Mathew Easow Research Securities Ltd
₹ 11.4
-3.05%
01 Aug
- close price
About
Incorporated in 1988, Mathew Easow Research Securities Ltd is in the business of investment
and finance.[1]
Key Points
- Market Cap ₹ 7.61 Cr.
- Current Price ₹ 11.4
- High / Low ₹ 13.6 / 9.20
- Stock P/E 95.1
- Book Value ₹ 21.3
- Dividend Yield 0.00 %
- ROCE 4.76 %
- ROE 0.57 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.54 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -11.6% over past five years.
- Promoter holding is low: 31.3%
- Company has a low return on equity of 0.43% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.55 | 11.59 | 9.23 | 1.59 | 4.11 | 3.48 | 4.79 | 2.19 | 2.45 | 2.31 | 14.48 | 2.59 | |
1.44 | 9.91 | 8.28 | 1.32 | 2.51 | 2.04 | 4.60 | 1.25 | 1.66 | 0.67 | 12.62 | 0.90 | |
Operating Profit | 0.11 | 1.68 | 0.95 | 0.27 | 1.60 | 1.44 | 0.19 | 0.94 | 0.79 | 1.64 | 1.86 | 1.69 |
OPM % | 7.10% | 14.50% | 10.29% | 16.98% | 38.93% | 41.38% | 3.97% | 42.92% | 32.24% | 71.00% | 12.85% | 65.25% |
0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.15 | 0.00 | 1.03 | 0.16 | 0.06 | 0.07 | |
Interest | 0.01 | 0.01 | 0.01 | 0.07 | 0.89 | 1.00 | 0.07 | 0.75 | 1.59 | 1.71 | 1.82 | 1.63 |
Depreciation | 0.03 | 0.05 | 0.05 | 0.05 | 0.07 | 0.13 | 0.12 | 0.10 | 0.05 | 0.02 | 0.02 | 0.01 |
Profit before tax | 0.07 | 1.61 | 0.89 | 0.15 | 0.64 | 0.33 | 0.15 | 0.09 | 0.18 | 0.07 | 0.08 | 0.12 |
Tax % | 85.71% | 31.68% | 38.20% | 33.33% | 29.69% | 45.45% | 13.33% | -22.22% | 44.44% | 28.57% | 25.00% | 25.00% |
0.02 | 1.10 | 0.55 | 0.10 | 0.46 | 0.18 | 0.14 | 0.11 | 0.11 | 0.04 | 0.06 | 0.08 | |
EPS in Rs | 0.03 | 1.65 | 0.83 | 0.15 | 0.69 | 0.27 | 0.21 | 0.17 | 0.17 | 0.06 | 0.09 | 0.12 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -14% |
5 Years: | -12% |
3 Years: | 2% |
TTM: | -82% |
Compounded Profit Growth | |
---|---|
10 Years: | -23% |
5 Years: | -11% |
3 Years: | 28% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | -25% |
5 Years: | 5% |
3 Years: | 11% |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -1% |
3 Years: | 0% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 | 6.65 |
Reserves | 4.57 | 5.66 | 6.21 | 6.31 | 6.77 | 6.99 | 7.13 | 7.24 | 7.34 | 7.39 | 7.45 | 7.53 |
0.06 | 0.14 | 0.10 | 6.61 | 11.72 | 69.69 | 15.89 | 31.24 | 34.22 | 31.95 | 23.25 | 21.98 | |
0.28 | 0.70 | 0.41 | 0.79 | 0.61 | 0.33 | 0.16 | 0.51 | 0.21 | 0.04 | 0.11 | 0.19 | |
Total Liabilities | 11.56 | 13.15 | 13.37 | 20.36 | 25.75 | 83.66 | 29.83 | 45.64 | 48.42 | 46.03 | 37.46 | 36.35 |
0.29 | 0.39 | 0.34 | 0.29 | 0.47 | 0.34 | 0.35 | 0.26 | 0.13 | 0.11 | 0.10 | 0.08 | |
CWIP | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
11.26 | 12.75 | 13.03 | 20.07 | 25.28 | 83.32 | 29.48 | 45.38 | 48.29 | 45.92 | 37.36 | 36.27 | |
Total Assets | 11.56 | 13.15 | 13.37 | 20.36 | 25.75 | 83.66 | 29.83 | 45.64 | 48.42 | 46.03 | 37.46 | 36.35 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.03 | -0.13 | -0.04 | -5.56 | -4.41 | -57.05 | 53.97 | -14.83 | -2.56 | 4.06 | 10.38 | 2.91 | |
0.00 | -0.16 | 0.01 | -0.01 | -0.25 | 0.01 | -0.13 | -0.01 | 1.11 | 0.01 | 0.02 | 0.01 | |
-0.02 | 0.06 | -0.05 | 6.43 | 4.23 | 56.96 | -53.87 | 14.61 | 1.39 | -3.97 | -10.52 | -2.90 | |
Net Cash Flow | 0.01 | -0.22 | -0.08 | 0.87 | -0.42 | -0.08 | -0.03 | -0.23 | -0.06 | 0.09 | -0.13 | 0.02 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Days | 907.74 | 156.92 | 0.46 | 126.63 | 378.15 | 295.31 | 31,363.93 | 0.61 | ||||
Days Payable | 0.00 | 0.00 | 0.00 | 0.00 | 3.29 | 3.54 | 0.00 | 2.13 | ||||
Cash Conversion Cycle | 966.61 | 156.92 | 0.46 | 0.00 | 126.63 | 374.86 | 291.76 | 31,363.93 | 0.00 | 0.00 | -1.52 | 0.00 |
Working Capital Days | 2,510.26 | 376.02 | 497.87 | 2,715.69 | 1,110.10 | -7,223.43 | -794.77 | 1,960.00 | 1,854.80 | 1,992.49 | 4.03 | -1.41 |
ROCE % | 0.71% | 13.74% | 7.08% | 1.35% | 6.84% | 2.45% | 0.39% | 2.25% | 1.59% | 3.78% | 4.56% | 4.76% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Compliance certificate for share dematerialization for quarter ended June 30, 2025.
-
Closure of Trading Window
26 Jun - Trading window closed from July 1, 2025, till 48 hours post Q1 June 30, 2025 results.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th May, 2025
27 May - Audited financial results for FY ended March 31, 2025 approved; unmodified audit opinion received.
-
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (LODR) Regulations, 2015
19 May - Board meeting on May 27, 2025 to approve audited financial results; trading window closed till 48 hours post results.
-
SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26, 2018
Fund Raising By Issuance Of Debt Securities By Large Entities
21 Apr - Company confirms it is not a 'Large Corporate' per SEBI's fund raising circular.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1][2]
MERSL is in the business of providing financial assistance to corporate entities through loan syndication services. The company facilitates funding from various bodies corporate, banks, and financial institutions, enabling clients to secure sizeable capital arrangements. In addition to its core syndication services, the company also operates in the share trading domain. The company is registered as a non-deposit accepting Non-Banking Financial Company.