Khandwala Securities
Khandwala Securities Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Khandwala Securities Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Valuation
Profitability
Growth
Financial Health
Khandwala Securities Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Khandwala Securities Ltd, switchable between annual and quarterly views, consolidated or standalone.
Khandwala Securities Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹26.85 Cr and reported EPS of ₹-0.83.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4 | 3 | 3 | 4 | 6 | 6 | 9 | 10 | 8 |
| Other Income | 0 | 3 | 1 | 0 | 0 | 0 | 0 | 6 | 1 |
| Total Income | 4 | 6 | 4 | 4 | 6 | 6 | 9 | 15 | 9 |
| Cost of Goods Sold (COGS) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 4 | 3 | 3 | 4 | 6 | 6 | 8 | 9 | 8 |
| +Operating Expenses | 4 | 5 | 6 | 4 | 5 | 5 | 8 | 14 | 10 |
| EBITDA | -1 | -2 | -3 | -1 | 1 | 1 | 1 | -5 | -2 |
| +Non-Operating Expenses | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Profit Before Tax (PBT) | -1 | 0 | -4 | -2 | 0 | 0 | 0 | 0 | -1 |
| +Tax Expense | -0 | -0 | -0 | -0 | -0 | 0 | -0 | 1 | -0 |
| Profit After Tax (PAT) | -1 | 0 | -4 | -2 | 0 | 0 | 0 | -1 | -1 |
| Earnings Per Share (EPS) | -0.64 | 0.16 | -3.01 | -1.38 | 0.10 | 0.29 | 0.11 | -0.52 | -0.83 |
| Diluted Shares Outstanding (Nos.) | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| +Additional Disclosures | 5 | 6 | 7 | 5 | 6 | 6 | 9 | 15 | 11 |
| Sales Growth % | — | -5.14 | -18.55 | 31.47 | 69.57 | 2.72 | 35.96 | 12.00 | -17.24 |
| YoY Sales Growth % | — | -5.14 | -18.55 | 31.47 | 69.57 | 2.72 | 35.96 | 12.00 | -17.24 |
| Employee Cost % | 56 | 75 | 89 | 70 | 54 | 40 | 30 | 31 | 45 |
| Other Cost % | 59 | 86 | 133 | 54 | 33 | 45 | 63 | 119 | 81 |
| OPM % | -14 | -62 | -125 | -24 | 13 | 14 | 7 | -52 | -28 |
| Tax % | 2 | -23 | 1 | 3 | -92 | 11 | -6 | 456 | 1 |
| Profit Growth % | — | 124.91 | -1,990.46 | 53.98 | 107.21 | 272.44 | -60.76 | -560.26 | -58.76 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 |
| Interest Coverage Ratio | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 |
| Additional Fields | -1 | -2 | -4 | -1 | 1 | 1 | 0 | -5 | -3 |
Khandwala Securities segment analysis: revenue and profit mix.
Disclosed business segments at Khandwala Securities with their share of revenue and profit, switchable between consolidated and standalone reporting.
Khandwala Securities discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Khandwala Securities Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Khandwala Securities Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Khandwala Securities Ltd's investment case rests on 6 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
The company maintains a very low debt-to-equity ratio of 0.05, indicating minimal reliance on external borrowings and a robust capital structure, which is a positive sign for financial stability.
Promoter holding stands at a stable 48.3%, demonstrating consistent confidence and commitment from the core management and major shareholders in the company's long-term prospects.
Despite negative earnings, the stock trades above its book value with a price-to-book ratio of 1.23, suggesting some market perception of intrinsic value beyond current profitability.
The "Stockbroking & Allied" industry is poised for growth with increasing financial literacy and market participation, offering potential for the company to expand its client base and service offerings.
Given its small scale, the company has an opportunity to diversify its product portfolio or explore niche segments within financial services to capture new revenue streams and reduce reliance on core broking.
What can break it.
The company exhibits significant profitability issues, with negative ROCE of -14.50%, ROE of -15.50%, and an operating profit margin of -74.90%, indicating severe operational inefficiencies.
Recent quarterly results show a sharp decline, with sales dropping by -54.80% and net profit plummeting by -223.00% to -0.59 Cr, highlighting severe operational and revenue generation challenges.
The stock's P/E ratio is 0.00 due to negative EPS of -1.22, reflecting a lack of current earnings and making traditional valuation metrics unfavorable for investors.
With a small market capitalization of 35.40 Cr, the company faces challenges in achieving economies of scale and competing effectively against larger, more established industry peers.
The absence of FII and DII participation, coupled with a high public shareholding of 51.73%, could lead to increased stock price volatility and reduced institutional confidence.
What would change my mind.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 10.89. Balance sheet risk re-prices growth multiples fast.
Khandwala Securities Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Khandwala Securities Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Khandwala Securities Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Khandwala Securities Ltd — derived from the live tape, not yesterday's close.
Khandwala Securities Ltd last traded at ₹18.22 with an intraday range of ₹17.55–₹18.98 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹18.22| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 21.81 | +3.59 | +19.70% |
| R3 | 20.38 | +2.16 | +11.86% |
| R2 | 19.68 | +1.46 | +8.01% |
| R1 | 18.95 | +0.73 | +4.01% |
| PIVOT | 18.25 | 0.03 | 0.16% |
| CURRENT | 18.22 | — | — |
| S1 | 14.66 | -3.56 | -19.54% |
| S2 | 16.09 | -2.13 | -11.69% |
| S3 | 16.82 | -1.40 | -7.68% |
| S4 | 17.52 | -0.70 | -3.84% |
KHANDSE is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 17.56 ~ 18.6
Trading Inside opening range
Khandwala Securities Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Khandwala Securities Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Khandwala Securities Ltd stood at 81.3% of traded volume, against a 20-day average of 73.2%.
Khandwala Securities announcements: results, concalls, ratings, M&A.
Filings Khandwala Securities sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Khandwala Securities files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 28 documents below.
General Updates
Khandwala Securities Limited has informed the Exchange about receipt of SEBI Letter
Disclosure under SEBI Takeover Regulations
Khandwala Securities Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Outcome of Board Meeting
Khandwala Securities Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Reply to Clarification- Financial results
The Exchange had sought clarification from Khandwala Securities Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI…
Trading Window
Khandwala Securities Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)…
Khandwala Securities insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Khandwala Securities as reported to SEBI — buying and selling signals from the people who know the business best.
Khandwala Securities insider activity below tracks 90 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Paresh Khandwala | Insider | 24 Mar 2026 | buy | +698 | ₹10,497.92 | ₹15.04 |
| Paresh Khandwala | Insider | 24 Mar 2026 | buy | +698 | ₹10,497.92 | ₹15.04 |
| Paresh Khandwala | Insider | 24 Mar 2026 | buy | +698 | ₹10,497.92 | ₹15.04 |
| Paresh Khandwala | Insider | 24 Mar 2026 | buy | +698 | ₹10,497.92 | ₹15.04 |
| Paresh Khandwala | Insider | 23 Mar 2026 | buy | +529 | ₹8,220.66 | ₹15.54 |
| Paresh Khandwala | Insider | 23 Mar 2026 | buy | +529 | ₹8,220.66 | ₹15.54 |
| Paresh Khandwala | Insider | 23 Mar 2026 | buy | +529 | ₹8,220.66 | ₹15.54 |
| Paresh Khandwala | Insider | 23 Mar 2026 | buy | +529 | ₹8,220.66 | ₹15.54 |
| Paresh Khandwala | Insider | 20 Mar 2026 | buy | +1.5 K | ₹24,150 | ₹16.10 |
| Paresh Khandwala | Insider | 20 Mar 2026 | buy | +1.5 K | ₹24,150 | ₹16.10 |
Khandwala Securities dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Khandwala Securities has declared, sequenced by announce and record date.
