Khandwala Securities Ltd Stock Price Today (NSE: KHANDSE)
Fundamental Score
Khandwala Securities Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Khandwala Securities Ltd share price today is ₹18.76, down 3.15% on NSE/BSE as of 18 June 2026. Khandwala Securities Ltd (KHANDSE) is a Small-cap company in the Stockbroking & Allied sector with a market capitalisation of ₹32.37 (Cr). The 52-week high for KHANDSE share price is ₹29.00 and the 52-week low is ₹12.20. The company has a Return on Equity (ROE) of -15.54% and a debt-to-equity ratio of 0.10.
Khandwala Securities Ltd Share Price Chart — NSE/BSE Historical Performance
Khandwala Securities Ltd share price chart: 8.40% return over the past month. 52-week high ₹29.00, 52-week low ₹12.20.
Khandwala Securities Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹19.99 | ₹20.00 | ₹18.40 | ₹18.76 | 19.13K (Cr) | |
| ₹17.65 | ₹20.40 | ₹17.65 | ₹19.37 | 76.25K (Cr) | |
| ₹17.75 | ₹18.48 | ₹17.01 | ₹17.65 | 7.48K (Cr) | |
| ₹18.89 | ₹18.89 | ₹17.10 | ₹18.07 | 1.30K (Cr) | |
| ₹18.25 | ₹18.25 | ₹18.11 | ₹18.23 | 1.40K (Cr) | |
| ₹17.00 | ₹18.70 | ₹16.70 | ₹17.82 | 3.91K (Cr) | |
| ₹18.00 | ₹18.00 | ₹17.00 | ₹17.51 | 771.00 (Cr) | |
| ₹17.00 | ₹17.59 | ₹17.00 | ₹17.55 | 1.79K (Cr) | |
| ₹18.30 | ₹18.30 | ₹16.75 | ₹16.91 | 1.94K (Cr) | |
| ₹18.90 | ₹18.90 | ₹17.00 | ₹17.22 | 10.21K (Cr) |
Khandwala Securities Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹17.65 | ₹20.40 | ₹17.65 | ₹18.76 | +6.29% | |
| ₹17.19 | ₹18.90 | ₹15.90 | ₹17.65 | +2.68% | |
| ₹13.85 | ₹17.90 | ₹13.00 | ₹17.19 | +24.12% | |
| ₹17.00 | ₹18.79 | ₹12.20 | ₹12.50 | -26.47% | |
| ₹19.52 | ₹20.01 | ₹16.93 | ₹17.05 | -12.65% | |
| ₹20.30 | ₹23.50 | ₹18.00 | ₹19.25 | -5.17% | |
| ₹21.96 | ₹23.45 | ₹20.05 | ₹20.55 | -6.42% | |
| ₹23.35 | ₹25.50 | ₹21.47 | ₹21.91 | -6.17% | |
| ₹23.88 | ₹23.97 | ₹20.80 | ₹22.89 | -4.15% | |
| ₹23.65 | ₹26.88 | ₹22.50 | ₹23.60 | -0.21% | |
| ₹24.90 | ₹29.00 | ₹21.56 | ₹23.72 | -4.74% | |
| ₹23.41 | ₹28.80 | ₹23.17 | ₹24.90 | +6.36% |
AI Research Briefing
Powered by Gemini · 2026-04-17
This micro-cap broker is a value trap masked by industry tailwinds; avoid.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Khandwala Securities clarified with the NSE on March 24, 2026, regarding discrepancies in their Q3 2026 financial results, specifically concerning the consolidated results including associate company Trumonee Financial Limited, which had no business activity during the quarter. The exchange had sought clarification from Khandwala Securities Limited for the quarter ended December 31, 2025. Khandwala Securities held separate meetings of independent directors on March 24, 2026.
CORE STORY (THE REAL GAME)
Khandwala Securities is a micro-cap stockbroking firm struggling to stay relevant in a market dominated by tech-first discount brokers. The core narrative is survival, not growth.
- General market optimism in the broking industry.
- Recent clarification sought by NSE regarding financial results.
- Low base effect allows for disproportionate price movements.
- Unexpected profitability in upcoming quarters.
- Acquisition by a larger brokerage firm.
- Significant increase in retail trading activity.
- Micro/SME cap implies significant liquidity risk.
- Negative ROE, ROCE, and interest coverage ratios.
- Consolidated net loss of Rs 0.49 crore in December 2025.
No FII or DII holding. Promoter holding stable at 48.26%.
The Indian stockbroking industry is competitive, with technology-first platforms gaining market share.
Free Cash Flow 5Y is a meager ₹0.56 Cr.
Khandwala's future hinges on a drastic operational turnaround, which is unlikely. Expect continued struggles.
Primary Thesis Risk
Inability to achieve profitability and compete with larger, more technologically advanced brokers.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Khandwala Securities Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Khandwala Securities Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of KHANDSE across key market metrics for learning purposes.
Positive Indicators
2 factors identified
Consistent Growth Track Record (29.09% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Conservative Debt Levels (D/E: 0.10)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Risk Factors
8 factors identified
Below-Average Return on Equity (-15.54%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (-14.51%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (-5.90%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Weak Earnings Growth (0.16% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-6.03% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Weak Interest Coverage (-4.86x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
High Share Pledging Risk (23.54%)
Observation: Significant promoter share pledging creates potential overhang.
Analysis: High pledging levels may create selling pressure during market downturns.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Khandwala Securities Ltd vs Stockbroking & Allied Peers
Peer Comparison - Stockbroking & Allied
Compare Khandwala Securities Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Khandwala Securities LtdKhandwala Secur...Selected✓ KHANDSE • 531892 | 6.5/100 | ₹18.76₹19 | ₹32.37₹32.37 | — — | -15.54%Poor -15.54% Poor | -14.51%Poor -14.51% Poor | 0.10Excellent 0.1 Excellent | -6.03%Poor -6.03% Poor | 29.09%Excellent 29.09% Excellent | 0.00% |
Motilal Oswal Financial Services LtdMotilal Oswal F... MOTILALOFS • 532892 | 49.4/100 | ₹894.10₹894 | ₹57464.80₹57464.80 | 28.39Average 28.4 Average | 25.25%Excellent 25.25% Excellent | 18.67%Good 18.67% Good | 1.22Average 1.2 Average | 68.73%Excellent 68.73% Excellent | 28.74%Excellent 28.74% Excellent | 0.52% |
360 One Wam Ltd360 One Wam Ltd... 360ONE • 542772 | 34.1/100 | ₹1112.10₹1112 | ₹48255.08₹48255.08 | 42.85Average 42.9 Average | 20.57%Excellent 20.57% Excellent | 14.91%Average 14.91% Average | 1.47Average 1.5 Average | 39.89%Excellent 39.89% Excellent | 19.36%Excellent 19.36% Excellent | 1.01% |
Nuvama Wealth Management LtdNuvama Wealth M... NUVAMA • 543988 | 28.2/100 | ₹1537.20₹1537 | ₹27079.70₹27079.70 | 26.40Average 26.4 Average | 30.87%Excellent 30.87% Excellent | 20.40%Excellent 20.40% Excellent | 2.37Poor 2.4 Poor | 28.56%Excellent 28.56% Excellent | 39.77%Excellent 39.77% Excellent | 1.94% |
Angel One LtdAngel One Ltd... ANGELONE • 543235 | 42.7/100 | ₹336.95₹337 | ₹25109.97₹25109.97 | 32.10Average 32.1 Average | 27.07%Excellent 27.07% Excellent | 25.80%Excellent 25.80% Excellent | 0.77Good 0.8 Good | 66.93%Excellent 66.93% Excellent | 47.61%Excellent 47.61% Excellent | 1.74% |
IIFL Capital Services LimitedIIFL Capital Se... IIFLCAPS • 542773 | 48.9/100 | ₹341.10₹341 | ₹9721.38₹9721.38 | 16.62Average 16.6 Average | 31.58%Excellent 31.58% Excellent | 33.27%Excellent 33.27% Excellent | 0.62Good 0.6 Good | 34.67%Excellent 34.67% Excellent | 27.16%Excellent 27.16% Excellent | 0.96% |
Indo Thai Securities LtdIndo Thai Secur... INDOTHAI • 533676 | 61.8/100 | ₹246.55₹247 | ₹4935.97₹4935.97 | 231.08Average 231.1 Average | 6.54%Poor 6.54% Poor | 8.66%Poor 8.66% Poor | 0.02Excellent 0.0 Excellent | 22.52%Excellent 22.52% Excellent | 23.34%Excellent 23.34% Excellent | 0.02% |
Share India Securities LtdShare India Sec... SHAREINDIA • 540725 | 41.9/100 | ₹138.40₹138 | ₹3651.22₹3651.22 | 13.14Average 13.1 Average | 15.92%Good 15.92% Good | 20.55%Excellent 20.55% Excellent | 0.22Excellent 0.2 Excellent | 51.38%Excellent 51.38% Excellent | 44.72%Excellent 44.72% Excellent | 0.81% |
Monarch Networth Capital LtdMonarch Networt... MONARCH • 511551 | 60/100 | ₹346.15₹346 | ₹2428.79₹2428.79 | 15.62Average 15.6 Average | 26.17%Excellent 26.17% Excellent | 33.31%Excellent 33.31% Excellent | 0.01Excellent 0.0 Excellent | 130.66%Excellent 130.66% Excellent | 36.14%Excellent 36.14% Excellent | 0.33% |
Systematix Corporate Services LimitedSystematix Corp... SYSTMTXC • 526506 | 68.7/100 | ₹65.58₹66 | ₹2204.35₹2204.35 | 47.06Average 47.1 Average | 20.43%Excellent 20.43% Excellent | 25.09%Excellent 25.09% Excellent | 0.06Excellent 0.1 Excellent | 65.40%Excellent 65.40% Excellent | 26.80%Excellent 26.80% Excellent | 0.06% |
Geojit Financial Services LtdGeojit Financia... GEOJITFSL • 532285 | 52.9/100 | ₹74.32₹74 | ₹2031.43₹2031.43 | 17.36Average 17.4 Average | 16.83%Good 16.83% Good | 18.84%Good 18.84% Good | 0.11Excellent 0.1 Excellent | 27.45%Excellent 27.45% Excellent | 19.62%Excellent 19.62% Excellent | 2.06% |
Top Stockbroking & Allied Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Motilal Oswal Financial Services Ltd share price57464.80 Cr
- 360 One Wam Ltd share price48255.08 Cr
- Nuvama Wealth Management Ltd share price27079.70 Cr
