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%
- Latest quarter profit grew 34.5% YoY, showing strong momentum
- Company has delivered good sales growth of 23.3% 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
- Company has a low return on equity of 8.0% over last 3 years
- Company has a low return on capital employed of 10.5%
- Operating margins have contracted to 48.6% from 63.8%
- Stock is trading at 13.7x its book value
* 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 | 2016.50 | 31.85 | 323055.67 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 531.75 | 21.52 | 45157.57 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1574.30 | 11.08 | 29561.81 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13962.45 | 14.34 | 28248.97 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 225.40 | 19.23 | 21686.95 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13117.20 | 0.00 | 14991.08 | 1.68 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11490.30 | 92.84 | 12753.80 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 129.15 | 11.88 | 12359.14 | 2.52 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 424.70 | 19.38 | 9432.75 | 2.63 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 231.95 | 145.56 | 7996.10 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2422.00 | 8.35 | 7772.34 | 1.71 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | INDOTHAI | 62.75 | 12.24 | 839.80 | 0.16 | 110.26 | 28.64 | 206.19 | 46.82 | 8.83 | 76.81 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 8 | 9 | 6 | 9 | 10 | 5 | 6 | 14 | 24 | 28 | 38 | 21 | |
| 2 | 2 | 3 | 2 | 3 | 3 | 4 | 7 | 4 | 3 | 4 | 5 | 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 |
| 5 | 6 | 7 | 4 | 6 | 6 | 2 | -2 | 10 | 20 | 23 | 32 | 15 | |
| Tax % | 25.43% | 21.67% | 15.27% | 27.65% | 16.15% | 19.08% | 19.28% | -21.47% | 17.15% | 25.84% | 24.69% | 16.95% | 25.87% |
| Net Profit | 3 | 5 | 6 | 3 | 5 | 5 | 1 | -2 | 8 | 15 | 17 | 27 | 11 |
| 3 | 5 | 6 | 3 | 5 | 0 | 0 | -0 | 7 | 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
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 25.43%
- Net Profit
- 3
- 3
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 8
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 21.67%
- Net Profit
- 5
- 5
- 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
- 7
- Tax %
- 15.27%
- Net Profit
- 6
- 6
- 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 %
- 27.65%
- Net Profit
- 3
- 3
- 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 %
- 16.15%
- Net Profit
- 5
- 5
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 10
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 19.08%
- 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
- 2
- Tax %
- 19.28%
- 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
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -2
- Tax %
- -21.47%
- Net Profit
- -2
- -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 %
- 17.15%
- Net Profit
- 8
- 7
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 24
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 20
- Tax %
- 25.84%
- Net Profit
- 15
- 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 %
- 24.69%
- 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
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 32
- Tax %
- 16.95%
- Net Profit
- 27
- 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 %
- 25.87%
- Net Profit
- 11
- 0
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 13
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 45 | 53 | 7 | 9 | 22 | 20 | 8 | 31 | 27 | 110 | |
| 46 | 47 | 45 | 7 | 21 | 5 | 8 | 15 | 9 | 14 | 18 | |
| Operating Profit | 7 | -1 | 13 | 0 | -12 | 18 | 13 | -7 | 22 | 13 | — |
| OPM % | 17 | -1 | 25 | 1 | -126 | 80 | 64 | -88 | 72 | 49 | — |
| Other Income | 11 | 1 | 5 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 7 | 3 | 12 | -1 | -14 | 16 | 12 | -7 | 21 | 12 | 90 | |
| Tax % | -0 | -3 | 23 | 30 | 20 | 37 | 13 | 20 | 22 | 23 | 22 |
| Net Profit | 7 | 3 | 9 | -1 | -11 | 10 | 10 | -6 | 17 | 9 | 70 |
| EPS | 0 | 0 | 0 | 0 | 0 | 10 | 10 | -6 | 17 | 8 | — |
| Dividend Payout % | 15 | 33 | 11 | -96 | 0 | 10 | 10 | -10 | 4 | 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 | 1 | 0 | 1 | -0 | -1 | 1 | 1 | -1 | 2 | 1 | — |
| 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 | 1 | 0 | 1 | -0 | -1 | 1 | 1 | -1 | 2 | 1 | — |
Mar 2016
- 43
- 46
- Operating Profit
- 7
- OPM %
- 17
- Other Income
- 11
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- -0
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 15
- 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
- -1
- OPM %
- -1
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 3
- Tax %
- -3
- Net Profit
- 3
- EPS
- 0
- Dividend Payout %
- 33
- 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 %
- 25
- Other Income
- 5
- Interest
- 1
- Depreciation
- 1
- 12
- 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
- 7
- 7
- Operating Profit
- 0
- OPM %
- 1
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -1
- Tax %
- 30
- Net Profit
- -1
- EPS
- 0
- Dividend Payout %
- -96
- 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
- -12
- OPM %
- -126
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -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 %
- 80
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 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 %
- 64
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 12
- 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
- 15
- Operating Profit
- -7
- OPM %
- -88
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -7
- Tax %
- 20
- Net Profit
- -6
- EPS
- -6
- Dividend Payout %
- -10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2024
- 31
- 9
- Operating Profit
- 22
- OPM %
- 72
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 21
- Tax %
- 22
- Net Profit
- 17
- EPS
- 17
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 27
- 14
- Operating Profit
- 13
- OPM %
- 49
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 12
- Tax %
- 23
- Net Profit
- 9
- EPS
- 8
- 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
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 90
- Tax %
- 22
- Net Profit
- 70
- 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:
- 14%
- 5 Years:
- —
- 3 Years:
- -4%
STOCK PRICE CAGR
- 10 Years:
- 38%
- 5 Years:
- 48%
- 3 Years:
- 40%
- 1 Year:
- -64%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 13%
- 3 Years:
- 8%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 33 | 35 | 44 | 46 | 34 | 44 | 53 | 47 | 62 | 148 | |
| 0 | 0 | 5 | 7 | 7 | 0 | 1 | 3 | 2 | 0 | |
| Trade Payables | 2 | 6 | 12 | 17 | 17 | 22 | 41 | 41 | 37 | 38 |
| 2 | 3 | 3 | -1 | -4 | 1 | 2 | 0 | 2 | 23 | |
| Total Liabilities | 47 | 55 | 74 | 78 | 63 | 77 | 108 | 101 | 114 | 221 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 6 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | |
| 12 | 14 | 15 | 15 | 11 | 23 | 23 | 18 | 34 | 62 | |
| 2 | 4 | 4 | 8 | 3 | 10 | 21 | 12 | 5 | 6 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 18 | |
| Cash & Bank | 11 | 14 | 19 | 27 | 27 | 31 | 49 | 55 | 2 | 1 |
| 16 | 19 | 32 | 26 | 19 | 11 | 13 | 14 | 62 | 132 | |
| Total Assets | 47 | 55 | 74 | 78 | 63 | 77 | 108 | 101 | 114 | 221 |
| Total Debt | 0 | 0 | 5 | 7 | 7 | 0 | 1 | 3 | 2 | 0 |
| Net Working Capital | 27 | 30 | 39 | 34 | 23 | 24 | 32 | 26 | -3 | 49 |
| Contingent Liabilities | 10 | 13 | 11 | 8 | 9 | 9 | 10 | 38 | 56 | 97 |
| Book Value per Share | 43.15 | 44.95 | 53.90 | 55.80 | 43.59 | 54.04 | 63.44 | 56.63 | 71.70 | 136.39 |
| 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 | 2 | 0 |
| Net Working Capital | 27 | 30 | 39 | 34 | 23 | 24 | 32 | 26 | -3 | 49 |
| Contingent Liabilities | 10 | 13 | 11 | 8 | 9 | 9 | 10 | 38 | 56 | 97 |
| Book Value per Share | 43.15 | 44.95 | 53.90 | 55.80 | 43.59 | 54.04 | 63.44 | 56.63 | 71.70 | 136.39 |
| 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
- 33
- 0
- Trade Payables
- 2
- 2
- Total Liabilities
- 47
- 6
- 12
- 2
- 0
- Cash & Bank
- 11
- 16
- Total Assets
- 47
- Total Debt
- 0
- Net Working Capital
- 27
- Contingent Liabilities
- 10
- Book Value per Share
- 43.15
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 27
- Contingent Liabilities
- 10
- Book Value per Share
- 43.15
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 10
- 35
- 0
- Trade Payables
- 6
- 3
- Total Liabilities
- 55
- 3
- 14
- 4
- 0
- Cash & Bank
- 14
- 19
- Total Assets
- 55
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 13
- Book Value per Share
- 44.95
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 30
- Contingent Liabilities
- 13
- Book Value per Share
- 44.95
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- 44
- 5
- Trade Payables
- 12
- 3
- Total Liabilities
- 74
- 3
- 15
- 4
- 0
- Cash & Bank
- 19
- 32
- Total Assets
- 74
- Total Debt
- 5
- Net Working Capital
- 39
- Contingent Liabilities
- 11
- Book Value per Share
- 53.90
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 39
- Contingent Liabilities
- 11
- Book Value per Share
- 53.90
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- 46
- 7
- Trade Payables
- 17
- -1
- Total Liabilities
- 78
- 3
- 15
- 8
- 0
- Cash & Bank
- 27
- 26
- Total Assets
- 78
- Total Debt
- 7
- Net Working Capital
- 34
- Contingent Liabilities
- 8
- Book Value per Share
- 55.80
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 34
- Contingent Liabilities
- 8
- Book Value per Share
- 55.80
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 10
- 34
- 7
- Trade Payables
- 17
- -4
- Total Liabilities
- 63
- 2
- 11
- 3
- 0
- Cash & Bank
- 27
- 19
- Total Assets
- 63
- Total Debt
- 7
- Net Working Capital
- 23
- Contingent Liabilities
- 9
- Book Value per Share
- 43.59
- Face Value
- 10.00
- Total Debt
- 7
- Net Working Capital
- 23
- Contingent Liabilities
- 9
- Book Value per Share
- 43.59
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 10
- 44
- 0
- Trade Payables
- 22
- 1
- Total Liabilities
- 77
- 2
- 23
- 10
- 0
- Cash & Bank
- 31
- 11
- Total Assets
- 77
- Total Debt
- 0
- Net Working Capital
- 24
- Contingent Liabilities
- 9
- Book Value per Share
- 54.04
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 24
- Contingent Liabilities
- 9
- Book Value per Share
- 54.04
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 10
- 53
- 1
- Trade Payables
- 41
- 2
- Total Liabilities
- 108
- 2
- 23
- 21
- 0
- Cash & Bank
- 49
- 13
- Total Assets
- 108
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 10
- Book Value per Share
- 63.44
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 10
- Book Value per Share
- 63.44
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 10
- 47
- 3
- Trade Payables
- 41
- 0
- Total Liabilities
- 101
- 2
- 18
- 12
- 0
- Cash & Bank
- 55
