Palash Securities Ltd

Palash Securi. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Palash Securities Ltd

₹ 172 2.40%
24 Dec 9:09 a.m.
palashsec.com BSE: 540648 NSE: PALASHSECU
About

Incorporated in 2015, Palash Securities Ltd is engaged in investing and dealing and in food processing business[1]

Key Points

Business Overview:[1]
Company is in the investment business through its Wholly Owned Subsidiaries and holds majority investments in its group companies. It is also in food processing business through its subsidiary Morton Foods Limited (earlier known as Allahabad Canning Limited). Company has a manufacturing unit at Prayagra where it manufactures canned fruits, vegetables and food products like jams, squashes, crushes, vegetable sauces, juices, etc. under the brand Morton. Apart from this, Breakfast cereals, Pasta, Vermicelli are manufactured by 3rd party manufacturer and Morton Foods Ltd markets it under the brand name Morton

Website BSE NSE
  • Market Cap ₹ 173 Cr.
  • Current Price ₹ 172
  • High / Low ₹ 199 / 102
  • Stock P/E 43.8
  • Book Value ₹ 36.1
  • Dividend Yield 0.00 %
  • ROCE 0.75 %
  • ROE 0.52 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.49% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.78 0.02 0.01 0.00 2.40 0.03 2.41 0.07 0.08 0.04 0.04 0.05 5.08
0.23 0.03 0.08 0.16 0.10 0.03 0.14 0.12 0.10 0.03 0.07 0.11 0.09
Operating Profit 0.55 -0.01 -0.07 -0.16 2.30 0.00 2.27 -0.05 -0.02 0.01 -0.03 -0.06 4.99
OPM % 70.51% -50.00% -700.00% 95.83% 0.00% 94.19% -71.43% -25.00% 25.00% -75.00% -120.00% 98.23%
1.35 0.09 0.09 0.09 0.11 0.10 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Interest 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.01 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00
Profit before tax 1.86 0.04 -0.02 -0.11 2.37 0.06 2.33 0.00 0.05 0.09 0.06 0.03 5.08
Tax % 0.00% 25.00% 0.00% 0.00% 0.00% 0.00% 17.60% 20.00% 22.22% 16.67% 0.00% 25.20%
1.86 0.04 -0.02 -0.10 2.37 0.07 1.92 0.00 0.05 0.07 0.04 0.02 3.81
EPS in Rs 1.86 0.04 -0.02 -0.10 2.37 0.07 1.92 0.00 0.05 0.07 0.04 0.02 3.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 1m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 0.00 0.00 0.01 0.07 0.07 2.98 0.82 4.87 0.24 5.21
0.01 0.03 0.46 0.56 0.27 0.30 0.30 0.44 0.41 0.33 0.30
Operating Profit -0.01 -0.03 -0.46 -0.55 -0.20 -0.23 2.68 0.38 4.46 -0.09 4.91
OPM % -5,500.00% -285.71% -328.57% 89.93% 46.34% 91.58% -37.50% 94.24%
0.00 0.00 0.04 0.21 0.37 0.36 0.35 1.62 0.35 0.35 0.36
Interest 0.00 0.00 0.00 0.00 0.20 0.20 0.13 0.11 0.11 0.04 0.00
Depreciation 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01
Profit before tax -0.01 -0.03 -0.44 -0.36 -0.05 -0.09 2.88 1.87 4.68 0.20 5.26
Tax % 0.00% 0.00% 0.00% 0.00% 40.00% 0.00% 0.00% 0.53% 8.76% 20.00%
-0.01 -0.03 -0.45 -0.36 -0.07 -0.10 2.88 1.86 4.26 0.16 3.94
EPS in Rs -0.45 -0.36 -0.07 -0.10 2.88 1.86 4.26 0.16 3.94
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: -57%
TTM: 101%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: -62%
TTM: 93%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 24%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 0.05 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Reserves -0.01 -0.04 10.36 10.00 9.78 9.45 13.04 16.46 20.30 21.14 26.10
0.00 0.00 1.30 1.30 2.88 2.98 2.56 2.67 2.59 0.00 0.00
0.02 0.00 0.54 1.16 0.32 0.28 0.14 0.07 0.39 0.54 1.12
Total Liabilities 0.06 0.01 22.20 22.46 22.98 22.71 25.74 29.20 33.28 31.68 37.22
0.00 0.00 0.42 0.40 0.45 0.42 0.39 0.37 0.35 0.34 0.33
CWIP 0.00 0.00 0.00 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 21.76 21.76 22.34 22.11 22.82 27.87 27.79 28.60 29.79
0.06 0.01 0.02 0.23 0.19 0.18 2.53 0.96 5.14 2.74 7.10
Total Assets 0.06 0.01 22.20 22.46 22.98 22.71 25.74 29.20 33.28 31.68 37.22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 -0.04 -0.01 0.27 0.09 -0.01 2.69 1.67 2.68 -0.13
0.00 0.00 0.00 -0.07 0.00 0.00 0.00 -3.48 0.00 0.00
0.01 0.00 0.00 0.00 -0.15 -0.10 -0.50 0.00 -0.20 -2.63
Net Cash Flow 0.01 -0.04 -0.01 0.20 -0.06 -0.11 2.19 -1.81 2.48 -2.76

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days -6,205.00 -1,407.86 -677.86 22.05 218.11 8.24 136.88
ROCE % -120.00% -4.06% -1.68% 0.68% 0.53% 12.53% 7.24% 15.45% 0.75%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.17% 71.69% 71.85% 71.85% 71.85% 71.85% 71.85% 71.85% 71.85% 72.11% 72.18% 72.18%
0.78% 0.78% 0.78% 0.78% 0.78% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
29.05% 27.53% 27.37% 27.37% 27.37% 27.39% 27.39% 27.38% 27.39% 27.13% 27.07% 27.06%
No. of Shareholders 7,6247,4197,1237,0197,0006,8727,0476,9668,4477,9547,5737,467

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports