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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Summit Securities Ltd

About the Company - Summit Securities Ltd

Summit Securities Ltd. is a Public Limited Listed company incorporated on 30/01/1997 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65921MH1997PLC194571 and registration number is 194571. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 29.63 Cr. and Equity Capital is Rs. 10.90 Cr. for the Year ended 31/03/2022.
Finance & Investments213, Bezzola Complex, B Wing, Mumbai Maharashtra
NamePosition Held
Mr. Ramesh D ChandakChairman(NonExe.&Ind.Director)
Ms. Shweta MusaleInd. Non-Executive Director
Mr. H N Singh RajpootNon Executive Director
Mr. Prem KapilInd. Non-Executive Director
Mr. A V NerurkarInd. Non-Executive Director
Mr. H C DalalInd. Non-Executive Director
Mr. Manish JainNon Executive Director

Summit Securities Ltd. Share Price Update

Share PriceValue
Previous Day₹1,374.20

Basic Stock Data of Summit Securities Ltd

Market Cap 1,506 Cr.
Current Price 1,382
High / Low1,508/518
Stock P/E22.7
Book Value 7,163
Dividend Yield0.00 %
ROCE0.98 %
ROE0.77 %
Face Value 10.0

Data Source:

Competitors of Summit Securities Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIFL Finance Ltd 23,036 Cr. 604704/40812.8 2600.65 %11.5 %19.4 % 2.00
Viji Finance Ltd 22.2 Cr. 2.692.91/1.411,110 1.480.00 %4.25 %3.70 % 1.00
Agarwal Fortune India Ltd 11.0 Cr. 31.444.6/7.14 1.230.00 %21.0 %18.5 % 10.0
Acme Resources Ltd 132 Cr. 51.276.5/13.810.5 49.40.00 %13.2 %10.4 % 10.0
Ajcon Global Services Ltd 25.7 Cr. 42.051.4/22.727.9 36.90.00 %4.65 %2.57 % 10.0
Industry Average4,645.38 Cr146.26232.2469.800.13%10.92%10.91%6.60

Summit Securities Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit488561141722261152
OPM %79%93%90%88%98%49%49%69%96%75%80%94%98%
Other Income0000100000000
Profit before tax488561141722261152
Tax %39%20%29%28%29%34%26%30%29%-99%15%22%27%
Net Profit26544413121645838
EPS in Rs1.995.955.013.3440.200.652.4310.9414.363.894.657.6735.15

Summit Securities Ltd Quarterly Chart

Summit Securities Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit13161325513138357026704771
OPM %92%86%89%94%95%54%98%92%86%89%95%93%95%
Other Income00-00000000100
Profit before tax13161325513138357026714771
Tax %7%14%2%0%1%-107%12%2%-2%29%29%21%
Net Profit13131325507121347218513756
EPS in Rs11.5412.2711.7622.6145.936.35111.2631.6266.0916.7946.6333.9951.36
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Summit Securities Ltd Profit & Loss Yearly Chart

Summit Securities Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:-19%
3 Years:-15%
Compounded Profit Growth
10 Years:11%
5 Years:-21%
3 Years:-20%
Stock Price CAGR
10 Years:33%
5 Years:23%
3 Years:34%
1 Year:137%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:1%

Summit Securities Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Other Liabilities8710109423347161499455534892
Total Liabilities4254374564815315336904,0192,4615,4354,9365,6408,701
Fixed Assets0000000000000
Other Assets1612453711247349332822
Total Assets4254374564815315336904,0192,4615,4354,9365,6408,701

Summit Securities Ltd Reserves and Borrowings Chart

Advik Capital Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 112212448231-480-14738
Cash from Investing Activity 3-16-25-22-18-30-3710-54-23-22-43
Cash from Financing Activity 00-0000-000000
Net Cash Flow4-4-3230-28-6625-2525-5

Summit Securities Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days100000000000
Inventory Days0
Days Payable
Cash Conversion Cycle100000000000
Working Capital Days-60-22-225-121-48421-30-19-53-19-30
ROCE %3%4%3%5%10%1%23%2%2%1%2%1%

Summit Securities Ltd Financial Efficiency Indicators Chart

Summit Securities Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders49,47449,07749,20949,25151,74950,94750,23449,45648,87548,09248,29447,858

Summit Securities Ltd Shareholding Pattern Chart

No. of Summit Securities Ltd Shareholders

This stock is not held by any mutual fund

Summit Securities Ltd ROCE Trend

Summit Securities Ltd EPS Trend

Summit Securities Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)34.0046.6316.7966.09100.62
Diluted EPS (Rs.)34.0046.6316.7966.09100.62
Cash EPS (Rs.)34.0146.6516.8066.10100.64
Book Value[Excl.RevalReserv]/Share (Rs.)4683.474111.014528.012109.71696.96
Book Value[Incl.RevalReserv]/Share (Rs.)4683.474111.014528.012109.71696.96
Revenue From Operations / Share (Rs.)46.2767.9726.5775.11103.73
PBDIT / Share (Rs.)43.1365.2523.8164.55101.11
PBIT / Share (Rs.)43.1165.2323.7964.54101.10
PBT / Share (Rs.)43.1165.2323.7464.54101.08
Net Profit / Share (Rs.)33.9946.6316.7966.09100.62
NP After MI And SOA / Share (Rs.)33.9946.6316.7966.09100.62
PBDIT Margin (%)93.2096.0089.6285.9397.47
PBIT Margin (%)93.1795.9789.5585.9297.46
PBT Margin (%)93.1795.9789.3385.9297.44
Net Profit Margin (%)73.4768.6063.1787.9897.00
NP After MI And SOA Margin (%)73.4768.6063.1787.9897.00
Return on Networth / Equity (%)0.721.130.373.1314.43
Return on Capital Employeed (%)0.831.440.472.8614.50
Return On Assets (%)0.651.020.332.9214.36
Asset Turnover Ratio (%)
Current Ratio (X)2425.442174.572588.841155.148.52
Quick Ratio (X)2425.442174.572588.841155.148.52
Interest Coverage Ratio (X)0.000.00414.060.006976.70
Interest Coverage Ratio (Post Tax) (X)0.000.00292.850.006943.77
Enterprise Value (Cr.)562.52612.49579.32267.81636.82
EV / Net Operating Revenue (X)11.158.2720.003.275.63
EV / EBITDA (X)11.968.6122.313.815.78
MarketCap / Net Operating Revenue (X)11.688.6920.253.665.69
Price / BV (X)
Price / Net Operating Revenue (X)11.688.6920.253.665.69

Summit Securities Ltd Profitability Ratios (%)

Summit Securities Ltd Liquidity Ratios

Summit Securities Ltd Liquidity Ratios (%)

Summit Securities Ltd Interest Coverage Ratios (X)

Summit Securities Ltd Valuation Ratios

Fair Value / Intrinsic Value of Summit Securities Ltd

Fair Value: ₹1277.06

The stock is overvalued by 7.59% compared to the current price ₹1382

*Investments are subject to market risks

Strength and Weakness of Summit Securities Ltd

  1. The stock has a low average Working Capital Days of -48.67, which is a positive sign.
  2. The company has higher reserves (2,432.85 cr) compared to borrowings (1.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (47.92 cr) and profit (44.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 59.55 and average Dividend Yield of 92.41%.
  2. The stock has a low average ROCE of 4.75%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 0.08, which may not be favorable.

Should I Buy Advik Capital Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Summit Securities Ltd:
    1. Net Profit Margin: 73.47%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.83% (Industry Average ROCE: 5.56%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.00
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2425.44
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 21.3 (Industry average Stock P/E: 29.54)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar

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 Summit 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 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