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Khandwala Securities Limited

Khandwala Securities Limited

KHANDSE.BO
Khandwala Securities LimitedIN flagBombay Stock Exchange
17.45
INR
-2.39
- -
279.37MMarket Cap
Khandwala Securities Limited
KHANDSE.BO
(Bombay Stock Exchange)

Recent

price

17.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4.53
2.81
2.62
3.06
3.73
2.52
3.14
2.97
2.83
2.3
3.03
5.12
4.11
5.39
6.2
5.16
5.17
Revenue per Share
0.36
-0.46
-0.29
-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
-0.83
Basic EPS, GAAP
-1.58
1.24
-2.67
0.28
-0.15
2.81
-1.13
0.34
3
-3.03
-0.28
2.74
-4.74
-1.1
2.61
-1.34
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
16.63
16.69
15.88
15.65
15.86
14.76
9.49
14.13
14.23
11.22
9.82
9.95
10.25
10.01
9.76
9.96
10
Book Value per Share
23.97
23.51
23.25
23.03
23.24
19.98
19.48
18.84
18.89
15.89
14.44
14.58
17.44
16.99
16.97
16.35
16.4
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
15
16
15
15
15
Basic Weighted Avg Shares
54
34
31
37
45
30
37
35
34
27
36
61
63
85
95
79
79
Sales/Revenue/Turnover
4.52
-24.72
-22.7
-12.66
2.63
-26.59
-39.15
-22.27
-59.62
-132.99
-30.4
8.75
9.95
14.35
-55.11
-31.87
-31.87
Operating Margin (%)
4
4
3
3
6
3
3
3
3
3
3
3
3
3
3
3
3
Depreciation Expense
4
-5
-4
-3
3
-7
-6
-8
2
-36
-17
1
4
2
-8
-13
-13
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.78
- -
456.37
- -
0.04
Effective Tax Rate (%)
8.02
-16.38
-11.2
-7.61
5.63
-23.33
-16.33
-21.52
5.62
-130.64
-45.7
1.95
7.06
2.04
-8.39
-16.1
-16.09
Profit Margin (%)
88
87
73
84
88
88
87
69
58
74
-5
-12
99
2
61
-21
-21
Working Capital
46
37
37
28
28
31
29
28
49
62
69
65
26
15
14
29
29
LT Debt
307
302
298
295
298
285
279
271
267
231
200
201
295
297
289
277
277
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.9
- -
60.2
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.81
- -
-7
- -
-9.31
Return on Capital (%)
2.21
-2.76
-1.8
-1.48
1.33
-3.84
-4.23
-5.4
1.12
-23.61
-13.15
1.01
3.22
1.11
-5.19
-8.39
-8.39
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
29
- -
29
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
- -
15
Market Capitalization
350
308
202

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
311
- -
76
Cash, Cash Equivalents & STI
122
- -
13
Accounts Receivable, Net
152
- -
40
Inventories
- -
- -
- -
Total Current Liabilities
200
- -
97
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
12.94%
20.46%
-17.24%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19
16
22
28
85
2025
25
31
27
12
95
2026
11
34
11
23
79

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.07
0.18
- -
0.11
2025
0.31
0.15
0.35
-1.35
-0.52
2026
-0.38
0.16
-0.32
-0.29
-0.83

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Khandwala Securities Limited operates as a full-service financial services company providing a comprehensive range of products and services including stock broking, investment banking, portfolio management, research analysis, and investment advisory services. The company offers investment banking solutions such as capital raising, mergers and acquisitions advisory, domestic IPOs, foreign currency convertible bonds (FCCBs), private equity placements, corporate finance advisory, restructuring, global depository receipts (GDRs), and qualified institutional placements (QIP). Institutional equity services include equity sales, execution, and research. Broking and distribution services cover non-institutional equity sales, trading, research, depository participant services, and third-party product distribution, including equity, derivatives, mutual funds, structured products, and insurance. Its technology-enabled offerings include mobile and browser-based online trading applications under the KSL EazyTrade, KSL Prive, and KSL EazyTrade Browser brands. The company serves a diverse client base including public and private sector corporations, multinational corporations, financial institutions, institutional investors, high net worth individuals, retail investors, and market intermediaries. Founded in 1934, Khandwala Securities is headquartered in Mumbai, India, and operates primarily in the Indian financial markets. Recent notable developments at Khandwala Securities include strategic operational optimizations implemented at the end of FY 2025, aimed at streamlining the payroll to enhance competitive efficiency while ensuring adequate staffing aligned with business requirements. The Board recently approved the re-appointment of Mr. Pranav Khandwala as Whole-time Director for a five-year term starting in February 2025, reflecting leadership continuity. Financially, the company experienced a significant quarter-on-quarter consolidated revenue increase of 176.9% in Q2 FY 2025-26, despite a year-on-year revenue decline, indicating volatility in performance. The company continues to emphasize delivering unbiased advisory services through detailed analysis and dynamic research, leveraging nearly 90 years of market experience. Khandwala Securities maintains its position as a SEBI-registered merchant banker and portfolio manager with expanded offerings in structured products and continued focus on innovation in online trading platforms to enhance client engagement and market presence.