Palash Securities Ltd

₹ 135 -1.14%

03 May 3:43 p.m.

palashsec.com BSE: 540648 NSE : PALASHSECU

About

Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business^[1]

Key Points

Business Overview:^[1]
Company is in the investment business through its Wholly Owned Subsidiaries and holds majority investments in its group companies. It is also in food processing business through its subsidiary Morton Foods Limited (earlier known as Allahabad Canning Limited). Company has a manufacturing unit at Prayagra where it manufactures canned fruits, vegetables and food products like jams, squashes, crushes, vegetable sauces, juices, etc. under the brand Morton. Apart from this, Breakfast cereals, Pasta, Vermicelli are manufactured by 3rd party manufacturer and Morton Foods Ltd markets it under the brand name Morton

Website BSE NSE

Market Cap ₹ 135 Cr.
Current Price ₹ 135
High / Low ₹ 166 / 96.2
Stock P/E 66.0
Book Value ₹ 31.4
Dividend Yield 0.00 %
ROCE 15.4 %
ROE 15.0 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 4.37 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 12.1% 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

Sector: Finance Industry: Finance & Investments

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	0.02	0.02	0.02	0.78	0.02	0.01	0.00	2.40	0.03	2.41	0.07	0.08	0.04
	0.06	0.08	0.10	0.23	0.03	0.08	0.16	0.10	0.03	0.14	0.12	0.10	0.03
Operating Profit	-0.04	-0.06	-0.08	0.55	-0.01	-0.07	-0.16	2.30	0.00	2.27	-0.05	-0.02	0.01
OPM %	-200.00%	-300.00%	-400.00%	70.51%	-50.00%	-700.00%		95.83%	0.00%	94.19%	-71.43%	-25.00%	25.00%
	0.09	0.09	0.09	1.35	0.09	0.09	0.09	0.11	0.10	0.09	0.09	0.09	0.09
Interest	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.03	0.01	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	0.01	-0.01	-0.03	1.86	0.04	-0.02	-0.11	2.37	0.06	2.33	0.00	0.05	0.09
Tax %	0.00%	0.00%	0.00%	0.00%	25.00%	0.00%	0.00%	0.00%	0.00%	17.60%		20.00%	22.22%
	0.01	-0.01	-0.02	1.86	0.04	-0.02	-0.10	2.37	0.07	1.92	0.00	0.05	0.07
EPS in Rs	0.01	-0.01	-0.02	1.86	0.04	-0.02	-0.10	2.37	0.07	1.92	0.00	0.05	0.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	0.00	0.00	0.00	0.01	0.07	0.07	2.98	0.82	4.87	2.60
	0.01	0.03	0.46	0.56	0.27	0.30	0.30	0.44	0.41	0.39
Operating Profit	-0.01	-0.03	-0.46	-0.55	-0.20	-0.23	2.68	0.38	4.46	2.21
OPM %				-5,500.00%	-285.71%	-328.57%	89.93%	46.34%	91.58%	85.00%
	0.00	0.00	0.04	0.21	0.37	0.36	0.35	1.62	0.35	0.36
Interest	0.00	0.00	0.00	0.00	0.20	0.20	0.13	0.11	0.11	0.06
Depreciation	0.00	0.00	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.04
Profit before tax	-0.01	-0.03	-0.44	-0.36	-0.05	-0.09	2.88	1.87	4.68	2.47
Tax %	0.00%	0.00%	0.00%	0.00%	-40.00%	0.00%	0.00%	0.53%	8.76%
	-0.01	-0.03	-0.45	-0.36	-0.07	-0.10	2.88	1.86	4.26	2.04
EPS in Rs			-0.45	-0.36	-0.07	-0.10	2.88	1.86	4.26	2.04
Dividend Payout %	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:	245%
3 Years:	311%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	69%
3 Years:	267%
TTM:	-12%

Stock Price CAGR
10 Years:	%
5 Years:	27%
3 Years:	36%
1 Year:	30%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	12%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0.05	0.05	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Reserves	-0.01	-0.04	10.36	10.00	9.78	9.45	13.04	16.46	20.30	21.37
Preference Capital	0.00	0.00	1.30	1.30	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	2.88	2.98	2.56	2.67	2.59	0.00
	0.02	0.00	1.84	2.46	0.32	0.28	0.14	0.07	0.39	0.49
Total Liabilities	0.06	0.01	22.20	22.46	22.98	22.71	25.74	29.20	33.28	31.86
	0.00	0.00	0.42	0.40	0.45	0.42	0.39	0.37	0.35	0.34
CWIP	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	21.76	21.76	22.34	22.11	22.82	27.87	27.79	28.94
	0.06	0.01	0.02	0.23	0.19	0.18	2.53	0.96	5.14	2.58
Total Assets	0.06	0.01	22.20	22.46	22.98	22.71	25.74	29.20	33.28	31.86

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	0.00	-0.04	-0.01	0.27	0.09	-0.01	2.69	1.67	2.68
	0.00	0.00	0.00	-0.07	0.00	0.00	0.00	-3.48	0.00
	0.01	0.00	0.00	0.00	-0.15	-0.10	-0.50	0.00	-0.20
Net Cash Flow	0.01	-0.04	-0.01	0.20	-0.06	-0.11	2.19	-1.81	2.48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days			0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days
Days Payable
Cash Conversion Cycle			0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days			-6,205.00	-1,407.86	-677.86	22.05	218.11	8.24
ROCE %	-120.00%	-4.06%	-1.68%	0.68%	0.53%	12.53%	7.24%	15.45%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	67.06%	68.96%	70.17%	71.69%	71.85%	71.85%	71.85%	71.85%	71.85%	71.85%	71.85%	72.11%
	0.78%	0.78%	0.78%	0.78%	0.78%	0.78%	0.78%	0.75%	0.75%	0.75%	0.75%	0.75%
	32.16%	30.26%	29.05%	27.53%	27.37%	27.37%	27.37%	27.39%	27.39%	27.38%	27.39%	27.13%
No. of Shareholders	7,759	7,552	7,624	7,419	7,123	7,019	7,000	6,872	7,047	6,966	8,447	7,954

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	61.64%	62.17%	65.32%	67.06%	71.69%	71.85%	72.11%
	3.96%	3.96%	3.69%	3.07%	0.78%	0.75%	0.75%
	34.41%	33.87%	31.00%	29.87%	27.53%	27.39%	27.13%
No. of Shareholders	10,086	9,502	9,087	8,352	7,419	6,872	7,954

* 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

All

Palash Securities Ltd

Palash Securities Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports