Summit Securities Limited (SUMMITSEC) AI Stock Analysis

• Market Cap: ₹16.82B
• Dividend Yield: N/A
• Average Volume (3M): 357.00
• Price to Earnings (P/E): 31.0
• Beta (1Y): 1.97
• 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: ₹1,650.00 ▼(-27.11% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

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

Minimal debt and an expanded equity base provide durable financial flexibility. This capital structure lowers refinancing and interest risks, preserves capacity for opportunistic investments or capital returns, and supports stability through market or cyclical shocks over months.

High profitability margins

Sustained high gross and operating margins indicate a business model with structural cost advantages or pricing power. Durable margin profiles improve cash flow conversion potential and buffer earnings through revenue variability, supporting reinvestment or balance sheet strengthening.

Generally solid cash generation

Consistent free cash flow near reported net income implies earnings quality and capacity to fund operations internally. Over the medium term this supports sustainable working capital, potential dividends or buybacks, and reduced dependence on external financing.

Negative Factors

Revenue volatility

Material swings in revenue reduce predictability of earnings and weaken planning for long-term investments. Structural revenue volatility can pressure margins during downturns, complicate forecasting, and limit the firm's ability to demonstrate consistent growth to stakeholders over several quarters.

Uneven operating cash flow

Intermittent negative or volatile operating cash flow undermines the reliability of reported profits as a source of funding. Persistent uneven cash conversion raises risk around meeting obligations without drawing on reserves, and can constrain sustained capital deployment plans.

Low returns on equity

Very low ROE signals limited effectiveness in converting shareholder capital to earnings. Over the medium term this can cap shareholder value creation, reduce investor confidence in growth initiatives, and indicate inefficiencies in asset or capital allocation strategies.

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

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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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.55B	1.26B	689.58M	491.59M	643.63M	66.71M
Gross Profit	1.52B	1.23B	663.96M	470.22M	618.51M	47.04M
EBITDA	1.32B	1.13B	979.08M	453.15M	703.15M	259.62M
Net Income	1.01B	685.96M	757.30M	370.62M	508.31M	182.99M
Balance Sheet
Total Assets	128.88B	113.77B	100.78B	56.40B	49.36B	54.35B
Cash, Cash Equivalents and Short-Term Investments	19.17M	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	17.10B	15.10B	10.68B	5.34B	4.55B	4.99B
Stockholders Equity	111.78B	98.66B	90.26B	51.06B	44.82B	49.36B
Cash Flow
Free Cash Flow	945.04M	743.48M	361.17M	379.07M	464.98M	-13.79M
Operating Cash Flow	945.28M	743.48M	361.81M	379.15M	465.08M	-13.59M
Investing Cash Flow	-956.45M	-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
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TFCILTD	66 Neutral	₹30.43B	23.71	―	0.92%	5.73%	12.29%
SMCGLOBAL	66 Neutral	₹13.54B	15.62	―	0.70%	-5.03%	-54.73%
SUMMITSEC	64 Neutral	₹16.82B	31.03	―	―	―	―
MONARCH	64 Neutral	₹21.07B	13.44	―	0.33%	-7.85%	-11.22%
KICL	57 Neutral	₹19.61B	316.94	―	―	―	―
INDOTHAI	51 Neutral	₹33.14B	53.30	―	0.03%	27.84%	-84.51%