Khandwala Securities
Capital Markets
KHANDSE NSE
₹17.30 +0.31 (+1.82%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹17.30 −4.85 −21.9% 1Y
Start ₹22.15
Key Fundamentals
MicrocapCapital MarketsFinancial ServicesPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −3.46%
- Debt to Equity
- 0.11
- EPS (TTM)
- −₹0.40
- Book Value
- ₹18.63
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.93
- ROE
- −4.49%
- Dividend Yield
- 0.00%
- EBITDA
- −₹80.00 L
- 52W High
- ₹25.50
- 52W Low
- ₹12.20
- Day Range
- ₹16.21 – ₹17.34
- Volume
- 1,484
Peer Comparison
Financial Services › Capital Markets › Stock Broking › Stockbroking & Allied
| ₹207.23 | 48.08 | ₹1,31,118 Cr | 11.23 | 0.00% | 28.80% | 37.30% | ₹5,724 Cr | ₹2,693 Cr | |
| ₹1,013.00 | 30.77 | ₹61,868 Cr | 3.93 | 0.59% | 15.50% | 12.70% | ₹10,063 Cr | ₹1,984 Cr | |
| ₹1,068.70 | 34.83 | ₹44,218 Cr | 3.67 | 1.27% | 14.40% | 12.10% | ₹4,664 Cr | ₹1,247 Cr | |
| ₹1,846.40 | 30.99 | ₹34,294 Cr | 8.31 | 0.75% | 27.40% | 17.50% | ₹4,884 Cr | ₹1,083 Cr | |
| ₹312.10 | 24.63 | ₹28,381 Cr | 4.28 | 0.77% | 15.60% | 14.80% | ₹5,651 Cr | ₹1,155 Cr | |
| ₹349.05 | 19.09 | ₹10,997 Cr | 3.18 | 0.86% | 16.20% | 21.10% | ₹2,434 Cr | ₹572 Cr | |
| ₹182.92 | 11.01 | ₹4,051 Cr | 1.38 | 0.49% | 13.00% | 18.40% | ₹1,577 Cr | ₹364 Cr | |
| Khandwala Securities (this company) | ₹17.30 | — | ₹26 Cr | 0.93 | 0.00% | −4.49% | −3.46% | ₹9 Cr | −₹1 Cr |
| Median 8 companies | ₹330.58 | 30.77 | ₹31,337 Cr | 3.80 | 0.67% | 15.55% | 16.15% | ₹4,774 Cr | ₹1,119 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
39 Weak
Data confidence 94/100
Category scores
- Quality
- 22
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 44
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 52
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 15
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 59
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 51
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.94 times its book value
Weaknesses
3- Company has low interest coverage ratio.
- Company has a low return on equity of -8.91% over last 3 years.
- Company has high debtors of 167 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 5 | 9 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 3 | 0 | 7 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bullish
Bearish
5
Neutral
5
Bullish
9
Moving Averages
Strong Bullish
Bearish
3
Neutral
0
Bullish
7
Key readings
- RSI (14)
- 54.98
- Neutral
- MACD (12,26,9)
- −0.12
- Bullish
- SMA (50)
- 17.08
- Bullish
- SMA (200)
- 17.38
- 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 | +9.93% |
|---|---|
| 5Y | +18.56% |
| 3Y | +10.74% |
| 1Y | −14.87% |
| TTM | +10.66% |
Net profit
| 10Y | Loss widened by ₹0.57 Cr |
|---|---|
| 5Y | Loss narrowed by ₹0.38 Cr |
| 3Y | Turned to loss |
| 1Y | Loss widened by ₹0.47 Cr |
| TTM | Loss narrowed by ₹1.25 Cr |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Outflow widened by ₹1.84 Cr |
| 3Y | Outflow narrowed by ₹5.19 Cr |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −9.65 pp |
|---|---|
| 5Y | +3.45 pp |
| 3Y | −32.43 pp |
| 1Y | +24.90 pp |
| TTM | +56.28 pp |
Revenue by year
| Mar 2017 | ₹4.14 Cr |
|---|---|
| Mar 2018 | ₹3.81 Cr |
| Mar 2019 | ₹3.64 Cr |
| Mar 2020 | ₹2.87 Cr |
| Mar 2021 | ₹3.74 Cr |
| Mar 2022 | ₹6.23 Cr |
| Mar 2023 | ₹6.45 Cr |
| Mar 2024 | ₹8.70 Cr |
| Mar 2025 | ₹10.29 Cr |
| Mar 2026 | ₹8.76 Cr |
Net profit by year
| Mar 2017 | −₹0.61 Cr |
|---|---|
| Mar 2018 | −₹0.76 Cr |
| Mar 2019 | ₹0.19 Cr |
| Mar 2020 | −₹3.59 Cr |
| Mar 2021 | −₹1.65 Cr |
| Mar 2022 | ₹0.12 Cr |
| Mar 2023 | ₹0.44 Cr |
| Mar 2024 | ₹0.17 Cr |
| Mar 2025 | −₹0.80 Cr |
| Mar 2026 | −₹1.27 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.93 | 1.6 | 2.16 | 2.83 | 2.52 | 3.14 | 2.7 | 1.18 | 1.14 | 3.4 | 1.06 | 2.3 | 2.27 | 3.71 |
| Expenses | 1.73 | 1.36 | 1.81 | 3.05 | 1.97 | 7.64 | 2.44 | 2.41 | 1.78 | 3.23 | 2.07 | 3.06 | 2.35 | 3.17 |
| Operating Profit | 0.2 | 0.24 | 0.35 | −0.22 | 0.55 | −4.5 | 0.26 | −1.23 | −0.64 | 0.17 | −1.01 | −0.76 | −0.08 | 0.54 |
| OPM % | 10.36% | 15% | 16.2% | −7.77% | 21.83% | −143.31% | 9.63% | −104.24% | −56.14% | 5% | −95.28% | −33.04% | −3.52% | 14.56% |
| Other Income | 0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 4.81 | 0.35 | 0.37 | 0.16 | 0.21 | 0.66 | 0.44 | 0.32 | 0.21 |
| Interest | 0.06 | 0.1 | 0.06 | 0.05 | 0.05 | 0.02 | 0.01 | 0.03 | 0.04 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 |
| Depreciation | 0.05 | 0.07 | 0.08 | 0.12 | 0.1 | 0.07 | 0.07 | 0.11 | 0.07 | 0.08 | 0.08 | 0.06 | 0.07 | 0.08 |
| PBT | 0.14 | 0.11 | 0.26 | −0.35 | 0.47 | 0.23 | 0.53 | −1 | −0.59 | 0.24 | −0.49 | −0.45 | 0.08 | 0.59 |
| Tax % | 0% | 0% | −4% | 0% | −2.17% | −4.55% | −1.89% | 105% | 0% | 0% | 0% | −2.22% | 0% | 0% |
| Net Profit | 0.14 | 0.11 | 0.27 | −0.34 | 0.48 | 0.24 | 0.54 | −2.05 | −0.59 | 0.24 | −0.49 | −0.44 | 0.08 | 0.59 |
| EPS (₹) | 0.09 | 0.07 | 0.18 | −0.22 | 0.31 | 0.16 | 0.35 | −1.34 | −0.39 | 0.16 | −0.32 | −0.29 | 0.05 | — |
Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.4 | 4.14 | 3.81 | 3.64 | 2.87 | 3.74 | 6.23 | 6.45 | 8.7 | 10.29 | 8.76 | 9.03 |
| Expenses | 3.6 | 4.91 | 4.04 | 5.44 | 6.15 | 4.45 | 5.29 | 5.36 | 7.95 | 14.45 | 10.12 | 10.71 |
| Operating Profit | −0.2 | −0.77 | −0.23 | −1.8 | −3.28 | −0.71 | 0.94 | 1.09 | 0.75 | −4.16 | −1.36 | −1.68 |
| OPM % | −5.88% | −18.6% | −6.04% | −49.45% | −114.29% | −18.98% | 15.09% | 16.9% | 8.62% | −40.43% | −15.53% | −18.6% |
| Other Income | 0.09 | 0.82 | 0.03 | 2.46 | 0.75 | 0.03 | 0.12 | 0.04 | 0 | 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 | 0.3 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.34 | 0.29 | 0.29 |
| PBT | −0.72 | −0.6 | −0.77 | 0.15 | −3.63 | −1.7 | 0.06 | 0.5 | 0.17 | 0.23 | −1.28 | −0.61 |
| Tax % | −1.39% | 1.67% | −1.3% | −26.67% | −1.1% | −2.94% | −100% | 10% | −5.88% | 447.83% | −0.78% | — |
| Net Profit | −0.7 | −0.61 | −0.76 | 0.19 | −3.59 | −1.65 | 0.12 | 0.44 | 0.17 | −0.8 | −1.27 | −0.61 |
| EPS (₹) | −0.59 | −0.51 | −0.64 | 0.16 | −3.01 | −1.38 | 0.1 | 0.29 | 0.11 | −0.52 | −0.83 | −0.4 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 1.5 | 3.07 |
| Other Liabilities | 8.52 | 7.82 | 10.3 | 15.24 | 10.52 | 14.47 | 20.7 | 11.45 | 16.37 | 12.92 | 9.77 |
| Total Liabilities | 40.07 | 38.6 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.6 | 43.31 | 40.58 |
| Fixed Assets | 9.78 | 9.55 | 9.3 | 8.41 | 8.2 | 8.05 | 7.79 | 8.09 | 8.14 | 4.25 | 4.17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 38.6 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.6 | 43.31 | 40.58 |
Cash Flow
₹ Cr| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3.87 | −1.35 | 0.4 | 3.59 | −3.55 | −0.21 | 3.3 | −7.24 | −1.74 | 4.02 | −2.05 |
| Investing | −0.12 | 0.28 | 0.21 | 2 | −0.4 | 0.18 | 0.5 | −1.51 | −1.17 | −3.94 | 0.64 |
| Financing | 0.04 | −0.5 | −0.36 | 1.32 | 0.53 | −1.54 | −1.19 | 8.4 | −0.09 | 0.29 | −0.5 |
| Net Cash Flow | 3.79 | −1.57 | 0.26 | 6.9 | −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 | −2.1 | 7.56 | −2.26 |
| CFO/OP | −1,935 | 175 | −174 | −199 | 108 | 30 | 351 | −664 | −232 | −97 | 151 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 167 |
| Cash Conversion Cycle | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 167 |
| Working Capital Days | 318 | 392 | 226 | −574 | −68.68 | −672 | −599 | 192 | −137 | −233 | −133 |
| ROCE % | — | −0.8% | −1.61% | −4.71% | −9.22% | −3.41% | 2.88% | 2.86% | 1.39% | −14.51% | −3.46% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Khandwala Securities insights
61 extracted metrics across FY12–FY27.
Documents
- 8 Jan 2026
- 7 Feb 2025
- 28 May 2024
- 21 Feb 2024
- 31 Jul 2023
Frequently Asked Questions about Khandwala Securities
What does Khandwala Securities Ltd do?
Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.
Where is Khandwala Securities Ltd (KHANDSE) listed?
Khandwala Securities Ltd trades as KHANDSE on the NSE and under code 531892 on the BSE.
Which sector does Khandwala Securities Ltd belong to?
Khandwala Securities Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the 52-week high and low of Khandwala Securities Ltd?
Over the last 52 weeks Khandwala Securities Ltd has traded between ₹12.2 and ₹25.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Khandwala Securities Ltd?
Khandwala Securities Ltd reported a return on equity of -4.49%. Its debt-to-equity ratio is 0.11.
Company Information
Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.
Website kslindia.com
CEO Mr. Paresh Jayantilal Khandwala
Employees 44
Listed 7 Feb 2001
Face Value ₹10
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