Indo Thai Securities Limited (INDOTHAI)

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Indo Thai Securities Limited (INDOTHAI) · mywealthgrid

About

Stockbroking and allied services in Indian capital markets, ₹991 Cr market cap. Recent quarterly revenue ₹20–38 Cr, net profit ₹11–26.6 Cr. High margins (82.87% OPM) and strong returns (28.57% ROE).

Face value: ₹1

Market cap

₹453 Cr

P/E

6.6×

P/B

1.6×

Dividend yield

0.3%

ROE

28.6%

ROCE

—

Debt / equity

0.09

OPM

82.9%

EPS (TTM)

₹5.3

Book value

₹22.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock fell 58% in 1 year despite strong fundamentals; verify whether sector downturn, valuation reset, or company-specific issue.
52-week price range ₹77–₹460 (6× volatility) indicates severe pricing instability; investigate underlying drivers.
Operating margin compressed from 87% (Mar 2026) to 76–77% (Jun 2026); verify if structural cost pressures or temporary seasonal factors.
Quarterly revenue ₹20–38 Cr varies significantly; assess business resilience during low-volume market periods.

Generated analysis · source review pending

Growth drivers

Quarterly revenue ₹20–38 Cr signals heavy market-activity dependence; growth requires expanding trading volumes and retail participation—verify activity trends.
OPM of 82.87% (high but compressed from 87%) leaves little room for margin expansion; growth depends on transaction scaling—verify addressable market size.
ROE of 28.57% indicates capital efficiency; verify reinvestment rate vs. dividends distributed (regular payouts 2023–2025).

Generated analysis · source review pending

2,525 historical price candles were omitted because the exchange source has not been verified.

₹35.2+10.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 19.4% (3-yr avg)
+Healthy operating margin of 82.9%
+Profit CAGR of 45.5% over the last 5 years
+Revenue CAGR of 36.5% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 32.9×

Cons

−Low dividend payout of 1.9% of profit
−Promoter holding fell 4.8 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

98/100

Business quality: 97
Growth

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
Billionbrains Garage Ventures LimitedGROWWGROWW	₹1,12,994 Cr	₹1,13,218 Cr	₹5,242 Cr	₹3,234 Cr	59.1%	₹2,440 Cr	44.9%	29.4%	21.6%	-1,528
Motilal Oswal Financial Services LimitedMOTILALOFSMOTILALOFS	₹59,602 Cr	₹80,857 Cr	₹10,063 Cr	₹4,120 Cr	41.3%	₹1,980 Cr	20%	—	15.6%	—
360 One Wam Limited360ONE360ONE	₹42,297 Cr	₹57,749 Cr	₹4,638 Cr	₹2,875 Cr	62.1%	₹1,262 Cr	27.9%	—	14.4%	—
Nuvama Wealth Management LimitedNUVAMANUVAMA	₹31,051 Cr	₹42,594 Cr	₹4,884 Cr	₹2,554 Cr	52.7%	₹1,083 Cr	22.5%	—	27.4%	—
Angel One LimitedANGELONEANGELONE	₹25,280 Cr	₹33,159 Cr	₹5,426 Cr	₹2,028 Cr	35.4%	₹1,032 Cr	17.8%	—	15.6%	—
IIFL Capital Services LimitedIIFLCAPSIIFLCAPS	₹10,762 Cr	₹12,583 Cr	₹2,434 Cr	₹853 Cr	35%	₹572 Cr	23.3%	—	20.1%	—
Share India Securities LimitedSHAREINDIASHAREINDIA	₹4,487 Cr	₹5,158 Cr	₹1,577 Cr	₹633 Cr	38.8%	₹363 Cr	22.1%	—	13%	—
Anand Rathi Share And Stock Brokers LimitedARSSBLARSSBL	₹3,283 Cr	₹4,114 Cr	₹977 Cr	₹401 Cr	40.7%	₹130 Cr	13.9%	23.9%	14%	-3,037
Monarch Networth Capital LimitedMONARCHMONARCH	₹2,718 Cr	₹2,744 Cr	₹365 Cr	₹255 Cr	69.3%	₹181 Cr	48.7%	28.3%	20.5%	-1,399
Geojit Financial Services LimitedGEOJITFSLGEOJITFSL	₹2,113 Cr	₹2,177 Cr	₹678 Cr	₹145 Cr	24%	₹73 Cr	12.5%	—	6.8%	—
Smc Global Securities LimitedSMCGLOBALSMCGLOBAL	₹2,074 Cr	₹4,072 Cr	₹1,967 Cr	₹383 Cr	20.1%	₹109 Cr	5.5%	—	8.1%	—
Algoquant Fintech LimitedALGOQUANTALGOQUANT	₹1,898 Cr	₹1,929 Cr	₹235 Cr	₹53 Cr	22.4%	₹33 Cr	14.2%	17.6%	24.8%	2

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22	20	8	31	26	104
COGS	0	0	0	0	0	0
	5	8	16	11	15	18
	17	12	-9	20	11	86
OPM %	75.9%	61.7%	-117.2%	64.7%	42.9%	82.9%
Depreciation	1	1	1	1	1	1
Interest	1	1	0	1	1	3
	1	0	1	1	1	0
Profit before tax	16	11	-9	20	10	83
Tax	6	1	-2	4	2	17
Tax %	37.2%	13.3%	-20.2%	22.1%	23.8%	20.5%
	10	10	-7	15	8	66
PAT margin %	46.4%	49%	-94.6%	49.1%	30%	63.7%
EPS (₹)	10.2	9.7	-7.1	15.4	7.7	5.4
EPS adjusted (₹)	1	1	-0.7	1.5	0.7	5.1
	9.8%	10.3%	—	10.4%	0%	3.7%
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	10	10	10	10	12	13
Reserves	—	53	49	63	168	271
Minority interest	—	—	3	2	2	3
	1	1	4	6	4	25
	—	43	42	40	43	63
Total equity & liabilities	—	108	107	122	228	374
	2	2	2	2	2	3
CWIP	—	—	0	0	0	0
Investments	15	15	10	24	52	157
	—	—	95	95	174	214
Total assets	8	108	107	122	228	374

