Stock Price Movement and Market Context
On 9 January 2026, Khandwala Securities Ltd’s share price settled at ₹23.15, down by 2.53% on the day, despite outperforming its sector by 3.05%. This decline places the stock below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent downward momentum. The stock also experienced erratic trading, having not traded on one of the last 20 trading days, which may reflect reduced liquidity or investor caution.
In comparison, the Sensex index opened lower by 158.87 points and closed down 261.89 points at 83,760.20, a 0.5% decline. The benchmark remains 2.86% below its 52-week high of 86,159.02, with the 50-day moving average trading above the 200-day moving average, indicating a mixed technical backdrop for the broader market.
Financial Performance and Fundamental Metrics
Khandwala Securities Ltd’s financial results have shown signs of strain over recent periods. The company reported net sales of ₹5.72 crores for the nine months ended September 2025, reflecting a contraction of 32.63% compared to the previous corresponding period. Correspondingly, the profit after tax (PAT) stood at a loss of ₹2.40 crores, also down by 32.63%. These figures highlight a notable decline in revenue generation and profitability.
Cash and cash equivalents were reported at a low ₹0.47 crores in the half-year period, indicating limited liquidity buffers. The company’s operating profit growth rate remains modest at an annualised 8.61%, which is insufficient to offset the broader declines in sales and net profit.
Under the radar no more! This Large Cap from Cement is emerging from turnaround with solid fundamentals intact. Discover it while it's still relatively hidden!
- - Hidden turnaround gem
- - Solid fundamentals confirmed
- - Large Cap opportunity
Long-Term Performance and Valuation Concerns
Over the past year, Khandwala Securities Ltd has delivered a total return of -28.65%, significantly underperforming the Sensex, which posted a positive return of 7.90% over the same period. This underperformance extends beyond the last year, with the stock consistently lagging the BSE500 index across the previous three annual periods.
The company’s return on equity (ROE) remains weak at an average of 0.83%, reflecting limited efficiency in generating shareholder returns. Additionally, the stock’s valuation appears risky when compared to its historical averages, compounded by a negative EBITDA position that raises concerns about operational profitability.
Majority shareholding remains with non-institutional investors, which may influence liquidity and trading dynamics in the stock.
Technical and Market Sentiment Indicators
The stock’s position below all major moving averages suggests a bearish technical trend. The 52-week low price of ₹23.15 contrasts sharply with the 52-week high of ₹32.50, indicating a 28.9% decline from the peak. This price action reflects the market’s cautious stance amid the company’s subdued financial metrics and earnings volatility.
Holding Khandwala Securities Ltd from Capital Markets? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Summary of Key Metrics
Khandwala Securities Ltd’s Mojo Score stands at 12.0, with a current Mojo Grade of Strong Sell, upgraded from Sell on 6 February 2025. The market capitalisation grade is rated 4, indicating a relatively modest market cap within its sector. Despite a day-on-day price decline, the stock outperformed its sector by 3.05% on the latest trading session, though this was insufficient to reverse the overall downward trend.
The company operates within the Capital Markets industry and sector, where competitive pressures and market volatility continue to influence performance metrics.
Conclusion
The fall of Khandwala Securities Ltd to its 52-week low price of ₹23.15 reflects a combination of subdued financial results, weak profitability indicators, and persistent underperformance relative to market benchmarks. The stock’s valuation and technical indicators suggest ongoing challenges in regaining upward momentum. Investors and market participants will continue to monitor the company’s financial disclosures and market developments closely as it navigates this period of subdued performance.
Unlock special upgrade rates for a limited period. Start Saving Now →
