Indo Thai Securities Limited (IN:INDOTHAI)
:INDOTHAI
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Indo Thai Securities Limited
(INDOTHAI)
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Rating:51Neutral
Price Target:
₹242.00
▼(-14.06% Downside)
Action:ReiteratedDate:01/04/26
The score is held back most by weak technicals (bearish trend with negative MACD) and expensive valuation (very high P/E). Financial performance is mixed: strong revenue growth and a low-leverage balance sheet are positives, but volatile profitability and inconsistent operating/free cash flow reduce overall quality.
Positive Factors
Sustained Revenue Growth
Multi-year revenue expansion of this magnitude indicates successful client acquisition and higher transaction volumes, strengthening the firm's recurring fee base. A larger revenue platform supports economies of scale, reinvestment in capabilities, and greater resilience to near-term market swings.
Negative Factors
Inconsistent Operating Cash Flow
Negative and uneven operating cash flows undermine the firm's ability to self-fund growth and absorb shocks. Reliance on external financing to cover operating needs can constrain strategic options and increase funding risk over the medium term if cash generation does not stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue expansion of this magnitude indicates successful client acquisition and higher transaction volumes, strengthening the firm's recurring fee base. A larger revenue platform supports economies of scale, reinvestment in capabilities, and greater resilience to near-term market swings.
Read all positive factors
Indo Thai Securities Limited (INDOTHAI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.23B
Dividend Yield0.03%
Average Volume (3M)217.28K
Price to Earnings (P/E)53.3
Beta (1Y)0.18
Revenue Growth27.84%
EPS Growth-84.51%
CountryIN
Employees57
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.39
Shares Outstanding128,618,200
10 Day Avg. Volume251,674
30 Day Avg. Volume217,279
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.13
Price to Sales (P/S)13.59
P/FCF Ratio-13.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indo Thai Securities Limited Business Overview & Revenue Model
Company Description
Indo Thai Securities Ltd. engages in the stock and share broking, depository participants, real estate, and other related ancillary businesses in India. It trades in equities and derivatives, commodities derivatives, and currency derivatives; and ...
How the Company Makes Money
Indo Thai Securities Limited generates revenue through multiple key streams. Primarily, the company earns commissions from brokerage fees charged on buying and selling securities for its clients. Additionally, it provides advisory services for whi...
Indo Thai Securities Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 359.77M | 149.16M | 239.68M | 55.82M | 50.55M | 129.73M |
| Gross Profit | 284.01M | 59.03M | 171.82M | 1.36M | 4.87M | 100.02M |
| EBITDA | 292.19M | 117.27M | 208.09M | -82.32M | 125.52M | 177.20M |
| Net Income | 217.12M | 82.45M | 159.80M | -64.84M | 99.28M | 101.63M |
Balance Sheet | ||||||
| Total Assets | 2.84B | 2.28B | 1.22B | 1.07B | 1.09B | 786.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.41B | 1.20B | 288.21M | 677.89M | 362.80M | 294.65M |
| Total Debt | 31.22M | 32.03M | 57.45M | 31.13M | 14.77M | 2.27M |
| Total Liabilities | 657.61M | 468.59M | 464.66M | 458.93M | 445.00M | 232.79M |
| Stockholders Equity | 2.17B | 1.79B | 729.89M | 585.42M | 642.56M | 553.31M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -149.99M | -49.29M | 9.41M | 33.92M | 32.46M |
| Operating Cash Flow | 0.00 | -145.98M | -27.46M | 13.49M | 48.78M | 43.64M |
| Investing Cash Flow | 0.00 | -836.25M | 34.25M | -15.75M | -85.26M | 37.67M |
| Financing Cash Flow | 0.00 | 963.20M | 1.53M | 4.01M | -6.04M | -71.08M |
Indo Thai Securities Limited Technical Analysis
Positive
281.60
Price Trends
258.61
Positive
313.37
Negative
270.24
Positive
Market Momentum
3.05
Negative
67.71
Neutral
96.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOTHAI, the sentiment is Positive. The current price of 281.6 is above the 20-day moving average (MA) of 261.44, above the 50-day MA of 258.61, and above the 200-day MA of 270.24, indicating a bullish trend. The MACD of 3.05 indicates Negative momentum. The RSI at 67.71 is Neutral, neither overbought nor oversold. The STOCH value of 96.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDOTHAI.
Indo Thai Securities Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹15.57B | 40.70 | ― | 1.88% | -11.33% | -40.39% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹5.04B | 8.12 | ― | 0.93% | 17.32% | 13.66% | |
66 Neutral | ₹12.48B | 15.62 | ― | 0.70% | -5.03% | -54.73% | |
62 Neutral | ₹5.83B | 14.15 | ― | ― | -6.37% | -24.10% | |
51 Neutral | ₹37.23B | 53.30 | ― | 0.03% | 27.84% | -84.51% |
* Financial Sector Average
IN:INDOTHAI
Indo Thai Securities Limited
289.45
98.91
51.91%
IN:ASCOM
Ascom Leasing & Investments Ltd.
226.70
33.65
17.43%
IN:BIRLAMONEY
Aditya Birla Money Limited
103.10
-57.40
-35.76%
IN:CSLFINANCE
CSL Finance Limited
221.30
-40.25
-15.39%
IN:GEOJITFSL
Geojit Financial Services Ltd
55.77
-15.74
-22.01%
IN:SMCGLOBAL
SMC Global Securities Ltd. (India)
59.60
8.14
15.81%
Indo Thai Securities Limited Corporate Events
Indo Thai Securities Extends Rs 20 Crore Inter-Corporate Loan to Yash Technologies
Feb 2, 2026
Indo Thai Securities Limited has executed an inter-corporate loan agreement with Yash Technologies Private Limited for an amount of up to Rs 20 crore, carrying an interest rate of 10% per annum payable on maturity over a fixed tenure of four month...
Indo Thai Securities Converts Warrants Into 200,000 Equity Shares After Stock Split
Jan 10, 2026
Indo Thai Securities Limited has approved the conversion of 20,000 equity convertible warrants into 200,000 equity shares of face value Re 1 each, following a prior stock split from Rs 10 to Re 1 per share and receipt of the remaining 75% of the i...
Indo Thai Securities Converts Warrants into 200,000 Equity Shares After Stock Split
Jan 10, 2026
Indo Thai Securities Limited has approved the conversion of 20,000 equity convertible warrants into 200,000 equity shares of face value Re 1 each, following a prior stock split that reduced the face value from Rs 10 to Re 1 per share. The shares, ...
Indo Thai Securities Confirms Full Demat Shareholding and SEBI Compliance for Q3 FY2025-26
Jan 10, 2026
Indo Thai Securities Limited has reported that, for the quarter ended 31 December 2025, it remains fully compliant with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. According to a certificate from its registrar a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.