Summit Securities Ltd - Stock Valuation and Financial Performance

BSE: 533306 | NSE: SUMMITSEC | Finance - NBFC | Small Cap

Summit Securities Share Price

1,214 14.30 1.19%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Summit Securities

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Summit Securities stock performance -

mw4me loader
P/E Ratio (SA):
44.22
Market Cap:
1,325.8 Cr.
52-wk low:
517.9
52-wk high:
1,507

Is Summit Securities Ltd an attractive stock to invest in?

1. Is Summit Securities Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Summit Securities Ltd is a below average quality company.

2. Is Summit Securities Ltd undervalued or overvalued?

The key valuation ratios of Summit Securities Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Summit Securities Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Summit Securities Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Summit Securities:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Summit Securities Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)6.28.917.12.786.114.331.11529.626.141
YoY Gr. Rt. %-43.5%93.2%-84.1%3052.8%-83.4%117.6%-51.7%97.3%-12%-
Adj EPS (₹ ) 4.67.214.45.269.210.923.4818.217.827.5
YoY Gr. Rt. %-57.3%99.5%-64.2%1244.5%-84.2%114.1%-66%128.8%-2%-
BVPS (₹ )384.1391.4405.8410.9480.11,651.61,092.92,059.52,142.32,196.13,247.3
YoY Gr. Rt. %-1.9%3.7%1.3%16.9%244%-33.8%88.5%4%2.5%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)1.21.83.51.215.411.60.50.80.80

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income17.4%-21.2%-5.7%-12%
Adj EPS16.3%-23.8%-8.6%-2%
BVPS21.4%35.5%26.2%2.5%
Share Price 23.3% 15.5% 32.3% 124.7%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)8188.791.6205.787.783.38257.766.974.573.2
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)1.21.93.61.315.511.70.50.90.80.8

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.00%

Total income growth is good in last 4 quarters

Total Income has declined 117.73 CAGR in last 3 years

Net Profit has declined -8.63 CAGR in last 3 years

Latest Financials - Summit Securities Ltd.

Standalone Consolidated
TTM EPS (₹) 27.5 60.9
TTM Sales (₹ Cr.) 40.9 90
BVPS (₹.) 3,247.3 7,176
Reserves (₹ Cr.) 3,529 7,812
P/BV 0.37 0.17
PE 44.22 19.97
From the Market
52 Week Low / High (₹) 517.90 / 1507.00
All Time Low / High (₹) 41.55 / 1507.00
Market Cap (₹ Cr.) 1,326
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 31

Management X-Ray of Summit Securities:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Summit Securities

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income69173861431153026
Interest Income69173861431153026
Other Income 0000000010
Expenditure 1111227232
Interest Expense 0000000000
Operating Expenses 1111122222
Provisions 0000004000
Exceptional Items 0000000000
Profit Before Tax 58162841224132824
Taxes 000-490-1484
Profit After Tax 5816675122592019
Adjusted EPS (₹)4.67.214.45.269.210.923.48.018.217.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital4194274424485231,8001,1912,2452,3352,394
Share Capital 11111111111111111111
Reserves 4084164314375131,7901,1812,2342,3252,383
Minority Interest0000000000
Long Term Borrowings0000016176216228234
Current Liabilities 1010104444433
Trade Payables0000000000
Short term borrowings0000000000
Other Liabilities0000000000
Total Liabilities 4294374534525271,9651,2712,4652,5672,631

Assets

Non Current Asset 4264334434485191,9611,2602,4612,5542,617
Loan Asset 0000000000
Other Non Current Asset 4264334434485191,9611,2602,4612,5542,617
Current Asset 34104831131314
Current Investment0000000000
Other Current Asset34104831131314
Total Assets 4294374534525271,9651,2712,4652,5672,631

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 138161-51228-11619
Cash Flow From Investing Activity -16-7-9-72-9-21-6-6-18
Cash Flow From Financing Activity 0000000000
Net Cash Flow -216-6-337-7101
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)5714569112381818
DPS (₹)0000000000
BVPS (₹)38439140641148016521093206021422196

Performance Ratios

ROA (%)1.21.83.51.215.41.01.60.50.80.8
ROE (%)1.21.93.61.315.51.01.70.50.90.8
ROCE (%)1.31.93.60.417.41.01.60.81.21.0

Valuation Parameters

Price/Book(x)0.40.60.71.31.60.40.30.30.30.3

Summit Securities Ltd Stock News

Summit Securities Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Summit Securities on 28-Mar-2024 16:01 is ₹1,214.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Summit Securities stood at ₹1,325.8.
The latest P/E ratio of Summit Securities as of 28-Mar-2024 16:01 is 44.22.
The latest P/B ratio of Summit Securities as of 28-Mar-2024 16:01 is 0.37.
The 52-week high of Summit Securities is ₹1,507 and the 52-week low is ₹517.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Summit Securities is ₹40.94 ( Cr.) .

About Summit Securities Ltd

Summit Securities Limited (Formerly RPG Itochu Finance Limited) was originally incorporated in India on January 30, 1997, under the Companies Act, 1956 as a public limited company. The Company has obtained registration as a Non Banking Finance Company from the Reserve Bank of India.

Pursuant to a scheme of arrangement between Erstwhile Summit Securities Limited (erstwhile Summit) and Brabourne Enterprises Limited (Brabourne) and Octav Investments Limited (Octav) and CHI Investments Limited (CHI) and the Company, the Company took over the entire assets and liabilities of CHI, erstwhile Summit, Brabourne and Octav with effect from the appointed date of the Scheme of arrangement i.e. March 31, 2009.

The assets taken over were predominantly the investments held by the transferor companies in various listed and unlisted companies. Accordingly, the company is an Investment Company and has a varied investment portfolio consisting of both listed and unlisted companies. The Company’s shares are listed on National Stock Exchange of India Limited and BSE Limited.

Business area of the company

The Company is a non-deposit taking Systemically Important Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) and is engaged in the business of providing loans and making investments in shares and securities.

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