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Khandwala Securities Limited

Khandwala Securities Limited

KHANDSE.NS
Khandwala Securities LimitedIN flagNational Stock Exchange of India
17.00
INR
-0.78
- -
259.31MMarket Cap
Khandwala Securities Limited
KHANDSE.NS
(National Stock Exchange of India)

Recent

price

17.00

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
361
314
191

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 (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.