Indo Thai Securities
INDOTHAI NSE
Indo Thai Securities
Capital MarketsNSE: INDOTHAI BSE: 533676 Stock Broking
Key Fundamentals
MicrocapStock BrokingCapital MarketsMarket Cap
₹570 Cr
Volatility
Low Risk
P/E Ratio
7.61
EBITDA
₹86.50 Cr
Return on Equity
23.07%
Debt to Equity
0.09
Book Value
₹32.83
52W High
₹466.35
52W Low
₹33.97
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 45.6% CAGR over last 5 years
- Debtor days have improved from 122 to 24.3 days.
Weaknesses
2- Promoter holding has decreased over last quarter: -0.43%
- Contingent liabilities of Rs.200 Cr.
Growth Rate
Revenue Growth
283% higher than
3Y
Net Income Growth
738% higher than
3Y
Cash Flow Change
-56.6%
ROE
429% higher than
3Y
ROCE
335% higher than
3Y
EBITDA Margin (Avg.)
85.7% higher than
3Y
Quarterly Results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 8 | 9 | 7 | 9 | 9 | 6 | 6 | 14 | 24 | 28 | 38 | 21 |
| Expenses | 3 | 3 | 3 | 2 | 3 | 4 | 4 | 8 | 4 | 4 | 4 | 6 | 5 |
| Operating Profit | 4 | 6 | 6 | 4 | 6 | 6 | 2 | -2 | 10 | 20 | 23 | 33 | 16 |
| OPM % | 62% | 66% | 67% | 63% | 64% | 60% | 30% | -34% | 72% | 84% | 84% | 85% | 77% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 4 | 6 | 6 | 4 | 6 | 6 | 1 | -2 | 10 | 19 | 23 | 31 | 15 |
| Tax % | 26% | 22% | 15% | 31% | 16% | 19% | 21% | 9% | 12% | 26% | 25% | 17% | 26% |
| Net Profit | 3 | 4 | 5 | 2 | 5 | 5 | 1 | -3 | 9 | 14 | 17 | 26 | 11 |
| EPS in Rs | 0.31 | 0.43 | 0.54 | 0.25 | 0.5 | 0.45 | 0.09 | -0.22 | 0.72 | 1.19 | 1.33 | 2.04 | 0.85 |
Profit & Loss
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37 | 49 | 45 | 58 | 8 | 9 | 22 | 20 | 8 | 31 | 27 | 104 | 110 |
| Expenses | 33 | 42 | 46 | 45 | 8 | 21 | 5 | 7 | 16 | 11 | 15 | 18 | 19 |
| Operating Profit | 4 | 7 | -1 | 13 | 0 | -12 | 17 | 12 | -9 | 20 | 12 | 86 | 92 |
| OPM % | 11% | 14% | -1.2% | 22% | -3.6% | -128% | 77% | 62% | -114% | 65% | 44% | 83% | 83% |
| Other Income | 0 | 0 | 5 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 4 | 6 | 3 | 11 | -2 | -14 | 16 | 11 | -9 | 20 | 10 | 83 | 88 |
| Tax % | 18% | 0% | -3% | 23% | -25% | -20% | 37% | 13% | -20% | 22% | 24% | 20% | — |
| Net Profit | 3 | 6 | 3 | 9 | -1 | -11 | 10 | 10 | -7 | 15 | 8 | 66 | 69 |
| EPS in Rs | 0.3 | 0.63 | 0.33 | 0.87 | -0.13 | -1.08 | 1.02 | 0.99 | -0.65 | 1.6 | 0.71 | 5.16 | 5.41 |
| Div. Payout % | 34% | 16% | 30% | 11% | -76% | 0% | 10% | 10% | -9% | 10% | 0% | 0% | — |
Balance Sheet
| 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 | 13 |
| Reserves | 30 | 35 | 37 | 46 | 47 | 35 | 45 | 54 | 49 | 63 | 168 | 271 |
| Borrowings | 4 | 0 | 0 | 5 | 8 | 8 | 1 | 2 | 4 | 6 | 4 | 25 |
| Other Liabilities | 9 | 4 | 10 | 15 | 18 | 18 | 22 | 42 | 45 | 42 | 45 | 66 |
| Total Liabilities | 53 | 49 | 57 | 75 | 83 | 70 | 79 | 109 | 107 | 122 | 228 | 374 |
| Fixed Assets | 3 | 6 | 3 | 10 | 10 | 10 | 11 | 12 | 11 | 13 | 13 | 14 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 7 | 7 | 7 | 15 | 3 | 15 | 35 | 21 | 30 | 58 | 175 |
| Other Assets | 37 | 36 | 47 | 59 | 58 | 57 | 53 | 62 | 75 | 79 | 158 | 185 |
| Total Assets | 53 | 49 | 57 | 75 | 83 | 70 | 79 | 109 | 107 | 122 | 228 | 374 |
Cash Flow
| 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 | -11 | -8 | 0 | 7 | 4 | 13 | 4 | 5 | 1 | -3 | -22 | -34 |
| Investing | 5 | 13 | 5 | -5 | 0 | -14 | 4 | -9 | -2 | 3 | -75 | -22 |
| Financing | 1 | -6 | -1 | 3 | -1 | -2 | -7 | -1 | 0 | 0 | 95 | 58 |
| Net Cash Flow | -5 | -1 | 4 | 6 | 3 | -3 | 1 | -4 | 0 | 1 | -2 | 2 |
