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Indo Thai Securities Limited INDOTHAI NSEFINANCIAL

Financial Services · Capital Markets · India
https://indothai.co.in

Indo Thai Securities Limited engages in the stock and share broking, depository participants, and other related ancillary businesses in India. The company operates through Brokering, Commission & Related Activities; Real Estate Business; and Environmental Technology segments. It is involved in the trading of equities and derivatives, commodities derivatives, and currency derivatives; purchase and sale of properties; development of land; real estate rental business; and provision of mutual fund, depository, initial public offering, algorithmic trading, and wealth management services, as well as bonds and fixed deposits. The company also provides life insurance products; and trading platform and mobile/desktop applications under the Winstock brand, as well as engages in the development of environmental technologies, and investment and trading of shares. It serves corporate clients, high net worth individuals, mega traders, and retail investors. The company was incorporated in 1995 and is based in Indore, India.

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₹227.10
+20.45% 1Y

Market & Price

Market Cap
₹2,920.92 Cr
Current Price
₹227.10
High / Low (52W)
₹460.40 / ₹147.94
Beta
1.53

Valuation

Stock P/E
43.09
Industry PE
19.12
Forward P/E
-
PEG Ratio
-
Book Value
₹22.12
Price to Book
10.27
P/S
28.73
EV/EBITDA
-
Dividend Yield
0.07%

Profitability & Returns

ROCE
26.46%
ROE
28.29%
ROA
21.98%
Profit Margin
65.09%
Op Margin
84.30%
EPS (Latest Qtr)
₹2.02
EPS (TTM)
₹5.27

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
1.94
Current Ratio
1.95
Debt
₹23.99 Cr
Total Assets
₹374.09 Cr
Current Assets
₹160.57 Cr
Working Capital
₹110.82 Cr

Ownership

Promoter Holding
56.51%
Chg in Prom Hold
-
FII / Inst Holding
0.00%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹2,796.36 Cr
Total Revenue (TTM)
₹101.65 Cr
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
₹-33.67 Cr
Shares Outstanding
₹12.86 Cr
Gross Margin
95.68%
Payout Ratio
1.90%

Growth (CAGR)

Revenue 5Y
25.51%
Profit 5Y
373.47%
Revenue (YoY)
1,879.70%
Earnings (YoY)
-

PROS

  • Strong return on equity of 28.3%.
  • Healthy ROCE of 26.5%.
  • Excellent profit margin of 65.1%.
  • Compounding revenue at 25.5% over 5 years.
  • Profit CAGR of 373.5% over 5 years.

CONS

  • Trading 50.7% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 INDOTHAI Indo Thai Securities Limited NSEFINANCIAL 227.10 43.09 ₹2,920.92 Cr 0.07% 26.46% 28.29% 25.51% 373.47%
2 HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL 744.55 16.61 ₹11.46 L Cr 1.75% - 13.82% 32.50% 20.39%
3 ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL 1,256.40 16.81 ₹9.01 L Cr 0.88% - 16.36% 19.65% 16.78%
4 SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU 964.40 10.58 ₹8.90 L Cr 1.80% - 15.48% 12.19% 14.39%
5 KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL 384.20 19.80 ₹3.82 L Cr 0.13% - 11.39% 14.58% 8.92%
6 LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU 411.35 9.06 ₹2.60 L Cr 2.43% - 42.36% 7.61% 16.86%
7 SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL 947.15 17.79 ₹2.23 L Cr 1.46% - 16.38% 15.48% 18.59%
8 SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL 1,830.10 74.06 ₹1.84 L Cr 0.15% - 13.70% 11.67% 12.81%
9 ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL 3,538.50 53.19 ₹1.75 L Cr 0.70% 98.30% 85.80% 28.94% 29.58%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 2.57 Cr2.87 Cr2.76 Cr-2.73 Cr2.96 Cr
Cost of Revenue 2.75 Cr2.59 Cr2.75 Cr-2.91 Cr3.75 Cr
Gross Profit -17.52 L28.73 L46,000--18.67 L-78.55 L
Operating Expenses -5.42 Cr-7.16 Cr-16.19 Cr-19.24 Cr-30.17 Cr
Operating Income --5.13 Cr7.17 Cr16.05 Cr19.05 Cr29.38 Cr
EBITDA 1.69 Cr-1.91 Cr10.27 Cr-23.38 Cr32.80 Cr
Interest Expense 32.17 L28.53 L34.70 L-60.85 L1.21 Cr
Pretax Income 1.21 Cr-2.36 Cr9.79 Cr-22.62 Cr31.36 Cr
Tax Provision 25.10 L21.21 L1.22 Cr-5.62 Cr5.18 Cr
Net Income 95.55 L-2.58 Cr8.57 Cr-17.00 Cr26.18 Cr
Diluted EPS 0.09-0.250.72-1.352.02

