Flash Finance

Khandwala Securities LimitedKHANDSECorporate

Finance & Investments Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹16.10
MCap ₹25 Cr
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🏭 Financial Services sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹2 Cr
Sales · Mar 2026
+94.9% YoY
₹-1 Cr
Operating Profit · Mar 2026
+38.2% YoY
-33.0%
OPM % · Mar 2026
+68.3% YoY
₹-0 Cr
Net Profit · Mar 2026
+78.5% YoY
₹-0.29
EPS · Mar 2026
+78.4% YoY

📝 Khandwala Securities Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Khandwala Securities Limited reported revenue of ₹2 crore for the quarter ended March 2026 (Q4 FY26), up 94.9% from ₹1 crore in the same quarter last year, and up 117.0% sequentially over the December 2025 quarter.

The company reported a net loss of ₹0 crore, against a net loss of ₹2 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-0.29.

Operating profit stood at ₹-1 crore — an operating margin (OPM) of -33.0%, compared with -104.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Khandwala Securities Limited posted revenue of ₹8 crore, a decline of 17.2% over FY25, with a net loss of ₹1 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹8 crore with a net loss of ₹1 crore.

Valuation snapshot

At the current price of ₹16.10, KHANDSE has a market capitalisation of ₹25 crore.

Within the Finance & Investments industry, it is the 25th-largest of the 117 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 48.84%, public shareholders 51.16% of Khandwala Securities Limited.

Promoter holding rose from 48.78% to 48.84% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹25 Cr
Current Price ?
₹16.1
P/E ?
N/A
Industry P/E ?
18.90
P/B ?
0.87
P/S ?
3.11
P/FCF ?
-10.91
Enterprise Value ?
₹27 Cr
EV/EBITDA ?
-12.25
PEG ?
N/A
Earnings Yield ?
-9.2%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹8 Cr
OPM ?
-28.4%
Profit after tax (TTM) ?
₹-1 Cr
EPS (TTM) ?
₹-0.84
ROCE ?
-3.4%
ROE ?
-4.5%
ROA ?
-3.1%
Growth
Sales — latest qtr ?
₹2 Cr
PAT — latest qtr ?
₹-0 Cr
YoY qtr sales growth ?
94.9%
YoY qtr profit growth ?
78.5%
Sales growth (3y) ?
7%
Sales growth (5y) ?
16%
Profit growth (3y) ?
N/A
Profit growth (5y) ?
4%
Financial Health
Debt ?
₹3 Cr
Debt to Equity ?
0.10
Interest Coverage ?
-11.0
Current Ratio ?
N/A
Ownership
Promoter holding ?
48.84%
Change in promoter holding ?
0.57%
Pledged percentage ?
N/A
Market
Return 3 months ?
-7.5%
Return 6 months ?
-1.3%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 1222333311312 +94.9% +117.0%
Operating Profit -0000-01-40-1-10-1-1 +38.2% +24.8%
Other Income -1000005000010 +18.9% -33.3%
Interest 0000000000000 +133.3% +16.7%
Depreciation 0000000000000 -45.5% -25.0%
Profit Before Tax -2000-0001-1-10-0-0 +55.0% +8.2%
Net Profit -2000-0001-2-10-0-0 +78.5% +10.2%
EPS -1.130.090.070.18-0.220.310.160.35-1.34-0.390.16-0.32-0.29 +78.4% +9.4%
OPM % -26.5% 10.4% 15.0% 16.2% -7.8% 21.8% -143.3% 9.6% -104.2% -56.1% 5.0% -95.3% -33.0% +68.3% +65.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹10 Cr ₹8 Cr ₹8 Cr -17.2%
Operating Profit ₹-5 Cr ₹-2 Cr ₹-2 Cr +54.5%
OPM % -51.57% -28.35% -28.35% +45.0%
NPM % -8.28% -16.20% -16.20% -95.7%
Other Income ₹6 Cr ₹1 Cr ₹1 Cr -73.7%
Depreciation ₹0 Cr ₹0 Cr ₹0 Cr -17.1%
Interest ₹0 Cr ₹0 Cr ₹0 Cr +109.1%
EBIT ₹-5 Cr ₹-3 Cr ₹-3 Cr +52.0%
PBT ₹0 Cr ₹-1 Cr ₹-1 Cr -714.3%
Tax — — — —
Net Profit ₹-1 Cr ₹-1 Cr ₹-1 Cr -62.0%
EPS ₹-0.52 ₹-0.84 ₹-0.84 -61.5%
Material Cost — — — —
Employee Cost — — — —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 15.2515.2515.2515.25 +0.0%
Reserves 14.8715.0514.2613.12 -8.0%
Borrowings 2.641.551.502.88 +92.0%
Other Liabilities 11.4416.3812.939.97 -22.9%
Total Liabilities 44.2048.2343.9441.22 -6.2%
Fixed Assets 5.495.541.651.58 -4.2%
CWIP 0.000.000.000.00 —
Investments 5.426.4414.994.55 -69.6%
Other Assets 33.2936.2527.3035.09 +28.5%
Total Assets 44.2048.2343.9441.22 -6.2%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -7.24-1.754.03-2.04 -150.6%
Cash from Investing Activity -1.51-1.17-3.940.64 +116.2%
Cash from Financing Activity 8.40-0.090.29-0.50 -272.4%
Net Cash Flow -0.34-3.010.37-1.91 -616.2%
Free Cash Flow -7.83-2.117.57-2.25 -129.7%
CFO/OP -664%-233%-97%91% +193.8%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 443.09278.99137.27185.51 +35.1%
Cash Conversion Cycle 443.09278.99137.27185.51 +35.1%
Working Capital Days 184.48-142.64-198.64-122.59 +38.3%
ROCE % 2.80%1.36%-14.22%-3.41% +76.0%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 48.27%48.27%48.30%48.73%48.78%48.84% +0.1%
Public 51.73%51.73%51.70%51.26%51.22%51.16% -0.1%
No. of Shareholders 4,6144,5614,6044,5714,6044,580 -0.5%

⚖️ Peer comparison

Industry: Finance & Investments · top 25 of 117 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 LICI Life Insurance ₹398.20 503,723 8.4 881,845 60,055 -7.5% 6.8% 10.0% 18.9% -43.2% 24.0%
2 SBILIFE SBI Life ₹1,671.70 167,740 67.9 112,315 2,471 0.7% 2.2% -3.9% 2.4% -82.4% -1.1%
3 ICICIGI ICICI Lombard ₹1,508.90 75,386 29.5 27,196 2,556 5.4% 9.4% 12.7% 10.6% -3.2% 15.4%
4 ICICIPRULI ICICI Prudential ₹496.90 72,089 44.8 63,356 1,608 0.3% 2.5% -10.5% 35.7% -79.7% 62.1%
5 GICRE General Insurance ₹337.75 59,255 6.7 51,723 8,877 16.9% 17.2% 6.8% 30.0% -8.6% -31.1%
6 MFSL Max Financial ₹1,585.90 54,444 492.4 49,823 137 0.5% 0.3% 2.6% -73.9% 16.7% 37.5%
7 STARHEALTH Star Health ₹555.55 32,689 38.7 18,509 844 4.4% 4.6% 10.7% -13.8% 16.2% 109.0%
8 NIACL New India ₹171.56 28,273 36.7 49,363 771 -1.3% 1.6% 14.3% 36.4% -3.6% -160.7%
9 GODIGIT Go Digit ₹250.90 23,196 47.1 10,128 492 0.7% 4.9% 6.8% 28.0% 5.5% -37.4%
10 FIVESTAR Five-Star Business ₹549.40 16,218 14.7 3,293 1,103 11.0% 33.5% 13.3% 2.3% 5.9% 2.0%
11 NIVABUPA Niva Bupa ₹74.77 13,830 38.1 7,598 360 4.2% 4.7% 24.6% -38.5% 65.8% 251.4%
12 PRUDENT Prudent Corporate ₹3,123.30 12,933 52.8 1,372 246 24.2% 17.9% 19.5% 13.8% 18.2% 43.8%
13 EDELWEISS Edelweiss Financial ₹126.74 11,996 17.1 10,508 711 27.5% 6.8% 12.5% 27.1% 3.7% 30.5%
14 IIFLCAPS IIFL Capital ₹344.80 10,867 18.8 2,433 572 35.0% 23.5% 0.6% -20.8% 2.3% 4.6%
15 SBFC SBFC Finance ₹87.70 9,745 20.1 1,783 480 9.8% 26.9% 28.6% 30.7% 26.7% 28.8%
16 RELIGARE Religare Enterprises ₹223.35 7,700 n/m 8,953 18 0.7% 0.2% 14.8% -60.3% 26.5% -687.3%
17 PAISALO Paisalo Digital ₹76.83 7,023 29.4 943 237 0.0% 25.1% 22.0% 19.1% 33.8% 56.5%
18 FEDFINA Fedbank Financial ₹150.76 5,655 12.9 2,563 434 12.9% 16.9% 7.1% 52.2% 34.3% 63.4%
19 MASFIN MAS Financial ₹288.85 5,241 13.3 2,092 398 7.1% 19.0% 24.8% 19.4% 20.3% 26.6%
20 NORTHARC Northern Arc ₹301.00 4,865 12.0 2,705 404 0.0% 14.9% 14.8% 34.2% 22.7% 250.0%
21 PILANIINVS Pilani Investment ₹4,020.00 4,451 — 248 -12 87.1% -4.9% -6.4% -68.5% -70.9% -1075.5%
22 SHAREINDIA Share India ₹183.78 4,022 11.1 1,577 364 40.1% 23.1% 1.5% -1.2% 31.4% 48.1%
23 KIRLOSIND Kirloskar Industries ₹3,690.00 3,878 50.6 113 76 71.5% 67.0% 9.0% -2.1% -27.9% -9.4%
24 INDOSTAR IndoStar Capital ₹239.15 3,866 — 1,417 -395 6.6% -27.8% 74.4% 15.7% -76.0% -97.9%
25 KHANDSE Khandwala Securities ₹17.21 26 — 8 -1 -28.4% -16.2% -17.2% -62.0% 94.9% 78.5%
❓ Frequently asked questions
What was Khandwala Securities Limited's revenue in Q4 FY26?
Khandwala Securities Limited reported revenue of ₹2 crore for the quarter ended March 2026 (Q4 FY26), up 94.9% from ₹1 crore in the same quarter last year, and up 117.0% sequentially over the December 2025 quarter.
What was Khandwala Securities Limited's net profit in Q4 FY26?
The company reported a net loss of ₹0 crore, against a net loss of ₹2 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-0.29.
What is KHANDSE's market capitalisation and P/E ratio?
At the current price of ₹16.10, KHANDSE has a market capitalisation of ₹25 crore.
Who owns Khandwala Securities Limited? (shareholding pattern)
As of Sep 2026, promoters held 48.84%, public shareholders 51.16% of Khandwala Securities Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI