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INDOTHAI
NSE: INDOTHAI BSE: 533676 INE337M01021 Financial Services Cap Markets 🔎 Screen
₹2,942 Cr
Market Cap
10.86
P/B
34.6%
ROCE
28.6%
ROE
0.02
D/E
-68.8%
Fin. Margin
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Incorporated in 1995, Indo Thai Securities Ltd is in the business as stock and share brokers

✓ Strengths 4
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 45.5% CAGR over last 5 years
  • Debtor days have improved from 122 to 24.3 days.
! Concerns 1
  • Promoter holding has decreased over last 3 years: -15.7%
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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📈 STRONG Revenue surges 533% YoY; Net Profit up 967%.
Revenue
Revenue for Mar 2026 quarter stood at ₹38.0 Cr, up 533.3% from ₹6.0 Cr in Mar 2025 and 35.7% sequentially from ₹28.0 Cr in Dec 2025. This reflects strong business momentum.
Profitability
Net profit rose 966.7% YoY to ₹26.0 Cr (from ₹2.4 Cr) and 52.9% QoQ (from ₹17.0 Cr). EPS improved to ₹4.78 from a negative ₹0.22 last year. The tax rate was 17%, contributing to the bottom-line surge.
Margins
Operating profit margin (OPM) was 85% in the current quarter versus a negative 34% YoY. The sharp improvement suggests cost efficiencies or a favorable business mix; however, such high margins may not be sustainable long-term.
Cash Flow
No cash flow data was provided for this quarter, so it is not possible to assess cash generation quality relative to reported profits.
Balance Sheet
Borrowings stand at ₹25.0 Cr against reserves of ₹271.0 Cr, giving a low debt-to-equity ratio of 0.02. Total assets are ₹374.0 Cr, indicating a solid financial position with minimal leverage.
Key Risks
The trailing PE of 89.5 reflects high valuation expectations. The 85% OPM and 68% PAT margin (PAT/Revenue) may be unsustainable if growth normalizes. Low tax rate (17%) may not be perpetual. No cash flow data raises transparency concerns.
Outlook
The company is currently in a high-growth phase with strong sequential revenue and profit expansion. However, sustaining such high margins and earnings growth will be key to justifying the premium valuation.
Generated by AI · Mar 2026 results · Not investment advice
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Revenue by Segment

Segment Q4FY26 Trend
Equities, broking and other related activities
38
EBIT 33
Manufacturing(Environmental Technology) Activities
0
EBIT 0
Real Estate Activities
0
EBIT 0
Total 38

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

📊 Analysis Methodology

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Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

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