Joindre Capital Services (BSE: JOINDRE) had a P/E of 4.6× on 6 Nov 2026, below the industry P/E of 18.4×, and the shares are 16% below their 52-week high. Sales and net profit grew 7.9% and 66% a year over 3 years, with ROCE of 18% and ROE of 17%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.19× equity, and its dividend yield is 4.2%. It is a small-cap company with a market cap of ₹65 Cr, ranked 105th of 219 Capital Markets companies by market cap; the shares fell 6.3% over the past year.
- ₹48.00
- ₹48.90
- ₹45.26
- ₹47.98
- 4.9K
Health check
- ReturnsBehind
−6.3% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +7.9%, profit +65.6% a year over 3 years.
- ProfitabilityAverage
ROCE 18.5% vs peer median 22.1%.
- Balance sheetFair
Debt 0.19× equity, interest covered 25.5×, Piotroski 4 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹65 Cr
- Small cap
- P/E
- 4.6
- Industry 18.4
- Price to book
- 0.70
- Peers 4.53
- Dividend yield
- 4.23%
- ROE
- 16.6%
- Peers 18.9%
- ROCE
- 18.5%
- Peers 22.1%
- Debt to equity
- 0.19
- Debt ₹18 Cr
- EPS (TTM)
- ₹10.21
- OPM (TTM)
- −3.3%
- Net margin 37.6%
- Sales growth
- +4.2%
- Latest quarter vs a year ago
- Profit growth
- +7.0%
- Latest quarter vs a year ago
- Price to sales
- 1.68
Strengths and risks
Strengths
- Dividend yield of 4.23%.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- Interest coverage of only −0.5×.
About Joindre Capital Services
Joindre Capital Services Limited, together with its subsidiary, engages in the share stock broking and allied activities in India. The company offers retail investment; institutional broking, including buying and selling of stocks, securities, and derivative products; portfolio management services; derivatives, such as trading in future and options contracts; mutual funds; initial public offering services; internet trading; research services comprising…
- Headquarters
- Mumbai
- Employees
- 76
- Sector
- Financial Services
- ISIN
- INE024B01010
- Website
- joindre.com
Price range
- Avg volume (3M)
- 1.6K
- 1-year return
- minus 6.3%
- From 52-week high
- minus 15.8%
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% |
| JOINDREJoindre Capital Services | 47.26 | minus 1.50% | 65 | 4.6 | 0.70 | 18.5% | 16.6% | −3.3% | 7.9% | 65.6% | 4.23% | minus 6.3% |
| 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 |
|---|---|---|---|---|---|
| 6.9 | 6.8 | 6.4 | 6.5 | 7.2 | |
| 6.7 | 6.6 | 6.8 | 7.4 | 7.1 | |
| 0.2 | 0.2 | −0.4 | −0.9 | 0.1 | |
| 2.8% | 2.7% | −5.5% | −13.1% | 1.8% | |
| 2.8 | 3.2 | 3 | 2.8 | 3 | |
| 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | |
| 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | |
| 0 | 0 | −0 | 7 | −0 | |
| 2.7 | 3 | 2.3 | 8.7 | 2.9 | |
| 26.2% | 31.4% | 27.4% | 5.2% | 26.8% | |
| 2 | 2.1 | 1.7 | 8.3 | 2.1 | |
| 1.43 | 1.49 | 1.20 | 5.99 | 1.53 |
Profit & loss
- Sales CAGR 3Y
- +7.9%
- Profit CAGR 3Y
- +65.6%
- EPS CAGR 3Y
- +65.7%
- ROE
- 16.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.2 | 30.7 | 33.6 | 26.7 | |
| – | +44.8% | +9.4% | minus 20.7% | |
| 21.4 | 27.7 | 30.6 | 27 | |
| −0.2 | 3 | 3.1 | −0.3 | |
| −1.0% | 9.7% | 9.1% | −1.2% | |
| 5.4 | 8.2 | 11.8 | 11.4 | |
| 0.4 | 0.4 | 1 | 0.7 | |
| 0.5 | 0.6 | 0.7 | 0.6 | |
| −0 | −7 | 0.1 | 6.9 | |
| 4.3 | 3.1 | 13.4 | 16.7 | |
| 27.8% | 84.3% | 25.5% | 16.3% | |
| 3.1 | 0.5 | 10 | 14 | |
| – | minus 84.1% | +1933.9% | +40.4% | |
| 2.22 | 0.35 | 7.20 | 10.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.8 | 13.8 | 13.8 | 13.8 | |
| 57.9 | 58.5 | 65.7 | 77 | |
| 4.4 | 14.8 | 1 | 0.5 | |
| 35.8 | 86.7 | 65.4 | 84.1 | |
| 112 | 174 | 146 | 175 | |
| 8.7 | 1.5 | 1.4 | 7.3 | |
| 7 | – | – | 6.6 | |
| 19.7 | 39.8 | 20.8 | 36.6 | |
| 20.8 | 40.7 | 32.3 | 39.3 | |
| 55.7 | 91.8 | 91.5 | 85.6 | |
| 112 | 174 | 146 | 175 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −26.4 | 12.8 | −5.4 | −5.3 | |
| −2.7 | 16.8 | 12 | 11.2 | |
| −2.8 | 8.1 | −17.9 | −3.4 | |
| −32 | 37.7 | −11.3 | 2.6 | |
| −0.4 | −0.3 | −0.6 | −0.3 | |
| −26.8 | 12.6 | −6.1 | −5.6 | |
| −1.7 | −1.7 | −2.8 | −2.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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