---
title: "Rikhav Securities Ltd (544340) — Share Price, Financials & Analysis"
symbol: "544340"
company: "Rikhav Securities Ltd"
canonical: "https://tapetide.com/stocks/544340"
isin: "INE0CFH01028"
nse_symbol: "RIKHAVSECURITIESLTD"
bse_code: "544340"
sector: "Capital Markets"
industry: "Stock Broking"
market_cap_cr: 181.87
generated_at: "2026-09-13T18:28:06.928Z"
---

# Rikhav Securities Ltd (544340)

Canonical page: https://tapetide.com/stocks/544340

## Company

- **NSE Symbol:** RIKHAVSECURITIESLTD
- **BSE Code:** 544340
- **ISIN:** INE0CFH01028
- **Sector:** Capital Markets
- **Industry:** Stock Broking
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-01-22
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** rikhav.net

## About

Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:38:11.335121Z.

- **Market Cap:** ₹181.87 Cr
- **Classification:** SME
- **P/E (reported):** 9.4
- **Book Value:** ₹64.1
- **Price to Book:** 0.73
- **Dividend Yield:** 0%
- **ROE:** 10.45%
- **ROCE:** 14.9%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹1975.96 Cr
- **Net Income:** ₹17.93 Cr
- **EBITDA:** ₹16.88 Cr
- **52-Week High:** ₹77.5
- **52-Week Low:** ₹34
- **RSI (14):** 53.31

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Flat
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 94%
- **Data coverage:** 88%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 37.62 | 9% |
| growth | 98.9 | 9% |
| momentum | 59.93 | 12% |
| ownership | 28.33 | 24% |
| quality | 86.12 | 22% |
| valuation | 73.53 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.75 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.50%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -272.4% | — | -116.18% |
| ebitda margin growth | -91.93% | -98.29% | -98.58% |
| net income growth | -24.35% | -2% | 15% |
| revenue growth | 502.79% | 234% | 144% |
| roce | -62.28% | -49.16% | 29.3% |
| roe | -66.17% | 20.65% | -49.3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 93 | 225 | 380 | 1596 |
| Expenses | 31 | 262 | 361 | 1598 |
| Operating Profit | 62 | -37 | 19 | -2 |
| OPM % | 67 | -16 | 5 | -0.1 |
| Other Income | 3 | 7 | 7 | 9 |
| Interest | 3 | 3 | 2 | 4 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 62 | -34 | 24 | 2 |
| Tax % | 18 | -21 | 25 | 48 |
| Net Profit | 51 | -27 | 18 | 1 |
| EPS in Rs | 16.95 | -7.01 | 4.66 | 0.31 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 23 | 43 | 54 | 110 | 328 | 1992 |
| Expenses | 15 | 18 | 25 | 55 | 292 | 1959 |
| Operating Profit | 8 | 25 | 28 | 55 | 36 | 33 |
| OPM % | 34 | 59 | 53 | 50 | 11 | 1.6 |
| Other Income | 10 | 0 | 0 | 0 | 0 | 0 |
| Interest | 4 | 3 | 4 | 3 | 7 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 13 | 21 | 24 | 52 | 28 | 26 |
| Tax % | 29 | 19 | 17 | 18 | 15 | 27 |
| Net Profit | 10 | 17 | 20 | 42 | 24 | 19 |
| EPS in Rs | 19.16 | 34.82 | 13.48 | 28.28 | 6.25 | 4.97 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | — | 5 | 15 | 15 | 19 | 19 |
| Reserves | — | 71 | 81 | 123 | 207 | 226 |
| Borrowings | — | 5 | 8 | 40 | 0 | 9 |
| Other Liabilities | — | 90 | 82 | 115 | 64 | 144 |
| Total Liabilities | — | 171 | 186 | 294 | 291 | 398 |
| Fixed Assets | — | 1 | 2 | 2 | 2 | 7 |
| CWIP | — | 0 | 0 | 0 | 0 | 0 |
| Investments | — | 74 | 100 | 133 | 2 | 2 |
| Other Assets | — | 96 | 84 | 159 | 287 | 390 |
| Total Assets | — | 171 | 186 | 294 | 291 | 398 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 2 | -31 | 105 | -184 | 65 |
| Cash from Investing Activity | — | 38 | 15 | -94 | 137 | -7 |
| Cash from Financing Activity | — | -3 | 7 | -3 | 18 | 2 |
| Net Cash Flow | — | 37 | -9 | 8 | -29 | 61 |
| Free Cash Flow | — | 1 | -29 | 104 | -185 | 60 |
| CFO/OP | — | 30 | -109 | 198 | -506 | 226 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 55 | 33 | 12 | 11 | 3 |
| Inventory Days | — | — | — | — | 160 | 20 |
| Days Payable | — | — | — | — | 90 | 17 |
| Cash Conversion Cycle | — | 55 | 33 | 12 | 81 | 6 |
| Working Capital Days | — | -672 | -488 | -247 | 68 | 1 |
| ROCE % | — | — | 30 | 39 | 17 | 13 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 76.78% | 60.27% | 64.56% | 64.05% |
| FIIs | 0% | 3.72% | 0.59% | 0.58% |
| DIIs | 0% | 2.69% | 1.74% | 1.12% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 27.98% | 24.81% | 27.33% |
| Others | 23.22% | 5.34% | 8.29% | 6.91% |
| No. of Shareholders | 52 | 1889 | 1867 | 1791 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 6 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 45.61 | Buy |
| EMA (10) | 46.03 | Buy |
| SMA (20) | 45.86 | Buy |
| EMA (20) | 46.03 | Buy |
| SMA (50) | 46.64 | Buy |
| EMA (50) | 46.47 | Buy |
| SMA (100) | 47.58 | Buy |
| EMA (100) | 47.26 | Buy |
| SMA (200) | 48.45 | Sell |
| EMA (200) | 50.79 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 57.94 | Neutral |
| MACD (12,26,9) | -0.14 | Buy |
| Stochastic (14,3,3) | 65.32 | Neutral |
| ADX (14) | 19.01 | Neutral |
| Williams %R (14) | -25.67 | Neutral |
| ATR (14) | 1.96 | High Volatility |
| ROC (12) | 4.69 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 67.47 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Board meets May 16, 2026 to approve audited FY26 and half-year results. | [Board Meeting Intimation for Intimation Regarding The Board Meeting Under Regulation 29 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015. 8 May - Board meets May 16, 2026 to approve audited FY26 and half-year results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c683cb28-095d-4c7a-bdc3-c14ba77d7448.pdf) |
| 6 Apr - RTA issued Regulation 74(5) certificate for quarter and year ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - RTA issued Regulation 74(5) certificate for quarter and year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32fcf6c8-1d0e-4358-ae1e-b5e4680fb415.pdf) |
| 3m - Promoters launched open offer for 99,55,920 shares, 26% of Rikhav Securities, at ₹47.75 on April 21, 2026. | [Public Announcement - Open Offer 3m - Promoters launched open offer for 99,55,920 shares, 26% of Rikhav Securities, at ₹47.75 on April 21, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7485B7F9-54DD-4357-BD29-B921A330EFA7-080327.pdf) |
| 29 Apr - Rikhav Securities promoter group launches open offer for up to 99,55,920 shares (26%) at ₹47.75 each. | [Detailed Public Statement 29 Apr - Rikhav Securities promoter group launches open offer for up to 99,55,920 shares (26%) at ₹47.75 each.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53A00CA5-07DF-4FA6-8AAF-EB6CE1A4FC02-075517.pdf) |
| 29 Apr - Rikhav Securities promoter group launches open offer for up to 99,55,920 shares (26%) at ₹47.75 each. | [Detailed Public Statement 29 Apr - Rikhav Securities promoter group launches open offer for up to 99,55,920 shares (26%) at ₹47.75 each.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/53A00CA5-07DF-4FA6-8AAF-EB6CE1A4FC02-075517.pdf) |
| 27 Mar - Revised 26.03.2026 pledge disclosure: promoters pledged shares (e.g., 10,03,320; 4,98,048; 7,67,920). | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 27 Mar - Revised 26.03.2026 pledge disclosure: promoters pledged shares (e.g., 10,03,320; 4,98,048; 7,67,920).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/CD6F3184_4A9A_43ED_A092_42418CD990E6_171333.pdf) |
| 27 Jan - Publication of Results for the Quarter ended 31.012.2025 in the Newspaper | [Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Jan - Publication of Results for the Quarter ended 31.012.2025 in the Newspaper](https://www.bseindia.com/xml-data/corpfiling/AttachHis/652306e3-48b9-48b3-b055-b79bc2c8c59c.pdf) |
| 27 Feb - Promoter Deep Hitesh Lakhani pledged 10,03,320 shares (2.62%) to NU Investors Technologies Pvt Ltd on 23-Feb-2026. | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 27 Feb - Promoter Deep Hitesh Lakhani pledged 10,03,320 shares (2.62%) to NU Investors Technologies Pvt Ltd on 23-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6D6EA977_7217_450E_9856_932D440A59D9_165252.pdf) |
| 27 Feb - NSE fined Rs4,20,000 +18% GST for 21-day delay in trading approval of 8,200,000 shares. | [Penalty Imposed By NSE And Company Reply To NSE 27 Feb - NSE fined Rs4,20,000 +18% GST for 21-day delay in trading approval of 8,200,000 shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee2f5c36-374c-4e2a-8d43-bca685c6b3f9.pdf) |
| 23 Jan - Board approved unaudited standalone and consolidated Q3 results for quarter ended 31-Dec-2025; limited review reports dated 23-Jan-2026. | [Board Meeting Outcome for Unaudited Standalone And Consolidated Results For The Quarter Ended 31.12.2025 23 Jan - Board approved unaudited standalone and consolidated Q3 results for quarter ended 31-Dec-2025; limited review reports dated 23-Jan-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08c8f387-3c6f-491e-92a8-00919b6e34b7.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-28 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3137e982-5a3f-46f3-8577-a18d580f50fc.pdf) |
| 2026-08-28 | [Notice Of 31St Annual General Meeting To Be Held On 22.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80782be8-4614-4697-9289-57ff701c62fe.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9eefd91c-8e33-43c8-8b74-d7c924abc66f.pdf) |
| 2026-08-20 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday August 20 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e8d3267-8fb5-4711-b92a-bf8be2aa1afb.pdf) |
| 2026-08-11 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E5643BA9_E378_46A2_8F01_B540B6D4C384_154746.pdf) |
| 2026-08-10 | [Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15790F23_A4CE_4ABF_84CF_0FB29254D797_153957.pdf) |
| 2026-08-04 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15F5A352_1144_4B69_84C6_8BB0F5A29699_173146.pdf) |
| 2026-07-22 | [Submission Of Recommendation Of The Committee Of Independent Directors In Respect Of Open Offer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a3c4cb5-941b-4df2-bd50-3217a0a6035e.pdf) |
| 2026-07-20 | [Letter of Offer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A35AF27A-80B4-4C66-87F5-54D997A2C029-194211.pdf) |
| 2026-07-15 | [Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0B6A009E_CA96_4E89_9F75_76D2344D84F6_152437.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca740074-f616-47fa-bc4f-96b3ff09d8c4.pdf) |
| 2025-11-13 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7e71b04-3c43-409c-a561-9461dc4d29d3.pdf) |
| 2025-05-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=becf9f55-606a-4fe0-a633-85460d979b2e.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d4282eb-5603-41c3-8387-112d183148a4.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7e71b04-3c43-409c-a561-9461dc4d29d3.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/becf9f55-606a-4fe0-a633-85460d979b2e.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ca740074-f616-47fa-bc4f-96b3ff09d8c4.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=538383c4-61a6-4291-86bb-cb81e1b1f0c4.pdf) |
| 2025-11-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1182164-5139-4f4f-9b7e-d52c0a6358da.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61c933a8-151c-4e1d-b18f-c4982c6e26e4.pdf) |
| 2025-11-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=748adf4f-98a2-4755-bcc0-50328a854373.pdf) |
| 2025-10-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1d4282eb-5603-41c3-8387-112d183148a4.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-23 | [Standalone And Consolidated Audited Financial Results Of The Company For The Financial Half Year And Year Ended March 31 2026 And Notes Thereon](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb41c946-0328-4d2d-890d-68f9400a06dd.pdf) |
| 2025-11-12 | [Revised Standalone And Consolidated Financial Results For The Half Year Ended September 30 2025 In Response To The Discrepancies Raised By Stock Exchange.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9653b272-9d65-480d-aff5-45db64215ee4.pdf) |
| 2025-11-10 | [Standalone And Consolidated Un-Audited Financial Results For The Half Year Ended 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a57f1e42-155a-4bba-8aae-942ac13416c5.pdf) |
| 2025-05-13 | [Financial Results For Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02a4e6cf-a882-494e-966b-dee633eba703.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49b3f836-856e-422a-a064-f5d64f392374.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73909f1b-33b2-4438-85eb-0d7bc29d3023.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6045c5f5-483e-4ad6-a5b7-8d90ea0ad8ba.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/024e3857-29cb-4d1d-8e6f-6c0fbcac71bf.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/75701534598.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/71172534598.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/65998534598.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/5345980319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/5345980318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/534598/5345980317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:28:06.928Z.