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Swing Capital

Palash Securities Ltd

NSE: PALASHSECU BSE: 540648

Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business[1]

₹95
52W: ₹79 — ₹148
PE 40.3 · Book ₹38.5 · +147% vs book
Market Cap₹95 Cr
Stock P/E40.3Price to Earnings
ROCE9.4%Return on Capital
ROE6.32%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company is almost debt free.

Weaknesses

  • −Stock is trading at 2.54 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 4.54% over past five years.
  • −Company has a low return on equity of 7.12% over last 3 years.

Shareholding Pattern

Promoters72.18%
FIIs0%
DIIs0.7%
Public27.11%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.18%72.18%72.18%72.18%72.18%72.18%72.18%72.18%
FIIs0%0%0%0%0%0%0%0%
DIIs0.75%0.75%0.7%▼0.10.7%0.7%0.7%0.7%0.7%
Public27.07%27.06%▼0.027.12%▲0.127.11%▼0.027.11%27.12%▲0.027.12%27.11%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0.040.040.055.080.010.90.013.610.050.04
Expenses0.030.070.110.090.040.110.150.070.130.17
Operating Profit0.01-0.03-0.064.99-0.030.79-0.143.54-0.08-0.13
OPM %25%-75%-120%98.23%-300%87.78%-1400%98.06%-160%-325%
Net Profit0.070.040.023.810.020.87-0.062.710-0.29
EPS ₹0.070.040.023.810.020.87-0.062.710-0.29

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3.72Cr, down 38.4% YoY. OPM at 86.02%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1.31Cr (298% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.7% (-0.05pp change). FIIs: 0% (+0.00pp change). Promoters hold 72.18%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 9.4% (Mar 2026). Working capital days: 6.87.

Valuation

PE 40.3x with 9.4% ROCE. Price is 147% above book value of ₹38.5. Dividend yield: 0%.

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