Indo Thai Securities Ltd

About

Indo Thai Securities is engaged in the Business of Security and commodity contracts brokerage and Other Financial Service Activities.

  • Market Cap 104 Cr.
  • Current Price 104
  • High / Low 109 / 19.0
  • Stock P/E 6.67
  • Book Value 55.3
  • Dividend Yield 0.96 %
  • ROCE 31.6 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 515.13 to 58.83 days.

Cons

  • The company has delivered a poor sales growth of -15.03% over past five years.
  • Company has a low return on equity of -1.27% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
5.83 -1.43 1.64 1.83 2.60 3.60 2.51 2.37 4.99 8.27 6.27 8.55
0.52 4.27 0.91 2.47 1.60 1.86 16.66 1.15 1.30 1.28 1.53 1.39
Operating Profit 5.31 -5.70 0.73 -0.64 1.00 1.74 -14.15 1.22 3.69 6.99 4.74 7.16
OPM % 91.08% 44.51% -34.97% 38.46% 48.33% -563.75% 51.48% 73.95% 84.52% 75.60% 83.74%
Other Income 0.29 -0.46 0.05 0.52 -0.34 0.07 0.32 0.10 0.23 0.33 0.49 0.16
Interest 0.15 0.24 0.31 0.23 0.30 0.38 0.44 0.19 0.31 0.19 0.14 0.11
Depreciation 0.13 0.15 0.19 0.16 0.18 0.20 0.23 0.18 0.18 0.20 0.20 0.15
Profit before tax 5.32 -6.55 0.28 -0.51 0.18 1.23 -14.50 0.95 3.43 6.93 4.89 7.06
Tax % 14.47% 35.42% 314.29% 3.92% 0.00% 50.41% 23.17% -13.68% -10.20% 27.85% 93.46% 6.66%
Net Profit 4.51 -4.36 -0.57 -0.49 0.18 0.61 -11.15 1.09 3.73 5.00 0.32 6.60
EPS in Rs 4.51 -4.36 -0.57 -0.49 0.18 0.61 -11.15 1.09 3.73 5.00 0.32 6.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
6 10 21 37 49 45 58 8 9 22 28
5 10 20 33 42 46 45 8 21 5 6
Operating Profit 1 0 2 4 7 -1 13 -0 -12 17 23
OPM % 14% 3% 8% 11% 14% -1% 22% -4% -128% 77% 80%
Other Income -0 0 0 0 0 5 0 0 1 1 1
Interest 0 0 0 0 0 0 1 1 1 1 1
Depreciation 0 0 0 0 1 1 1 1 1 1 1
Profit before tax 0 -0 1 4 6 3 11 -2 -14 16 22
Tax % 36% -17% 26% 18% -0% -3% 23% 25% 20% 37%
Net Profit 0 -0 1 3 6 3 9 -1 -11 10 16
EPS in Rs 0.20 -0.07 0.86 2.96 6.31 3.29 8.73 -1.31 -10.85 10.16 15.65
Dividend Payout % 0% 0% 0% 34% 16% 30% 11% -76% 0% 10%
Compounded Sales Growth
10 Years: %
5 Years: -15%
3 Years: -28%
TTM: 153%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 5%
TTM: 269%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 41%
1 Year: 344%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: -1%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10 10 10 10 10 10 10 10 10 10
Reserves 26 26 27 30 35 37 46 47 35 45
Borrowings 0 3 3 4 0 0 5 8 8 1
3 3 7 9 4 10 15 18 18 22
Total Liabilities 39 42 47 53 49 57 75 83 70 79
2 3 3 3 6 3 10 10 10 11
CWIP 0 0 0 2 0 0 0 0 0 0
Investments 13 7 12 11 7 7 7 15 3 15
23 32 32 37 36 47 59 58 57 53
Total Assets 39 42 47 53 49 57 75 83 70 79

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-4 -6 -2 -11 -8 0 7 4 13 4
-11 9 -3 5 13 5 -5 -0 -14 4
26 3 -1 1 -6 -1 3 -1 -2 -7
Net Cash Flow 11 5 -6 -5 -1 4 6 3 -3 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 122 163 75 98 81 100 138 1,063 423 59
Inventory Days 25 45 105 59
Days Payable 257 138 66 16
Cash Conversion Cycle -109 163 -18 137 125 100 138 1,063 423 59
Working Capital Days 37 122 94 131 143 167 137 439 229 -20
ROCE % 1% 4% 9% 15% -3% 23% -1% -21% 32%

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
66.53 69.93 69.93 69.93 69.93 70.89 70.89 70.89 70.89 70.89 70.89 70.89
0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
33.47 30.07 30.07 30.07 30.05 29.11 29.11 29.11 29.11 29.11 29.11 29.11

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