Khandwala Securities Ltd
NSE: KHANDSE BSE: 531892Finance
Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.[1]
₹16.3
52W: ₹12.2 — ₹29.9
PE 0 · Book ₹19.4 · -16% vs bookMarket Cap₹24.8 Cr
Stock P/E—Price to Earnings
ROCE14.2%Return on Capital
ROE15.2%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.78 times its book value
- +Debtor days have improved from 286 to 137 days.
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of -4.61% over last 3 years.
Shareholding Pattern
Promoters48.73%
FIIs0%
DIIs0%
Public51.26%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 47.97% | 47.98%▲0.0 | 48.14%▲0.2 | 48.25%▲0.1 | 48.27%▲0.0 | 48.27% | 48.3%▲0.0 | 48.73%▲0.4 |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 52.04% | 52.02%▼0.0 | 51.85%▼0.2 | 51.75%▼0.1 | 51.73%▼0.0 | 51.73% | 51.7%▼0.0 | 51.26%▼0.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.6 | 2.16 | 2.83 | 2.52 | 3.14 | 2.7 | 1.18 | 1.14 | 3.4 | 1.06 |
| Expenses | 1.36 | 1.81 | 3.05 | 1.97 | 7.64 | 2.44 | 2.41 | 1.78 | 3.23 | 2.07 |
| Operating Profit | 0.24 | 0.35 | -0.22 | 0.55 | -4.5 | 0.26 | -1.23 | -0.64 | 0.17 | -1.01 |
| OPM % | 15% | 16.2% | -7.77% | 21.83% | -143.31% | 9.63% | -104.24% | -56.14% | 5% | -95.28% |
| Net Profit | 0.11 | 0.27 | -0.34 | 0.48 | 0.24 | 0.54 | -2.05 | -0.59 | 0.24 | -0.49 |
| EPS ₹ | 0.07 | 0.18 | -0.22 | 0.31 | 0.16 | 0.35 | -1.34 | -0.39 | 0.16 | -0.32 |
AI Insights
Revenue Trend
TTM revenue at ₹6.78Cr, down 34.1% YoY. OPM at -39.97%.
Debt Position
Borrowings at ₹1.5Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 48.73%.
Margin & Efficiency
ROCE declining from 0.64% (Mar 2014) to -14.22% (Mar 2025). Working capital days: -198.64.
Recent Announcements
- Board Meeting Intimation for Consideration And Approving The Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31 2026 14 May - Board meeting on 21 May 2026 to approve audited Q4 and FY26 financial results; trading window closed.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 9 Apr - Khandwala Securities confirms it is not a SEBI 'Large Corporate'.
- Annual Disclosures Under Regulation 31(4) Of SEBI (SAST) Regulations, 2011 7 Apr - Promoters disclosed no encumbrance on pledged shares for FY ended March 31, 2026.
- Closure of Trading Window 24 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
- Outcome Of Separate Meeting Of Independent Directors Held On 24Th March 2026 24 Mar - Independent Directors met March 24, 2026; reviewed non-independent directors, chairperson performance and board information flow.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse