Khandwala Securities Limited KHANDSE NSEFINANCIAL
Khandwala Securities Limited provides stock broking, investment banking, portfolio management, and research analyst and investment advisory services in India. It operates in two segments, Fee-Based and Investment/Trading in Stock. The company offers investment banking services, including capital raising, mergers and acquisitions advisory, domestic IPOs, FCCBs, private equity placements, corporate finance advisory, restructuring, FCCBs, and GDRs; institutional equities services, such as institutional equity sales, execution, and research; and broking and distribution services comprising non-institutional equity sales, trading, research, depository participant ship, and broking and distribution. It also provides investment advisory services, including private and corporate wealth management; and portfolio management services, such as planning and asset deployment advice, and asset allocation and distribution of various products. In addition, the company is involved in the provision of financial advisory services related to equity and debt issue management, and portfolio management and broking; trading, investing and speculation activities in capital markets; and mobile and browser based online trading applications under the KSL EazyTrade, KSL Prive, and KSL EazyWealth Browser brand. Further, it provides equity, derivatives, mutual funds, structured products, depository, and insurance products, as well as third party product distribution services. The company serves public and private sector corporations, multinational corporations, financial institutions, institutional investors, high net worth individuals, and retail investors, as well as market intermediaries. Khandwala Securities Limited was founded in 1934 and is headquartered in Mumbai, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Earnings shrank at -128.9% CAGR over 5 years.
- Trading 36.6% 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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | KHANDSE Khandwala Securities Limited NSEFINANCIAL | 17.65 | - | ₹26.92 Cr | - | -3.41% | -4.49% | 7.94% | -128.90% |
| 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% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | 2.70 Cr | 1.18 Cr | 1.14 Cr | 3.40 Cr | 1.06 Cr | 2.30 Cr |
| Cost of Revenue | - | 85.29 L | 78.16 L | 87.10 L | 92.80 L | 89.99 L | 1.01 Cr |
| Gross Profit | - | 1.85 Cr | 39.97 L | 27.10 L | 2.47 Cr | 15.54 L | 1.28 Cr |
| Operating Expenses | - | 1.65 Cr | 1.74 Cr | 97.24 L | 2.38 Cr | 1.25 Cr | 2.10 Cr |
| Operating Income | - | 19.36 L | -1.34 Cr | -70.14 L | 9.31 L | -1.09 Cr | -81.57 L |
| EBITDA | - | 61.59 L | -86.40 L | -47.74 L | 37.45 L | -34.29 L | -31.97 L |
| Interest Expense | - | 1.16 L | 2.81 L | 4.08 L | 5.60 L | 6.28 L | 7.14 L |
| Pretax Income | - | 53.36 L | -1.00 Cr | -58.69 L | 24.33 L | -49.03 L | -45.09 L |
| Tax Provision | - | -57,000 | 1.05 Cr | -9,000 | 1,000 | -26,000 | -1.08 L |
| Net Income | - | 53.92 L | -2.05 Cr | -58.60 L | 24.32 L | -48.77 L | -44.01 L |
| Diluted EPS | 0.15 | 0.35 | -1.35 | -0.38 | 0.16 | -0.32 | -0.29 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 6.28 Cr | 8.53 Cr | 9.54 Cr | 7.89 Cr |
| Cost of Revenue | - | 2.47 Cr | 3.20 Cr | 3.11 Cr | 3.71 Cr |
| Gross Profit | - | 3.81 Cr | 5.33 Cr | 6.42 Cr | 4.18 Cr |
| Operating Expenses | - | 3.19 Cr | 4.11 Cr | 11.68 Cr | 6.70 Cr |
| Operating Income | - | 62.48 L | 1.22 Cr | -5.26 Cr | -2.52 Cr |
| EBITDA | - | 1.08 Cr | 69.13 L | 67.64 L | -76.57 L |
| Interest Expense | - | 28.56 L | 21.42 L | 10.85 L | 23.10 L |
| Pretax Income | - | 49.68 L | 16.38 L | 22.46 L | -1.28 Cr |
| Tax Provision | - | 5.35 L | -1.01 L | 1.02 Cr | -1.42 L |
| Net Income | - | 44.32 L | 17.39 L | -80.04 L | -1.27 Cr |
| Diluted EPS | - | 0.29 | 0.11 | -0.52 | -0.83 |
Compounded Sales Growth
| 5 Years: | 7.94% |
| 1 Year: | - |
Compounded Profit Growth
| 5 Years: | -128.90% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -24.73% |
| 6 Months: | -19.92% |
| 3 Months: | +1.15% |
| 1 Month: | +7.29% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 43.57 Cr | 47.61 Cr | 43.31 Cr | 40.59 Cr |
| Current Assets | - | 21.19 Cr | 16.44 Cr | 18.88 Cr | 7.59 Cr |
| Cash & Equivalents | - | 2.46 L | 6.43 L | 1.48 L | 1.94 L |
| Inventory | - | - | - | - | - |
| Receivables | - | 7.84 Cr | 6.65 Cr | 3.87 Cr | 4.01 Cr |
| Total Liabilities | - | 14.08 Cr | 17.92 Cr | 14.42 Cr | 12.85 Cr |
| Current Liabilities | - | 11.31 Cr | 16.25 Cr | 12.77 Cr | 9.68 Cr |
| Long Term Debt | - | 2.61 Cr | 1.47 Cr | 1.42 Cr | 2.88 Cr |
| Total Debt | - | 2.64 Cr | 1.55 Cr | 1.50 Cr | 2.88 Cr |
| Total Equity | - | 29.49 Cr | 29.68 Cr | 28.89 Cr | 27.74 Cr |
| Shares Outstanding | - | 1.53 Cr | 1.53 Cr | 1.53 Cr | 1.53 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -7.24 Cr | -1.74 Cr | 4.02 Cr | -2.05 Cr |
| Investing Cash Flow | - | -1.51 Cr | -1.17 Cr | -3.94 Cr | 63.54 L |
| Financing Cash Flow | - | 8.40 Cr | -9.14 L | 28.53 L | -50.05 L |
| Capital Expenditure | -2.97 L | -59.10 L | -35.93 L | - | -21.26 L |
| Free Cash Flow | - | -7.83 Cr | -2.10 Cr | 4.02 Cr | -2.26 Cr |
| Net Change in Cash | - | -33.77 L | -3.01 Cr | 37.32 L | -1.91 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 60.7% | 62.5% | 67.3% | 53.0% |
| Operating Margin % | - | 10.0% | 14.3% | -55.1% | -31.9% |
| Net Margin % | - | 7.1% | 2.0% | -8.4% | -16.1% |
| ROE % | - | 1.5% | 0.6% | -2.8% | -4.6% |
| ROCE % | - | 1.9% | 3.9% | -17.2% | -8.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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