Khandwala Securities Ltd
KHANDSE NSE
Khandwala Securities Ltd
Capital MarketsNSE: KHANDSE BSE: 531892 Stock Broking
Key Fundamentals
MicrocapStock BrokingCapital MarketsMarket Cap
₹25.26 Cr
Volatility
Moderate
P/E Ratio
-43.6
EBITDA
₹-2.23 Cr
Return on Equity
-2.77%
Debt to Equity
0.1
Book Value
₹18.19
EPS
₹0.34
52W High
₹26.88
52W Low
₹12.2
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Khandwala Securities Ltd insights
28 extracted metrics + investor summaries across FY16–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 0.94 times its book value
Weaknesses
3- Company has low interest coverage ratio.
- Company has a low return on equity of -6.48% over last 3 years.
- Company has high debtors of 186 days.
Growth Rate
Revenue Growth
-47.75% ↘
Net Income Growth
60.00% ↘
Cash Flow Change
331.03% ↗
ROE
-569.49% ↘
ROCE
-21.58% ↗
EBITDA Margin (Avg.)
-633.56% ↘
Quarterly Results
| Jun 2023 | 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 | 1.93 | 1.6 | 2.16 | 2.83 | 2.52 | 3.14 | 2.7 | 1.18 | 1.14 | 3.4 | 1.06 | 2.3 | 2.27 |
| Expenses | 1.73 | 1.36 | 1.81 | 3.05 | 1.97 | 7.64 | 2.44 | 2.41 | 1.78 | 3.23 | 2.07 | 3.06 | 2.35 |
| Operating Profit | 0.2 | 0.24 | 0.35 | -0.22 | 0.55 | -4.5 | 0.26 | -1.23 | -0.64 | 0.17 | -1.01 | -0.76 | -0.08 |
| OPM % | 10.36% | 15% | 16.2% | -7.77% | 21.83% | -143.31% | 9.63% | -104.24% | -56.14% | 5% | -95.28% | -33.04% | -3.52% |
| Other Income | 0.05 | 0.04 | 0.04 | 0.05 | 0.06 | 4.81 | 0.35 | 0.37 | 0.16 | 0.21 | 0.66 | 0.44 | 0.32 |
| Interest | 0.06 | 0.1 | 0.06 | 0.05 | 0.05 | 0.02 | 0.01 | 0.03 | 0.04 | 0.06 | 0.06 | 0.07 | 0.08 |
| Depreciation | 0.05 | 0.07 | 0.08 | 0.12 | 0.1 | 0.07 | 0.07 | 0.11 | 0.07 | 0.08 | 0.08 | 0.06 | 0.07 |
| PBT | 0.14 | 0.11 | 0.25 | -0.34 | 0.46 | 0.22 | 0.53 | -1 | -0.59 | 0.24 | -0.49 | -0.45 | 0.09 |
| Tax % | 0% | 0% | -4% | 0% | -2.17% | -4.55% | -1.89% | 105% | 0% | 0% | 0% | -2.22% | 0% |
| Net Profit | 0.14 | 0.11 | 0.27 | -0.34 | 0.48 | 0.24 | 0.54 | -2.05 | -0.59 | 0.24 | -0.49 | -0.44 | 0.08 |
| EPS in Rs | 0.09 | 0.07 | 0.18 | -0.22 | 0.31 | 0.16 | 0.35 | -1.34 | -0.39 | 0.16 | -0.32 | -0.29 | 0.05 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.4 | 4.14 | 3.81 | 3.64 | 2.87 | 3.74 | 6.23 | 6.45 | 8.7 | 10.29 | 7.89 | 9.03 |
| Expenses | 3.6 | 4.91 | 4.04 | 5.44 | 6.15 | 4.45 | 5.29 | 5.36 | 7.95 | 14.45 | 10.12 | 10.71 |
| Operating Profit | -0.2 | -0.77 | -0.23 | -1.8 | -3.28 | -0.71 | 0.94 | 1.09 | 0.75 | -4.16 | -2.23 | -1.68 |
| OPM % | -5.88% | -18.6% | -6.04% | -49.45% | -114.29% | -18.98% | 15.09% | 16.9% | 8.62% | -40.43% | -28.26% | -18.6% |
| Other Income | 0.09 | 0.82 | 0.03 | 2.46 | 0.75 | 0.03 | 0.12 | 0.04 | 0 | 4.84 | 1.46 | 1.63 |
| Interest | 0.32 | 0.35 | 0.28 | 0.23 | 0.82 | 0.74 | 0.71 | 0.34 | 0.27 | 0.11 | 0.23 | 0.27 |
| Depreciation | 0.29 | 0.3 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.34 | 0.29 | 0.29 |
| PBT | -0.72 | -0.6 | -0.77 | 0.15 | -3.63 | -1.7 | 0.06 | 0.5 | 0.17 | 0.23 | -1.29 | -0.61 |
| Tax % | -1.39% | 1.67% | -1.3% | -26.67% | -1.1% | -2.94% | -100% | 10% | -5.88% | 447.83% | -0.78% | — |
| Net Profit | -0.7 | -0.61 | -0.76 | 0.19 | -3.59 | -1.65 | 0.12 | 0.44 | 0.17 | -0.8 | -1.27 | -0.61 |
| EPS in Rs | -0.59 | -0.51 | -0.64 | 0.16 | -3.01 | -1.38 | 0.1 | 0.29 | 0.11 | -0.52 | -0.83 | -0.4 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 11.94 | 15.25 | 15.25 | 15.25 | 15.25 |
| Reserves | 14.53 | 13.92 | 13.16 | 13.28 | 9.69 | 8.01 | 8.16 | 14.24 | 14.43 | 13.64 | 12.49 |
| Borrowings | 5.08 | 4.92 | 4.84 | 6.39 | 7.74 | 6.94 | 6.47 | 2.64 | 1.55 | 1.5 | 2.88 |
| Other Liabilities | 8.52 | 7.82 | 10.3 | 15.24 | 10.52 | 14.47 | 20.7 | 11.45 | 16.37 | 12.92 | 9.97 |
| Total Liabilities | 40.07 | 38.6 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.6 | 43.31 | 40.59 |
| Fixed Assets | 9.78 | 9.55 | 9.3 | 8.41 | 8.2 | 8.05 | 7.79 | 8.09 | 8.14 | 4.25 | 4.18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.03 | 0.03 | 0.03 | 0.77 | 1.18 | 1.04 | 0.61 | 2.04 | 3.07 | 11.62 | 1.17 |
| Other Assets | 30.26 | 29.02 | 30.91 | 37.67 | 30.51 | 32.27 | 38.87 | 33.45 | 36.39 | 27.44 | 35.24 |
| Total Assets | 40.07 | 38.6 | 40.24 | 46.85 | 39.89 | 41.36 | 47.27 | 43.58 | 47.6 | 43.31 | 40.59 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3.87 | -1.35 | 0.4 | 3.59 | -3.55 | -0.21 | 3.3 | -7.24 | -1.74 | 4.02 | -2.05 |
| Investing | -0.12 | 0.28 | 0.21 | 2 | -0.4 | 0.18 | 0.5 | -1.51 | -1.17 | -3.94 | 0.64 |
| Financing | 0.04 | -0.5 | -0.36 | 1.32 | 0.53 | -1.54 | -1.19 | 8.4 | -0.09 | 0.29 | -0.5 |
| Net Cash Flow | 3.79 | -1.57 | 0.26 | 6.9 | -3.42 | -1.57 | 2.62 | -0.34 | -3.01 | 0.37 | -1.91 |
| Free Cash Flow | 3.36 | -1.42 | 0.36 | 6.04 | -3.62 | -0.34 | 3.27 | -7.83 | -2.1 | 7.56 | -2.26 |
| CFO/OP | -1,935 | 175 | -174 | -199 | 108 | 30 | 351 | -664 | -232 | -97 | 92 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 186 |
| Cash Conversion Cycle | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 186 |
| Working Capital Days | 318 | 392 | 226 | -574 | -68.68 | -672 | -599 | 192 | -137 | -194 | -117 |
| ROCE % | — | -0.8% | -1.61% | -4.71% | -9.22% | -3.41% | 2.88% | 2.86% | 1.39% | -14.51% | -3.47% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9 Apr - Khandwala Securities confirms it is not a SEBI 'Large Corporate'. 9 Apr - Khandwala Securities confirms it is not a SEBI 'Large Corporate'.
2
Annual Disclosures Under Regulation 31(4) Of SEBI (SAST) Regulations, 2011
7 Apr - Promoters disclosed no encumbrance on pledged shares for FY ended March 31, 2026. 7 Apr - Promoters disclosed no encumbrance on pledged shares for FY ended March 31, 2026.
3
Outcome Of Separate Meeting Of Independent Directors Held On 24Th March 2026
24 Mar - Independent Directors met March 24, 2026; reviewed non-independent directors, chairperson performance and board information flow. 24 Mar - Independent Directors met March 24, 2026; reviewed non-independent directors, chairperson performance and board information flow.
4
Closure of Trading Window
24 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026. 24 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
5
Intimation Of Separate Meeting Of The Independent Directors
18 Mar - Independent directors' meeting on 24 March 2026 to review directors', chairperson's performance and board information flow. 18 Mar - Independent directors' meeting on 24 March 2026 to review directors', chairperson's performance and board information flow.
Frequently Asked Questions about Khandwala Securities Ltd
What does Khandwala Securities Ltd do?
Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.[1]
Where is Khandwala Securities Ltd (KHANDSE) listed?
Khandwala Securities Ltd is listed on the Indian stock exchanges. It is listed on NSE: KHANDSE and BSE: 531892. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Khandwala Securities Ltd belong to?
Khandwala Securities Ltd operates in the Capital Markets sector within the Stock Broking industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Khandwala Securities Ltd?
Khandwala Securities Ltd has a market capitalisation of approximately ₹25.26 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Khandwala Securities Ltd?
The Price-to-Earnings (PE) ratio of Khandwala Securities Ltd is -43.60. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Khandwala Securities Ltd?
Over the past 52 weeks, Khandwala Securities Ltd has traded between a low of ₹12.2 and a high of ₹26.88. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Khandwala Securities Ltd?
Khandwala Securities Ltd has a Return on Equity (ROE) of -2.77%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Khandwala Securities Ltd on Tapetide?
On Tapetide, you can view Khandwala Securities Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1993, Khandwala Securities Ltd is in the business of offering capital market services.[1]
Website kslindia.com
CEO Mr. Paresh Jayantilal Khandwala
Employees 44
Listed 2001-02-07
Face Value ₹ 10
Issued Size 1,52,53,805