Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:50 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 538395 | NSE: NAM

Nam Securities Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹127.13Undervalued by 52.98%vs CMP ₹83.10

P/E (224.0) × ROE (3.2%) × BV (₹21.60) × DY (2.00%)

₹40.67Overvalued by 51.06%vs CMP ₹83.10
MoS: -104.3% (Negative)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹108.7425%Under (+30.9%)
Graham NumberEarnings₹13.5918%Over (-83.6%)
Earnings PowerEarnings₹4.0312%Over (-95.2%)
DCFCash Flow₹3.2915%Over (-96%)
Net Asset ValueAssets₹21.658%Over (-73.9%)
EV/EBITDAEnterprise₹14.1010%Over (-83%)
Earnings YieldEarnings₹3.808%Over (-95.4%)
Revenue MultipleRevenue₹123.746%Under (+48.9%)
Consensus (8 models)₹40.67100%Overvalued
Key Drivers: P/E of 224 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 3.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -14.5%

*Investments are subject to market risks

Investment Snapshot

42
Nam Securities Ltd scores 42/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 4.5% WeakROE 3.2% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 1% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -60% YoY DecliningProfit (4Q): -29% YoY Declining
Industry Rank20/100 · Weak
P/E 224.0 vs industry 171.3 In-lineROCE 4.5% vs industry 11.4% Below peersROE 3.2% vs industry 25.6% Below peers3Y sales CAGR: -8% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:50 am

Market Cap 44.8 Cr.
Current Price 83.1
Intrinsic Value₹40.67
High / Low 105/68.0
Stock P/E224
Book Value 21.6
Dividend Yield0.00 %
ROCE4.48 %
ROE3.22 %
Face Value 10.0
PEG Ratio-15.49

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

View Share Price Target for Nam Securities Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nam Securities Ltd 44.8 Cr. 83.1 105/68.0224 21.60.00 %4.48 %3.22 % 10.0
Classic Global Finance & Capital Ltd 3.86 Cr. 1.05 /129 1.620.00 %0.83 %0.34 % 1.00
Nalwa Sons Investments Ltd 2,617 Cr. 5,091 8,778/4,659112 31,6680.00 %0.44 %0.32 % 10.0
HCKK Ventures Ltd 11.5 Cr. 31.1 165/26.576.8 12.10.00 %6.93 %5.14 % 10.0
MKVentures Capital Ltd 315 Cr. 819 1,890/73266.7 2870.03 %16.6 %9.56 % 10.0
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of Nam Securities Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 15.2918.8220.1522.7035.5330.4829.7419.8211.154.5411.848.5611.65
Expenses 15.1619.8319.8622.7035.4431.0429.4519.5911.245.7911.648.3111.55
Operating Profit 0.13-1.010.290.000.09-0.560.290.23-0.09-1.250.200.250.10
OPM % 0.85%-5.37%1.44%0.00%0.25%-1.84%0.98%1.16%-0.81%-27.53%1.69%2.92%0.86%
Other Income 0.050.420.050.230.170.270.090.030.241.100.030.010.02
Interest 0.000.000.000.000.000.000.000.010.000.010.000.000.00
Depreciation 0.030.010.020.020.020.020.030.030.030.050.040.040.04
Profit before tax 0.15-0.600.320.210.24-0.310.350.220.12-0.210.190.220.08
Tax % 26.67%-16.67%21.88%23.81%20.83%-16.13%22.86%22.73%16.67%-14.29%21.05%27.27%25.00%
Net Profit 0.12-0.500.250.160.18-0.260.270.170.10-0.190.160.170.06
EPS in Rs 0.22-0.930.460.300.33-0.480.500.320.19-0.350.300.320.11

Last Updated: March 3, 2026, 9:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:02 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.480.621.602.0657.5267.7964.8785.6786.4572.29109.5766.7136.59
Expenses 0.330.441.311.7457.1167.1864.4585.2385.7772.15109.0366.0737.29
Operating Profit 0.150.180.290.320.410.610.420.440.680.140.540.64-0.70
OPM % 31.25%29.03%18.12%15.53%0.71%0.90%0.65%0.51%0.79%0.19%0.49%0.96%-1.91%
Other Income 0.000.000.000.000.000.000.000.000.000.000.000.001.16
Interest 0.000.010.010.000.000.000.000.000.000.000.010.020.01
Depreciation 0.080.090.100.100.110.120.090.080.080.080.090.140.17
Profit before tax 0.070.080.180.220.300.490.330.360.600.060.440.480.28
Tax % 14.29%37.50%22.22%27.27%23.33%20.41%9.09%27.78%25.00%50.00%25.00%25.00%
Net Profit 0.060.060.140.150.230.400.300.260.450.030.330.360.20
EPS in Rs 0.200.200.460.490.751.310.980.480.830.060.610.670.38
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%133.33%7.14%53.33%73.91%-25.00%-13.33%73.08%-93.33%1000.00%9.09%
Change in YoY Net Profit Growth (%)0.00%133.33%-126.19%46.19%20.58%-98.91%11.67%86.41%-166.41%1093.33%-990.91%

