Khandwala Securities

₹28.3 -0.1 | 0.2%

WEBSITE BSE:531892 NSE : KHANDWALA SE 18 May, 12:32

Market Cap ₹43 Cr.

Stock P/E 249.1

P/B 1.5

Current Price ₹28.3

Book Value ₹ 19.5

Face Value 10

52W High ₹41

Dividend Yield 0%

52W Low ₹ 22.3

Edit Ratio

Khandwala Securities Research see more...

Overview Inc. Year: 1993Industry: Finance - Stock Broking

Khandwala Securities Ltd is engaged within the commercial enterprise of monetary offerings. The Company is engaged in stock broker, supplying financial services and solutions, such as funding and institutional equities. It operates through two segments: Fee based and Investment/Trading In Stock. The Fee based division provides monetary advisory services regarding mergers and acquisitions, equity and debt issue control, portfolio management and broker. The Investment and Stock division incorporates buying and selling, making an investment and speculation activities in capital markets for the Company. It is a service provider banker, imparting a number of services and products, along with broking and distribution, institutional equities, wealth control and investment banking. It offers equity (cash and derivatives) broking, commodity broking and forex, distribution of financial merchandise and depository services. It gives portfolio control offerings, trade assets and ancillary advisory offerings.

Khandwala Securities Share Price

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Peer Comparison

Khandwala Securities Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1	2	1	1	3	1	2	2	2	3
Other Income	0	-0	0	1	0	-1	0	0	0	0
Total Income	1	2	1	2	3	0	2	2	2	3
Total Expenditure	1	2	1	1	1	2	2	1	2	3
Operating Profit	-0	1	-0	1	2	-2	0	0	0	-0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	0	-0	0	2	-2	0	0	0	-0
Provision for Tax	-0	-0	-0	-0	-0	0	0	0	-0	-0
Profit After Tax	-0	0	-0	0	2	-2	0	0	0	-0
Adjustments	0	0	-0	-0	0	0	0	0	0	0
Profit After Adjustments	-0	0	-0	0	2	-2	0	0	0	-0
Adjusted Earnings Per Share	-0.4	0.3	-0.2	0.3	1.3	-1.1	0.1	0.1	0.2	-0.2

Khandwala Securities Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3	4	4	3	3	4	6	6	9
Other Income	0	1	0	3	1	0	0	0	0
Total Income	3	5	4	6	4	4	6	6	9
Total Expenditure	4	5	4	5	6	4	5	5	8
Operating Profit	-0	0	-0	1	-3	-1	1	1	0
Interest	0	0	0	0	1	1	1	0	0
Depreciation	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-1	-1	0	-4	-2	0	0	0
Provision for Tax	-0	0	-0	-0	-0	-0	-0	0	0
Profit After Tax	-1	-1	-1	0	-4	-2	0	0	0
Adjustments	0	0	0	-0	-0	0	0	0	0
Profit After Adjustments	-1	-1	-1	0	-4	-2	0	0	0
Adjusted Earnings Per Share	-0.6	-0.5	-0.6	0.1	-3	-1.4	0.1	0.3	0.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	26%	8%	0%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-29%	26%	15%	9%
ROE Average	2%	-2%	-4%	-4%
ROCE Average	3%	1%	-1%	-1%

Khandwala Securities Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	28	28	27	27	23	20	20	29
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	3	3	3	5	6	7	6	3
Other Non-Current Liabilities	1	1	0	0	0	0	-0	-0
Total Current Liabilities	7	7	10	15	10	14	20	11
Total Liabilities	40	39	40	47	40	41	47	43
Fixed Assets	10	10	9	8	8	8	8	8
Other Non-Current Assets	14	14	14	17	14	19	20	14
Total Current Assets	16	15	17	21	18	14	19	21
Total Assets	40	39	40	47	40	41	47	43

Khandwala Securities Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	6	4	4	11	8	6	9
Cash Flow from Operating Activities	4	-1	0	4	-4	-0	3	-7
Cash Flow from Investing Activities	-0	0	0	2	-0	0	1	-0
Cash Flow from Financing Activities	0	-0	-0	1	1	-2	-1	5
Net Cash Inflow / Outflow	4	-2	0	7	-3	-2	3	-3
Closing Cash & Cash Equivalent	6	4	4	11	8	6	9	6

Khandwala Securities Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-0.59	-0.51	-0.64	0.1	-3.01	-1.38	0.13	0.3
CEPS(Rs)	-0.35	-0.26	-0.4	0.39	-2.77	-1.15	0.34	0.48
DPS(Rs)	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	22.17	21.66	21.03	21.12	18.11	16.71	16.84	19.33
Core EBITDA Margin(%)	-19.36	-32.7	-14.81	-61.82	-127.14	-24.68	13.15	14.47
EBIT Margin(%)	-13.14	-6.9	-14.06	11.5	-102.69	-26.64	12.67	13.31
Pre Tax Margin(%)	-23.8	-16.22	-21.89	4.59	-132.57	-47.22	1.02	7.93
PAT Margin (%)	-23.33	-16.5	-21.52	5.65	-131.17	-45.92	1.95	7.08
Cash Profit Margin (%)	-13.7	-8.49	-13.33	13.92	-120.94	-38.2	6.63	11.78
ROA(%)	-1.76	-1.56	-1.94	0.44	-8.3	-4.08	0.27	0.98
ROE(%)	-2.65	-2.34	-2.99	0.75	-15.32	-7.94	0.59	1.79
ROCE(%)	-1.26	-0.82	-1.64	1.26	-9.21	-3.41	2.89	2.84
Receivable days	1186.8	965.43	977.51	981.46	1221.73	823.9	345.51	365.44
Inventory Days	3.25	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0
PER(x)	0	0	0	169.03	0	0	159.29	77.93
Price/Book(x)	0.77	0.78	0.83	0.79	0.67	0.89	1.2	1.19
Dividend Yield(%)	0	0	0	0	0	0	0	0
EV/Net Sales(x)	6.55	5.67	5.99	4.46	5.25	5.07	3.53	5.05
EV/Core EBITDA(x)	-186.17	513.44	-102.24	22.55	-5.68	-26.79	20.34	28.05
Net Sales Growth(%)	0	23.08	-4.51	-5.14	-18.55	31.47	69.57	2.72
EBIT Growth(%)	0	35.41	-94.58	177.64	-827.04	65.89	180.67	7.83
PAT Growth(%)	0	12.96	-24.59	124.91	-1990.28	53.98	107.2	272.57
EPS Growth(%)	0	12.95	-24.58	115.48	-3146.86	54.09	109.15	133.52
Debt/Equity(x)	0.11	0.1	0.1	0.18	0.27	0.35	0.32	0.09
Current Ratio(x)	2.17	2.29	1.67	1.38	1.72	0.97	0.94	1.87
Quick Ratio(x)	2.17	2.29	1.67	1.38	1.72	0.97	0.94	1.87
Interest Cover(x)	-1.23	-0.74	-1.79	1.66	-3.44	-1.3	1.09	2.48
Total Debt/Mcap(x)	0.15	0.14	0.14	0.25	0.43	0.39	0.27	0.08

Khandwala Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	60.88	60.9	60.9	47.67	47.67	47.67	47.69	47.75	47.76	47.76
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	39.12	39.1	39.1	52.33	52.33	52.33	52.31	52.25	52.24	52.24
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73	0.73
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.47	0.47	0.47	0.8	0.8	0.8	0.8	0.8	0.8	0.8
Others	0	0	0	0	0	0	0	0	0	0
Total	1.19	1.19	1.19	1.53	1.53	1.53	1.53	1.53	1.53	1.53

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 47.76%.
Company has a low return on equity of -2% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.