MarketFriction

Gajanan Securities Services Ltd

BSE 538609 · Other Financial Services
₹51.90 -0.40%
BSE close2026-10-01
Market cap₹16.4 Cr.
P/E17.3

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.070.030.020.030.02-0.010.000.030.000.03-0.040.05
Expenses0.070.020.040.060.020.030.080.060.060.070.110.06
Operating Profit0.000.01-0.02-0.030.00-0.04-0.08-0.03-0.06-0.04-0.15-0.01
OPM %0.00%33.33%-100.00%-100.00%0.00%-100.00%-133.33%-20.00%
Other Income0.010.000.110.050.010.010.180.010.540.260.350.27
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.010.010.090.020.01-0.030.10-0.020.480.220.200.26
Tax %200.00%100.00%22.22%50.00%0.00%0.00%-150.00%50.00%25.00%27.27%5.00%7.69%
Net Profit-0.010.160.690.010.00-0.030.24-0.020.360.170.190.23
EPS in Rs-0.030.522.220.030.00-0.100.77-0.061.160.550.610.74
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0.111.160.130.73-0.461.060.670.060.360.281.170.04
Expenses0.121.150.080.090.100.110.120.170.120.180.290.30
Operating Profit-0.010.010.050.64-0.560.950.55-0.110.240.100.88-0.26
OPM %-9.09%0.86%38.46%87.67%89.62%82.09%-183.33%66.67%35.71%75.21%-650.00%
Other Income0.010.000.000.000.000.000.080.000.000.000.001.42
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.000.000.000.000.000.000.000.000.000.000.00
Profit before tax-0.010.010.050.64-0.560.950.63-0.110.240.100.881.16
Tax %0.00%300.00%40.00%18.75%-21.43%28.42%15.87%9.09%33.33%-140.00%20.45%
Net Profit0.000.040.150.97-0.171.331.290.520.980.230.690.95
EPS in Rs0.000.230.483.13-0.554.294.161.683.160.742.223.06
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth27%2%169%318%
Compounded Profit Growth%-12%10%400%
Stock Price CAGR18%%12%-23%
Return on Equity1%1%1%1%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.103.103.103.103.103.103.103.103.103.103.10
Reserves-0.42106.57106.67107.69107.52108.86110.16110.70111.68119.88120.58
Borrowings0.000.000.000.000.000.000.000.000.000.000.00
Other Liabilities0.021.211.231.561.246.220.950.900.950.750.94
Total Liabilities2.70110.88111.00112.35111.86118.18114.21114.70115.73123.73124.62
Fixed Assets0.010.010.010.180.180.180.300.662.684.264.91
CWIP0.000.000.000.000.000.000.000.000.000.000.00
Investments0.5984.5466.13106.17107.1098.8897.8497.9497.99106.00105.64
Other Assets2.1026.3344.866.004.5819.1216.0716.1015.0613.4714.07
Total Assets2.70110.88111.00112.35111.86118.18114.21114.70115.73123.73124.62
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.07-20.95-19.320.90-0.105.38-4.630.460.80-0.02-0.40
Cash from Investing Activity0.0023.1318.60-39.76-1.399.251.60-0.45-1.83-1.58-0.28
Cash from Financing Activity0.040.000.0041.930.830.100.12-3.06-5.587.90-7.26
Net Cash Flow-0.032.18-0.723.07-0.6614.73-2.91-3.05-6.616.30-7.95
Free Cash Flow-0.07-20.95-19.320.73-0.105.380.830.10-1.22-1.60-1.06
CFO/OP800%-209,300%-38,600%141%18%566%-842%-418%333%-20%-45%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days398.1815.73140.3820.00-23.8010.330.000.000.000.000.00
Inventory Days0.000.00
Days Payable
Cash Conversion Cycle398.1815.73140.3820.00-23.8010.330.000.000.000.000.00
Working Capital Days6,901.82-361.85118,260.00-50.00-539.57-1,921.42-261.492,980.83-709.72312.86689.44
ROCE %0.02%0.05%0.58%-0.51%0.85%0.56%-0.10%0.21%0.08%0.71%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.61%62.61%62.61%62.61%62.61%62.61%62.61%62.61%66.99%66.99%66.99%71.21%
Public37.39%37.39%37.40%37.40%37.39%37.39%37.39%37.38%33.02%33.01%33.02%28.78%
No. of Shareholders4435295715586498749131,1141,2351,4921,6901,948

Fundamentals

Market Cap₹ 16.4 Cr.
Current Price₹ 53.0
Stock P/E17.3
Book Value₹ 399
ROCE0.71 %
ROE0.56 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)318%
Compounded Profit Growth (TTM)400%
Consolidated figures.
Valuation
Market capRs 16 Cr
Enterprise valueRs 12 Cr
P/E (TTM)16.95x
Price to book0.13x
Price to sales13.76x
EV / EBITDA10.09x
EV / EBIT10.09x
EV / sales10.01x
Earnings yield5.90%
P/E, 3-year average53.88x
P/B, 3-year average0.17x
P/E, 5-year average36.45x
P/B, 5-year average0.12x
Profitability
Operating margin (excl. other income)75.21%
Operating margin (incl. other income)75.21%
EBITDA margin99.15%
Pre-tax margin99.15%
Net profit margin81.20%
Net margin, latest quarter460.00%
ROE0.56%
ROCE0.71%
ROA0.56%
ROE, 3-year average0.54%
ROCE, 3-year average0.34%
ROA, 3-year average0.53%
ROE, 5-year average0.64%
ROCE, 5-year average0.29%
ROA, 5-year average0.63%
ROIC (approx.)0.77%
Tax rate20.45%
Growth
Sales growth (latest year)317.86%
Profit growth (latest year)200.00%
Sales CAGR, 3 years169.16%
Sales CAGR, 5 years1.99%
Profit CAGR, 3 years9.89%
Profit CAGR, 5 years-12.30%
Sales growth QoQ-225.00%
Profit growth QoQ21.05%
Sales growth YoY (latest quarter)66.67%
Per share
EPS (TTM)Rs 3.06
EPS (latest year)Rs 2.22
EPS (latest quarter)Rs 0.74
EPS, 3-year averageRs 2.04
EPS, 5-year averageRs 2.39
Book value per shareRs 398.71
Sales per shareRs 3.77
Cash flow per shareRs -1.29
Free cash flow per shareRs -3.42
Efficiency
Asset turnover0.01x
Fixed asset turnover0.24x
Cash conversion cycle0 days
Working capital days689 days
Leverage
Cash and bankRs 4 Cr
Net debtRs -4 Cr
Net debt / EBITDA-3.78x
Owners' fund to total sources99.25%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs -1 Cr
Cash from ops / profit, 5 years-1.02x
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 0 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 3 Cr
ReservesRs 121 Cr
Shareholders' fundsRs 124 Cr
Total assetsRs 125 Cr
Net blockRs 5 Cr
InvestmentsRs 106 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding71.21% (+8.60 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.9 is at the 15th percentile of its own 3.9-year range (median 27.7, low 2.3, high 108.7).
P/B 0.13 is at the 27th percentile (median 0.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period538609Nifty 50Difference
1 week-1.0%-2.8% +1.8 pts
1 month-7.8%-6.8% -1.0 pts
3 months-4.0%-7.6% +3.6 pts
3 years+39.4%+14.2% +25.2 pts
5 years+419.0%+27.9% +391.1 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 20% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr +66.7% vs Jun 2025. Net profit ₹0 Cr +1250.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gajanan Securities Services Ltd?

Gajanan Securities Services Ltd (538609) has a market capitalisation of Rs 16.4 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gajanan Securities Services Ltd?

Gajanan Securities Services Ltd trades at a P/E of 17.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gajanan Securities Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Gajanan Securities Services Ltd sales was Rs 0 Cr (+66.7% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03