Summit Securities

₹1448.1 -1 | 0.1%

WEBSITE BSE:533306 NSE : SUMMIT SECU 10 May, 16:01

Market Cap ₹1579 Cr.

Stock P/E 23.8

P/B 0.2

Current Price ₹1448.1

Book Value ₹ 7176

Face Value 10

52W High ₹1535

Dividend Yield 0%

52W Low ₹ 610.4

Edit Ratio

Summit Securities Research see more...

Overview Inc. Year: 1997Industry: Finance - NBFC

Summit Securities Ltd is a NBFC. The Company is engaged in investments and monetary activities. The Company's essential product/carrier is investments in securities. Instant Holdings Ltd is the Company's subsidiary.

Summit Securities Share Price

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Quarterly Price

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Peer Comparison

Summit Securities Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	62	2	7	25	23	3	7	11	53	18
Other Income	1	0	0	0	0	0	0	0	0	0
Total Income	62	2	7	25	23	3	7	11	53	18
Total Expenditure	1	1	4	8	1	1	1	1	1	1
Operating Profit	61	1	4	17	22	2	6	11	52	17
Interest Expense	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	61	1	4	17	22	2	6	11	52	17
Provision for Tax	18	0	1	5	6	-2	1	2	14	2
Profit After Tax	44	1	3	12	16	4	5	8	38	15
Adjustments	-0	0	0	0	0	-0	0	0	0	-0
Profit After Adjustments	44	1	3	12	16	4	5	8	38	15
Adjusted Earnings Per Share	40.2	0.7	2.4	10.9	14.4	3.9	4.7	7.7	35.1	13.4

Summit Securities Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	15	15	26	53	5	141	38	82	29	74	50	89
Other Income	3	0	0	0	0	0	0	0	0	1	0	0
Total Income	19	15	26	53	5	141	38	82	29	75	51	89
Total Expenditure	3	2	2	3	3	3	3	12	3	4	4	4
Operating Profit	16	13	25	51	3	138	35	70	26	71	47	86
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	16	13	25	51	3	138	35	70	26	71	47	86
Provision for Tax	2	0	0	1	-4	17	1	-2	8	20	10	19
Profit After Tax	13	13	25	50	7	121	34	72	18	51	37	66
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	13	13	25	50	7	121	34	72	18	51	37	66
Adjusted Earnings Per Share	12.7	11.8	22.6	45.9	6.4	111.3	31.6	66.1	16.8	46.6	34	60.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-32%	-15%	-19%	13%
Operating Profit CAGR	-34%	-12%	-19%	11%
PAT CAGR	-27%	-20%	-21%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	137%	42%	21%	26%
ROE Average	1%	1%	1%	5%
ROCE Average	1%	1%	1%	5%

Summit Securities Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	430	446	471	522	529	650	3672	2300	4936	4482	5106
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	0
Current Liability	7	10	10	9	4	40	4	6	5	5	5
Other Liabilities & Provisions	0	0	0	0	0	1	343	155	493	450	529
Total Liabilities	437	456	481	531	533	690	4019	2461	5435	4936	5640
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	420	452	475	494	522	667	4012	2427	5426	4903	5612
Fixed Assets	0	0	0	0	0	0	0	0	0	0	0
Other Loans	0	0	0	0	0	0	0	0	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	0
Current Assets	17	4	5	37	11	24	7	34	9	33	28
Total Assets	437	456	481	531	533	690	4019	2461	5435	4936	5640

Summit Securities Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	10	6	3	5	35	7	0	7	32	7	32
Cash Flow from Operating Activities	12	21	24	48	2	31	-4	80	-1	47	38
Cash Flow from Investing Activities	-16	-25	-22	-18	-30	-37	10	-54	-23	-22	-43
Cash Flow from Financing Activities	0	-0	0	0	0	-0	0	0	0	0	0
Net Cash Inflow / Outflow	-4	-3	2	30	-28	-6	6	25	-25	25	-5
Closing Cash & Cash Equivalent	6	3	5	35	7	0	7	32	7	32	26

Summit Securities Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	12.66	11.76	22.61	45.93	6.35	111.26	31.62	66.09	16.79	46.63	34
CEPS(Rs)	12.67	11.77	22.63	45.94	6.36	111.26	31.63	66.1	16.8	46.65	34.01
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	406.89	409.43	432.04	478.74	485.09	596.34	3368.37	2109.71	4528.01	4111.01	4683.47
Net Profit Margin	86.74	86.26	94.91	93.72	128	85.73	90.16	87.99	63.17	68.6	73.47
Operating Margin	103.42	88.2	95.16	94.82	62.02	97.67	91.96	85.92	89.55	95.97	93.17
PBT Margin	100.73	88.2	95.16	94.82	61.97	97.61	91.92	85.92	89.34	95.97	93.17
ROA(%)	3.1	2.87	5.26	9.9	1.3	19.83	1.46	2.22	0.46	0.98	0.7
ROE(%)	3.16	2.93	5.37	10.08	1.32	20.58	1.59	2.41	0.51	1.08	0.77
ROCE(%)	3.77	2.99	5.39	10.2	0.64	23.11	1.62	2.36	0.72	1.51	0.98
Price/Earnings(x)	5.34	13.95	9.97	6.24	86.55	7.04	18.66	4.16	32.05	12.67	15.89
Price/Book(x)	0.17	0.4	0.52	0.6	1.13	1.31	0.18	0.13	0.12	0.14	0.12
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	4.22	11.82	9.29	5.19	109.51	6.15	16.66	3.27	20	8.27	11.15
EV/Core EBITDA(x)	4.08	13.19	9.75	5.48	204.02	6.29	18.1	3.81	22.31	8.61	11.96
Interest Earned Growth(%)	5.52	-3.64	74.75	105.69	-89.88	2515.88	-72.98	114.19	-64.63	155.8	-31.92
Net Profit Growth	6.35	-4.17	92.26	103.11	-86.17	1651.98	-71.58	109.02	-74.6	177.78	-27.09
EPS Growth(%)	6.35	-7.12	92.26	103.11	-86.17	1651.99	-71.58	109.02	-74.6	177.78	-27.09
Interest Coverage(x) %	38.51	0	0	0	1082.1	1582.86	2225.1	0	413.72	0	0

Summit Securities Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65	74.65
FII	0.94	0.92	0.63	0.6	0.58	0.55	0.59	0.57	0.57	0.58
DII	0.49	0.49	0.44	0.37	0.37	0.37	0.37	0.22	0.22	0.22
Public	23.93	23.95	24.29	24.39	24.4	24.43	24.39	24.56	24.56	24.55
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	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.81
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.01	0.01	0	0	0	0	0	0	0	0
Public	0.26	0.26	0.26	0.27	0.27	0.27	0.27	0.27	0.27	0.27
Others	0	0	0	0	0	0	0	0	0	0
Total	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09

Pros

Stock is trading at 0.2 times its book value
Company is almost debt free.

Cons

Company has a low return on equity of 1% over the last 3 years.
The company has delivered a poor profit growth of -21% over past five 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.