Mathew Easow Research Securities Ltd

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Mathew Easow Res Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Mathew Easow Research Securities Ltd

₹ 12.5 -4.93%
15 Sep - close price
mersl.co.in BSE: 511688
About

Incorporated in 1988, Mathew Easow Research Securities Ltd is in the business of investment
and finance.[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 8.34 Cr.
  • Current Price ₹ 12.5
  • High / Low ₹ 14.8 / 11.1
  • Stock P/E 104
  • Book Value ₹ 21.4
  • Dividend Yield 0.00 %
  • ROCE 4.24 %
  • ROE 0.56 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.58 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 5.41% over past five years.
  • Promoter holding is low: 31.3%
  • Company has a low return on equity of 0.52% 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.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.58 0.61 0.61 120.67 0.40 0.75 0.83 0.60 0.72 0.83 0.72 0.57 0.79
Interest 0.45 0.49 0.47 0.41 0.22 0.35 0.68 0.37 0.29 0.33 0.45 0.36 0.50
0.15 0.11 0.12 120.23 0.15 0.43 0.12 0.21 0.40 0.46 0.25 0.18 0.26
Financing Profit -0.02 0.01 0.02 0.03 0.03 -0.03 0.03 0.02 0.03 0.04 0.02 0.03 0.03
Financing Margin % -3.45% 1.64% 3.28% 0.02% 7.50% -4.00% 3.61% 3.33% 4.17% 4.82% 2.78% 5.26% 3.80%
0.05 0.01 -0.00 0.01 -0.00 0.07 -0.00 -0.00 -0.00 -0.00 -0.00 0.01 -0.00
Depreciation -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Profit before tax 0.03 0.02 0.02 0.04 0.03 0.04 0.03 0.02 0.03 0.04 0.02 0.04 0.03
Tax % 33.33% -0.00% -0.00% 25.00% 33.33% 25.00% 33.33% -0.00% 33.33% 25.00% -0.00% 25.00% 33.33%
0.02 0.01 0.01 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.01 0.03 0.02
EPS in Rs 0.03 0.02 0.02 0.03 0.03 0.05 0.03 0.03 0.03 0.03 0.02 0.05 0.03
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
11.59 9.23 1.59 4.11 3.48 4.79 2.19 2.45 2.31 14.48 2.60 2.85 2.91
Interest 0.01 0.01 0.07 0.89 1.00 0.07 0.75 1.59 1.71 1.82 1.63 1.42 1.64
9.91 8.28 1.32 2.51 2.04 4.60 1.25 1.66 0.67 12.62 0.91 1.31 1.15
Financing Profit 1.67 0.94 0.20 0.71 0.44 0.12 0.19 -0.80 -0.07 0.04 0.06 0.12 0.12
Financing Margin % 14.41% 10.18% 12.58% 17.27% 12.64% 2.51% 8.68% -32.65% -3.03% 0.28% 2.31% 4.21% 4.12%
-0.01 -0.00 -0.00 -0.00 0.02 0.15 -0.00 1.03 0.16 0.06 0.07 -0.00 0.01
Depreciation 0.05 0.05 0.05 0.07 0.13 0.12 0.10 0.05 0.02 0.02 0.01 0.01 0.00
Profit before tax 1.61 0.89 0.15 0.64 0.33 0.15 0.09 0.18 0.07 0.08 0.12 0.11 0.13
Tax % 31.68% 38.20% 33.33% 29.69% 45.45% 13.33% -22.22% 44.44% 28.57% 25.00% 25.00% 27.27%
1.10 0.55 0.10 0.46 0.18 0.14 0.11 0.11 0.04 0.06 0.08 0.08 0.08
EPS in Rs 1.65 0.83 0.15 0.69 0.27 0.21 0.17 0.17 0.06 0.09 0.12 0.12 0.13
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: -11%
5 Years: 5%
3 Years: 7%
TTM: 0%
Compounded Profit Growth
10 Years: -18%
5 Years: -6%
3 Years: 26%
TTM: -11%
Stock Price CAGR
10 Years: -19%
5 Years: 11%
3 Years: 21%
1 Year: 2%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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 5.66 6.21 6.31 6.77 6.99 7.13 7.24 7.34 7.39 7.45 7.53 7.61
Borrowing 0.14 0.10 6.61 11.72 69.69 15.89 31.24 34.22 31.95 23.25 21.98 21.83
0.70 0.41 0.79 0.61 0.33 0.16 0.51 0.21 0.04 0.11 0.19 0.24
Total Liabilities 13.15 13.37 20.36 25.75 83.66 29.83 45.64 48.42 46.03 37.46 36.35 36.33
0.39 0.34 0.29 0.47 0.34 0.35 0.26 0.13 0.11 0.10 0.08 0.07
CWIP 0.01 -0.00 -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
12.75 13.03 20.07 25.28 83.32 29.48 45.38 48.29 45.92 37.36 36.27 36.26
Total Assets 13.15 13.37 20.36 25.75 83.66 29.83 45.64 48.42 46.03 37.46 36.35 36.33

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.13 -0.04 -5.56 -4.41 -57.05 53.97 -14.83 -2.56 4.06 10.38 2.91 1.53
-0.16 0.01 -0.01 -0.25 0.01 -0.13 -0.01 1.11 0.01 0.02 0.01 0.01
0.06 -0.05 6.43 4.23 56.96 -53.87 14.61 1.39 -3.97 -10.52 -2.90 -1.58
Net Cash Flow -0.22 -0.08 0.87 -0.42 -0.08 -0.03 -0.23 -0.06 0.09 -0.13 0.02 -0.04
Free Cash Flow -0.29 -0.03 -5.57 -4.66 -57.05 53.83 -14.84 -1.46 4.06 10.38 2.91 1.53
CFO/OP -3% 56% -1,952% -268% -3,949% 28,458% -1,567% -308% 252% 558% 173% 116%

Ratios

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 9.43% 4.37% 0.77% 3.49% 1.33% 1.02% 0.80% -6.17% 0.29% 0.43% 0.57% 0.56%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Impairment Allowance on Loans
INR Lakhs

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Loans and Advances Written Off
INR Lakhs
Net Loan Portfolio
INR Lakhs
Number of Permanent Employees
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28% 31.28%
0.00% 0.00% 0.00% 0.00% 0.00% 0.61% 0.61% 0.61% 0.61% 0.61% 0.61% 0.61%
68.72% 68.71% 68.72% 68.71% 68.72% 68.11% 68.11% 68.11% 68.11% 68.10% 68.10% 68.10%
No. of Shareholders 3,3073,3743,4083,4513,4663,4663,4693,4693,4653,4603,4623,462

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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