Palash Securities Ltd
Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business[1]
- Market Cap ₹ 115 Cr.
- Current Price ₹ 115
- High / Low ₹ 199 / 104
- Stock P/E
- Book Value ₹ 587
- Dividend Yield 0.00 %
- ROCE -2.53 %
- ROE -2.37 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.20 times its book value
- Company is expected to give good quarter
- Market value of investments Rs.452 Cr. is more than the Market Cap Rs.115 Cr.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.36% over past five years.
- Company has a low return on equity of -2.64% 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.
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 47 | 43 | 45 | 46 | 59 | 54 | 53 | 41 | 49 | 56 | |
0 | 38 | 35 | 39 | 47 | 70 | 66 | 65 | 52 | 63 | 70 | |
Operating Profit | -0 | 9 | 8 | 6 | -1 | -11 | -12 | -11 | -11 | -15 | -14 |
OPM % | 19% | 19% | 14% | -2% | -19% | -22% | -22% | -28% | -30% | -26% | |
0 | 0 | 0 | 1 | 0 | 0 | 2 | 1 | 0 | 1 | 1 | |
Interest | 0 | 5 | 3 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | -0 | 4 | 5 | 6 | -2 | -12 | -13 | -15 | -14 | -18 | -17 |
Tax % | 0% | 2% | 2% | 7% | 21% | 3% | -34% | 12% | 10% | 1% | |
-0 | 4 | 5 | 6 | -2 | -13 | -9 | -16 | -16 | -18 | -17 | |
EPS in Rs | 3.83 | 5.19 | 5.63 | -1.94 | -12.83 | -8.55 | -15.57 | -9.62 | -12.66 | -12.01 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | -3% |
TTM: | 42% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -19% |
TTM: | -59% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 10% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -3% |
Last Year: | -2% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | -0 | 42 | 47 | 241 | 152 | 268 | 538 | 375 | 473 | 577 |
0 | 43 | 6 | 6 | 10 | 23 | 23 | 22 | 30 | 24 | |
0 | 8 | 8 | 8 | 13 | 13 | 30 | 27 | 47 | 78 | |
Total Liabilities | 0 | 103 | 71 | 265 | 186 | 314 | 602 | 434 | 560 | 690 |
0 | 3 | 3 | 3 | 3 | 47 | 48 | 47 | 46 | 47 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
Investments | 0 | 39 | 34 | 219 | 134 | 222 | 521 | 349 | 486 | 609 |
0 | 60 | 34 | 43 | 49 | 45 | 33 | 38 | 28 | 33 | |
Total Assets | 0 | 103 | 71 | 265 | 186 | 314 | 602 | 434 | 560 | 690 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0 | -1 | 25 | 6 | -6 | -8 | 1 | -13 | -12 | -5 | |
0 | 4 | 14 | 5 | -3 | -4 | -0 | 0 | -3 | -3 | |
0 | 0 | -38 | -2 | 4 | 11 | -2 | 18 | 6 | 16 | |
Net Cash Flow | -0 | 3 | 1 | 9 | -6 | -0 | -2 | 5 | -10 | 8 |
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 | 27 | 37 | 45 | 59 | 47 | 46 | 17 | 39 | 24 | |
Inventory Days | 259 | 294 | 276 | 345 | 166 | 190 | 258 | 167 | 286 | |
Days Payable | 106 | 106 | 108 | 164 | 96 | 126 | 137 | 160 | 167 | |
Cash Conversion Cycle | 180 | 225 | 213 | 240 | 116 | 111 | 138 | 46 | 144 | |
Working Capital Days | 60 | 151 | 82 | 95 | 105 | 90 | 85 | 36 | 64 | |
ROCE % | 19% | 10% | 4% | -0% | -5% | -2% | -2% | -2% | -3% |
Documents
Announcements
-
Closure of Trading Window
1d - Trading window closed 1 Oct 2025 until 48 hours after declaration of results for quarter ending 30 Sep 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1d
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
24 Sep - AGM Sep 24, 2025: approved sale of Morton Foods (material subsidiary); all resolutions passed; consolidated audit qualified.
-
Letter To Shareholders
3 Sep - Letters sent to shareholders without registered emails linking to 11th AGM notice and 2024-25 Annual Report.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Sep - Notice of 11th Annual General Meeting - Copy of Newspaper Publication
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