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Khandwala Securities Overview

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 sp...Read More

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Khandwala Securities Key Financials

Market Cap ₹27 Cr.

Stock P/E -33.3

P/B 1

Current Price ₹17.5

Book Value ₹ 18.4

Face Value 10

52W High ₹29.9

Dividend Yield 0%

52W Low ₹ 12.8

Khandwala Securities Share Price

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Volume
Price

Khandwala Securities Quarterly Price

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Khandwala Securities Peer Comparison

Khandwala Securities Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2 2 3 3 3 3 1 1 3 1
Other Income 0 0 0 0 5 0 0 0 0 1
Total Income 2 2 3 3 8 3 2 1 4 2
Total Expenditure 1 2 3 2 8 2 2 2 3 2
Operating Profit 0 0 -0 1 0 1 -1 -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 0 1 -1 -1 0 -0
Provision for Tax 0 -0 -0 -0 -0 -0 1 -0 0 -0
Profit After Tax 0 0 -0 0 0 1 -2 -1 0 -0
Adjustments 0 0 0 -0 -0 0 0 0 0 -0
Profit After Adjustments 0 0 -0 0 0 1 -2 -1 0 -0
Adjusted Earnings Per Share 0.1 0.2 -0.2 0.3 0.2 0.4 -1.3 -0.4 0.2 -0.3

Khandwala Securities Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3 4 4 3 3 4 6 6 9 10 6
Other Income 0 1 0 3 1 0 0 0 0 6 1
Total Income 3 5 4 6 4 4 6 6 9 15 9
Total Expenditure 4 5 4 5 6 4 5 5 8 14 9
Operating Profit -0 0 -0 1 -3 -1 1 1 1 1 -1
Interest 0 0 0 0 1 1 1 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -1 -1 0 -4 -2 0 0 0 0 -2
Provision for Tax -0 0 -0 -0 -0 -0 -0 0 -0 1 1
Profit After Tax -1 -1 -1 0 -4 -2 0 0 0 -1 -3
Adjustments 0 0 0 -0 -0 0 0 0 -0 0 0
Profit After Adjustments -1 -1 -1 0 -4 -2 0 0 0 -1 -3
Adjusted Earnings Per Share -0.6 -0.5 -0.6 0.1 -3 -1.4 0.1 0.3 0.1 -0.5 -1.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 19% 27% 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 -26% -16% 3% -1%
ROE Average -3% -0% -2% -3%
ROCE Average 1% 2% 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 Mar 2024 Mar 2025
Shareholder's Funds 28 28 27 27 23 20 20 29 30 29
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 3 3 3 5 6 7 6 3 1 1
Other Non-Current Liabilities 1 1 0 0 0 0 -0 -0 -0 -0
Total Current Liabilities 7 7 10 15 10 14 20 11 16 13
Total Liabilities 40 39 40 47 40 41 47 43 47 43
Fixed Assets 10 10 9 8 8 8 8 8 8 4
Other Non-Current Assets 14 14 14 17 14 19 20 14 23 20
Total Current Assets 16 15 17 21 18 14 19 21 16 19
Total Assets 40 39 40 47 40 41 47 43 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 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 6 4 4 11 8 6 3 3 -0
Cash Flow from Operating Activities 4 -1 0 4 -4 -0 3 -7 -2 4
Cash Flow from Investing Activities -0 0 0 2 -0 0 1 -2 -1 -4
Cash Flow from Financing Activities 0 -0 -0 1 1 -2 -1 8 -0 0
Net Cash Inflow / Outflow 4 -2 0 7 -3 -2 3 -0 -3 0
Closing Cash & Cash Equivalent 6 4 4 11 8 6 9 3 -0 0

Khandwala Securities Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.59 -0.51 -0.64 0.1 -3.01 -1.38 0.13 0.3 0.11 -0.52
CEPS(Rs) -0.35 -0.26 -0.4 0.39 -2.77 -1.15 0.34 0.48 0.32 -0.3
DPS(Rs) 0 0 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 19.46 18.94
Core EBITDA Margin(%) -19.36 -32.7 -14.81 -61.82 -127.14 -24.68 13.15 14.47 6.63 -51.51
EBIT Margin(%) -13.14 -6.9 -14.06 11.5 -102.69 -26.64 12.67 13.31 5.11 3.49
Pre Tax Margin(%) -23.8 -16.22 -21.89 4.59 -132.57 -47.22 1.02 7.93 1.92 2.35
PAT Margin (%) -23.33 -16.5 -21.52 5.65 -131.17 -45.92 1.95 7.08 2.04 -8.39
Cash Profit Margin (%) -13.7 -8.49 -13.33 13.92 -120.94 -38.2 6.63 11.78 5.72 -4.79
ROA(%) -1.76 -1.56 -1.94 0.44 -8.3 -4.08 0.27 0.98 0.38 -1.77
ROE(%) -2.65 -2.34 -2.99 0.75 -15.32 -7.94 0.59 1.79 0.59 -2.73
ROCE(%) -1.26 -0.82 -1.64 1.26 -9.21 -3.41 2.89 2.84 1.37 1.08
Receivable days 1186.8 965.43 977.51 981.46 1221.73 823.9 345.51 365.44 310.4 201.29
Inventory Days 3.25 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 169.03 0 0 159.29 77.93 267.73 0
Price/Book(x) 0.77 0.78 0.83 0.79 0.67 0.89 1.2 1.19 1.55 1.17
Dividend Yield(%) 0 0 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 5.23 5.51 3.64
EV/Core EBITDA(x) -186.17 513.44 -102.24 22.55 -5.68 -26.79 20.34 29.03 62.69 51.33
Net Sales Growth(%) 0 23.08 -4.51 -5.14 -18.55 31.47 69.57 2.72 35.96 12
EBIT Growth(%) 0 35.41 -94.58 177.64 -827.04 65.89 180.67 7.83 -47.77 -23.49
PAT Growth(%) 0 12.96 -24.59 124.91 -1990.28 53.98 107.2 272.57 -60.77 -560.27
EPS Growth(%) 0 12.95 -24.58 115.48 -3146.86 54.09 109.15 133.52 -61.81 -560.2
Debt/Equity(x) 0.11 0.1 0.1 0.18 0.27 0.35 0.32 0.09 0.05 0.05
Current Ratio(x) 2.17 2.29 1.67 1.38 1.72 0.97 0.94 1.87 1.01 1.48
Quick Ratio(x) 2.17 2.29 1.67 1.38 1.72 0.97 0.94 1.87 1.01 1.48
Interest Cover(x) -1.23 -0.74 -1.79 1.66 -3.44 -1.3 1.09 2.48 1.6 3.07
Total Debt/Mcap(x) 0.15 0.14 0.14 0.25 0.43 0.39 0.27 0.08 0.03 0.04

Khandwala Securities Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 47.76 47.76 47.97 47.98 48.15 48.25 48.27 48.27 48.3 48.73
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 52.24 52.24 52.03 52.02 51.85 51.75 51.73 51.73 51.7 51.27
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Khandwala Securities News

Khandwala Securities Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.73%.
  • Company has a low return on equity of -0% over the last 3 years.
  • Earnings include an other income of Rs. 6 Cr.
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