Indo Thai Securities Ltd.
•₹ 59.66-5%
2026-08-21
PROS
- Solid return on assets for a lender - ROA of 5.4%
- Asset quality is healthy - gross NPA of just 0.0%
- Company has delivered good sales growth of 23.0% CAGR over last 5 years
CONS
- Capital adequacy is tight at 0.0% - limited headroom to grow
- Promoter holding has decreased over last 2 years: -16.1pp
- Recent results are weak - TTM profit is down 23.0% versus prior year
- Company has a low return on capital employed of 8.2%
- Company has a low return on equity of 6.2% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJFINSV | 2010.00 | 31.74 | 322014.33 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 549.85 | 22.26 | 46694.66 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1558.35 | 10.96 | 29262.30 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13946.95 | 14.32 | 28217.61 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 226.40 | 19.32 | 21783.17 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13359.10 | 0.00 | 15267.54 | 1.65 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11370.60 | 91.87 | 12620.94 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 126.45 | 11.63 | 12100.76 | 2.57 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 414.70 | 18.92 | 9210.65 | 2.69 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 230.10 | 144.40 | 7932.32 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2440.10 | 8.41 | 7830.42 | 1.70 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | INDOTHAI | 66.05 | 12.88 | 883.97 | 0.15 | 110.26 | 28.64 | 206.19 | 46.82 | 8.83 | 76.81 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 8 | 9 | 6 | 9 | 9 | 5 | 6 | 14 | 24 | 28 | 38 | 21 | |
| 3 | 3 | 3 | 2 | 3 | 4 | 4 | 8 | 4 | 4 | 4 | 6 | 6 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 6 | 6 | 4 | 6 | 6 | 1 | -2 | 10 | 19 | 23 | 31 | 15 | |
| Tax % | 26.37% | 21.80% | 14.94% | 30.42% | 15.99% | 18.96% | 20.66% | -8.90% | 12.49% | 25.93% | 24.85% | 16.52% | 25.97% |
| Net Profit | 0 | 0 | 0 | 0 | 5 | 5 | 1 | -3 | 9 | 14 | 17 | 26 | 11 |
| 3 | 4 | 5 | 2 | 5 | 0 | 0 | -0 | 1 | 1 | 1 | 2 | 0 | |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 | 12 | 12 | 13 | 13 | 13 |
| 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% |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 | 12 | 12 | 13 | 13 | 13 |
| 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% |
Jun 2023
- 7
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 26.37%
- Net Profit
- 0
- 3
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 8
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 21.80%
- Net Profit
- 0
- 4
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 9
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 14.94%
- Net Profit
- 0
- 5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 6
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 30.42%
- Net Profit
- 0
- 2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 9
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 15.99%
- Net Profit
- 5
- 5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 9
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 18.96%
- Net Profit
- 5
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 5
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 20.66%
- Net Profit
- 1
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 6
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -2
- Tax %
- -8.90%
- Net Profit
- -3
- -0
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 14
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 12.49%
- Net Profit
- 9
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 24
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 19
- Tax %
- 25.93%
- Net Profit
- 14
- 1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 28
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 23
- Tax %
- 24.85%
- Net Profit
- 17
- 1
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 38
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 31
- Tax %
- 16.52%
- Net Profit
- 26
- 2
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 21
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 15
- Tax %
- 25.97%
- Net Profit
- 11
- 0
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 45 | 53 | 8 | 9 | 22 | 20 | 8 | 31 | 26 | 110 | |
| 47 | 47 | 45 | 8 | 21 | 5 | 8 | 16 | 11 | 15 | 20 | |
| Operating Profit | 7 | -0 | 13 | -0 | -11 | 18 | 13 | -8 | 21 | 12 | — |
| OPM % | 16 | -1 | 24 | -1 | -123 | 81 | 62 | -108 | 67 | 46 | — |
| Other Income | 11 | 1 | 5 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | 3 | 11 | -2 | -14 | 16 | 11 | -9 | 20 | 10 | 88 | |
| Tax % | -0 | -3 | 23 | 25 | 20 | 37 | 13 | 20 | 22 | 24 | 22 |
| Net Profit | 6 | 3 | 9 | -1 | -11 | 10 | 10 | -7 | 15 | 8 | 69 |
| EPS | 0 | 0 | 0 | 0 | 0 | 10 | 10 | -7 | 16 | 7 | — |
| Dividend Payout % | 16 | 30 | 11 | -76 | 0 | 10 | 10 | -9 | 4 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 0 | 1 | -0 | -1 | 1 | 1 | -1 | 2 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 0 | 1 | -0 | -1 | 1 | 1 | -1 | 2 | 1 | — |
Mar 2016
- 43
- 47
- Operating Profit
- 7
- OPM %
- 16
- Other Income
- 11
- Interest
- 0
- Depreciation
- 1
- 6
- Tax %
- -0
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2017
- 45
- 47
- Operating Profit
- -0
- OPM %
- -1
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- -3
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 53
- 45
- Operating Profit
- 13
- OPM %
- 24
- Other Income
- 5
- Interest
- 1
- Depreciation
- 1
- 11
- Tax %
- 23
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 8
- 8
- Operating Profit
- -0
- OPM %
- -1
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -2
- Tax %
- 25
- Net Profit
- -1
- EPS
- 0
- Dividend Payout %
- -76
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 9
- 21
- Operating Profit
- -11
- OPM %
- -123
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- -14
- Tax %
- 20
- Net Profit
- -11
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 22
- 5
- Operating Profit
- 18
- OPM %
- 81
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 16
- Tax %
- 37
- Net Profit
- 10
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 20
- 8
- Operating Profit
- 13
- OPM %
- 62
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 11
- Tax %
- 13
- Net Profit
- 10
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 8
- 16
- Operating Profit
- -8
- OPM %
- -108
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- -9
- Tax %
- 20
- Net Profit
- -7
- EPS
- -7
- Dividend Payout %
- -9
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2024
- 31
- 11
- Operating Profit
- 21
- OPM %
- 67
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 20
- Tax %
- 22
- Net Profit
- 15
- EPS
- 16
- Dividend Payout %
- 4
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 26
- 15
- Operating Profit
- 12
- OPM %
- 46
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 10
- Tax %
- 24
- Net Profit
- 8
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 110
- 20
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 88
- Tax %
- 22
- Net Profit
- 69
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -3%
- 5 Years:
- 23%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- —
- 3 Years:
- -6%
STOCK PRICE CAGR
- 10 Years:
- 38%
- 5 Years:
- 49%
- 3 Years:
- 42%
- 1 Year:
- -62%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 11%
- 3 Years:
- 6%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 12 |
| 35 | 37 | 46 | 47 | 35 | 45 | 54 | 49 | 63 | 149 | |
| 0 | 0 | 5 | 7 | 7 | 0 | 1 | 3 | 6 | 3 | |
| Trade Payables | 2 | 6 | 12 | 17 | 17 | 22 | 41 | 41 | 37 | 38 |
| 2 | 3 | 3 | -1 | -4 | 1 | 2 | 2 | 5 | 25 | |
| Total Liabilities | 48 | 57 | 75 | 80 | 65 | 79 | 109 | 105 | 121 | 227 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 6 | 3 | 3 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | |
| 7 | 7 | 14 | 13 | 10 | 15 | 15 | 10 | 24 | 52 | |
| 6 | 11 | 4 | 8 | 3 | 10 | 21 | 12 | 6 | 7 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 18 | |
| Cash & Bank | 11 | 15 | 21 | 28 | 28 | 32 | 50 | 56 | 4 | 17 |
| 18 | 21 | 34 | 27 | 20 | 20 | 21 | 25 | 77 | 131 | |
| Total Assets | 48 | 57 | 75 | 80 | 65 | 79 | 109 | 105 | 121 | 227 |
| Total Debt | 0 | 0 | 5 | 7 | 7 | 0 | 1 | 3 | 6 | 3 |
| Net Working Capital | 36 | 39 | 43 | 36 | 25 | 25 | 32 | 29 | -4 | 45 |
| Contingent Liabilities | 10 | 13 | 11 | 8 | 9 | 9 | 10 | 0 | 56 | 97 |
| Book Value per Share | 44.76 | 46.84 | 55.57 | 57.19 | 45.03 | 55.33 | 64.26 | 58.54 | 72.99 | 137.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 5 | 7 | 7 | 0 | 1 | 3 | 6 | 3 |
| Net Working Capital | 36 | 39 | 43 | 36 | 25 | 25 | 32 | 29 | -4 | 45 |
| Contingent Liabilities | 10 | 13 | 11 | 8 | 9 | 9 | 10 | 0 | 56 | 97 |
| Book Value per Share | 44.76 | 46.84 | 55.57 | 57.19 | 45.03 | 55.33 | 64.26 | 58.54 | 72.99 | 137.14 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 10
- 35
- 0
- Trade Payables
- 2
- 2
- Total Liabilities
- 48
- 6
- 7
- 6
- 0
- Cash & Bank
- 11
- 18
- Total Assets
- 48
- Total Debt
- 0
- Net Working Capital
- 36
- Contingent Liabilities
- 10
- Book Value per Share
- 44.76
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 36
- Contingent Liabilities
- 10
- Book Value per Share
- 44.76
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 10
- 37
- 0
- Trade Payables
- 6
- 3
- Total Liabilities
- 57
- 3
- 7
- 11
- 0
- Cash & Bank
- 15
- 21
- Total Assets
- 57
- Total Debt
- 0
- Net Working Capital
- 39
- Contingent Liabilities
- 13
- Book Value per Share
- 46.84
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 39
- Contingent Liabilities
- 13
- Book Value per Share
- 46.84
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- 46
- 5
- Trade Payables
- 12
- 3
- Total Liabilities
- 75
- 3
- 14
- 4
- 0
- Cash & Bank
- 21
- 34
- Total Assets
- 75
- Total Debt
- 5
- Net Working Capital
- 43
- Contingent Liabilities
- 11
- Book Value per Share
- 55.57
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 43
- Contingent Liabilities
- 11
- Book Value per Share
- 55.57
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- 47
- 7
- Trade Payables
- 17
- -1
- Total Liabilities
- 80
- 4
- 13
- 8
- 0
- Cash & Bank
- 28
- 27
- Total Assets
- 80
- Total Debt
- 7
- Net Working Capital
- 36
- Contingent Liabilities
- 8
- Book Value per Share
- 57.19
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 36
- Contingent Liabilities
- 8
- Book Value per Share
- 57.19
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 10
- 35
- 7
- Trade Payables
- 17
- -4
- Total Liabilities
- 65
- 3
- 10
- 3
- 0
- Cash & Bank
- 28
- 20
- Total Assets
- 65
- Total Debt
- 7
- Net Working Capital
- 25
- Contingent Liabilities
- 9
- Book Value per Share
- 45.03
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 25
- Contingent Liabilities
- 9
- Book Value per Share
- 45.03
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 10
- 45
- 0
- Trade Payables
- 22
- 1
- Total Liabilities
- 79
- 2
- 15
- 10
- 0
- Cash & Bank
- 32
- 20
- Total Assets
- 79
- Total Debt
- 0
- Net Working Capital
- 25
- Contingent Liabilities
- 9
- Book Value per Share
- 55.33
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 25
- Contingent Liabilities
- 9
- Book Value per Share
- 55.33
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 10
- 54
- 1
- Trade Payables
- 41
- 2
- Total Liabilities
- 109
