Khandwala Securities Q2 FY27 Share Price & Earnings Call Analysis

₹16.24-5.96% today
Market cap
₹25 Cr
ROE
-4.49%
Price to sales
2.74
Debt to equity
0.11
52W high / low
₹25.6 / ₹12.2
Sales growth (5Y)
18.56%
EBITDA margin
-18.60%
Net profit margin
-14.50%
Promoter holding
48.85%
Sales (last year)
₹9 Cr

Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. Nippon Life Ind.Good growth
    2
  2. BSEGood growth
    1
  3. Motil.Oswal.Fin.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.37L Cr48.4
2Nippon Life Ind.20–40%Flat₹68,184 Cr41.6
3Motil.Oswal.Fin.20–40%Flat₹63,771 Cr32.2
420–40%Flat₹31,481 Cr29.1
520–40%Flat₹15,334 Cr43.8
620–40%Flat₹12,638 Cr51.6

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Financials of Khandwala Securities Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Khandwala Securities Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +47.76%47.76%47.97%47.98%48.14%48.25%48.27%48.27%48.30%48.73%48.78%48.85%
Public +52.24%52.24%52.04%52.02%51.85%51.75%51.73%51.73%51.70%51.26%51.22%51.15%
No. of Shareholders4,1284,0813,9444,5494,5774,6474,6144,5614,6044,5714,6044,580

Financials of Khandwala Securities Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1.602.162.832.523.142.701.181.143.401.062.302.273.71
Expenses +1.361.813.051.977.642.442.411.783.232.073.062.353.16
Operating Profit0.240.35-0.220.55-4.500.26-1.23-0.640.17-1.01-0.76-0.080.55
OPM %15.00%16.20%-7.77%21.83%-143.31%9.63%-104.24%-56.14%5.00%-95.28%-33.04%-3.52%14.82%
Other Income +0.040.040.050.064.810.350.370.160.210.660.440.320.21
Interest0.100.060.050.050.020.010.030.040.060.060.070.080.09
Depreciation0.070.080.120.100.070.070.110.070.080.080.060.070.08
Profit before tax0.110.25-0.340.460.220.53-1.00-0.590.24-0.49-0.450.090.59
Tax %0.00%-4.00%0.00%-2.17%-4.55%-1.89%105.00%0.00%0.00%0.00%-2.22%0.00%0.00%
Net Profit +0.110.27-0.340.480.240.54-2.05-0.590.24-0.49-0.440.080.59
EPS in Rs0.070.18-0.220.310.160.35-1.34-0.390.16-0.32-0.290.050.39

Financials of Khandwala Securities Ltd

Profit & Loss

Annual income statement trend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3.404.143.813.642.873.746.236.458.7010.298.769.34
Expenses +3.604.914.045.446.154.455.295.367.9514.4510.1210.64
Operating Profit-0.20-0.77-0.23-1.80-3.28-0.710.941.090.75-4.16-1.36-1.30
OPM %-5.88%-18.60%-6.04%-49.45%-114.29%-18.98%15.09%16.90%8.62%-40.43%-15.53%-13.92%
Other Income +0.090.820.032.460.750.030.120.040.004.840.591.63
Interest0.320.350.280.230.820.740.710.340.270.110.230.30
Depreciation0.290.300.290.280.280.280.290.290.310.340.290.29
Profit before tax-0.72-0.60-0.770.15-3.63-1.700.060.500.170.23-1.29-0.26
Tax %-1.39%1.67%-1.30%-26.67%-1.10%-2.94%-100.00%10.00%-5.88%447.83%-0.78%
Net Profit +-0.70-0.61-0.760.19-3.59-1.650.120.440.17-0.80-1.27-0.26
EPS in Rs-0.59-0.51-0.640.16-3.01-1.380.100.290.11-0.52-0.83-0.17
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of Khandwala Securities Ltd

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital11.9411.9411.9411.9411.9411.9411.9415.2515.2515.2515.2515.25
Reserves14.5313.9213.1613.289.698.018.1614.2414.4313.6412.4913.17
Borrowings +5.084.924.846.397.746.946.472.641.551.503.073.54
Other Liabilities +8.527.8210.3015.2410.5214.4720.7011.4516.3712.929.776.82
Total Liabilities40.0738.6040.2446.8539.8941.3647.2743.5847.6043.3140.5838.78
Fixed Assets +9.789.559.308.418.208.057.798.098.144.254.174.12
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.030.030.030.771.181.040.612.043.071.321.171.35
Other Assets +30.2629.0230.9137.6730.5132.2738.8733.4536.3937.7435.2433.31
Total Assets40.0738.6040.2446.8539.8941.3647.2743.5847.6043.3140.5838.78

Financials of Khandwala Securities Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3.87-1.350.403.59-3.55-0.213.30-7.24-1.744.02-2.05
Cash from Investing Activity +-0.120.280.212.00-0.400.180.50-1.51-1.17-3.940.64
Cash from Financing Activity +0.04-0.50-0.361.320.53-1.54-1.198.40-0.090.29-0.50
Net Cash Flow3.79-1.570.266.90-3.42-1.572.62-0.34-3.010.37-1.91
Free Cash Flow3.36-1.420.366.04-3.62-0.343.27-7.83-2.107.56-2.26
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-1,935%175%-174%-199%108%30%351%-664%-232%-97%151%

Financials of Khandwala Securities Ltd

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1,050.99865.77875.62894.451,195.47667.54275.95443.66278.99137.27167.08
Inventory Days
Days Payable
Cash Conversion Cycle1,050.99865.77875.62894.451,195.47667.54275.95443.66278.99137.27167.08
Working Capital Days317.76392.33226.09-573.57-68.68-672.42-598.76191.84-137.19-233.40-132.50
ROCE %-0.80%-1.61%-4.71%-9.22%-3.41%2.88%2.86%1.39%-14.51%-3.46%

What Khandwala Securities Ltd's management said in earlier quarters

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