Indo Thai Securities Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Dec has averaged the highest return (+37.9%); Jun the lowest (-10.5%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -18.9%Negative MonthJan 2026: -18.93% | +9.0%Positive MonthFeb 2026: +8.99% | +9.7%Positive MonthMar 2026: +9.70% | +0.3%Neutral MonthApr 2026: +0.30% | -21.2%Negative MonthMay 2026: -21.17% | -0.1%Neutral MonthJun 2026: -0.13% | -2.6%*Negative MonthJul 2026: -2.62% | β | β | β | β | β |
| 2025 | +34.7%Positive MonthJan 2025: +34.69% | +16.5%Positive MonthFeb 2025: +16.49% | -6.3%Negative MonthMar 2025: -6.31% | +5.3%Positive MonthApr 2025: +5.31% | -3.6%Negative MonthMay 2025: -3.55% | -3.8%Negative MonthJun 2025: -3.81% | +3.9%Positive MonthJul 2025: +3.86% | -18.9%Negative MonthAug 2025: -18.93% | +82.5%Positive MonthSep 2025: +82.49% | +43.3%Positive MonthOct 2025: +43.34% | +5.0%Positive MonthNov 2025: +5.02% | -29.9%Negative MonthDec 2025: -29.91% |
| 2024 | +33.7%Positive MonthJan 2024: +33.75% | +7.5%Positive MonthFeb 2024: +7.51% | -15.1%Negative MonthMar 2024: -15.05% | +20.2%Positive MonthApr 2024: +20.21% | -6.2%Negative MonthMay 2024: -6.22% | -12.2%Negative MonthJun 2024: -12.24% | -1.7%Neutral MonthJul 2024: -1.67% | +55.5%Positive MonthAug 2024: +55.51% | +80.5%Positive MonthSep 2024: +80.46% | +32.3%Positive MonthOct 2024: +32.30% | +11.5%Positive MonthNov 2024: +11.50% | +13.3%Positive MonthDec 2024: +13.29% |
| 2023 | +40.4%Positive MonthJan 2023: +40.37% | -36.2%Negative MonthFeb 2023: -36.24% | -28.5%Negative MonthMar 2023: -28.49% | +43.7%Positive MonthApr 2023: +43.68% | -16.4%Negative MonthMay 2023: -16.37% | +1.9%Neutral MonthJun 2023: +1.93% | -5.1%Negative MonthJul 2023: -5.06% | -6.6%Negative MonthAug 2023: -6.59% | +1.8%Neutral MonthSep 2023: +1.76% | -3.9%Negative MonthOct 2023: -3.92% | -2.2%Negative MonthNov 2023: -2.16% | +5.3%Positive MonthDec 2023: +5.30% |
| 2022 | -1.3%Neutral MonthJan 2022: -1.33% | -0.5%Neutral MonthFeb 2022: -0.50% | +14.9%Positive MonthMar 2022: +14.93% | -21.7%Negative MonthApr 2022: -21.67% | -1.3%Neutral MonthMay 2022: -1.30% | -51.8%Negative MonthJun 2022: -51.80% | +26.2%Positive MonthJul 2022: +26.18% | -5.7%Negative MonthAug 2022: -5.75% | -10.3%Negative MonthSep 2022: -10.30% | +15.9%Positive MonthOct 2022: +15.88% | +72.0%Positive MonthNov 2022: +72.03% | +3.5%Positive MonthDec 2022: +3.52% |
| 2021 | β | β | β | β | β | +3.1%Positive MonthJun 2021: +3.07% | +30.9%Positive MonthJul 2021: +30.86% | +18.3%Positive MonthAug 2021: +18.25% | +4.7%Positive MonthSep 2021: +4.68% | +19.7%Positive MonthOct 2021: +19.68% | +13.7%Positive MonthNov 2021: +13.66% | +197.3%Positive MonthDec 2021: +197.34% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ27.00 Cr | β | βΉ9.00 Cr | β | β | 5.0% | -12.9% | -47.1% |
| Mar 2024 | βΉ31.00 Cr | β | βΉ17.00 Cr | β | β | 23.6% | 287.5% | -383.3% |
| Mar 2023 | βΉ8.00 Cr | β | βΉ-6.00 | β | β | -10.5% | -60.0% | -160.0% |
| Mar 2022 | βΉ20.00 Cr | β | βΉ10.00 Cr | β | β | 15.9% | -9.1% | 0.0% |
| Mar 2021 | βΉ22.00 Cr | β | βΉ10.00 Cr | β | β | 18.5% | 144.4% | -190.9% |
| Mar 2020 | βΉ9.00 Cr | β | βΉ-11.00 | β | β | -25.0% | 28.6% | 1000.0% |
| Mar 2019 | βΉ7.00 Cr | β | βΉ-1.00 | β | β | -1.8% | -87.9% | -111.1% |
| Mar 2018 | βΉ58.00 Cr | β | βΉ9.00 Cr | β | β | 16.7% | 28.9% | 200.0% |
| Mar 2017 | βΉ45.00 Cr | β | βΉ3.00 Cr | β | β | 6.7% | -8.2% | -57.1% |
| Mar 2016 | βΉ49.00 Cr | β | βΉ7.00 Cr | β | β | 16.3% | 36.1% | 250.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 21 | 36 | 49 | 45 | 58 | 7 | 9 | 22 | 20 | 8 | 31 | 27 | 71 |
| Total Expenses | 20 | 33 | 42 | 46 | 45 | 7 | 21 | 5 | 7 | 15 | 9 | 14 | 18 |
| EBIT / Operating Profit | 2 | 3 | 7 | -1 | 13 | 0 | -12 | 17 | 13 | -7 | 22 | 13 | 53 |
| OPM % | 7% | 9% | 15% | -1% | 23% | 1% | -126% | 77% | 66% | -89% | 71% | 49% | 74% |
| Other Income | 0 | 0 | 0 | 5 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Finance Costs | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation & Amortisation | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 3 | 7 | 3 | 12 | -1 | -14 | 14 | 12 | -7 | 21 | 12 | 51 |
| Tax % | 27% | 12% | -0% | -3% | 23% | -30% | -20% | 27% | 13% | -20% | 22% | 23% | - |
| Net Profit / PAT | 1 | 2 | 7 | 3 | 9 | -1 | -11 | 10 | 10 | -6 | 17 | 9 | 38 |
| EPS (βΉ) | 0.07 | 0.24 | 0.65 | 0.30 | 0.89 | -0.10 | -1.09 | 1.03 | 1.04 | -0.58 | 1.66 | 0.78 | 3.09 |
| Dividend Payout % | 0% | 41% | 15% | 33% | 11% | -96% | 0% | 10% | 0% | -10% | 10% | 0% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Indo Thai Securities Limitedthis co. | βΉ3.29 K Cr | βΉ27.00 Cr | 85.80 | 15.33 | 148.89 | -12.9% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
