Palash Securities Ltd.
•₹ 88.920.82%
2026-08-21
PROS
- Solid return on assets for a lender - ROA of 6.1%
- Asset quality is healthy - gross NPA of just 0.0%
- Operating margins have improved to -8.2% from -16.8%
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (190.9% of PBT)
- Company has a low return on capital employed of -0.9%
- Company has a low return on equity of -1.7% over last 3 years
- Company's sales have been declining over the last five 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. | PALASHSECU | 90.00 | 5.57 | 90.03 | 0.00 | -1.47 | 51.52 | 0.31 | -97.71 | 2.74 | -484.57 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 14 | 9 | 10 | 6 | 4 | 13 | 14 | 14 | 3 | 10 | 0 | 0 | |
| 14 | 14 | 11 | 14 | 9 | 15 | 16 | 23 | 16 | 26 | 11 | 0 | 0 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -6 | -0 | -3 | -5 | -3 | -1 | -4 | -10 | -3 | -1 | 23 | -0 | -1 | |
| Tax % | -0.32% | -2580.00% | -2.97% | -0.42% | -1.55% | -248.24% | 29.74% | 9.14% | -0.66% | -160.95% | 0.31% | 239.13% | -2.52% |
| Net Profit | 0 | 0 | 0 | 0 | -3 | -3 | -3 | -9 | -3 | -3 | 22 | -41 | -1 |
| -4 | 0 | -2 | -3 | -2 | -2 | -1 | -8 | -2 | -1 | 22 | -4 | -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% |
| 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% |
Jun 2023
- 8
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -6
- Tax %
- -0.32%
- Net Profit
- 0
- -4
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 14
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- -2580.00%
- Net Profit
- 0
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 9
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -3
- Tax %
- -2.97%
- Net Profit
- 0
- -2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 10
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -5
- Tax %
- -0.42%
- Net Profit
- 0
- -3
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 6
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -3
- Tax %
- -1.55%
- Net Profit
- -3
- -2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 4
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -1
- Tax %
- -248.24%
- Net Profit
- -3
- -2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 13
- 16
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -4
- Tax %
- 29.74%
- Net Profit
- -3
- -1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 14
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -10
- Tax %
- 9.14%
- Net Profit
- -9
- -8
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 14
- 16
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -3
- Tax %
- -0.66%
- Net Profit
- -3
- -2
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3
- 26
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -1
- Tax %
- -160.95%
- Net Profit
- -3
- -1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 10
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 0
- Depreciation
- 0
- 23
- Tax %
- 0.31%
- Net Profit
- 22
- 22
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 239.13%
- Net Profit
- -41
- -4
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- -2.52%
- Net Profit
- -1
- -0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 47 | 43 | 47 | 48 | 62 | 60 | 64 | 45 | 49 | 50 | 14 | |
| 38 | 35 | 41 | 49 | 73 | 72 | 76 | 56 | 64 | 54 | 38 | |
| Operating Profit | 9 | 8 | 7 | -1 | -11 | -10 | -11 | -11 | -14 | 21 | — |
| OPM % | 20 | 20 | 15 | -1 | -17 | -17 | -17 | -25 | -28 | 42 | — |
| Other Income | 0 | 1 | 1 | 0 | 0 | 3 | 1 | 0 | 1 | 25 | 25 |
| Interest | 5 | 3 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| 4 | 5 | 6 | -2 | -12 | -13 | -15 | -14 | -18 | 13 | 20 | |
| Tax % | 2 | 2 | 7 | -21 | -3 | 34 | -12 | -10 | -1 | 9 | 6 |
| Net Profit | 4 | 5 | 6 | -2 | -13 | -9 | -16 | -16 | -18 | 12 | 19 |
| EPS | 0 | 0 | 0 | 0 | -13 | -9 | -16 | -10 | -13 | 16 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 5 | 4 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 |
| Adjusted EPS | 4 | 5 | 6 | -2 | -13 | -9 | -16 | -10 | -13 | 16 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 5 | 4 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 |
| Adjusted EPS | 4 | 5 | 6 | -2 | -13 | -9 | -16 | -10 | -13 | 16 | — |
Mar 2017
- 47
- 38
- Operating Profit
- 9
- OPM %
- 20
- Other Income
- 0
- Interest
- 5
- Depreciation
- 0
- 4
- Tax %
- 2
- Net Profit
- 4
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2018
- 43
- 35
- Operating Profit
- 8
- OPM %
- 20
- Other Income
- 1
- Interest
- 3
- Depreciation
- 0
- 5
- Tax %
- 2
- Net Profit
- 5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2019
- 47
- 41
- Operating Profit
- 7
- OPM %
- 15
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 6
- Tax %
- 7
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 48
- 49
- Operating Profit
- -1
- OPM %
- -1
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -2
- Tax %
- -21
- Net Profit
- -2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 62
- 73
- Operating Profit
- -11
- OPM %
- -17
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- -12
- Tax %
- -3
- Net Profit
- -13
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
Mar 2022
- 60
- 72
- Operating Profit
- -10
- OPM %
- -17
- Other Income
- 3
- Interest
- 2
- Depreciation
- 1
- -13
- Tax %
- 34
- Net Profit
- -9
- EPS
- -9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2023
- 64
- 76
- Operating Profit
- -11
- OPM %
- -17
- Other Income
- 1
- Interest
- 3
- Depreciation
- 1
- -15
- Tax %
- -12
- Net Profit
- -16
- EPS
- -16
- Dividend Payout %
- 0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -16
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- -16
Mar 2024
- 45
- 56
- Operating Profit
- -11
- OPM %
- -25
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- -14
- Tax %
- -10
- Net Profit
- -16
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- -10
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- -10
Mar 2025
- 49
- 64
- Operating Profit
- -14
- OPM %
- -28
- Other Income
- 1
- Interest
- 3
- Depreciation
- 1
- -18
- Tax %
- -1
- Net Profit
- -18
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- -13
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- -13
Mar 2026
- 50
- 54
- Operating Profit
- 21
- OPM %
- 42
- Other Income
- 25
- Interest
- 2
- Depreciation
- 0
- 13
- Tax %
- 9
- Net Profit
- 12
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 16
TTM
- 14
- 38
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 1
- Depreciation
- 0
- 20
- Tax %
- 6
- Net Profit
- 19
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -4%
- 3 Years:
- -8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- -5%
- 1 Year:
- -28%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- -2%
- 3 Years:
- -2%
- Last Year:
- 2%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
| 42 | 47 | 241 | 152 | 268 | 538 | 375 | 473 | 577 | 474 | |
| 41 | 5 | 3 | 8 | 21 | 21 | 20 | 30 | 24 | 0 | |
| Trade Payables | 5 | 4 | 5 | 10 | 9 | 10 | 10 | 10 | 9 | 0 |
| 5 | 5 | 6 | 6 | 7 | 23 | 22 | 38 | 70 | 41 | |
| Total Liabilities | 103 | 71 | 266 | 186 | 315 | 603 | 436 | 561 | 690 | 525 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 3 | 3 | 3 | 3 | 47 | 47 | 47 | 46 | 47 | 1 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 39 | 34 | 219 | 134 | 222 | 521 | 349 | 486 | 609 | 511 | |
| 13 | 12 | 13 | 21 | 16 | 16 | 18 | 10 | 16 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | |
| Cash & Bank | 4 | 5 | 13 | 7 | 7 | 5 | 12 | 10 | 11 | 10 |
| 44 | 17 | 17 | 22 | 23 | 13 | 10 | 5 | 5 | 2 | |
| Total Assets | 103 | 71 | 266 | 186 | 315 | 603 | 436 | 561 | 690 | 525 |
| Total Debt | 41 | 5 | 6 | 10 | 23 | 23 | 22 | 30 | 24 | 0 |
| Net Working Capital | 12 | 23 | 32 | 26 | 11 | -2 | 5 | -17 | -4 | 11 |
| Contingent Liabilities | 3 | 3 | 3 | 4 | 4 | 3 | 2 | 3 | 2 | 1 |
| Book Value per Share | 51.79 | 56.97 | 242.84 | 161.99 | 237.55 | 507.98 | 356.80 | 454.72 | 566.20 | 483.62 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 41 | 5 | 6 | 10 | 23 | 23 | 22 | 30 | 24 | 0 |
| Net Working Capital | 12 | 23 | 32 | 26 | 11 | -2 | 5 | -17 | -4 | 11 |
| Contingent Liabilities | 3 | 3 | 3 | 4 | 4 | 3 | 2 | 3 | 2 | 1 |
| Book Value per Share | 51.79 | 56.97 | 242.84 | 161.99 | 237.55 | 507.98 | 356.80 | 454.72 | 566.20 | 483.62 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- 10
- 42
- 41
- Trade Payables
- 5
- 5
- Total Liabilities
- 103
- 3
- Capital Work in Progress
- 0
- 39
- 13
- 0
- Cash & Bank
- 4
- 44
- Total Assets
- 103
- Total Debt
- 41
- Net Working Capital
- 12
- Contingent Liabilities
- 3
- Book Value per Share
- 51.79
- Face Value
- 10.00
- Total Debt
- 41
- Net Working Capital
- 12
- Contingent Liabilities
- 3
- Book Value per Share
- 51.79
- Face Value
- 10.00
Mar 2018
- 10
- 47
- 5
- Trade Payables
- 4
- 5
- Total Liabilities
- 71
- 3
- Capital Work in Progress
- 0
- 34
- 12
- 0
- Cash & Bank
- 5
- 17
- Total Assets
- 71
- Total Debt
- 5
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 56.97
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 23
- Contingent Liabilities
- 3
- Book Value per Share
- 56.97
- Face Value
- 10.00
Mar 2019
- 10
- 241
- 3
- Trade Payables
- 5
- 6
- Total Liabilities
- 266
- 3
- Capital Work in Progress
- 0
- 219
- 13
- 0
- Cash & Bank
- 13
- 17
- Total Assets
- 266
- Total Debt
- 6
- Net Working Capital
- 32
- Contingent Liabilities
- 3
- Book Value per Share
- 242.84
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 32
- Contingent Liabilities
- 3
- Book Value per Share
- 242.84
- Face Value
- 10.00
Mar 2020
- 10
- 152
- 8
- Trade Payables
- 10
- 6
- Total Liabilities
- 186
- 3
- Capital Work in Progress
- 0
- 134
- 21
- 0
- Cash & Bank
- 7
- 22
- Total Assets
- 186
- Total Debt
- 10
- Net Working Capital
- 26
- Contingent Liabilities
- 4
- Book Value per Share
- 161.99
- Face Value
- 10.00
- Total Debt
- 10
- Net Working Capital
- 26
- Contingent Liabilities
- 4
- Book Value per Share
- 161.99
- Face Value
- 10.00
Mar 2021
- 10
- 268
- 21
- Trade Payables
- 9
- 7
- Total Liabilities
- 315
- 47
- Capital Work in Progress
- 1
- 222
- 16
- 0
- Cash & Bank
- 7
- 23
- Total Assets
- 315
- Total Debt
- 23
- Net Working Capital
- 11
- Contingent Liabilities
- 4
- Book Value per Share
- 237.55
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- 11
- Contingent Liabilities
- 4
- Book Value per Share
- 237.55
- Face Value
- 10.00
Mar 2022
- 10
- 538
- 21
- Trade Payables
- 10
- 23
- Total Liabilities
- 603
- 47
- Capital Work in Progress
- 0
- 521
- 16
- 0
- Cash & Bank
- 5
- 13
- Total Assets
- 603
- Total Debt
- 23
- Net Working Capital
- -2
- Contingent Liabilities
- 3
- Book Value per Share
- 507.98
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- -2
- Contingent Liabilities
- 3
- Book Value per Share
- 507.98
- Face Value
- 10.00
Mar 2023
- 10
- 375
- 20
- Trade Payables
- 10
- 22
- Total Liabilities
- 436
- 47
- Capital Work in Progress
- 0
- 349
- 18
- 0
- Cash & Bank
- 12
- 10
- Total Assets
- 436
- Total Debt
- 22
- Net Working Capital
- 5
- Contingent Liabilities
- 2
- Book Value per Share
- 356.80
- Face Value
- 10.00
- Total Debt
- 22
- Net Working Capital
- 5
- Contingent Liabilities
- 2
- Book Value per Share
- 356.80
- Face Value
- 10.00
Mar 2024
- 10
