PH Capital Ltd (PHCAP) · mywealthgrid

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About

PH Capital Ltd is an investment company in the Financials sector with a market capitalization of ₹300.05 Cr. The stock has delivered strong recent returns (377.97% over 12 months) with significant volatility, trading between ₹172.8 and ₹1,034.9 in the 52-week period. The company maintains minimal leverage (D/E 0.01) while generating ROE of 15.6%.

Face value: ₹10

Market cap

₹400 Cr

P/E

38.9×

P/B

7.0×

Dividend yield

ROE

5.8%

ROCE

8.4%

Debt / equity

OPM

3.2%

EPS (TTM)

₹34.3

Book value

₹191.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin collapsed from 57.13% (Sep 2020) to 6.14% (current), eroding profitability and raising sustainability questions.
Net profit swung from -₹4.75 Cr (Mar 2020) to +₹3.32 Cr (Sep 2020), reflecting either cyclical stress or structural business challenges requiring investigation.
Valuation sustainability: PE 29.14 requires verification that earnings growth justifies the multiple, especially given margin compression and earnings volatility.

Generated analysis · source review pending

Growth drivers

Dividend consistency (2023, 2024, 2025): Three consecutive years of payouts demonstrate cash generation capacity; verify if reinforced by recent results.
Financial flexibility (D/E 0.01, ROE 15.6%): Minimal debt and positive returns provide headroom for investment or expansion; clarify capital deployment strategy.
Margin recovery potential: Historical OPM of 57.13% (Sep 2020) against current 6.14% suggests either temporary operational pressures or structural headwinds; verify which and any recovery path.

Generated analysis · source review pending

1,691 historical price candles were omitted because the exchange source has not been verified.

₹1,334.6+7.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 25.6% (3-yr avg)
+High return on capital employed of 33.9%
+Revenue CAGR of 18.5% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 26.5×
+High promoter holding of 72.7% with no pledge

Cons

−Thin operating margin of 3.2%
−Profit declined 20.7% a year over the last 5 years
−Low dividend payout of 0.7% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality: 43

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

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	33	46	87	51	59	48	83	76	161	185	113
Interest	1	0	0	0	0	0	1	0	0	0	0
Expenses	24	44	85	52	62	32	69	80	134	174	109
Financing profit	8	2	1	-0	-3	16	14	-4	27	11	3
Financing margin %	24.2%	3.6%	1.3%	-0.8%	-5%	32.7%	16.7%	-5.8%	17%	6%	3%
Other income	—	—	—	—	—	0	0	0	0	0	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	8	2	2	-0	-3	16	14	-5	27	11	5
Tax	2	0	1	0	-0	5	2	-1	7	3	1
Tax %	22.7%	16.3%	30.3%	26.5%	-11.3%	34.6%	17.2%	-17.5%	26.1%	27.3%	29.3%
PAT	6	1	2	-0	-3	10	12	-4	20	8	3
EPS (₹)	21.5	4.7	5.6	-1.5	-8.9	34.3	38.7	-12.5	67.1	—	10.8
EPS adjusted (₹)	—	—	—	—	-8.9	34.3	38.7	-12.5	67.1	26.2	10.8
	0%	0%	0%	—	—	0%	0.6%	—	0.4%	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	3	3	3	3
Reserves	—	16	27	23	43	51	55
	—	0	0	1	1	1	0
	—	3	6	0	3	9	1
Total equity & liabilities	—	21	36	28	50	63	59
	0	0	0	1	1	1	0
CWIP	—	—	—	—	—	—	—
Investments	—	0	0	0	0	0	19
	—	21	36	26	49	62	40
Total assets	—	21	36	28	50	63	59

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	0	1	10	-8	45
	-0	0	-1	-0	-0	-16
	-1	-0	0	-0	-1	-1
Net cash flow	0	-0	1	9	-9	28
Free cash flow	2	-0	0	10	-8	45
CFO / Operating profit %	10.9%	0.4%	—	35.6%	-68.7%	—

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	34.5%	19.3%	-1.7%	19%	8.1%	5.8%
EBITDA margin %	-0.3%	-4.5%	32.9%	17.3%	-5.5%	17.1%	6.1%	3.2%
EBIT margin %	-0.4%	-4.5%	32.9%	17.2%	-5.7%	17%	6%	3%
PAT margin %	-0.9%	-4.5%	21.3%	14%	-4.9%	12.5%	4.2%	2.9%
Working capital
Receivable days	—	—	0	0	1	9	0	0
Inventory days	—	—	231	187	99	94	129	21
Payable days	—	—	0	24	0	0	12	0
NWC days	—	—	230	163	100	103	117	21
Leverage
Current ratio	—	—	163.15	6.54	64.62	97.02	7.8	51.51
Debt to EBITDA	—	—	0	0	—	0.03	0.05	0
Debt to equity	—	—	0	0	0.03	0.02	0.01	0
Interest coverage	-0.8	-7.9	122.1	28.5	-16.5	114.5	34.7	26.5
Asset turnover	—	—	2.25	2.31	2.77	3.24	2.93	1.92
Return ratios
Return on assets %	—	—	48%	32.3%	-13.7%	40.4%	12.4%	5.5%
Return on capital employed %	—	—	74.4%	56.1%	-14.9%	71.9%	21.2%	8.4%
Return on equity %	—	—	55.4%	38.4%	-14.3%	43.4%	14.5%	5.6%

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
	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%	72.7%
	0%	0%	0%	0%	0%	0%	0%	0%	0.17%	0.17%	1.89%	2.15%
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%
	27.3%	27.3%	27.3%	27.3%	27.3%	27.3%	27.3%	27.3%	27.13%	27.13%	25.41%	25.15%
No. of shareholders	—	—	—	—	—	—	—	—	4,737	4,344	3,915	3,814

Promoter holding up 0 percentage points since Sep 2023.

15 deals · 20 Nov 2025 – 28 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Aug 2026	NINCETRENDS CAPITAL SERVICES LLP	Bulk	BSE	Buy	17,000	₹1,105.09	₹1.88 Cr
27 Aug 2026	INTUITIVE ALPHA INVESTMENT FUND PCC - CELL 1	Bulk	BSE	Buy	16,000	₹1,111.00	₹1.78 Cr
1 Apr 2026	ALGOQUANT FINTECH LIMITED	Bulk	BSE	Buy	17,000	₹615.93	₹1.05 Cr
1 Apr 2026	ALGOQUANT FINANCIALS LLP	Bulk	BSE	Sell	17,000	₹615.93	₹1.05 Cr
9 Mar 2026	SHRIGAURI BUILDTECH PRIVATE LIMITED	Bulk	BSE	Sell	20,000	₹572.50	₹1.15 Cr
9 Mar 2026	PERDU PETROCHEMICALS TRADING L.L.C	Bulk	BSE	Buy	20,000	₹572.50	₹1.15 Cr
13 Feb 2026	INTUITIVE ALPHA INVESTMENT FUND PCC - CELL 1	Bulk	BSE	Buy	16,700	₹600.00	₹1.00 Cr
22 Jan 2026	BHANSALI FISCAL SERVICES PRIVATE LIMITED	Bulk	BSE	Sell	16,000	₹498.67	₹0.80 Cr
8 Jan 2026	RELITRADE STOCK BROKING PVT LTD	Bulk	BSE	Sell	19,292	₹496.68	₹0.96 Cr
2 Jan 2026	ALGOQUANT FINTECH LIMITED	Bulk	BSE	Sell	16,584	₹457.28	₹0.76 Cr

1–10 of 15

1 / 2

Mrs. SOUGATA SENGUPTANon-Executive - Independent Director
Ms. RAKHI SHARMANon-Executive - Independent Director
Mr. Aditya Himmat BhansaliWhole Time Director
Ms. Disha SinghviExecutive Director
Mr. Nagendraa ParakhNon-Executive - Independent Director
Mr. Rahul SharmaChief Executive Officer
Ms. Simran AgarwalCompany 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 PH Capital 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

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Events

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

3

Interim dividend4 Apr 2025 · ex-date₹0.25
Interim dividend9 Feb 2024 · ex-date₹0.25
Dividend dividend10 Feb 2023 · ex-date₹0.25

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

77 announcementsExport CSV

30 Sept 2026, 5:40 pmCorp. Action

Corporate Action - Record Date For Bonus

Record Date PDF

29 Sept 2026, 6:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Change of Company Name

Change of Name PDF

28 Sept 2026, 4:44 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

19 Sept 2026, 9:48 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 6:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

26 Aug 2026, 2:58 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

25 Aug 2026, 5:45 pmAGM/EGM

Notice Of 53Rd Annual General Meeting

AGM PDF

25 Aug 2026, 5:36 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
30 Sept 2026, 5:40 pm	Corp. Action Record Date	Corporate Action - Record Date For Bonus	PDF
29 Sept 2026, 6:06 pm	Company Update Change of Name	Announcement under Regulation 30 (LODR)-Change of Company Name

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	34.5%	19.3%	-1.7%	19%	8.1%	5.8%
EBITDA margin %	-0.3%	-4.5%	32.9%	17.3%	-5.5%	17.1%	6.1%	3.2%
EBIT margin %	-0.4%	-4.5%	32.9%	17.2%	-5.7%	17%	6%	3%
PAT margin %	-0.9%	-4.5%	21.3%	14%	-4.9%	12.5%	4.2%	2.9%
Working capital
Receivable days	—	—	0	0	1	9	0	0
Inventory days	—	—	231	187	99	94	129	21
Payable days	—	—	0	24	0	0	12	0
NWC days	—	—	230	163	100	103	117	21
Leverage
Current ratio	—	—	163.15	6.54	64.62	97.02	7.8	51.51
Debt to EBITDA	—	—	0	0	—	0.03	0.05	0
Debt to equity	—	—	0	0	0.03	0.02	0.01	0
Interest coverage	-0.8	-7.9	122.1	28.5	-16.5	114.5	34.7	26.5
Asset turnover	—	—	2.25	2.31	2.77	3.24	2.93	1.92
Return ratios
Return on assets %	—	—	48%	32.3%	-13.7%	40.4%	12.4%	5.5%
Return on capital employed %	—	—	74.4%	56.1%	-14.9%	71.9%	21.2%	8.4%
Return on equity %	—	—	55.4%	38.4%	-14.3%	43.4%	14.5%	5.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

PH Capital 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

Events

3

1

Announcements

Not in the F&O segment

No fund holdings on record

3

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

PH Capital 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

Events

Dividends3

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends3

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

1

3

1