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Prices as of 8 Oct 2026 close · Not investment advice

Khandwala Securities Limited

NSE: KHANDSEStockbroking & Allied

Share price

₹17.21

+0.29% close of 8 Oct 2026

Market cap ₹26 CrP/E —

Business score

How strong the business is, in one number. The parts behind it are in Pro.

25

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹26 Cr

P/E ratio

—

P/B ratio

0.9

ROCE

-3.5%

ROE

-3.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹23.5052-week low ₹12.50

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 10.7% over the past year, and 20.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from -8.3% to -31.7% over the last four years.

Whether it grew faster than its sector

It grew 20.0% a year against a sector median of 16.0% — 4.0 percentage points faster.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
Khandwala Securities Limited — this one———
Monarch Networth Capital Limited62%/yr14.4×₹0.23
SMC Global Securities Limited-5%/yr20.8×—
Geojit Financial Services Limited-4%/yr27.0×—
5Paisa Capital Limited0%/yr35.8×—
Dolat Algotech Limited4%/yr7.4×₹1.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Stockbroking & Allied), it ranks 30 of 31 on returns, 12 of 31 on growth, 29 of 31 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

It is losing money on the capital in the business, so there is no advantage to measure.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹4 crore of cash before any plant spend, funded from shareholders — borrowings did not rise. It has not made a profit over 11 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

Not enough filed accounts to run these checks yet.

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Aug 2026 · Consolidated · Unaudited

Revenue

₹2 Cr

Revenue vs last year

+98.8%

Revenue vs last quarter

-1.4%

Net profit

₹0 Cr

Net margin

3.7%

EPS

₹0.06

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹26 Cr
Prev close
₹17.21
52w High
₹25.5
52w Low
₹12.2
Enterprise value
₹28 Cr
Beta
0.8
Price CAGR 1y
-24.0%
Price CAGR 3y
-13.0%
Price CAGR 5y
0.0%
Price CAGR 10y
0.0%

Ratios

Return on assets
-3.1%
PEG ratio
—
P/E ratio
—
P/B ratio
0.9
EV / EBITDA
—
Industry P/E
20.7
ROCE
-3.5%
ROCE 5y average
-2.2%
ROE
-3.5%
Debt / Equity
0.1
Interest coverage
-4.6
Dividend yield
0.0%
ROE 3y average
-9.0%
ROE last year
-4.0%

Annual P&L

Annual revenue
₹9 Cr
Annual profit
-₹1 Cr
Operating margin
-15.5%
Net profit margin
-14.5%
EBITDA margin
-15.5%
Sales growth 3y
10.7%
Sales growth 5y
18.6%
Profit growth 3y
—
Profit growth 5y
4.0%
EPS
₹-0.8
Sales growth TTM
11.0%
Profit growth TTM
67.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹2 Cr
Profit latest quarter
₹0 Cr
YoY quarterly sales growth
99.1%
YoY quarterly profit growth
—
OPM latest quarter
-3.5%

Balance Sheet

Book Value
₹18.2
Face Value
₹10.0
Total debt
₹3 Cr
Total cash
₹0 Cr
Borrowings
₹3 Cr
Reserves / Equity
0.8

Cash Flow

Operating cash flow
-₹2 Cr
Free cash flow
-₹2 Cr
FCF yield
-9.5%
Net cash flow
-₹2 Cr

Shareholding

Promoter holding
48.8%
FII holding
—
DII holding
—
Public holding
51.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Billionbrains197.7550.91,24,0600.00735.094.31,501.466.037.3
Motil.Oswal.Fin.1,067.9032.564,3920.561,273.79.63,425.825.212.7
360 ONE1,063.0034.443,3611.13330.516.11,226.134.512.1
Nuvama Wealth1,825.9031.133,6911.52305.615.81,376.222.617.5
Angel One302.0026.827,6211.34231.4102.21,429.725.414.8
IIFL Capital346.8519.210,9380.86184.25.0631.52.321.1
Share India Sec.207.2712.54,5360.77124.447.5448.131.318.4
Khandwala Sec.17.16260.000.1113.62.399.1-3.5
Median126.0921.21,0060.4312.523.091.925.213.3

Competes with: 360 ONE WAM LIMITED, Anand Rathi Share and Stock Brokers Limited, Angel One Limited, Billionbrains Garage Ventures Limited, IIFL Capital Services Limited, Motilal Oswal Financial Services Limited, Nuvama Wealth Management Limited, Share India Securities Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1.931.602.162.832.523.142.701.181.143.401.062.302.27
Expenses1.731.361.813.051.977.642.442.411.783.232.073.062.35
Material Cost000000
Change in Inventories-0.020.010.05-0.000.100.04
Purchases of Stock-in-Trade000000
Employee Cost0.810.860.870.900.910.89
Other Expenses1.630.902.301.162.041.42
Operating Profit0.200.240.35-0.220.55-4.500.26-1.23-0.640.17-1.01-0.76-0.08
OPM %101516-7.7722-1439.63-104-565-95-33-3.52
Other Income0.050.040.040.050.064.810.350.370.160.210.660.440.32
Exceptional items (within Other Income)000000
Interest0.060.100.060.050.050.020.010.030.040.060.060.070.08
Depreciation0.050.070.080.120.100.070.070.110.070.080.080.060.07
Profit before tax0.140.110.25-0.340.460.220.53-1-0.590.24-0.49-0.450.09
Tax %00-40-2.17-4.55-1.89105000-2.220
Net Profit0.140.110.27-0.340.480.240.54-2.05-0.590.24-0.49-0.440.08
EPS in Rs0.090.070.18-0.220.310.160.35-1.34-0.390.16-0.32-0.290.05
Diluted EPS in Rs-1.35-0.380.16-0.32-0.290.06

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3.404.143.813.642.873.746.236.458.52108.769.03
Expenses3.604.914.045.446.154.455.295.367.95141011
Material Cost00
Change in Inventories0.140.17
Purchases of Stock-in-Trade00
Employee Cost2.983.54
Other Expenses116.41
Operating Profit-0.20-0.77-0.23-1.80-3.28-0.710.941.090.75-4.16-1.36-1.68
OPM %-5.88-19-6.04-49-114-1915178.62-40-16-19
Other Income0.090.820.032.460.750.030.120.0404.840.591.63
Exceptional items (within Other Income)00
Interest0.320.350.280.230.820.740.710.340.270.110.230.27
Depreciation0.290.300.290.280.280.280.290.290.310.340.290.29
Profit before tax-0.72-0.60-0.770.15-3.63-1.700.060.500.160.22-1.28-0.61
Tax %-1.391.67-1.30-27-1.10-2.94-10010-5.88448-0.78
Net Profit-0.70-0.61-0.760.19-3.59-1.650.120.440.17-0.80-1.27-0.61
EPS in Rs-0.59-0.51-0.640.16-3.01-1.380.100.290.11-0.52-0.83-0.40
Diluted EPS in Rs0.52-0.83
Dividend Payout %00000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
10%
5 years
19%
3 years
11%
TTM
11%

Compounded profit growth

10 years
-15%
5 years
4%
3 years
—
TTM
67%

Stock price CAGR

10 years
0%
5 years
0%
3 years
-13%
1 year
-24%

Return on equity

10 years
-6%
5 years
-5%
3 years
-9%
Last year
-4%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1212121212121215151515
Reserves151413139.698.018.1614141412
Borrowings5.084.924.846.397.746.946.472.641.551.503.07
Other Liabilities8.527.8210151114211116139.77
Total Liabilities4039404740414744484341
Fixed Assets9.789.559.308.418.208.057.798.098.144.254.17
CWIP00000000000
Investments0.030.030.030.771.181.040.612.043.071.321.17
Other Assets3029313831323933363835
Total Assets4039404740414744484341

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3.87-1.350.403.59-3.55-0.213.30-7.24-1.744.02-2.05
Cash from Investing Activity-0.120.280.212-0.400.180.50-1.51-1.17-3.940.64
Cash from Financing Activity0.04-0.50-0.361.320.53-1.54-1.198.40-0.090.29-0.50
Net Cash Flow3.79-1.570.266.90-3.42-1.572.62-0.34-3.010.37-1.91
Free Cash Flow3.36-1.420.366.04-3.62-0.343.27-7.83-2.1013-2.26

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1,0518668768941,195668276444279137167
Cash Conversion Cycle1,0518668768941,195668276444279137167
Working Capital Days318392226-574-69-672-599192-137-233-133
ROCE %-0.80-1.61-4.71-9.22-3.412.882.861.39-15-3.46

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters484848484848484848484949
FIIs0
DIIs0
Public525252525252525252525151
No. of Shareholders3,6264,1284,0813,9444,5494,5774,6474,6144,5614,6044,5714,604

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -24.3% (₹22.74 → ₹17.21)Brick size ₹1.11 (fixed)Bricks 15
₹15.00₹20.00₹17.21Dec '25Apr '26
Price moved up one brickPrice moved down one brickLast close ₹17.21 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

1.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1.79inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Khandwala Securities Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Financial Services
Industry
Stockbroking & Allied
Classification
Financial Services › Stockbroking & Allied
ISIN
INE060B01014

Business segments

  • Feebased Operations · 96%
  • Investment / Stock Operations · 4%

News impact

Big market events that reach Khandwala Securities Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 13 rows from NSE's archive (replace 6, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.