Khandwala Securities Ltd
Incorporated in 1993, Khandwala Securities Ltd is in the business of stock broking and investment banking, investment advisory, portfolio management services and depository participants
- Market Cap ₹ 33.4 Cr.
- Current Price ₹ 21.9
- High / Low ₹ 32.5 / 18.8
- Stock P/E
- Book Value ₹ 18.7
- Dividend Yield 0.00 %
- ROCE -14.5 %
- ROE -15.5 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
- Debtor days have improved from 287 to 137 days.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -4.71% over last 3 years.
* 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 Capital Markets Stockbroking & Allied
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.40 | 4.14 | 3.81 | 3.64 | 2.87 | 3.74 | 6.23 | 6.45 | 8.70 | 10.29 | 8.42 | |
| 3.60 | 4.91 | 4.04 | 5.44 | 6.15 | 4.45 | 5.29 | 5.36 | 7.95 | 14.45 | 9.86 | |
| Operating Profit | -0.20 | -0.77 | -0.23 | -1.80 | -3.28 | -0.71 | 0.94 | 1.09 | 0.75 | -4.16 | -1.44 |
| OPM % | -5.88% | -18.60% | -6.04% | -49.45% | -114.29% | -18.98% | 15.09% | 16.90% | 8.62% | -40.43% | -17.10% |
| 0.09 | 0.82 | 0.03 | 2.46 | 0.75 | 0.03 | 0.12 | 0.04 | -0.00 | 4.84 | 1.09 | |
| Interest | 0.32 | 0.35 | 0.28 | 0.23 | 0.82 | 0.74 | 0.71 | 0.34 | 0.27 | 0.11 | 0.14 |
| Depreciation | 0.29 | 0.30 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.34 | 0.33 |
| Profit before tax | -0.72 | -0.60 | -0.77 | 0.15 | -3.63 | -1.70 | 0.06 | 0.50 | 0.17 | 0.23 | -0.82 |
| Tax % | -1.39% | 1.67% | -1.30% | -26.67% | -1.10% | -2.94% | -100.00% | 10.00% | -5.88% | 447.83% | |
| -0.70 | -0.61 | -0.76 | 0.19 | -3.59 | -1.65 | 0.12 | 0.44 | 0.17 | -0.80 | -1.86 | |
| EPS in Rs | -0.59 | -0.51 | -0.64 | 0.16 | -3.01 | -1.38 | 0.10 | 0.29 | 0.11 | -0.52 | -1.22 |
| Dividend Payout % | -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: | % |
| 5 Years: | 29% |
| 3 Years: | 18% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | % |
| TTM: | -386% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 16% |
| 3 Years: | -16% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -5% |
| Last Year: | -16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 15.25 | 15.25 | 15.25 | 15.25 |
| Reserves | 14.53 | 13.92 | 13.16 | 13.28 | 9.69 | 8.01 | 8.16 | 14.24 | 14.43 | 13.64 | 13.29 |
| 5.08 | 4.92 | 4.84 | 6.39 | 7.74 | 6.94 | 6.47 | 2.64 | 1.55 | 1.50 | 2.86 | |
| 8.52 | 7.82 | 10.30 | 15.24 | 10.52 | 14.47 | 20.70 | 11.45 | 16.37 | 12.92 | 20.24 | |
| Total Liabilities | 40.07 | 38.60 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.60 | 43.31 | 51.64 |
| 9.78 | 9.55 | 9.30 | 8.41 | 8.20 | 8.05 | 7.79 | 8.09 | 8.14 | 4.25 | 4.27 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 0.03 | 0.03 | 0.03 | 0.77 | 1.18 | 1.04 | 0.61 | 2.04 | 3.07 | 11.62 | 12.28 |
| 30.26 | 29.02 | 30.91 | 37.67 | 30.51 | 32.27 | 38.87 | 33.45 | 36.39 | 27.44 | 35.09 | |
| Total Assets | 40.07 | 38.60 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.60 | 43.31 | 51.64 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.87 | -1.35 | 0.40 | 3.59 | -3.55 | -0.21 | 3.30 | -7.24 | -1.74 | 4.02 | |
| -0.12 | 0.28 | 0.21 | 2.00 | -0.40 | 0.18 | 0.50 | -1.51 | -1.17 | -3.94 | |
| 0.04 | -0.50 | -0.36 | 1.32 | 0.53 | -1.54 | -1.19 | 8.40 | -0.09 | 0.29 | |
| Net Cash Flow | 3.79 | -1.57 | 0.26 | 6.90 | -3.42 | -1.57 | 2.62 | -0.34 | -3.01 | 0.37 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,050.99 | 865.77 | 875.62 | 894.45 | 1,195.47 | 667.54 | 275.95 | 443.66 | 278.99 | 137.27 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 1,050.99 | 865.77 | 875.62 | 894.45 | 1,195.47 | 667.54 | 275.95 | 443.66 | 278.99 | 137.27 |
| Working Capital Days | 317.76 | 392.33 | 226.09 | -573.57 | -68.68 | -672.42 | -598.76 | 191.84 | -137.19 | -194.03 |
| ROCE % | -0.80% | -1.61% | -4.71% | -9.22% | -3.41% | 2.88% | 2.86% | 1.39% | -14.51% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
9 Dec - Special resolution passed Dec 9, 2025 appointing Mrs. Suzan Vakil; 9,410,710 votes (99.99%) in favour.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, November 10 2025
10 Nov - Unaudited Q2 and H1 results for quarter/half ended Sep 30, 2025 approved Nov 10; Q2 profit Rs24.32 lakh.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 7 Nov
-
Board Meeting Intimation for Considering And Approving Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025
3 Nov - Board meeting on 10 Nov 2025 to approve Sep 30, 2025 unaudited results; trading window closed.
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Disclosure Of Voting Results Of The 32Nd AGM Of The Company Held On Saturday, September 27, 2025
29 Sep - AGM on Sep 27, 2025: all five resolutions passed; director reappointment, statutory and secretarial auditors appointed.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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 nse
Registrations:[1]
Company is registered with SEBI as a Member of BSE and NSE. It is also registered as a Depository Participant with CDSL