Palash Securities Ltd.

•

birla-sugar.comBSE: 540648NSE: PALASHSECU

Market Cap₹ 88 Cr.

Current Price

High / Low₹ 135 / 79

Stock P/E37.3

Book Value₹ 38

Price to Book2.10

Dividend Yield0.00 %

ROCE9.4 %

ROE6.3 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Sugar: 76.9% • Spirits: 12.5% • Cogeneration: 7.7%

AI Sector View

AI GENERATED

Financial Services

Buy

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.

Confidence

84%

View full sector analysis →

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

Financial ServicesFinanceFinance - Investment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJAJFINSV	1990.00	31.43	318810.21	0.08	6296.67	18.15	42036.90	92.22	11.88	40.79
2.	AIIL	510.20	20.65	43327.49	0.00	11082.20	1075.19	14695.40	1109.37	30.27	88.91
3.	CHOLAHLDNG	1487.10	10.46	27924.39	0.09	1788.99	42.04	11113.57	42.92	10.52	57.53
4.	TVSHLTD	13055.20	13.41	26413.42	0.66	1173.58	73.77	17076.18	40.01	19.39	16.25
5.	CGCL	256.20	21.86	24650.38	0.08	353.38	102.04	1576.47	62.12	11.68	68.54
6.	MAHSCOOTER	13572.20	55.69	15511.08	1.62	3.32	-90.61	5.41	-81.52	1.06	84.10
7.	JSWHL	11458.70	92.58	12718.73	0.00	24.54	-92.74	34.58	14.97	0.58	92.45
8.	JMFINANCIL	129.45	11.91	12387.85	2.51	368.57	-19.66	1200.53	9.69	11.91	58.30
9.	TSFINV	403.15	18.39	8954.12	2.77	124.95	-92.11	305.57	102.23	3.47	53.35
10.	RELIGARE	247.65	155.41	8537.33	0.00	-46.98	-674.86	2353.40	1051.76	-1.28	-2.08
11.	KAMAHOLD	2341.45	8.07	7513.85	1.77	584.02	10.80	4657.56	7.07	20.86	22.01
12.	PALASHSECU	88.05	5.45	88.08	0.00	-1.47	51.52	0.31	-97.71	2.74	-484.57

Detailed Comparison with:

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
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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	-0	0	0	3	2	5	0	6	4	—
OPM %	-42,470	-6,007	259	183	102	243	99	111	100	96	—
Other Income	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
	-0	-0	-0	-0	3	2	5	0	6	4	4
Tax %	0	0	-31	0	-0	0	9	21	22	33	33
Net Profit	-0	-0	-0	-0	3	2	4	0	5	2	2
EPS	0	0	0	0	3	2	4	0	5	2	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	-0	-0	-0	3	2	4	0	5	2	—

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:: -6%
1 Year:: -26%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	10	10	10	10	10	10	10	10	10	10
	10	10	10	9	13	16	20	21	26	29
	0	0	1	1	0	0	0	0	0	0
	2	2	2	3	2	3	3	1	2	1
Total Liabilities	22	22	23	23	26	29	34	32	38	40
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	0	0	3	3	3	3	3	0	0	0
Net Working Capital	-1	0	-1	-1	2	1	5	3	2	3
Contingent Liabilities	1	1	0	0	0	0	0	0	0	0
Book Value per Share	20.36	20.00	19.78	19.45	23.03	26.46	30.29	31.14	36.17	38.52
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

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
Free Cash Flow	-1	0	0	-0	3	2	3	-0	6	-1
OCF / Net Profit	0.02	-0.73	-1.35	0.13	0.93	0.90	0.63	-0.79	1.31	-0.01
Cumulative 5-Year FCF	0	0	0	0	2	5	7	7	13	9

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
PER SHARE
EPS (₹)	-0.45	-0.36	-0.07	-0.10	2.88	1.86	4.26	0.16	4.72	2.36
Book Value (₹)	20.36	20.00	19.78	19.45	23.03	26.46	30.29	31.14	36.17	38.52
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	-0.42	-0.34	-0.05	-0.07	2.90	1.88	4.28	0.18	4.73	2.41
PROFITABILITY
Operating Margin %	-42470.00%	-6007.02%	259.17%	182.56%	101.56%	242.76%	99.19%	-41.01%	94.25%	85.92%
Net Margin %	0.00%	-6401.75%	-104.47%	-139.05%	96.61%	226.33%	88.01%	70.18%	78.06%	63.40%
ROE %	-4.39%	-1.81%	-0.35%	-0.49%	13.54%	7.52%	15.02%	0.53%	14.02%	6.32%
ROCE %	-4.13%	-1.70%	0.69%	0.46%	12.51%	7.21%	15.43%	0.76%	17.93%	9.37%
	-4.03%	-1.63%	-0.31%	-0.42%	11.88%	6.77%	13.56%	0.50%	13.54%	6.06%
EFFICIENCY
Debtor Days	0	0	0	444	0	18	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	0	0	0	444	0	18	0	0	0	0
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.15x	0.15x	0.11x	0.10x	0.09x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.74x	0.52x	23.73x	18.20x	44.63x	6.78x	0.00x	0.00x
	0.03x	1.10x	0.22x	0.19x	8.31x	3.97x	12.31x	29.70x	2.37x	3.87x
GROWTH
Revenue Growth %	0.00%	470.00%	1077.19%	3.43%	4191.50%	-72.40%	489.23%	-95.19%	2492.79%	-38.39%
Operating Profit Growth %	-1190.88%	19.38%	150.79%	-27.14%	2287.45%	-34.02%	140.76%	-94.60%	2232.59%	-41.21%
Net Profit Growth %	-1259.88%	18.44%	80.79%	-37.66%	3081.55%	-35.33%	129.13%	-96.16%	2783.80%	-49.96%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-96.16%	2784.65%	-49.96%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	729.66x	25.51x	34.20x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	3.83x	3.33x	2.10x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	450.19x	19.61x	21.92x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.18	72.18	72.18	72.18	72.18	72.18	72.18	72.18	72.18
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.75	0.75	0.70	0.70	0.70	0.70	0.70	0.70	0.70
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.06	27.06	27.11	27.11	27.11	27.11	27.11	27.11	27.11

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Outcome of Board Meeting

2026-08-14 - Palash Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-05

Shareholders meeting

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

Change in Auditors

2026-08-05 - Palash Securities Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-05

Shareholders meeting

2026-08-05 - Palash Securities Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2026

2026-07-14

Record Date

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

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-14 - Palash Securities Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-14

Copy of Newspaper Publication

2026-07-14 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for PALASHSECU

Loading news…

🤖

AI Stock Analyst

Palash Securities Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BAJAJFINSV

1990.00

31.43

318810.21

0.08

6296.67

18.15

42036.90

92.22

11.88

40.79

AIIL

510.20

20.65

43327.49

0.00

11082.20

1075.19

14695.40

1109.37

30.27

88.91

CHOLAHLDNG

1487.10

10.46

27924.39

0.09

1788.99

42.04

11113.57

42.92

10.52

57.53

TVSHLTD

13055.20

13.41

26413.42

0.66

1173.58

73.77

17076.18

40.01

19.39

16.25

CGCL

256.20

21.86

24650.38

0.08

353.38

102.04

1576.47

62.12

11.68

68.54

MAHSCOOTER

13572.20

55.69

15511.08

1.62

3.32

-90.61

5.41

-81.52

1.06

84.10

JSWHL

11458.70

92.58

12718.73

0.00

24.54

-92.74

34.58

14.97

0.58

92.45

JMFINANCIL

129.45

11.91

12387.85

2.51

368.57

-19.66

1200.53

9.69

11.91

58.30

TSFINV

403.15

18.39

8954.12

2.77

124.95

-92.11

305.57

102.23

3.47

53.35

RELIGARE

247.65

155.41

8537.33

0.00

-46.98

-674.86

2353.40

1051.76

-1.28

-2.08

KAMAHOLD

2341.45

8.07

7513.85

1.77

584.02

10.80

4657.56

7.07

20.86

22.01

PALASHSECU

88.05

5.45

88.08

0.00

-1.47

51.52

0.31

-97.71

2.74

-484.57

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

Operating Profit

-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

Interest

Depreciation

-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

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

-0

—

OPM %

-42,470

-6,007

259

183

102

243

111

100

—

Other Income

Interest

Depreciation

-0

Tax %

-31

-0

Net Profit

-0

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-0

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Total Liabilities

ASSETS

Capital Work in Progress

Cash & Bank

Total Assets

Total Debt

Net Working Capital

-1

Contingent Liabilities

Book Value per Share

20.36

20.00

19.78

19.45

23.03

26.46

30.29

31.14

36.17

38.52

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-0

Cash from Investing

-0

-3

-5

-1

Cash from Financing

-0

-3

-0

-2

-3

-1

Free Cash Flow

-1

-0

-1

OCF / Net Profit

0.02

-0.73

-1.35

0.13

0.93

0.90

0.63

-0.79

1.31

-0.01

Cumulative 5-Year FCF

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

-0.45

-0.36

-0.07

-0.10

2.88

1.86

4.26

0.16

4.72

2.36

Book Value (₹)

20.36

20.00

19.78

19.45

23.03

26.46

30.29

31.14

36.17

38.52

Dividend per Share (₹)

0.00

Cash EPS (₹)

-0.42

-0.34

-0.05

-0.07

2.90

1.88

4.28

0.18

4.73

2.41

PROFITABILITY

Operating Margin %

-42470.00%

-6007.02%

259.17%

182.56%

101.56%

242.76%

99.19%

-41.01%

94.25%

85.92%

Net Margin %

0.00%

-6401.75%

-104.47%

-139.05%

96.61%

226.33%

88.01%

70.18%

78.06%

63.40%

ROE %

-4.39%

-1.81%

-0.35%

-0.49%

13.54%

7.52%

15.02%

0.53%

14.02%

6.32%

ROCE %

-4.13%

-1.70%

0.69%

0.46%

12.51%

7.21%

15.43%

0.76%

17.93%

9.37%

-4.03%

-1.63%

-0.31%

-0.42%

11.88%

6.77%

13.56%

0.50%

13.54%

6.06%

EFFICIENCY

Debtor Days

444

Inventory Days

Payable Days

444

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

0.15x

0.11x

0.10x

0.09x

0.00x

Interest Coverage (x)

0.00x

0.74x

0.52x

23.73x

18.20x

44.63x

6.78x

0.00x

0.03x

1.10x

0.22x

0.19x

8.31x

3.97x

12.31x

29.70x

2.37x

3.87x

GROWTH

Revenue Growth %

0.00%

470.00%

1077.19%

3.43%

4191.50%

-72.40%

489.23%

-95.19%

2492.79%

-38.39%

Operating Profit Growth %

-1190.88%

19.38%

150.79%

-27.14%

2287.45%

-34.02%

140.76%

-94.60%

2232.59%

-41.21%

Net Profit Growth %

-1259.88%

18.44%

80.79%

-37.66%

3081.55%

-35.33%

129.13%

-96.16%

2783.80%

-49.96%

0.00%

-96.16%

2784.65%

-49.96%

VALUATION

P/E (x)

0.00x

729.66x

25.51x

34.20x

P/B (x)

0.00x

3.83x

3.33x

2.10x

Dividend Yield %

0.00%

0.00x

450.19x

19.61x

21.92x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.18

FIIs

0.00

0.75

0.70

Government

0.00

27.06

27.11

Palash Securities Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Palash Securities Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI