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Indo Thai Securities Limited (INDOTHAI) AI Stock Analysis
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Indo Thai Securities Limited
(NSE:INDOTHAI)
The score is anchored by strong reported profitability and balance-sheet conservatism, plus attractive valuation (low P/E and very high dividend yield). Offsetting these positives are materially weak cash-flow conversion (negative operating and free cash flow for three straight years) and very bearish technicals with the price far below key moving averages.
Indo Thai Securities Limited (INDOTHAI) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 4.64B
- Dividend Yield
- 0.35%
- Average Volume (3M)
- 312.38K
- Price to Earnings (P/E)
- 18.3
- Beta (1Y)
- 0.29
- Revenue Growth
- 107.22%
- EPS Growth
- -9.86%
- Country
- India
- Employees
- 115
- Sector
- General
- Sector Strength
- 55
- Industry
- Financial - Capital Markets
Indo Thai Securities Limited Business Overview & Revenue Model
Company Description
Indo Thai Securities Ltd. is an Indian enterprise offering a comprehensive array of services spanning financial markets, real estate, and associated ancillary activities. The company facilitates trading in equities, commodity and currency derivatives...
How the Company Makes Money
INDOTHAI primarily makes money through brokerage-related income generated when clients trade financial instruments through its platforms and dealer network (e.g., charging fees/commissions on executed trades). Additional earnings can come from ancill...
Indo Thai Securities Limited Financial Statement Overview
Summary
Strong reported profitability and a low-leverage balance sheet support the score (net margin ~64%, debt-to-equity ~0.08, and ~190% YoY revenue growth in the latest year). However, three consecutive years of negative operating cash flow and free cash flow (2024–2026) plus historically volatile results materially reduce confidence in earnings quality and sustainability.
Income Statement
76PositiveBalance Sheet
84Very PositiveCash Flow
28Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 947.29M | 1.04B | 149.16M | 239.68M | 55.82M | 50.55M |
| Gross Profit | 854.19M | 959.58M | 59.03M | 171.82M | 1.36M | 4.87M |
| EBITDA | 263.97M | 838.75M | 117.27M | 208.09M | -82.32M | 125.52M |
| Net Income | 186.92M | 663.65M | 82.45M | 159.80M | -64.84M | 99.28M |
Balance Sheet | ||||||
| Total Assets | 3.34B | 3.74B | 2.28B | 1.22B | 1.07B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.62B | 753.96M | 288.21M | 677.89M | 362.80M |
| Total Debt | 40.52M | 239.95M | 32.03M | 57.45M | 31.13M | 14.77M |
| Total Liabilities | 571.50M | 872.92M | 468.59M | 464.66M | 458.93M | 445.00M |
| Stockholders Equity | 2.74B | 2.84B | 1.79B | 729.89M | 585.42M | 642.56M |
Cash Flow | ||||||
| Free Cash Flow | 0 | -214.82M | -149.99M | -49.29M | 9.41M | 33.92M |
| Operating Cash Flow | 0 | -197.81M | -145.98M | -27.46M | 13.49M | 48.78M |
| Investing Cash Flow | 0 | -341.68M | -836.25M | 34.25M | -15.75M | -85.26M |
| Financing Cash Flow | 0 | 563.47M | 963.20M | 1.53M | 4.01M | -6.04M |
Indo Thai Securities Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOTHAI, the sentiment is Negative. The current price of 28.66 is below the 20-day moving average (MA) of 33.59, below the 50-day MA of 38.43, and below the 200-day MA of 191.50, indicating a bearish trend. The MACD of -4.54 indicates Negative momentum. The RSI at 28.89 is Positive, neither overbought nor oversold. The STOCH value of 7.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDOTHAI.
Indo Thai Securities Limited Peers Comparison
Overall Rating
IN:SHAREINDIA82Outperform
IN:MONARCH74Outperform
IN:SMCGLOBAL74Outperform
IN:GEOJITFSL66.7Neutral
IN:SGFIN64Neutral- IN:INDOTHAI63Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:SHAREINDIA | 82Outperform | INR 38.48B | 10.55 | ― | 1.03% | 14.54% | 14.60% |
| IN:MONARCH | 74Outperform | INR 27.90B | 15.40 | ― | 0.28% | 7.26% | 13.10% |
| IN:SMCGLOBAL | 74Outperform | INR 18.99B | 16.36 | ― | 1.32% | 17.97% | 18.76% |
| IN:GEOJITFSL | 67Neutral | INR 18.05B | 26.94 | ― | 2.32% | 2.10% | -43.37% |
| IN:SGFIN | 64Neutral | INR 45.31B | 22.70 | ― | ― | 102.53% | 68.98% |
| IN:INDOTHAI | 63Neutral | INR 3.81B | 18.30 | ― | 0.35% | 107.22% | -9.86% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:INDOTHAI | Indo Thai Securities Limited | 28.66 | -359.05 | -92.61% | |
| IN:GEOJITFSL | Geojit Financial Services Ltd | 64.66 | -6.93 | -9.68% | |
| IN:MONARCH | Monarch Networth Capital Limited | 351.85 | 43.39 | 14.07% | |
| IN:SHAREINDIA | Share India Securities Ltd | 175.85 | -10.83 | -5.80% | |
| IN:SMCGLOBAL | SMC Global Securities Ltd. (India) | 90.68 | 25.00 | 38.06% | |
| IN:SGFIN | SG Finserve Limited | 687.60 | 304.10 | 79.30% |
Indo Thai Securities Limited Corporate Events
Indo Thai Securities Confirms Full Demat Compliance for Q2 FY2026-27
Indo Thai Securities Limited has submitted to the BSE and NSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026. The certificate, issued by its regist...
Indo Thai Securities Holds 32nd AGM via Virtual Platform, Highlights Governance Structure
Indo Thai Securities Limited convened its 32nd Annual General Meeting on September 19, 2026, via video conferencing and other audio-visual means in line with directions from India’s corporate and securities regulators. The meeting confirmed tha...
Indo Thai Securities to Raise ₹10 Crore via Secured Unlisted Debentures
Indo Thai Securities Limited has approved the issuance of secured, redeemable, unlisted and unrated non-convertible debentures of up to ₹10 crore via private placement, signalling a move to raise debt capital outside public bond markets. The co...
Indo Thai Securities to Raise ₹10 Crore via Secured Non-Convertible Debentures
Indo Thai Securities Limited has approved the issuance of secured, redeemable, unlisted and unrated non-convertible debentures of up to ₹10 crore on a private placement basis. The company has executed a debenture trust deed and deed of hypothec...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 06, 2026