INDOTHAI

Indo Thai Securities Limited

Stockbroking and allied financial services company

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

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Key metrics

Price as of 2026-10-16

Stock price
₹34.81
Market cap
451 Cr
Stock P/E
6.6
P/B
1.58
Dividend yield
0.3%
ROE (FY26)
23.1%
ROCE (FY26)
27.6%
Operating margin (FY26)
82.2%
Debt / equity (FY26)
0.09

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Indo Thai Securities is an Indore-based stockbroking and wealth-services group that earns brokerage, interest on client margin funding and returns on its own treasury capital.

Company snapshot

21stBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Equities, Broking & Other related activities
100.4%
24 Cr14 Cr—
Manufacturing (Environmental Technology) activites
0.2%
0.04 Cr-0.82 Cr—
Real Estate activities
2.6%
0.64 Cr0.34 Cr—

Shares add up to 103% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 63.7% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income0.53 Cr0.76 Cr0.75 Cr0.99 Cr1 Cr1 Cr3 Cr2 Cr3 Cr3 Cr2 Cr3 Cr
Other income0.25 Cr0.49 Cr-0.08 Cr0.28 Cr0.44 Cr0.05 Cr0.08 Cr0.19 Cr0.06 Cr0.13 Cr0.07 Cr0.15 Cr
Net operating income0.78 Cr1 Cr0.66 Cr1 Cr2 Cr1 Cr3 Cr3 Cr3 Cr4 Cr2 Cr3 Cr
Employee cost1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Other expenses0.83 Cr0.94 Cr0.80 Cr0.98 Cr0.86 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr
Provisions & contingencies————————————
Depreciation0.12 Cr0.13 Cr0.16 Cr0.13 Cr0.15 Cr0.16 Cr0.17 Cr0.13 Cr0.14 Cr0.14 Cr0.24 Cr0.20 Cr
Profit before tax6 Cr6 Cr4 Cr6 Cr6 Cr1 Cr-2 Cr10 Cr19 Cr23 Cr31 Cr15 Cr
Tax %21.8%15.0%30.4%15.9%18.9%21.7%-8.9%12.5%25.9%24.8%16.5%26.0%
Net profit4 Cr5 Cr2 Cr5 Cr5 Cr0.91 Cr-3 Cr9 Cr14 Cr17 Cr26 Cr11 Cr
EPS (₹)₹4.35₹5.41₹2.48₹5.03₹4.54₹0.90₹-2.51₹7.25₹1.20₹1.37₹2.04₹0.86

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———0.70 Cr1 Cr1 Cr1 Cr2 Cr6 Cr11 CrSign in free for the trailing twelve months
Other income1 Cr5 Cr5 Cr0.57 Cr1 Cr0.43 Cr0.67 Cr0.85 Cr0.85 Cr0.45 CrSign in free for the trailing twelve months
Net operating income1 Cr5 Cr5 Cr1 Cr2 Cr2 Cr2 Cr3 Cr7 Cr11 CrSign in free for the trailing twelve months
Employee cost1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr4 Cr5 Cr6 Cr8 CrSign in free for the trailing twelve months
Other expenses4 Cr3 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr4 Cr6 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation0.83 Cr0.65 Cr0.59 Cr0.77 Cr0.76 Cr0.61 Cr0.53 Cr0.52 Cr0.61 Cr0.65 CrSign in free for the trailing twelve months
Profit before tax3 Cr11 Cr2 Cr-14 Cr16 Cr11 Cr-9 Cr20 Cr10 Cr83 CrSign in free for the trailing twelve months
Tax %-3.4%23.3%10.7%20.3%37.2%13.2%20.2%22.1%23.9%20.5%Sign in free for the trailing twelve months
Net profit3 Cr9 Cr2 Cr-11 Cr10 Cr10 Cr-7 Cr15 Cr8 Cr66 CrSign in free for the trailing twelve months
EPS (₹)₹3.29₹8.73₹1.99₹-10.96₹10.18₹9.67₹-7.10₹15.36₹7.67₹5.39Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%—10.4%7.6%1.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr12 Cr13 Cr
Reserves37 Cr46 Cr46 Cr35 Cr45 Cr54 Cr49 Cr63 Cr168 Cr271 Cr
Borrowings—5 Cr—8 Cr0.81 Cr2 Cr4 Cr6 Cr4 Cr25 Cr
Other liabilities10 Cr15 Cr26 Cr18 Cr22 Cr42 Cr42 Cr40 Cr43 Cr63 Cr
Total liabilities57 Cr75 Cr83 Cr71 Cr79 Cr109 Cr107 Cr122 Cr228 Cr374 Cr
Fixed assets (net)3 Cr3 Cr4 Cr10 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr
CWIP———0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments7 Cr14 Cr13 Cr3 Cr23 Cr24 Cr19 Cr35 Cr62 Cr167 Cr
Loans & advances———0.58 Cr0 Cr0 Cr0 Cr0 Cr0.12 Cr8 Cr
Inventories11 Cr4 Cr8 Cr0 Cr0 Cr0 Cr0.47 Cr0.54 Cr0 Cr0 Cr
Trade receivables12 Cr22 Cr22 Cr11 Cr4 Cr3 Cr3 Cr8 Cr18 Cr7 Cr
Cash & bank15 Cr21 Cr0.0090 Cr5 Cr6 Cr2 Cr2 Cr3 Cr0.89 Cr3 Cr
Other assets9 Cr12 Cr36 Cr42 Cr44 Cr78 Cr81 Cr73 Cr144 Cr186 Cr
Total assets57 Cr75 Cr83 Cr71 Cr79 Cr109 Cr107 Cr122 Cr228 Cr374 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity0.32 Cr7 Cr4 Cr—4 Cr5 Cr1 Cr-3 Cr-21 Cr-34 Cr
Cash from investing5 Cr-5 Cr4 Cr—4 Cr-9 Cr-2 Cr3 Cr-75 Cr-22 Cr
Cash from financing-1 Cr3 Cr-0.73 Cr—-7 Cr-0.60 Cr0.40 Cr0.15 Cr95 Cr58 Cr
Net cash flow4 Cr6 Cr7 Cr—1 Cr-4 Cr0.18 Cr0.83 Cr-2 Cr2 Cr
Free cash flow (OCF − Capex)-6 Cr7 Cr——3 Cr3 Cr0.94 Cr-5 Cr-22 Cr-35 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.2%20.2%5.8%-23.1%30.3%18.1%-13.4%25.4%6.2%27.6%
ROE %7.0%15.7%3.5%-24.1%18.4%15.1%-11.7%20.5%4.4%23.1%
Debtor days10215119042259491389125424
Inventory days89276600022600
Days payable5382————————
Cash conversion cycle1389625642259491609725424
Debt / equity—0.090.000.180.010.030.060.080.020.09
Current ratio——2.62———————
Net debt / EBITDA————-0.310.02—0.170.270.25