Summit Securities Ltd
Summit Securities Ltd is a non-deposit taking NBFC registered with RBI and is engaged in the business of investments in shares and securities.[1]
- Market Cap ₹ 1,505 Cr.
- Current Price ₹ 1,381
- High / Low ₹ 1,508 / 601
- Stock P/E 50.2
- Book Value ₹ 3,241
- Dividend Yield 0.00 %
- ROCE 1.00 %
- ROE 0.82 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.43 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -21.2% over past five years.
- Company has a low return on equity of 0.75% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 13 | 6 | 9 | 17 | 3 | 86 | 14 | 31 | 15 | 30 | 26 | 41 | |
| 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 7 | 2 | 3 | 2 | 3 | |
| Operating Profit | 6 | 11 | 5 | 8 | 16 | 1 | 84 | 12 | 24 | 13 | 27 | 24 | 38 |
| OPM % | 90% | 83% | 88% | 87% | 92% | 52% | 98% | 85% | 79% | 86% | 91% | 91% | 93% |
| 1 | -0 | -0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 1 | -0 | 0 | |
| Interest | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 | 0 |
| Depreciation | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 7 | 10 | 5 | 8 | 16 | 2 | 84 | 12 | 24 | 13 | 28 | 24 | 38 |
| Tax % | 3% | 20% | 4% | 1% | 1% | -202% | 11% | 1% | -4% | 33% | 29% | 18% | |
| 7 | 8 | 5 | 8 | 16 | 6 | 75 | 12 | 25 | 9 | 20 | 19 | 30 | |
| EPS in Rs | 6.49 | 7.49 | 4.59 | 7.22 | 14.40 | 5.16 | 69.24 | 10.91 | 23.36 | 7.94 | 18.19 | 17.82 | 27.51 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -21% |
| 3 Years: | -6% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | -24% |
| 3 Years: | -9% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 18% |
| 3 Years: | 39% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 395 | 403 | 408 | 416 | 431 | 437 | 513 | 1,790 | 1,181 | 2,234 | 2,325 | 2,383 | 3,522 |
| -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
| 8 | 7 | 10 | 10 | 10 | 4 | 4 | 164 | 80 | 220 | 231 | 237 | 387 | |
| Total Liabilities | 413 | 421 | 429 | 437 | 453 | 452 | 527 | 1,965 | 1,271 | 2,465 | 2,567 | 2,631 | 3,920 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 401 | 410 | 426 | 433 | 443 | 448 | 519 | 1,961 | 1,260 | 2,461 | 2,554 | 2,617 | 3,908 |
| 12 | 10 | 3 | 4 | 10 | 4 | 8 | 3 | 11 | 3 | 13 | 14 | 12 | |
| Total Assets | 413 | 421 | 429 | 437 | 453 | 452 | 527 | 1,965 | 1,271 | 2,465 | 2,567 | 2,631 | 3,920 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 7 | 13 | 8 | 16 | 1 | -5 | 12 | 28 | -1 | 16 | 19 | |
| -32 | -9 | -16 | -7 | -9 | -7 | 2 | -9 | -21 | -6 | -6 | -18 | |
| -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
| Net Cash Flow | 2 | -2 | -2 | 1 | 6 | -6 | -3 | 3 | 7 | -7 | 10 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Inventory Days | -0 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Working Capital Days | -126 | -31 | -547 | -383 | -205 | -373 | 17 | -82 | -36 | -74 | -29 | -33 |
| ROCE % | 2% | 3% | 1% | 2% | 4% | 0% | 17% | 1% | 2% | 1% | 1% | 1% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8h
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
23 Apr - Our wholly owned subsidiary, Instant Holdings Limited ("Instant") has entered into an agreement (hereinafter referred as " Memorandum of Understanding or: "MOU") with Kojak Knits …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliance Certificate Under Regulation 40(9) Of SEBI (LODR) 2015 For The Year Ended On 31.03.2024. 17 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2008
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Corporate Background
Summit Securities Limited (formerly RPG Itochu Finance Limited) was originally incorporated in India in 1997.The Co. has obtained registration as a NBFC from RBI. Pursuant to a scheme of arrangement between erstwhile Summit Securities Limited and Brabourne Enterprises Limited (Brabourne) and Octav Investments Limited (Octav) and CHI Investments Limited (CHI) and the Co., the Co. took over the entire assets and liabilities of CHI, erstwhile Summit, Brabourne and Octav with effect from the appointed date of the Scheme of arrangement i.e. March 31, 2009. The assets taken over were predominantly the investments held by the transferor companies in various listed and unlisted companies. [1]