- 14
- Total Assets
- 101
- Total Debt
- 3
- Net Working Capital
- 26
- Contingent Liabilities
- 38
- Book Value per Share
- 56.63
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 26
- Contingent Liabilities
- 38
- Book Value per Share
- 56.63
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 10
- 62
- 2
- Trade Payables
- 37
- 2
- Total Liabilities
- 114
- 2
- 34
- 5
- 8
- Cash & Bank
- 2
- 62
- Total Assets
- 114
- Total Debt
- 2
- Net Working Capital
- -3
- Contingent Liabilities
- 56
- Book Value per Share
- 71.70
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- -3
- Contingent Liabilities
- 56
- Book Value per Share
- 71.70
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 12
- 148
- 0
- Trade Payables
- 38
- 23
- Total Liabilities
- 221
- 2
- 62
- 6
- 18
- Cash & Bank
- 1
- 132
- Total Assets
- 221
- Total Debt
- 0
- Net Working Capital
- 49
- Contingent Liabilities
- 97
- Book Value per Share
- 136.39
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 49
- Contingent Liabilities
- 97
- Book Value per Share
- 136.39
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -7 | 2 | 1 | 4 | 13 | 6 | 6 | 4 | -1 | -21 | |
| Cash from Investing | 13 | 2 | 1 | 0 | -12 | 3 | -10 | -4 | 5 | -75 |
| Cash from Financing | -6 | -1 | 3 | -1 | -2 | -8 | -1 | 0 | -3 | 95 |
| 0 | 3 | 6 | 3 | -2 | 1 | -5 | 0 | 1 | -2 | |
| Free Cash Flow | -9 | 2 | 1 | 3 | 13 | 6 | 6 | 3 | -1 | -21 |
| OCF / Net Profit | -1.09 | 0.59 | 0.15 | -3.38 | -1.20 | 0.58 | 0.61 | -0.64 | -0.06 | -2.36 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10 | 25 | 29 | 32 | 27 | -7 |
| OCF / Net Profit | -1.09 | 0.59 | 0.15 | -3.38 | -1.20 | 0.58 | 0.61 | -0.64 | -0.06 | -2.36 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 10 | 25 | 29 | 32 | 27 | -7 |
Mar 2016
- -7
- Cash from Investing
- 13
- Cash from Financing
- -6
- 0
- Free Cash Flow
- -9
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- 0
Mar 2017
- 2
- Cash from Investing
- 2
- Cash from Financing
- -1
- 3
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1
- Cash from Investing
- 1
- Cash from Financing
- 3
- 6
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 0
Mar 2019
- 4
- Cash from Investing
- 0
- Cash from Financing
- -1
- 3
- Free Cash Flow
- 3
- OCF / Net Profit
- -3.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.38
- Cumulative 5-Year FCF
- 0
Mar 2020
- 13
- Cash from Investing
- -12
- Cash from Financing
- -2
- -2
- Free Cash Flow
- 13
- OCF / Net Profit
- -1.20
- Cumulative 5-Year FCF
- 10
- OCF / Net Profit
- -1.20
- Cumulative 5-Year FCF
- 10
Mar 2021
- 6
- Cash from Investing
- 3
- Cash from Financing
- -8
- 1
- Free Cash Flow
- 6
- OCF / Net Profit
- 0.58
- Cumulative 5-Year FCF
- 25
- OCF / Net Profit
- 0.58
- Cumulative 5-Year FCF
- 25
Mar 2022
- 6
- Cash from Investing
- -10
- Cash from Financing
- -1
- -5
- Free Cash Flow
- 6
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 29
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 29
Mar 2023
- 4
- Cash from Investing
- -4
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- -0.64
- Cumulative 5-Year FCF
- 32
- OCF / Net Profit
- -0.64
- Cumulative 5-Year FCF
- 32
Mar 2024
- -1
- Cash from Investing
- 5
- Cash from Financing
- -3
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- 27
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- 27
Mar 2025
- -21
- Cash from Investing
- -75
- Cash from Financing
- 95
- -2
- Free Cash Flow
- -21
- OCF / Net Profit
- -2.36
- Cumulative 5-Year FCF
- -7
- OCF / Net Profit
- -2.36
- Cumulative 5-Year FCF
- -7
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 6.54 | 3.00 | 8.94 | -1.04 | -10.89 | 10.30 | 10.40 | -5.80 | 16.60 | 7.79 |
| Book Value (₹) | 43.15 | 44.95 | 53.90 | 55.80 | 43.59 | 54.04 | 63.44 | 56.63 | 71.70 | 136.39 |
| 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 (₹) | 0.71 | 0.38 | 0.96 | -0.05 | -1.05 | 1.06 | 1.07 | -0.55 | 1.69 | 0.82 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.94% | -1.42% | 24.78% | 1.45% | -126.47% | 80.22% | 63.80% | -87.52% | 71.11% | 48.58% |
| Net Margin % | 15.27% | 6.67% | 16.95% | -14.35% | -116.12% | 47.09% | 50.84% | -75.52% | 53.51% | 34.11% |
| ROE % | 16.16% | 6.82% | 18.10% | -1.89% | -21.92% | 21.11% | 17.71% | -9.67% | 25.87% | 7.89% |
| ROCE % | 15.73% | 7.00% | 23.88% | -0.69% | -21.68% | 32.85% | 21.43% | -11.23% | 32.75% | 10.03% |
| 13.44% | 5.93% | 13.97% | -1.37% | -15.44% | 14.70% | 11.24% | -5.57% | 15.48% | 5.45% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 90 | 95 | 119 | 1119 | 646 | 120 | 55 | 131 | 63 | 179 |
| Inventory Days | 25 | 24 | 26 | 289 | 221 | 109 | 269 | 762 | 98 | 76 |
| Payable Days | 33 | 37 | 87 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 82 | 81 | 59 | 1409 | 867 | 229 | 324 | 893 | 161 | 255 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.10x | 0.12x | 0.16x | 0.00x | 0.02x | 0.06x | 0.03x | 0.00x |
| Interest Coverage (x) | 38.82x | 17.62x | 14.37x | -0.39x | -9.10x | 20.59x | 14.95x | -29.86x | 32.07x | 16.22x |
| 8.44x | 4.24x | 3.08x | 2.40x | 1.92x | 2.06x | 1.73x | 1.59x | 0.93x | 2.16x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 22.76% | 5.12% | 17.20% | -86.30% | 29.75% | 133.26% | -6.49% | -62.44% | 303.65% | -13.88% |
| Operating Profit Growth % | 123.47% | -108.80% | 2147.18% | -99.20% | 0.00% | 247.96% | -25.63% | -151.53% | 429.79% | -41.00% |
| Net Profit Growth % | 171.15% | -54.07% | 197.75% | -111.60% | -949.61% | 194.60% | 0.95% | -155.80% | 386.02% | -45.10% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.02% | -53.05% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.68x | 24.01x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.89x | 13.72x |
| 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 | 12.57x | 167.16x |
Mar 2016
- EPS (₹)
- 6.54
- Book Value (₹)
- 43.15
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.71
- Operating Margin %
- 16.94%
- Net Margin %
- 15.27%
- ROE %
- 16.16%
- ROCE %
- 15.73%
- 13.44%
- Debtor Days
- 90
- Inventory Days
- 25
- Payable Days
- 33
- 82
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 38.82x
- 8.44x
- Revenue Growth %
- 22.76%
- Operating Profit Growth %
- 123.47%
- Net Profit Growth %
- 171.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 3.00
- Book Value (₹)
- 44.95
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.38
- Operating Margin %
- -1.42%
- Net Margin %
- 6.67%
- ROE %
- 6.82%
- ROCE %
- 7.00%
- 5.93%
- Debtor Days
- 95
- Inventory Days
- 24
- Payable Days
- 37
- 81
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 17.62x
- 4.24x
- Revenue Growth %
- 5.12%
- Operating Profit Growth %
- -108.80%
- Net Profit Growth %
- -54.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.94
- Book Value (₹)
- 53.90
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 0.96
- Operating Margin %
- 24.78%
- Net Margin %
- 16.95%
- ROE %
- 18.10%
- ROCE %
- 23.88%
- 13.97%
- Debtor Days
- 119
- Inventory Days
- 26
- Payable Days
- 87
- 59
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 14.37x
- 3.08x
- Revenue Growth %
- 17.20%
- Operating Profit Growth %
- 2147.18%
- Net Profit Growth %
- 197.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.04
- Book Value (₹)
- 55.80
