AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 12 Sep - Company approved secured NCD issuance up to ₹10 crore and executed trust deed on 12 September 2026.
Source: Bse
Indo Thai Securities Limited (INDOTHAI)
Small CapFinancial Services stocks · Small cap · NSE
Indo Thai Securities Limited operates in Broking, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:45 am ISTDetails
Quote21 Oct, 10:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result21 Jul, 07:06 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -20.1% / mo · MACD + · near 52W low
Stock trend: 24
Sector RS: 47
Sector 3M: -4.9% vs Nifty 500 -5.1%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
INDOTHAID candles · FIT view-89.2%TODAY · PROVISIONALLatest price ₹31.45 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.0%
RSI
31
MACD hist
1.60
52W pos
1%
2026-10-21O ₹31.77H ₹32.80L ₹31.45C ₹31.45Vol 5.0L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
INDOTHAINifty Financial ServicesNifty 500
- INDOTHAI
- -84.9%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -79.3 pp
Chart stats
19 Oct 2026- From 52W high
- -92.9%
- 52W range position
- 1%
- ATR (14)
- 8.0%
- Volume vs 20D
- 0.28x
- Avg traded value
- ₹3.9 Cr
- 20D price channel
- ₹29 - ₹42.7
₹466.4
₹29 - ₹466.4
₹2.7
Latest completed session
20-session average
71.0% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE86
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent75
Revenue +50.0% · PAT +22.2% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model+77.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence78
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 75/100Rev +50% YoY · PAT +22% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹21 Cr | +50.0% | -44.7% |
| EBITDA | ₹16 Cr | +60.0% | -51.5% |
| Operating margin | 77.0% | +500 bps | -800 bps |
| PAT | ₹11 Cr | +22.2% | -57.7% |
| PAT margin | 52.4% | -1191 bps | -1604 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.15
- P/B
- 1.67
- EV/EBITDA
- 5.55
- Market Cap
- 491.00Cr
Profitability
- ROE
- 28.70%
- ROCE
- 34.60%
- ROA
- 18.45%
- Dividend Y
- 0.54%
Growth (CAGR)
- Revenue 5Y
- 37.00%
- EPS 5Y
- 46.00%
- Revenue 3Y
- 74.00%
- EPS 3Y
- 115.00%
Balance Sheet
- Debt/Equity
- 0.09
- Interest Coverage
- 30.67×
- Altman Z
- 5.67
- Book Value
- 22.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- -34.00 Cr
- EPS TTM
- 5.41
Shareholding
- Promoter Hold
- 56.07%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 104+285.2% vs prev
Net Profit
₹ CrLatest: 66.0+725.0% vs prev
Return on Equity
%Latest: 23.2+423.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~22.0% over last month) — short-term momentum negative.
- RSI(14) at 31 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 93% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
1
RS percentile
Stage 4 Downtrend
1M return
-1.4%
3M return
-84.9%
6M return
-89.3%
1Y return
-91.4%
RS 1D
0
RS 20D
0
Sector rank
#10
Industry rank
#13
Stage evidence
- Price is 81.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -14.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 12.69-3.86%
RS vs Nifty 50013
Valuation & peers
U-Score 86 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 86 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation28/30
Growth25/25
Quality20/20
Balance Sheet9/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
-2
Raw sum
86
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
86/100 · legacy band DEEP VALUE
Positive drivers
- Fair-value margin of safety is positive at 77.2%.
- Growth contributes 25/25 to the score.
- Quality contributes 20/20 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
7.2
PB
1.7
EV/EBITDA
5.5
ROE
28.7%
ROCE
34.6%
FCF Yield
—
Debt/Equity
0.1
MoS
+77.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
86
Previous: 86
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+77.2%
Previous: +76.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
86
86
86
86
86
86
86
86
86
86
86
86
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹51.87
+39.4% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹137.96
+77.2% MoS
PEG
0.10
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EMKAY
Small
Emkay Global Financial Services Limited
Broking
match 90
18
40.1
4.5%
-127%
OVERVALUED
DBSTOCKBRO
Small
DB (International) Stock Brokers Limited
Broking
match 90
31
36.9
4.2%
-40%
OVERVALUED
INVENTURE
Small
Inventure Growth & Securities Limited
Broking
match 88
11
34.7
1.3%
-1148%
OVERVALUED
ARIHANTCAP
Small
Arihant Capital Markets Limited
Broking
match 86
20
25.0
7.7%
-300%
OVERVALUED
BIRLAMONEY
Small
Aditya Birla Money Limited
Broking
match 81
50
0.0
26.0%
+100%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Indo Thai Securities Limited operates in Broking, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
78Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 86th percentile of the scored universe and 91st percentile within Financial Services. Main check: cash conversion is weak at 52/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
17 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
86th percentile
overall median 67 · Financial Services: 91st pctile, median 62 · Small: 89th pctile, median 66
Evidence depth
Financial-only
17 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
98
strong · capital discipline
Results
72
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 56.1%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.09.
Trust risks
- ▸Operating cash flow is negative at ₹-34 Cr.
- ▸Promoter holding fell 3.3%.
- ▸OPM spread across recent quarters is 119%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Indo Thai Securities Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Issue of Securities 20 Jul - Board approved Q1 FY27 results, 100 Cr NCD issue, director reappointments, AGM on 19 Sept 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 1h - Board approved Q1 FY27 results, up to Rs100 crore NCDs, AGM on 19 Sept 2026, and auditor appointment.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 7 Aug - On 07 Aug 2026, appointed Axis Trustee Services and Bigshare as trustee and RTA for proposed NCDs.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Aug
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Meeting Updates 3 Jul - Indo Thai allotted 15,00,000 shares on warrant conversion for Rs 5.625 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment 8 Jun - Allotted 10,00,000 equity shares on warrant conversion for Rs. 3.75 crore to two non-promoters.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.