---
title: "Ratnakar Securities Limited (530243) — Share Price, Financials & Analysis"
symbol: "530243"
company: "Ratnakar Securities Limited"
canonical: "https://tapetide.com/stocks/530243"
isin: "INE820B01029"
bse_code: "530243"
sector: "Information Technology"
industry: "IT - Software"
generated_at: "2026-10-13T11:00:59.755Z"
---

# Ratnakar Securities Limited (530243)

Canonical page: https://tapetide.com/stocks/530243

## Company

- **BSE Code:** 530243
- **ISIN:** INE820B01029
- **Sector:** Information Technology
- **Industry:** IT - Software
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mangalyasofttechltd.com

## About

Ratnakar Securities is engaged in the business of software development.The Company's main objects have been altered to include the business of acting as share and stock brokers, depository participants, and providing other financial and investment service

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.00 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.3%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 426 days.
- Working capital days have increased from 29.4 days to 353 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 52% | 115% | 80% |
| revenue growth | -13% | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 6.77 | 4.91 | 4.68 | 4.7 | 4.32 | 4.47 | 4.44 | 5.06 |
| Expenses | 0.04 | 0.05 | 0.01 | 0 | 5.26 | 3.8 | 3.44 | 4.25 | 3.07 | 3.52 | 3.58 | 3.48 |
| Operating Profit | -0.04 | -0.05 | -0.01 | 0 | 1.51 | 1.11 | 1.24 | 0.45 | 1.25 | 0.95 | 0.86 | 1.58 |
| OPM % | — | — | — | — | 22.3 | 22.61 | 26.5 | 9.57 | 28.94 | 21.25 | 19.37 | 31.23 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.13 | -0.07 | 0 | 0.01 | 0.02 | -0.02 | 0.04 |
| Interest | 0 | 0 | 0 | 0 | 0.2 | 0.27 | 0.47 | 0.21 | 0.32 | 0.38 | 0.42 | 0.34 |
| Depreciation | 0 | 0 | 0 | 0 | 0.15 | 0.14 | 0.11 | 0.08 | 0.08 | 0.1 | 0.08 | 0.06 |
| Profit before tax | -0.04 | -0.05 | -0.01 | 0 | 1.16 | 0.83 | 0.59 | 0.16 | 0.86 | 0.49 | 0.34 | 1.22 |
| Tax % | 0 | 0 | 0 | — | 19.83 | 27.71 | 55.93 | 93.75 | 4.65 | 10.2 | -67.65 | 25.41 |
| Net Profit | -0.04 | -0.05 | -0.01 | 0 | 0.93 | 0.61 | 0.26 | 0 | 0.82 | 0.44 | 0.57 | 0.91 |
| EPS in Rs | -0.77 | -0.96 | -0.19 | 0 | 17.88 | 11.73 | 5 | 0 | 15.77 | 8.46 | 10.96 | 17.5 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 19.07 | 22.47 | 17.93 | 18.29 |
| Expenses | 0.08 | 0.08 | 10.86 | 0.11 | 0.01 | 0.23 | 15.69 | 17.33 | 14.32 | 13.65 |
| Operating Profit | -0.07 | -0.07 | -10.86 | -0.11 | -0.01 | -0.23 | 3.38 | 5.14 | 3.61 | 4.64 |
| OPM % | -700 | -700 | — | — | — | — | 17.72 | 22.87 | 20.13 | 25.37 |
| Other Income | 0.07 | 0.07 | 0 | 0 | 0.01 | 0 | 0 | 0.12 | 0 | 0.05 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.79 | 1.2 | 1.41 | 1.46 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0.27 | 0.4 | 0.34 | 0.32 |
| Profit before tax | 0 | 0 | -10.86 | -0.11 | 0 | -0.23 | 2.32 | 3.66 | 1.86 | 2.91 |
| Tax % | — | — | 0 | -9.09 | — | 0 | 27.59 | 27.6 | 1.08 | — |
| Net Profit | 0 | 0 | -10.86 | -0.11 | 0 | -0.23 | 1.68 | 2.65 | 1.83 | 2.74 |
| EPS in Rs | 0 | 0 | -10.86 | -0.11 | 0 | -4.42 | 32.31 | 50.96 | 35.19 | 52.69 |
| Dividend Payout % | — | — | 0 | 0 | — | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 0.52 | 0.52 | 18.52 |
| Reserves | 1.65 | 0.84 | 0.84 | -10.02 | -10.13 | -10.13 | -10.36 | 0.56 | 3.28 | 4.77 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.25 | 7.52 | 13.34 |
| Other Liabilities | 0 | 0 | 0 | 0.03 | 0.13 | 0.33 | 0.38 | 50.56 | 59.6 | 26.42 |
| Total Liabilities | 11.65 | 10.84 | 10.84 | 0.01 | 0 | 0.2 | 0.02 | 60.89 | 70.92 | 63.05 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.15 | 2.94 | 2.59 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.92 | 0.92 | 0.62 | 0 | 0 | 0 | 0 | 1.3 | 1.3 | 1.66 |
| Other Assets | 10.73 | 9.92 | 10.22 | 0.01 | 0 | 0.2 | 0.02 | 57.44 | 66.68 | 58.8 |
| Total Assets | 11.65 | 10.84 | 10.84 | 0.01 | 0 | 0.2 | 0.02 | 60.89 | 70.92 | 63.05 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.43 | 0 | -0.39 | -0.02 | 0 | 0.19 | -0.17 | 0.55 | -0.13 | -1.95 |
| Cash from Investing Activity | -0.44 | 0.01 | 0.39 | 0.02 | 0 | 0 | 0 | 2.11 | -3.18 | -0.4 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.73 | -1.34 | 1.48 |
| Net Cash Flow | -0.01 | 0 | 0 | -0.01 | 0 | 0.19 | -0.17 | 1.93 | -4.65 | -0.86 |
| Free Cash Flow | 0.43 | 0 | -0.39 | -0.02 | 0 | 0.19 | -0.17 | 0.19 | -1.27 | -1.99 |
| CFO/OP | -717 | 0 | 557 | 0 | 0 | -1900 | 74 | 28 | 11 | -25 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 4015 | 16060 | 16060 | — | — | — | — | 254.94 | 285.24 | 425.66 |
| Inventory Days | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 4015 | 16060 | 16060 | — | — | — | — | 254.94 | 285.24 | 425.66 |
| Working Capital Days | 40332.5 | 131765 | 146000 | — | — | — | — | -183.17 | -81.54 | 352.99 |
| ROCE % | 0 | 0 | 0 | -200.74 | — | — | — | 62.39 | 44.34 | 13.64 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 23.33% | 23.33% | 23.33% | 23.33% | 23.33% | 23.33% | 23.33% | 48.75% | 48.75% | 48.75% | 48.75% |
| DIIs | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0% | 0% | 0% | 0% |
| Public | 76.61% | 76.61% | 76.61% | 76.61% | 76.61% | 76.61% | 76.61% | 51.24% | 51.24% | 51.25% | 51.25% |
| No. of Shareholders | 5296 | 5257 | 5245 | 5245 | 5245 | 5245 | 5228 | 2393 | 2392 | 2408 | 2408 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 23.33% | 23.33% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% | 48.75% |
| DIIs | 0.06% | 0.06% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 76.61% | 76.6% | 51.24% | 51.24% | 51.24% | 51.24% | 51.24% | 51.25% | 51.25% | 51.25% | 51.25% | 51.25% |
| No. of Shareholders | 5227 | 5227 | 2393 | 2393 | 2393 | 2393 | 2392 | 2392 | 2390 | 2407 | 2408 | 2408 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 11.11 | Sell |
| EMA (10) | 11.13 | Sell |
| SMA (20) | 11.25 | Sell |
| EMA (20) | 11.18 | Sell |
| SMA (50) | 11.11 | Sell |
| EMA (50) | 11.12 | Sell |
| SMA (100) | 10.83 | Buy |
| EMA (100) | 11.04 | Buy |
| SMA (200) | 11.1 | Sell |
| EMA (200) | 11.33 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.62 | Neutral |
| MACD (12,26,9) | -0.04 | Sell |
| Stochastic (14,3,3) | 46.6 | Neutral |
| ADX (14) | 14.98 | Neutral |
| Williams %R (14) | -51.43 | Neutral |
| ATR (14) | 0.54 | High Volatility |
| ROC (12) | -0.72 | Sell |
| Stoch RSI (14) | 21.77 | Neutral |
| UO (7,14,28) | 52.85 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-29 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76d1f867-4fdc-4ca1-8055-45747b3d2559.pdf) |
| 2026-04-29 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachLive/76d1f867-4fdc-4ca1-8055-45747b3d2559.pdf) |
| 2026-04-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed4e2b71-b316-411c-aca4-d37cf294bd21.pdf) |
| 2026-04-10 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, April 10, 2026. In Which Appointment Of Aditya Darshankumar Pancholi As A Company Secretary And Resignation Of Harshil Shah As Company Secretary Was Considered.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59249ffc-1ee8-4251-b8b3-d9250a31cda6.pdf) |
| 2026-04-07 | [Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 For The Financial Year Ended On March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b896f35e-d4b7-46c3-bb1f-a5b110005763.pdf) |
| 2026-03-25 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f11e294f-a3fc-4f0e-86c3-d1daed7b1286.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff67add9-c41b-4477-979a-659763cd47b1.pdf) |
| 2026-02-27 | [Intimation Of Receipt Of Consent To Operate (CTO)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ada30fa8-b947-4f4f-a684-21d5d52b521a.pdf) |
| 2026-02-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b758053-7c43-4e7d-8cfc-4917b5ae7830.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21883d66-8f05-493d-ba80-65b4a8ed5a73.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/54043c27-fafd-4579-8c4b-b7a1ff120dd7.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/585d6106-63fa-44fa-9ee3-9ebee2d85721.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/610a31d9-f416-491e-800f-8e6a9158dd90.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/530343/74284530343.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/530343/69613530343.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/530243/72517530243.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/530343/65118530343.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/530243/68558530243.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/530343/5303430319.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/530243/5302430319.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21883d66-8f05-493d-ba80-65b4a8ed5a73.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b70ecb54-de8d-460e-a854-49f627fb0948.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2bcbd503-d414-49a7-84a6-478e88fff8d8.pdf) |
| Aug 2025 | Concall - Aug 2025 |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc9af8f0-cdfd-4e9d-a27c-aa059fac9794.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fbc63b7a-92fe-4691-93df-effe1c66d7bb.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/facf37a7-f9a6-493f-b3fd-12cf3285a92c.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/561ea3e7-c630-4106-8a9d-a5e4b05cd7ba.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63455821-5909-46eb-b86c-8a6957db0c5d.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a81a5f53-3243-4d39-8bdf-8e32da1019fd.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-20 | Credit rating update — CRISIL |
| 2025-06-24 | Credit rating update — CRISIL |
| 2025-01-24 | Credit rating update — CRISIL |
| 2025-01-08 | Credit rating update — CRISIL |
| 2024-12-03 | Credit rating update — CRISIL |
| 2024-11-22 | Credit rating update — CRISIL |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9dce7520-f1ef-4973-b518-679b2bc83dd0.pdf) |
| 2026-10-01 | [Voting Result On Resolutions Passed At 34T Annual General Meeting (AGM) Of Ratnakar Securities Limited (Formerly Known As Mangalya Soft-Tech Limited)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b5f1822-bfb7-4902-8992-c1a421f98d06.pdf) |
| 2026-09-30 | [Submission Of Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=baf27bf1-1982-461b-a3be-9b995d5bdb2f.pdf) |
| 2026-09-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67f09ce0-fb47-469c-a3f9-67dbb5facf24.pdf) |
| 2026-09-22 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18408b24-d2bc-4d0e-b023-07a5f24d700e.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c8580a3-1eb8-4e46-9822-58f3b0abd217.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc29b7d8-4fd9-4c85-adaf-719ecb44a9bc.pdf) |
| 2026-09-04 | [INTIMATION OF BOOK CLOSURE E-VOTING AND DATE OF ANNUAL GENERAL MEETING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c1dea04-c068-4c66-a935-4dd52f8792db.pdf) |
| 2026-09-04 | [INTIMATION OF BOOK CLOSURE E-VOTING AND DATE OF ANNUAL GENERAL MEETING For 34TH ANNUAL GENERAL MEETING](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5791e75-3b54-45e3-8202-0a16e9e3bbef.pdf) |
| 2026-09-04 | [34" Annual General Meeting (AGM) Of The Ratnakar Securities Limited (Formerly Known As Mangalya Soft Tech Limited)Will Be Held On Tuesday 29Th September 2026 At 04.00 P.M. IST Through Video Conference (VC)/ Other Audio Visual Means (OAVM).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=539b66e0-730c-4c36-b814-ede68ef75d32.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:59.755Z.