Summit Securities Ltd

Summit Securitie Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Summit Securities Ltd

₹ 1,367 -4.21%
06 Dec 1:33 p.m.
summitsecurities.net BSE: 533306 NSE : SUMMITSEC
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,490 Cr.
  • Current Price ₹ 1,367
  • High / Low ₹ 1,508 / 518
  • Stock P/E 26.6
  • Book Value ₹ 7,163
  • Dividend Yield 0.00 %
  • ROCE 0.98 %
  • ROE 0.77 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.20 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 -18.6% over past five years.
  • Company has a low return on equity of 0.81% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
5 9 9 6 62 2 7 25 23 3 7 11 53
1 1 1 1 1 1 4 8 1 1 1 1 1
Operating Profit 4 8 8 5 61 1 4 17 22 2 6 11 52
OPM % 79% 93% 90% 88% 98% 49% 49% 69% 96% 75% 80% 94% 98%
0 0 0 0 1 0 0 0 0 0 0 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 4 8 8 5 61 1 4 17 22 2 6 11 52
Tax % 39% 20% 29% 28% 29% 34% 26% 30% 29% -99% 15% 22% 27%
2 6 5 4 44 1 3 12 16 4 5 8 38
EPS in Rs 1.99 5.95 5.01 3.34 40.20 0.65 2.43 10.94 14.36 3.89 4.65 7.67 35.15
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
15 19 15 26 53 5 141 38 82 29 74 51 75
1 3 2 2 3 3 3 3 12 3 4 4 4
Operating Profit 13 16 13 25 51 3 138 35 70 26 70 47 71
OPM % 92% 86% 89% 94% 95% 54% 98% 92% 86% 89% 95% 93% 95%
0 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 13 16 13 25 51 3 138 35 70 26 71 47 71
Tax % 7% 14% 2% 0% 1% -107% 12% 2% -2% 29% 29% 21%
13 13 13 25 50 7 121 34 72 18 51 37 56
EPS in Rs 11.54 12.27 11.76 22.61 45.93 6.35 111.26 31.62 66.09 16.79 46.63 33.99 51.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: -19%
3 Years: -15%
TTM: 32%
Compounded Profit Growth
10 Years: 11%
5 Years: -21%
3 Years: -20%
TTM: 81%
Stock Price CAGR
10 Years: 33%
5 Years: 21%
3 Years: 43%
1 Year: 115%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 406 419 435 460 511 518 639 3,661 2,289 4,925 4,471 5,095 7,798
0 0 0 0 0 0 17 0 0 0 0 0 0
8 7 10 10 9 4 23 347 161 499 455 534 892
Total Liabilities 425 437 456 481 531 533 690 4,019 2,461 5,435 4,936 5,640 8,701
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 409 425 452 475 494 522 667 4,012 2,427 5,426 4,903 5,612 8,678
16 12 4 5 37 11 24 7 34 9 33 28 22
Total Assets 425 437 456 481 531 533 690 4,019 2,461 5,435 4,936 5,640 8,701

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 12 21 24 48 2 31 -4 80 -1 47 38
3 -16 -25 -22 -18 -30 -37 10 -54 -23 -22 -43
0 0 -0 0 0 0 -0 0 0 0 0 0
Net Cash Flow 4 -4 -3 2 30 -28 -6 6 25 -25 25 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 1 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0
Days Payable
Cash Conversion Cycle 1 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -60 -22 -225 -121 -48 42 1 -30 -19 -53 -19 -30
ROCE % 3% 4% 3% 5% 10% 1% 23% 2% 2% 1% 2% 1%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
74.65% 74.65% 74.65% 74.65% 74.65% 74.65% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64%
0.93% 0.98% 1.11% 0.93% 0.94% 0.92% 0.63% 0.61% 0.59% 0.56% 0.60% 0.57%
2.12% 1.77% 1.76% 0.60% 0.48% 0.48% 0.43% 0.35% 0.35% 0.35% 0.35% 0.21%
22.30% 22.60% 22.48% 23.82% 23.93% 23.95% 24.29% 24.39% 24.40% 24.43% 24.40% 24.57%
No. of Shareholders 50,43549,47449,07749,20949,25151,74950,94750,23449,45648,87548,09248,294

* 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

Annual reports