| Free Cash Flow | -13 | -10 | 6 | 7 | 4 | 13 | 3 | 3 | 1 | -5 | -22 | -35 |
| CFO/OP | -255 | -116 | -58 | 74 | -1,700 | -110 | 27 | 50 | -28 | -2 | -159 | -25 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98 | 81 | 100 | 138 | 1,063 | 423 | 59 | 49 | 138 | 90 | 251 | 24 |
| Inventory Days | 105 | 59 | — | — | — | — | — | — | — | — | — | — |
| Days Payable | 66 | 16 | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 137 | 125 | 100 | 138 | 1,063 | 423 | 59 | 49 | 138 | 90 | 251 | 24 |
| Working Capital Days | 97 | 143 | 167 | 105 | 126 | 229 | -20 | -567 | -1,250 | -246 | -92 | -27 |
| ROCE % | 9% | 15% | -3% | 23% | -1% | -21% | 32% | 20% | -13% | 28% | 9% | 35% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo Thai Securities insights
61 extracted metrics + investor summaries across FY05–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Meeting Updates
12 Sep - Company approved secured NCD issuance up to ₹10 crore and executed trust deed on 12 September 2026. 12 Sep - Company approved secured NCD issuance up to ₹10 crore and executed trust deed on 12 September 2026.
2
Indo Thai Securities Limited Has informed About Agreements
12 Sep - Approved secured, unlisted NCDs up to ₹10 crore; trust deed and hypothecation executed. 12 Sep - Approved secured, unlisted NCDs up to ₹10 crore; trust deed and hypothecation executed.
3
Indo Thai Securities Limited Has informed About Debenture Trustee Agreement
11 Sep - Indo Thai Securities executed debenture trustee agreement for up to ₹100 crore secured NCDs on Sept. 11, 2026. 11 Sep - Indo Thai Securities executed debenture trustee agreement for up to ₹100 crore secured NCDs on Sept. 11, 2026.
5
Board Meeting Outcome for Indo Thai Securities Limited Has Submitted To The Exchange, The Financial Results For The Period Ended March 31, 2026.
7 May - Board approved FY26 audited standalone and consolidated results and recommended Re.0.10 dividend on 07 May 2026. 7 May - Board approved FY26 audited standalone and consolidated results and recommended Re.0.10 dividend on 07 May 2026.
Frequently Asked Questions about Indo Thai Securities
What does Indo Thai Securities Ltd do?
Incorporated in 1995, Indo Thai Securities
Ltd is in the business as stock and share brokers[1]
Where is Indo Thai Securities Ltd (INDOTHAI) listed?
Indo Thai Securities Ltd trades as INDOTHAI on the NSE and under code 533676 on the BSE.
Which sector does Indo Thai Securities Ltd belong to?
Indo Thai Securities Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the market capitalisation of Indo Thai Securities Ltd?
Indo Thai Securities Ltd has a market capitalisation of ₹569.52 Cr, which places it in the Small Cap band.
What is the PE ratio of Indo Thai Securities Ltd?
Indo Thai Securities Ltd trades at a PE ratio of 7.61, against a book value of ₹32.83 per share.
What is the 52-week high and low of Indo Thai Securities Ltd?
Over the last 52 weeks Indo Thai Securities Ltd has traded between ₹33.97 and ₹466.35.
Does Indo Thai Securities Ltd pay dividends?
Indo Thai Securities Ltd has a dividend yield of 0.46%.
What is the Return on Equity (ROE) of Indo Thai Securities Ltd?
Indo Thai Securities Ltd reported a return on equity of 23.07%. Its debt-to-equity ratio is 0.09.
Company Information
Incorporated in 1995, Indo Thai Securities Ltd is in the business as stock and share brokers[1]
Website indothai.co.in
CEO Mr. Parasmal Doshi
Employees 97
Listed 2011-11-02
Face Value ₹ 1
Issued Size 12,49,23,190
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