Khandwala Securities Ltd.

BSE: KHANDSE531892ISIN INE060B01014

Financial Services
Stockbroking & Allied

Share price

₹17.00-1.00 (-5.56%)

as of 6 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹25.60
52W low: ₹12.53
Off 52W high: -33.59%
1M return: -2.86%
3M return: 0.00%
6M return: -7.51%
1Y return: -24.51%
20D avg volume: 335
50 DMA: ₹17.30
200 DMA: ₹18.37

Key ratios Consolidated

Market cap: ₹25.93 Cr
Current price: ₹17.00
52W high / low: ₹25.60 / ₹12.53
Face value: ₹10.00
P/E: -102.90
P/B: 0.91
EPS (TTM): ₹-0.17
Book value / share: ₹18.63
ROE: —
ROCE: -3.40%
Operating margin: —
Net margin: —
Debt / equity: 0.10
Net debt: ₹2.86 Cr
Interest cover: -4.57
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -222.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	3.71	2.27	2.30	1.06	3.40	1.14	1.18	2.70	3.14	2.52	—
	0.21	0.32	0.44	0.66	0.21	0.16	0.37	0.35	4.81	0.06	—
	3.92	2.59	2.74	1.72	3.60	1.30	1.55	3.05	7.95	2.58	—
	3.33	2.51	3.19	2.21	3.36	1.88	2.55	2.52	7.72	2.11	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.88	0.89	0.91	0.90	0.87	0.86	0.81	0.71	0.74	0.72	—
	0.09	0.08	0.07	0.06	0.06	0.04	0.03	0.01	0.02	0.05	—
	0.08	0.07	0.06	0.09	0.08	0.07	0.11	0.07	0.07	0.10	—
	2.23	1.42	2.04	1.16	2.30	0.90	1.63	1.58	6.89	1.23	—
	0.59	0.08	-0.45	-0.49	0.24	-0.59	-1.00	0.53	0.23	0.47	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.59	0.08	-0.45	-0.49	0.24	-0.59	-1.00	0.53	0.23	0.47	—
	0.00	0.00	-0.01	0.00	0.00	0.00	1.05	0.01	0.01	0.01	—
	0.59	0.08	-0.44	-0.49	0.24	-0.59	-2.05	0.54	0.24	0.48	—
	0.39	0.06	-0.29	-0.32	0.16	-0.38	-1.35	0.35	0.15	0.31	—
Key metrics
	0.76	0.23	-0.32	-0.34	0.38	-0.48	-0.86	0.61	0.32	0.62	—
	20.50%	10.10%	-13.90%	-32.10%	11.20%	-42.10%	-72.90%	22.60%	10.20%	24.60%	—
	15.90%	3.50%	-19.10%	-46.20%	7.10%	-51.80%	-173.70%	20.00%	7.60%	19.00%	—
	2.10%	—	-1.20%	—	0.90%	—	-3.20%	—	—	—	—
	9.10%	99.10%	94.90%	-60.70%	8.30%	-54.80%	—	—	—	—	—
	145.80%	113.60%	78.50%	-190.70%	0.00%	-222.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9.34	7.89	9.54	—
	1.63	1.46	5.59	—
	10.97	9.36	15.13	—
	11.24	10.64	14.91	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	3.58	3.54	2.98	—
	0.30	0.23	0.11	—
	0.30	0.29	0.34	—
	6.85	6.41	11.34	—
	-0.27	-1.28	0.23	—
	0.00	0.00	0.00	—
	-0.27	-1.28	0.23	—
	-0.01	-0.01	1.02	—
	-0.26	-1.27	-0.80	—
	-0.16	-0.83	0.52	—
Key metrics
	0.33	-0.76	0.68	—
	3.53%	-9.60%	7.10%	—
	-2.78%	-16.10%	-8.40%	—
	—	-3.40%	1.10%	—
	10.93%	-17.30%	—	—
	—	-58.70%	—	—
	—	-2.26	4.02	—
	—	1.61	-5.02	—
	—	0.10	0.05	—
	—	2.86	1.41	—
	—	-222.1	-287.7	—
Balance sheet
	—	40.59	43.31	—
	—	7.59	18.88	—
	—	0.02	0.01	—
	—	4.01	3.87	—
	—	0.00	0.00	—
	—	1.05	0.85	—
	—	1.46	1.48	—
	—	8.81	11.39	—
	—	9.68	12.77	—
	—	2.88	1.42	—
	—	0.00	0.00	—
	—	2.88	1.42	—
	—	27.74	28.89	—
Cash flow
	—	-2.05	4.02	—
	—	0.64	-3.94	—
	—	-0.50	0.29	—
	—	0.21	0.00	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	3.71	2.27	2.30	1.06	3.40	1.14	1.18	2.70	3.14	2.52	—
	0.21	0.32	0.44	0.66	0.21	0.16	0.37	0.35	4.81	0.06	—
	3.92	2.59	2.74	1.72	3.60	1.30	1.55	3.05	7.95	2.58	—
	3.33	2.51	3.19	2.21	3.36	1.88	2.55	2.52	7.72	2.11	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.88	0.89	0.91	0.90	0.87	0.86	0.81	0.71	0.74	0.72	—
	0.09	0.08	0.07	0.06	0.06	0.04	0.03	0.01	0.02	0.05	—
	0.08	0.07	0.06	0.08	0.08	0.07	0.11	0.07	0.07	0.10	—
	2.23	1.42	2.04	1.16	2.30	0.90	1.63	1.58	6.89	1.23	—
	0.59	0.08	-0.45	-0.49	0.24	-0.59	-1.00	0.53	0.23	0.47	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.59	0.08	-0.45	-0.49	0.24	-0.59	-1.00	0.53	0.23	0.47	—
	0.00	0.00	-0.01	0.00	0.00	0.00	1.05	0.01	0.01	0.01	—
	0.59	0.09	-0.44	-0.49	0.24	-0.59	-2.05	0.54	0.24	0.48	—
	0.39	0.06	-0.29	-0.32	0.16	-0.38	-1.35	0.35	0.15	0.31	—
Key metrics
	0.76	0.23	-0.32	-0.35	0.38	-0.48	-0.86	0.61	0.32	0.62	—
	20.50%	10.10%	-13.90%	-33.00%	11.20%	-42.10%	-72.90%	22.60%	10.20%	24.60%	—
	15.90%	4.00%	-19.10%	-46.20%	7.10%	-51.80%	-173.70%	20.00%	7.60%	19.00%	—
	2.10%	—	-1.20%	—	0.90%	—	-3.10%	—	—	—	—
	9.10%	99.10%	94.90%	-60.70%	8.30%	-54.80%	—	—	—	—	—
	145.80%	115.30%	78.50%	-190.70%	0.00%	-222.90%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9.34	7.89	9.54	—
	1.63	1.46	5.59	—
	10.97	9.36	15.13	—
	11.24	10.64	14.90	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	3.58	3.54	2.98	—
	0.30	0.23	0.11	—
	0.29	0.29	0.34	—
	6.85	6.41	11.34	—
	-0.27	-1.28	0.23	—
	0.00	0.00	0.00	—
	-0.27	-1.28	0.23	—
	-0.01	-0.01	1.02	—
	-0.25	-1.27	-0.80	—
	-0.16	-0.83	-0.52	—
Key metrics
	0.32	-0.76	0.68	—
	3.43%	-9.60%	7.10%	—
	-2.68%	-16.10%	-8.40%	—
	—	-3.30%	1.10%	—
	10.93%	-17.30%	—	—
	—	-58.70%	—	—
	—	-2.25	4.03	—
	—	1.61	-5.04	—
	—	0.10	0.05	—
	—	2.87	1.41	—
	—	-222.1	-287.7	—
Balance sheet
	—	41.22	43.93	—
	—	7.45	18.73	—
	—	0.01	0.01	—
	—	4.01	3.87	—
	—	0.00	0.00	—
	—	0.92	0.72	—
	—	1.46	1.48	—
	—	8.81	11.39	—
	—	9.68	12.77	—
	—	2.88	1.42	—
	—	0.00	0.00	—
	—	2.88	1.42	—
	—	28.37	29.52	—
Cash flow
	—	-2.04	4.03	—
	—	0.64	-3.94	—
	—	-0.50	0.29	—
	—	0.21	0.00	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +10.93%
Profit YoY (TTM): +86.56%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +10.93%
Profit YoY (TTM): +86.02%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 48.84%

Quarter	September 2026	June 2026
Promoter %	48.84%	48.78%

Holder	Type	Holding	Previous	Change
JAYANTILAL KHANDWALA & SONS PVT. LTD.	Promoter Group	11.36%	11.36%	0.00%
BENTLEY INVESTMENTS PVT LTD	Promoter Group	9.45%	9.45%	0.00%
DAXA PARESH KHANDWALA	Promoter Group	8.62%	8.62%	0.00%
PRATIK PARESH KHANDWALA	Promoter Group	5.22%	5.22%	0.00%
POONAM BALRAM BHARWANI	Public	5.08%	5.08%	0.00%
PRANAV PARESH KHANDWALA	Promoter Group	4.65%	4.65%	0.00%
AUMIT CAPITAL ADVISORS LIMITED	Public	3.69%	3.69%	0.00%
SHUCHI DARWIN PATEL	Public	2.57%	2.57%	0.00%
DARWIN PARSHOTTAM PATEL	Public	2.50%	2.50%	0.00%
HETA CHIRAAG PATEL	Public	2.44%	2.44%	0.00%
PIGGERO INVESTMENTS PRIVATE LIMITED	Promoter Group	2.14%	2.12%	+0.02%
TULSI PARESH KHANDWALA	Promoter Group	2.02%	2.02%	0.00%
NIPA RAJ	Public	1.99%	1.99%	0.00%
PARESH JAYANTILAL KHANDWALA	Promoter	1.85%	1.82%	+0.03%
PARESH JAYANTILAL KHANDWALA (HUF)	Promoter Group	1.74%	1.74%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Billionbrains Garage Ventures Limited	1,34,882	215.00	50.09	29.40%	—	—	—
Motilal Oswal Financial Services Limited	66,358	1,100.50	24.56	—	+44.42% TTM	+33.22% TTM	+11.34%
360 ONE WAM LIMITED	46,625	1,143.00	37.40	—	+29.38% TTM	+10.69% TTM	+6.91%
Nuvama Wealth Management Limited	34,062	1,845.70	31.47	—	+16.03% TTM	+10.41% TTM	+26.15%
ANGEL ONE LIMITED	30,227	330.50	26.16	—	+21.25% TTM	+47.70% TTM	+32.95%
IIFL CAPITAL SERVICES LIMITED	11,028	349.50	17.96	—	+11.57% TTM	+4.74% TTM	+5.11%
Share India Securities Limited	4,013	183.40	11.01	—	—	—	+1.80%
ANAND RATHI SHARE AND STOCK BROKERS LIMITED	3,071	486.60	21.33	23.90%	—	—	-9.75%
Monarch Networth Capital Limited	2,741	345.60	15.13	25.60%	+27.10% TTM	+23.98% TTM	+13.18%
ALGOQUANT FINTECH LIMITED S	2,313	82.29	51.75	17.40%	+43.78% TTM	+272.95% TTM	+24.46%
Geojit Financial Services Limited	1,982	71.00	35.12	—	+0.45% TTM	-44.36% TTM	-1.42%
SMC Global Securities Limited	1,966	93.87	16.76	—	+18.19% TTM	+18.55% TTM	+43.75%
5paisa Capital Limited	1,589	338.95	38.03	—	+8.98% TTM	-11.61% TTM	—
DOLAT ALGOTECH LIMITED	1,082	61.49	7.50	19.80%	-11.33% TTM	-21.22% TTM	-20.21%
Systematix Corporate Services Ltd.	1,051	77.00	-693.36	—	+13.26% TTM	-102.77% TTM	-52.69%
Arihant Capital Markets Ltd.	1,013	92.39	21.07	—	+22.20% TTM	+6.82% TTM	-7.47%
DAM Capital Advisors Limited	979	138.45	28.78	—	-34.18% TTM	-69.75% TTM	-45.60%
Master Trust Ltd.	961	78.09	6.84	—	+17.50% TTM	+18.88% TTM	-39.25%
Emkay Global Financial Services Ltd	703	254.45	14.20	—	+63.62% TTM	+124.59% TTM	-16.26%
Aditya Birla Money Ltd S	631	111.65	11.48	—	+22.33% TTM	-3.02% TTM	-29.34%
Pune E - Stock Broking Limited	469	267.30	—	17.30%	—	—	+29.73%
Indo Thai Securities Limited	420	31.65	22.88	—	+91.76% TTM	-13.71% TTM	-91.74%
Shardul Securities Ltd.	413	47.20	14.32	—	+89.35% TTM	+137.11% TTM	+2.12%
Almondz Global Securities Limited	344	18.00	8.70	—	+37.47% TTM	+104.50% TTM	+1.29%
Shah Investor's Home Limited	291	137.70	—	—	—	—	—
Khandwala Securities Ltd.	26	17.00	-102.90	-3.40%	+10.93% TTM	+86.02% TTM	-24.51%

Filings & corporate actions

Recent announcements

Please find enclosed Outcome of Board Meeting of the Company27 Oct 2026 · Board Meeting / Outcome of Board Meeting
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve Unaudited Financial Results ....19 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed intimation of closure of trading window.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed proceedings of the 33rd AGM of the Company.18 Sep 2026 · Company Update / Meeting Updates
Please find enclosed disclosure of voting results along with Scrutinizers Report18 Sep 2026 · AGM/EGM / AGM
Please find enclosed intimation of notice of 33rd Annual General Meeting of the Company along with book closure, record date, e-voting details.26 Aug 2026 · AGM/EGM / AGM
Please find enclosed Annual Report 2025-26 of the Company26 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed outcome of Board Meeting held on 10th August 202610 Aug 2026 · Board Meeting / Outcome of Board Meeting
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve Unaudited (Standalone ....4 Aug 2026 · Board Meeting / Board Meeting
Please find enclosed intimation of closure of trading window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed Intimation in relation to letter received from SEBI on June 10, 202611 Jun 2026 · Company Update / General
Please find enclosed herewith the Annual Secretarial Compliance Report for the financial year ended March 31, 202622 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find enclosed Outcome of Board Meeting held on May 21, 202621 May 2026 · Board Meeting / Outcome of Board Meeting
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve Audited Financial Results ....14 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....9 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Please find attached Annual Disclosure under Regulation 31(4) of SEBI (SAST) Regulations 2011.7 Apr 2026 · Company Update / General
Please find enclosed intimation for closure of trading window of the Company24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed outcome of separate meeting of Independent Directors held on 24th March 202624 Mar 2026 · Company Update / General
Please find enclosed notice of separate meeting of Independent Directors of the Company scheduled to be held on 24th March 202618 Mar 2026 · Company Update / General
Please find enclosed Outcome of Board Meeting of the Company held today i.e. Thursday, 12th February 202612 Feb 2026 · Board Meeting / Outcome of Board Meeting
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve (a) Un-audited Financial ....4 Feb 2026 · Board Meeting / Board Meeting
Please find enclosed intimation of closure of trading window from January 1, 2026 for all the Directors, Officers, Employees, Promoter and Promoters Group, designated persons and any immediate ....31 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
With reference to our earlier submission dated November 10, 2025; Please find enclosed revised unaudited financial results for the quarter and half year ended September 30, 2025 and outcome ....30 Dec 2025 · Result / Financial Results
Dear Sir; Please find enclosed Disclosure of Voting Results of Postal ballot process along with the Scrutinizers Report9 Dec 2025 · AGM/EGM / Postal Ballot
Please find enclosed Outcome of Board Meeting held on Monday 10th November 202510 Nov 2025 · Board Meeting / Outcome of Board Meeting
Please find enclosed intimation of postal ballot notice along with e-voting instructions details7 Nov 2025 · AGM/EGM / Postal Ballot
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2025 ,inter alia, to consider and approve (a) Un-audited Financial ....3 Nov 2025 · Board Meeting / Board Meeting
Please find enclosed herewith the voting results along with the scrutinizer''s report in relation to 32nd AGM of the Company held on September 27, 2025.29 Sep 2025 · AGM/EGM / AGM
Please find enclosed proceedings of 32nd Annual General Meeting of the Company.27 Sep 2025 · AGM/EGM / AGM
Intimation of completion of tenure of Mr. Homiar N Vakil as an Independent Director of the Company w.e.f end of business hours of September 18, 202519 Sep 2025 · Company Update / Cessation
Please find enclosed outcome of Board Meeting of the Company held on Thursday, 11th September 202511 Sep 2025 · Others / Outcome without intimation
Please find enclosed intimation of book closure, record date and e-voting details for 32nd AGM of the Company5 Sep 2025 · Corp. Action / Book Closure
We would like to inform you that 32nd AGM of the Company has ben scheduled to be held on Saturday, September 27 2025 at 12.00 noon through video conferencing (''vc")/other audio visual ....5 Sep 2025 · AGM/EGM / AGM
Please find enclosed Annual Report of Khandwala Securities Limited5 Sep 2025 · Others / Reg. 34 (1) Annual Report
Please find enclosed outcome of Board Meeting of the Company held on Tuesday, 12th August 202512 Aug 2025 · Board Meeting / Outcome of Board Meeting
Khandwala Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2025 ,inter alia, to consider and approve Unaudited Financial Results ....5 Aug 2025 · Board Meeting / Board Meeting
Please find enclosed Disclosure of Voting Results of Postal Ballot process in terms of Regulation 44 of SEBI (LODR) Regulations, 2015 along with Scrutinizers Report1 Jul 2025 · AGM/EGM / Postal Ballot
Please find enclosed intimation of closure of trading window27 Jun 2025 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed outcome of Board Meeting of the Company12 Aug 2024 · Board Meeting / Outcome of Board Meeting
KHANDWALA SECURITIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2024 ,inter alia, to consider and approve (a) Un-audited Financial ....5 Aug 2024 · Board Meeting / Board Meeting

Board meetings

27 Oct 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results