MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0051186
Market Cap
₹24.51 Cr
KHANDSE · NSE
Share Price
₹16.00
-0.44% today
Revenue
₹8.76 Cr
FY 2025-26 · -14.9% YoY
EBITDA
−₹1.37 Cr
Margin -15.6%
Net Profit
−₹1.29 Cr
FY 2025-26 · +80.7% YoY
Debt / Equity
0.08
Interest cover -13.9x
Authorised capital
₹28 Cr
Registered with MCA
Paid-up capital
₹15.25 Cr
Issued & subscribed
About Khandwala Securities Limited
Data last updated:
Khandwala Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 09 February 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1993PLC070709. Its GSTIN is 27AAACK2214P1ZH (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 531892 and NSE: KHANDSE.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹15.25 Cr. It is led by directors including Paresh Jayantilal Khandwala (Managing Director) and Pranav Paresh Khandwala (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 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8.76 Cr, a decline of 14.9% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr (net margin -14.7%) and EBITDA of -₹1.37 Cr (EBITDA margin -15.6%). The net worth stands at ₹27.74 Cr (down 4% YoY). Total assets are valued at ₹31.09 Cr (up 1.5% YoY).
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Khandwala Securities. As per MCA filings, the company has open charges of ₹7.61 Cr and satisfied charges of ₹56.53 Cr on record. Court records list 56 cases involving the company, including 29 filed by the company and 27 filed against it; 11 cases are pending. The company has 47 deals on record (47 market trades); the latest was in January 2026. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is Kalpataru Multiplier Limited with revenue of ₹8.72 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 micro and small suppliers.
Khandwala Securities Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0051186). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kslindia.com.
Company details
CIN L67120MH1993PLC070709
Registration Number 070709
Incorporation Date 09 February 1993
ROC Mumbai
Listing Status Listed - Listed on NSE (KHANDSE); Listed on BSE (531892)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0051186
Key People
Paresh Jayantilal Khandwala Managing Director Pranav Paresh Khandwala Whole-Time Director Bhagyashree Pranav Khandwala Director Recognitions & Rankings of Khandwala Securities
Contact details
Khandwala Securities Limited's registered office is in Mumbai, Maharashtra. Its website is kslindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressG II Ground Floor, Dalamal House, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Khandwala Securities Limited, buy the company report.
Comprehensive company report
Khandwala Securities Limited - one report that includes everything
- 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
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Brands
Khandwala Securities operates one associated brand: Khandwala Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment banking services are focused on mid-market clients. | kslindia.com |
