5

Mathew Easow Research Securities

511688 BSE

Key Fundamentals

MicrocapNBFCFinancial Services
Market Cap
₹9.20 Cr
P/E Ratio
101.46
EBITDA
₹1.54 Cr
Return on Equity
0.59%
Debt to Equity
1.6
Book Value
₹21.44
52W High
₹14.81
52W Low
₹11.13

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Stock is trading at 0.62 times its book value

Weaknesses

6
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.41% over past five years.
  • Promoter holding is low: 31.3%
  • Company has a low return on equity of 0.52% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
5.19% lower than 3Y
Net Income Growth
-20% lower than 3Y
Cash Flow Change
-71.97% lower than 3Y
ROE
37.21% higher than 3Y
ROCE
-5.88% lower than 3Y
EBITDA Margin (Avg.)
-17.77% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
0.58
0.61
0.61
121
0.4
0.75
0.83
0.6
0.72
0.83
0.72
0.57
0.79
Expenses
0.15
0.11
0.12
120
0.15
0.43
0.12
0.21
0.4
0.46
0.25
0.18
0.26
Financing Profit
-0.02
0.01
0.02
0.03
0.03
-0.03
0.03
0.02
0.03
0.04
0.02
0.03
0.03
Fin. Margin %
-3.45%
1.64%
3.28%
0.02%
7.5%
-4%
3.61%
3.33%
4.17%
4.82%
2.78%
5.26%
3.8%
Other Income
0.05
0.01
0
0.01
0
0.07
0
0
0
0
0
0.01
0
Interest
0.45
0.49
0.47
0.41
0.22
0.35
0.68
0.37
0.29
0.33
0.45
0.36
0.5
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0.03
0.02
0.02
0.04
0.03
0.04
0.03
0.02
0.03
0.04
0.02
0.04
0.03
Tax %
33.33%
0%
0%
25%
33.33%
25%
33.33%
0%
33.33%
25%
0%
25%
33.33%
Net Profit
0.02
0.01
0.01
0.02
0.02
0.03
0.02
0.02
0.02
0.02
0.01
0.03
0.02
EPS in Rs
0.03
0.02
0.02
0.03
0.03
0.05
0.03
0.03
0.03
0.03
0.02
0.05
0.03
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
11.59
9.23
1.59
4.11
3.48
4.79
2.19
2.45
2.31
14.48
2.6
2.85
2.91
Expenses
9.91
8.28
1.32
2.51
2.04
4.6
1.25
1.66
0.67
12.62
0.91
1.31
1.15
Financing Profit
1.67
0.94
0.2
0.71
0.44
0.12
0.19
-0.8
-0.07
0.04
0.06
0.12
0.12
Fin. Margin %
14.41%
10.18%
12.58%
17.27%
12.64%
2.51%
8.68%
-32.65%
-3.03%
0.28%
2.31%
4.21%
4.12%
Other Income
-0.01
0
0
0
0.02
0.15
0
1.03
0.16
0.06
0.07
0
0.01
Interest
0.01
0.01
0.07
0.89
1
0.07
0.75
1.59
1.71
1.82
1.63
1.42
1.64
Depreciation
0.05
0.05
0.05
0.07
0.13
0.12
0.1
0.05
0.02
0.02
0.01
0.01
0
PBT
1.61
0.89
0.15
0.64
0.33
0.15
0.09
0.18
0.07
0.08
0.12
0.11
0.13
Tax %
31.68%
38.2%
33.33%
29.69%
45.45%
13.33%
-22.22%
44.44%
28.57%
25%
25%
27.27%
—
Net Profit
1.1
0.55
0.1
0.46
0.18
0.14
0.11
0.11
0.04
0.06
0.08
0.08
0.08
EPS in Rs
1.65
0.83
0.15
0.69
0.27
0.21
0.17
0.17
0.06
0.09
0.12
0.12
0.13
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6.65
6.65
6.65
6.65
6.65
6.65
6.65
6.65
6.65
6.65
6.65
6.65
Reserves
5.66
6.21
6.31
6.77
6.99
7.13
7.24
7.34
7.39
7.45
7.53
7.61
Borrowing
0.14
0.1
6.61
11.72
69.69
15.89
31.24
34.22
31.95
23.25
21.98
21.83
Other Liabilities
0.7
0.41
0.79
0.61
0.33
0.16
0.51
0.21
0.04
0.11
0.19
0.24
Total Liabilities
13.15
13.37
20.36
25.75
83.66
29.83
45.64
48.42
46.03
37.46
36.35
36.33
Fixed Assets
0.39
0.34
0.29
0.47
0.34
0.35
0.26
0.13
0.11
0.1
0.08
0.07
CWIP
0.01
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
12.75
13.03
20.07
25.28
83.32
29.48
45.38
48.29
45.92
37.36
36.27
36.26
Total Assets
13.15
13.37
20.36
25.75
83.66
29.83
45.64
48.42
46.03
37.46
36.35
36.33
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-0.13
-0.04
-5.56
-4.41
-57.05
53.97
-14.83
-2.56
4.06
10.38
2.91
1.53
Investing
-0.16
0.01
-0.01
-0.25
0.01
-0.13
-0.01
1.11
0.01
0.02
0.01
0.01
Financing
0.06
-0.05
6.43
4.23
56.96
-53.87
14.61
1.39
-3.97
-10.52
-2.9
-1.58
Net Cash Flow
-0.22
-0.08
0.87
-0.42
-0.08
-0.03
-0.23
-0.06
0.09
-0.13
0.02
-0.04
Free Cash Flow
-0.29
-0.03
-5.57
-4.66
-57.05
53.83
-14.84
-1.46
4.06
10.38
2.91
1.53
CFO/OP
-3
56
-1,952
-268
-3,949
28,458
-1,567
-308
252
558
173
116
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
9.43%
4.37%
0.77%
3.49%
1.33%
1.02%
0.8%
-6.17%
0.29%
0.43%
0.57%
0.56%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs0.61%Others34.22%Promot.31.28%Public33.89%As ofJun 2026

Documents

Frequently Asked Questions about Mathew Easow Research Securities

What does Mathew Easow Research Securities Ltd do?
Incorporated in 1988, Mathew Easow Research Securities Ltd is in the business of investment and finance.[1]
Where is Mathew Easow Research Securities Ltd (511688) listed?
Mathew Easow Research Securities Ltd trades under code 511688 on the BSE.
Which sector does Mathew Easow Research Securities Ltd belong to?
Mathew Easow Research Securities Ltd is classified under the Financial Services sector, in the Finance industry.
What is the market capitalisation of Mathew Easow Research Securities Ltd?
Mathew Easow Research Securities Ltd has a market capitalisation of ₹9.2 Cr, which places it in the Small Cap band.
What is the PE ratio of Mathew Easow Research Securities Ltd?
Mathew Easow Research Securities Ltd trades at a PE ratio of 101.46, against a book value of ₹21.44 per share.
What is the 52-week high and low of Mathew Easow Research Securities Ltd?
Over the last 52 weeks Mathew Easow Research Securities Ltd has traded between ₹11.13 and ₹14.81.
What is the Return on Equity (ROE) of Mathew Easow Research Securities Ltd?
Mathew Easow Research Securities Ltd reported a return on equity of 0.59%. Its debt-to-equity ratio is 1.60.

Company Information

Incorporated in 1988, Mathew Easow Research Securities Ltd is in the business of investment and finance.[1]

Website mersl.co.in
Listed 2006-03-01
Face Value ₹ 10

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