On 6 Nov 2026, Palash Securities was priced at ₹80.50, or 5.0× trailing earnings, against an industry P/E of 25.9×, and the shares are 33% below their 52-week high. Sales fell 2.5% a year over 3 years, with ROCE of 2.8% and ROE of 3.0%, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹81 Cr, ranked 53rd of 69 Asset Management companies by market cap; the shares fell 31% over the past year.
- ₹80.50
- ₹80.50
- ₹78.02
- ₹80.98
- 1.7K
Health check
- ReturnsBehind
−31.0% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −2.5% a year over 3 years.
- ProfitabilityWeak
ROCE 2.8% vs peer median 38.5%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags5 to check
Return on equity is low at 3.0%.
Small cap
Defensive
Key metrics
- Market cap
- ₹81 Cr
- Small cap
- P/E
- 5.0
- Industry 25.9
- Price to book
- 0.17
- Peers 13.19
- Dividend yield
- 0.00%
- ROE
- 3.0%
- Peers 35.3%
- ROCE
- 2.8%
- Peers 38.5%
- Debt to equity
- 0.00
- Debt ₹0.10 Cr
- EPS (TTM)
- ₹16.18
- Face value ₹10
- OPM (TTM)
- −4.7%
- Net margin 44.5%
- Sales growth
- −99.2%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.22
- EV/EBITDA −60.5
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 3.0%.
- Quarterly sales down 99.2% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 33% below its 52-week high.
- Interest coverage of only −2.1×.
About Palash Securities
Palash Securities Limited, an investment company, engages in the food processing business in India and internationally. It operates through two segments, Investing business and Food Processing Business. The company offers canned fruits, vegetables, and food products, such as jams, squashes, crushes, vegetable sauces, juices, and breakfast cereals, as well as tomato ketchup, pasta, and vermicelli under the Morton brand name. It also invests in and deals in…
- Headquarters
- Kolkata
- Sector
- Financial Services
- ISIN
- INE471W01019
- Website
- birla-sugar.com
Price range
- Avg volume (3M)
- 1.9K
- 1-year return
- minus 31.0%
- From 52-week high
- minus 33.5%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| PALASHSECUPalash Securities | 80.50 | minus 0.59% | 81 | 5.0 | 0.17 | 2.8% | 3.0% | 39.7% | −2.5% | – | 0.00% | minus 31.0% |
| Median of 7 peers | – | 0.36% | 1,13,701 | 38.7 | 13.19 | 38.5% | 35.3% | 75.8% | 25.0% | 27.2% | 1.18% | −2.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 13.6 | 25.4 | 10.1 | 0.1 | 0.1 | |
| 15.8 | 25.7 | 11.3 | 0.3 | 0.2 | |
| −2.3 | −0.3 | −1.2 | −0.1 | −0.1 | |
| −16.8% | −1.0% | −11.7% | −112.8% | −108.1% | |
| 0.1 | 0.2 | 23.2 | −4.3 | −1.5 | |
| 0.7 | 0.8 | 0.3 | 0 | 0 | |
| 0.2 | 0.2 | 0.1 | 0 | 0 | |
| 0 | 0 | 0 | −0.2 | 0.2 | |
| −3 | −1 | 21.7 | −4.7 | −1.4 | |
| −0.5% | −161.6% | 0.3% | 11.8% | −2.5% | |
| −1.6 | −0.7 | 22.4 | −4.1 | −1.5 | |
| -1.57 | -0.65 | 22.43 | -4.14 | -1.46 |
Profit & loss
- Sales CAGR 3Y
- −2.5%
- ROE
- 3.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53.1 | 40.9 | 48.6 | 49.2 | |
| – | minus 22.9% | +18.8% | +1.2% | |
| 64.2 | 52.3 | 56.5 | 52.9 | |
| −11.2 | −11.4 | −7.9 | −3.7 | |
| −21.1% | −27.9% | −16.3% | −7.6% | |
| 0.4 | 0.4 | 0.4 | −5.1 | |
| 3 | 2.6 | 3 | 1.8 | |
| 0.8 | 0.7 | 0.6 | 0.4 | |
| 0 | 0 | −6.4 | 23.9 | |
| −14.5 | −14.3 | −17.5 | 12.9 | |
| −11.8% | −9.9% | −0.9% | 9.4% | |
| −15.6 | −9.6 | −12.7 | 16.1 | |
| -15.57 | -9.62 | -12.66 | 16.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 10 | 10 | |
| 375 | 473 | 577 | 474 | |
| 19.7 | 30.2 | 24.4 | 0.1 | |
| 29.6 | 46.8 | 77.6 | 40.4 | |
| 434 | 560 | 689 | 524 | |
| 46.4 | 45.8 | 46.7 | 2.4 | |
| – | – | – | 1.3 | |
| 349 | 486 | 609 | 479 | |
| 12.3 | 10.9 | 10.8 | 10 | |
| 26.3 | 17.2 | 22.2 | 31.3 | |
| 434 | 560 | 689 | 524 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −13.4 | −12.1 | −4.9 | −17.9 | |
| 0.3 | −3 | −3.1 | −3.6 | |
| 18 | 5.6 | 16 | 14 | |
| 4.8 | −9.6 | 8 | −7.6 | |
| −0.1 | −0 | −0.5 | −1.9 | |
| −13.5 | −12.2 | −5.4 | −19.8 |
Shareholding pattern
- Promoters72.18%
- Public27.82%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.18% | 27.82% | 0.00 | |
| 30 Jun 2026 | 72.18% | 27.82% | 0.00 | |
| 31 Mar 2026 | 72.18% | 27.82% | 0.00 | |
| 31 Dec 2025 | 72.18% | 27.82% | 0.00 | |
| 30 Sep 2025 | 72.18% | 27.82% | – |
Major shareholders
Filings & events
News
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