Business activity
The main business activity of Khandwala Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Khandwala Securities Limited, buy the company report.
Financials of Khandwala Securities Limited
FY 2025-26 filings availableKhandwala Securities Limited reported revenue of ₹8.76 Cr (down 14.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹8.76 Cr
-14.9% YoY
EBITDA
−₹1.37 Cr
+67.1% YoY
Profit After Tax
−₹1.29 Cr
+80.7% YoY
Net Worth
₹27.74 Cr
-4.0% YoY
Total Assets
₹31.09 Cr
+1.5% YoY
Total Debt
₹3.07 Cr
+104.7% YoY
Revenue 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 | 8.76 | 10.29 | 8.70 | 6.45 | 6.23 | 3.74 | 2.87 |
| Revenue growth | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| EBITDA | (1.37) | (4.16) | 0.74 | 1.09 | 0.94 | (0.71) | (3.27) |
| EBITDA margin | -15.6% | -40.4% | +8.5% | +16.9% | +15.1% | -19.0% | -113.9% |
| Profit before tax | (1.30) | 0.23 | 0.16 | 0.50 | 0.06 | (1.70) | (3.62) |
| Net profit | (1.29) | (6.67) | 0.17 | 0.45 | 0.12 | (1.65) | (3.58) |
| Net profit margin | -14.7% | -64.8% | +2.0% | +7.0% | +1.9% | -44.1% | -124.7% |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.01) |
| Balance sheet | |||||||
| Total assets | 31.09 | 30.63 | 31.43 | 32.30 | 26.81 | 27.11 | 29.54 |
| Net worth | 27.74 | 28.89 | 29.68 | 29.49 | 20.10 | 19.95 | 23.13 |
| Total debt | 3.07 | 1.50 | 1.55 | 2.64 | 6.47 | 6.94 | 6.24 |
| Cash & bank | 0.43 | 0.60 | 0.67 | 5.00 | 8.98 | 6.37 | 7.93 |
| Net working capital | (2.74) | (5.98) | (2.61) | 8.39 | (1.24) | (0.52) | 7.39 |
| Cash flow | |||||||
| Cash from operations | (2.05) | 4.02 | (1.74) | (7.24) | 3.30 | (0.21) | (3.55) |
| Cash from investing | 0.64 | (3.94) | (1.17) | (1.51) | 0.50 | 0.18 | (0.40) |
| Cash from financing | (0.50) | 0.29 | (0.09) | 8.40 | (1.19) | (1.54) | 0.53 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.27 | 2.30 | 1.06 | 3.40 | 1.14 | 1.18 | 2.70 | 3.14 |
| Revenue growth (YoY) | +99.1% | +94.9% | -60.7% | +8.3% | -54.8% | - | - | - |
| Other income | 0.32 | 0.44 | 0.66 | 0.21 | 0.16 | 0.37 | 0.35 | 4.81 |
| EBITDA | (0.08) | (0.76) | (1.00) | 0.17 | (0.63) | (1.24) | 0.26 | (4.50) |
| EBITDA margin | -3.5% | -33.0% | -94.3% | +5.0% | -55.3% | -105.1% | +9.6% | -143.3% |
| Depreciation | 0.07 | 0.06 | 0.08 | 0.08 | 0.07 | 0.11 | 0.07 | 0.07 |
| Interest | 0.08 | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 | 0.01 | 0.02 |
| Profit before tax | 0.09 | (0.45) | (0.48) | 0.24 | (0.58) | (1.01) | 0.53 | 0.22 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 1.05 | (0.01) | (0.01) |
| Net profit | 0.09 | (0.44) | (0.48) | 0.24 | (0.58) | (2.06) | 0.54 | 0.23 |
| EPS (₹) | 0.06 | (0.29) | (0.32) | 0.16 | (0.38) | (1.35) | 0.35 | 0.15 |
| 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 | 8.76 | 10.29 | 8.70 | 6.45 | 6.23 | 3.74 | 2.87 |
| Revenue growth | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| EBITDA | (1.37) | (4.16) | 0.75 | 1.09 | 0.95 | (0.71) | (3.27) |
| EBITDA margin | -15.6% | -40.4% | +8.6% | +16.9% | +15.3% | -19.0% | -113.9% |
| Profit before tax | (1.30) | 0.23 | 0.17 | 0.50 | 0.07 | (1.70) | (3.62) |
| Net profit | (1.29) | (6.67) | 0.18 | 0.45 | 0.13 | (1.65) | (3.58) |
| Net profit margin | -14.7% | -64.8% | +2.1% | +7.0% | +2.1% | -44.1% | -124.7% |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.00) |
| Balance sheet | |||||||
| Total assets | 31.72 | 31.26 | 32.06 | 32.92 | 27.43 | 27.74 | 30.17 |
| Net worth | 28.37 | 29.51 | 30.30 | 30.12 | 20.73 | 20.58 | 23.75 |
| Total debt | 3.07 | 1.50 | 1.55 | 2.64 | 6.47 | 6.94 | 6.24 |
| Cash & bank | 0.42 | 0.59 | 0.66 | 4.99 | 8.97 | 6.35 | 7.93 |
| Net working capital | (2.88) | (6.12) | (2.74) | 8.24 | (1.39) | (0.67) | 7.25 |
| Cash flow | |||||||
| Cash from operations | (2.04) | 4.03 | (1.75) | (7.24) | 3.30 | (0.21) | (3.55) |
| Cash from investing | 0.64 | (3.94) | (1.17) | (1.51) | 0.50 | 0.18 | (0.40) |
| Cash from financing | (0.50) | 0.29 | (0.09) | 8.40 | (1.19) | (1.54) | 0.53 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.27 | 2.30 | 1.06 | 3.40 | 1.14 | 1.18 | 2.70 | 3.14 |
| Revenue growth (YoY) | +99.1% | +94.9% | -60.7% | +8.3% | -54.8% | - | - | - |
| Other income | 0.32 | 0.44 | 0.66 | 0.21 | 0.16 | 0.37 | 0.35 | 4.81 |
| Total expenses | 2.35 | 3.06 | 2.06 | 3.23 | 1.77 | 2.41 | 2.44 | 7.64 |
| EBITDA | (0.08) | (0.76) | (1.00) | 0.17 | (0.63) | (1.23) | 0.26 | (4.50) |
| EBITDA margin | -3.5% | -33.0% | -94.3% | +5.0% | -55.3% | -104.2% | +9.6% | -143.3% |
| Depreciation | 0.07 | 0.06 | 0.08 | 0.08 | 0.07 | 0.11 | 0.07 | 0.07 |
| Interest | 0.08 | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 | 0.01 | 0.02 |
| Profit before tax | 0.09 | (0.45) | (0.48) | 0.24 | (0.58) | (1.00) | 0.53 | 0.22 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 1.05 | (0.01) | (0.01) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.27 | 2.30 | 1.06 | 3.40 | 1.14 | 1.18 | 2.70 | 3.14 |
| Revenue growth (YoY) | +99.1% | +94.9% | -60.7% | +8.3% | -54.8% | - | - | - |
| Other income | 0.32 | 0.44 | 0.66 | 0.21 | 0.16 | 0.37 | 0.35 | 4.81 |
| EBITDA | (0.08) | (0.76) | (1.00) | 0.17 | (0.63) | (1.24) | 0.26 | (4.50) |
| EBITDA margin | -3.5% | -33.0% | -94.3% | +5.0% | -55.3% | -105.1% | +9.6% | -143.3% |
| Depreciation | 0.07 | 0.06 | 0.08 | 0.08 | 0.07 | 0.11 | 0.07 | 0.07 |
| Interest | 0.08 | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 | 0.01 | 0.02 |
| Profit before tax | 0.09 | (0.45) | (0.48) | 0.24 | (0.58) | (1.01) | 0.53 | 0.22 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 1.05 | (0.01) | (0.01) |
| Net profit | 0.09 | (0.44) | (0.48) | 0.24 | (0.58) | (2.06) | 0.54 | 0.23 |
| EPS (₹) | 0.06 | (0.29) | (0.32) | 0.16 | (0.38) | (1.35) | 0.35 | 0.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.76 | 10.29 | 8.70 | 6.45 | 6.23 | 3.74 | 2.87 |
| Revenue growth | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| Other income | 0.59 | 4.84 | 0.00 | 0.04 | 0.12 | 0.03 | 0.75 |
| Total expenses | 10.13 | 14.45 | 7.96 | 5.36 | 5.29 | 4.45 | 6.14 |
| Employee cost | 3.05 | 2.48 | 2.07 | 2.12 | 2.92 | 2.13 | 2.05 |