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	13	4	5	1	-3	-22	-34
	-0	12	4	-9	-2	3	-75	-22
	-1	-2	-7	-1	0	0	95	58
Net cash flow	3	2	1	-4	0	1	-2	2
Free cash flow	—	—	3	3	1	-5	-22	-35
CFO / Operating profit %	—	—	26.2%	40.1%	—	-13.6%	-190.4%	-39.1%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Equities, broking and other related activities	103.69	87.33	354.45	82.47	271.98	32.11
Real Estate Activities	0.48	-0.25

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	76%	61.6%	-116.5%	64.6%	42.9%	82.9%
EBIT margin %	72.5%	58.6%	-123.5%	62.9%	40.6%	82.2%
PAT margin %	46.4%	49%	-94.6%	49.1%	30%	63.7%
Working capital
Receivable days	—	—	—	—	—	—
Inventory days	—	—	10	18	0	0
Payable days	—	—	—	—	—	—
NWC days	—	—	—	—	—	—
Leverage
Current ratio	—	2.15	—	—	—	—
Debt to EBITDA	0.05	0.12	—	0.31	0.35	0.29
Debt to equity	—	0.02	0.06	0.08	0.02	0.09
Interest coverage	20.3	14.1	-37.7	23.3	9.9	32.9
Asset turnover	2.69	0.18	0.07	0.26	0.12	0.28
Return ratios
Return on assets %	124.7%	9%	-6.7%	12.6%	3.5%	17.7%
Return on capital employed %	—	18.9%	—	—	—	—
Return on equity %	—	15.3%	-12.2%	21%	4.4%	23.3%

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 (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.18%	72.18%	72.18%	72.18%	72.18%	72.18%	61.73%	60.86%	59.36%	56.77%	56.51%	56.07%
	0%	0%	0%	0%	0%	0.13%	0.52%	0.48%	1.17%	1.28%	1.22%	1.28%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.19%	0.49%	0.46%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.82%	27.82%	27.82%	27.82%	27.82%	27.69%	37.75%	38.66%	39.47%	41.76%	41.78%	42.19%
No. of shareholders	—	—	—	—	—	—	—	—	11,112	15,932	16,464	17,732

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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 Indo Thai Securities Limited. 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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

38 announcementsExport CSV

30 Sept 2026, 3:22 pmInsider Trading / SAST

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

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

29 Sept 2026, 5:21 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

19 Sept 2026, 5:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

19 Sept 2026, 4:10 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

12 Sept 2026, 5:59 pmCompany Update

Indo Thai Securities Limited Has Informed The Exchange About Agreements

General PDF

12 Sept 2026, 5:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Meeting Updates

Meeting Updates PDF

11 Sept 2026, 3:45 pmCompany Update

Indo Thai Securities Limited Has Informed The Exchange About Debenture Trustee Agreement

General PDF

27 Aug 2026, 12:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
30 Sept 2026, 3:22 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
29 Sept 2026, 5:21 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	76%	61.6%	-116.5%	64.6%	42.9%	82.9%
EBIT margin %	72.5%	58.6%	-123.5%	62.9%	40.6%	82.2%
PAT margin %	46.4%	49%	-94.6%	49.1%	30%	63.7%
Working capital
Receivable days	—	—	—	—	—	—
Inventory days	—	—	10	18	0	0
Payable days	—	—	—	—	—	—
NWC days	—	—	—	—	—	—
Leverage
Current ratio	—	2.15	—	—	—	—
Debt to EBITDA	0.05	0.12	—	0.31	0.35	0.29
Debt to equity	—	0.02	0.06	0.08	0.02	0.09
Interest coverage	20.3	14.1	-37.7	23.3	9.9	32.9
Asset turnover	2.69	0.18	0.07	0.26	0.12	0.28
Return ratios
Return on assets %	124.7%	9%	-6.7%	12.6%	3.5%	17.7%
Return on capital employed %	—	18.9%	—	—	—	—
Return on equity %	—	15.3%	-12.2%	21%	4.4%	23.3%

76 deals · 27 Aug 2021 – 17 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	10,58,259	₹35.36	₹3.74 Cr
17 Sept 2026	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	9,00,012	₹35.32	₹3.18 Cr
17 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	7,26,010	₹35.35	₹2.57 Cr
17 Sept 2026	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	42,982	₹36.19	₹0.16 Cr
11 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	16,01,275	₹45.49	₹7.28 Cr
11 Sept 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Sell	13,80,703	₹44.54	₹6.15 Cr
11 Sept 2026	BONANZA PORTFOLIO LTD	Bulk	NSE	Sell	11,57,923	₹43.68	₹5.06 Cr
11 Sept 2026	ANKITA VISHAL SHAH	Bulk	NSE	Buy	10,22,269	₹45.45	₹4.65 Cr
11 Sept 2026	MANSI SHARE AND STOCK BROKING PRIVATE LIMITED	Bulk	NSE	Buy	9,87,413	₹45.09	₹4.45 Cr
11 Sept 2026	ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITED	Bulk	NSE	Buy	9,65,416	₹43.92	₹4.24 Cr

1–10 of 76

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Indo Thai Securities Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

12

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Equities, Broking & Other related activities · revenue

Indo Thai Securities Limited

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

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Dividends12

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Equities, Broking & Other related activities · revenue

12

1

1