Indo Thai Securities Ltd

Indo Thai Securities Ltd

₹ 331 1.19%
23 Feb - close price
About

Incorporated in 1995, Indo Thai Securities
Ltd is in the business as stock and share brokers[1]

Key Points

Business Overview:[1]
ITSL is a focal company of Indo Thai
Group of 16 companies which provides services to corporate clients, individuals
and retail investors, in over 60 locations
in India

  • Market Cap 331 Cr.
  • Current Price 331
  • High / Low 373 / 189
  • Stock P/E 63.6
  • Book Value 65.7
  • Dividend Yield 0.30 %
  • ROCE -13.2 %
  • ROE -10.6 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.03 times its book value
  • The company has delivered a poor sales growth of -33.4% over past five years.
  • Company has a low return on equity of 7.77% over last 3 years.
  • Debtor days have increased from 81.8 to 138 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.27 6.27 8.55 6.37 2.21 2.81 1.86 10.00 2.53 2.17 6.92 8.50 9.28
1.28 1.53 1.39 1.46 2.22 2.69 7.97 2.26 2.46 12.36 2.65 2.92 3.10
Operating Profit 6.99 4.74 7.16 4.91 -0.01 0.12 -6.11 7.74 0.07 -10.19 4.27 5.58 6.18
OPM % 84.52% 75.60% 83.74% 77.08% -0.45% 4.27% -328.49% 77.40% 2.77% -469.59% 61.71% 65.65% 66.59%
0.33 0.49 0.16 0.05 0.06 0.16 0.14 0.13 0.16 0.24 0.20 0.25 0.49
Interest 0.19 0.14 0.11 0.18 0.24 0.33 0.35 0.04 0.08 0.09 0.15 0.17 0.17
Depreciation 0.20 0.20 0.15 0.15 0.15 0.16 0.12 0.13 0.13 0.14 0.12 0.12 0.13
Profit before tax 6.93 4.89 7.06 4.63 -0.34 -0.21 -6.44 7.70 0.02 -10.18 4.20 5.54 6.37
Tax % 27.85% 93.46% 6.66% 22.68% 2.94% 14.29% 4.81% 10.39% 1,150.00% 24.85% 26.43% 21.84% 14.91%
5.00 0.32 6.60 3.59 -0.33 -0.19 -6.13 6.90 -0.22 -7.65 3.10 4.34 5.41
EPS in Rs 5.00 0.32 6.60 3.59 -0.33 -0.19 -6.13 6.90 -0.22 -7.65 3.10 4.34 5.41
Raw PDF

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 Mar 2022 Mar 2023 TTM
5.96 9.98 21.33 37.28 49.44 45.44 58.16 7.67 9.37 21.90 19.77 7.59 26.87
5.15 9.64 19.57 33.18 42.41 45.99 45.29 7.95 21.36 5.12 7.49 16.32 21.03
Operating Profit 0.81 0.34 1.76 4.10 7.03 -0.55 12.87 -0.28 -11.99 16.78 12.28 -8.73 5.84
OPM % 13.59% 3.41% 8.25% 11.00% 14.22% -1.21% 22.13% -3.65% -127.96% 76.62% 62.11% -115.02% 21.73%
-0.15 0.03 0.02 0.00 0.01 4.73 0.03 0.23 0.57 1.15 0.42 0.63 1.18
Interest 0.22 0.30 0.47 0.31 0.17 0.17 0.86 1.12 1.42 0.99 0.93 0.33 0.58
Depreciation 0.11 0.13 0.13 0.19 0.56 0.83 0.65 0.59 0.77 0.76 0.61 0.53 0.51
Profit before tax 0.33 -0.06 1.18 3.60 6.31 3.18 11.39 -1.76 -13.61 16.18 11.16 -8.96 5.93
Tax % 36.36% -16.67% 26.27% 18.06% -0.16% -3.46% 23.35% 25.00% 20.28% 37.21% 13.26% 20.09%
0.20 -0.07 0.86 2.96 6.31 3.29 8.73 -1.31 -10.85 10.16 9.68 -7.14 5.20
EPS in Rs 0.20 -0.07 0.86 2.96 6.31 3.29 8.73 -1.31 -10.85 10.16 9.93 -6.53 5.20
Dividend Payout % 0.00% 0.00% 0.00% 33.78% 15.85% 30.40% 11.45% -76.34% 0.00% 9.84% 10.07% -9.19%
Compounded Sales Growth
10 Years: -3%
5 Years: -33%
3 Years: -7%
TTM: 56%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 1344%
Stock Price CAGR
10 Years: 40%
5 Years: 62%
3 Years: 82%
1 Year: 11%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: 8%
Last Year: -11%

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 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Reserves 25.96 25.89 26.76 29.65 34.76 36.84 45.57 47.19 35.03 45.33 54.26 48.54 55.73
0.08 3.22 2.62 4.16 0.00 0.00 5.19 7.77 7.60 0.81 2.01 3.63 2.95
2.85 2.88 7.22 8.70 3.80 9.90 14.70 17.73 17.78 22.47 42.47 44.94 52.68
Total Liabilities 38.89 41.99 46.60 52.51 48.56 56.74 75.46 82.69 70.41 78.61 108.74 107.11 121.36
2.30 2.91 2.87 2.72 5.71 3.32 9.52 9.96 10.28 10.63 11.51 11.39 12.86
CWIP 0.00 0.00 0.45 1.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 13.23 6.81 11.57 11.18 6.91 6.79 7.27 14.87 2.69 24.45 35.14 21.17 8.02
23.36 32.27 31.71 36.77 35.94 46.63 58.67 57.86 57.44 43.53 62.09 74.55 100.48
Total Assets 38.89 41.99 46.60 52.51 48.56 56.74 75.46 82.69 70.41 78.61 108.74 107.11 121.36

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 Mar 2022 Mar 2023
-3.68 -6.42 -2.45 -11.10 -8.21 0.32 7.27 4.10 13.13 4.36 4.88 1.35
-11.31 8.67 -2.77 5.22 12.80 4.66 -4.66 -0.46 -14.09 3.77 -8.53 -1.57
26.20 2.84 -1.07 1.26 -5.54 -1.38 3.30 -0.73 -1.76 -7.11 -0.60 0.40
Net Cash Flow 11.21 5.09 -6.29 -4.62 -0.95 3.61 5.92 2.91 -2.71 1.02 -4.25 0.18

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 Mar 2022 Mar 2023
Debtor Days 122.48 163.48 75.46 98.50 80.99 99.76 138.13 1,063.12 423.43 58.83 48.93 137.54
Inventory Days 25.44 45.35 105.07 59.44
Days Payable 256.90 138.45 66.08 15.89
Cash Conversion Cycle -108.98 163.48 -17.63 137.48 124.53 99.76 138.13 1,063.12 423.43 58.83 48.93 137.54
Working Capital Days 37.36 104.60 93.60 130.51 143.00 167.00 136.18 439.24 229.05 -179.83 -566.79 -1,250.33
ROCE % 0.64% 4.20% 9.40% 14.63% -2.62% 22.77% -1.02% -20.73% 31.57% 19.75% -13.16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.89% 70.89% 70.89% 72.18% 72.18% 72.18% 72.18% 72.18% 72.18% 72.18% 72.18% 72.18%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.05% 0.05%
29.11% 29.11% 29.11% 27.82% 27.82% 27.82% 27.81% 27.77% 27.78% 27.78% 27.78% 27.77%
No. of Shareholders 3,4943,3453,0904,3664,2684,2064,2363,9643,9843,9463,8533,855

* 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.

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