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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Khandwala Securities Ltd

About the Company - Khandwala Securities Ltd

Khandwala Securities Ltd. is a Public Limited Listed company incorporated on 09/02/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67120MH1993PLC070709 and registration number is 070709. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company’s Total Operating Revenue is Rs. 6.10 Cr. and Equity Capital is Rs. 11.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsGround Floor, Vikas Building, Mumbai Maharashtra 400023investorgrievances@kslindia.com
https://kslindia.com
Management
NamePosition Held
Mr. Paresh J KhandwalaManaging Director
Mr. Pranav KhandwalaWholeTime Director & CFO
Mr. Pratik KhandwalaNon Executive Director
Mrs. Bhagyashree KhandwalaNon Executive Director
Mr. Homiar N VakilIndependent Director
Mr. Shyam M SeshadriIndependent Director

Khandwala Securities Ltd. Share Price Update

Share PriceValue
Today₹29.20
Previous Day₹30.19

Basic Stock Data of Khandwala Securities Ltd

Market Cap 49.2 Cr.
Current Price 32.2
High / Low41.0/21.9
Stock P/E
Book Value 19.9
Dividend Yield0.00 %
ROCE2.80 %
ROE1.73 %
Face Value 10.0

Data Source: screener.in

Khandwala Securities Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.600.711.431.541.121.152.290.740.783.381.361.931.60
Expenses0.741.361.681.221.111.431.521.061.241.341.721.731.36
Operating Profit-0.14-0.65-0.250.320.01-0.280.77-0.32-0.462.04-0.360.200.24
OPM %-23.33%-91.55%-17.48%20.78%0.89%-24.35%33.62%-43.24%-58.97%60.36%-26.47%10.36%15.00%
Other Income0.690.07-0.660.040.380.09-0.260.261.080.04-1.150.050.04
Interest0.210.180.170.170.200.170.170.130.100.040.070.060.10
Depreciation0.080.080.040.080.080.080.030.080.090.090.040.050.07
Profit before tax0.26-0.84-1.120.110.11-0.440.31-0.270.431.95-1.620.140.11
Tax %-3.85%1.19%0.89%-9.09%-9.09%2.27%-6.45%3.70%-4.65%-1.03%-6.17%-0.00%-0.00%
Net Profit0.27-0.83-1.110.120.12-0.440.32-0.250.451.97-1.720.140.11
EPS in Rs0.23-0.70-0.930.100.10-0.370.27-0.210.301.29-1.130.090.07

Khandwala Securities Ltd Quarterly Chart

Khandwala Securities Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3.873.684.214.923.424.143.813.642.873.746.236.458.27
Expenses5.784.103.873.753.604.914.035.446.154.455.295.366.15
Operating Profit-1.91-0.420.341.17-0.18-0.77-0.22-1.80-3.28-0.710.941.092.12
OPM %-49.35%-11.41%8.08%23.78%-5.26%-18.60%-5.77%-49.45%-114.29%-18.98%15.09%16.90%25.63%
Other Income2.120.720.170.150.070.820.032.460.750.030.120.04-1.02
Interest0.400.330.500.530.320.350.280.230.820.740.710.340.27
Depreciation0.400.330.290.610.290.300.290.280.280.280.290.290.25
Profit before tax-0.59-0.36-0.280.18-0.72-0.60-0.760.15-3.63-1.700.060.500.58
Tax %6.78%2.78%3.57%-38.89%1.39%-1.67%1.32%-26.67%1.10%2.94%-100.00%10.00%
Net Profit-0.55-0.35-0.280.25-0.70-0.61-0.750.19-3.59-1.650.120.440.50
EPS in Rs-0.46-0.29-0.230.21-0.59-0.51-0.630.16-3.01-1.380.100.290.32
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Khandwala Securities Ltd Profit & Loss Yearly Chart

Khandwala Securities Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:11%
3 Years:31%
TTM:-2%
Compounded Profit Growth
10 Years:13%
5 Years:21%
3 Years:29%
TTM:-148%
Stock Price CAGR
10 Years:11%
5 Years:17%
3 Years:34%
1 Year:16%
Return on Equity
10 Years:-3%
5 Years:-5%
3 Years:-2%
Last Year:2%

Khandwala Securities Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11.9411.9411.9411.9411.9411.9411.9411.9411.9411.9411.9415.2515.25
Reserves16.2115.8615.5915.8415.1414.5313.7813.9010.318.648.7914.8715.11
Preference Capital2.002.002.002.002.002.002.001.501.500.000.000.00
Borrowings3.944.015.152.833.082.922.844.896.246.946.472.642.11
Other Liabilities11.8711.6013.118.7710.549.8212.3016.7512.0314.4720.6911.4414.53
Total Liabilities43.9643.4145.7939.3840.7039.2140.8647.4840.5241.9947.8944.2047.00
Fixed Assets8.107.777.546.987.186.966.715.815.605.455.205.495.42
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments3.463.453.453.403.403.403.404.154.554.413.994.314.21
Other Assets32.4032.1934.8029.0030.1228.8530.7537.5230.3732.1338.7034.4037.37
Total Assets43.9643.4145.7939.3840.7039.2140.8647.4840.5241.9947.8944.2047.00

Khandwala Securities Ltd Reserves and Borrowings Chart

Khandwala Securities Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1.48-3.180.41-0.133.90-1.350.403.59-3.55-0.213.30-7.24
Cash from Investing Activity 0.410.340.230.45-0.160.280.212.00-0.400.180.50-0.40
Cash from Financing Activity -2.07-0.251.63-2.890.04-0.50-0.361.320.53-1.54-1.194.76
Net Cash Flow-0.18-3.092.27-2.563.79-1.570.266.90-3.42-1.572.62-2.88

Khandwala Securities Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,106.321,313.211,246.72889.501,044.84864.89875.62893.451,194.20667.54275.36443.09
Inventory Days
Days Payable
Cash Conversion Cycle1,106.321,313.211,246.72889.501,044.84864.89875.62893.451,194.20667.54275.36443.09
Working Capital Days336.71528.65542.73504.47298.83379.99213.64-586.61-86.48-685.11-606.38177.12
ROCE %-0.52%-0.09%0.64%2.11%-1.24%-0.79%-1.55%-4.62%-9.03%-3.34%2.81%2.80%

Khandwala Securities Ltd Financial Efficiency Indicators Chart

Khandwala Securities Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters60.70%60.77%60.79%60.82%60.88%60.90%60.90%47.67%47.67%47.67%47.69%47.76%
Public39.30%39.23%39.21%39.18%39.12%39.10%39.10%52.33%52.33%52.33%52.30%52.25%
No. of Shareholders2,7702,6072,5912,7212,9263,3743,2053,1393,5063,4713,6073,626

Khandwala Securities Ltd Shareholding Pattern Chart

No. of Khandwala Securities Ltd Shareholders

This stock is not held by any mutual fund

Khandwala Securities Ltd ROCE Trend

Khandwala Securities Ltd EPS Trend

Khandwala Securities Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.290.10-1.38-3.010.16
Diluted EPS (Rs.)0.290.10-1.38-3.010.16
Cash EPS (Rs.)0.480.33-1.15-2.770.39
Book Value[Excl.RevalReserv]/Share (Rs.)19.3316.8416.7118.1121.12
Book Value[Incl.RevalReserv]/Share (Rs.)19.3316.8416.7118.1121.12
Revenue From Operations / Share (Rs.)4.115.113.012.292.81
PBDIT / Share (Rs.)0.730.88-0.57-2.120.55
PBIT / Share (Rs.)0.540.64-0.80-2.350.32
PBT / Share (Rs.)0.320.05-1.42-3.040.12
Net Profit / Share (Rs.)0.290.09-1.38-3.000.15
NP After MI And SOA / Share (Rs.)0.290.09-1.38-3.000.15
PBDIT Margin (%)18.0117.35-18.92-92.4619.77
PBIT Margin (%)13.3012.67-26.64-102.6811.50
PBT Margin (%)7.921.01-47.21-132.564.58
Net Profit Margin (%)7.071.95-45.91-131.175.65
NP After MI And SOA Margin (%)7.071.95-45.91-131.175.65
Return on Networth / Equity (%)1.500.59-8.27-16.590.75
Return on Capital Employeed (%)2.572.88-3.53-9.501.21
Return On Assets (%)1.010.25-3.99-8.990.40
Long Term Debt / Equity (X)0.080.320.340.280.19
Total Debt / Equity (X)0.080.320.340.280.19
Asset Turnover Ratio (%)0.130.130.080.060.07
Current Ratio (X)1.870.940.961.721.38
Quick Ratio (X)1.870.940.961.721.38
Interest Coverage Ratio (X)3.351.49-0.92-3.092.86
Interest Coverage Ratio (Post Tax) (X)2.321.17-1.23-3.391.82
Enterprise Value (Cr.)31.6221.5418.2314.3614.98
EV / Net Operating Revenue (X)5.053.535.075.254.46
EV / EBITDA (X)28.0220.34-26.79-5.6822.55
MarketCap / Net Operating Revenue (X)5.613.944.915.325.94
Price / BV (X)1.191.200.880.670.79
Price / Net Operating Revenue (X)5.613.954.915.325.94
EarningsYield0.010.00-0.09-0.240.01

Khandwala Securities Ltd Profitability Ratios (%)

Khandwala Securities Ltd Liquidity Ratios

Khandwala Securities Ltd Liquidity Ratios (%)

Khandwala Securities Ltd Interest Coverage Ratios (%)

Khandwala Securities Ltd Valuation Ratios

Fair Value of Khandwala Securities Ltd Stock

Fair Value: ₹5.27

The stock is overvalued by 83.64% compared to the current price ₹32.2

*Investments are subject to market risks

Strength and Weakness of Khandwala Securities Ltd Stock

StrengthWeakness
  1. The company has higher reserves (13.74 cr) compared to borrowings (1.31 cr), indicating strong financial stability.
  1. The stock is trading at a high valuation with an average P/B ratio of -0.33 and average Dividend Yield of -18.37%.
  2. The stock has a low average ROCE of -1.07%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 84.80, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 409.54, which may not be favorable.
  5. The company has not shown consistent growth in sales (4.56) and profit (-0.55).

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 Khandwala 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