Nam 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:59%
5 Years:0%
3 Years:-9%
TTM:-60%
Compounded Profit Growth
10 Years:20%
5 Years:4%
3 Years:-7%
TTM:-31%
Stock Price CAGR
10 Years:18%
5 Years:24%
3 Years:18%
1 Year:-48%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:2%
Last Year:3%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: December 4, 2025, 3:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.053.053.053.053.053.053.055.395.395.395.395.395.39
Reserves 1.091.151.291.441.672.242.544.795.245.275.605.966.28
Borrowings 0.000.000.000.000.000.000.000.000.000.000.000.000.20
Other Liabilities 0.480.160.240.520.190.770.820.610.570.181.140.490.46
Total Liabilities 4.624.364.585.014.916.066.4110.7911.2010.8412.1311.8412.33
Fixed Assets 0.360.640.630.580.580.630.540.520.510.400.652.412.12
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.990.991.101.150.743.214.037.438.030.000.000.005.96
Other Assets 3.272.732.853.283.592.221.842.842.6610.4411.489.434.25
Total Assets 4.624.364.585.014.916.066.4110.7911.2010.8412.1311.8412.33

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.000.400.000.02-0.06-0.03-0.22-4.470.171.93-2.041.09
Cash from Investing Activity + 0.00-0.370.000.080.030.020.140.300.090.480.04-1.79
Cash from Financing Activity + 0.000.000.000.000.000.000.004.330.000.000.000.00
Net Cash Flow 0.000.030.000.09-0.03-0.01-0.080.160.262.41-2.00-0.70
Free Cash Flow 0.000.040.00-0.03-0.18-0.20-0.22-4.530.101.96-2.38-0.82
CFO/OP 0%233%0%25%2%8%-45%-993%47%1,393%-357%189%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.150.180.290.320.410.610.420.440.680.140.540.64

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 60.8323.5588.978.864.442.530.960.550.080.100.030.00
Inventory Days 578.31645.7712.400.000.000.000.0028.5130.5528.71
Days Payable 52.14109.190.000.312.651.31
Cash Conversion Cycle 60.8323.55615.14545.4416.842.530.960.550.0828.3027.9327.40
Working Capital Days 1,148.23830.08362.72315.3916.503.721.912.301.6934.1829.4842.62
ROCE %1.70%2.16%4.45%4.98%6.51%9.79%6.07%4.57%5.77%0.56%4.16%4.48%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
Public 25.00%25.00%25.00%25.00%25.00%24.99%25.00%24.99%24.99%24.99%24.99%25.00%
No. of Shareholders 717704716757761781805843844857878922

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 14Mar 13
FaceValue 10.0010.00
Basic EPS (Rs.) 0.200.15
Diluted EPS (Rs.) 0.200.15
PBDIT Margin (%) 31.8330.27
PBIT Margin (%) 14.7212.29
PBT Margin (%) 14.7212.29
Net Profit Margin (%) 12.8310.01
NP After MI And SOA Margin (%) 12.8310.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Nam Securities Ltd. is a Public Limited Listed company incorporated on 05/07/1994 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1994PLC350531 and registration number is 053200. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company's Total Operating Revenue is Rs. 65.25 Cr. and Equity Capital is Rs. 5.39 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & Investments213, Arunachal Building, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Ms. Divya GoyalDirector
Mr. Ashwani GoyalDirector
Mrs. Kiran GoyalManaging Director
Mr. Prakash Chandra PanjikarIndependent Director
Mr. Bhisham Kumar GuptaIndependent Director

FAQ

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

As of 13 April 2026, Nam Securities Ltd's intrinsic value is ₹40.67, which is 51.06% lower than the current market price of ₹83.10, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.22 %), book value (₹21.6), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Nam Securities Ltd is trading at ₹83.10 as of 13 April 2026, with a FY2026-2027 high of ₹105 and low of ₹68.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹44.8 Cr..

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

Nam Securities Ltd has a P/E ratio of 224, which is above the industry average of 171.25. The premium over industry average may reflect growth expectations or speculative interest.

Is Nam Securities Ltd financially healthy?

Key indicators for Nam Securities Ltd: ROCE of 4.48 % is on the lower side compared to the industry average of 11.38%; ROE of 3.22 % is below ideal levels (industry average: 25.55%). Dividend yield is 0.00 %.

Is Nam Securities Ltd profitable and how is the profit trend?

Nam Securities Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹67 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Nam Securities Ltd pay dividends?

Nam Securities Ltd has a dividend yield of 0.00 % at the current price of ₹83.10. The company is currently not paying meaningful dividends.

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 Nam 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
Explore Industry-wise Stock Analysis Reports