On 6 Nov 2026, Indo Thai Securities was priced at ₹31.46, or 21.4× trailing earnings, against an industry P/E of 18.4×, and the shares are 93% below their 52-week high. It earns ROCE of 29% and ROE of 7.4%, and sales grew 103% a year over 3 years. It has almost no debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹418 Cr, ranked 45th of 219 Capital Markets companies by market cap; the shares fell 92% over the past year.
- ₹31.40
- ₹31.99
- ₹29.99
- ₹30.72
- 3.5 L
Health check
- ReturnsBehind
−92.0% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 21.4 vs industry 18.4.
- GrowthStrong
Sales +103.1% a year over 3 years.
- ProfitabilityStrong
ROCE 28.9% vs peer median 22.1%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags4 to check
Return on equity is low at 7.4%.
Small cap
High beta
Key metrics
- Market cap
- ₹418 Cr
- Small cap
- P/E
- 21.4
- Industry 18.4
- Price to book
- 1.53
- Peers 4.53
- Dividend yield
- 0.64%
- ROE
- 7.4%
- Peers 18.9%
- ROCE
- 28.9%
- Peers 22.1%
- Debt to equity
- 0.01
- Debt ₹4.05 Cr
- EPS (TTM)
- ₹1.47
- Face value ₹1
- OPM (TTM)
- 494.3%
- Net margin 23.6%
- Sales growth
- −68.9%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 5.32
Strengths and risks
Strengths
- Return on capital employed of 28.9%.
- Practically debt-free.
- Net margin of 23.6%.
Risks to check
- Return on equity is low at 7.4%.
- Quarterly sales down 68.9% on a year ago.
- 93% below its 52-week high.
- Promoter stake down from 56.8% to 54.8%.
About Indo Thai Securities
Indo Thai Securities Limited engages in the stock and share broking, depository participants, and other related ancillary businesses in India. The company operates through Equity, F&O, Currency Derivatives, Mutual Fund, Income from Depository Operations, and Commodity segments. It is involved in the trading of equity broking, commodity broking, currency broking, algorithmic trading, institutional desk services, research and advisory services, depository…
- Headquarters
- Indore
- Employees
- 115
- Sector
- Financial Services
- ISIN
- INE337M01021
- Website
- indothai.co.in
Price range
- Avg volume (3M)
- 18.7 L
- 1-year return
- minus 92.0%
- From 52-week high
- minus 93.3%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| INDOTHAIIndo Thai Securities | 31.46 | plus 2.41% | 418 | 21.4 | 1.53 | 28.9% | 7.4% | 494.3% | 103.1% | – | 0.64% | minus 92.0% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 2.8 | – | 2.7 | 3 | 3.1 | 3.3 | |
| −7.5 | – | −16.5 | −26.7 | −9.1 | 4.2 | |
| 10.3 | 16.1 | 19.2 | 29.6 | 12.2 | −0.9 | |
| 372.8% | – | 703.9% | 999.9% | 389.1% | −26.5% | |
| 0 | – | 4.2 | 3.2 | 3.7 | 4.4 | |
| 0.3 | – | 0.6 | 1.2 | 0.9 | 0.5 | |
| 0.1 | – | 0.1 | 0.2 | 0.2 | 0.2 | |
| – | – | – | – | – | −46.1 | |
| 9.8 | – | 22.6 | 31.4 | 14.9 | −43.3 | |
| 12.5% | – | 24.8% | 16.5% | 26.0% | 17.2% | |
| 8.6 | – | 17 | 26.2 | 11 | −35.8 | |
| 0.72 | – | 1.35 | 2.02 | 0.85 | -2.70 |
Profit & loss
- Sales CAGR 3Y
- +103.1%
- ROE
- 7.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.6 | 24 | 14.9 | 46.8 | |
| – | +329.4% | minus 37.8% | +213.6% | |
| 16.3 | 26.2 | 11.1 | −25.6 | |
| −10.7 | −2.3 | 3.9 | 72.4 | |
| −192.4% | −9.4% | 25.9% | 154.8% | |
| 2.5 | 23.1 | 7.5 | 12.8 | |
| 0.1 | 0.9 | 0.8 | 1.2 | |
| 0.5 | 0.5 | 0.6 | 0.7 | |
| 0 | 0.2 | 0.3 | −0 | |
| −8.9 | 19.7 | 10.4 | 83.2 | |
| 20.3% | 22.1% | 23.9% | 20.5% | |
| −6.5 | 16 | 8.2 | 66.4 | |
| – | – | minus 48.4% | +704.9% | |
| -0.65 | 1.60 | 0.78 | 5.29 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 11.7 | 12.9 | |
| 48.5 | 63 | 168 | 271 | |
| 3.1 | 5.7 | 3.2 | 24 | |
| 45.5 | 42.8 | 45.4 | 66.2 | |
| 107 | 122 | 228 | 374 | |
| 2.2 | 2.4 | 2.1 | 3.3 | |
| 7.1 | 4.5 | 103 | 141 | |
| 17.2 | 29.2 | 75.4 | 162 | |
| 80.7 | 85.6 | 47.1 | 68 | |
| 107 | 122 | 228 | 374 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.3 | −2.7 | −21.5 | −33.7 | |
| −1.6 | 3.4 | −75.3 | −22 | |
| 0.4 | 0.2 | 94.9 | 58.1 | |
| 0.2 | 0.8 | −1.9 | 2.4 | |
| −0.4 | −2.2 | −0.4 | −1.7 | |
| 0.9 | −4.9 | −21.9 | −35.4 | |
| −1 | −1.6 | −0.6 | −1.2 |
Shareholding pattern
- Promoters54.77%
- Public45.23%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.77% | 45.23% | minus 1.30 | |
| 30 Jun 2026 | 56.07% | 43.93% | minus 0.44 | |
| 31 Mar 2026 | 56.51% | 43.49% | minus 0.26 | |
| 31 Dec 2025 | 56.77% | 43.23% | – |
Major shareholders
Filings & events
News
No recent news coverage found.