
About Indo Thai Securities Limited
Data last updated:
Indo Thai Securities Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 19 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L66120MP1995PLC008959. Its GSTIN is 23AAACI4380E1ZZ (Madhya Pradesh). Its shares are listed on BSE: 533676 and NSE: INDOTHAI.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13.28 Cr. It is led by directors including Dhanpal Doshi (Managing Director) and Parasmal Doshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Capital Tower 2nd Floor Plot Nos. 169A – 171 Pu – 4 Scheme No. – 54, Indore, Madhya Pradesh, India – 452010.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹103.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹66.36 Cr (net margin 63.9%) and EBITDA of ₹86.11 Cr (EBITDA margin 82.9%). The net worth stands at ₹283.86 Cr (up 58.3% YoY). Total assets are valued at ₹311.49 Cr (up 68.5% YoY).
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indo Thai. As per MCA filings, the company has open charges of ₹161 Cr and satisfied charges of ₹54.91 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 1 filed against it; 2 cases are pending. The company has 44 deals on record (43 market trades, 1 ipo); the latest was in July 2026. Its 10 peer companies in the BFSI industry (Broking Services) are compared by revenue, 5 larger and 5 smaller; the largest is Amrapali Fincap Limited with revenue of ₹27.35 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indothai.co.in.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressCapital Tower 2nd Floor Plot Nos. 169A – 171 Pu – 4 Scheme No. – 54, Indore, Madhya Pradesh, India – 452010
- IndustryFinancial Services, Brokerage & Trading Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Indo Thai Securities Limited
The main business activity of Indo Thai Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indo Thai Securities Limited FY 2025-26 filings available
Indo Thai Securities Limited reported revenue of ₹103.89 Cr (up 288.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 104 | 26.75 | 31.43 | 7.59 | 19.77 | 21.90 | 9.37 |
| Revenue growth | +288.4% | -14.9% | +314.1% | -61.6% | -9.7% | +133.7% | - |
| EBITDA | 86.11 | 11.71 | 20.35 | (8.68) | 12.28 | 16.78 | (11.99) |
| EBITDA margin | +82.9% | +43.8% | +64.8% | -114.4% | +62.1% | +76.6% | -128.0% |
| Profit before tax | 83.22 | 10.37 | 19.71 | (8.91) | 11.16 | 16.18 | (13.61) |
| Net profit | 66.36 | 8.26 | 15.97 | (6.50) | 9.93 | 10.16 | (10.85) |
| Net profit margin | +63.9% | +30.9% | +50.8% | -85.6% | +50.2% | +46.4% | -115.8% |
| EPS (₹) | 5.16 | 7.05 | 15.98 | (6.48) | 9.93 | 10.16 | (10.85) |
| Balance sheet | |||||||
| Total assets | 311 | 185 | 81.23 | 64.85 | 66.25 | 56.14 | 52.63 |
| Net worth | 284 | 179 | 72.99 | 58.54 | 64.26 | 55.33 | 45.03 |
| Total debt | 24.70 | 3.91 | 6.18 | 3.63 | 2.01 | 0.81 | 7.60 |
| Cash & bank | 127 | 120 | 59.11 | 56.23 | 50.08 | 32.09 | 27.95 |
| Net working capital | 120 | 113 | 37.90 | 30.23 | 19.38 | 30.88 | 33.85 |
| Cash flow | |||||||
| Cash from operations | (33.67) | (21.50) | (2.75) | 1.35 | 4.88 | 4.36 | 13.13 |
| Cash from investing | (22.05) | (75.28) | 3.42 | (1.57) | (8.53) | 3.77 | (14.09) |
| Cash from financing | 58.12 | 94.87 | 0.15 | 0.40 | (0.60) | (7.11) | (1.76) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.62 | 38.34 | 27.71 | 23.71 | 14.04 | 5.85 | 5.54 | 9.32 |
| Revenue growth (YoY) | +46.9% | +555.4% | +400.2% | +154.4% | +48.7% | - | - | - |
| Other income | 0.15 | 0.07 | 0.13 | 0.06 | 0.19 | 0.08 | 0.05 | 0.44 |
| EBITDA | 15.84 | 32.73 | 23.25 | 19.97 | 10.08 | (1.99) | 1.64 | 5.58 |
| EBITDA margin | +76.8% | +85.4% | +83.9% | +84.2% | +71.8% | -34.0% | +29.6% | +59.9% |
| Depreciation | 0.20 | 0.24 | 0.14 | 0.14 | 0.13 | 0.17 | 0.16 | 0.15 |
| Interest | 0.89 | 1.21 | 0.61 | 0.45 | 0.35 | 0.29 | 0.32 | 0.29 |
| Profit before tax | 14.90 | 31.35 | 22.63 | 19.44 | 9.79 | (2.37) | 1.21 | 5.58 |
| Tax | 3.87 | 5.18 | 5.62 | 5.04 | 1.22 | 0.21 | 0.25 | 1.06 |
| Net profit | 11.03 | 26.17 | 17.01 | 14.40 | 8.57 | (2.58) | 0.96 | 4.52 |
| EPS (₹) | 0.85 | 2.02 | 1.35 | 11.89 | 7.19 | (2.46) | 0.90 | 4.54 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 103 | 26.72 | 31.02 | 7.69 | 19.85 | 21.88 | 9.38 |
| Revenue growth | +287.2% | -13.9% | +303.4% | -61.3% | -9.3% | +133.3% | - |
| EBITDA | 87.49 | 12.98 | 22.06 | (6.86) | 13.04 | 14.61 | (11.83) |
| EBITDA margin | +84.6% | +48.6% | +71.1% | -89.2% | +65.7% | +66.8% | -126.1% |
| Profit before tax | 84.79 | 11.88 | 21.19 | (7.21) | 11.93 | 14.18 | (13.60) |
| Net profit | 66.86 | 9.12 | 16.59 | (5.78) | 10.41 | 12.48 | (10.89) |
| Net profit margin | +64.6% | +34.1% | +53.5% | -75.2% | +52.4% | +57.0% | -116.1% |
| EPS (₹) | 5.20 | 7.79 | 16.60 | (5.80) | 10.40 | 10.31 | (10.89) |
| Balance sheet | |||||||
| Total assets | 304 | 179 | 74.31 | 60.17 | 65.35 | 54.38 | 50.95 |
| Net worth | 283 | 178 | 71.70 | 56.63 | 63.44 | 54.04 | 43.59 |
| Total debt | 21.66 | 0.71 | 2.62 | 3.54 | 1.92 | 0.23 | 7.36 |
| Cash & bank | 125 | 119 | 57.73 | 54.72 | 48.55 | 31.04 | 26.74 |
| Net working capital | 115 | 109 | 33.01 | 25.55 | 15.74 | 28.57 | 31.19 |
| Cash flow | |||||||
| Cash from operations | (32.76) | (21.50) | (0.96) | 3.70 | 6.31 | 6.03 | 13.05 |
| Cash from investing | (22.19) | (74.91) | 4.91 | (3.82) | (10.40) | 2.69 | (12.41) |
| Cash from financing | 56.29 | 94.65 | (3.21) | 0.40 | (0.60) | (7.55) | (2.34) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.61 | 38.20 | 27.63 | 23.62 | 14.02 | 5.83 | 5.54 | 9.73 |
| Revenue growth (YoY) | +47.0% | +555.2% | +398.7% | +142.8% | +55.6% | - | - | - |
| Other income | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | 0.01 |
| Total expenses | 4.66 | 4.88 | 3.93 | 3.47 | 3.71 | 7.18 | 3.56 | 3.37 |
| EBITDA | 15.95 | 33.32 | 23.70 | 20.15 | 10.31 | (1.35) | 1.98 | 6.36 |
| EBITDA margin | +77.4% | +87.2% | +85.8% | +85.3% | +73.5% | -23.2% | +35.7% | +65.4% |
| Depreciation | 0.17 | 0.19 | 0.11 | 0.11 | 0.10 | 0.13 | 0.11 | 0.11 |
| Interest | 0.80 | 1.12 | 0.52 | 0.36 | 0.26 | 0.20 | 0.23 | 0.18 |
| Profit before tax | 15.00 | 32.03 | 23.09 | 19.70 | 9.97 | (1.63) | 1.66 | 6.08 |