- 2
- 15
- 21
- 0
- Cash & Bank
- 50
- 21
- Total Assets
- 109
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 10
- Book Value per Share
- 64.26
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 10
- Book Value per Share
- 64.26
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 10
- 49
- 3
- Trade Payables
- 41
- 2
- Total Liabilities
- 105
- 2
- 10
- 12
- 0
- Cash & Bank
- 56
- 25
- Total Assets
- 105
- Total Debt
- 3
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 58.54
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 58.54
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 10
- 63
- 6
- Trade Payables
- 37
- 5
- Total Liabilities
- 121
- 2
- 24
- 6
- 8
- Cash & Bank
- 4
- 77
- Total Assets
- 121
- Total Debt
- 6
- Net Working Capital
- -4
- Contingent Liabilities
- 56
- Book Value per Share
- 72.99
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- -4
- Contingent Liabilities
- 56
- Book Value per Share
- 72.99
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 12
- 149
- 3
- Trade Payables
- 38
- 25
- Total Liabilities
- 227
- 2
- 52
- 7
- 18
- Cash & Bank
- 17
- 131
- Total Assets
- 227
- Total Debt
- 3
- Net Working Capital
- 45
- Contingent Liabilities
- 97
- Book Value per Share
- 137.14
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 45
- Contingent Liabilities
- 97
- Book Value per Share
- 137.14
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -8 | 0 | 7 | 4 | 13 | 4 | 5 | 1 | -3 | -21 | |
| Cash from Investing | 13 | 5 | -5 | -0 | -14 | 4 | -9 | -2 | 3 | -75 |
| Cash from Financing | -6 | -1 | 3 | -1 | -2 | -7 | -1 | 0 | 0 | 95 |
| -1 | 4 | 6 | 3 | -3 | 1 | -4 | 0 | 1 | -2 | |
| Free Cash Flow | -10 | 0 | 7 | 3 | 13 | 4 | 5 | 1 | -3 | -21 |
| OCF / Net Profit | -1.30 | 0.10 | 0.83 | -3.13 | -1.21 | 0.43 | 0.50 | -0.19 | -0.18 | -2.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 13 | 28 | 32 | 26 | 20 | -15 |
| OCF / Net Profit | -1.30 | 0.10 | 0.83 | -3.13 | -1.21 | 0.43 | 0.50 | -0.19 | -0.18 | -2.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 13 | 28 | 32 | 26 | 20 | -15 |
Mar 2016
- -8
- Cash from Investing
- 13
- Cash from Financing
- -6
- -1
- Free Cash Flow
- -10
- OCF / Net Profit
- -1.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.30
- Cumulative 5-Year FCF
- 0
Mar 2017
- 0
- Cash from Investing
- 5
- Cash from Financing
- -1
- 4
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
Mar 2018
- 7
- Cash from Investing
- -5
- Cash from Financing
- 3
- 6
- Free Cash Flow
- 7
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
Mar 2019
- 4
- Cash from Investing
- -0
- Cash from Financing
- -1
- 3
- Free Cash Flow
- 3
- OCF / Net Profit
- -3.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.13
- Cumulative 5-Year FCF
- 0
Mar 2020
- 13
- Cash from Investing
- -14
- Cash from Financing
- -2
- -3
- Free Cash Flow
- 13
- OCF / Net Profit
- -1.21
- Cumulative 5-Year FCF
- 13
- OCF / Net Profit
- -1.21
- Cumulative 5-Year FCF
- 13
Mar 2021
- 4
- Cash from Investing
- 4
- Cash from Financing
- -7
- 1
- Free Cash Flow
- 4
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 28
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- 28
Mar 2022
- 5
- Cash from Investing
- -9
- Cash from Financing
- -1
- -4
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 32
- OCF / Net Profit
- 0.50
- Cumulative 5-Year FCF
- 32
Mar 2023
- 1
- Cash from Investing
- -2
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 26
- OCF / Net Profit
- -0.19
- Cumulative 5-Year FCF
- 26
Mar 2024
- -3
- Cash from Investing
- 3
- Cash from Financing
- 0
- 1
- Free Cash Flow
- -3
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 20
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 20
Mar 2025
- -21
- Cash from Investing
- -75
- Cash from Financing
- 95
- -2
- Free Cash Flow
- -21
- OCF / Net Profit
- -2.72
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- -2.72
- Cumulative 5-Year FCF
- -15
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 6.31 | 3.29 | 8.73 | -1.31 | -10.85 | 10.16 | 9.93 | -6.54 | 16.05 | 7.05 |
| Book Value (₹) | 44.76 | 46.84 | 55.57 | 57.19 | 45.03 | 55.33 | 64.26 | 58.54 | 72.99 | 137.14 |
| Dividend per Share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.60 | 0.60 | 0.00 |
| Cash EPS (₹) | 0.69 | 0.41 | 0.94 | -0.07 | -1.01 | 1.09 | 1.03 | -0.66 | 1.59 | 0.73 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.44% | -0.80% | 24.31% | -1.38% | -122.59% | 81.19% | 61.98% | -107.74% | 64.59% | 42.88% |
| Net Margin % | 14.74% | 7.31% | 16.44% | -17.10% | -115.72% | 46.40% | 47.52% | -93.88% | 49.10% | 29.95% |
| ROE % | 14.96% | 7.19% | 17.04% | -2.33% | -21.22% | 20.25% | 16.19% | -11.56% | 23.35% | 6.76% |
| ROCE % | 14.63% | 7.33% | 22.76% | -1.12% | -21.15% | 31.65% | 19.80% | -13.61% | 29.34% | 8.83% |
| 12.51% | 6.27% | 13.24% | -1.69% | -15.03% | 14.19% | 10.34% | -6.65% | 13.59% | 4.54% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 90 | 95 | 118 | 1055 | 647 | 120 | 55 | 133 | 62 | 181 |
| Inventory Days | 63 | 69 | 50 | 280 | 221 | 109 | 270 | 786 | 104 | 85 |
| Payable Days | 33 | 37 | 86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 120 | 127 | 82 | 1335 | 868 | 229 | 325 | 919 | 165 | 266 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.09x | 0.12x | 0.15x | 0.00x | 0.02x | 0.05x | 0.08x | 0.02x |
| Interest Coverage (x) | 37.57x | 19.20x | 14.17x | -0.66x | -9.10x | 20.35x | 14.06x | -36.99x | 23.43x | 9.84x |
| 10.73x | 5.25x | 3.27x | 2.50x | 2.00x | 2.11x | 1.73x | 1.64x | 0.91x | 1.97x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 22.76% | 5.12% | 17.86% | -85.55% | 22.19% | 133.68% | -7.01% | -62.88% | 313.84% | -15.82% |
| Operating Profit Growth % | 71.55% | -105.14% | 3664.23% | -100.82% | 0.00% | 254.75% | -29.01% | -164.52% | 359.24% | -42.48% |
| Net Profit Growth % | 113.23% | -47.84% | 164.99% | -115.03% | -726.91% | 193.71% | -4.77% | -173.33% | 316.43% | -48.64% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 345.39% | -56.06% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.74x | 26.54x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.82x | 13.65x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.31x | 179.04x |
Mar 2016
- EPS (₹)
- 6.31
- Book Value (₹)
- 44.76
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.69
- Operating Margin %
- 16.44%
- Net Margin %
- 14.74%
- ROE %
- 14.96%
- ROCE %
- 14.63%
- 12.51%
- Debtor Days
- 90
- Inventory Days
- 63
- Payable Days
- 33
- 120
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 37.57x
- 10.73x
- Revenue Growth %
- 22.76%
- Operating Profit Growth %
- 71.55%
- Net Profit Growth %
- 113.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 3.29
- Book Value (₹)
- 46.84
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.41
- Operating Margin %
- -0.80%
- Net Margin %
- 7.31%
- ROE %
- 7.19%
- ROCE %
- 7.33%
- 6.27%
- Debtor Days
- 95
- Inventory Days
- 69
- Payable Days
- 37
- 127
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 19.20x
- 5.25x
- Revenue Growth %
- 5.12%
- Operating Profit Growth %
- -105.14%
- Net Profit Growth %
- -47.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.73
- Book Value (₹)
- 55.57
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.94
- Operating Margin %
- 24.31%
- Net Margin %
- 16.44%
- ROE %
- 17.04%
- ROCE %
- 22.76%
- 13.24%
- Debtor Days
- 118
- Inventory Days
- 50
- Payable Days
- 86
- 82
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 14.17x
- 3.27x
- Revenue Growth %
- 17.86%
- Operating Profit Growth %
- 3664.23%
- Net Profit Growth %
