Khandwala Securities Limited (KHANDSE)

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Khandwala Securities Limited (KHANDSE) · mywealthgrid

About

Khandwala Securities Limited operates in Stockbroking & Allied within the Financials sector.

Face value: ₹10

Market cap

₹26 Cr

P/E

—

P/B

0.9×

Dividend yield

ROE

-4.5%

ROCE

-3.5%

Debt / equity

0.1

OPM

-28.3%

EPS (TTM)

₹-0.4

Book value

₹18.2

52-week high

—

52-week low

—

2,297 historical price candles were omitted because the exchange source has not been verified.

₹16.8-1.8%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 17% over the last 5 years

Cons

−Low return on equity of -2.2% (3-yr avg)
−Weak interest coverage of -4.6×

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 19
Growth: 66
Valuation: 100

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

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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 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	3	4	6	6	9	10	8
COGS	0	0	0	0	0	0	0	0
Gross profit	—	3	—	—	6	—	9	8
	4	6	4	5	5	8	14	10
	-1	-3	-1	1	1	1	-5	-2
OPM %	-14.1%	-124.5%	-23.6%	13.3%	14.5%	6.6%	-51.6%	-28.3%
Depreciation	0	0	0	0	0	0	0	0
Interest	0	1	1	1	0	0	0	0
	0	1	0	0	0	0	6	1
Profit before tax	-1	-4	-2	0	1	0	0	-1
Tax	-0	-0	-0	-0	0	-0	1	-0
Tax %	-1.3%	-1.1%	-2.9%	-100%	10%	-6.3%	463.6%	-0.8%
	-1	-4	-2	0	0	0	-1	-1
PAT margin %	-21.5%	-131%	-45.8%	2%	7%	2%	-8.4%	-16.1%
EPS (₹)	-0.6	-3	-1.4	0.1	0.3	0.1	0.5	-0.8
EPS adjusted (₹)	—	—	-1.4	0.1	0.3	0.1	-0.5	-0.8
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	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	12	12	15	15	15	15
Reserves	8	8	14	14	14	12
	7	6	3	1	1	3
	14	21	11	16	13	10
Total equity & liabilities	41	47	44	48	43	41
	8	8	8	8	4	4
CWIP	—	0	0	0	0	0
Investments	1	1	1	3	12	1
	32	39	35	36	27	35
Total assets	41	47	44	48	43	41

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 %
Feebased Operations	7.55	0.32	24.96	9	15.96	2.01
Other Unallocated Revenue	1.46	0

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	96.7%	—	—	98.7%	—	98.5%	97.8%
EBITDA margin %	-14.1%	-124.5%	-23.6%	13.3%	14.5%	6.6%	-51.6%	-28.3%
EBIT margin %	-22.3%	-134.7%	-31.4%	8.5%	9.7%	2.9%	-55.1%	-31.9%
PAT margin %	-21.5%	-131%	-45.8%	2%	7%	2%	-8.4%	-16.1%
Working capital
Receivable days	—	—	694	282	457	285	148	186
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	1,020	1,383	49,823	718	29,695	18,916
NWC days	—	—	-327	-1,101	-49,365	-433	-29,547	-18,730
Leverage
Current ratio	—	—	0.97	0.94	1.87	1.01	1.48	0.78
Debt to EBITDA	—	—	—	7.98	2.87	2.62	—	—
Debt to equity	—	—	0.35	0.32	0.09	0.05	0.05	0.1
Interest coverage	-1.8	-3.4	-1.3	1.1	2.4	1.6	3	-4.6
Asset turnover	—	—	0.09	0.13	0.14	0.18	0.22	0.19
Return ratios
Return on assets %	—	—	-4%	0.3%	1%	0.4%	-1.8%	-3.1%
Return on capital employed %	—	—	-3.5%	2.9%	2.8%	1.3%	1.1%	-3.4%
Return on equity %	—	—	-8.3%	0.6%	1.5%	0.6%	-2.8%	-4.6%

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
	47.75%	47.76%	47.76%	47.97%	47.98%	48.15%	48.25%	48.27%	48.27%	48.3%	48.73%	48.78%
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%
	52.25%	52.24%	52.24%	52.03%	52.02%	51.85%	51.75%	51.73%	51.73%	51.7%	51.27%	51.22%
No. of shareholders	—	—	—	—	—	—	—	—	4,561	4,604	4,571	4,604

Promoter holding up 1.03 percentage points since Sep 2023.

75 deals · 21 Jan 2022 – 13 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Jan 2026	ORION STOCKS LTD	Bulk	NSE	Sell	1,08,632	₹20.10	₹0.22 Cr
13 Jan 2026	ORION STOCKS LTD	Bulk	BSE	Buy	89,434	₹19.53	₹0.17 Cr
13 Jan 2026	ORION STOCKS LTD	Bulk	NSE	Buy	19,198	₹19.95	₹0.04 Cr
1 Jan 2026	RIMPY MITTAL	Bulk	NSE	Buy	84,776	₹21.95	₹0.19 Cr
1 Jan 2026	RIMPY MITTAL	Bulk	NSE	Sell	18,876	₹20.43	₹0.04 Cr
13 Aug 2025	RIMPY MITTAL	Bulk	NSE	Sell	1,91,235	₹26.71	₹0.51 Cr
13 Aug 2025	RIMPY MITTAL	Bulk	NSE	Buy	1,91,235	₹27.30	₹0.52 Cr
13 Aug 2025	RIMPY MITTAL	Bulk	BSE	Sell	1,80,652	₹27.33	₹0.49 Cr
13 Aug 2025	IRAGE BROKING SERVICES LLP	Bulk	BSE	Sell	1,66,797	₹26.49	₹0.44 Cr
13 Aug 2025	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	1,54,641	₹26.65	₹0.41 Cr

1–10 of 75

1 / 8

Mr. KALPEN SHUKLANon-Executive - Independent Director-Chairperson
Mr. PARESH J. KHANDWALAExecutive Director-MD
Mrs. BHAGYASHREE KHANDWALANon-Executive - Non Independent Director
Mr. PRANAV KHANDWALAExecutive Director
Mr. PRATIK KHANDWALANon-Executive - Non Independent Director
Mrs. SUZAN VAKILNon-Executive - Independent Director
Abhishek JoshiCompany 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 Khandwala 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

Loading documents…

Events

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

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

6 announcementsExport CSV

30 Sept 2026, 3:57 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	96.7%	—	—	98.7%	—	98.5%	97.8%
EBITDA margin %	-14.1%	-124.5%	-23.6%	13.3%	14.5%	6.6%	-51.6%	-28.3%
EBIT margin %	-22.3%	-134.7%	-31.4%	8.5%	9.7%	2.9%	-55.1%	-31.9%
PAT margin %	-21.5%	-131%	-45.8%	2%	7%	2%	-8.4%	-16.1%
Working capital
Receivable days	—	—	694	282	457	285	148	186
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	1,020	1,383	49,823	718	29,695	18,916
NWC days	—	—	-327	-1,101	-49,365	-433	-29,547	-18,730
Leverage
Current ratio	—	—	0.97	0.94	1.87	1.01	1.48	0.78
Debt to EBITDA	—	—	—	7.98	2.87	2.62	—	—
Debt to equity	—	—	0.35	0.32	0.09	0.05	0.05	0.1
Interest coverage	-1.8	-3.4	-1.3	1.1	2.4	1.6	3	-4.6
Asset turnover	—	—	0.09	0.13	0.14	0.18	0.22	0.19
Return ratios
Return on assets %	—	—	-4%	0.3%	1%	0.4%	-1.8%	-3.1%
Return on capital employed %	—	—	-3.5%	2.9%	2.8%	1.3%	1.1%	-3.4%
Return on equity %	—	—	-8.3%	0.6%	1.5%	0.6%	-2.8%	-4.6%

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

Date	Category	Subject	Filing
30 Sept 2026, 3:57 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 6:33 pm	Company Update Meeting Updates	Announcement under Regulation 30 (LODR)-Meeting Updates	PDF
18 Sept 2026, 6:25 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
26 Aug 2026, 3:58 pm	AGM/EGM AGM	Notice Of 33Rd Annual General Meeting Of The Company To Be Held On Friday, September 18 2026	PDF
26 Aug 2026, 3:17 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
10 Aug 2026, 1:40 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On August 10, 2026	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	3	-7	-2	4	-2
	0	1	-0	-1	-4	1
	-2	-1	5	-0	0	-1
Net cash flow	-2	3	-3	-3	0	-2
Free cash flow	-0	3	-7	-2	4	-2
CFO / Operating profit %	—	407.4%	-795.6%	-310.7%	—	—

Khandwala Securities Limited

About

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

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Feebased Operations · revenue

Khandwala Securities Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

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

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Feebased Operations · revenue

1

1