- 473
- 30
- Trade Payables
- 10
- 38
- Total Liabilities
- 561
- 46
- Capital Work in Progress
- 0
- 486
- 10
- 3
- Cash & Bank
- 10
- 5
- Total Assets
- 561
- Total Debt
- 30
- Net Working Capital
- -17
- Contingent Liabilities
- 3
- Book Value per Share
- 454.72
- Face Value
- 10.00
- Total Debt
- 30
- Net Working Capital
- -17
- Contingent Liabilities
- 3
- Book Value per Share
- 454.72
- Face Value
- 10.00
Mar 2025
- 10
- 577
- 24
- Trade Payables
- 9
- 70
- Total Liabilities
- 690
- 47
- Capital Work in Progress
- 0
- 609
- 16
- 3
- Cash & Bank
- 11
- 5
- Total Assets
- 690
- Total Debt
- 24
- Net Working Capital
- -4
- Contingent Liabilities
- 2
- Book Value per Share
- 566.20
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- -4
- Contingent Liabilities
- 2
- Book Value per Share
- 566.20
- Face Value
- 10.00
Mar 2026
- 10
- 474
- 0
- Trade Payables
- 0
- 41
- Total Liabilities
- 525
- 1
- Capital Work in Progress
- 1
- 511
- 0
- 0
- Cash & Bank
- 10
- 2
- Total Assets
- 525
- Total Debt
- 0
- Net Working Capital
- 11
- Contingent Liabilities
- 1
- Book Value per Share
- 483.62
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 11
- Contingent Liabilities
- 1
- Book Value per Share
- 483.62
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 25 | 6 | -6 | -8 | 1 | -13 | -12 | -5 | -18 | |
| Cash from Investing | 4 | 14 | 5 | -3 | -4 | -0 | 0 | -3 | -3 | -4 |
| Cash from Financing | 0 | -38 | -2 | 4 | 11 | -2 | 18 | 6 | 16 | 14 |
| 3 | 1 | 9 | -6 | -0 | -2 | 5 | -10 | 8 | -8 | |
| Free Cash Flow | -6 | 25 | 6 | -7 | -53 | 1 | -14 | -12 | -6 | -18 |
| OCF / Net Profit | -0.36 | 4.91 | 1.10 | 3.31 | 0.65 | -0.15 | 0.82 | 0.77 | 0.28 | -1.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -35 | -27 | -66 | -85 | -84 | -49 |
| OCF / Net Profit | -0.36 | 4.91 | 1.10 | 3.31 | 0.65 | -0.15 | 0.82 | 0.77 | 0.28 | -1.53 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -35 | -27 | -66 | -85 | -84 | -49 |
Mar 2017
- -1
- Cash from Investing
- 4
- Cash from Financing
- 0
- 3
- Free Cash Flow
- -6
- OCF / Net Profit
- -0.36
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.36
- Cumulative 5-Year FCF
- 0
Mar 2018
- 25
- Cash from Investing
- 14
- Cash from Financing
- -38
- 1
- Free Cash Flow
- 25
- OCF / Net Profit
- 4.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.91
- Cumulative 5-Year FCF
- 0
Mar 2019
- 6
- Cash from Investing
- 5
- Cash from Financing
- -2
- 9
- Free Cash Flow
- 6
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.10
- Cumulative 5-Year FCF
- 0
Mar 2020
- -6
- Cash from Investing
- -3
- Cash from Financing
- 4
- -6
- Free Cash Flow
- -7
- OCF / Net Profit
- 3.31
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.31
- Cumulative 5-Year FCF
- 0
Mar 2021
- -8
- Cash from Investing
- -4
- Cash from Financing
- 11
- -0
- Free Cash Flow
- -53
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- -35
- OCF / Net Profit
- 0.65
- Cumulative 5-Year FCF
- -35
Mar 2022
- 1
- Cash from Investing
- -0
- Cash from Financing
- -2
- -2
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- -27
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- -27
Mar 2023
- -13
- Cash from Investing
- 0
- Cash from Financing
- 18
- 5
- Free Cash Flow
- -14
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- -66
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- -66
Mar 2024
- -12
- Cash from Investing
- -3
- Cash from Financing
- 6
- -10
- Free Cash Flow
- -12
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- -85
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- -85
Mar 2025
- -5
- Cash from Investing
- -3
- Cash from Financing
- 16
- 8
- Free Cash Flow
- -6
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- -84
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- -84
Mar 2026
- -18
- Cash from Investing
- -4
- Cash from Financing
- 14
- -8
- Free Cash Flow
- -18
- OCF / Net Profit
- -1.53
- Cumulative 5-Year FCF
- -49
- OCF / Net Profit
- -1.53
- Cumulative 5-Year FCF
- -49
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.83 | 5.18 | 5.63 | -1.93 | -12.83 | -8.54 | -15.57 | -9.62 | -12.66 | 16.06 |
| Book Value (₹) | 51.79 | 56.97 | 242.84 | 161.99 | 237.55 | 507.98 | 356.80 | 454.72 | 566.20 | 483.62 |
| 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 (₹) | 4.00 | 5.36 | 5.80 | -1.62 | -12.47 | -7.77 | -15.46 | -15.04 | -17.05 | 12.12 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 19.74% | 19.55% | 14.63% | -1.19% | -17.35% | -16.53% | -16.82% | -25.59% | -29.62% | -8.16% |
| Net Margin % | 8.21% | 12.09% | 12.01% | -4.06% | -20.81% | -14.36% | -25.38% | -35.22% | -35.73% | 23.58% |
| ROE % | 14.78% | 9.53% | 3.75% | -0.96% | -6.42% | -2.29% | -3.76% | -3.88% | -3.46% | 2.23% |
| ROCE % | 19.21% | 10.47% | 4.30% | -0.42% | -5.10% | -2.68% | -2.54% | -2.72% | -2.70% | 2.74% |
| 7.47% | 5.97% | 3.34% | -0.86% | -5.12% | -1.86% | -3.13% | -3.16% | -2.82% | 1.93% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 28 | 34 | 39 | 50 | 44 | 44 | 27 | 23 | 22 | 0 |
| Inventory Days | 99 | 106 | 100 | 130 | 107 | 96 | 96 | 116 | 96 | 0 |
| Payable Days | 53 | 115 | 99 | 130 | 98 | 119 | 144 | 156 | 163 | 63 |
| 74 | 25 | 40 | 50 | 53 | 22 | -21 | -17 | -45 | -63 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.77x | 0.08x | 0.02x | 0.06x | 0.10x | 0.05x | 0.06x | 0.07x | 0.04x | 0.00x |
| Interest Coverage (x) | 1.76x | 2.83x | 11.08x | -1.24x | -7.70x | -4.52x | -3.88x | -4.55x | -4.88x | 8.23x |
| 1.24x | 3.06x | 3.64x | 2.21x | 1.30x | 0.93x | 1.13x | 0.62x | 0.89x | 9.61x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | -8.01% | 9.25% | 1.79% | 29.24% | -3.44% | 7.58% | -30.14% | 10.43% | 0.55% |
| Operating Profit Growth % | 0.00% | -8.89% | -18.28% | -108.25% | -1790.44% | 8.02% | -9.50% | -2.40% | -26.25% | 248.21% |
| Net Profit Growth % | 0.00% | 35.37% | 8.52% | -134.39% | -562.90% | 33.38% | -90.22% | 3.06% | -12.00% | 166.38% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 38.23% | -31.66% | 226.88% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.02x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.26x | 0.21x | 0.17x |
| 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 | -12.62x | -9.63x | 3.44x |
Mar 2017
- EPS (₹)
- 3.83
- Book Value (₹)
- 51.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.00
- Operating Margin %
- 19.74%
- Net Margin %
- 8.21%
- ROE %
- 14.78%
- ROCE %
- 19.21%
- 7.47%
- Debtor Days
- 28
- Inventory Days
- 99
- Payable Days
- 53
- 74
- Debt to Equity (x)
- 0.77x
- Interest Coverage (x)
- 1.76x
- 1.24x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 5.18
- Book Value (₹)
- 56.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.36
- Operating Margin %
- 19.55%
- Net Margin %
- 12.09%
- ROE %
- 9.53%
- ROCE %
- 10.47%
- 5.97%
- Debtor Days
- 34
- Inventory Days
- 106
- Payable Days
- 115
- 25
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 2.83x
- 3.06x
- Revenue Growth %
- -8.01%
- Operating Profit Growth %
- -8.89%
- Net Profit Growth %
- 35.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.63
- Book Value (₹)
- 242.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.80
- Operating Margin %
- 14.63%
- Net Margin %
- 12.01%
- ROE %
- 3.75%
- ROCE %
- 4.30%
- 3.34%
- Debtor Days
- 39
- Inventory Days
- 100
- Payable Days
- 99
- 40
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 11.08x
- 3.64x
- Revenue Growth %
- 9.25%
- Operating Profit Growth %
- -18.28%
- Net Profit Growth %
- 8.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -1.93
- Book Value (₹)
- 161.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.62
- Operating Margin %
- -1.19%
- Net Margin %
- -4.06%
- ROE %
- -0.96%
- ROCE %
- -0.42%
- -0.86%
- Debtor Days
- 50
- Inventory Days
- 130
- Payable Days
- 130
- 50
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- -1.24x
- 2.21x
- Revenue Growth %
- 1.79%
- Operating Profit Growth %
- -108.25%
- Net Profit Growth %
- -134.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -12.83
- Book Value (₹)
- 237.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -12.47
- Operating Margin %
- -17.35%
- Net Margin %
- -20.81%
- ROE %
- -6.42%
- ROCE %
- -5.10%
- -5.12%
- Debtor Days
- 44
- Inventory Days
- 107
- Payable Days
- 98
- 53
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- -7.70x
- 1.30x
- Revenue Growth %
- 29.24%
- Operating Profit Growth %
- -1790.44%
- Net Profit Growth %
- -562.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -8.54
- Book Value (₹)
- 507.98
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.77
- Operating Margin %
- -16.53%
- Net Margin %
- -14.36%
- ROE %
- -2.29%
- ROCE %
- -2.68%
- -1.86%
- Debtor Days
- 44
- Inventory Days
- 96
- Payable Days
- 119
- 22
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- -4.52x
- 0.93x
- Revenue Growth %
- -3.44%
- Operating Profit Growth %
- 8.02%
- Net Profit Growth %
- 33.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -15.57
- Book Value (₹)
- 356.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -15.46
- Operating Margin %
- -16.82%
- Net Margin %
- -25.38%
- ROE %
- -3.76%
- ROCE %
- -2.54%
- -3.13%
- Debtor Days
- 27
- Inventory Days
- 96
- Payable Days
- 144
- -21
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- -3.88x
- 1.13x
- Revenue Growth %
- 7.58%
- Operating Profit Growth %
- -9.50%
- Net Profit Growth %
- -90.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -9.62
- Book Value (₹)
- 454.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -15.04
- Operating Margin %
- -25.59%
- Net Margin %
- -35.22%
- ROE %
- -3.88%
- ROCE %
- -2.72%
- -3.16%
- Debtor Days
- 23
- Inventory Days
- 116
- Payable Days
- 156
- -17
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- -4.55x
- 0.62x
- Revenue Growth %
- -30.14%
- Operating Profit Growth %
- -2.40%
- Net Profit Growth %
- 3.06%
- 38.23%
- P/E (x)
- 0.00x
- P/B (x)
- 0.26x
- Dividend Yield %
- 0.00%
- -12.62x
Mar 2025
- EPS (₹)
- -12.66
- Book Value (₹)
- 566.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -17.05
- Operating Margin %
- -29.62%
- Net Margin %
- -35.73%
- ROE %
- -3.46%
- ROCE %
- -2.70%
- -2.82%
- Debtor Days
- 22
- Inventory Days
- 96
- Payable Days
- 163
- -45
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- -4.88x
- 0.89x
- Revenue Growth %
- 10.43%
- Operating Profit Growth %
- -26.25%
- Net Profit Growth %
- -12.00%
- -31.66%
- P/E (x)
- 0.00x
- P/B (x)
- 0.21x
- Dividend Yield %
- 0.00%
- -9.63x
Mar 2026
- EPS (₹)
- 16.06
- Book Value (₹)
- 483.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.12
- Operating Margin %
- -8.16%
- Net Margin %
- 23.58%
- ROE %
- 2.23%
- ROCE %
- 2.74%
- 1.93%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 63
- -63
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 8.23x
- 9.61x
- Revenue Growth %
- 0.55%
- Operating Profit Growth %
- 248.21%
- Net Profit Growth %
- 166.38%
- 226.88%
- P/E (x)
- 5.02x
- P/B (x)
- 0.17x
- Dividend Yield %
- 0.00%
- 3.44x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - Palash Securities Limited has informed the Exchange about Copy of Newspaper Publication
- 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.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.