Khandwala Securities corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Khandwala Securities Ltd: business, sector, key facts.
What Khandwala Securities Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Khandwala Securities Ltd operates in the Financial Services, listed as NSE: KHANDSE, BSE: 531892.
Khandwala Securities Limited (KSL), established in 1934 and headquartered in Mumbai, India, is a prominent financial services firm operating primarily within the Indian market. Their business model is multifaceted, encompassing a wide array of services catering to a diverse clientele ranging from retail investors to large multinational corporations and financial institutions.
KSL's operations are divided into two main segments: Fee-Based and Investment/Trading in Stock. The Fee-Based segment generates revenue through advisory and management services. This includes investment banking services such as capital raising (IPOs, FCCBs, private equity placements), mergers and acquisitions advisory, corporate finance advisory, and restructuring. They also offer portfolio management services, providing asset allocation, deployment advice, and planning for both private and corporate wealth management. Further contributing to this segment are their research and advisory services, which support both institutional and individual investors.
The Investment/Trading in Stock segment focuses on the direct buying and selling of securities. This includes institutional and non-institutional equity sales, trading, and research. KSL provides broking and distribution services covering equities, derivatives, mutual funds, structured products, and insurance products, along with depository services. They also facilitate access to these services through their proprietary mobile and browser-based online trading platforms (KSL EazyTrade, KSL Prive, and KSL EazyTrade Browser).
In summary, Khandwala Securities Limited offers a comprehensive suite of financial services designed to meet the needs of a wide spectrum of clients. Their services span investment banking, wealth management, portfolio management, research, and brokerage, delivered through both traditional and technologically advanced channels. Their long history and diverse service offerings establish them as a significant player in the Indian financial landscape.
Questions investors ask about Khandwala Securities Ltd (KHANDSE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Khandwala Securities Ltd (KHANDSE)?
The current share price of Khandwala Securities Ltd (KHANDSE) is ₹18.22. Today, the stock has gained by ₹0.21 (1.17%), trading in a range of ₹17.55 to ₹18.98. The stock opened at ₹18.6 with a trading volume of 1,412 shares.
02Is Khandwala Securities Ltd stock a good investment for long-term?
Khandwala Securities Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹26.85 crores, P/E ratio of 0.00, ROE of -4.49%, and ROCE of -14.50%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Khandwala Securities Ltd stock?
The 52-week high price of Khandwala Securities Ltd (KHANDSE) is ₹0, while the 52-week low is ₹0. Currently trading at ₹18.22, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Khandwala Securities Ltd stock at the current price?
Whether to buy Khandwala Securities Ltd stock at ₹18.22 depends on multiple factors. The stock is currently trading with a P/E ratio of 0.00 and P/B ratio of 1.00. Today's performance shows a gain of 1.17%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Khandwala Securities Ltd and when is the next dividend?
Khandwala Securities Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹18.22, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Khandwala Securities Ltd?
Khandwala Securities Ltd's key financial metrics include: P/E Ratio: 0.00, P/B Ratio: 1.00, ROE: -4.49%, ROCE: -14.50%, Dividend Yield: 0.00%, EPS: ₹-0.83, Book Value: ₹18.28, and Debt-to-Equity: 10.39. The company's market cap stands at ₹26.85 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Khandwala Securities Ltd stock performing today in the market?
Khandwala Securities Ltd stock opened at ₹18.6 and is currently trading at ₹18.22, showing a gain of ₹0.21 (1.17%). The intraday high is ₹18.98 and low is ₹17.55. The trading volume stands at 1,412 shares, indicating moderate market participation today.
08What is the P/E ratio of Khandwala Securities Ltd and what does it indicate?
Khandwala Securities Ltd has a Price-to-Earnings (P/E) ratio of 0.00, which means investors are willing to pay ₹0.00 for every ₹1 of earnings. With an EPS of ₹-0.83, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Khandwala Securities Ltd (KHANDSE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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