Is Khandwala Securities Ltd (KHANDSE) a good quality company?

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

Is Khandwala Securities Ltd (KHANDSE) undervalued or overvalued?

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

What is Khandwala Securities Ltd (KHANDSE) share price return in the past 10 years?

Khandwala Securities Ltd share price has declined -0.3% annually (CAGR) over the past ten years.

Is Khandwala Securities Ltd (KHANDSE) a good buy now?

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

What is the share price of Khandwala Securities Ltd (KHANDSE)?

Company share prices are keep on changing according to the market conditions. The current trading price of Khandwala Securities Ltd (KHANDSE) on 17-Apr-2026 16:59:59 at 16:59 is 16.00.

What is the P/E ratio of Khandwala Securities?

The latest standalone P/E ratio of Khandwala Securities as of 17-Apr-2026 is 0.00.

What is the P/B ratio of Khandwala Securities Ltd (KHANDSE)?

The latest standalone P/B ratio of Khandwala Securities Ltd (KHANDSE) as of 17-Apr-2026 is 0.79.

What is the 52-week high and low of Khandwala Securities Ltd (KHANDSE)?

The 52-week high of Khandwala Securities Ltd (KHANDSE) is Rs. 29.89 and the 52-week low is Rs. 12.80.

Khandwala Securities Ltd (KHANDSE) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Khandwala Securities Ltd (KHANDSE)
Brand: Khandwala Securities

Khandwala Securities Ltd (KHANDSE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Khandwala Securities Ltd (KHANDSE)

BSE: 531892 NSE: KHANDSE

Key Metrics

Market Cap

₹23 Cr.

Earnings Per Share (TTM)

₹-1.89

P/E Ratio

0.00

Price to Book (P/B)

0.79

EV/EBITDA

-19.16

Current Price

₹16

Return on Capital Employed (ROCE)

1.06%

Return on Equity (ROE)

-2.67%

Return on Assets (ROA)

-1.75%

Gross NPA(%)

0.00

Book Value per Share

₹18.8

Net NPA(%)

0.00

Dividend Yield

0.00%

Net Interest Income Growth (1 Year)

Net Interest Income Growth (3 Years)

52-Week Low / High

₹13 / 30

Book Value Growth (1 Year)

-2.62%

Book Value Growth (3 Years)

3.68%

DeciZen - make an informed investing decision on Khandwala Securities

Based on:

Data

M-Cap below 100cr DeciZen not available

Khandwala Securities stock performance

Key Ratios

Is Khandwala Securities Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-1.2%	-0.8%	-1.6%	1.2%	-9%	-3.3%	2.8%	2.8%	1.4%	1.1%	-
Value Creation Index ⓘ	-1.1	-1.1	-1.1	-0.9	-1.7	-1.2	-0.8	-0.8	-0.9	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3	3.7	3.5	3.4	2.7	3.6	6.1	6.3	8.5	9.5	7
Sales YoY Gr.	-	23.3%	-4.6%	-5.1%	-18.5%	31.4%	69.4%	2.6%	36.1%	12%	-
Adj EPS ⓘ	-0.6	-0.5	-0.6	0.2	-3	-1.4	0.1	0.3	0.1	-0.5	-1.9
YoY Gr.	-	NA	NA	NA	-1975%	NA	NA	190%	-62.1%	-572.7%	-
BVPS (₹) ⓘ	22.7	22.2	21.6	21.7	18.6	17.2	17.4	19.8	19.9	19.4	18.8
Adj Net Profit ⓘ	-0.7	-0.6	-0.8	0.2	-3.6	-1.7	0.1	0.4	0.2	-0.8	-3
Cash Flow from Ops. ⓘ	3.9	-1.4	0.4	3.6	-3.6	-0.2	3.3	-7.2	-1.8	4	-
Debt/CF from Ops. ⓘ	0.8	-2.2	7	1.4	-1.8	-33.4	2	-0.4	-0.9	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.7%	28.3%	16.1%	12%
Adj EPS ⓘ	NA	NA	-273.3%	-572.7%
BVPSⓘ	-1.8%	0.8%	3.7%	-2.6%
Share Price	-0.3%	1.7%	-16%	-25.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-2.6	-2.3	-2.9	0.7	-14.9	-7.7	0.6	1.8	0.6	-2.7	-9.9
Op. Profit Mgn % ⓘ	-18	-32.3	-13.4	-55.4	-42.8	-23.5	13.6	21	7.3	-51	-39.9
Net Profit Mgn % ⓘ	-23.3	-16.4	-21.2	5.7	-131.1	-45.9	2	7.1	2	-8.4	-42.5
Debt to Equity ⓘ	0.1	0.1	0.1	0.2	0.3	0.3	0.3	0.1	0.1	0.1	-
Working Cap Days ⓘ	3,107	2,407	2,619	2,839	3,223	2,427	1,647	1,674	1,355	1,178	493
Cash Conv. Cycle ⓘ	627	263	157	10	-16	-141	-855	-961	-613	-595	186

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-1.9	-1.9
TTM Sales (₹ Cr.)	6.8	6.8
BVPS (₹) ⓘ	18.8	18.4
Reserves (₹ Cr.) ⓘ	13	13
P/BV ⓘ	0.79	0.81
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	12.80 / 29.89
All Time Low / High (₹)	5.05 / 467.00
Market Cap (₹ Cr.)	22.7
Equity (₹ Cr.)	15.3
Face Value (₹)	10
Industry PE ⓘ	52.9

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

23.80

23.79

23.69

23.68

23.60

23.55

23.54

23.53

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

Valuation of Khandwala Securities - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Income +	3.49	4.96	3.86	6.10	3.68	3.80	6.35	6.49	8.70	15.13
Interest Income	3.01	3.71	3.54	3.36	2.74	3.60	6.10	6.26	8.52	9.54
Other Income ⓘ	0.08	0.85	0.08	0.50	2.38	0.10	0.07	0.59	1.11	4.35
Exceptional Items ⓘ	0.48	1.25	0.32	2.74	0.95	0.21	0.26	0.22	0.18	5.59
Expenditure ⓘ +	4.20	5.56	4.62	5.94	7.31	5.50	6.29	5.99	8.54	14.90
Interest Expense ⓘ	0.32	0.35	0.28	0.23	0.82	0.74	0.71	0.34	0.27	0.11
Operating Expenses ⓘ	3.80	4.36	4.27	5.21	4.11	4.66	5.51	5.06	7.15	10.44
Provisions	0.08	0.85	0.08	0.50	2.38	0.10	0.07	0.59	1.11	4.35
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-0.72	-0.60	-0.76	0.16	-3.63	-1.70	0.06	0.50	0.16	0.23
Taxes ⓘ	-0.01	0.01	-0.01	-0.04	-0.04	-0.05	-0.06	0.05	-0.01	1.03
Profit After Tax	-0.70	-0.61	-0.75	0.19	-3.59	-1.65	0.12	0.44	0.17	-0.80
Adjusted EPS (₹)	-0.6	-0.5	-0.6	0.2	-3.0	-1.4	0.1	0.3	0.1	-0.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Equity Capital +	29.07	28.47	27.72	27.34	23.75	20.57	20.73	30.12	30.31	29.52
Share Capital ⓘ	13.94	13.94	13.94	13.44	13.44	11.94	11.94	15.25	15.25	15.25
Reserves ⓘ	15.14	14.53	13.78	13.90	10.31	8.64	8.79	14.87	15.05	14.26
Short term borrowings	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	4.05	3.97	2.88	4.97	6.25	6.95	6.44	2.47	1.33	1.28
Current Liabilities	7.49	6.70	10.16	15.04	10.35	14.25	20.46	11.31	16.25	12.77
Trade Payables	7.07	6.27	9.69	14.81	9.98	12.44	20.04	10.92	15.66	11.39
Other Liabilities	-7.07	-6.27	-9.69	-14.81	-9.98	-12.44	-20.04	-10.92	-15.66	-11.39
Total Liabilities ⓘ	40.61	39.13	40.76	47.35	40.35	41.77	47.62	43.89	47.89	43.56
Assets
Non Current Asset +	24.54	23.91	23.89	26.66	22.70	28.13	28.49	22.85	31.59	24.82
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	24.54	23.91	23.89	26.66	22.70	28.13	28.49	22.85	31.59	24.82
Current Asset +	16.07	15.22	16.87	20.68	17.65	13.65	19.14	21.04	16.30	18.73
Current Investment	0	0.03	0.03	0.15	0.05	0.07	0.06	1.52	2.87	11.07
Other Current Asset	16.07	15.19	16.84	20.53	17.60	13.58	19.08	19.53	13.43	7.67
Total Assets ⓘ	40.61	39.13	40.76	47.35	40.35	41.77	47.62	43.89	47.89	43.56

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ	3.90	-1.35	0.40	3.59	-3.55	-0.21	3.30	-7.24	-1.75	4.03
Cash Flow From Investing Activity ⓘ	-0.16	0.28	0.21	2	-0.40	0.18	0.50	-1.51	-1.17	-3.94
Cash Flow From Financing Activity ⓘ	0.04	-0.50	-0.36	1.32	0.53	-1.54	-1.19	8.40	-0.09	0.29
Net Cash Flow ⓘ	3.79	-1.57	0.26	6.90	-3.42	-1.57	2.62	-0.34	-3.01	0.37

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Operational & Financial Ratios
EPS (₹)	-1	-1	-1	0	-3	-1	0	0	0	-1
DPS (₹)	0	0	0	0	0	0	0	0	0	0
BVPS (₹)	23	22	22	22	19	17	17	20	20	19
Performance Ratios
ROA (%)	-1.8	-1.5	-1.9	0.4	-8.2	-4.0	0.3	1.0	0.4	-1.8
ROE (%)	-2.6	-2.3	-2.9	0.7	-14.9	-7.7	0.6	1.8	0.6	-2.7
ROCE (%)	-1.2	-0.8	-1.6	1.2	-9.0	-3.3	2.8	2.8	1.4	1.1
Valuation Parameters
Price/Book(x)	0.8	0.8	0.8	0.8	0.7	0.9	1.2	1.2	1.5	1.2

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Khandwala Securities Ltd FAQs

The current trading price of Khandwala Securities on 17-Apr-2026 16:59 is ₹16.00.

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 16-Apr-2026 the market cap of Khandwala Securities stood at ₹22.68 Cr

The latest P/E ratio of Khandwala Securities as of 16-Apr-2026 is 0.00.

The latest P/B ratio of Khandwala Securities as of 16-Apr-2026 is 0.79.

The 52-week high of Khandwala Securities is ₹29.89 and the 52-week low is ₹12.80.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Khandwala Securities is ₹6.78 ( Cr.) .

About Khandwala Securities Ltd

Khandwala Securities Ltd. (KSL), though having commenced operations in Feb 1993, has a group expertise in financial services dating back all the way to 1934. Today, they continue to demonstrate their value and expertise of several decades and are today ranked as one of the most reputed brokerage house in the country. KSL was incorporated as specialized broking, portfolio management, investment banking, and related financial services arm of the Group in 1993.

KSL is known for innovative initiatives as Principal broking Member of National Stock Exchange in PMS and Indian Capital Market Developments.

The company caters to several leading Foreign Institutional Investors, mutual funds, banks, corporate and High Net-Worth Individuals, both at domestic and international level.They have inherited a tradition. A tradition built on relationship, performance and trust. These values and principles of the Group are primarily responsible for achieving excellence in market intermediation and financial advisory services. And they take pride in doing this consistently, year after year, decade after decade.

KSL is a specialized Institutional Dealing and Investment Banking firm with an exemplary track record of cutting-edge research, service innovation, transaction execution and solution structuring. Part of a group with over seven decades of market intermediation and transaction execution expertise, KSL today is recognized as a specialist financial services firm delivering intelligent research, transaction execution, corporate advisory and structured fund raising services to its clients across multiple markets and geographies.

KSL's top management has combined wealth of experience of several decades in the Indian financial markets, led by eminent Board of Directors, with impeccable credentials.

KSL is corporate member of following segments:

NSE Capital Market
BSE Capital Market
NSE Futures & Options
NSE Currency Futures
NSE Wholesale Debt Market
National Commodity and Derivatives Exchange (NCDEX)
Over The Counter Exchange of India (OTCEI)

Services offered by the company:

Institutional Broking
Investment Banking
Corporate Advisory
Portfolio Management Services
Retail Financial Services

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Khandwala Securities Ltd (KHANDSE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Khandwala Securities Share Price