Palash Securities Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2016 • Sugar: 76.9% • Spirits: 12.5% • Cogeneration: 7.7%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Solid return on assets for a lender - ROA of 6.1%
- Asset quality is healthy - gross NPA of just 0.0%
CONS
- Company has a low return on equity of 7.0% over last 3 years
- Company has a low return on capital employed of 9.4%
- Company has delivered a poor profit growth of -3.9% over past five years
- Operating margins have contracted to 85.9% from 99.2%
- Company has delivered a poor sales growth of 4.6% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJAJFINSV | 1917.30 | 30.28 | 307163.22 | 0.08 | 62966.70 | 1081.55 | 420369.00 | 1091.26 | 11.88 | 40.79 |
| AIIL | 546.65 | 22.13 | 46422.91 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 13.85 | 88.91 |
| CHOLAHLDNG | 1525.75 | 10.74 | 28650.15 | 0.09 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| TVSHLTD | 13000.05 | 13.35 | 26301.84 | 0.66 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| CGCL | 266.10 | 22.71 | 25602.92 | 0.08 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.68 | 68.54 |
| MAHSCOOTER | 13002.55 | 53.35 | 14860.05 | 1.69 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| JSWHL | 11435.95 | 92.40 | 12693.48 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| JMFINANCIL | 124.75 | 11.48 | 11938.08 | 2.61 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| TSFINV | 437.25 | 19.95 | 9711.49 | 2.55 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| RELIGARE | 256.95 | 161.25 | 8857.93 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 4.71 | -2.08 |
| KAMAHOLD | 2282.95 | 7.87 | 7326.12 | 1.82 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| PALASHSECU | 86.00 | 5.32 | 86.03 | 0.00 | -1.47 | 51.52 | 0.31 | -97.71 | 2.74 | -484.57 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 5 | 0 | 1 | 0 | 4 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Profit | -0 | -0 | 0 | -0 | -0 | 5 | -0 | 1 | -0 | 4 | -0 | -0 | -0 |
| OPM % | -71.43% | -12.50% | 25.00% | -75.00% | -140.00% | 98.23% | -300.00% | 87.78% | -700.00% | 98.06% | -160.00% | -325.00% | -324.32% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 5 | 0 | 1 | -0 | 4 | 0 | -0 | -0 | |
| Tax % | — | 16.67% | 22.22% | 16.67% | 0.00% | 25.20% | 66.67% | 0.00% | -0.00% | 24.93% | — | -480.00% | -35.00% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 1 | -0 | 3 | 0 | -0 | -0 |
| 0 | 0 | 0 | 0 | 0 | 4 | 0 | 1 | -0 | 3 | 0 | -0 | -0 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 3 | 1 | 5 | 0 | 6 | 4 | 4 | |
| 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Operating Profit | -0 | -1 | -0 | -0 | 3 | 0 | 4 | -0 | 6 | 3 | 3 |
| OPM % | -46810.00% | -9640.35% | -290.61% | -346.54% | 89.76% | 45.92% | 91.38% | -41.01% | 94.25% | 85.92% | 85.42% |
| 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -0 | -0 | -0 | -0 | 3 | 2 | 5 | 0 | 6 | 4 | 4 |
| Tax % | -0.00% | -0.00% | -30.78% | -0.00% | -0.01% | 0.27% | 8.85% | 20.70% | 21.82% | 32.57% | 32.78% |
| Net Profit | -0 | -0 | -0 | -0 | 3 | 2 | 4 | 0 | 5 | 2 | 2 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 2.88 | 1.86 | 4.26 | 0.16 | 4.72 | 2.36 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- -8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -4%
- 3 Years:
- -18%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 4%
- 3 Years:
- -7%
- 1 Year:
- -29%
RETURN ON EQUITY
- 10 Years:
- 5%
- 5 Years:
- 9%
- 3 Years:
- 7%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
| 10 | 10 | 10 | 9 | 13 | 16 | 20 | 21 | 26 | 29 | |
| 0 | 1 | 3 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | |
| 2 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | |
| Total Liabilities | 22 | 22 | 23 | 23 | 26 | 29 | 34 | 32 | 38 | 40 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 22 | 22 | 22 | 22 | 23 | 28 | 28 | 29 | 34 | 34 | |
| Cash & Bank | 0 | 0 | 0 | 0 | 2 | 0 | 5 | 3 | 2 | 3 |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | |
| Total Assets | 22 | 22 | 23 | 23 | 26 | 29 | 34 | 32 | 38 | 40 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 0 | 0 | 0 | 3 | 2 | 3 | -0 | 6 | -0 | |
| Cash from Investing | 0 | -0 | 0 | 0 | 0 | -3 | 0 | 0 | -5 | -1 |
| Cash from Financing | 0 | 0 | -0 | -0 | -0 | 0 | -0 | -3 | 0 | 0 |
| -0 | 0 | -0 | -0 | 2 | -2 | 2 | -3 | 2 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-15 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Palash Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05 - Palash Securities Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 05, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-05 - Palash Securities Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-05 - Palash Securities Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2026
2026-07-14 - Palash Securities Limited has informed the Exchange that Cut-off date/Record date for the purpose of Annual General Meeting is 29-Jul-2026.
2026-07-14 - Palash Securities Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-07-14 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for PALASHSECU
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