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Rikhav Securities Ltd (544340)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544340 NSE: Finance - Stock Broking | Small Cap | Rikhav Securities Share Price
₹58.50 8.35 (16.65%)
As on 22-Sep'26 13:09
Rikhav Securities Ltd (544340)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544340 NSE: Finance - Stock Broking | Small Cap | Rikhav Securities Share Price
₹58.50 8.35 (16.65%)
As on 22-Sep'26 13:09
Key Metrics
Valuation Multiples
Market Cap
₹192 Cr.
Current Price
₹58.5
52-Week Low / High
₹34 / 78
TTM EPS
₹5
TTM Sales
₹1,976 Cr.
Book Value per Share
₹59.2
P/E Ratio
10.13
Higher than its 5-year historical median
Industry PE
47.6
Price to Book (P/B)
0.85
Lower than its 5-year historical median
Price to Sales (P/S)
0.10
Lower than its 5-year historical median
EV/EBITDA
6.41
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
12.97%
Outperforms industry median
Return on Capital Employed (ROCE)
17.17%
Outperforms industry median
Return on Assets (ROA)
8.10%
Operating Profit Margin
8.1%
Net Profit Margin
7.45%
Gross Profit Margin
9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
207.87%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-46.51%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-43.92%
Asset Quality
Promoter Holding
64.05%
Pledged shares (%) of Promoter's holding (%)
16.62%
Reserves
₹207 Cr.
Equity
₹19.2 Cr.
Face Value
₹5
All Time Low / High
₹34.00 / 171.57
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Rikhav Securities Ltd a good quality company?
Rikhav Securities Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Rikhav Securities Ltd performance compare with that of its Peers?
Revenue growth of Rikhav Securities Ltd vs industry peers?
Rikhav Securities Ltd revenue CAGR is 107.66%, compared to the industry median CAGR of 8.02%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Rikhav Securities Ltd?
Promoters hold 64.05% of the Rikhav Securities Ltd, with 16.62% of their stake pledged, indicating high pledge risk.
Stock return of Rikhav Securities Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -27.36% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Rikhav Securities Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 30.7% | 30.2% | 38.6% | 17.3% | - |
| Value Creation Index ⓘ | 1.2 | 1.2 | 1.8 | 0.2 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 35.3 | 48.6 | 103 | 318 | 1,976 |
| Sales YoY Gr. | - | 37.7% | 112.8% | 207.9% | - |
| Adj EPS ⓘ | 5.8 | 6.7 | 14.1 | 6.3 | 5 |
| YoY Gr. | - | 16.2% | 109.8% | -55.8% | - |
| BVPS (₹) ⓘ | 25.3 | 32 | 46.2 | 59.2 | 59.2 |
| Adj Net Profit ⓘ | 17.4 | 20.2 | 42.4 | 23.9 | 19 |
| Cash Flow from Ops. ⓘ | 0 | -31 | 105 | -187 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.3 | 0.4 | -0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 108.2% | 207.9% | ||||
| Adj EPS ⓘ | NA | NA | 2.5% | -55.8% | ||||
| BVPSⓘ | NA | NA | 32.8% | 28.2% | ||||
| Share Price | - | - | - | -16.7% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 23 | 23.5 | 36.2 | 13.1 | 8.4 |
| Op. Profit Mgn % ⓘ | 54.6 | 49 | 46.5 | 8.2 | NAN |
| Net Profit Mgn % ⓘ | 49.3 | 41.6 | 41 | 7.5 | 1 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.3 | 0 | - |
| Working Cap Days ⓘ | 0 | 110 | 282 | 258 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -1,493 | -827 | -6 | 0 |
Valuation of Rikhav Securities - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 16.62 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Income + | 43 | 55 | 111 | 328 |
| Exceptional Items ⓘ | 7 | 5 | 7 | 10 |
| Expenditure ⓘ + | 21 | 30 | 59 | 300 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 22 | 25 | 51 | 28 |
| Taxes ⓘ | 4 | 5 | 9 | 4 |
| Profit After Tax | 18 | 20 | 42 | 24 |
| Adjusted EPS (₹) | 5.9 | 6.4 | 14.1 | 6.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 76 | 95 | 139 | 227 | ||||||
| Short term borrowings | 15 | 10 | 40 | 0 | ||||||
| Long Term Borrowings | 0 | 0 | 1 | 1 | ||||||
| Current Liabilities | 105 | 92 | 155 | 63 | ||||||
| Trade Payables | 82 | 72 | 105 | 62 | ||||||
| Other Liabilities | -97 | -82 | -145 | -62 | ||||||
| Total Liabilities ⓘ | 181 | 188 | 294 | 291 | ||||||
Assets | ||||||||||
| Non Current Asset + | 76 | 79 | 270 | 178 | ||||||
| Current Asset + | 105 | 108 | 24 | 112 | ||||||
| Total Assets ⓘ | 181 | 188 | 294 | 291 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -37 | -9 | 109 | -188 |
| Cash Flow From Investing Activity ⓘ | 76 | 1 | -97 | 140 |
| Cash Flow From Financing Activity ⓘ | -18 | -8 | -3 | 19 |
| Net Cash Flow ⓘ | 22 | -17 | 9 | -29 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 35.30 | 12.80 | 28.20 | 6.20 | ||||||
| DPS (₹) | 0 | 0 | 0 | 0 | ||||||
| BVPS (₹) | 151.9 | 63.4 | 92.5 | 59.2 | ||||||
Performance Ratios | ||||||||||
| ROA (%) | 9.8 | 10.6 | 17.5 | 8.1 | ||||||
| ROE (%) | 23.2 | 22.9 | 36.2 | 13.0 | ||||||
| ROCE (%) | 28.0 | 28.5 | 38.3 | 17.2 | ||||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 1.1 | ||||||
Top 5 Mutual Funds Holding
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Announcements
Rikhav Securities Ltd FAQs
The current trading price of Rikhav Securities on 22-Sep-2026 13:09 is ₹58.50.
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 21-Sep-2026 the market cap of Rikhav Securities stood at ₹192.0 Cr
The latest P/E ratio of Rikhav Securities as of 21-Sep-2026 is 10.09.
The latest P/B ratio of Rikhav Securities as of 21-Sep-2026 is 0.85.
The 52-week high of Rikhav Securities is ₹77.50 and the 52-week low is ₹34.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rikhav Securities is ₹1,976 ( Cr.) .
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 Fair 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.
About Rikhav Securities Ltd
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
- 2013: Received Award from CDSL for Excellent Performer in Depository Services.
- 2015: Received certificate of appreciation from NSE for support of Company in making the NIFTY 50 Index.
- 2015: Derivatives contract the World’s largest traded index options contract in 2015.
- 2016: Received certificate of appreciation from NSE for being top performer member in Currency Futures.
- 2017: Received Award from ICICI for being IPO Star Performer.
- 2018: Received Award from ICICI for being IPO Champion.
- 2018: Received Award from MCX for Recognition and Sincere Appreciation in 15 years journey of MCX.
- 2019: Received Award from NSE for their 25 years Contribution in NSE.
- 2022: Received Award from NSE for celebrating Silver Jubilee of Nifty 50 & 20 years of Derivatives Trading.
History and milestones
- 1995: Company was incorporated as Public Company named as Brijmohan Sagarmal Finance Limited.
- 2006: Name of the Company changed to Rikhav Securities Limited.
- 2007: Registered as Trading Member in Capital Market of BSE.
- 2007: Registered as Trading Member in Capital Market of NSE.
- 2007: Registered as Trading Member in F&O Trading of NSE.
- 2007: Registered as Depository Participant in CDSL.
- 2007: First Demat Account opened.
- 2007: Received Certificate of Registration as Participant from SEBI.
- 2008: Registered as Trading Member in MCX.
- 2008: Registered as Trading Member in Currency Derivative Segment in MCX.
- 2008: The company crossed the 5,000 mark in opening of Demat Accounts.
- 2010: The company crossed the 10,000 mark in opening of Demat Accounts.
- 2011: Registered as Trading Member in F&O segment in BSE.
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