Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.60 | 2.16 | 2.83 | 2.52 | 3.14 | 2.70 | 1.18 | 1.14 | 3.40 | 1.06 | 2.30 | 2.27 |
| Expenses | 1.36 | 1.81 | 3.05 | 1.97 | 7.64 | 2.44 | 2.41 | 1.78 | 3.23 | 2.07 | 3.06 | 2.35 |
| Operating Profit | 0.24 | 0.35 | -0.22 | 0.55 | -4.50 | 0.26 | -1.23 | -0.64 | 0.17 | -1.01 | -0.76 | -0.08 |
| OPM % | 15.00% | 16.20% | -7.77% | 21.83% | -143.31% | 9.63% | -104.24% | -56.14% | 5.00% | -95.28% | -33.04% | -3.52% |
| Other Income | 0.04 | 0.04 | 0.05 | 0.06 | 4.81 | 0.35 | 0.37 | 0.16 | 0.21 | 0.66 | 0.44 | 0.32 |
| Interest | 0.10 | 0.06 | 0.05 | 0.05 | 0.02 | 0.01 | 0.03 | 0.04 | 0.06 | 0.06 | 0.07 | 0.08 |
| Depreciation | 0.07 | 0.08 | 0.12 | 0.10 | 0.07 | 0.07 | 0.11 | 0.07 | 0.08 | 0.08 | 0.06 | 0.07 |
| Profit before tax | 0.11 | 0.25 | -0.34 | 0.46 | 0.22 | 0.53 | -1.00 | -0.59 | 0.24 | -0.49 | -0.45 | 0.09 |
| Tax % | 0.00% | -4.00% | 0.00% | -2.17% | -4.55% | -1.89% | 105.00% | 0.00% | 0.00% | 0.00% | -2.22% | 0.00% |
| Net Profit | 0.11 | 0.27 | -0.34 | 0.48 | 0.24 | 0.54 | -2.05 | -0.59 | 0.24 | -0.49 | -0.44 | 0.08 |
| EPS in Rs | 0.07 | 0.18 | -0.22 | 0.31 | 0.16 | 0.35 | -1.34 | -0.39 | 0.16 | -0.32 | -0.29 | 0.05 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.40 | 4.14 | 3.81 | 3.64 | 2.87 | 3.74 | 6.23 | 6.45 | 8.70 | 10.29 | 8.76 | 9.03 |
| Expenses | 3.60 | 4.91 | 4.04 | 5.44 | 6.15 | 4.45 | 5.29 | 5.36 | 7.95 | 14.45 | 10.12 | 10.71 |
| Operating Profit | -0.20 | -0.77 | -0.23 | -1.80 | -3.28 | -0.71 | 0.94 | 1.09 | 0.75 | -4.16 | -1.36 | -1.68 |
| OPM % | -5.88% | -18.60% | -6.04% | -49.45% | -114.29% | -18.98% | 15.09% | 16.90% | 8.62% | -40.43% | -15.53% | -18.60% |
| Other Income | 0.09 | 0.82 | 0.03 | 2.46 | 0.75 | 0.03 | 0.12 | 0.04 | 0.00 | 4.84 | 0.59 | 1.63 |
| Interest | 0.32 | 0.35 | 0.28 | 0.23 | 0.82 | 0.74 | 0.71 | 0.34 | 0.27 | 0.11 | 0.23 | 0.27 |
| Depreciation | 0.29 | 0.30 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.34 | 0.29 | 0.29 |
| Profit before tax | -0.72 | -0.60 | -0.77 | 0.15 | -3.63 | -1.70 | 0.06 | 0.50 | 0.17 | 0.23 | -1.29 | -0.61 |
| Tax % | -1.39% | 1.67% | -1.30% | -26.67% | -1.10% | -2.94% | -100.00% | 10.00% | -5.88% | 447.83% | -0.78% | |
| Net Profit | -0.70 | -0.61 | -0.76 | 0.19 | -3.59 | -1.65 | 0.12 | 0.44 | 0.17 | -0.80 | -1.27 | -0.61 |
| EPS in Rs | -0.59 | -0.51 | -0.64 | 0.16 | -3.01 | -1.38 | 0.10 | 0.29 | 0.11 | -0.52 | -0.83 | -0.40 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 10% | 19% | 11% | 11% | ||
| Compounded Profit Growth | -15% | 4% | % | 67% | ||
| Stock Price CAGR | 0% | 1% | -11% | -24% | ||
| Return on Equity | -6% | -5% | -9% | -4% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 15.25 | 15.25 | 15.25 | 15.25 |
| Reserves | 14.53 | 13.92 | 13.16 | 13.28 | 9.69 | 8.01 | 8.16 | 14.24 | 14.43 | 13.64 | 12.49 |
| Borrowings | 5.08 | 4.92 | 4.84 | 6.39 | 7.74 | 6.94 | 6.47 | 2.64 | 1.55 | 1.50 | 3.07 |
| Other Liabilities | 8.52 | 7.82 | 10.30 | 15.24 | 10.52 | 14.47 | 20.70 | 11.45 | 16.37 | 12.92 | 9.77 |
| Total Liabilities | 40.07 | 38.60 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.60 | 43.31 | 40.58 |
| Fixed Assets | 9.78 | 9.55 | 9.30 | 8.41 | 8.20 | 8.05 | 7.79 | 8.09 | 8.14 | 4.25 | 4.17 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.03 | 0.03 | 0.77 | 1.18 | 1.04 | 0.61 | 2.04 | 3.07 | 1.32 | 1.17 |
| Other Assets | 30.26 | 29.02 | 30.91 | 37.67 | 30.51 | 32.27 | 38.87 | 33.45 | 36.39 | 37.74 | 35.24 |
| Total Assets | 40.07 | 38.60 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.60 | 43.31 | 40.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3.87 | -1.35 | 0.40 | 3.59 | -3.55 | -0.21 | 3.30 | -7.24 | -1.74 | 4.02 | -2.05 |
| Cash from Investing Activity | -0.12 | 0.28 | 0.21 | 2.00 | -0.40 | 0.18 | 0.50 | -1.51 | -1.17 | -3.94 | 0.64 |
| Cash from Financing Activity | 0.04 | -0.50 | -0.36 | 1.32 | 0.53 | -1.54 | -1.19 | 8.40 | -0.09 | 0.29 | -0.50 |
| Net Cash Flow | 3.79 | -1.57 | 0.26 | 6.90 | -3.42 | -1.57 | 2.62 | -0.34 | -3.01 | 0.37 | -1.91 |
| Free Cash Flow | 3.36 | -1.42 | 0.36 | 6.04 | -3.62 | -0.34 | 3.27 | -7.83 | -2.10 | 7.56 | -2.26 |
| CFO/OP | -1,935% | 175% | -174% | -199% | 108% | 30% | 351% | -664% | -232% | -97% | 151% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,050.99 | 865.77 | 875.62 | 894.45 | 1,195.47 | 667.54 | 275.95 | 443.66 | 278.99 | 137.27 | 167.08 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 1,050.99 | 865.77 | 875.62 | 894.45 | 1,195.47 | 667.54 | 275.95 | 443.66 | 278.99 | 137.27 | 167.08 |
| Working Capital Days | 317.76 | 392.33 | 226.09 | -573.57 | -68.68 | -672.42 | -598.76 | 191.84 | -137.19 | -233.40 | -132.50 |
| ROCE % | -0.80% | -1.61% | -4.71% | -9.22% | -3.41% | 2.88% | 2.86% | 1.39% | -14.51% | -3.46% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 47.76% | 47.76% | 47.76% | 47.97% | 47.98% | 48.14% | 48.25% | 48.27% | 48.27% | 48.30% | 48.73% | 48.78% |
| Public | 52.25% | 52.24% | 52.24% | 52.04% | 52.02% | 51.85% | 51.75% | 51.73% | 51.73% | 51.70% | 51.26% | 51.22% |
| No. of Shareholders | 3,626 | 4,128 | 4,081 | 3,944 | 4,549 | 4,577 | 4,647 | 4,614 | 4,561 | 4,604 | 4,571 | 4,604 |
Fundamentals
Market Cap₹ 25.9 Cr.
Current Price₹ 17.0
Book Value₹ 18.2
ROCE-3.46 %
ROE-4.49 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)67%
Consolidated figures.
Valuation
Market capRs 26 Cr
Enterprise valueRs 28 Cr
Price to book0.92x
Price to sales2.83x
EV / sales3.12x
Earnings yield-2.39%
P/E, 3-year average263.35x
P/B, 3-year average1.10x
P/E, 5-year average182.05x
P/B, 5-year average1.14x
Profitability
Operating margin (excl. other income)-15.53%
Operating margin (incl. other income)-8.79%
EBITDA margin-0.55%
Pre-tax margin-6.76%
Net profit margin-6.76%
Net margin, latest quarter3.52%
ROE-4.49%
ROCE-3.46%
ROA-3.03%
ROE, 3-year average-2.21%
ROCE, 3-year average-0.32%
ROA, 3-year average-1.47%
ROE, 5-year average-0.85%
ROCE, 5-year average0.95%
ROA, 5-year average-0.64%
ROIC (approx.)-1.11%
Tax rate0.78%
Other income / net worth2.13%
Growth
Sales growth (latest year)-14.87%
Sales CAGR, 3 years10.74%
Sales CAGR, 5 years18.56%
Sales growth QoQ-1.30%
Sales growth YoY (latest quarter)99.12%
Per share
EPS (TTM)Rs -0.40
EPS (latest year)Rs -0.83
EPS (latest quarter)Rs 0.05
EPS, 3-year averageRs -0.42
EPS, 5-year averageRs -0.17
Book value per shareRs 18.19
Sales per shareRs 5.92
Cash flow per shareRs -1.34
Free cash flow per shareRs -1.48
Efficiency
Asset turnover0.22x
Fixed asset turnover2.10x
Debtor days167 days
Debtors turnover2.18x
Cash conversion cycle167 days
Working capital days-132 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.11x
Interest coverage-1.26x
Owners' fund to total sources68.36%
Debt to assets7.57%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Statement figures
Net sales (TTM)Rs 9 Cr
Net sales (latest year)Rs 9 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -0 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
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 10 Cr
Total income (latest year)Rs 9 Cr
Share capitalRs 15 Cr
ReservesRs 12 Cr
Shareholders' fundsRs 28 Cr
Total assetsRs 41 Cr
Net blockRs 4 Cr
InvestmentsRs 1 Cr
ReceivablesRs 4 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)1.53
Ownership
Promoter holding48.78% (+0.51 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.92 is at the 28th percentile (median 1.16).
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.
| Period | KHANDSE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.2% | -2.8% | -4.5 pts |
| 1 month | -6.7% | -6.8% | +0.1 pts |
| 3 months | -4.5% | -7.6% | +3.1 pts |
| 6 months | +34.1% | +0.4% | +33.7 pts |
| 1 year | -29.9% | -9.9% | -20.0 pts |
| 2 years | -45.0% | -13.6% | -31.4 pts |
| 3 years | -33.0% | +14.2% | -47.1 pts |
| 5 years | +0.7% | +27.9% | -27.2 pts |
Red flags
F-score 2 of 8| explain | Debt up, profit down Borrowings up 105% while net profit fell in 2026 |
| look | Repeated losses Net loss in each of the last two 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 2026Sales ₹2 Cr +99.1% vs Jun 2025.
Net profit ₹0 Cr +113.6%.
Against our estimate for Jun 2026: sales +70.1%, profit +118.3% beat. Our estimate for Sep 2026: sales Rs 5 Cr, profit Rs 0 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 115,133 | 47.2 | 37.3 % |
| Motilal Oswal Financial Services Ltd | 60,069 | 30.3 | 12.7 % |
| 360 ONE WAM Ltd | 41,983 | 33.3 | 12.1 % |
| Nuvama Wealth Management Ltd | 30,484 | 28.2 | 17.5 % |
| Angel One Ltd | 25,014 | 24.2 | 14.8 % |
| IIFL Capital Services Ltd | 10,878 | 19.1 | 21.1 % |
| Share India Securities Ltd | 4,492 | 12.4 | 18.4 % |
| Anand Rathi Share & Stock Brokers Ltd | 3,156 | 21.4 | 19.8 % |
| Monarch Networth Capital Ltd | 2,714 | 15.0 | 27.6 % |
| Geojit Financial Services Ltd | 2,138 | 27.5 | 9.02 % |
| SMC Global Securities Ltd | 1,948 | 17.9 | 11.4 % |
| 5paisa Capital Ltd | 1,429 | 32.3 | 9.94 % |
| Dolat Algotech Ltd | 1,151 | 8.00 | 16.3 % |
| Dam Capital Advisors Ltd | 1,101 | 15.2 | 35.4 % |
| Systematix Corporate Services Ltd | 1,030 | 8.49 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-19 | Annual General Meeting | |
| 2023-09-21 | Annual General Meeting | |
| 2022-09-20 | Annual General Meeting | |
| 2021-09-21 | Annual General Meeting | |
| 2020-11-12 | Annual General Meeting | |
| 2019-08-21 | Annual General Meeting | |
| 2018-09-11 | Annual General Meeting (Date Revised) | |
| 2017-09-12 | Annual General Meeting | |
| 2016-09-08 | Annual General Meeting | |
| 2015-09-10 | Annual General Meeting | |
| 2014-09-11 | Annual General Meeting | |
| 2013-09-11 | Annual General Meeting | |
| 2012-09-20 | Annual General Meeting | |
| 2011-07-15 | Annual General Meeting (Bc Dates Revised) | |
| 2010-09-17 | Annual General Meeting | |
| 2009-09-23 | Annual General Meeting | |
| 2008-09-11 | Annual General Meeting | |
| 2007-08-27 | Agm | |
| 2006-08-21 | Agm |
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.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Khandwala Securities Ltd?
Khandwala Securities Ltd (KHANDSE) has a market capitalisation of Rs 25.9 Cr. at the 2026-10-01 close.
What were Khandwala Securities Ltd's latest quarterly results?
In the Jun 2026 quarter, Khandwala Securities Ltd sales was Rs 2 Cr (+99.1% vs Jun 2025) and net profit was Rs 0 Cr.
What is the 52-week high and low of Khandwala Securities Ltd?
The 52-week high is Rs 25.50 and the 52-week low is Rs 12.20.