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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indo Thai Securities Ltd

About the Company -Indo Thai Securities Ltd

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. 19.85 Cr. and Equity Capital is Rs. 10.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsCapital Tower, 2nd Floor, Indore Madhya Pradesh 452010indothaigroup@indothai.co.in
http://www.indothai.co.in
Management
NamePosition Held
Mr. Parasmal DoshiChairman & Wholetime Director
Mr. Dhanpal DoshiManaging Director & CEO
Mr. Rajendra BandiWhole-Time Director (Operations)
Mr. Om Prakash GaubaIndependent Director
Mr. Sunil Kumar SoniIndependent Director
Mrs. Shobha Santosh ChoudharyIndependent Director

Basic Stock Data of Indo Thai Securities Ltd

Last Updated: June 25, 2024, 10:38 pm

Market Cap 284 Cr.
Current Price 284
High / Low373/189
Stock P/E18.6
Book Value 73.0
Dividend Yield0.35 %
ROCE28.1 %
ROE23.3 %
Face Value 10.0
PEG Ratio0.30

Indo Thai Securities Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8.276.278.556.372.212.811.8610.002.532.176.928.509.28
Expenses1.281.531.391.462.222.697.972.262.4612.362.652.923.10
Operating Profit6.994.747.164.91-0.010.12-6.117.740.07-10.194.275.586.18
OPM %84.52%75.60%83.74%77.08%-0.45%4.27%-328.49%77.40%2.77%-469.59%61.71%65.65%66.59%
Other Income0.330.490.160.050.060.160.140.130.160.240.200.250.49
Interest0.190.140.110.180.240.330.350.040.080.090.150.170.17
Depreciation0.200.200.150.150.150.160.120.130.130.140.120.120.13
Profit before tax6.934.897.064.63-0.34-0.21-6.447.700.02-10.184.205.546.37
Tax %27.85%93.46%6.66%22.68%2.94%14.29%4.81%10.39%1,150.00%24.85%26.43%21.84%14.91%
Net Profit5.000.326.603.59-0.33-0.19-6.136.90-0.22-7.653.104.345.41
EPS in Rs5.000.326.603.59-0.33-0.19-6.136.90-0.22-7.653.104.345.41

Last Updated: June 10, 2024, 1:03 pm

Indo Thai Securities Ltd Quarterly Chart

Indo Thai Securities Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5.969.9821.3337.2849.4445.4458.167.679.3721.9019.777.5920.12
Expenses5.159.6419.5733.1842.4145.9945.297.9521.365.127.4916.3220.39
Operating Profit0.810.341.764.107.03-0.5512.87-0.28-11.9916.7812.28-8.73-0.27
OPM %13.59%3.41%8.25%11.00%14.22%-1.21%22.13%-3.65%-127.96%76.62%62.11%-115.02%-1.34%
Other Income-0.150.030.020.000.014.730.030.230.571.150.420.630.85
Interest0.220.300.470.310.170.170.861.121.420.990.930.330.49
Depreciation0.110.130.130.190.560.830.650.590.770.760.610.530.51
Profit before tax0.33-0.061.183.606.313.1811.39-1.76-13.6116.1811.16-8.96-0.42
Tax %36.36%-16.67%26.27%18.06%-0.16%-3.46%23.35%25.00%20.28%37.21%13.26%20.09%
Net Profit0.20-0.070.862.966.313.298.73-1.31-10.8510.169.68-7.14-0.43
EPS in Rs0.20-0.070.862.966.313.298.73-1.31-10.8510.169.93-6.53-0.43
Dividend Payout %0.00%0.00%0.00%33.78%15.85%30.40%11.45%-76.34%0.00%9.84%10.07%-9.19%

Indo Thai Securities Ltd Profit & Loss Yearly Chart

Indo Thai Securities Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:32%
3 Years:13%
TTM:312%
Compounded Profit Growth
10 Years:33%
5 Years:69%
3 Years:15%
TTM:334%
Stock Price CAGR
10 Years:30%
5 Years:61%
3 Years:77%
1 Year:12%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:10%
Last Year:23%

Last Updated: June 25, 2024, 5:08 pm

Indo Thai Securities Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.00
Reserves25.9625.8926.7629.6534.7636.8445.5747.1935.0345.3354.2648.5455.73
Borrowings0.083.222.624.160.000.005.197.777.600.812.013.632.95
Other Liabilities2.852.887.228.703.809.9014.7017.7317.7822.4742.4744.9452.68
Total Liabilities38.8941.9946.6052.5148.5656.7475.4682.6970.4178.61108.74107.11121.36
Fixed Assets2.302.912.872.725.713.329.529.9610.2810.6311.5111.3912.86
CWIP0.000.000.451.840.000.000.000.000.000.000.000.000.00
Investments13.236.8111.5711.186.916.797.2714.872.6924.4535.1421.178.02
Other Assets23.3632.2731.7136.7735.9446.6358.6757.8657.4443.5362.0974.55100.48
Total Assets38.8941.9946.6052.5148.5656.7475.4682.6970.4178.61108.74107.11121.36

Indo Thai Securities Ltd Reserves and Borrowings Chart

Indo Thai Securities Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3.68-6.42-2.45-11.10-8.210.327.274.1013.134.364.881.35
Cash from Investing Activity -11.318.67-2.775.2212.804.66-4.66-0.46-14.093.77-8.53-1.57
Cash from Financing Activity 26.202.84-1.071.26-5.54-1.383.30-0.73-1.76-7.11-0.600.40
Net Cash Flow11.215.09-6.29-4.62-0.953.615.922.91-2.711.02-4.250.18

Indo Thai Securities Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1637598811001381,0634235949138151
Inventory Days4510559
Days Payable1386616
Cash Conversion Cycle163-181371251001381,0634235949138151
Working Capital Days10594131143167136439229-180-567-1,250-233
ROCE %1%4%9%15%-3%23%-1%-21%32%20%-13%

Indo Thai Securities Ltd Financial Efficiency Indicators Chart

Indo Thai Securities Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.89%70.89%72.18%72.18%72.18%72.18%72.18%72.18%72.18%72.18%72.18%72.18%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%0.05%0.05%0.05%0.05%
Public29.11%29.11%27.82%27.82%27.82%27.81%27.77%27.78%27.78%27.78%27.77%27.77%
No. of Shareholders3,3453,0904,3664,2684,2064,2363,9643,9843,9463,8533,8554,263

Indo Thai Securities Ltd Shareholding Pattern Chart

No. of Indo Thai Securities Ltd Shareholders

This stock is not held by any mutual fund

Indo Thai Securities Ltd ROCE Trend

Indo Thai Securities Ltd EPS Trend

Indo Thai Securities Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.36-7.159.6710.18-10.85
Diluted EPS (Rs.)15.36-7.159.6710.18-10.85
Cash EPS (Rs.)15.83-6.6210.2810.93-10.08
Book Value[Excl.RevalReserv]/Share (Rs.)75.0561.2364.2455.3345.03
Book Value[Incl.RevalReserv]/Share (Rs.)75.0561.2364.2455.3345.03
Revenue From Operations / Share (Rs.)31.287.5619.7521.909.37
PBDIT / Share (Rs.)21.06-8.2012.6117.78-11.49
PBIT / Share (Rs.)20.54-8.7212.0017.02-12.26
PBT / Share (Rs.)19.66-8.9511.1416.18-13.60
Net Profit / Share (Rs.)15.31-7.159.6710.16-10.85
NP After MI And SOA / Share (Rs.)15.31-7.159.6810.16-10.85
PBDIT Margin (%)67.32-108.4163.8381.18-122.59
PBIT Margin (%)65.66-115.3560.7377.69-130.77
PBT Margin (%)62.85-118.4556.4173.87-145.14
Net Profit Margin (%)48.93-94.5448.9346.40-115.72
NP After MI And SOA Margin (%)48.93-94.5448.9946.40-115.72
Return on Networth / Equity (%)20.97-12.2015.0618.36-24.08
Return on Capital Employeed (%)26.77-14.0618.5030.23-26.56
Return On Assets (%)12.59-6.678.9012.92-15.40
Long Term Debt / Equity (X)0.000.010.000.010.01
Total Debt / Equity (X)0.080.060.020.010.16
Asset Turnover Ratio (%)0.270.000.210.290.12
Current Ratio (X)2.301.992.162.962.14
Quick Ratio (X)2.171.732.162.532.00
Dividend Payout Ratio (NP) (%)0.00-13.990.000.00-9.22
Dividend Payout Ratio (CP) (%)0.00-15.100.000.00-9.92
Earning Retention Ratio (%)0.00113.990.000.00109.22
Cash Earning Retention Ratio (%)0.00115.100.000.00109.92
Interest Coverage Ratio (X)23.96-34.9614.7621.26-8.53
Interest Coverage Ratio (Post Tax) (X)18.41-29.4912.3113.15-7.05
Enterprise Value (Cr.)228.18158.88349.0823.72-5.64
EV / Net Operating Revenue (X)7.2921.0217.671.08-0.60
EV / EBITDA (X)10.83-19.3927.681.330.49
MarketCap / Net Operating Revenue (X)8.9227.6220.132.511.57
Retention Ratios (%)0.00113.990.000.00109.22
Price / BV (X)3.823.576.190.990.32
Price / Net Operating Revenue (X)8.9227.6220.132.511.57
EarningsYield0.05-0.030.020.18-0.73

Indo Thai Securities Ltd Profitability Ratios (%)

Indo Thai Securities Ltd Liquidity Ratios

Indo Thai Securities Ltd Liquidity Ratios (%)

Indo Thai Securities Ltd Interest Coverage Ratios (%)

Indo Thai Securities Ltd Valuation Ratios

Fair Value

Fair Value: 317.47

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 11.79% compared to the current price 284

Intrinsic Value: 516.70

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 81.94% compared to the current price ₹284

Last 5 Year EPS CAGR: 62.75%

*Investments are subject to market risks

Strength and Weakness of Indo Thai Securities Ltd Stock

StrengthWeakness
  1. The company has higher reserves (39.35 cr) compared to borrowings (3.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (24.15 cr) and profit (2.19 cr) over the years.
  1. The stock has a low average ROCE of 5.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 38.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 122.17, which may not be favorable.

FAQ

What is the latest fair value of Indo Thai Securities Ltd?

The latest fair value of Indo Thai Securities Ltd is ₹317.47.

What is the Market Cap of Indo Thai Securities Ltd?

The Market Cap of Indo Thai Securities Ltd is 284 Cr..

What is the current Stock Price of Indo Thai Securities Ltd as on 25 June 2024?

The current stock price of Indo Thai Securities Ltd as on 25 June 2024 is ₹284.

What is the High / Low of Indo Thai Securities Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indo Thai Securities Ltd stocks is 373/189.

What is the Stock P/E of Indo Thai Securities Ltd?

The Stock P/E of Indo Thai Securities Ltd is 18.6.

What is the Book Value of Indo Thai Securities Ltd?

The Book Value of Indo Thai Securities Ltd is 73.0.

What is the Dividend Yield of Indo Thai Securities Ltd?

The Dividend Yield of Indo Thai Securities Ltd is 0.35 %.

What is the ROCE of Indo Thai Securities Ltd?

The ROCE of Indo Thai Securities Ltd is 28.1 %.

What is the ROE of Indo Thai Securities Ltd?

The ROE of Indo Thai Securities Ltd is 23.3 %.

What is the Face Value of Indo Thai Securities Ltd?

The Face Value of Indo Thai Securities Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indo Thai Securities Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE