favour
- Total voter turnout represented 68.34% of total outstanding shares (70,52,957 votes polled)
- Approved final dividend of ₹0.05 per equity share
- Approved reappointment of Independent Director Mrs. Puja Kumari for a second 5-year term
Reliable Data Services Limited held its 25th Annual General Meeting on September 29, 2026, via video conferencing. The meeting transacted 4 resolutions, including the adoption of FY26 financial statements, declaration of a final dividend for FY26, and the reappointment of directors. All resolutions were approved with the requisite majority, and detailed voting results will be submitted within two working days.
- 25th Annual General Meeting successfully concluded on September 29, 2026
- Meeting commenced at 04:00 PM IST and concluded at 04:45 PM IST
- 4 resolutions tabled and approved, including final dividend declaration for FY 2025-26
- Independent Director Mrs. Puja Kumari reappointed subject to approval
- Detailed voting results to be declared within 2 working days
Reliable Data Services has approved an enabling resolution to raise funds up to ₹200 crore via preferential allotment, QIP, rights issue, or other eligible securities. The proposed fundraise is massive relative to the company's current scale, representing ~139% of its market capitalization (₹144 crore) and ~98% of TTM revenue (₹205 crore). The proceeds are earmarked for upcoming projects, expansion of existing projects, and working capital requirements. The proposal is subject to shareholder approval via postal ballot, with specific pricing and structure yet to be finalized.
- Board approved raising of funds up to ₹200 Crores
- Fundraise represents ~139% of the company's current market cap of ₹144 Cr
- Modes approved include Preferential Allotment, QIP, Rights Issue, or other eligible securities
- Draft Postal Ballot Notice approved to seek shareholder consent
Reliable Data Services Limited has fixed September 18, 2026, as the record date for determining shareholder eligibility for a final dividend of ₹0.05 per equity share (face value ₹10) for FY26. The dividend proposal is subject to shareholder approval at the upcoming Annual General Meeting on September 29, 2026. Once approved, the dividend will be disbursed within 30 days of the AGM. At the current market price of ₹140.90, this represents a nominal dividend payout.
- Recommended final dividend of ₹0.05 per equity share of face value ₹10 for FY26
- Record date fixed as Friday, September 18, 2026
- Annual General Meeting scheduled for Tuesday, September 29, 2026
- Payment to be completed within 30 days of the AGM date
Reliable Data Services Limited has issued the notice for its 25th Annual General Meeting (AGM) scheduled for September 29, 2026. Key agenda items include the adoption of FY26 financial statements, reappointment of Mr. Sandeep Kumar Jha who retires by rotation, and approval of a final dividend of ₹0.05 per equity share (face value ₹10). Shareholders will also vote on a special resolution to reappoint Mrs. Puja Kumari as an Independent Director for a second 5-year term from September 29, 2026 to September 28, 2031.
- 25th AGM scheduled for September 29, 2026 at 4:00 PM via Video Conferencing
- Final dividend of ₹0.05 per equity share (face value ₹10) proposed for FY26
- Cut-off date for remote e-voting eligibility set for September 18, 2026
- Remote e-voting window open from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Proposed reappointment of Mrs. Puja Kumari as Independent Director for 5 years (2026–2031)
Reliable Data Services reported strong Q1 FY27 results with consolidated revenue jumping 48.4% YoY to Rs 58.54 Cr. Profit Before Tax (Consolidated) nearly doubled to Rs 4.40 Cr from Rs 2.27 Cr in the year-ago period. The company declared a final dividend of Rs 0.05 per share, though the total payout is modest at Rs 5.16 Lakhs. The results highlight a significant shift in revenue mix, with the Non-BFSI segment now contributing the majority of the top line.
- Consolidated revenue from operations increased 48.4% YoY to Rs 58.54 Cr.
- Consolidated Profit Before Tax (PBT) rose 93.8% YoY to Rs 4.40 Cr.
- Standalone Net Profit grew 69.8% YoY to Rs 1.57 Cr from Rs 0.93 Cr.
- Non-BFSI segment revenue surged to Rs 38.62 Cr compared to Rs 15.02 Cr in Q1 FY26.
- Board recommended a final dividend of Rs 0.05 per equity share for FY26.
Reliable Data Services Limited has filed a formal declaration under SEBI (SAST) Regulation 31(4) for the financial year ended March 31, 2026. The promoters and persons acting in concert (PAC) have confirmed that no shares were encumbered or pledged, directly or indirectly, during the fiscal year. This routine filing reinforces the stability of the promoter holding, which stands at 67.79%. With a TTM revenue of ₹187 Cr and a relatively low debt-to-equity ratio of 0.30, the lack of promoter pledges is a neutral-to-positive indicator of financial health.
- Promoters confirmed zero encumbrance of shares for the full financial year ended March 31, 2026
- Promoter holding remains significant at 67.79% as of the March 2026 quarter
- The declaration was submitted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Company maintains a manageable debt level of ₹14 Cr against a net worth of ₹47 Cr
Reliable Data Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, the company and its RTA, Skyline Financial Services, processed all dematerialization requests within the mandated 15-day timeline. This involves the verification, mutilation, and cancellation of physical share certificates and the substitution of the depository's name in the company's records. This is a standard administrative procedure for listed companies in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests processed and records updated within 15 days
- Registrar and Share Transfer Agent (RTA) confirmed as Skyline Financial Services Private Limited
- Physical certificates were mutilated and cancelled as per SEBI regulations
Reliable Data Services Limited has informed the stock exchanges that its trading window will be closed starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is in anticipation of the upcoming un-audited financial results for the quarter ending June 30, 2026. The window will remain shut for all designated persons and their immediate relatives until 48 hours after the results are declared.
- Trading window closure effective from July 1, 2026
- Closure pertains to the un-audited financial results for the quarter ended June 30, 2026
- Restriction applies to all Designated Persons and their immediate relatives
- Window to reopen 48 hours after the official declaration of financial results
Reliable Data Services has addressed stock exchange queries regarding missing segment data and XBRL filing discrepancies for the period ended March 31, 2025. The company attributed the errors to human oversight during scanning and technical issues in the XBRL utility, providing the rectified segment details. Financially, the company reported robust growth with consolidated net revenue rising 64.5% YoY to ₹130.59 crore. Consolidated Profit Before Tax (PBT) nearly doubled, reaching ₹13.81 crore compared to ₹6.98 crore in the previous fiscal year.
- Consolidated Net Revenue increased to ₹130.59 crore in FY25 from ₹79.38 crore in FY24
- Consolidated Profit Before Tax (PBT) surged 97.8% YoY to ₹13.81 crore
- Standalone BFSI segment revenue for FY25 reached ₹48.19 crore, up from ₹27.03 crore in FY24
- Company rectified XBRL discrepancies where PAT figures were previously misaligned between PDF and digital filings
- Standalone Profit Before Tax for FY25 stood at ₹9.15 crore versus ₹3.96 crore in the previous year
Reliable Data Services Limited has addressed non-compliance notices from NSE and BSE regarding Regulation 17(1) of SEBI LODR for the quarter ended December 2025. The exchanges levied fines totaling approximately ₹94,400 (₹47,200 each including GST) due to a delay in appointing an Independent Director. The company restored compliance on February 14, 2026, by appointing Mrs. Bhoomika Aditya Gupta to the Board. While the fines have been paid, the company has submitted waiver applications, citing that the delay was procedural and due to rigorous due diligence requirements.
- NSE and BSE levied fines of ₹47,200 each for non-compliance with Board composition requirements under Regulation 17(1).
- The non-compliance occurred during the quarter ended December 31, 2025, due to a vacancy in the Independent Director position.
- Compliance was achieved on February 14, 2026, with the appointment of Mrs. Bhoomika Aditya Gupta as an Independent Director.
- The company has paid the applicable fines and filed for a waiver with both exchanges.
- The Board clarified that the delay was not willful but resulted from issues identified during the due diligence of prospective candidates.
Reliable Data Services Limited reported its audited financial results for the fiscal year ending March 31, 2026, showing a strengthened balance sheet. Total assets grew to ₹45.99 crore from ₹43.50 crore in the previous year. Notably, the company's reserves and surplus increased by approximately 70.8% to ₹5.35 crore, and cash equivalents more than doubled to ₹4.91 crore, indicating improved liquidity and internal accruals.
- Reserves and Surplus grew significantly by 70.8% YoY to ₹5.35 crore.
- Cash and cash equivalents increased to ₹4.91 crore from ₹2.39 crore in the previous year.
- Total assets reached ₹45.99 crore as of March 31, 2026, up from ₹43.50 crore.
- Share capital expanded to ₹11.89 crore from ₹10.32 crore.
- Trade receivables rose to ₹21.64 crore, reflecting higher business volume but requiring monitoring of collection cycles.
Reliable Data Services Limited has received notices from both the National Stock Exchange (NSE) and BSE Limited regarding non-compliance with Regulation 17(1) of SEBI LODR for the quarter ended March 31, 2026. Each exchange has imposed a fine of ₹2,59,600 (including GST), resulting in a total financial penalty of ₹5,19,200. The company has stated it is in the process of filing for a waiver of these fines. Failure to resolve such governance issues could lead to the freezing of promoter shareholdings or the stock being moved to the 'Z' category (Trade-for-Trade).
- NSE and BSE imposed identical fines of ₹2,59,600 each for violations related to board composition.
- The total penalty of ₹5,19,200 arises from non-compliance with Regulation 17(1) for the quarter ended March 31, 2026.
- The company is actively seeking a waiver of the fines from both stock exchanges.
- Exchanges have warned of potential promoter shareholding freezes if fines are not settled within 15 days.
- Continued non-compliance may result in the company's securities being shifted to the 'Z' category.
Reliable Data Services Limited has informed the exchanges that officials from the GST Department's Preventive Cell visited their office on May 19, 2026. Following the visit, a formal summon was issued to the company regarding an enquiry into GST compliance. The company has stated that it has complied with all requirements and provided the necessary documentation to the authorities. While the company maintains it is in compliance, the involvement of the Preventive Cell warrants close monitoring for potential tax liabilities.
- GST Department Preventive Cell conducted an office visit on May 19, 2026
- A formal summon was issued to the company on May 19, 2026, following the visit
- The enquiry specifically pertains to the company's GST compliance history
- Management confirms that all requested documents have been submitted to the department
- Disclosure made under Regulation 30 of SEBI LODR Regulations
Reliable Data Services Limited has been issued formal warning letters by both the NSE and BSE for a significant breach of SEBI Listing Regulations. The company failed to disclose the resignation of Independent Director Mr. Ashwini Jha, which occurred on July 02, 2022, until September 23, 2025, representing a delay of over three years. The exchanges highlighted violations of Regulation 4 and 30 of SEBI LODR, which mandate disclosures within 24 hours. The company has acknowledged the lapse, citing a misinterpretation of facts, and has committed to corrective measures to ensure future compliance.
- NSE and BSE issued warning letters dated April 29, 2026, and April 27, 2026, respectively.
- The company delayed reporting an Independent Director's resignation by approximately 38 months.
- Resignation of Mr. Ashwini Jha took place on July 02, 2022, but was only disclosed on September 23, 2025.
- The delay violated SEBI LODR Regulation 30, which requires disclosure of board changes within 24 hours.
- Exchanges warned that any future aberrations would lead to serious appropriate action.
Financial Performance
Revenue Growth by Segment
Revenue from operations, primarily back-office services, grew by 52.75% YoY, increasing from INR 5,226.09 Lakhs in FY24 to INR 7,982.95 Lakhs in FY25.
Geographic Revenue Split
Not specifically disclosed, though the company is headquartered in New Delhi and operates within the Indian regulatory framework.
Profitability Margins
Net Profit Margin improved from 6.26% in FY24 to 9.12% in FY25. Profit After Tax (PAT) surged by 122.5% YoY to INR 728.13 Lakhs from INR 327.28 Lakhs.
EBITDA Margin
EBITDA margin is approximately 18.77% in FY25 (calculated from PBT of INR 905.31 Lakhs, Finance Costs of INR 313.85 Lakhs, and Depreciation of INR 279.45 Lakhs), compared to 15.58% in FY24.
Capital Expenditure
Historical depreciation and amortization increased by 22.0% to INR 279.45 Lakhs in FY25, indicating continued investment in service infrastructure; specific planned CAPEX is not disclosed.
Credit Rating & Borrowing
The company has sanctioned working capital limits exceeding INR 5 Crores from banks secured against current assets. Long-term borrowings increased by 39.2% YoY to INR 1,188.85 Lakhs.
Operational Drivers
Raw Materials
As a service-based company, the primary operational inputs are Employee Benefits (11.6% of revenue) and Other Expenses (75.2% of revenue).
Import Sources
Not applicable as the company is a service provider rendering back-office services.
Capacity Expansion
Not disclosed in terms of physical units; however, the 52.75% revenue growth suggests a significant expansion in service delivery capacity.
Raw Material Costs
Employee benefit expenses decreased by 23.4% YoY to INR 928.64 Lakhs, while Other Expenses increased by 87.8% YoY to INR 6,007.47 Lakhs, reflecting a shift in operational cost structure.
Manufacturing Efficiency
Not applicable; the company does not hold physical inventories and operates as a service entity.
Logistics & Distribution
Not disclosed; distribution is likely digital or service-based rather than physical logistics.
Strategic Growth
Expected Growth Rate
52.75%
Growth Strategy
Growth is driven by scaling back-office service operations and leveraging a 52.75% increase in operational revenue. The strategy involves managing a shift from direct employee costs (down 23.4%) to broader operational expenses (up 87.8%) and utilizing capital gains (INR 450.34 Lakhs) to strengthen the balance sheet.
Products & Services
Back-office services, data management, and financial reporting support services.
Brand Portfolio
Reliable Data Services Limited.
New Products/Services
Not specifically disclosed, though the company is maintaining its core focus on back-office service rendering.
Market Expansion
The company is expanding its service footprint as evidenced by the 52.75% revenue jump, though specific target regions are not listed.
External Factors
Industry Trends
The industry is shifting toward mandatory audit trails and enhanced internal financial controls, which the company has adopted for the financial year ended March 31, 2025.
Competitive Landscape
The company operates in the competitive back-office and data services sector, focusing on compliance and reliable financial reporting.
Competitive Moat
The moat is based on robust internal financial controls and an unmodified audit opinion, which are critical for maintaining trust in back-office financial data services.
Macro Economic Sensitivity
Sensitive to the general outsourcing environment and corporate demand for back-office efficiency in India.
Consumer Behavior
Increased corporate reliance on outsourced back-office functions to reduce internal overhead and improve data accuracy.
Geopolitical Risks
Not disclosed as a material factor in the current standalone reporting.
Regulatory & Governance
Industry Regulations
Compliance with Section 133 and 134(5) of the Companies Act, 2013, and Rule 3(1) regarding audit trail maintenance in accounting software.
Environmental Compliance
Not disclosed; service-based operations have low environmental impact compared to manufacturing.
Taxation Policy Impact
The company provided INR 131.82 Lakhs for current tax in FY25, representing an effective tax rate of approximately 14.5% on PBT.
Legal Contingencies
The company has no pending litigations as per Note 28, resulting in a contingent liability value of INR 0.
Risk Analysis
Key Uncertainties
Potential for material misstatements due to error or fraud if internal controls are overridden, and risks associated with the 57.8% increase in finance costs.
Geographic Concentration Risk
Operations are concentrated in India, specifically New Delhi, making it sensitive to local regulatory changes.
Third Party Dependencies
High dependency on 'Other Expenses' (INR 6,007.47 Lakhs), which may include third-party service providers or vendors.
Technology Obsolescence Risk
The company mitigates technology risk by using accounting software with mandatory audit trail features and edit logs.
Credit & Counterparty Risk
Credit risk is managed through bank-sanctioned limits and regular filing of quarterly returns based on current asset security.
