Summit Securities Ltd.

NSE: SUMMITSEC BSE: 533306 SECTOR: Finance - NBFC

595.75
+2.25 (0.38%)
NSE: 18 Jun 03:47 PM

Price Summary

Today's High

₹ 609.9

Today's Low

₹ 591.2

52 Week High

₹ 649

52 Week Low

₹ 311.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and sound margins.

Company Essentials

Market Cap

649.47 Cr.

Advances

0 Cr.

No. of Shares

1.09 Cr.

P/E

74.97

P/B

0.29

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  2059.51

Operating Revenue

31.07 Cr.

Net Profit

25.47 Cr.

Promoter Holding

74.65%

EPS (TTM)

₹  7.95

Sales Growth

117.59 %

ROE

1.7 %

ROCE

1.63 %

Profit Growth

114.12 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Income Growth

1 Year117.59%
3 Year124.92%
5 Year28.48%

Profit Growth

1 Year114.12%
3 Year65.53%
5 Year26.47%

ROE%

1 Year1.7%
3 Year6.09%
5 Year4.63%

ROCE %

1 Year1.63%
3 Year6.69%
5 Year4.82%

ROA%

1.57399813474231

PEG Ratio

0.66

PAT Margin (%)

81.9762576126283

EPS Growth(%)

114.116123825058

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 74.65 0
Dec 2020 74.65 0
Sep 2020 74.65 0
Jun 2020 74.65 0
Mar 2020 74.65 0
* Figures given above are % of equity capital

 Strengths

  • Company has maintained a good ROA of 5.98357315503441% in last 3 years.
  • The company is trading at 0.2516279254418 times the book value
  • Operating Income has grown well for the company over past 3 years: 3 years CAGR 124.918509685047%.
  • The company has delivered substantial profit growth of 0% over past 3 years.
  • Promoters shareholding is 74.65%.

 Limitations

  • Provision and contingencies have increased by 1257.34450131844%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Operating Revenue 17.71 3.72 2.2 4.35 4.76
Other Income 0 0 0 0 0.06
Interest Expended 0 0 0 0 0.06
Operating Expenses 5.79 0.4 0.71 0.38 0.59
Total Provisions 0 0 0 0 0
Depreciation 0 0 0 0.01 0.01
Profit Before Tax 11.93 3.31 1.48 3.97 4.16
Tax -1.39 1.11 0.59 1.38 1.17
Net Profit 13.31 2.2 0.89 2.59 2.99

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Operating Income 17.14 2.73 86.07 14.28 31.07
Other Income 0 0 0 0.01 0
Interest 0 0 0 0 0
Operating Expenses 1.24 1.2 1.41 1.81 2.22
Total Provisions 0.12 0.13 0.17 0.47 4.42
Exceptional Items 0 0.46 0 0 0
Profit Before Tax 15.78 1.86 84.49 12.01 24.43
Tax 0.09 -3.76 9.01 0.11 -1.03
Profit After Tax 15.7 5.62 75.48 11.89 25.47
Adjusted EPS (Rs.) 14.4 5.15 69.24 10.91 23.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 10.9 10.9 10.9 10.9 10.9
Total Reserves 431.44 437.05 512.53 1789.59 1180.54
Borrowings 0 0 0 0 0
Other N/C liabilities 0.15 0.18 0.2 160.66 76.22
Current liabilities 10.33 3.54 3.54 3.69 3.51
Total Liabilities 452.82 451.67 527.18 1964.85 1271.17
Assets
Loans 0 0 0 0 0
Net Block 0.03 0.01 0.02 0.01 0.05
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 442.78 447.73 519.28 1961.37 1260.3
Other Loans 0 0 0 0 0
Other N/C Assets 0 0 0 0 0
Current Assets 10.01 3.93 7.88 3.47 10.82
Total Assets 452.82 451.67 527.18 1964.85 1271.17
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Promoters 74.65 74.65 74.65 74.65 74.65
Anant Vardhan Goenka 0.01 0.01 0.01 0.01 0.01
Carniwal Investments Ltd 3.25 3.25 3.25 3.25 0
Harsh Vardhan Goenka 0 0.01 0.01 0.01 0
STEL Holdings Limited 0.64 0.64 0.64 0.64 0.64
Swallow Associates LLP 70.55 70.55 70.55 70.55 70.55
CARNIWAL INVESTMENTS LTD 3.25 3.25 3.25 3.25 0
STEL HOLDINGS LIMITED 0.64 0.64 0.64 0.64 0.64
SWALLOW ASSOCIATES LLP 70.55 70.55 70.55 70.55 70.55
Harsh Vardhan Goenka, Tru... 0.15 0.15 0 0 0
JUBILEE INVESTMENTS & IND... 0.02 0.02 0 0 0
Harsh Vardhan Goenka# 0.01 0 0 0 0
Harshvardhan Ramprasad Go... 0.01 0 0 0 0
Harshvardhan Ramaprasad G... 0 0.01 0 0 0
ANANT VARDHAN GOENKA 0.01 0.01 0.01 0.01 0.01
HARSH VARDHAN GOENKA 0 0.01 0.01 0.01 0
HARSH VARDHAN GOENKA, TRU... 0 0 0.15 0.15 0
HARSHVARDHAN RAMAPRASAD G... 0 0 0.01 0.01 0
JUBILEE INVESTMENTS INDUS... 0 0 0.02 0.02 0
Carniwal Investments Limi... 0 0 0 0 3.25
Harsh Vardhan Goenka* 0 0 0 0 0.17
Jubilee Investments Indus... 0 0 0 0 0.02
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Public 22.83 22.08 22.43 22.3 22.6
SMIFS CAPITAL MARKETS LTD... 1.44 1.44 1.44 1.44 1.44
Vls Finance Ltd 1.42 1.42 1.3 1.29 0
Chinappa M B 2.31 2.07 1.9 1.9 1.96
LLP 0.05 0.05 0.06 0.09 0.08
SMIFS Capital Markets Lim... 0 0 0 0 0
VLS Finance Limited 0 0 0 0 0
VLS Finance Ltd 1.42 1.42 1.3 1.29 0
Seetha Kumari 0 0 0 0 1.18
PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
FII/DII 2.51 3.26 2.92 3.05 2.75
Life Insurance Corporatio... 2.15 2.15 1.77 1.77 1.42
Life Insurance corporatio... 2.15 2.15 1.77 1.77 1.42

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Company Presentations

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Summit Securities Stock Price Analysis and Quick Research Report. Is Summit Securities an attractive stock to invest in?

 

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow.

Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Summit Securities better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 25.4674 Cr and the compounded growth of profit in the past 3 years is 65.5297633630492 %. The PAT margin of Summit Securities is 81.9762576126283 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Summit Securities , the EPS grew by 114.116123825058 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a poor ROE track record. The ROE of Summit Securities is at 1.70240534258239 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Summit Securities is worth at the current levels at Rs 599.95. The stock is trading at a current P/E ratio of 11.7718926941894 and the average historical P/E for the last 5 years was 40.7546068595745.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Summit Securities is trading at a P/B of 0.2913 . The average historical P/B for the last 5 years was 0.856657050248194. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Summit Securities

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