Palash Securities Ltd

₹ 98.1 1.16%

14 May - close price

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 ₹ 95.7 Cr.
Current Price ₹ 98.1
High / Low ₹ 148 / 79.0
Stock P/E 7.54
Book Value ₹ 578
Dividend Yield 0.00 %
ROCE -2.53 %
ROE -2.37 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.17 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.95.7 Cr.

Cons

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.
Earnings include an other income of Rs.24.9 Cr.

* 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Packaged Foods

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	12	11	8	14	9	10	6	16	13	14	14	25	10
	17	16	14	14	11	14	9	15	16	23	16	26	12
Operating Profit	-5	-5	-5	1	-3	-4	-2	0	-3	-9	-2	-0	-2
OPM %	-38%	-48%	-67%	4%	-29%	-42%	-38%	1%	-23%	-68%	-17%	-1%	-22%
	0	0	0	0	0	0	0	0	0	0	0	0	24
Interest	1	1	1	1	1	1	1	1	1	0	1	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-6	-6	-6	-0	-3	-5	-3	-1	-4	-10	-3	-1	22
Tax %	0%	8%	0%	2,580%	3%	0%	2%	248%	-30%	-9%	0%	161%	0%
	-6	-6	-6	-1	-3	-5	-3	-3	-3	-9	-3	-3	22
EPS in Rs	-5.67	-5.54	-4.27	0.26	-2.31	-3.29	-2.22	-1.65	-1.28	-7.51	-1.57	-0.66	22.42
Raw PDF

Upcoming result date: tomorrow

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
	0.00	47.03	43.10	45.37	45.68	58.57	53.99	53.25	40.95	48.88	62.94
	0.03	38.18	35.12	39.13	46.71	69.76	66.03	64.71	52.40	63.46	77.01
Operating Profit	-0.03	8.85	7.98	6.24	-1.03	-11.19	-12.04	-11.46	-11.45	-14.58	-14.07
OPM %		18.82%	18.52%	13.75%	-2.25%	-19.11%	-22.30%	-21.52%	-27.96%	-29.83%	-22.35%
	0.00	0.35	0.41	0.61	0.46	0.49	2.20	0.69	0.41	0.66	24.89
Interest	0.00	5.12	2.90	0.60	0.71	1.43	2.35	2.98	2.58	2.98	2.26
Depreciation	0.00	0.18	0.18	0.17	0.32	0.35	0.77	0.79	0.72	0.60	0.55
Profit before tax	-0.03	3.90	5.31	6.08	-1.60	-12.48	-12.96	-14.54	-14.34	-17.50	8.01
Tax %	0.00%	2.05%	2.45%	7.40%	21.25%	2.80%	-34.03%	11.76%	9.90%	0.86%
	-0.03	3.83	5.19	5.63	-1.94	-12.83	-8.55	-16.25	-15.76	-17.65	7.10
EPS in Rs		3.83	5.19	5.63	-1.94	-12.83	-8.55	-15.57	-9.62	-12.66	12.68
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:	1%
3 Years:	-3%
TTM:	41%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-19%
TTM:	250%

Stock Price CAGR
10 Years:	%
5 Years:	11%
3 Years:	-3%
1 Year:	-23%

Return on Equity
10 Years:	-2%
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	Sep 2025
Equity Capital	0.05	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Reserves	-0.04	41.80	46.99	241.36	152.04	267.93	538.44	374.85	472.81	577.07	568.07
	0.00	42.88	5.85	5.51	10.26	23.27	23.30	22.29	30.21	24.39	40.56
	0.00	7.84	8.47	8.34	13.41	13.17	30.30	27.05	46.85	78.36	74.13
Total Liabilities	0.01	102.52	71.31	265.21	185.71	314.37	602.04	434.19	559.87	689.82	692.76
	0.00	3.22	3.09	3.04	3.28	47.00	47.84	47.17	46.46	47.44	47.69
CWIP	0.00	0.00	0.07	0.00	0.00	0.67	0.00	0.00	0.00	0.00	0.00
Investments	0.00	39.17	34.30	218.76	133.57	222.05	521.34	349.23	485.83	608.94	602.14
	0.01	60.13	33.85	43.41	48.86	44.65	32.86	37.79	27.58	33.44	42.93
Total Assets	0.01	102.52	71.31	265.21	185.71	314.37	602.04	434.19	559.87	689.82	692.76

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
	-0.04	-1.40	25.44	6.21	-6.40	-8.37	1.27	-13.41	-12.14	-4.87
	0.00	4.12	13.88	4.96	-3.36	-3.62	-0.33	0.28	-3.01	-3.13
	0.00	0.44	-38.18	-2.46	3.94	11.49	-2.49	17.97	5.56	15.96
Net Cash Flow	-0.04	3.17	1.14	8.71	-5.82	-0.50	-1.55	4.84	-9.59	7.96
Free Cash Flow	-0.04	-1.98	25.31	6.17	-7.60	-11.99	0.94	-13.53	-12.15	-5.39
CFO/OP	133%	-16%	320%	104%	594%	69%	-17%	110%	94%	27%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	27.47	36.92	44.73	59.21	46.99	46.44	17.07	38.77	24.49
Inventory Days	258.79	294.49	275.92	345.01	165.57	190.18	258.48	166.55	286.46
Days Payable	106.01	106.13	107.85	164.44	96.38	126.06	137.14	159.63	166.65
Cash Conversion Cycle	180.26	225.28	212.79	239.78	116.18	110.56	138.40	45.70	144.30
Working Capital Days	60.46	151.42	81.74	95.17	104.70	89.58	84.52	35.56	64.44
ROCE %	19.05%	10.42%	4.18%	-0.41%	-4.67%	-2.44%	-2.33%	-2.50%	-2.53%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Consolidated Employee Benefit Expenses
INR Lakhs

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Number of Subsidiaries Managed
Units ・Standalone data

Number of Customer Segments Serviced
Segments

Production Volume - Food Processing (Morton)
MT

Intra-group Investment Exposure (Standalone)
INR Lakhs ・Standalone data

Manufacturing Capacity Utilization (Morton)
%

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Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	71.85%	71.85%	71.85%	72.11%	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%
	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.70%	0.70%	0.70%	0.70%	0.70%	0.70%
	27.39%	27.38%	27.39%	27.13%	27.07%	27.06%	27.12%	27.11%	27.11%	27.12%	27.12%	27.11%
No. of Shareholders	7,047	6,966	8,447	7,954	7,573	7,467	8,766	8,747	8,623	8,413	8,276	8,115

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	61.64%	62.17%	65.32%	67.06%	71.69%	71.85%	72.11%	72.18%	72.18%
	3.96%	3.96%	3.69%	3.07%	0.78%	0.75%	0.75%	0.70%	0.70%
	34.41%	33.87%	31.00%	29.87%	27.53%	27.39%	27.13%	27.11%	27.11%
No. of Shareholders	10,086	9,502	9,087	8,352	7,419	6,872	7,954	8,747	8,115

* 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.

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Palash Securities Ltd

Palash Securities Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports