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

Extremely low leverage and an expanded equity base provide durable financial resilience. This conservative capital structure lowers insolvency risk, preserves optionality for strategic investments or acquisitions, and supports operations through downturns without reliance on external debt.

Strong Profitability Margins

Consistently high gross and operating margins indicate a structurally profitable business model or favorable fee mix. High margin profiles support sustained cash generation, internal reinvestment capacity, and margin cushioning against competitive pressures over the medium term.

Solid Cash Generation & Top-line Growth

Mid-teens revenue growth combined with free cash flow roughly tracking net income signals durable cash conversion and revenue momentum. Reliable FCF supports capital allocation choices like reinvestment, shareholder returns, or balance sheet strengthening over a 2-6 month horizon and beyond.

Negative Factors

Revenue and Margin Volatility

Material swings in revenue and episodic margin variability weaken earnings predictability and complicate long-term planning. Volatility reduces confidence in sustained margin delivery and makes cash flow and capital allocation less reliable across business cycles.

Inconsistent Operating Cash Flow

While FCF often tracks net income, intermittent negative operating cash flow demonstrates a risk to liquidity under stress. Inconsistent OCF can limit internal funding for growth or shareholder returns and increases reliance on timing of receipts and working capital management.

Low Returns on Equity

A large capital base paired with very low ROE signals poor capital efficiency: the company isn’t converting equity into meaningful shareholder returns. Over time this pressures justification for the expanded equity base and may constrain investor appeal and strategic reinvestment returns.

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%