Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Sep
Source: Bse
Palash Securities Limited (PALASHSECU)
Small CapFinancial Services stocks · Small cap · NSE
Palash Securities Limited operates in Investment, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹87.9
+1.26 · +1.45%
Market cap ₹88.5 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 04:58 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
42NeutralSMA20 -2.8% / mo · MACD +
Stock trend: 41
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PALASHSECUD candles · FIT view-9.0%Latest close ₹87.90 on 2026-10-19
Bar
+2.2%
RSI
51
MACD hist
0.28
52W pos
19%
2026-10-19O ₹86.00H ₹87.90L ₹86.00C ₹87.90Vol 153 sh
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
PALASHSECUNifty Financial ServicesNifty 500
- PALASHSECU
- -1.6%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +4.0 pp
Chart stats
19 Oct 2026- From 52W high
- -31.8%
- 52W range position
- 18%
- ATR (14)
- 4.1%
- Volume vs 20D
- 0.15x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹83.1 - ₹90
₹128.9
₹79 - ₹128.9
₹3.6
Latest completed session
20-session average
43.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE59
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -97.7% · PAT NDF YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model+78.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence57
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
Bad · 0/100Rev -98% YoY · margin compression · +158% QoQ
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 Cr | -97.7% | +158.3% |
| EBITDA | ₹-1.5 Cr | +33.5% | +68.7% |
| Operating margin | -487.1% | -47037 bps | +353790 bps |
| PAT | ₹-1.5 Cr | NDF | NDF |
| PAT margin | -474.2% | -45186 bps | +297581 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 5.48
- P/B
- 0.18
- EV/EBITDA
- —
- Market Cap
- 88.50Cr
Profitability
- ROE
- 3.00%
- ROCE
- 2.65%
- ROA
- 2.48%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -3.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- -3.00%
- EPS 3Y
- 45.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- -9.00×
- Altman Z
- 2.94
- Book Value
- 484.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -18.00 Cr
- EPS TTM
- 16.15
Shareholding
- Promoter Hold
- 72.18%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 0.3+158.3% vs prev
Net Profit
₹ CrLatest: -1.5+64.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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
Mixed signalsSignals are conflicting — long-term trend down. RSI 51. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.9% over last month) — short-term momentum negative.
- RSI(14) at 51 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 30% off 52W high · 11% 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
35
RS percentile
Stage 4 Downtrend
1M return
+2.2%
3M return
-2.9%
6M return
-10.5%
1Y return
-27.5%
RS 1D
+5
RS 20D
+6
Sector rank
#10
Industry rank
#16
Stage evidence
- Price is 3.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.6%.
- 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)
260 observations
19 Oct 2026Value 75.75+2.50%
RS vs Nifty 50076
Valuation & peers
U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation30/30
Growth20/25
Quality0/20
Balance Sheet10/15
Cash Flow3/10
Piotroski
5/9 (+3)
Penalties
-7
Raw sum
59
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
59/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 78.7%.
- Valuation contributes 30/30 to the score.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; 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
5.5
PB
0.2
EV/EBITDA
—
ROE
3.0%
ROCE
2.6%
FCF Yield
—
Debt/Equity
0.0
MoS
+78.7%
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
59
Previous: 59
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+78.7%
Previous: +78.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
59
59
59
59
59
59
59
59
59
59
59
59
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
₹419.37
+79.0% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹411.83
+78.7% MoS
PEG
0.16
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
PIONRINV
Small
Pioneer Investcorp Limited
Financial Services
match 89
62
6.0
9.6%
+82%
UNDERVALUED
ICDSLTD
Small
ICDS Limited
Financial Services
match 84
26
87.2
5.5%
-290%
OVERVALUED
HBSL
Small
HB Stockholdings Limited
Financial Services
match 81
16
—
-12.8%
—
OVERVALUED
21STCENMGM
Small
21st Century Management Services Limited
Financial Services
match 81
15
—
-57.2%
—
OVERVALUED
ONELIFECAP
Small
Onelife Capital Advisors Limited
Financial Services
match 78
21
17.0
10.0%
+24%
OVERVALUED
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
Palash Securities Limited operates in Investment, 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
57Limited 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 20th percentile of the scored universe and 35th percentile within Financial Services. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 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
20th percentile
overall median 67 · Financial Services: 35th pctile, median 62 · Small: 23rd pctile, median 66
Evidence depth
Financial-only
7 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
33
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 72.2%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-18 Cr.
- ▸ROCE is low at 2.7%.
- ▸ROE is low at 3%.
- ▸ROCE trend is -3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Palash Securities Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 21h - Annual report for FY26 filed; 12th AGM on 5 August 2026, with auditor appointment proposal.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 May
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 15 May - Board approved FY26 audited standalone and consolidated results; appointed statutory and internal auditors; no dividend declared.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.