Indo Thai Securities Limited
₹28.66-₹0.01 (0.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,287 Cr
- P/E
- 85.8x
- EV / EBITDA
- 148.9x
- Revenue
- ₹27.0 Cr
- Net margin
- 54.8%
- ROCE
- 5.9%
Price chart
Technical chartScreen technicals →-92.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -14.6%
- 3M
- -86.9%
- 6M
- -90.1%
- 1Y
- -92.7%
- 5Y
- +168.9%
52-week range
Day change -₹0.01 (0.0%) from ₹29 to ₹29 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INDOTHAI, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 28.1%
Concerns1
- Low return on equity of 5.0%
Rule-based from financial data. Not advice.
About the company
Indo Thai Securities Limited engages in the stock and share broking, depository participants, and other related ancillary businesses in India. The company operates through Brokering, Commission & Related Activities; Real Estate Business; and Environmental Technology segments.
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Indo Thai Securities Limited engages in the stock and share broking, depository participants, and other related ancillary businesses in India. The company operates through Brokering, Commission & Related Activities; Real Estate Business; and Environmental Technology segments. It is involved in the trading of equities and derivatives, commodities derivatives, and currency derivatives; purchase and sale of properties; development of land; real estate rental business; and provision of mutual fund, depository, initial public offering, algorithmic trading, and wealth management services, as well as bonds and fixed deposits. The company also provides life insurance products; and trading platform and mobile/desktop applications under the Winstock brand, as well as engages in the development of environmental technologies, and investment and trading of shares. It serves corporate clients, high net worth individuals, mega traders, and retail investors. The company was incorporated in 1995 and is based in Indore, India.
- Sector
- Financial Services
- Shares outstanding
- 12.7 Cr shares
- ISIN
- INE337M01021
- BSE code
- 533676
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,287 Cr
- P/E
- 85.8x
- P/B
- 15.3x
- EV / EBITDA
- 148.9x
- EV / Sales
- 105.7x
- P/S
- 106.0x
- Earnings yield
- 1.2%
- 52-week high
- ₹460.60
- 52-week low
- ₹28.66
Profitability
- Operating margin
- 71.0%
- Net margin
- 54.8%
- EBITDA margin
- 71.0%
- ROE
- 5.0%
- ROCE
- 5.9%
- ROA
- 14.9%
- Dividend payout
- 10.0%
- Tax rate
- 22.0%
- Other income, % of PBT
- 0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹27.0 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -12.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹22.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 414.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -47.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹1.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -125.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.8%
Solvency and efficiency
- Current ratio
- 2.85
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.14
- Financial leverage
- 1.58
- CFO / Net profit
- -0.06
- Cash / Market cap
- 2.2%
- Cash per share
- ₹5.67
- Asset turnover
- 0.27
- Fixed asset turnover
- 15.50
- Capital intensity
- 0.06
- Debtor days
- 91 days
- Cash conversion cycle
- 91 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹33 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹14 Cr |
| Sales | Operating profit | ₹13 Cr |
| Operating profit | Interest | ₹1 Cr |
| Operating profit | Profit before tax | ₹12 Cr |
| Profit before tax | Tax and other | ₹3 Cr |
| Profit before tax | Net profit | ₹9 Cr |
Revenue and net profit
Revenue fell 12.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹22 Cr | ₹10 Cr |
| FY2022 | ₹20 Cr | ₹10 Cr |
| FY2023 | ₹8 Cr | -₹6 Cr |
| FY2024 | ₹31 Cr | ₹17 Cr |
| FY2025 | ₹27 Cr | ₹9 Cr |
Cash flows
FY2025: -₹22.0 Cr from operations, -₹97.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹6 Cr | ₹9 Cr |
| FY2022 | ₹6 Cr | -₹4 Cr |
| FY2023 | ₹4 Cr | ₹0 Cr |
| FY2024 | -₹1 Cr | ₹4 Cr |
| FY2025 | -₹22 Cr | -₹97 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹27 Cr-12.9%1Y
- Net profit
- ₹9 Cr-47.1%1Y
- Cash from operations
- -₹22 Cr
- Free cash flow
- -₹97 Cr-2,525.0%1Y
- Revenue CAGR, 5Y
- 28.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹27 Cr | ₹13 Cr | — | ₹9 Cr | -₹22 Cr | -₹97 Cr | 5.0% | -12.9% | -47.1% |
Monthly returns
Month-by-month returns of INDOTHAI across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹221 Cr |
| Equity capital | ₹12 Cr |
| Reserves | ₹167 Cr |
| Borrowings | ₹1 Cr |
| Other liabilities | ₹42 Cr |
| Assets | ₹221 Cr |
| Fixed assets | ₹2 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹68 Cr |
| Other assets | ₹151 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INDOTHAI trades at 85.8x earnings against a peer median of 26.9x (a 219% premium).
Not shown (no positive earnings and no EV / Sales): IndoStar Capital Finance Limited, Muthoot Microfin Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Indo Thai Securities LimitedINDOTHAIthis companyP/E ↑ premium | ₹3,287 Cr | 85.8x | 15.3x | 5.0% | 148.9x |
| ZAGGLE PREPAID OCEAN SERVICES LIMITEDZAGGLE | ₹4,112 Cr | 36.9x | 3.1x | 7.0% | 49.8x |
| ANAND RATHI SHARE AND STOCK BROKERS LIMITEDARSSBL | ₹3,975 Cr | 40.0x | 3.0x | 20.6% | 18.7x |
| IndoStar Capital Finance LimitedINDOSTAR | ₹3,673 Cr | — | 0.8x | 1.5% | 12.1x |
| Share India Securities LimitedSHAREINDIA | ₹3,277 Cr | 15.0x | 1.6x | 12.6% | 6.5x |
| PAISALO DIGITAL LIMITEDPAISALO | ₹3,173 Cr | 15.6x | 1.9x | — | — |
| Nalwa Sons Investment LtdNSIL | ₹3,172 Cr | 153.0x | 0.2x | 0.2% | 48.8x |
| Muthoot Microfin LimitedMUTHOOTMF | ₹3,149 Cr | — | 1.2x | -8.5% | 6.4x |
| Tourism Finance Corpn. Of India LtdTFCILTD | ₹2,878 Cr | 25.6x | 2.3x | 8.5% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
INDOTHAI since 1 January, against earlier years.
Historical volatility
INDOTHAI's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 77.0% |
| FY2022 | 66.0% |
| FY2023 | -89.0% |
| FY2024 | 71.0% |
| FY2025 | 49.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹27 Cr |
| Costs | |
| Interest | ₹1 Cr |
| Expenses | ₹14 Cr |
| Operating profitOperating Profit | ₹13 Cr |
| Other income and charges | |
| Profit before tax | ₹12 Cr |
| Tax | |
| Net profitNet Profit | ₹9 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹221 Cr |
| Equity capitalEquity Capital | ₹12 Cr |
| Reserves | ₹167 Cr |
| Borrowings | ₹1 Cr |
| Other liabilitiesOther Liabilities | ₹42 Cr |
| AssetsTotal Assets | ₹221 Cr |
| Fixed assetsFixed Assets | ₹2 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹68 Cr |
| Other assetsOther Assets | ₹151 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹22 Cr |
| Investing cash flowCash from Investing Activity | -₹75 Cr |
| Financing cash flowCash from Financing Activity | ₹95 Cr |
| Change in cashNet Cash Flow | -₹2 Cr |
Learn while you research
Academy chapters picked for Indo Thai Securities Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 85.8, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read