Summit Securities Limited (SUMMITSEC) AI Stock Analysis

• Market Cap: ₹19.33B
• Dividend Yield: N/A
• Average Volume (3M): 357.00
• Price to Earnings (P/E): 15.7
• Beta (1Y): 2.03
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 5
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 15.61
• Shares Outstanding: 10,901,781
• 10 Day Avg. Volume: 338
• 30 Day Avg. Volume: 357
• PEG Ratio: -3.27
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 16.80
• P/FCF Ratio: 28.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹1,817.00 ▼(-19.73% Downside)

The score is supported primarily by strong financial positioning (very low leverage and solid profitability with generally decent cash conversion). This is tempered by weak technicals (below key moving averages with negative MACD) and only neutral valuation support (P/E ~20.8 with no dividend yield data).

Positive Factors

Conservative balance sheet

A conservatively positioned balance sheet with essentially no leverage and an expanded equity base provides durable financial resilience. This supports regulatory capital, cushions cyclical shocks, and enables strategic optionality for investments or client capital commitments over months to years.

Consistent cash generation

Free cash flow closely tracking net income and generally positive operating cash flow indicate sustainable internal funding capacity. That durability supports ongoing operations, potential shareholder returns, and reduces dependence on external financing across multi-quarter horizons.

High operating margins

Very strong gross and EBIT/EBITDA margins and healthy net margins point to an efficient business model or advantaged cost structure. Margin strength provides a buffer against revenue shocks and supports long-term profitability even if top-line growth is uneven.

Negative Factors

Revenue decline and volatility

Substantial negative revenue growth and a history of volatile top-line performance reduce predictability of earnings and limit scale economies. Persistent or recurrent revenue declines impair long-term growth prospects and make strategic planning and investment outcomes more uncertain.

Uneven operating cash flow

A history of uneven operating cash flows, including a negative year, undermines the reliability of internal funding. That increases execution risk for multi-quarter initiatives, may force opportunistic external financing, and complicates consistent dividend or capital return policies.

Very low returns on equity

Modest ROE levels despite an expanded equity base indicate poor capital efficiency and limited shareholder value creation. Over time, persistently low ROE constrains organic return potential and could pressure management to reallocate capital or pursue structural changes to improve profitability.

Summit Securities Limited Business Overview & Revenue Model

Company Description

Summit Securities Limited, a non-banking financial company, engages in investment and financial activities. The investments of the firm are typically long term in nature and predominantly in the equity markets. The firm typically invests in companies in real estate sector. Summit Securities Limited was formerly known as RPG Itochu Finance Limited. The company was incorporated on January 30, 1997 and is based in Mumbai, India.

How the Company Makes Money

Summit Securities Limited Financial Statement Overview

Summary

Strong balance sheet with essentially no leverage and an expanded equity base supports financial resilience. Profitability is a strength, but revenue and margin metrics are volatile across years, and returns on equity are modest; cash flow is generally supportive but has shown unevenness including a negative operating cash flow year.

Income Statement

Profitability is a clear strength, with very high gross profit and EBIT/EBITDA margins in recent years and net margins remaining strong. However, the revenue line is volatile (including a decline in 2025 and a sharp low base in 2021), and profitability ratios show inconsistencies across years (e.g., unusually high margins in 2020 and several years with EBIT margin listed as 0), which reduces confidence in earnings stability and comparability.

Balance Sheet

The balance sheet is conservatively positioned with essentially no leverage (debt-to-equity near zero across the period) and a large equity base that has expanded versus earlier years. The main drawback is modest returns on equity (roughly ~0.4%–1.1% across the period), indicating the company is not converting its capital base into high shareholder returns despite the strong capitalization.

Cash Flow

Cash generation is generally solid, with positive operating cash flow in most years and free cash flow closely tracking net income (near 1x in the years provided), supporting earnings quality. That said, operating cash flow turned negative in 2021 and has been uneven year-to-year, which is a risk flag for consistency of cash conversion through cycles.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.26B	1.26B	689.58M	491.59M	643.63M	66.71M
Gross Profit	1.23B	1.23B	663.96M	470.22M	618.51M	47.04M
EBITDA	1.19B	1.13B	979.08M	453.15M	703.15M	259.62M
Net Income	858.37M	685.96M	757.30M	370.62M	508.31M	182.99M
Balance Sheet
Total Assets	0.00	113.77B	100.78B	56.40B	49.36B	54.35B
Cash, Cash Equivalents and Short-Term Investments	113.27B	85.68M	54.30M	264.49M	317.45M	53.52B
Total Debt	0.00	0.00	4.79M	4.48M	11.11M	14.62M
Total Liabilities	-98.66B	15.10B	10.68B	5.34B	4.55B	4.99B
Stockholders Equity	98.66B	98.66B	90.26B	51.06B	44.82B	49.36B
Cash Flow
Free Cash Flow	0.00	743.48M	361.17M	379.07M	464.98M	-13.79M
Operating Cash Flow	0.00	743.48M	361.81M	379.15M	465.08M	-13.59M
Investing Cash Flow	0.00	-766.96M	-572.50M	-432.15M	-219.52M	-234.40M
Financing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00

Summit Securities Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMCGLOBAL	70 Outperform	₹16.13B	16.50	―	0.70%	-5.03%	-54.73%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TFCILTD	66 Neutral	₹30.21B	24.83	―	0.92%	5.73%	12.29%
SUMMITSEC	64 Neutral	₹19.33B	15.69	―	―	―	―
MONARCH	64 Neutral	₹23.59B	14.65	―	0.33%	-7.85%	-11.22%
KICL	57 Neutral	₹20.52B	45.94	―	―	―	―
INDOTHAI	51 Neutral	₹30.02B	78.50	―	0.03%	27.84%	-84.51%