- 164.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.31
- Book Value (₹)
- 57.19
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- -0.07
- Operating Margin %
- -1.38%
- Net Margin %
- -17.10%
- ROE %
- -2.33%
- ROCE %
- -1.12%
- -1.69%
- Debtor Days
- 1055
- Inventory Days
- 280
- Payable Days
- 0
- 1335
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- -0.66x
- 2.50x
- Revenue Growth %
- -85.55%
- Operating Profit Growth %
- -100.82%
- Net Profit Growth %
- -115.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -10.85
- Book Value (₹)
- 45.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.01
- Operating Margin %
- -122.59%
- Net Margin %
- -115.72%
- ROE %
- -21.22%
- ROCE %
- -21.15%
- -15.03%
- Debtor Days
- 647
- Inventory Days
- 221
- Payable Days
- 0
- 868
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- -9.10x
- 2.00x
- Revenue Growth %
- 22.19%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- -726.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 10.16
- Book Value (₹)
- 55.33
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.09
- Operating Margin %
- 81.19%
- Net Margin %
- 46.40%
- ROE %
- 20.25%
- ROCE %
- 31.65%
- 14.19%
- Debtor Days
- 120
- Inventory Days
- 109
- Payable Days
- 0
- 229
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 20.35x
- 2.11x
- Revenue Growth %
- 133.68%
- Operating Profit Growth %
- 254.75%
- Net Profit Growth %
- 193.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 9.93
- Book Value (₹)
- 64.26
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.03
- Operating Margin %
- 61.98%
- Net Margin %
- 47.52%
- ROE %
- 16.19%
- ROCE %
- 19.80%
- 10.34%
- Debtor Days
- 55
- Inventory Days
- 270
- Payable Days
- 0
- 325
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 14.06x
- 1.73x
- Revenue Growth %
- -7.01%
- Operating Profit Growth %
- -29.01%
- Net Profit Growth %
- -4.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -6.54
- Book Value (₹)
- 58.54
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- -0.66
- Operating Margin %
- -107.74%
- Net Margin %
- -93.88%
- ROE %
- -11.56%
- ROCE %
- -13.61%
- -6.65%
- Debtor Days
- 133
- Inventory Days
- 786
- Payable Days
- 0
- 919
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- -36.99x
- 1.64x
- Revenue Growth %
- -62.88%
- Operating Profit Growth %
- -164.52%
- Net Profit Growth %
- -173.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 16.05
- Book Value (₹)
- 72.99
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 1.59
- Operating Margin %
- 64.59%
- Net Margin %
- 49.10%
- ROE %
- 23.35%
- ROCE %
- 29.34%
- 13.59%
- Debtor Days
- 62
- Inventory Days
- 104
- Payable Days
- 0
- 165
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 23.43x
- 0.91x
- Revenue Growth %
- 313.84%
- Operating Profit Growth %
- 359.24%
- Net Profit Growth %
- 316.43%
- 345.39%
- P/E (x)
- 1.74x
- P/B (x)
- 3.82x
- Dividend Yield %
- 0.21%
- 13.31x
Mar 2025
- EPS (₹)
- 7.05
- Book Value (₹)
- 137.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.73
- Operating Margin %
- 42.88%
- Net Margin %
- 29.95%
- ROE %
- 6.76%
- ROCE %
- 8.83%
- 4.54%
- Debtor Days
- 181
- Inventory Days
- 85
- Payable Days
- 0
- 266
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 9.84x
- 1.97x
- Revenue Growth %
- -15.82%
- Operating Profit Growth %
- -42.48%
- Net Profit Growth %
- -48.64%
- -56.06%
- P/E (x)
- 26.54x
- P/B (x)
- 13.65x
- Dividend Yield %
- 0.00%
- 179.04x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-17 - Indo Thai Securities Limited has informed the Exchange about Copy of Newspaper Publication
- Monitoring Agency Report
2026-08-14 - Monitoring Agency Report on the utilization of proceeds raised through preferential issue, for quarter ended 30th June 2026
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026