| Tax | 3.88 | 5.43 | 5.70 | 5.09 | 1.71 | 0.35 | 0.32 | 1.16 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.62 | 38.34 | 27.71 | 23.71 | 14.04 | 5.85 | 5.54 | 9.32 |
| Revenue growth (YoY) | +46.9% | +555.4% | +400.2% | +154.4% | +48.7% | - | - | - |
| Other income | 0.15 | 0.07 | 0.13 | 0.06 | 0.19 | 0.08 | 0.05 | 0.44 |
| EBITDA | 15.84 | 32.73 | 23.25 | 19.97 | 10.08 | (1.99) | 1.64 | 5.58 |
| EBITDA margin | +76.8% | +85.4% | +83.9% | +84.2% | +71.8% | -34.0% | +29.6% | +59.9% |
| Depreciation | 0.20 | 0.24 | 0.14 | 0.14 | 0.13 | 0.17 | 0.16 | 0.15 |
| Interest | 0.89 | 1.21 | 0.61 | 0.45 | 0.35 | 0.29 | 0.32 | 0.29 |
| Profit before tax | 14.90 | 31.35 | 22.63 | 19.44 | 9.79 | (2.37) | 1.21 | 5.58 |
| Tax | 3.87 | 5.18 | 5.62 | 5.04 | 1.22 | 0.21 | 0.25 | 1.06 |
| Net profit | 11.03 | 26.17 | 17.01 | 14.40 | 8.57 | (2.58) | 0.96 | 4.52 |
| EPS (₹) | 0.85 | 2.02 | 1.35 | 11.89 | 7.19 | (2.46) | 0.90 | 4.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 104 | 26.75 | 31.43 | 7.59 | 19.77 | 21.90 | 9.37 |
| Revenue growth | +288.4% | -14.9% | +314.1% | -61.6% | -9.7% | +133.7% | - |
| Other income | 0.37 | 0.44 | 0.76 | 0.63 | 0.42 | 1.15 | 0.57 |
| Total expenses | 17.78 | 15.04 | 11.08 | 16.27 | 7.49 | 5.12 | 21.36 |
| Employee cost | 6.11 | 4.71 | 3.82 | 4.08 | 3.07 | 2.17 | 2.04 |
| EBITDA | 86.11 | 11.71 | 20.35 | (8.68) | 12.28 | 16.78 | (11.99) |
| EBITDA margin | +82.9% | +43.8% | +64.8% | -114.4% | +62.1% | +76.6% | -128.0% |
| Depreciation | 0.65 | 0.61 | 0.52 | 0.53 | 0.61 | 0.76 | 0.77 |
| Interest | 2.61 | 1.17 | 0.88 | 0.33 | 0.93 | 0.99 | 1.42 |
| Profit before tax | 83.22 | 10.37 | 19.71 | (8.91) | 11.16 | 16.18 | (13.61) |
| Tax | 17.06 | 2.47 | 4.36 | (1.80) | 1.48 | 6.02 | (2.76) |
| Net profit | 66.36 | 8.26 | 15.97 | (6.50) | 9.93 | 10.16 | (10.85) |
| Net profit margin | +63.9% | +30.9% | +50.8% | -85.6% | +50.2% | +46.4% | -115.8% |
| EPS (₹) | 5.16 | 7.05 | 15.98 | (6.48) | 9.93 | 10.16 | (10.85) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.86 | 11.69 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves & surplus | 265 | 149 | 62.99 | 48.54 | 54.26 | 45.33 | 35.03 |
| Shareholders' funds (net worth) | 284 | 179 | 72.99 | 58.54 | 64.26 | 55.33 | 45.03 |
| Minority interest | 2.94 | 1.71 | 2.06 | 2.68 | (0.01) | 0.00 | 0.00 |
| Secured loans | 24.70 | 3.91 | 6.18 | 3.63 | 2.01 | 0.81 | 7.60 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 24.70 | 3.91 | 6.18 | 3.63 | 2.01 | 0.81 | 7.60 |
| Total liabilities | 311 | 185 | 81.23 | 64.85 | 66.25 | 56.14 | 52.63 |
| Assets | |||||||
| Gross block | 20.76 | 19.43 | 20.92 | 18.29 | 18.33 | 16.02 | 15.31 |
| Net block | 13.80 | 12.76 | 13.05 | 11.39 | 11.50 | 10.64 | 10.28 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 175 | 57.54 | 29.61 | 21.17 | 35.14 | 14.87 | 2.69 |
| Inventories | 0.98 | 0.55 | 0.54 | 0.47 | 0.00 | 9.58 | 3.46 |
| Sundry debtors | 6.92 | 18.41 | 7.77 | 2.86 | 2.65 | 3.53 | 10.87 |
| Cash & bank balances | 127 | 120 | 59.11 | 56.23 | 50.08 | 32.09 | 27.95 |
| Loans & advances | 42.72 | 17.26 | 10.77 | 12.93 | 9.14 | 7.90 | 9.35 |
| Total current assets | 178 | 156 | 78.19 | 72.49 | 61.87 | 53.10 | 51.63 |
| Total current liabilities | 58.24 | 42.95 | 40.29 | 42.26 | 42.49 | 22.22 | 17.78 |
| Net working capital | 120 | 113 | 37.90 | 30.23 | 19.38 | 30.88 | 33.85 |
| Total assets | 311 | 185 | 81.23 | 64.85 | 66.25 | 56.14 | 52.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.89 | 2.79 | 1.96 | 1.79 | 6.04 | 5.02 | 7.73 |
| Net cash from operating activities | (33.67) | (21.50) | (2.75) | 1.35 | 4.88 | 4.36 | 13.13 |
| Net cash from investing activities | (22.05) | (75.28) | 3.42 | (1.57) | (8.53) | 3.77 | (14.09) |
| Net cash from financing activities | 58.12 | 94.87 | 0.15 | 0.40 | (0.60) | (7.11) | (1.76) |
| Net change in cash | 2.40 | (1.90) | 0.83 | 0.18 | (4.25) | 1.02 | (2.71) |
| Closing cash | 127 | 120 | 59.11 | 56.23 | 50.08 | 32.09 | 27.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +288.4% | -14.9% | +314.1% | -61.6% | -9.7% | +133.7% | - |
| EBITDA growth | +635.4% | -42.5% | +334.5% | -170.7% | -26.8% | +240.0% | - |
| PBT growth | +702.5% | -47.4% | +9998.0% | - | -31.0% | +9998.0% | - |
| Net income growth | +703.4% | -48.3% | +345.7% | -165.5% | -2.3% | +193.6% | - |
| Revenue CAGR (3Y) | +139.2% | +10.6% | +12.8% | -6.8% | -25.5% | -27.8% | -40.9% |
| EBITDA CAGR (3Y) | - | -1.6% | +6.6% | -10.2% | +49.6% | +9.3% | +182.8% |
| Profitability & leverage | |||||||
| Net income margin | +63.7% | +29.5% | +48.8% | -93.7% | +49.0% | +46.4% | -115.8% |
| Return on capital employed | +34.9% | +8.8% | +29.2% | -13.4% | +19.8% | +31.6% | -20.7% |
| Return on net worth | +28.6% | +6.3% | +23.4% | -11.6% | +16.2% | +20.3% | -21.2% |
| Debt / equity | 0.06 | 0.04 | 0.07 | 0.05 | 0.02 | 0.08 | 0.15 |
| Long-term debt / equity | 0.06 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 |
| Interest cover | 3.05 | 10.54 | 4.44 | -3.58 | 7.97 | 6.18 | -11.13 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.19 | 1.35 | 1.64 | 0.45 | 1.15 | 1.47 | 0.66 |
| Inventory turnover | 136.29 | 49.89 | 63.74 | 34.98 | 0.00 | 3.54 | 5.75 |
| Debtors turnover | 8.23 | 2.08 | 6.06 | 2.98 | 6.53 | 3.20 | 0.60 |
| EPS (₹) | 5.16 | 7.05 | 15.98 | (6.48) | 9.93 | 10.16 | (10.85) |
| Dividend per share (₹) | 0.00 | 0.00 | 1.60 | 0.60 | 1.00 | 1.00 | 0.00 |
| Book value per share (₹) | 21.60 | 137.14 | 72.99 | 58.54 | 64.26 | 55.33 | 45.03 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.61 | 38.20 | 27.63 | 23.62 | 14.02 | 5.83 | 5.54 | 9.73 |
| Revenue growth (YoY) | +47.0% | +555.2% | +398.7% | +142.8% | +55.6% | - | - | - |
| Other income | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | 0.01 |
| Total expenses | 4.66 | 4.88 | 3.93 | 3.47 | 3.71 | 7.18 | 3.56 | 3.37 |
| EBITDA | 15.95 | 33.32 | 23.70 | 20.15 | 10.31 | (1.35) | 1.98 | 6.36 |
| EBITDA margin | +77.4% | +87.2% | +85.8% | +85.3% | +73.5% | -23.2% | +35.7% | +65.4% |
| Depreciation | 0.17 | 0.19 | 0.11 | 0.11 | 0.10 | 0.13 | 0.11 | 0.11 |
| Interest | 0.80 | 1.12 | 0.52 | 0.36 | 0.26 | 0.20 | 0.23 | 0.18 |
| Profit before tax | 15.00 | 32.03 | 23.09 | 19.70 | 9.97 | (1.63) | 1.66 | 6.08 |
| Tax | 3.88 | 5.43 | 5.70 | 5.09 | 1.71 | 0.35 | 0.32 | 1.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 103 | 26.72 | 31.02 | 7.69 | 19.85 | 21.88 | 9.38 |
| Revenue growth | +287.2% | -13.9% | +303.4% | -61.3% | -9.3% | +133.3% | - |
| Other income | 0.07 | 0.11 | 0.12 | 0.15 | 0.10 | 0.75 | 0.04 |
| Total expenses | 15.98 | 13.74 | 8.96 | 14.55 | 6.81 | 7.27 | 21.21 |
| Employee cost | 5.36 | 3.99 | 2.50 | 1.93 | 2.70 | 2.11 | 2.00 |
| EBITDA | 87.49 | 12.98 | 22.06 | (6.86) | 13.04 | 14.61 | (11.83) |
| EBITDA margin | +84.6% | +48.6% | +71.1% | -89.2% | +65.7% | +66.8% | -126.1% |
| Depreciation | 0.51 | 0.43 | 0.31 | 0.27 | 0.28 | 0.34 | 0.39 |
| Interest | 2.26 | 0.78 | 0.68 | 0.23 | 0.93 | 0.84 | 1.42 |
| Profit before tax | 84.79 | 11.88 | 21.19 | (7.21) | 11.93 | 14.18 | (13.60) |
| Tax | 17.93 | 2.76 | 4.60 | (1.43) | 1.52 | 3.89 | (2.71) |
| Net profit | 66.86 | 9.12 | 16.59 | (5.78) | 10.41 | 12.48 | (10.89) |
| Net profit margin | +64.6% | +34.1% | +53.5% | -75.2% | +52.4% | +57.0% | -116.1% |
| EPS (₹) | 5.20 | 7.79 | 16.60 | (5.80) | 10.40 | 10.31 | (10.89) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.86 | 11.69 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves & surplus | 264 | 148 | 61.70 | 46.63 | 53.44 | 44.04 | 33.59 |
| Shareholders' funds (net worth) | 283 | 178 | 71.70 | 56.63 | 63.44 | 54.04 | 43.59 |
| Secured loans | 21.66 | 0.71 | 2.62 | 3.54 | 1.92 | 0.23 | 7.36 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 21.66 | 0.71 | 2.62 | 3.54 | 1.92 | 0.23 | 7.36 |
| Total liabilities | 304 | 179 | 74.31 | 60.17 | 65.35 | 54.38 | 50.95 |
| Assets | |||||||
| Gross block | 8.05 | 6.86 | 8.41 | 7.94 | 7.64 | 7.52 | 7.42 |
| Net block | 3.07 | 2.03 | 2.20 | 2.04 | 2.01 | 2.17 | 2.41 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 185 | 68.04 | 39.37 | 29.61 | 43.98 | 23.16 | 11.04 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.58 | 3.46 |
| Sundry debtors | 6.92 | 18.41 | 7.77 | 2.86 | 2.65 | 3.53 | 10.87 |
| Cash & bank balances | 125 | 119 | 57.73 | 54.72 | 48.55 | 31.04 | 26.74 |
| Loans & advances | 39.59 | 13.68 | 6.56 | 10.08 | 6.97 | 6.92 | 7.84 |
| Total current assets | 171 | 151 | 72.06 | 67.66 | 58.17 | 51.07 | 48.91 |
| Total current liabilities | 56.44 | 41.73 | 39.05 | 42.11 | 42.43 | 22.50 | 17.72 |
| Net working capital | 115 | 109 | 33.01 | 25.55 | 15.74 | 28.57 | 31.19 |
| Total assets | 304 | 179 | 74.31 | 60.17 | 65.35 | 54.38 | 50.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.53 | 2.29 | 1.55 | 1.28 | 5.98 | 4.81 | 6.51 |
| Net cash from operating activities | (32.76) | (21.50) | (0.96) | 3.70 | 6.31 | 6.03 | 13.05 |
| Net cash from investing activities | (22.19) | (74.91) | 4.91 | (3.82) | (10.40) | 2.69 | (12.41) |
| Net cash from financing activities | 56.29 | 94.65 | (3.21) | 0.40 | (0.60) | (7.55) | (2.34) |
| Net change in cash | 1.34 | (1.75) | 0.73 | 0.27 | (4.70) | 1.17 | (1.70) |
| Closing cash | 125 | 119 | 57.73 | 54.72 | 48.55 | 31.04 | 26.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +287.2% | -13.9% | +303.4% | -61.3% | -9.3% | +133.3% | - |
| EBITDA growth | +574.0% | -41.2% | +421.6% | -152.6% | -10.8% | +223.5% | - |
| PBT growth | +613.7% | -43.9% | +9998.0% | - | -15.9% | +9998.0% | -812.8% |
| Net income growth | +633.1% | -45.0% | +387.0% | -155.5% | -16.6% | +214.6% | - |
| Revenue CAGR (3Y) | +137.9% | +10.4% | +12.3% | -6.4% | +40.0% | -27.6% | -40.8% |
| EBITDA CAGR (3Y) | - | -0.2% | +14.7% | -16.6% | +425.2% | +3.8% | +163.0% |
| Profitability & leverage | |||||||
| Net income margin | +64.6% | +34.1% | +53.5% | -75.2% | +52.4% | +47.0% | -116.1% |
| Return on capital employed | +36.0% | +10.0% | +32.5% | -11.2% | +21.5% | +32.7% | -21.3% |
| Return on net worth | +29.0% | +7.3% | +25.9% | -9.7% | +17.7% | +25.6% | -21.9% |
| Debt / equity | 0.05 | 0.01 | 0.05 | 0.05 | 0.02 | 0.08 | 0.15 |
| Long-term debt / equity | 0.05 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 |
| Interest cover | 2.60 | 6.22 | 3.13 | -3.23 | 7.29 | 5.89 | -11.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 13.89 | 3.51 | 3.81 | 1.01 | 2.63 | 3.03 | 1.28 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 4.16 | 3.47 | 5.45 |
| Debtors turnover | 8.18 | 2.05 | 5.86 | 2.85 | 6.46 | 3.14 | 0.57 |
| EPS (₹) | 5.20 | 7.79 | 16.60 | (5.80) | 10.40 | 10.31 | (10.89) |
| Dividend per share (₹) | 0.00 | 0.00 | 1.60 | 0.60 | 0.00 | 1.00 | 0.00 |
| Book value per share (₹) | 21.51 | 136.39 | 71.70 | 56.63 | 63.44 | 54.04 | 43.59 |
Peer Comparison of Indo Thai Securities Limited
Indo Thai Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indo Thai Securities Limited this company | ₹103.89 Cr (FY 2026) | •••• | •••• | 288.4% | •••• | Indore, Madhya Pradesh, India |
| Amrapali Fincap Limited Listed | ₹27.35 Cr (FY 2025) | •••• | •••• | 1086.0% | •••• | Ahmedabad, Gujarat, India |
| HKKR Global Private Limited | ₹27.33 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Seashell Fintech Private Limited | ₹27.28 Cr (FY 2025) | •••• | •••• | -90.0% | •••• | Noida, Uttar Pradesh, India |
| Red Horse Capital Private Limited | ₹27.26 Cr (FY 2024) | •••• | •••• | 168.0% | •••• | Mumbai, Maharashtra, India |
| Abhisar Securities Services Private Limited | ₹27.19 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Archana Properties Private Limited | ₹27.18 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
| Mahesh Media Services Private Limited | ₹27.1 Cr (FY 2020) | •••• | •••• | 126.0% | •••• | Kolkata, West Bengal, India |
| Jayshree Finvest Limited | ₹27.06 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Rakot, Gujarat, India |
| Comfort Securities Limited | ₹27.03 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Mumbai, Maharashtra, India |
| Aadi Holdings Private Limited | ₹27 Cr (FY 2025) | •••• | •••• | 134914.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Indo Thai Securities by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors and KMP of Indo Thai Securities Limited
Indo Thai Securities Limited currently reports 6 directors and 2 key managerial personnel. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amber Chaurasia | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Nishit Doshi Also directs: Citadel Real Estates Private Limited, Future Infraestates Private Limited, Indo Thai Financial Services Limited and 1 more | Cfo | 14 Jan 2026 | 0 Years 8 Months | Current |
| Dharmendra Jain | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Parasmal Doshi | Whole-Time Director | 01 Oct 2010 | 16 Years 0 Months | Current |
| Sarthak Doshi Also directs: Indo Thai Globe Fin (Ifsc) Limited, Sky Space Ventures LLP, Surana Estate and Commodity Trading Private Limited and 5 more | Ceo | 03 Feb 2024 | 2 Years 8 Months | Current |
| Sweta Sharma Pastaria | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
Charges & Borrowings of Indo Thai Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2025 | Others | ₹1 Cr | Open |
| 11 Feb 2025 | Others | ₹30 Cr | Open |
| 29 Jan 2025 | Others | ₹5 Cr | Open |
| 16 Jan 2024 | Others | ₹5 Cr | Open |
| 03 Jan 2018 | Hdfc Bank Limited | ₹120 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Indo Thai Securities Limited
Indo Thai Securities Limited has 44 deals on record (43 market trades, 1 ipo); the latest was in July 2026.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹55.47 Cr | Buyer: Arihant Capital Markets Limited, Mahevarsh Fincon Private Limited Seller: Arihant Capital Markets Limited, Mahevarsh Fincon Private Limited |
| Jul 2026 | Market trade | ₹55.35 Cr | Buyer: Arihant Capital Markets Limited, Mahevarsh Fincon Private Limited Seller: Arihant Capital Markets Limited, Mahevarsh Fincon Private Limited |
| Jul 2026 | Market trade | ₹15.21 Cr | Buyer: Onix Renewable Limited Seller: Onix Renewable Limited |
| Jan 2013 | Market trade | ₹1.33 Cr | Buyer: Jayneel Securities Private Limited , an individual Seller: Jayneel Securities Private Limited , an individual |
| Nov 2011 | Market trade | ₹12.9 Lakh | Buyer: A.K.G. Securities and Consultancy Limited Seller: A.K.G. Securities and Consultancy Limited |
Full deal history
All 44 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indo Thai Securities Limited
Indo Thai Securities Limited has 10 court cases on record: 6 filed by Indo Thai Securities, 1 filed against it, 3 where it is another party. 2 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 1 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (RCA) | Filed by the company against Saregama India Limited and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS A) | Filed by the company against Saregama India Limited and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MJC SUC) | Company is another party | Pending |
| District court, Indore, Madhya Pradesh | Court case (EX AB) | Filed by the company against an individual | Pending |
| District court, Indore, Madhya Pradesh | Court case (MJC AV) | Filed against the company by an individual | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Indo Thai Securities Limited
Indo Thai Securities operates one associated brand: Indo Thai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of financial broker services | indothai.co.in |
Employees and EPFO Compliance at Indo Thai Securities Limited
Employment history and EPFO contributions of people linked to Indo Thai Securities.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Indo Thai Securities Limited
Indo Thai Securities has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L66120MP1995PLC008959, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L66120MP1995PLC008959 | Current |
| L67120MP1995PLC008959 | Previous |
| U67120MP1995PLC008959 | Previous |
News related to Indo Thai Securities Limited
Recent Activity on Indo Thai Securities Limited
Indo Thai Securities Limited has 16 board changes on record since 1995: 8 appointments and 8 cessations. The latest: Nishit Doshi was appointed as CFO on 14 Jan 2026.
47 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indo Thai Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indo Thai Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indo Thai Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indo Thai Securities Limited
Indo Thai Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACI4380E1ZZ | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indo Thai Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indo Thai Securities Limited
Indo Thai Securities is an active public limited company based in Indore, Madhya Pradesh, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 19 January 1995 (31+ years old) and is registered under CIN L66120MP1995PLC008959. Listed on BSE: 533676 and NSE: INDOTHAI.
Indo Thai Securities reported revenue of ₹103.89 Cr for FY 2025-26 (up 288.4% YoY) based on consolidated financials.
Indo Thai Securities has 8 current directors and KMP:
- Dhanpal Doshi - Managing Director
- Parasmal Doshi - Whole-Time Director
- Rajendra Bandi - Whole-Time Director
- Amber Chaurasia - Director
- Dharmendra Jain - Director
- Sweta Sharma Pastaria - Director
- Nishit Doshi - Cfo
- Sarthak Doshi - Ceo
The GSTIN of Indo Thai Securities is 23AAACI4380E1ZZ, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Indo Thai Securities is L66120MP1995PLC008959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indo Thai Securities is listed on both BSE (code: 533676) and NSE (symbol: INDOTHAI).
Indo Thai Securities has 10 court cases on record: 6 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Indo Thai Securities was incorporated on 19 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Gwalior.
Indo Thai Securities has 44 deals on record (43 market trades, 1 ipo); the latest was in July 2026.
The peers of Indo Thai Securities by revenue are Amrapali Fincap Limited, HKKR Global Private Limited, Seashell Fintech Private Limited, Red Horse Capital Private Limited, Abhisar Securities Services Private Limited and 5 more, all in the BFSI industry (Broking Services).
Nishit Doshi was appointed as CFO on 14 Jan 2026. Om Prakash Gauba ceased to be Director on 19 Sep 2024. Shobha Choudhary ceased to be Director on 19 Sep 2024. Indo Thai Securities has 16 board changes on record in total.