Daulat Securities Ltd

About

Daulat Securities is engaged in the business of Stock Broking and Deposotory Participant.

  • Market Cap 10.5 Cr.
  • Current Price 21.0
  • High / Low 26.4 / 2.91
  • Stock P/E 3.86
  • Book Value 30.4
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.69 times its book value

Cons

  • Company has a low return on equity of 0.79% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
-0.50 -0.11 0.77 -0.35 -0.21 0.02 -0.48 0.56 0.26 0.65 0.30 1.97
0.17 0.15 0.02 0.08 0.16 0.10 0.12 0.12 0.09 0.23 0.23 0.21
Operating Profit -0.67 -0.26 0.75 -0.43 -0.37 -0.08 -0.60 0.44 0.17 0.42 0.07 1.76
OPM % 97.40% -400.00% 78.57% 65.38% 64.62% 23.33% 89.34%
Other Income 0.14 0.09 0.11 0.12 0.12 0.06 0.14 0.04 0.10 0.10 0.10 0.06
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.00 0.00 0.00 0.03 0.00 0.01 0.00 0.03 0.00
Profit before tax -0.54 -0.18 0.85 -0.31 -0.25 -0.02 -0.49 0.48 0.26 0.52 0.14 1.82
Tax % 0.00% 0.00% -1.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.43% 0.00%
Net Profit -0.54 -0.18 0.87 -0.31 -0.25 -0.02 -0.49 0.48 0.26 0.52 0.12 1.82
EPS in Rs -1.08 -0.36 1.74 -0.62 -0.50 -0.04 -0.98 0.96 0.52 1.04 0.24 3.64

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1.31 1.45 0.71 0.65 0.52 0.75 0.68 0.85 0.98 0.47 -0.58 2.12 3.18
0.55 0.63 0.40 0.39 0.34 0.38 0.37 0.37 0.54 0.49 0.46 0.68 0.76
Operating Profit 0.76 0.82 0.31 0.26 0.18 0.37 0.31 0.48 0.44 -0.02 -1.04 1.44 2.42
OPM % 58.02% 56.55% 43.66% 40.00% 34.62% 49.33% 45.59% 56.47% 44.90% -4.26% 67.92% 76.10%
Other Income 0.01 0.01 0.74 0.01 0.01 0.02 0.01 0.01 0.01 0.02 0.00 0.00 0.36
Interest 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
Depreciation 0.04 0.04 0.03 0.04 0.03 0.02 0.02 0.03 0.03 0.03 0.03 0.04 0.04
Profit before tax 0.73 0.79 1.02 0.23 0.16 0.37 0.30 0.46 0.42 -0.03 -1.07 1.40 2.74
Tax % 12.33% 17.72% 19.61% 13.04% 18.75% 13.51% 13.33% 17.39% 26.19% 33.33% 0.00% 2.14%
Net Profit 0.64 0.65 0.82 0.20 0.13 0.32 0.26 0.38 0.31 -0.02 -1.07 1.38 2.72
EPS in Rs 1.28 1.30 1.64 0.40 0.26 0.64 0.52 0.76 0.62 -0.04 -2.14 2.76 5.44
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:4%
5 Years:26%
3 Years:29%
TTM:-2991%
Compounded Profit Growth
10 Years:8%
5 Years:40%
3 Years:65%
TTM:1071%
Stock Price CAGR
10 Years:14%
5 Years:27%
3 Years:31%
1 Year:614%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:1%
Last Year:11%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Jun 2021
5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Reserves 4.29 4.94 5.80 6.01 6.14 6.45 6.72 7.10 7.60 7.47 6.18 8.39 10.21
Borrowings 0.00 0.32 0.05 0.19 0.25 0.05 0.09 0.06 0.04 0.02 0.00 0.04 0.06
1.23 0.56 2.09 0.64 0.37 0.40 1.69 0.64 0.97 1.19 2.53 1.83 2.92
Total Liabilities 10.52 10.82 12.94 11.84 11.76 11.90 13.50 12.80 13.61 13.68 13.71 15.26 18.19
0.57 0.54 0.66 0.62 0.61 0.59 0.70 0.67 0.66 0.66 0.63 0.71 0.72
CWIP 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
Investments 3.24 1.97 2.01 2.37 3.12 4.03 3.71 3.92 3.99 3.43 3.25 3.72 3.61
6.71 8.31 10.27 8.85 8.03 7.28 9.09 8.21 8.96 9.59 9.83 10.83 13.86
Total Assets 10.52 10.82 12.94 11.84 11.76 11.90 13.50 12.80 13.61 13.68 13.71 15.26 18.19

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1.30 -2.23 -0.29 -1.22 0.18 0.67 0.45 -2.10 -0.46 -0.84 -0.68 -0.68
1.04 2.21 1.13 0.21 -0.29 -0.80 0.70 0.47 0.81 0.91 0.80 0.80
0.00 0.00 0.00 0.00 0.00 0.00 -0.95 1.26 -0.18 -0.02 -0.02 -0.02
Net Cash Flow -0.26 -0.02 0.84 -1.01 -0.11 -0.14 0.21 -0.37 0.17 0.05 0.10 0.10

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 61.30 42.79 77.11 56.15 112.31 53.53 48.31 38.65 37.24 108.72 -157.33 30.99
Inventory Days -4,071.64
Days Payable
Cash Conversion Cycle 61.30 42.79 77.11 56.15 112.31 53.53 48.31 38.65 37.24 108.72 -4,228.97 30.99
Working Capital Days 1,315.11 1,417.21 2,601.27 3,599.46 4,183.46 2,666.93 2,549.63 2,507.76 2,420.92 5,296.38 3,675.17 1,093.28
ROCE % 8.14% 8.08% 2.75% 2.09% 1.42% 3.23% 2.57% 3.84% 3.39% -0.24% -9.04% 11.38%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
52.83 52.83 52.83 52.83 52.83 52.83 52.83 52.83 54.20 54.28 54.31 54.31
47.17 47.17 47.17 47.17 47.17 47.17 47.17 47.17 45.80 45.72 45.69 45.69

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