Khandwala Securities Limited

Khandwala Securities Limited

15.16
INR
-1.53
(-9.17%)
-0.40EPS
259.31MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.06
3.73
2.52
3.14
2.97
2.83
2.3
3.03
5.12
4.11
5.39
6.27
5.19
6.05
Basic EPS, GAAP
-0.23
0.21
-0.59
-0.51
-0.64
0.16
-3.01
-1.38
0.1
0.29
0.11
-0.52
-0.83
-0.4
Free Cash Flow per Basic Share
0.28
-0.15
2.81
-1.13
0.34
3
-3.03
-0.28
2.74
-4.74
-1.1
2.64
-1.34
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
23.05
23.26
22.17
21.66
21.03
21.12
18.11
16.71
16.84
19.33
19.46
18.94
18.19
- -
Tangible Book Value per Share
23.03
23.24
19.98
19.48
18.84
18.89
15.89
14.44
14.58
17.44
17.61
17.13
16.41
- -
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
15
16
15
15
15
Sales/Revenue/Turnover
37
45
30
37
35
34
27
36
61
63
85
96
79
90
Operating Margin (%)
-12.66
2.63
-26.59
-39.15
-22.27
-59.62
-132.99
-30.4
8.75
9.95
14.35
-12.16
-30.61
-21.86
Depreciation Expense
3
6
3
3
3
3
3
3
3
3
3
3
3
3
Net Income, GAAP
-3
3
-7
-6
-8
2
-36
-17
1
4
2
-8
-13
-6
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.78
- -
456.36
- -
- -
Profit Margin (%)
-7.61
5.63
-23.33
-16.33
-21.52
5.62
-130.64
-45.7
1.95
7.06
2.04
-8.38
-16.06
-6.66
Working Capital
84
88
88
87
69
58
74
-5
-12
99
2
-53
-21
- -
LT Debt
28
28
31
29
28
49
62
69
65
26
15
14
29
- -
Total Equity
295
298
285
279
271
267
231
200
201
295
297
289
277
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.9
- -
4.88
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.38
- -
-3.55
- -
- -
Return on Common Equity (%)
-1.01
0.91
-2.59
-2.34
-2.99
0.75
-15.32
-7.94
0.59
1.79
0.59
-2.73
-4.49
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
2
- -
LT Borrowings
- -
29
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
308
202
259

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
76
- -
Cash, Cash Equivalents & STI
- -
13
- -
Accounts Receivable, Net
- -
40
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
97
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.8%
8.3%
-3.97%
Free Cash Flow
-172.6%
-390.42%
-150.84%
Net Income, GAAP
-255.44%
-79.38%
58.76%
Sales/Revenue/Turnover
12.97%
20.51%
-17.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
25
31
27
12
96
2026
11
34
11
23
79
2027
23
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.31
0.15
0.35
-1.35
-0.52
2026
-0.38
0.16
-0.32
-0.29
-0.83
2027
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Paresh Jayantilal Khandwala
Full Time Employees
43
Sector
Finance
Industry
Investment banks/Brokers
Address
G-II, Dalamal House Mumbai MA India 400021
IPO Date
Mar 15, 2002
Business
Khandwala Securities Limited (KHANDSE:NSI) is an India-based financial services firm engaged in stock broking, investment banking, portfolio management services, research analysis, and investment advisory; its offerings encompass equity and derivatives trading, mutual funds distribution, IPO advisory and distribution, structured products, depository services, third-party product distribution, and NRI investment solutions via online platforms including KSL EazyTrade (mobile and browser-based applications), KSL Prive, and KSL EazyWealth. Incorporated in February 1993 as a private limited company and converted to a deemed public company in 1995, the firm traces its group heritage to 1934 and maintains headquarters at G-II, Ground Floor, Dalamal House, Nariman Point, Mumbai, India, with operations focused on institutional investors, high-net-worth individuals, corporates, financial institutions, and retail clients across India's capital markets through two primary segments: fee-based advisory services covering mergers and acquisitions, equity and debt issue management, portfolio management, and broking; and investment/trading activities in stocks. The company serves public and private sector corporations, multinational entities, market intermediaries, and retail participants with unbiased research, detailed market analysis, and personalized strategies delivered through a compact team of approximately 35-44 employees. Recent developments include the release of its audited annual report for fiscal year 2023-2024 in May 2025, highlighting strategic insights and financial disclosures amid ongoing revenue growth of about 69% in sales for 2025, alongside sustained partnerships with service providers for alternative asset class portfolio management services and consistent board engagements such as the May 2025 meeting for financial considerations, reinforcing its boutique focus on market intermediation, transaction execution, and value enhancement programs without notable acquisitions, funding rounds, or reorganizations in the past 1-2 years.