Alacrity Securities Ltd (ALSL)

About

Alacrity Securities Ltd is a micro-cap financial services company (₹282 Cr market cap) operating in Other Financial Services within India's financial sector. The company is promoter-led with 54% shareholding and demonstrates significant quarterly volatility in revenue (₹70–₹237 Cr) and profitability.

Face value: ₹10

Market cap

₹220 Cr

P/E

35.5×

P/B

2.4×

Dividend yield

0.2%

ROE

6.4%

ROCE

9.7%

Debt / equity

0.09

OPM

2.4%

EPS (TTM)

₹1.3

Book value

₹19.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin collapsed from 7.6% (Sep 2025) to -5.3% (Mar 2026), with recurring March quarter losses (₹5.14 Cr in Mar 2025, ₹5.55 Cr in Mar 2026) — verify root cause and seasonality
Revenue volatility across ₹70–₹237 Cr over eight quarters suggests business concentration or execution instability — verify client base, revenue driver stability, and concentration risk
Zero institutional ownership (FII 0%, DII 0%) and ₹282 Cr market cap create capital access constraints and severe liquidity risk
PE ratio of 45.42 on a loss-making quarter suggests valuation distortion from illiquidity rather than fundamental support

Generated analysis · source review pending

Growth drivers

Revenue growth from ₹70.63 Cr (Jun 2025) to ₹124.97 Cr (Mar 2026) indicates client or volume scaling — verify sustainability and underlying drivers
Operating margin of 7.6% in Sep 2025 proved operational model viability — verify if current margin compression is recoverable
Growing Indian financial services market and retail participation could expand addressable opportunities — verify market size, growth rate, and company's competitive capture

Generated analysis · source review pending

949 historical price candles were omitted because the exchange source has not been verified.

₹47.2-6%1Y

Quick read

rule-based

Pros

+Profit CAGR of 25.2% over the last 5 years
+Revenue CAGR of 26.4% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 10.5×

Cons

−Low return on equity of 9.2% (3-yr avg)
−Thin operating margin of 2.4%
−Low dividend payout of 7.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 37
Growth: 94

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Crisil LimitedCRISILCRISIL	₹32,373 Cr	₹32,373 Cr	₹4,126 Cr	₹1,229 Cr	29.7%	₹884 Cr	21%	33.9%	27.4%	48
RRP Semiconductor LtdRRPRRP	₹11,162 Cr	₹11,168 Cr	₹-7 Cr	₹-7 Cr	—	₹-8 Cr	—	-32.7%	-59.8%	—
Onemi Technology Solutions LimitedKISSHTKISSHT	₹6,254 Cr	₹7,346 Cr	₹2,179 Cr	₹651 Cr	29.9%	₹281 Cr	12.9%	32.9%	21%	-8
Asset Reconstruction Company (India) LimitedARCILARCIL	₹4,546 Cr	₹5,751 Cr	₹722 Cr	₹473 Cr	65.5%	₹-36 Cr	44.7%	—	-1.3%	—
Colab Platforms LtdCOLABCOLAB	₹2,622 Cr	₹2,624 Cr	₹158 Cr	₹2 Cr	1%	₹5 Cr	2.9%	23.2%	17.2%	9
Gyftr LtdGYFTRGYFTR	₹1,204 Cr	₹1,240 Cr	₹14 Cr	₹3 Cr	21.6%	₹2 Cr	12.9%	—	0.5%	—
Prime Securities LimitedPRIMESECUPRIMESECU	₹1,022 Cr	₹1,024 Cr	₹125 Cr	₹13 Cr	15.7%	₹5 Cr	9.6%	—	6.7%	—
Centrum Capital LimitedCENTRUMCENTRUM	₹969 Cr	₹17,026 Cr	₹3,643 Cr	₹948 Cr	29.2%	₹-217 Cr	-7.5%	12.7%	-46.8%	-519
Wealth First Portfolio Managers LimitedWEALTHWEALTH	₹952 Cr	₹952 Cr	₹58 Cr	₹37 Cr	72.3%	₹33 Cr	56%	34.5%	27.7%	563
Stellant Securities (India) LtdSTELLANTSTELLANT	₹518 Cr	₹518 Cr	₹0 Cr	₹-0 Cr	-93.8%	₹-0 Cr	-93.8%	-45.5%	-44.8%	0
The Investment Trust Of India LimitedTHEINVESTTHEINVEST	₹472 Cr	₹523 Cr	₹274 Cr	₹48 Cr	20.2%	₹33 Cr	12.2%	8.5%	4.2%	-42
Ndl Ventures LimitedNDLVENTURENDLVENTURE	₹422 Cr	₹1,328 Cr	₹1,044 Cr	₹149 Cr	17%	₹-38 Cr	0.2%	4.4%	-5.9%	-739

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	127	282	207	341	570	411
Interest	1	1	1	1	1	1
Expenses	124	277	202	325	557	401
Financing profit	1	4	4	16	12	9
Financing margin %	1.1%	1.3%	2%	4.7%	2.1%	2.2%
Other income	1	1	1	1	4	0
Depreciation	0	0	0	0	0	1
Exceptional items	—	—	—	—	0	0
Profit before tax	2	4	5	16	16	9
Tax	-0	1	1	5	4	2
Tax %	-1%	12.1%	29.1%	30.3%	24.2%	27.8%
PAT	2	4	3	11	12	6
EPS (₹)	1	1.7	1.5	5.4	2.6	1.3
EPS adjusted (₹)	—	—	—	—	2.6	1.3
	0%	0%	0%	0%	0%	7.5%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	—	—	—	47	47
Reserves	—	—	—	—	55	45
	—	—	—	—	5	9
	36	38	38	65	24	27
Total equity & liabilities	36	38	38	65	130	128
	—	—	—	—	4	7
CWIP	—	—	—	—	—	—
Investments	5	5	7	17	24	30
	31	33	30	48	101	91
Total assets	36	38	38	65	130	128

