Almondz Global Securities Limited

One standalone quarter recorded loss (Mar 2026: -₹2.28 Cr, -7.54% OPM); verify if one-time charge, restructuring, or structural margin pressure.

Revenue and OPM swing sharply (₹7.51–₹72.19 Cr, -7.54% to 40.01%); exposes sensitivity to market turnover. Verify if trading volumes or client base declining.

Stock down 31.8% in 1y despite PE 7.58. Market pricing headwinds; verify if regulatory tightening, share loss to larger brokers, or client attrition underway.

Zero FII (0%), minimal DII (0.37%), 50.82% promoter holds 48.81% public float — illiquid. Verify if stock split (Jul 2024) improved volumes and retail interest.

Consolidated revenue peaked ₹72.19 Cr (Mar 2026) and ₹51.95 Cr (Dec 2025); subsidiary contribution scaling. Verify if M&A-driven or organic subs expansion sustaining scale.

Jun 2026 and Dec 2025 quarters achieved OPM 22.4% and 21.46% vs. 13.29% annual; verify if high-turnover environments, client-mix shift, or cost discipline enabling expansion.

Stock split Jul 2024, rallied to ₹21.45 52w high; verify if new retail base, improved liquidity, or new products (derivatives, advisory) driving post-split participation.

D/E 0.17 signals room to lever for acquisition, product expansion, or new geographies; verify if management pursuing inorganic or organic growth with balance-sheet capacity.