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -5.58 Cr23.97 Cr10.47 Cr11.04 Cr
Cost of Revenue -5.45 Cr6.79 Cr10.62 Cr12.14 Cr
Gross Profit -13.58 L17.18 Cr-14.86 L-1.11 Cr
Operating Expenses -11.40 Cr97.79 L-3.30 Cr-72.76 Cr
Operating Income --11.27 Cr16.20 Cr3.15 Cr71.66 Cr
EBITDA --8.23 Cr20.81 Cr12.15 Cr86.48 Cr
Interest Expense -14.67 L57.47 L1.17 Cr2.61 Cr
Pretax Income --8.90 Cr19.72 Cr10.36 Cr83.22 Cr
Tax Provision --1.81 Cr4.36 Cr2.47 Cr17.06 Cr
Net Income --6.48 Cr15.98 Cr7.89 Cr66.16 Cr
Diluted EPS 0.99-0.651.600.75-

Compounded Sales Growth

5 Years:25.51%
1 Year:1,879.70%

Compounded Profit Growth

5 Years:373.47%
1 Year:-

Stock Price Performance

1 Year:+20.45%
6 Months:-50.21%
3 Months:-9.58%
1 Month:-23.52%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -107.12 Cr121.52 Cr227.86 Cr374.09 Cr
Current Assets -24.28 Cr42.03 Cr91.14 Cr160.57 Cr
Cash & Equivalents -1.96 Cr2.79 Cr89.11 L3.29 Cr
Inventory -46.59 L54.27 L54.67 L98.13 L
Receivables -2.86 Cr7.76 Cr18.41 Cr6.92 Cr
Total Liabilities -45.89 Cr46.47 Cr46.86 Cr87.29 Cr
Current Liabilities -45.38 Cr46.03 Cr44.28 Cr49.74 Cr
Long Term Debt -3.11 Cr5.75 Cr3.20 Cr23.99 Cr
Total Debt -3.11 Cr5.75 Cr3.20 Cr23.99 Cr
Total Equity -58.54 Cr72.99 Cr179.29 Cr283.86 Cr
Shares Outstanding -10.00 Cr10.00 Cr11.69 Cr12.86 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -1.35 Cr-2.75 Cr-21.50 Cr-33.67 Cr
Investing Cash Flow --1.57 Cr3.42 Cr-75.28 Cr-22.05 Cr
Financing Cash Flow -40.15 L15.30 L94.87 Cr58.12 Cr
Capital Expenditure --40.77 L-2.18 Cr-40.08 L-1.70 Cr
Free Cash Flow -94.15 L-4.93 Cr-21.90 Cr-35.37 Cr
Net Change in Cash -17.60 L83.17 L-1.90 Cr2.40 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -2.4%71.7%-1.4%-10.0%
Operating Margin % --201.8%67.6%30.1%649.2%
Net Margin % --116.1%66.7%75.4%599.4%
ROE % --11.1%21.9%4.4%23.3%
ROCE % --18.2%21.5%1.7%22.1%

Shareholding Pattern

Insiders
56.51%
Institutions
0.00%
Public Float
0.00%

Analyst View

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