LKP Securities

₹24.9 1.2 | 5%

WEBSITE BSE:540192 NSE : LKPSEC 18 May, 12:50

Market Cap ₹204 Cr.

Stock P/E 21.3

P/B 2.6

Current Price ₹24.9

Book Value ₹ 9.8

Face Value 2

52W High ₹28.5

Dividend Yield 0.6%

52W Low ₹ 10

Edit Ratio

LKP Securities Research see more...

Overview Inc. Year: 1994Industry: Finance - Stock Broking

LKP Securities Limited is an Indian company that operates as a brokerage firm. The company provides equity broking, internet based trading, demat, research, merchant banking, merger and acquisition, commodity trading, and other investment services to individuals, corporates and retail clients. The company also offers mutual funds, ETFs, research, market intelligence, SPIP and other products and services. The company was incorporated in 1994 and is headquartered in Mumbai, India. The company’s shares are listed on BSE and NSE since 1995. Company has a market capitalization of Rs 159 crores and has a network of over 150 branches across India.

LKP Securities Share Price

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Peer Comparison

LKP 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
Operating Revenue	23	24	18	22	20	17	18	22	24	33
Other Income	0	0	0	0	0	1	1	0	0	0
Total Income	23	24	18	22	21	18	19	22	25	33
Total Expenditure	18	19	16	18	18	17	16	19	19	22
Operating Profit	5	5	3	4	3	1	3	3	5	11
Interest Expense	1	1	1	1	1	1	1	1	2	2
Depreciation	1	1	1	1	1	1	1	1	1	1
Profit Before Tax	4	4	1	3	1	-0	1	1	2	9
Provision for Tax	1	1	0	1	0	-0	-0	0	1	3
Profit After Tax	3	3	1	2	1	-0	2	1	2	6
Adjustments	0	0	0	0	0	-0	0	-0	-0	0
Profit After Adjustments	3	3	1	2	1	-0	2	1	2	6
Adjusted Earnings Per Share	0.4	0.4	0.1	0.2	0.1	-0	0.2	0.1	0.2	0.7

LKP Securities Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	39	58	56	64	88	96	74	85	94	78	97	97
Other Income	1	2	2	2	1	0	1	2	2	1	1	1
Total Income	40	59	58	66	89	96	74	86	95	79	98	99
Total Expenditure	42	54	55	61	68	86	66	78	72	68	76	76
Operating Profit	-2	5	4	5	21	10	8	8	23	11	23	22
Interest Expense	2	2	3	4	7	8	5	1	2	3	5	6
Depreciation	2	3	1	1	1	1	1	2	2	3	4	4
Profit Before Tax	-6	-1	-1	0	14	1	2	6	18	5	13	13
Provision for Tax	-1	-1	0	-1	5	-1	1	2	5	2	4	4
Profit After Tax	-5	0	-1	1	8	2	2	4	13	4	10	11
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-5	0	-1	1	8	2	2	4	13	4	10	11
Adjusted Earnings Per Share	0	0	0	0.1	1.1	0.3	0.2	0.5	1.8	0.5	1.2	1.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	5%	0%	10%
Operating Profit CAGR	109%	42%	18%	0%
PAT CAGR	150%	36%	38%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	106%	49%	23%	NA%
ROE Average	13%	15%	12%	-28%
ROCE Average	23%	23%	18%	12%

LKP Securities Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	31	31	29	28	37	39	40	44	58	67	80
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	8
Current Liability	86	101	125	139	122	101	100	142	150	87	154
Other Liabilities & Provisions	-0	-1	-1	-2	3	-0	1	6	2	12	10
Total Liabilities	117	131	154	165	162	139	140	192	210	166	253
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	2	2	2	1	0	0	0	0	0	0	0
Fixed Assets	8	6	5	5	5	6	6	15	15	24	22
Other Loans	7	7	9	25	30	3	3	2	2	1	0
Other Non Current Assets	2	2	0	1	1	0	0	0	0	0	0
Current Assets	98	114	138	134	126	130	131	171	186	134	223
Total Assets	117	131	154	165	162	139	140	192	210	166	253

LKP Securities Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	18	16	22	5	10	15	18	30	61	84	23
Cash Flow from Operating Activities	1	-16	-20	31	8	45	2	47	28	-72	40
Cash Flow from Investing Activities	-2	0	2	-13	5	4	24	-10	-0	12	-50
Cash Flow from Financing Activities	-2	22	17	-13	-9	-45	-14	-7	-5	-1	-3
Net Cash Inflow / Outflow	-2	5	-1	5	5	3	12	31	23	-61	-12
Closing Cash & Cash Equivalent	16	22	20	10	15	18	49	97	125	57	110

LKP Securities Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0	0	0	0.08	1.12	0.29	0.22	0.54	1.8	0.48	1.16
CEPS(Rs)	-1.25	1.38	-0.03	0.23	1.25	0.41	0.38	0.76	2.08	0.84	1.66
DPS(Rs)	0	0	0	0	0.1	0	0	0.2	0.3	0.1	0.15
Book NAV/Share(Rs)	0	0	0	3.77	4.86	5.01	5.22	5.89	7.66	8.27	9.78
Net Profit Margin	-12.65	0.27	-2.54	0.94	9.36	2.21	2.2	4.7	14.39	4.81	9.76
Operating Margin	-10.04	2.66	4.08	6.7	23.09	9.06	9.32	8.05	22.07	10.14	19.34
PBT Margin	-16.44	-1.63	-2.05	0.08	15.45	1.13	3.01	6.64	19.5	6.74	13.76
ROA(%)	-4.19	0.13	-1.01	0.37	5.03	1.41	1.16	2.39	6.7	1.99	4.54
ROE(%)	-284.58	8.75	-124.16	4.26	26.01	5.83	4.3	9.68	26.7	6.11	13.13
ROCE(%)	-5.78	1.97	2.39	4.32	21	10.58	11.54	12.39	34.03	11.2	23.25
Price/Earnings(x)	0	0	0	97.79	16.66	31.61	16.45	12.57	7.68	23.75	15.45
Price/Book(x)	0	0	0	2.12	3.85	1.81	0.69	1.15	1.8	1.37	1.84
Dividend Yield(%)	0	0	0	0	0.53	0	0	2.96	2.17	0.88	0.83
EV/Net Sales(x)	1.41	1.22	1.57	1.45	1.72	0.41	-0.09	-0.44	-0.14	0.5	0.46
EV/Core EBITDA(x)	-23.94	14.07	24.23	17.27	7.12	4.15	-0.86	-4.42	-0.56	3.63	1.94
Interest Earned Growth(%)	0	50.26	-2.63	12.92	37.94	8.81	-22.73	14.46	10.71	-16.98	25.3
Net Profit Growth	0	103.22	-1013.59	141.7	1275.13	-74.24	-23.14	144.1	239.12	-72.28	154.49
EPS Growth(%)	0	0	0	114.94	1275.37	-74.49	-23.16	144.14	235.02	-73.53	144.26
Interest Coverage(x) %	-1.57	0.62	0.67	1.01	3.02	1.14	1.48	5.73	8.59	2.99	3.47

LKP Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.24	70.04	70.04	70.04	69.7	70.7	70.7	70.99	71.86	71.6
FII	4.3	4.29	4.29	4.29	4.27	4.09	4.09	4.05	3.94	3.93
DII	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02
Public	25.44	25.64	25.64	25.64	26.01	25.18	25.18	24.93	24.17	24.45
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	5.24	5.24	5.24	5.24	5.24	5.54	5.54	5.62	5.85	5.85
FII	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32
DII	0	0	0	0	0	0	0	0	0	0
Public	1.9	1.92	1.92	1.92	1.96	1.97	1.97	1.97	1.97	2
Others	0	0	0	0	0	0	0	0	0	0
Total	7.46	7.48	7.48	7.48	7.52	7.84	7.84	7.92	8.14	8.17

Pros

Company has delivered good profit growth of 37% CAGR over last 5 years
Company is almost debt free.

Cons

* 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.