RK Swamy is an Indian marketing services provider, offering several services such as marketing communications, customer data analytics and market research.
Diversified client base: It catered to around 380 clients in the six months ending September 30, 2023.
Long-standing relationships: Its top 10 clients have been associated with the company for at least 13 years.
The marketing services industry is highly fragmented with several small players. Consequently, it is a highly competitive industry.
It has struggled to collect cash from customers historically, resulting in high receivable days (102 days as of FY23).
Is the company's net debt-to-equity ratio less than one? No. Its net debt-to-equity ratio stood at 1.2 times as of September 2023.