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- -0.05
- Operating Margin %
- 1.45%
- Net Margin %
- -14.35%
- ROE %
- -1.89%
- ROCE %
- -0.69%
- -1.37%
- Debtor Days
- 1119
- Inventory Days
- 289
- Payable Days
- 0
- 1409
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- -0.39x
- 2.40x
- Revenue Growth %
- -86.30%
- Operating Profit Growth %
- -99.20%
- Net Profit Growth %
- -111.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -10.89
- Book Value (₹)
- 43.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.05
- Operating Margin %
- -126.47%
- Net Margin %
- -116.12%
- ROE %
- -21.92%
- ROCE %
- -21.68%
- -15.44%
- Debtor Days
- 646
- Inventory Days
- 221
- Payable Days
- 0
- 867
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- -9.10x
- 1.92x
- Revenue Growth %
- 29.75%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- -949.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 10.30
- Book Value (₹)
- 54.04
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 80.22%
- Net Margin %
- 47.09%
- ROE %
- 21.11%
- ROCE %
- 32.85%
- 14.70%
- Debtor Days
- 120
- Inventory Days
- 109
- Payable Days
- 0
- 229
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 20.59x
- 2.06x
- Revenue Growth %
- 133.26%
- Operating Profit Growth %
- 247.96%
- Net Profit Growth %
- 194.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 10.40
- Book Value (₹)
- 63.44
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.07
- Operating Margin %
- 63.80%
- Net Margin %
- 50.84%
- ROE %
- 17.71%
- ROCE %
- 21.43%
- 11.24%
- Debtor Days
- 55
- Inventory Days
- 269
- Payable Days
- 0
- 324
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 14.95x
- 1.73x
- Revenue Growth %
- -6.49%
- Operating Profit Growth %
- -25.63%
- Net Profit Growth %
- 0.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -5.80
- Book Value (₹)
- 56.63
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- -0.55
- Operating Margin %
- -87.52%
- Net Margin %
- -75.52%
- ROE %
- -9.67%
- ROCE %
- -11.23%
- -5.57%
- Debtor Days
- 131
- Inventory Days
- 762
- Payable Days
- 0
- 893
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- -29.86x
- 1.59x
- Revenue Growth %
- -62.44%
- Operating Profit Growth %
- -151.53%
- Net Profit Growth %
- -155.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 16.60
- Book Value (₹)
- 71.70
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 1.69
- Operating Margin %
- 71.11%
- Net Margin %
- 53.51%
- ROE %
- 25.87%
- ROCE %
- 32.75%
- 15.48%
- Debtor Days
- 63
- Inventory Days
- 98
- Payable Days
- 0
- 161
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 32.07x
- 0.93x
- Revenue Growth %
- 303.65%
- Operating Profit Growth %
- 429.79%
- Net Profit Growth %
- 386.02%
- 386.02%
- P/E (x)
- 1.68x
- P/B (x)
- 3.89x
- Dividend Yield %
- 0.21%
- 12.57x
Mar 2025
- EPS (₹)
- 7.79
- Book Value (₹)
- 136.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.82
- Operating Margin %
- 48.58%
- Net Margin %
- 34.11%
- ROE %
- 7.89%
- ROCE %
- 10.03%
- 5.45%
- Debtor Days
- 179
- Inventory Days
- 76
- Payable Days
- 0
- 255
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 16.22x
- 2.16x
- Revenue Growth %
- -13.88%
- Operating Profit Growth %
- -41.00%
- Net Profit Growth %
- -45.10%
- -53.05%
- P/E (x)
- 24.01x
- P/B (x)
- 13.72x
- Dividend Yield %
- 0.00%
- 167.16x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-21 - Indo Thai Securities Limited has informed the Exchange about Copy of Newspaper Publication
- Copy of Newspaper Publication
2026-08-17 - Indo Thai Securities Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026

