Mathew Easow Research Securities
Financial Services
511688 BSE
₹9.67
Close ·
- P/E
- 74.38
Close 3 Nov 2026 ₹9.67 −2.04 −17.4% 1Y
Start ₹11.71
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- Debt to Equity
- 1.53
- EPS (TTM)
- ₹0.13
- Book Value
- ₹21.44
- Market Cap
- —
- P/E (TTM)
- 74.38
- P/B
- 0.45
- ROE
- 0.56%
- Dividend Yield
- 0.00%
- 52W High
- ₹14.81
- 52W Low
- ₹9.67
- ROCE
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- EBITDA
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Key Insights
Strengths
1- Stock is trading at 0.58 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
3
Bullish
4
Overall
Strong Bearish
Bearish
12
Neutral
3
Bullish
4
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 32.04
- Neutral
- MACD (12,26,9)
- −0.40
- Bearish
- SMA (50)
- 11.87
- Bearish
- SMA (200)
- 9.94
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −11.09% |
|---|---|
| 5Y | +5.41% |
| 3Y | +7.25% |
| 1Y | +9.62% |
| TTM | +0.34% |
Net profit
| 10Y | −17.53% |
|---|---|
| 5Y | −6.17% |
| 3Y | +25.99% |
| 1Y | 0.00% |
| TTM | −11.11% |
Operating cash flow
Not meaningful
A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.
Revenue by year
| Mar 2017 | ₹1.59 Cr |
|---|---|
| Mar 2018 | ₹4.11 Cr |
| Mar 2019 | ₹3.48 Cr |
| Mar 2020 | ₹4.79 Cr |
| Mar 2021 | ₹2.19 Cr |
| Mar 2022 | ₹2.45 Cr |
| Mar 2023 | ₹2.31 Cr |
| Mar 2024 | ₹14.48 Cr |
| Mar 2025 | ₹2.60 Cr |
| Mar 2026 | ₹2.85 Cr |
Net profit by year
| Mar 2017 | ₹0.10 Cr |
|---|---|
| Mar 2018 | ₹0.46 Cr |
| Mar 2019 | ₹0.18 Cr |
| Mar 2020 | ₹0.14 Cr |
| Mar 2021 | ₹0.11 Cr |
| Mar 2022 | ₹0.11 Cr |
| Mar 2023 | ₹0.04 Cr |
| Mar 2024 | ₹0.06 Cr |
| Mar 2025 | ₹0.08 Cr |
| Mar 2026 | ₹0.08 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 (₹) | 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 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 (₹) | 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% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mathew Easow Research Securities insights
45 extracted metrics across FY10–FY27.
Documents
- General announcements 9 Oct 2026
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.
Where is Mathew Easow Research Securities Ltd (MATHEWE) 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 NBFC industry.
What is the PE ratio of Mathew Easow Research Securities Ltd?
Mathew Easow Research Securities Ltd trades at a PE ratio of 74.38 as of 3 Nov 2026, on earnings per share of ₹0.13, 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 ₹9.67 and ₹14.81 as of 3 Nov 2026.
What is the Return on Equity (ROE) of Mathew Easow Research Securities Ltd?
Mathew Easow Research Securities Ltd reported a return on equity of 0.56%. Its debt-to-equity ratio is 1.53.
Company Information
Incorporated in 1988, Mathew Easow Research Securities Ltd is in the business of investment and finance.
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