Palash Securities Ltd
Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business[1]
- Market Cap ₹ 119 Cr.
- Current Price ₹ 119
- 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
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.34% 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: | 31% |
3 Years: | 10% |
1 Year: | -19% |
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 | 689 |
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 | 689 |
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 | 25 | |
Inventory Days | 259 | 294 | 276 | 345 | 166 | 190 | 258 | 167 | 274 | |
Days Payable | 106 | 106 | 108 | 164 | 96 | 126 | 137 | 160 | 167 | |
Cash Conversion Cycle | 180 | 225 | 213 | 240 | 116 | 111 | 138 | 46 | 131 | |
Working Capital Days | 60 | 151 | 82 | 95 | 105 | 90 | 85 | 35 | 59 | |
ROCE % | 19% | 10% | 4% | -0% | -5% | -2% | -2% | -2% | -3% |
Documents
Announcements
-
Record Date/Cut-Off Date For 11Th Annual General Meeting Of The Company
14m - AGM Sep 24, 2025; approve sale 7,44,700 Morton shares at ₹25 (₹1.86 crore); RPTs up to ₹15 crore.
-
Book Closure For AGM
11m - AGM Sep 24, 2025; sell 7,44,700 Morton shares at Rs25 (₹1.86cr); approve related-party ICDs up to ₹15cr.
-
Reg. 34 (1) Annual Report.
4h - Annual Report and audited FY2024-25 financials filed; standalone PAT Rs.471.79 lakh, consolidated loss Rs.1,765.19 lakh; AGM Sept 24, 2025.
-
Intimation Of 11Th Annual General Meeting Of The Company
4h - AGM Sept 24, 2025; book closure Sept 18-24; approval to sell 7,44,700 Morton shares for Rs1.86Cr; RPTs up to Rs15Cr.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Aug - Copy of Newspaper Publication dated 29th August, 2025 relaing to 11th Annual General Meeting (AGM) of the Company
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