Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 544340 | NSE: | Finance - Stock Broking |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rikhav Securities Ltd is a below average quality company.
The key valuation ratios of Rikhav Securities Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rikhav Securities Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 30.7% | 30.2% | 38.3% | - |
| Value Creation Index ⓘ | 1.2 | 1.2 | 1.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 35.3 | 48.6 | 103 | 103 |
| Sales YoY Gr. | - | 37.7% | 112.8% | - |
| Adj EPS ⓘ | 5.8 | 6.7 | 14.1 | 11.1 |
| YoY Gr. | - | 16.2% | 109.8% | - |
| BVPS (₹) ⓘ | 25.3 | 32 | 46.2 | 59.1 |
| Adj Net Profit ⓘ | 17.4 | 20.2 | 42.4 | 42 |
| Cash Flow from Ops. ⓘ | 0 | -31 | 105 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.3 | 0.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 112.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 109.8% | ||||
| BVPSⓘ | NA | NA | NA | 44.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 23 | 23.5 | 36.2 | 21 |
| Op. Profit Mgn % ⓘ | 54.6 | 49 | 46 | NAN |
| Net Profit Mgn % ⓘ | 49.3 | 41.6 | 41 | 41 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 110 | 282 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -1,493 | -804 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 21.00%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 11.1 | 11.1 |
| TTM Sales (₹ Cr.) | 103 | 104 |
| BVPS (₹.) ⓘ | 59.1 | 59 |
| Reserves (₹ Cr.) ⓘ | 207 | 207 |
| P/BV ⓘ | 1.22 | 1.22 |
| PE ⓘ | 6.50 | 6.46 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 65.80 / 171.57 |
| All Time Low / High (₹) | 65.80 / 171.57 |
| Market Cap (₹ Cr.) | 275 |
| Equity (₹ Cr.) | 19.2 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 25.3 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Income | 43 | 54 | 110 |
| Interest Income | 35 | 49 | 103 |
| Other Income ⓘ | 7 | 5 | 7 |
| Expenditure ⓘ | 21 | 29 | 59 |
| Interest Expense ⓘ | 3 | 4 | 3 |
| Operating Expenses ⓘ | 16 | 25 | 56 |
| Provisions | 2 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 21 | 24 | 51 |
| Taxes ⓘ | 4 | 4 | 9 |
| Profit After Tax | 17 | 20 | 42 |
| Adjusted EPS (₹) | 5.8 | 6.7 | 14.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 76 | 96 | 138 | |||||||
| Share Capital ⓘ | 5 | 15 | 15 | |||||||
| Reserves ⓘ | 71 | 81 | 123 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Long Term Borrowings | 0 | 0 | 0 | |||||||
| Current Liabilities | 95 | 90 | 155 | |||||||
| Trade Payables | 82 | 72 | 105 | |||||||
| Short term borrowings | 5 | 8 | 40 | |||||||
| Other Liabilities | -87 | -80 | -145 | |||||||
| Total Liabilities ⓘ | 171 | 186 | 294 | |||||||
Assets | ||||||||||
| Non Current Asset | 80 | 105 | 271 | |||||||
| Loan Asset | 0 | 0 | 0 | |||||||
| Other Non Current Asset ⓘ | 80 | 105 | 271 | |||||||
| Current Asset | 92 | 81 | 22 | |||||||
| Current Investment | 0 | 0 | 0 | |||||||
| Other Current Asset | 92 | 81 | 22 | |||||||
| Total Assets ⓘ | 171 | 186 | 294 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 35 | 13 | 28 | |||||||
| DPS (₹) | 0 | 0 | 0 | |||||||
| BVPS (₹) | 152 | 64 | 92 | |||||||
Performance Ratios | ||||||||||
| ROA (%) | 10.2 | 11.3 | 17.7 | |||||||
| ROE (%) | 23.0 | 23.5 | 36.2 | |||||||
| ROCE (%) | 30.7 | 30.2 | 38.3 | |||||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | |||||||
Rikhav Securities Limited was originally incorporated under the name ‘Brijmohan Sagarmal Finance Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 21, 1995, issued by the Additional, Registrar of Companies, Maharashtra. Subsequently the name of the company was changed to ‘Rikhav Securities Limited’ vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on November 12, 2005 and a Fresh Certificate of Incorporation pursuant to change of name dated February 13, 2006, was issued by Registrar of Companies, Maharashtra, Mumbai.
The company is engaged the business of equity broking, investing, and trading activities. It is registered with SEBI as a stock broker and hold memberships with BSE, the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). Its services encompass a comprehensive range of financial activities such as, equity broking, it offers cash delivery, intra-day trading, futures, and options. It is actively involved in trading across various derivative and commodity segments. Additionally, as a SelfClearing Member of both the Indian Clearing Corporation Limited (ICCL) and NSE Clearing (NCL), it ensures the smooth settlement of trades. It also assists clients in participating in Initial Public Offerings (IPOs) and provide depository services, including the opening and maintenance of demat accounts. As a mutual fund advisor and distributor, it guides clients through mutual fund investments, ensuring they navigate their options effectively.
The company also engaged in the business of Market Making by way of supporting companies that have recently listed their securities on stock exchanges. By facilitating the buying and selling of these securities post-initial public offerings (IPOs), it enhances liquidity and market efficiency. Its market-making activities involve providing two-way quotes during trading hours to ensure liquidity in the SME segment. Its revenue model includes fixed fees from corporates, which consist of one-time and annual fees, as well as additional earnings from spreads and other trading activities in secondary market transactions. Its commitment in market making continues to contribute to the dynamic and efficient functioning of the securities market.
The company is also engaged in making proprietary investments in various tradable securities. It invests in both securities and derivatives, currency with sufficient liquidity. The investment strategies are mostly to earn arbitrage gain done based on analysis and investment rationale.
Business area of the company
The company is engaged in the business of equity broking, investing, and trading activities.
Awards, accreditations, and accolades
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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