KHANDSEFinancial Services

Khandwala Securities Limited

Stockbroking & Allied · ISIN INE060B01014 · BSE 531892 · NSE EQ · FV ₹10
Last price
₹18
+0.46%today
What this company does

Khandwala Securities Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹2 cr of revenue in its latest quarter (Q1 FY27) and kept 3.7% of sales as profit.

In the report:
29out of 100
Equitytale Health Score
Fragile

Healthier than 29% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 26–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Cash quality22

Whether reported profit actually arrives as cash

Growth & consistency30

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk58

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 98% vs last year
Promoters hold 49%
Watch-outs
! Thin 3.7% net margin
! 23.3% of promoter stake pledged
! Low 1.2% return on equity
! Operating cash flow is negative

What if I invest in KHANDSE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹18 +0.46%
latest close · 2026-09-17
1-year return
+1.6%
52-wk low ₹1452-wk high ₹41
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio73.3High
LowAverageHigh
P/B ratio0.97Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.2%Weak
WeakFairStrong ▸15%
Return on capital2.1%Weak
WeakFairStrong
Net margin3.7%Thin
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.10Comfortable
LowModerateHigh ▸1
Current ratio0.78Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹27 cr
Book value
₹18
EPS
₹0.06
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
0.8%
Earnings yield
1.37%
P/S
2.96
Sales / share
₹5.9
Tax rate
-2.1%
Face value
₹10
Shares
1.5 cr
Working capital
₹-2 cr
Current assets
₹8 cr
Current liabilities
₹10 cr
Delivery %
83.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2 cr
Other Income₹32.2 L
Total Income₹3 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹3.6 L
Employee Benefit Expense₹89.1 L
Finance Costs₹8.2 L
Depreciation & Amortisation₹7.4 L
Other Expenses₹1 cr
Total Expenses₹3 cr
Profit before Tax₹8.3 L
Tax Expense₹-0.17 L
Net Profit₹8.4 L
Net margin on total income3.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3.6 L1.4%
Employee benefit expense₹89.1 L34.4%
Finance costs₹8.2 L3.2%
Depreciation & amortisation₹7.4 L2.8%
Other expenses₹1 cr55.0%
Profit for the period₹8.4 L3.3%
Total income ₹3 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1 cr2 cr2 cr
Total income2 cr3 cr3 cr
Expenses2 cr3 cr3 cr
Profit before tax-49 L-45.1 L8.3 L
Tax-0.26 L-1.1 L-0.17 L
Net profit (owners' share)-48.8 L-44 L8.4 L
Net margin (owners' share, on revenue)-46.2%-19.1%3.7%
EPS (₹)-0.32-0.290.06
YoY (latest quarter): total income +99.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹41 cr
Shareholder equity
₹28 cr
parent shareholders
Total debt
₹3 cr
Cash
₹1.9 L
Cash flow · H1 FY26
Operating
₹-1 cr
Investing
₹-7.3 L
Financing
₹-9.3 L
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹187₹1.17 L cr39.4
Motilal Oswal Financial Services Limited₹989₹59,534 cr11.7
360 ONE WAM LIMITED₹1,061₹43,163 cr32.6
Nuvama Wealth Management Limited₹1,687₹30,803 cr25.1
Angel One Limited₹295₹26,949 cr29.0
IIFL Capital Services Limited₹337₹10,562 cr14.2
Share India Securities Limited₹218₹4,780 cr9.6
Anand Rathi Share and Stock Brokers Limited₹501₹3,155 cr33.7
Monarch Networth Capital Limited₹368₹2,917 cr16.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
23.3% pledged
Promoter
48.8%
Public
51.2%
Promoter stake up 1.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtParesh Khandwala · Key Managerial Personnel698 · ₹10,49824 Mar 26
BoughtParesh Khandwala · Key Managerial Personnel529 · ₹8,22123 Mar 26
BoughtParesh Khandwala · Key Managerial Personnel1,500 · ₹24,15020 Mar 26
Bulk / block deals
SoldORION STOCKS LTD · NSE1.09 L @ ₹20.113 Jan 26
BoughtORION STOCKS LTD · NSE19,198 @ ₹19.9513 Jan 26
BoughtRIMPY MITTAL · NSE84,776 @ ₹21.951 Jan 26
Stake changes
BoughtKhandwala Commodity and Derivatives Private Limited · promoter→ 0.88% · 64328 Mar 25
BoughtParesh J. Khandwala · promoter→ 1.68% · 7228 Mar 25
BoughtParesh J Khandwala · promoter→ 1.68% · 1,95227 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 8 Dec 2025
See the official result
1
Appointment of Mrs. Suzan Vakil (DIN:11289012) as an Independent Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
20.52 L votes for, 37 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 48.8% between them · as of 2026-06-30
JAYANTILAL KHANDWALA & SONS PVT. LTD.11.36%
BENTLEY INVESTMENTS PVT LTD9.45%
DAXA PARESH KHANDWALA8.62%
PRATIK PARESH KHANDWALA5.22%
PRANAV PARESH KHANDWALA4.65%
PIGGERO INVESTMENTS PRIVATE LIMITED2.12%
TULSI PARESH KHANDWALA2.02%
PARESH JAYANTILAL KHANDWALA1.82%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.