Khandwala Securities (KHANDSE)₹17.43+0.23%Stockbroking & Allied
In the Sep 2026 quarter (consolidated), Khandwala Securities reported sales of ₹3.70 Cr, up 9.1% from Sep 2025, and net profit of ₹0.60 Cr, up 160.9% year on year. For the year to Mar 2026, sales were ₹8.75 Cr and net profit −₹1.26 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.15 | 2.84 | 2.53 | 3.13 | 2.71 | 1.19 | 1.13 | 3.39 | 1.05 | 2.29 | 2.26 | 3.70 |
| Expenses | 1.80 | 3.04 | 1.96 | 7.63 | 2.43 | 2.40 | 1.77 | 3.22 | 2.06 | 3.05 | 2.34 | 3.15 |
| Operating Profit | 0.34 | −0.21 | 0.54 | −4.48 | 0.25 | −1.22 | −0.63 | 0.16 | −1.00 | −0.75 | −0.07 | 0.54 |
| OPM % | 16.2% | −7.8% | 21.8% | −143.4% | 9.6% | −104.3% | −56.2% | 5.0% | −95.3% | −33.1% | −3.5% | 14.8% |
| Other Income | 0.05 | 0.06 | 0.05 | 4.80 | 0.36 | 0.36 | 0.15 | 0.22 | 0.65 | 0.43 | 0.33 | 0.20 |
| Interest | 0.05 | 0.04 | 0.04 | 0.01 | 0.00 | 0.02 | 0.03 | 0.05 | 0.05 | 0.06 | 0.07 | 0.08 |
| Depreciation | 0.07 | 0.11 | 0.09 | 0.06 | 0.06 | 0.10 | 0.06 | 0.07 | 0.07 | 0.05 | 0.06 | 0.07 |
| Profit before tax | 0.24 | −0.33 | 0.45 | 0.21 | 0.52 | −0.99 | −0.58 | 0.23 | −0.48 | −0.44 | 0.08 | 0.58 |
| Tax % | −4.0% | 0.0% | −2.2% | −4.5% | −1.9% | 105.1% | 0.0% | 0.0% | 0.0% | −2.2% | 0.0% | 0.0% |
| Net Profit | 0.26 | −0.35 | 0.47 | 0.23 | 0.53 | −2.04 | −0.60 | 0.23 | −0.48 | −0.43 | 0.07 | 0.60 |
| EPS (Rs) | 0.19 | −0.23 | 0.32 | 0.17 | 0.36 | −1.35 | −0.40 | 0.17 | −0.33 | −0.30 | 0.06 | 0.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.41 | 4.13 | 3.80 | 3.63 | 2.86 | 3.73 | 6.22 | 6.44 | 8.71 | 10.30 | 8.75 | 9.30 |
| Expenses | 3.59 | 4.90 | 4.03 | 5.43 | 6.14 | 4.44 | 5.28 | 5.35 | 7.94 | 14.44 | 10.11 | 10.60 |
| Operating Profit | −0.19 | −0.76 | −0.22 | −1.79 | −3.27 | −0.70 | 0.93 | 1.08 | 0.74 | −4.15 | −1.35 | −1.28 |
| OPM % | −5.9% | −18.7% | −6.1% | −49.5% | −114.4% | −19.0% | 15.1% | 16.9% | 8.6% | −40.5% | −15.6% | −13.8% |
| Other Income | 0.10 | 0.81 | 0.04 | 2.45 | 0.76 | 0.02 | 0.13 | 0.03 | 0.00 | 4.83 | 0.58 | 1.61 |
| Interest | 0.31 | 0.34 | 0.27 | 0.22 | 0.81 | 0.73 | 0.70 | 0.33 | 0.26 | 0.10 | 0.22 | 0.26 |
| Depreciation | 0.28 | 0.29 | 0.28 | 0.27 | 0.27 | 0.27 | 0.28 | 0.28 | 0.30 | 0.33 | 0.28 | 0.25 |
| Profit before tax | −0.71 | −0.59 | −0.76 | 0.14 | −3.62 | −1.69 | 0.05 | 0.49 | 0.16 | 0.22 | −1.28 | −0.26 |
| Tax % | −1.4% | 1.7% | −1.3% | −26.6% | −1.1% | −2.9% | −99.9% | 10.0% | −5.9% | 447.9% | −0.8% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.01 | 0.00 | — |
| Net Profit | −0.69 | −0.60 | −0.77 | 0.18 | −3.58 | −1.66 | 0.13 | 0.43 | 0.18 | −0.79 | −1.26 | −0.24 |
| EPS (Rs) | −0.60 | −0.52 | −0.65 | 0.17 | −3.02 | −1.39 | 0.11 | 0.30 | 0.12 | −0.53 | −0.84 | −0.17 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | — | 11.94 | 11.94 | 11.93 | 11.93 | 11.93 | 11.91 | 11.92 | 15.24 | 15.23 | 15.24 | 15.23 |
| Reserves | — | 14.52 | 13.91 | 13.14 | 13.27 | 9.67 | 7.99 | 8.13 | 14.24 | 14.39 | 13.63 | 12.46 |
| Borrowings | — | 5.08 | 4.92 | 4.83 | 6.39 | 7.73 | 6.93 | 6.48 | 2.64 | 1.56 | 1.49 | 3.06 |
| Other Liabilities | — | 8.56 | 7.86 | 10.35 | 15.31 | 10.57 | 14.53 | 20.79 | 11.50 | 16.43 | 12.99 | 9.83 |
| Total Liabilities | — | 40.10 | 38.63 | 40.25 | 46.90 | 39.90 | 41.36 | 47.32 | 43.62 | 47.61 | 43.35 | 40.58 |
| Fixed Assets | — | 9.79 | 9.56 | 9.31 | 8.42 | 8.21 | 8.06 | 7.80 | 8.10 | 8.15 | 4.26 | 4.18 |
| CWIP | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | — | 0.04 | 0.04 | 0.04 | 0.78 | 1.19 | 1.05 | 0.62 | 2.05 | 3.08 | 1.33 | 1.18 |
| Other Assets | — | 30.27 | 29.03 | 30.90 | 37.70 | 30.50 | 32.25 | 38.90 | 33.47 | 36.38 | 37.76 | 35.22 |
| Inventories | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 11.97 | 9.77 | 9.80 | 9.12 | 8.90 | 9.38 | 6.83 | 4.70 | 7.82 | 6.64 | 3.86 | 4.00 |
| Cash & equivalents | 1.96 | 5.75 | 4.18 | 4.44 | 11.30 | 7.90 | 6.35 | 8.94 | 4.98 | 0.66 | 0.59 | 0.42 |
| Total Assets | — | 40.10 | 38.63 | 40.25 | 46.90 | 39.90 | 41.36 | 47.32 | 43.62 | 47.61 | 43.35 | 40.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3.86 | −1.36 | 0.39 | 3.60 | −3.56 | −0.22 | 3.29 | −7.23 | −1.75 | 4.03 | −2.06 |
| Cash from investing activity | −0.11 | 0.27 | 0.20 | 1.99 | −0.39 | 0.17 | 0.49 | −1.50 | −1.16 | −3.93 | 0.65 |
| Cash from financing activity | 0.03 | −0.49 | −0.35 | 1.31 | 0.52 | −1.53 | −1.18 | 8.39 | −0.08 | 0.28 | −0.49 |
| Net cash flow | 3.80 | −1.58 | 0.27 | 6.92 | −3.43 | −1.58 | 2.63 | −0.35 | −3.02 | 0.38 | −1.92 |
| Capex | 0.50 | 0.06 | 0.03 | 0.00 | 0.06 | 0.12 | 0.02 | 0.58 | 0.35 | 0.00 | 0.20 |
| Free cash flow | 3.35 | −1.41 | 0.35 | 6.03 | −3.61 | −0.33 | 3.26 | −7.81 | −2.09 | 7.54 | −2.25 |
| CFO / OP % | −1,934.9% | 175.0% | −173.9% | −198.9% | 108.0% | 30.1% | 351.0% | −664.0% | −232.0% | −97.0% | 151.1% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 167 |
| Cash conversion cycle | 1,051 | 866 | 876 | 894 | 1,195 | 668 | 276 | 444 | 279 | 137 | 167 |
| Working capital days | 318 | 392 | 226 | −574 | −69 | −672 | −599 | 192 | −137 | −233 | −132 |
| ROCE % | — | −0.8% | −1.6% | −4.7% | −9.2% | −3.4% | 2.9% | 2.9% | 1.4% | −14.5% | −3.5% |
For the Sep 2026 quarter, Khandwala Securities reported sales of ₹3.70 Cr, up 9.1% year on year and net profit of ₹0.60 Cr, up 160.9% year on year. The operating margin was 14.8%.
Khandwala Securities' sales for the year to Mar 2026 were ₹8.75 Cr; over the last twelve months they were ₹9.30 Cr.
Net profit for the year to Mar 2026 was −₹1.26 Cr, and −₹0.24 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.17.
Khandwala Securities reported borrowings of ₹3.06 Cr at Mar 2026, against cash and equivalents of ₹0.42 Cr.
Cash from operations was −₹2.06 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2.25 Cr.