- Angel One Ltd share price25109.97 Cr
- IIFL Capital Services Limited share price9721.38 Cr
Khandwala Securities Ltd PE Ratio History
Historical price-to-earnings ratio for KHANDSE — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2024 | ₹0.11 | ₹27.32 | 248.4x |
| FY 2023 | ₹0.29 | ₹25.65 | 88.4x |
| FY 2022 | ₹0.10 | ₹33.40 | 334x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Khandwala Securities Ltd Quarterly Performance
Latest quarterly metrics for KHANDSE — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
8.28%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
0.00%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
29.09%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
-6.03%
Compounded annual net profit growth over 5 years
Khandwala Securities Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for KHANDSE — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Khandwala Securities Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Khandwala Securities Ltd (KHANDSE) — sourced from NSE/BSE filings.
Loading Financial Statements...
Fetching financial data for Khandwala Securities Ltd
About KHANDSE (Khandwala Securities Ltd)
Khandwala Securities Ltd is a financial services firm deeply rooted in the Indian stock market. With decades of experience, the company facilitates trading across various asset cla...sses, offering clients access to equities, derivatives, and other financial instruments. Khandwala Securities operates as an intermediary, connecting investors with the opportunities present in the dynamic Indian economy. The firm prides itself on its comprehensive approach, providing tools and platforms designed to empower both seasoned traders and new entrants to the market. They strive to offer a seamless execution experience while adhering to regulatory guidelines and industry best practices. Through its core stockbroking activities, Khandwala Securities remains a significant player in the Indian financial landscape. Beyond its stockbroking foundation, Khandwala Securities extends its services to encompass a range of allied financial activities. The company is actively involved in helping businesses raise capital through investment banking initiatives. Their expertise includes guiding companies through initial public offerings (IPOs), facilitating mergers and acquisitions, and arranging private equity placements. Khandwala Securities also offers portfolio management services, tailored to meet the specific investment goals and risk tolerance of individual clients. The company's research division provides in-depth analysis and insights, helping investors make informed decisions based on market trends and economic indicators. The combined offerings underscore Khandwala Securities' commitment to delivering holistic financial solutions to its diverse clientele. Khandwala Securities operates through distinct segments reflecting its multi-faceted business model. One segment is focused on fee-based services, generating revenue through brokerage commissions, advisory fees, and portfolio management charges. This emphasizes their role as a trusted advisor, guiding clients through the complexities of the market. The second segment involves proprietary investment and trading activities, allowing the company to leverage its market expertise to generate returns. This division adheres to rigorous risk management protocols, aiming to maximize profitability while minimizing potential losses. By carefully managing these two segments, Khandwala Securities strives to maintain a balanced and sustainable approach to its overall financial performance.
Company Details
Key Leadership
KHANDSE Share Price: Frequently Asked Questions
What is the current share price of Khandwala Securities Ltd?
Khandwala Securities Ltd (KHANDSE) trades at ₹18.76 on NSE and BSE. Market cap ₹32.37 (Cr). Educational data only.
What is the P/E ratio of Khandwala Securities Ltd?
Khandwala Securities Ltd has a P/E of N/Ax vs industry average 21.41x.
What is the Bull Run score for Khandwala Securities Ltd?
Khandwala Securities Ltd has a Bull Run score of 6.5/100 based on 25+ financial parameters.
Does Khandwala Securities Ltd pay dividends?
Khandwala Securities Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Khandwala Securities Ltd?
Khandwala Securities Ltd has ROE of -15.54%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Khandwala Securities Ltd?
Khandwala Securities Ltd has debt-to-equity of 0.10.
Is Khandwala Securities Ltd a good investment?
Bull Run gives Khandwala Securities Ltd a score of 6.5/100. This is not investment advice — consult a SEBI-registered advisor.