---
title: "Reliable Data Services Ltd (RELIABLE) — Share Price, Financials & Analysis"
symbol: "RELIABLE"
company: "Reliable Data Services Ltd"
canonical: "https://tapetide.com/stocks/RELIABLE"
isin: "INE375Y01018"
nse_symbol: "RELIABLE"
bse_code: "544207"
sector: "Financial Services"
industry: "Other Financial Services"
market_cap_cr: 141.25
generated_at: "2026-09-13T18:44:46.137Z"
---

# Reliable Data Services Ltd (RELIABLE)

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

## Company

- **NSE Symbol:** RELIABLE
- **BSE Code:** 544207
- **ISIN:** INE375Y01018
- **Sector:** Financial Services
- **Industry:** Other Financial Services
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-07-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rdspl.com

## About

Incorporated in 2011, Reliable Data Services 
Ltd is in the business of providing Transaction Processing Support, Field Collection, and Other Back End Activities.[1]

## Latest Price

- **Price:** ₹137.04
- **Change:** +1.09 (+0.8%)
- **Open:** ₹138.9
- **Day High:** ₹138.9
- **Day Low:** ₹134.81
- **Previous Close:** ₹135.95
- **Volume:** 2873
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:50.777346Z.

- **Market Cap:** ₹141.25 Cr
- **Classification:** Microcap
- **P/E (reported):** 15.5
- **P/E (TTM):** 15.61
- **EPS (TTM):** ₹8.78
- **Book Value:** ₹61.02
- **Price to Book:** 2.23
- **Dividend Yield:** 0.04%
- **ROE:** 14.6%
- **ROCE:** 19.21%
- **Debt to Equity:** 0.35
- **Revenue (yearly):** ₹185.08 Cr
- **Net Income:** ₹7.28 Cr
- **EBITDA:** ₹17.38 Cr
- **52-Week High:** ₹175
- **52-Week Low:** ₹104.74
- **RSI (14):** 44.07

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 30.76 | 9% |
| growth | 66.79 | 9% |
| momentum | 69.32 | 12% |
| ownership | 40.38 | 24% |
| quality | 87.97 | 22% |
| valuation | 53.51 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 32.7% CAGR over last 5 years
- Company's median sales growth is 23.2% of last 10 years

