Indo Thai Securities Ltd

NSE: INDOTHAI BSE: 533676

Indo Thai Securities Ltd (INDOTHAI) is a Diversified company listed on NSE: INDOTHAI | BSE: 533676. With a market cap of ₹2,939 Cr and ROCE of 36%, ROE of 29%, it operates in the Indian Diversified sector.

₹268

52W: ₹144 — ₹470

PE 43.9 · Book ₹51.6 · +419% vs book

Market Cap₹2,939 Cr

Stock P/E43.9Price to Earnings

ROCE36%Return on Capital

ROE29%Return on Equity

Div. Yield0.04%Face Value ₹1

Strengths

+Company is almost debt free.
+Company is expected to give good quarter
+Company has delivered good profit growth of 39.8% CAGR over last 5 years
+Debtor days have improved from 122 to 24.4 days.

Weaknesses

−Promoter holding has decreased over last 3 years: -15.7%

Shareholding Pattern

Promoters56.5%

FIIs1.22%

DIIs0.49%

Public41.79%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	72.18%	72.18%	72.18%	61.73%▼10.5	60.87%▼0.9	59.36%▼1.5	56.77%▼2.6	56.5%▼0.3
FIIs	0%	0%	0.13%▲0.1	0.52%▲0.4	0.48%▼0.0	1.17%▲0.7	1.28%▲0.1	1.22%▼0.1
DIIs	0%	0%	0%	0%	0%	0%	0.19%▲0.2	0.49%▲0.3
Public	27.76%	27.76%	27.63%▼0.1	37.69%▲10.1	38.66%▲1.0	39.47%▲0.8	41.76%▲2.3	41.79%▲0.0

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	9	6	9	10	6	6	14	24	28	38
Expenses	3	2	3	3	4	7	4	3	4	5
Operating Profit	7	4	6	6	2	-1	10	20	24	33
OPM %	72%	69%	67%	65%	36%	-23%	74%	85%	86%	87%
Net Profit	6	3	5	5	1	-2	8	15	17	27
EPS ₹	0.56	0.29	0.48	0.49	0.13	-0.17	0.7	1.2	1.36	4.86

AI Insights

Revenue Trend

Mar 2026 revenue at ₹103Cr, up 281.5% YoY. OPM at 85%.

Debt Position

Borrowings at ₹22Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Institutional Flow

DIIs: 0.49% (+0.49pp change). FIIs: 1.22% (+1.22pp change). Promoters hold 56.5%.

Margin & Efficiency

ROCE improving from 8% (Mar 2015) to 36% (Mar 2026). Working capital days: 7.

Valuation

PE 43.9x with 36% ROCE. Price is 419% above book value of ₹51.6. Dividend yield: 0.04%.