Indo Thai Securities Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Indo Thai Securities Ltd?

Indo Thai Securities Ltd is trading at 248.00 as of 09 July 2026, with a FY2026-2027 high of 470 and low of 144. The stock is currently in the middle of its 52-week range. Market cap stands at 3,217 Cr..

Q: Is Indo Thai Securities Ltd financially healthy?

Key indicators: ROCE of 34.6 % indicates efficient capital utilization. Dividend yield is 0.04 %.

Q: Is Indo Thai Securities Ltd profitable and how is the profit trend?

Indo Thai Securities Ltd reported a net profit of 8 Cr in Mar 2025 on revenue of 27 Cr. Compared to 10 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹576.23Undervalued by 132.35%vs CMP ₹248.00

P/E (48.6) × ROE (28.6%) × BV (₹51.80) × DY (0.04%)

₹192.74Overvalued by 22.28%vs CMP ₹248.00

MoS: -28.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹720.23	23%	Under (+190.4%)
Graham Number	Earnings	₹59.33	17%	Over (-76.1%)
Earnings Power	Earnings	₹2.36	11%	Over (-99%)
DCF	Cash Flow	₹68.05	11%	Over (-72.6%)
Net Asset Value	Assets	₹21.89	7%	Over (-91.2%)
EV/EBITDA	Enterprise	₹6.09	9%	Over (-97.5%)
Earnings Yield	Earnings	₹30.20	7%	Over (-87.8%)
ROCE Capital	Returns	₹60.01	9%	Over (-75.8%)
Revenue Multiple	Revenue	₹2.08	6%	Over (-99.2%)
Consensus (9 models)		₹192.74	100%	Overvalued

Key Drivers: Wide model spread (₹2–₹720) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.0%

*Investments are subject to market risks

Analyst Summary

Indo Thai Securities Ltd operates in the Finance & Investments segment, current market price is ₹248.00, market cap is 3,217 Cr.. At a glance, stock P/E is 48.6, ROE is 28.6 %, ROCE is 34.6 %, book value is 51.8, dividend yield is 0.04 %. The latest intrinsic value estimate is ₹192.74, around 22.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹27 Cr versus the prior period change of -12.9%, while latest net profit is about ₹8 Cr with a prior-period change of -46.7%. The 52-week range shown on this page is 470/144, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIndo Thai Securities Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(C…

This summary is generated from the stock page data available for Indo Thai Securities Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Indo Thai Securities Ltd scores 81/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health88/100 · Strong

ROCE 34.6% ExcellentROE 28.6% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money45/100 · Moderate

FII holding up 0.76% (6mo) Slight increasePromoter decreased by 2.59% CautionShareholders up 43% Retail surge

Earnings Quality65/100 · Strong

OPM expanding (-26% → 55%) Improving

Quarterly Momentum100/100 · Strong

Revenue (4Q): +132% YoY AcceleratingProfit (4Q): +185% YoY StrongOPM: 84.0% (up 54.0% YoY) Margin expansion

Industry Rank90/100 · Strong

P/E 48.6 vs industry 80.1 Cheaper than peersROCE 34.6% vs industry 10.9% Above peersROE 28.6% vs industry 11.6% Above peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: July 2, 2026, 9:17 pm

Market Cap	3,217 Cr.
Current Price	248
Intrinsic Value	₹192.74
High / Low	470/144
Stock P/E	48.6
Book Value	51.8
Dividend Yield	0.04 %
ROCE	34.6 %
ROE	28.6 %
Face Value	1.00
PEG Ratio	1.94

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Indo Thai Securities Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indo Thai Securities Ltd	3,217 Cr.	248	470/144	48.6	51.8	0.04 %	34.6 %	28.6 %	1.00
Dhani Services Ltd	3,317 Cr.	51.1	71.6/50.4	97.8	47.0	0.00 %	1.39 %	1.81 %	2.00
Monarch Networth Capital Ltd	2,767 Cr.	348	399/235	15.3	123	0.29 %	27.7 %	20.5 %	10.0
Rane Holdings Ltd	2,480 Cr.	1,735	1,835/981	28.5	808	2.19 %	9.57 %	7.69 %	10.0
Kalyani Investment Company Ltd	2,331 Cr.	5,404	6,555/4,011	63.4	26,095	0.00 %	0.49 %	0.37 %	10.0
Industry Average	6,974.16 Cr	1,210.32		80.13	3,649.36	0.40%	10.86%	11.57%	7.23

All Competitor Stocks of Indo Thai Securities Ltd

Quarterly Result

Metric	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
Sales	3	2	7	8	9	7	9	9	6	6	14	24	28
Expenses	2	12	3	3	3	2	3	4	4	8	4	4	4
Operating Profit	0	-10	4	6	6	4	6	6	2	-2	10	20	23
OPM %	3%	-470%	62%	66%	67%	63%	64%	60%	30%	-34%	72%	84%	84%
Other Income	0	0	0	0	0	-0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	0	-10	4	6	6	4	6	6	1	-2	10	19	23
Tax %	1,150%	-25%	26%	22%	15%	31%	16%	19%	21%	9%	12%	26%	25%
Net Profit	-0	-8	3	4	5	2	5	5	1	-3	9	14	17
EPS in Rs	-0.02	-0.76	0.31	0.43	0.54	0.25	0.50	0.45	0.09	-0.22	0.72	1.19	1.33

Last Updated: February 5, 2026, 1:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 1:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	21	37	49	45	58	8	9	22	20	8	31	27	71
Expenses	20	33	42	46	45	8	21	5	7	16	11	15	20
Operating Profit	2	4	7	-1	13	-0	-12	17	12	-9	20	12	51
OPM %	8%	11%	14%	-1%	22%	-4%	-128%	77%	62%	-114%	65%	44%	72%
Other Income	0	0	0	5	0	0	1	1	0	1	1	0	0
Interest	0	0	0	0	1	1	1	1	1	0	1	1	2
Depreciation	0	0	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	1	4	6	3	11	-2	-14	16	11	-9	20	10	50
Tax %	26%	18%	-0%	-3%	23%	-25%	-20%	37%	13%	-20%	22%	24%
Net Profit	1	3	6	3	9	-1	-11	10	10	-7	15	8	37
EPS in Rs	0.09	0.30	0.63	0.33	0.87	-0.13	-1.08	1.02	0.99	-0.65	1.60	0.71	3.02
Dividend Payout %	0%	34%	16%	30%	11%	-76%	0%	10%	10%	-9%	10%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	200.00%	100.00%	-50.00%	200.00%	-111.11%	-1000.00%	190.91%	0.00%	-170.00%	314.29%	-46.67%
Change in YoY Net Profit Growth (%)	0.00%	-100.00%	-150.00%	250.00%	-311.11%	-888.89%	1190.91%	-190.91%	-170.00%	484.29%	-360.95%

Indo Thai Securities Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-3%
5 Years:	23%
3 Years:	10%
TTM:	3%

Compounded Profit Growth
10 Years:	10%
5 Years:	22%
3 Years:	-7%
TTM:	-33%

Stock Price CAGR
10 Years:	56%
5 Years:	146%
3 Years:	112%
1 Year:	218%

Return on Equity
10 Years:	6%
5 Years:	10%
3 Years:	7%
Last Year:	6%

Last Updated: September 5, 2025, 7:25 am

Balance Sheet

Last Updated: July 2, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	10	10	10	10	12	13
Reserves	30	35	37	46	47	35	45	54	49	63	168	271
Borrowings	4	0	0	5	8	8	1	2	4	6	4	25
Other Liabilities	9	4	10	15	18	18	22	42	45	42	45	66
Total Liabilities	53	49	57	75	83	70	79	109	107	122	228	374
Fixed Assets	3	6	3	10	10	10	11	12	11	13	13	14
CWIP	2	0	0	0	0	0	0	0	0	0	0	0
Investments	11	7	7	7	15	3	24	35	21	30	58	157
Other Assets	37	36	47	59	58	57	44	62	75	79	158	203
Total Assets	53	49	57	75	83	70	79	109	107	122	228	374

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-11	-8	0	7	4	13	4	5	1	-3	-22	-34
Cash from Investing Activity +	5	13	5	-5	-0	-14	4	-9	-2	3	-75	-22
Cash from Financing Activity +	1	-6	-1	3	-1	-2	-7	-1	0	0	95	58
Net Cash Flow	-5	-1	4	6	3	-3	1	-4	0	1	-2	2
Free Cash Flow	-13	-10	6	7	4	13	3	3	1	-5	-22	-35
CFO/OP	-255%	-116%	-58%	74%	-1,700%	-110%	27%	50%	-28%	-2%	-159%	-25%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	2.00	0.00	7.00	-1.00	8.00	-8.00	-20.00	16.00	10.00	-13.00	14.00	8.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	75	98	81	100	138	1,063	423	59	49	138	90	251
Inventory Days	45	105	59
Days Payable	138	66	16
Cash Conversion Cycle	-18	137	125	100	138	1,063	423	59	49	138	90	251
Working Capital Days	49	97	143	167	105	126	-39	-180	-567	-1,250	-246	-92
ROCE %	4%	9%	15%	-3%	23%	-1%	-21%	32%	20%	-13%	28%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	61.73%	60.87%	59.36%	56.77%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.52%	0.48%	1.17%	1.28%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%
Government	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.06%	0.05%	0.00%	0.00%	0.00%
Public	27.78%	27.78%	27.78%	27.77%	27.77%	27.76%	27.76%	27.63%	37.69%	38.66%	39.47%	41.76%
No. of Shareholders	3,984	3,946	3,853	3,855	4,263	4,036	4,410	4,835	5,626	5,423	11,112	15,932

Shareholding Pattern Chart

No. of Shareholders

Indo Thai Securities Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	7.67	15.36	-7.15	9.67	10.18
Diluted EPS (Rs.)	7.50	15.36	-7.15	9.67	10.18
Cash EPS (Rs.)	7.27	15.83	-6.62	10.28	10.93
Book Value[Excl.RevalReserv]/Share (Rs.)	153.34	72.99	58.54	64.24	55.33
Book Value[Incl.RevalReserv]/Share (Rs.)	153.34	72.99	58.54	64.24	55.33
Revenue From Operations / Share (Rs.)	22.52	31.28	7.56	19.75	21.90
PBDIT / Share (Rs.)	10.39	21.06	-8.20	12.61	17.78
PBIT / Share (Rs.)	9.86	20.54	-8.72	12.00	17.02
PBT / Share (Rs.)	8.86	19.66	-8.95	11.14	16.18
Net Profit / Share (Rs.)	6.75	15.31	-7.15	9.67	10.16
NP After MI And SOA / Share (Rs.)	7.05	15.93	-7.15	9.68	10.16
PBDIT Margin (%)	46.11	67.32	-108.41	63.83	81.18
PBIT Margin (%)	43.79	65.66	-115.35	60.73	77.69
PBT Margin (%)	39.34	62.85	-118.45	56.41	73.87
Net Profit Margin (%)	29.95	48.93	-94.54	48.93	46.40
NP After MI And SOA Margin (%)	31.31	50.91	-94.54	48.99	46.40
Return on Networth / Equity (%)	4.59	21.82	-12.20	15.06	18.36
Return on Capital Employeed (%)	6.33	26.77	-14.06	18.50	30.23
Return On Assets (%)	3.61	13.10	-6.67	8.90	12.92
Long Term Debt / Equity (X)	0.00	0.00	0.01	0.00	0.01
Total Debt / Equity (X)	0.02	0.08	0.06	0.02	0.01
Asset Turnover Ratio (%)	0.15	0.27	0.00	0.21	0.29
Current Ratio (X)	4.51	2.30	1.99	2.16	2.96
Quick Ratio (X)	4.36	2.17	1.73	2.16	2.53
Inventory Turnover Ratio (X)	4.30	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	7.27	10.04	-13.99	0.00	0.00
Dividend Payout Ratio (CP) (%)	6.77	9.72	-15.10	0.00	0.00
Earning Retention Ratio (%)	92.73	89.96	113.99	0.00	0.00
Cash Earning Retention Ratio (%)	93.23	90.28	115.10	0.00	0.00
Interest Coverage Ratio (X)	10.36	23.96	-34.96	14.76	21.26
Interest Coverage Ratio (Post Tax) (X)	7.73	18.41	-29.49	12.31	13.15
Enterprise Value (Cr.)	2073.81	228.18	158.88	349.08	23.72
EV / Net Operating Revenue (X)	78.75	7.29	21.02	17.67	1.08
EV / EBITDA (X)	170.76	10.83	-19.39	27.68	1.33
MarketCap / Net Operating Revenue (X)	83.10	8.92	27.62	20.13	2.51
Retention Ratios (%)	92.72	89.95	113.99	0.00	0.00
Price / BV (X)	12.21	3.82	3.57	6.19	0.99
Price / Net Operating Revenue (X)	83.10	8.92	27.62	20.13	2.51
EarningsYield	0.00	0.05	-0.03	0.02	0.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indo Thai Securities Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L67120MP1995PLC008959 and registration number is 008959. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company's Total Operating Revenue is Rs. 103.47 Cr. and Equity Capital is Rs. 12.86 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	Capital Tower, 2nd Floor, Indore Madhya Pradesh 452010	Contact not found

Management
Name	Position Held
Mr. Parasmal Doshi	Chairman & Wholetime Director
Mr. Dhanpal Doshi	Managing Director
Mr. Rajendra Bandi	Whole-Time Director (Operations)
Mr. Amber Chaurasia	Independent Director
Mr. Dharmendra Jain	Independent Director
Mrs. Sweta Sharma Pastaria	Independent Director

FAQ

What is the intrinsic value of Indo Thai Securities Ltd and is it undervalued?

As of 09 July 2026, Indo Thai Securities Ltd's intrinsic value is ₹192.74, which is 22.28% lower than the current market price of ₹248.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.6 %), book value (₹51.8), dividend yield (0.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indo Thai Securities Ltd?

Indo Thai Securities Ltd is trading at ₹248.00 as of 09 July 2026, with a FY2026-2027 high of ₹470 and low of ₹144. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,217 Cr..

How does Indo Thai Securities Ltd's P/E ratio compare to its industry?

Indo Thai Securities Ltd has a P/E ratio of 48.6, which is below the industry average of 80.13. This is broadly in line with or below the industry average.

Is Indo Thai Securities Ltd financially healthy?

Key indicators for Indo Thai Securities Ltd: ROCE of 34.6 % indicates efficient capital utilization; ROE of 28.6 % shows strong shareholder returns. Dividend yield is 0.04 %.

Is Indo Thai Securities Ltd profitable and how is the profit trend?

Indo Thai Securities Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹27 Cr. Compared to ₹10 Cr in Mar 2022, the net profit shows a declining trend.

Does Indo Thai Securities Ltd pay dividends?

Indo Thai Securities Ltd has a dividend yield of 0.04 % at the current price of ₹248.00. The company pays dividends, though the yield is modest.