### Weaknesses

- Company has a low return on equity of 12.9% over last 3 years.
- Company has high debtors of 185 days.
- Promoter holding has decreased over last 3 years: -3.98%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -80.25% | -720.94% |
| ebitda margin growth | 50% | -41.51% | -43.69% | -35.02% |
| net income growth | 84.62% | -30% | 20% | 33% |
| revenue growth | 3.97% | 36.79% | 36% | 33% |
| roce | 54.55% | 51.26% | 45.09% | 13.39% |
| roe | 86.72% | 64.23% | 10.77% | 225.89% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 18.06 | 20.53 | 27.82 | 20.46 | 23.71 | 33.41 | 53.01 | 39.45 | 69.13 | 23.46 | 55.03 | 57.57 |
| Expenses | 15.47 | 17.82 | 23.09 | 16.78 | 20.73 | 26.48 | 49.62 | 35.18 | 63.4 | 17.58 | 52.3 | 53.01 |
| Operating Profit | 2.59 | 2.71 | 4.73 | 3.68 | 2.98 | 6.93 | 3.39 | 4.27 | 5.73 | 5.88 | 2.73 | 4.56 |
| OPM % | 14.34 | 13.2 | 17 | 17.99 | 12.57 | 20.74 | 6.4 | 10.82 | 8.29 | 25.06 | 4.96 | 7.92 |
| Other Income | 0.01 | 0 | 0.05 | 0 | 0 | 0.89 | 3.8 | 0 | 0 | 0 | 0.25 | -0.07 |
| Interest | 0.61 | 0.75 | 0.95 | 0.96 | 1.1 | 0.95 | 1.02 | 1.01 | 0.99 | 0.87 | 0.89 | 0.68 |
| Depreciation | 0.21 | 0.47 | 1.82 | 0.85 | 0.14 | 1.44 | 1.4 | 0.99 | 1.71 | 0.76 | 0.45 | 0.58 |
| Profit before tax | 1.78 | 1.49 | 2.01 | 1.87 | 1.74 | 5.43 | 4.77 | 2.27 | 3.03 | 4.25 | 1.64 | 3.23 |
| Tax % | 25.84 | 28.86 | 13.43 | 22.46 | 21.84 | 24.31 | 18.66 | 25.99 | 26.07 | 26.12 | 21.95 | 26.01 |
| Net Profit | 1.33 | 1.06 | 1.73 | 1.45 | 1.37 | 4.12 | 3.87 | 1.68 | 2.24 | 3.15 | 1.28 | 2.39 |
| EPS in Rs | 1.2 | 0.71 | 1.52 | 1.24 | 1.24 | 3.99 | 3.75 | 1.63 | 2.17 | 3.05 | 1.24 | 2.32 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 43 | 47 | 46 | 44 | 53 | 73 | 79 | 131 | 185 | 205 |
| Expenses | 35 | 38 | 39 | 40 | 46 | 64 | 66 | 114 | 168 | 186 |
| Operating Profit | 9 | 9 | 7 | 4 | 8 | 9 | 13 | 17 | 17 | 19 |
| OPM % | 20 | 19 | 16 | 9 | 14 | 13 | 16 | 13 | 9 | 9 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 5 | 0 | 0 |
| Interest | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 4 | 3 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 2 | 3 | 4 | 4 | 4 |
| Profit before tax | 7 | 7 | 6 | 2 | 5 | 6 | 7 | 14 | 10 | 12 |
| Tax % | 29 | 29 | 33 | 30 | 29 | 21 | 23 | 24 | 32 | — |
| Net Profit | 5 | 5 | 4 | 2 | 4 | 5 | 5 | 10 | 7 | 9 |
| EPS in Rs | 4.17 | 4.12 | 3.2 | 1.61 | 3.37 | 3.85 | 4.87 | 8.74 | 6.67 | 8.78 |
| Dividend Payout % | 10 | 2 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 9 | 21 | 24 | 25 | 24 | 27 | 34 | 39 | 47 | 61 |
| Borrowings | 9 | 7 | 8 | 8 | 12 | 14 | 29 | 38 | 47 | 25 |
| Other Liabilities | 8 | 17 | 19 | 25 | 29 | 24 | 41 | 36 | 48 | 87 |
| Total Liabilities | 27 | 54 | 59 | 68 | 76 | 76 | 115 | 123 | 152 | 183 |
| Fixed Assets | 9 | 10 | 9 | 8 | 8 | 10 | 19 | 17 | 23 | 20 |
| CWIP | 0 | 0 | 0 | 0 | 18 | 23 | 24 | 24 | 21 | 19 |
| Investments | 0 | 12 | 9 | 8 | 5 | 4 | 4 | 8 | 8 | 10 |
| Other Assets | 18 | 32 | 42 | 52 | 46 | 39 | 68 | 74 | 101 | 133 |
| Total Assets | 27 | 54 | 59 | 68 | 76 | 76 | 115 | 123 | 152 | 183 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -6 | 2 | -6 | -3 | 6 | -15 | 0 | -28 | 27 |
| Cash from Investing Activity | -2 | -13 | 0 | 6 | 1 | -7 | -5 | -5 | 1 | -2 |
| Cash from Financing Activity | 0 | 20 | -1 | -1 | 2 | 0 | 21 | 6 | 25 | -20 |
| Net Cash Flow | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | -2 | 5 |
| Free Cash Flow | -1 | -8 | 3 | -5 | -4 | -1 | -19 | -2 | -31 | 27 |
| CFO/OP | 48 | -46 | 44 | -50 | -63 | 111 | -84 | 17 | -149 | 169 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103 | 131 | 106 | 104 | 216 | 177 | 172 | 239 | 205 | 185 |
| Cash Conversion Cycle | 103 | 131 | 106 | 104 | 216 | 177 | 172 | 239 | 205 | 185 |
| Working Capital Days | 34 | 69 | 137 | 196 | 123 | 91 | 64 | 92 | 92 | 94 |
| ROCE % | 20 | 27 | 21 | 15 | 8 | 14 | 12 | 11 | 17 | 12 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.77% | 71.77% | 71.77% | 71.77% | 71.77% | 71.77% | 71.77% | 71.77% | 71.77% | 67.79% | 67.79% | 67.79% |
| FIIs | 0% | 0% | 0% | 0% | 0.08% | 0.08% | 0.05% | 0.05% | 0% | 0.32% | 0.45% | 0.33% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 12.81% | 11.95% | 11.92% | 12.15% | 13.8% | 13.86% | 14.96% | 15.77% | 19.56% | 26.69% | 26.56% | 24.46% |
| Others | 15.43% | 16.29% | 16.31% | 16.08% | 14.36% | 14.3% | 13.22% | 12.41% | 8.67% | 5.2% | 5.2% | 7.42% |
| No. of Shareholders | 70 | 230 | 217 | 240 | 2316 | 3310 | 4493 | 5014 | 5828 | 5627 | 5398 | 5009 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 138.24 | Sell |
| EMA (10) | 138.18 | Sell |
| SMA (20) | 138.98 | Sell |
| EMA (20) | 139.24 | Sell |
| SMA (50) | 142.04 | Sell |
| EMA (50) | 140.76 | Sell |
| SMA (100) | 140.69 | Sell |
| EMA (100) | 140.2 | Sell |
| SMA (200) | 141.41 | Sell |
| EMA (200) | 134.09 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.5 | Neutral |
| MACD (12,26,9) | -1.35 | Sell |
| Stochastic (14,3,3) | 63.89 | Neutral |
| ADX (14) | 42.74 | Buy |
| Williams %R (14) | -32.38 | Neutral |
| ATR (14) | 6.85 | High Volatility |
| ROC (12) | -2.43 | Sell |
| Stoch RSI (14) | 44.36 | Neutral |
| UO (7,14,28) | 61.09 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no physical shares received for dematerialization. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no physical shares received for dematerialization.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acb7e8b5-edc6-4545-9fd6-59698cb371db.pdf) |
| 29 Apr - Reliable Data Services adds government supply business, signing Bihar white goods supply agreement on April 29, 2026. | [Announcement 29 Apr - Reliable Data Services adds government supply business, signing Bihar white goods supply agreement on April 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db2f378c-51f9-46dd-b7a3-831ea2b4decd.pdf) |
| 29 Apr - Reliable Data Services adds government supply business, signing Bihar white goods supply agreement on April 29, 2026. | [Announcement 29 Apr - Reliable Data Services adds government supply business, signing Bihar white goods supply agreement on April 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/db2f378c-51f9-46dd-b7a3-831ea2b4decd.pdf) |
| 24 Feb - Copy of newspaper publication of notice of Postal ballot. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Feb - Copy of newspaper publication of notice of Postal ballot.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/efd8e020-1359-4ad6-80c1-7bf4c7491072.pdf) |
| 16 Feb - Copy of Newspaper published on 15/02/2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Copy of Newspaper published on 15/02/2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ddf2d4df-aa34-460a-86a1-fcc1af5484eb.pdf) |
| 14 Feb - Approved unaudited standalone/consolidated results for quarter ended 31-Dec-2025 (net profit Rs314.54 lakh); appointed Mrs. Bhoomika Aditya Gupta. | [Results For Financial Results For The Quarter Ended 31-12-2025 14 Feb - Approved unaudited standalone/consolidated results for quarter ended 31-Dec-2025 (net profit Rs314.54 lakh); appointed Mrs. Bhoomika Aditya Gupta.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63edcb29-5781-4a3e-b5ca-88aed260d03f.pdf) |
| 14 Feb - Approved unaudited standalone/consolidated Q3 results (31 Dec 2025); appointed Mrs. Bhoomika A. Gupta; postal ballot. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Approved unaudited standalone/consolidated Q3 results (31 Dec 2025); appointed Mrs. Bhoomika A. Gupta; postal ballot.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6126a96-c625-4443-b11a-74559f022c0c.pdf) |
| 11 Sep - Board meets 21 Sep 2026 to consider ₹200 crore fundraising via QIP, rights issue or preferential allotment. | [Board Meeting Intimation for Proposal For Fund Raising. 11 Sep - Board meets 21 Sep 2026 to consider ₹200 crore fundraising via QIP, rights issue or preferential allotment.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=099d267f-a90b-4394-aa36-b74ed18d86bd.pdf) |
| — | [Minutes Of Postal Ballot 31 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d70e6fb3-7d05-4f1f-8bed-ebca0b7c208e.pdf) |
| — | [Closure of Trading Window 27 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e5713e7-d66a-42fd-9ab3-09e92bde3b73.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9774817-c467-4c19-841c-b4f5f0007ef0.pdf) |
| 2026-09-05 | [Shareholding Meeting Held On 29/09/2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4984694-e16d-466b-8e31-62dc743f6661.pdf) |
| 2026-09-05 | [Record Date Fixed For Dividend Is 18/09/2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ca33850-6555-42cb-8778-ef28ab6542db.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a42f890d-4fbd-43c2-ad48-c0d4e48fc87a.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3617e1d8-60ad-46f4-9cce-9b21838c74b8.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Approved Financial Results For The Quarter Ended 30.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3526ecae-7cbc-4c02-8ccc-a24f069b5799.pdf) |
| 2026-08-07 | [Board Meeting Intimation for UNAUDITED FINANCIAL RESULTS.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffa1038d-d679-4476-af3c-94edc6003ef7.pdf) |
| 2026-07-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48df4ed2-f421-4c3e-a5d5-b0b534c7130b.pdf) |
| 2026-06-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de81fc88-d81b-43e0-8c5f-cf455f4133cb.pdf) |
| 2026-06-03 | [Board Comments On Fine Levied By Exchange](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e2822b8-0205-4f1b-b762-12391c08d989.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Approved Financial Results For The Quarter Ended On 30/05/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b2c570a-bb5c-48b6-bcc0-954d41191c64.pdf) |
| 2026-02-14 | [Results For Financial Results For The Quarter Ended 31-12-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63edcb29-5781-4a3e-b5ca-88aed260d03f.pdf) |
| 2025-11-14 | [FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f108d7e-653a-4846-ab0a-924b2638b6d8.pdf) |
| 2025-08-14 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b8040f0-2bcf-448c-a3c2-d77d28d8c03c.pdf) |
| 2025-02-14 | [Outcome Of Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76068bc4-aa46-4a60-a9f6-b4b646d797bf.pdf) |
| 2024-08-12 | [Board Meeting Outcome for Outcome Of The 02Nd Board Meeting Of Company Held On 12.08.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3459edd4-915f-45f9-8c5d-85f407da76e7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23536_RELIABLE_2022_2023_05092023181346_09052023190026.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21195_RELIABLE_2021_2022_03092022131630_09032022140001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19501_RELIABLE_2020_2021_06092021175642_09062021180018.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17523_RELIABLE_2019_2020_07092020171225_07092020180008.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16094_RELIABLE_2018_2019_27092019181637_27092019190008.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_12397_RELIABLE_2017_2018_17062018191424.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/deb5e1fb-cf36-480e-aaeb-95f4de63030c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/421b804c-546e-4225-b311-c7002a07f396.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 2026-09-13T18:44:46.137Z.