PALASHSECU
Palash Securities Limited
Birla-Sugar-group-linked investment holding company
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Packaged Foods
birla-sugar.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Stock price
₹87.90
Market cap
88 Cr
Stock P/E
5.5
P/B
0.18
ROE (FY26)
3.3%
ROCE (FY26)
3.0%
Operating margin (FY26)
-9.1%
Debt / equity (FY26)
0.0002
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
Palash Securities is an investment holding company that earns interest, dividends, gains on investments and rent, and that until November 2025 also consolidated a food-processing business, Morton Foods.
Company snapshot
17thBy market cap
Ranked among 18 companies in Packaged Foods.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 97.8% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Food Processing Business | 97.8% | 13 Cr | -3 Cr | 63 Cr |
| Investing Business | 2.2% | 0.28 Cr | 0.19 Cr | 594 Cr |
What we see
Positives
- ✓Net margin of 23.8% — 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.
2 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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -0.43 Cr | -0.44 Cr | -0.54 Cr | -0.55 Cr | -0.87 Cr | — | -0.45 Cr | -0.57 Cr | -0.68 Cr | -0.12 Cr | 0.12 Cr | 0.11 Cr |
| Other income | 0.09 Cr | 0.09 Cr | 0.14 Cr | 0.16 Cr | 0.09 Cr | 0.13 Cr | 0.22 Cr | 0.12 Cr | 0.21 Cr | 24 Cr | 0.15 Cr | 0.09 Cr |
| Net operating income | -0.34 Cr | -0.35 Cr | -0.40 Cr | -0.39 Cr | -0.78 Cr | 0.13 Cr | -0.23 Cr | -0.46 Cr | -0.47 Cr | 24 Cr | 0.26 Cr | 0.20 Cr |
| Employee cost | 3 Cr | 3 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 5 Cr | 2 Cr | 0.05 Cr | 0.04 Cr |
| Other expenses | 5 Cr | 4 Cr | 4 Cr | 5 Cr | 6 Cr | 5 Cr | 14 Cr | 6 Cr | 7 Cr | 3 Cr | 0.20 Cr | 0.12 Cr |
| Provisions & contingencies | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 0.18 Cr | 0.18 Cr | 0.17 Cr | 0.15 Cr | 0.15 Cr | 0.15 Cr | 0.15 Cr | 0.16 Cr | 0.17 Cr | 0.07 Cr | 0.01 Cr | 0.0082 Cr |
| Profit before tax | -0.05 Cr | -3 Cr | -5 Cr | -3 Cr | -0.85 Cr | -4 Cr | -10 Cr | -3 Cr | -1 Cr | 22 Cr | -5 Cr | -1 Cr |
| Tax % | -2587.0% | -2.8% | -0.4% | -1.7% | -248.8% | 29.8% | 9.2% | -0.5% | -161.6% | 0.3% | 11.8% | -2.5% |
| Net profit | -1 Cr | -3 Cr | -5 Cr | -3 Cr | -3 Cr | -3 Cr | -9 Cr | -3 Cr | -3 Cr | 22 Cr | -4 Cr | -1 Cr |
| EPS (₹) | ₹0.26 | ₹-2.31 | ₹-3.29 | ₹2.22 | ₹-1.64 | ₹-1.28 | ₹-7.51 | ₹-1.57 | ₹-0.65 | ₹22.43 | ₹-4.14 | ₹-1.46 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | — | — | — | 0.79 Cr | -0.47 Cr | -2 Cr | -3 Cr | -2 Cr | -3 Cr | -1 Cr | Sign in free for the trailing twelve months |
| Other income | — | 0.51 Cr | 1 Cr | 0.48 Cr | 0.49 Cr | 2 Cr | 0.75 Cr | 0.42 Cr | 0.34 Cr | 25 Cr | Sign in free for the trailing twelve months |
| Net operating income | — | 0.51 Cr | 1 Cr | 1 Cr | 0.02 Cr | 0.51 Cr | -2 Cr | -1 Cr | -2 Cr | 23 Cr | Sign in free for the trailing twelve months |
| Employee cost | — | 6 Cr | 7 Cr | 9 Cr | 14 Cr | 16 Cr | 15 Cr | 11 Cr | 13 Cr | 11 Cr | Sign in free for the trailing twelve months |
| Other expenses | — | 14 Cr | 16 Cr | 16 Cr | 20 Cr | 20 Cr | 25 Cr | 19 Cr | 30 Cr | 16 Cr | Sign in free for the trailing twelve months |
| Provisions & contingencies | — | — | — | — | — | — | — | — | — | — | Sign in free for the trailing twelve months |
| Depreciation | — | 0.18 Cr | 0.17 Cr | 0.32 Cr | 0.35 Cr | 0.77 Cr | 0.79 Cr | 0.72 Cr | 0.60 Cr | 0.41 Cr | Sign in free for the trailing twelve months |
| Profit before tax | — | 5 Cr | 6 Cr | -2 Cr | -12 Cr | -13 Cr | -15 Cr | -14 Cr | -18 Cr | 13 Cr | Sign in free for the trailing twelve months |
| Tax % | — | 2.4% | 7.3% | -21.4% | -2.8% | 34.0% | -11.8% | -9.9% | -0.9% | 9.4% | Sign in free for the trailing twelve months |
| Net profit | — | 5 Cr | 6 Cr | -2 Cr | -13 Cr | -9 Cr | 16 Cr | -16 Cr | -18 Cr | 12 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | — | ₹5.05 | ₹5.60 | ₹-1.93 | ₹-12.83 | ₹-8.54 | ₹15.57 | ₹-9.62 | ₹-12.66 | ₹16.06 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | 0.0% | — | — | 0.0% | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 11 Cr | 11 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr | 10 Cr |
| Reserves | 42 Cr | 47 Cr | 53 Cr | 152 Cr | 268 Cr | 538 Cr | 375 Cr | 473 Cr | 577 Cr | 474 Cr |
| Borrowings | 41 Cr | 5 Cr | — | 10 Cr | 23 Cr | 23 Cr | 22 Cr | 30 Cr | 24 Cr | 0.10 Cr |
| Other liabilities | 9 Cr | 8 Cr | 13 Cr | 13 Cr | 13 Cr | 30 Cr | 14 Cr | 40 Cr | 61 Cr | 40 Cr |
| Total liabilities | 103 Cr | 71 Cr | 76 Cr | 186 Cr | 314 Cr | 602 Cr | 434 Cr | 560 Cr | 689 Cr | 524 Cr |
| Fixed assets (net) | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 47 Cr | 47 Cr | 46 Cr | 46 Cr | 47 Cr | 1 Cr |
| CWIP | — | 0.07 Cr | — | 0 Cr | 0.67 Cr | 0 Cr | 0 Cr | — | 0 Cr | 1 Cr |
| Investments | 39 Cr | 34 Cr | 29 Cr | 134 Cr | 222 Cr | 522 Cr | 350 Cr | 486 Cr | 609 Cr | 511 Cr |
| Loans & advances | — | — | — | 9 Cr | 8 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Inventories | 13 Cr | 12 Cr | 13 Cr | 21 Cr | 16 Cr | 16 Cr | 18 Cr | 10 Cr | 16 Cr | 0 Cr |
| Trade receivables | 4 Cr | 4 Cr | 6 Cr | 7 Cr | 8 Cr | 7 Cr | 2 Cr | 4 Cr | 3 Cr | 0 Cr |
| Cash & bank | 4 Cr | 5 Cr | 0.67 Cr | 7 Cr | 7 Cr | 5 Cr | 10 Cr | 0.36 Cr | 8 Cr | 0.66 Cr |
| Other assets | 40 Cr | 12 Cr | 24 Cr | 5 Cr | 7 Cr | 6 Cr | 8 Cr | 13 Cr | 6 Cr | 10 Cr |
| Total assets | 103 Cr | 71 Cr | 76 Cr | 186 Cr | 314 Cr | 602 Cr | 434 Cr | 560 Cr | 689 Cr | 524 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | -1 Cr | 25 Cr | 0.62 Cr | -6 Cr | -8 Cr | 1 Cr | -13 Cr | -12 Cr | -5 Cr | -18 Cr |
| Cash from investing | 4 Cr | 14 Cr | 10 Cr | -3 Cr | -4 Cr | -0.33 Cr | 0.28 Cr | -3 Cr | -3 Cr | -4 Cr |
| Cash from financing | 0.44 Cr | -38 Cr | -3 Cr | 4 Cr | 11 Cr | -2 Cr | 18 Cr | 6 Cr | 16 Cr | 14 Cr |
| Net cash flow | 3 Cr | 1 Cr | 8 Cr | -6 Cr | -0.50 Cr | -2 Cr | 5 Cr | -10 Cr | 8 Cr | -8 Cr |
| Free cash flow (OCF − Capex) | -2 Cr | 25 Cr | — | -8 Cr | -12 Cr | 0.94 Cr | -14 Cr | -12 Cr | -5 Cr | -20 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 13.1% | 10.5% | -0.5% | -3.7% | -1.9% | -2.8% | -2.3% | -2.3% | 3.0% |
| ROE % | — | 8.9% | 9.2% | -1.2% | -4.6% | -1.6% | 3.9% | -3.2% | -2.0% | 3.3% |
| Debtor days | — | 37 | 44 | 59 | 47 | 46 | 17 | 39 | 24 | 0 |
| Inventory days | — | 615 | 541 | 703 | 566 | 496 | 622 | 542 | 509 | 0 |
| Days payable | — | 222 | — | — | — | — | — | — | — | — |
| Cash conversion cycle | — | 431 | 585 | 763 | 613 | 543 | 639 | 581 | 533 | 0 |
| Debt / equity | 0.77 | 0.08 | 0.00 | 0.06 | 0.08 | 0.04 | 0.06 | 0.06 | 0.04 | 0.0002 |
| Current ratio | 1.24 | 3.06 | 4.29 | — | — | — | — | — | — | — |
| Net debt / EBITDA | — | — | -0.12 | — | — | — | — | — | — | — |