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-4	-0	-0	0	-34	31
	-1	1	-0	-9	-8	-26
	-0	-1	-1	8	42	-2
Net cash flow	-5	-1	-1	-0	-0	2
Free cash flow	-4	-0	-1	0	-39	30
CFO / Operating profit %	-129.7%	-2.8%	-7.5%	2.7%	-273.2%	316.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	3.9%	2.4%	3.3%	6.4%	3.2%	3.5%
EBITDA margin %	2.2%	1.6%	2.4%	4.9%	2.2%	2.4%
EBIT margin %	2%	1.6%	2.3%	4.8%	2.1%	2.2%
PAT margin %	1.6%	1.3%	1.6%	3.4%	2.1%	1.5%
Working capital
Receivable days	—	—	—	—	0	6
Inventory days	39	16	24	20	27	40
Payable days	—	—	—	—	6	0
NWC days	—	—	—	—	21	46
Leverage
Current ratio	1.59	1.85	2.21	2.7	3.81	2.91
Debt to EBITDA	—	—	—	—	0.38	0.89
Debt to equity	—	—	—	—	0.05	0.09
Interest coverage	2.5	4.8	6.3	22.4	26.6	10.5
Asset turnover	3.54	7.33	5.51	5.23	4.39	3.2
Return ratios
Return on assets %	5.6%	9.4%	8.6%	17.5%	9.3%	4.8%
Return on capital employed %	18.9%	26.6%	23.7%	49.4%	22.2%	9.7%
Return on equity %	—	—	—	—	11.9%	6.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.46%	65.46%	65.73%	65.73%	57.35%	54.34%	54.34%	54.34%	54.34%	54.34%	54.34%	54.34%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.54%	34.54%	34.27%	34.27%	42.65%	45.66%	45.66%	45.66%	45.66%	45.66%	45.66%	45.66%
No. of shareholders	—	—	—	—	—	—	—	—	1,486	1,551	1,506	1,483

Promoter holding down 11.12 percentage points since Mar 2023.

16 deals · 15 Feb 2022 – 21 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Aug 2026	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Sell	2,36,425	₹50.10	₹1.18 Cr
25 Mar 2026	AJAYRAMAKANTOJHA	Bulk	BSE	Sell	2,50,000	₹53.95	₹1.35 Cr
25 Mar 2026	WEALTH 4 U HOSPITALITY CONSULTANCY PRIVATE LIMITED	Bulk	BSE	Buy	2,48,166	₹53.95	₹1.34 Cr
25 Mar 2026	WEALTH 4 U HOSPITALITY CONSULTANCY PRIVATE LIMITED	Bulk	BSE	Sell	5,348	₹55.01	₹0.03 Cr
23 Sept 2025	L7 HITECH PRIVATE LIMITED	Bulk	BSE	Buy	2,99,000	₹61.94	₹1.85 Cr
23 Sept 2025	TANAISHA DEVANG VYAS	Bulk	BSE	Sell	2,91,377	₹61.97	₹1.81 Cr
11 Jul 2025	TRINA DEVANG VYAS	Bulk	BSE	Sell	2,42,434	₹61.00	₹1.48 Cr
11 Jul 2025	TRINA DEVANG VYAS	Bulk	BSE	Buy	10,818	₹61.20	₹0.07 Cr
26 Jul 2024	MONICA RAMESH SHAH	Bulk	BSE	Sell	2,00,000	₹82.07	₹1.64 Cr
25 Jul 2024	MOIN AKHTAR QURESHI	Bulk	BSE	Sell	2,12,000	₹83.54	₹1.77 Cr

1–10 of 16

1 / 2

Mr. Kishore Vithaldas ShahExecutive Director-Chairperson
Kishor Vithaldas ShahChief Financial Officer
Mr. Hiten Ramniklal MehtaNon-Executive - Non Independent Director
Ms. Pooja Ashutosh GuptaExecutive Director
Mr. Dhruvkumar Ashwinkumar ShahNon-Executive - Independent Director
Mr. Mitesh Somchandbhai AmbaniNon-Executive - Independent Director
Mr. Nikunj Hasmukhbhai ShahNon-Executive - Independent Director
Mr. Kaushik RathodChief Financial Officer
Ms. Amita ParmarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Alacrity Securities Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

13

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend23 Sept 2026 · ex-date₹0.1

1

Board meeting to consider results16 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

26 announcementsExport CSV

30 Sept 2026, 5:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 4:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 4:59 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 4:48 pmCompany Update

Clarification On Price Movement As Sought By BSE

General PDF

17 Sept 2026, 5:31 pmCompany Update

Clarification sought from Alacrity Securities Ltd

Clarification

11 Sept 2026, 11:00 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

11 Sept 2026, 11:00 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

11 Sept 2026, 10:59 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 4:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Alacrity Securities Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

1

1

Not in the F&O segment

Announcements

Annual reports

No fund holdings on record

Compounded sales growth

Compounded profit growth

Return on equity

Alacrity Securities Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends1

Board meetings1

Announcements

Dividends1

Board meetings1

Not in the F&O segment

Announcements

Annual reports

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Ratio timeline

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1