| EBITDA | (1.37) | (4.16) | 0.74 | 1.09 | 0.94 | (0.71) | (3.27) |
| EBITDA margin | -15.6% | -40.4% | +8.5% | +16.9% | +15.1% | -19.0% | -113.9% |
| Depreciation | 0.29 | 0.34 | 0.31 | 0.29 | 0.29 | 0.28 | 0.28 |
| Interest | 0.23 | 0.11 | 0.27 | 0.34 | 0.71 | 0.74 | 0.82 |
| Profit before tax | (1.30) | 0.23 | 0.16 | 0.50 | 0.06 | (1.70) | (3.62) |
| Tax | (0.01) | 1.03 | (0.01) | 0.05 | (0.06) | (0.05) | (0.04) |
| Net profit | (1.29) | (6.67) | 0.17 | 0.45 | 0.12 | (1.65) | (3.58) |
| Net profit margin | -14.7% | -64.8% | +2.0% | +7.0% | +1.9% | -44.1% | -124.7% |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.01) |
| 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 | 15.25 | 15.25 | 15.25 | 15.25 | 11.94 | 11.94 | 13.44 |
| Reserves & surplus | 12.49 | 13.64 | 14.43 | 14.24 | 8.16 | 8.01 | 9.69 |
| Shareholders' funds (net worth) | 27.74 | 28.89 | 29.68 | 29.49 | 20.10 | 19.95 | 23.13 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2.76 | 1.29 | 1.34 | 2.48 | 6.02 | 6.09 | 6.11 |
| Unsecured loans | 0.31 | 0.21 | 0.21 | 0.16 | 0.45 | 0.85 | 0.13 |
| Total debt | 3.07 | 1.50 | 1.55 | 2.64 | 6.47 | 6.94 | 6.24 |
| Total liabilities | 31.09 | 30.63 | 31.43 | 32.30 | 26.81 | 27.11 | 29.54 |
| Assets | |||||||
| Gross block | 5.80 | 5.58 | 12.95 | 12.59 | 12.00 | 12.04 | 11.91 |
| Net block | 4.18 | 4.24 | 8.13 | 8.09 | 7.79 | 8.05 | 8.20 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.17 | 1.32 | 3.07 | 2.04 | 0.61 | 1.04 | 1.18 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4.01 | 3.87 | 6.65 | 7.84 | 4.71 | 6.84 | 9.40 |
| Cash & bank balances | 0.43 | 0.60 | 0.67 | 5.00 | 8.98 | 6.37 | 7.93 |
| Loans & advances | 2.31 | 2.23 | 6.25 | 6.83 | 5.53 | 0.52 | 0.41 |
| Total current assets | 6.75 | 6.70 | 13.57 | 19.67 | 19.22 | 13.73 | 17.74 |
| Total current liabilities | 9.49 | 12.68 | 16.18 | 11.28 | 20.46 | 14.25 | 10.35 |
| Net working capital | (2.74) | (5.98) | (2.61) | 8.39 | (1.24) | (0.52) | 7.39 |
| Total assets | 31.09 | 30.63 | 31.43 | 32.30 | 26.81 | 27.11 | 29.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | (0.34) | 2.67 | 3.00 | 6.37 | 7.93 | 11.35 |
| Net cash from operating activities | (2.05) | 4.02 | (1.74) | (7.24) | 3.30 | (0.21) | (3.55) |
| Net cash from investing activities | 0.64 | (3.94) | (1.17) | (1.51) | 0.50 | 0.18 | (0.40) |
| Net cash from financing activities | (0.50) | 0.29 | (0.09) | 8.40 | (1.19) | (1.54) | 0.53 |
| Net change in cash | (1.91) | 0.37 | (3.01) | (0.34) | 2.62 | (1.57) | (3.42) |
| Closing cash | 0.43 | 0.60 | 0.67 | 5.00 | 8.98 | 6.37 | 7.93 |
| 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 | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| EBITDA growth | +67.1% | -662.2% | -32.1% | +16.0% | +232.4% | +78.3% | - |
| PBT growth | - | +43.8% | -68.0% | +733.3% | +9998.0% | +53.0% | - |
| Net income growth | +80.7% | -4023.5% | -62.2% | +275.0% | +107.3% | +53.9% | - |
| Revenue CAGR (3Y) | +10.7% | +18.2% | +32.5% | +31.0% | +19.6% | -0.6% | -11.5% |
| EBITDA CAGR (3Y) | - | - | - | - | - | +43.6% | +61.9% |
| Profitability & leverage | |||||||
| Net income margin | -14.7% | -7.8% | +2.0% | +7.0% | +1.9% | -44.1% | -124.7% |
| Return on capital employed | 0.0% | 0.0% | +1.4% | +2.8% | +2.9% | 0.0% | -9.2% |
| Return on net worth | 0.0% | 0.0% | +0.6% | +1.8% | +0.6% | 0.0% | -15.3% |
| Debt / equity | 0.08 | 0.05 | 0.07 | 0.18 | 0.33 | 0.31 | 0.22 |
| Long-term debt / equity | 0.08 | 0.05 | 0.07 | 0.18 | 0.33 | 0.31 | 0.22 |
| Interest cover | -13.86 | -2.44 | 62.79 | 42.50 | 109.23 | -74.75 | -23.10 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.64 | 1.63 | 0.68 | 0.53 | 0.53 | 0.31 | 0.30 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 2.37 | 2.88 | 1.20 | 1.03 | 1.10 | 0.46 | 0.40 |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.01) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 18.19 | 18.94 | 19.46 | 19.33 | 16.84 | 16.71 | 18.11 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.27 | 2.30 | 1.06 | 3.40 | 1.14 | 1.18 | 2.70 | 3.14 |
| Revenue growth (YoY) | +99.1% | +94.9% | -60.7% | +8.3% | -54.8% | - | - | - |
| Other income | 0.32 | 0.44 | 0.66 | 0.21 | 0.16 | 0.37 | 0.35 | 4.81 |
| Total expenses | 2.35 | 3.06 | 2.06 | 3.23 | 1.77 | 2.41 | 2.44 | 7.64 |
| EBITDA | (0.08) | (0.76) | (1.00) | 0.17 | (0.63) | (1.23) | 0.26 | (4.50) |
| EBITDA margin | -3.5% | -33.0% | -94.3% | +5.0% | -55.3% | -104.2% | +9.6% | -143.3% |
| Depreciation | 0.07 | 0.06 | 0.08 | 0.08 | 0.07 | 0.11 | 0.07 | 0.07 |
| Interest | 0.08 | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 | 0.01 | 0.02 |
| Profit before tax | 0.09 | (0.45) | (0.48) | 0.24 | (0.58) | (1.00) | 0.53 | 0.22 |
| Tax | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 1.05 | (0.01) | (0.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.76 | 10.29 | 8.70 | 6.45 | 6.23 | 3.74 | 2.87 |
| Revenue growth | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| Other income | 0.59 | 4.84 | 0.00 | 0.04 | 0.12 | 0.03 | 0.75 |
| Total expenses | 10.13 | 14.45 | 7.95 | 5.36 | 5.28 | 4.45 | 6.14 |
| Employee cost | 3.05 | 2.48 | 2.07 | 2.12 | 2.92 | 2.13 | 2.05 |
| EBITDA | (1.37) | (4.16) | 0.75 | 1.09 | 0.95 | (0.71) | (3.27) |
| EBITDA margin | -15.6% | -40.4% | +8.6% | +16.9% | +15.3% | -19.0% | -113.9% |
| Depreciation | 0.29 | 0.34 | 0.31 | 0.29 | 0.29 | 0.28 | 0.28 |
| Interest | 0.23 | 0.11 | 0.27 | 0.34 | 0.71 | 0.74 | 0.82 |
| Profit before tax | (1.30) | 0.23 | 0.17 | 0.50 | 0.07 | (1.70) | (3.62) |
| Tax | (0.01) | 1.03 | (0.01) | 0.05 | (0.06) | (0.05) | (0.04) |
| Net profit | (1.29) | (6.67) | 0.18 | 0.45 | 0.13 | (1.65) | (3.58) |
| Net profit margin | -14.7% | -64.8% | +2.1% | +7.0% | +2.1% | -44.1% | -124.7% |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.00) |
| 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 | 15.25 | 15.25 | 15.25 | 15.25 | 11.94 | 11.94 | 13.44 |
| Reserves & surplus | 13.12 | 14.26 | 15.05 | 14.87 | 8.79 | 8.64 | 10.31 |
| Shareholders' funds (net worth) | 28.37 | 29.51 | 30.30 | 30.12 | 20.73 | 20.58 | 23.75 |
| Secured loans | 2.76 | 1.29 | 1.34 | 2.48 | 6.02 | 6.09 | 6.11 |
| Unsecured loans | 0.31 | 0.21 | 0.21 | 0.16 | 0.45 | 0.85 | 0.13 |
| Total debt | 3.07 | 1.50 | 1.55 | 2.64 | 6.47 | 6.94 | 6.24 |
| Total liabilities | 31.72 | 31.26 | 32.06 | 32.92 | 27.43 | 27.74 | 30.17 |
| Assets | |||||||
| Gross block | 3.20 | 2.99 | 10.36 | 10.00 | 9.41 | 9.44 | 9.31 |
| Net block | 1.58 | 1.65 | 5.54 | 5.50 | 5.20 | 5.45 | 5.60 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.55 | 4.70 | 6.44 | 5.42 | 3.99 | 4.41 | 4.55 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4.01 | 3.87 | 6.65 | 7.83 | 4.70 | 6.84 | 9.39 |
| Cash & bank balances | 0.42 | 0.59 | 0.66 | 4.99 | 8.97 | 6.35 | 7.93 |
| Loans & advances | 2.18 | 2.10 | 6.12 | 6.70 | 5.40 | 0.39 | 0.28 |
| Total current assets | 6.61 | 6.56 | 13.43 | 19.52 | 19.07 | 13.58 | 17.60 |
| Total current liabilities | 9.49 | 12.68 | 16.17 | 11.28 | 20.46 | 14.25 | 10.35 |
| Net working capital | (2.88) | (6.12) | (2.74) | 8.24 | (1.39) | (0.67) | 7.25 |
| Total assets | 31.72 | 31.26 | 32.06 | 32.92 | 27.43 | 27.74 | 30.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.02 | (0.35) | 2.66 | 3.00 | 6.35 | 7.93 | 11.34 |
| Net cash from operating activities | (2.04) | 4.03 | (1.75) | (7.24) | 3.30 | (0.21) | (3.55) |
| Net cash from investing activities | 0.64 | (3.94) | (1.17) | (1.51) | 0.50 | 0.18 | (0.40) |
| Net cash from financing activities | (0.50) | 0.29 | (0.09) | 8.40 | (1.19) | (1.54) | 0.53 |
| Net change in cash | (1.91) | 0.37 | (3.01) | (0.34) | 2.62 | (1.57) | (3.42) |
| Closing cash | 0.42 | 0.59 | 0.66 | 4.99 | 8.97 | 6.35 | 7.93 |
| 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 | -14.9% | +18.3% | +34.9% | +3.5% | +66.6% | +30.3% | - |
| EBITDA growth | +67.1% | -654.7% | -31.2% | +14.7% | +233.8% | +78.3% | - |
| PBT growth | - | +35.3% | -66.0% | +614.3% | +9998.0% | +53.0% | - |
| Net income growth | +80.7% | -3805.6% | -60.0% | +246.2% | +107.9% | +53.9% | - |
| Revenue CAGR (3Y) | +10.7% | +18.2% | +32.5% | +31.0% | +19.6% | -0.6% | -11.5% |
| EBITDA CAGR (3Y) | - | - | - | - | - | +45.6% | +62.7% |
| Profitability & leverage | |||||||
| Net income margin | -14.7% | -7.8% | +2.1% | +7.0% | +2.1% | -44.1% | -124.7% |
| Return on capital employed | 0.0% | -14.1% | +1.3% | +2.8% | +2.8% | -3.3% | -9.0% |
| Return on net worth | 0.0% | -22.3% | +0.6% | +1.7% | +0.6% | -7.7% | -14.9% |
| Debt / equity | 0.08 | 0.05 | 0.07 | 0.18 | 0.32 | 0.30 | 0.22 |
| Long-term debt / equity | 0.07 | 0.05 | 0.07 | 0.18 | 0.32 | 0.30 | 0.22 |
| Interest cover | -13.86 | -2.44 | 61.36 | 42.50 | 107.58 | -74.75 | -23.10 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.02 | 2.27 | 0.85 | 0.67 | 0.67 | 0.40 | 0.39 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 2.37 | 2.88 | 1.20 | 1.04 | 1.10 | 0.46 | 0.40 |
| EPS (₹) | (0.83) | (0.52) | 0.11 | 0.29 | 0.10 | (1.38) | (3.00) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 18.60 | 19.35 | 19.87 | 19.75 | 17.36 | 17.23 | 18.64 |
To see the full year-wise statements and ratios of Khandwala Securities Limited, buy the company report.
Board of directors of Khandwala Securities Limited
Khandwala Securities has 6 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Jayantilal Khandwala | Managing Director | 09 Feb 1993 | 33 Years 8 Months | Current |
| Bhagyashree Pranav Khandwala Also directs: Trumonee Financial Limited, Bentley Investments Private Limited | Director | 30 May 2014 | 12 Years 4 Months | Current |
| Pranav Paresh Khandwala | Whole-Time Director | 14 Nov 2011 | 14 Years 11 Months | Current |
| Pratik Paresh Khandwala | Director | 14 Aug 2020 | 6 Years 2 Months | Current |
| Suzan Vakil | Director | 11 Sep 2025 | 1 Years 1 Months | Current |
| Kalpen Shukla | Director | 31 Jan 2024 | 2 Years 8 Months | Current |
Peer comparison
Khandwala Securities Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khandwala Securities Limitedthis company | ₹8.76 Cr (FY 2026) | -₹1.29 Cr | -14.7% | -14.9% | 22 | Mumbai, Maharashtra, India |
| Kalpataru Multiplier Limited | ₹8.72 Cr (FY 2025) | 12.0% | Madhya Pradesh, India | |||
| Ntrust Insurance Broking Services Private Limited | ₹8.71 Cr (FY 2025) | -22.0% | Hyderabad, Telangana, India | |||
| P.C.S.Securities Limited | ₹8.68 Cr (FY 2025) | 30.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Khandwala Securities Limited, buy the company report.
Auditor
Khandwala Securities Limited is audited by Aniket Kulkarni & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aniket Kulkarni & Associates | FY 2023 | 130521W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 48.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 51.20%.
Sep 2026
QUARTER
48.80% Promoters
51.20% Retail & Others
Promoter holding - history
Now 48.80% · Sep 2026High 48.80% · Sep 2026Low 48.30% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 48.80% | 48.70% | 48.30% | 48.30% |
| Public | 51.20% | 51.30% | 51.70% | 51.70% |
Charges & borrowings
Open charges
₹7.61 Cr
Satisfied charges
₹56.53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2026 | 101286561 | Canara Bank | ₹7.23 Cr | Open | |
| 14 Mar 2024 | 100926215 | Hdfc Bank Limited | ₹26.5 Lakh | Open | |
| 28 Jan 2008 | 10100531 | Reliance Capital Limited | ₹11.45 Lakh | Open | |
| 12 Jun 2018 | 100188588 | Canara Bank | ₹10 Cr | Satisfied | |
| 21 Oct 2015 | 100032226 | Others | ₹33.5 Lakh | Satisfied |
To see the full charge records of Khandwala Securities Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Khandwala Securities Limited has 47 deals on record (47 market trades); the latest was in January 2026.
Total deals
47
Market trades
47
Deals on record (5 of 47)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Market trade | ₹17.5 Lakh | Buyer: Orion Stocks Limited |
| Jan 2026 | Market trade | ₹21.8 Lakh | Buyer: Orion Stocks Limited Seller: Orion Stocks Limited |
| Aug 2025 | Market trade | ₹93.4 Lakh | Buyer: Irage Broking Services LLP , an individual Seller: Irage Broking Services LLP , an individual |
| Aug 2025 | Market trade | ₹93.6 Lakh | Buyer: Irage Broking Services LLP , an individual Seller: Irage Broking Services LLP , an individual |
| Jul 2025 | Market trade | ₹1.07 Cr | Buyer: Irage Broking Services LLP , an individual Seller: Irage Broking Services LLP , an individual |
To see the full deal history of Khandwala Securities Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Khandwala Securities Limited has 56 court cases on record: 29 filed by Khandwala Securities, 27 filed against it. 11 cases are pending and 45 are disposed.
Total cases
56
Filed by the company
29
Filed against the company
27
Pending
11
Disposed
45
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 16 | 5 |
| High courts | 24 | 9 | 6 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Vardhman Electronics Private Limited and Ors. | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed against the company by Shree Rama Multi-Tech Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Refinitiv India Private Limited - Through Mr. Yogesh Gadkari | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Exe.Appln.) | Filed by the company against Shree Rama Multitech Ltd. | Disposed |
| Supreme Court | Court case (1817-Ordinary Civil Matters : Matters for eviction / dispossession other than Rent Control Act matters) | Filed against the company by Shree Rama Multi Tech Limited Through Its Director 301, Corporate House, Opp Torreent House, Income Tax ,Ahmedabad , Gujarat | Disposed |
To see the full case history of Khandwala Securities Limited, buy the company report.
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.
MSME payment delays
Khandwala Securities Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Secmark Consultancy Limited | |||
| Argus Electronic Security Systems Private Limited |
To see the full MSME payment records of Khandwala Securities Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Khandwala Securities has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Khandwala Securities Limited has a workforce of 22 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
-8.33%
GST
Khandwala Securities has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK2214P1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Khandwala Securities Limited, buy the company report.
Recent activity
Khandwala Securities Limited has 27 board changes on record since 1993: 16 appointments and 11 cessations. The latest: Suzan Vakil was appointed as Director on 11 Sep 2025.
Charges
A charge with Canara Bank amounted to Rs. 7.23 Cr with Charge ID 101286561 was registered on 05 May 2026.
Filing
Khandwala Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Khandwala Securities Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Appointed
Suzan Vakil was appointed as Director.
Charges
A charge registered on 12 Jun 2018 via Charge ID 100188588 with Canara Bank was fully satisfied on 31 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100926215 was registered on 14 Mar 2024.
Appointed
Kalpen Shukla was appointed as Director.
Ceased
Shyam Muralidhardas Seshadri ceased to be Director.
Ceased
Subramanian Murlidhardas ceased to be Director.
Charges
A charge registered on 21 Oct 2015 via Charge ID 100032226 with Others was fully satisfied on 17 Oct 2022.
Appointed
Shyam Muralidhardas Seshadri was appointed as Director.
Appointed
Subramanian Murlidhardas was appointed as Director.
37 earlier events are in the company report.
News
Frequently asked questions
Khandwala Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 09 February 1993 (33+ years old) and is registered under CIN L67120MH1993PLC070709. Listed on BSE: 531892 and NSE: KHANDSE.
Khandwala Securities reported revenue of ₹8.76 Cr for FY 2025-26 (down 14.9% YoY) based on consolidated financials.
Khandwala Securities has 6 current directors:
- Paresh Jayantilal Khandwala - Managing Director
- Pranav Paresh Khandwala - Whole-Time Director
- Bhagyashree Pranav Khandwala - Director
- Pratik Paresh Khandwala - Director
- Suzan Vakil - Director
- Kalpen Shukla - Director
The latest financial statements of Khandwala Securities on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Khandwala Securities is 27AAACK2214P1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Khandwala Securities is L67120MH1993PLC070709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Khandwala Securities is a listed company as per MCA records. Its shares are listed on both BSE (code: 531892) and NSE (symbol: KHANDSE).
Khandwala Securities has 56 court cases on record: 29 filed by the company and 27 filed against it. 11 are pending. Most are in the district courts.
Khandwala Securities was incorporated on 09 February 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Khandwala Securities has 47 deals on record (47 market trades); the latest was in January 2026.
The peers of Khandwala Securities by revenue are Kalpataru Multiplier Limited, Ntrust Insurance Broking Services Private Limited, P.C.S.Securities Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Suzan Vakil was appointed as Director on 11 Sep 2025. Kalpen Shukla was appointed as Director on 31 Jan 2024. Shyam Muralidhardas Seshadri ceased to be Director on 31 Jan 2024. Khandwala Securities has 27 board changes on record in total.