Summit Securities Limited (SUMMITSEC) AI Stock Analysis

Summit Securities Limited

(NSE:SUMMITSEC)

Select Model

Rating:80Outperform

Price Target:INR 1,637.00▲(20.19% Upside)

Action:reiterated

Date:08/24/26

The overall score is driven primarily by Summit Securities’ top-tier financial health—explosive revenue growth, exceptionally high margins, a large debt-free equity base, and strong, reliable cash flows—which strongly support the investment case. Valuation on a roughly 13x P/E appears solid for such a financial profile, reinforcing the positive view. However, the current price trades below key moving averages with negative MACD and high beta, indicating a weak near-term trend and elevated volatility; this technical setup, despite being oversold, tempers the score and keeps it below the top tier.

Positive Factors

Strong ProfitabilityRecent profitability is described as very strong, with consistently high margins and higher net income in 2026 than 2025. This provides an established earnings base and can support reinvestment, resilience, and shareholder value over the next several quarters if margins hold.

Negative Factors

Volatile Revenue TrendRevenue declines in 2023 and 2026 reduce visibility on the durability of top-line expansion, even though some periods were stronger. Uneven growth can make future earnings less predictable and complicate planning, reinvestment decisions, and confidence in sustained operating momentum.

Summit Securities Limited (SUMMITSEC) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 14.60B
Dividend Yield: ―
Average Volume (3M): 621
Price to Earnings (P/E): 12.2
Beta (1Y): 1.70
Revenue Growth: 54.04%
EPS Growth: 39.49%
Country: India
Employees: 6
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Summit Securities Limited Business Overview & Revenue Model

Company Description

Summit Securities Limited operates as a non-banking financial institution, undertaking various investment and financial management activities. The company typically commits capital for the long term, predominantly in public equity markets, with a str...

How the Company Makes Money

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Summit Securities Limited Financial Statement Overview

Summary

Financial performance is exceptionally strong, with near-100% gross margins, EBIT margins consistently above 90%, and net margins improving to 73% TTM alongside a debt-free balance sheet, growing equity base, and robust, highly convertible operating cash flows; the minor recent revenue dip and structurally low ROE are the only small constraints on a near-perfect score.

Income Statement

92Very Positive

Balance Sheet

98Very Positive

Cash Flow

95Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.54B	1.44B	1.26B	689.58M	491.59M	643.63M
Gross Profit	1.52B	1.44B	1.23B	663.96M	470.22M	618.51M
EBITDA	1.40B	1.40B	1.13B	979.08M	453.15M	703.15M
Net Income	1.05B	1.05B	685.96M	757.30M	370.62M	508.31M
Balance Sheet
Total Assets	98.11B	98.11B	113.77B	100.78B	56.40B	49.36B
Cash, Cash Equivalents and Short-Term Investments	20.78M	20.78M	85.68M	54.30M	264.49M	317.45M
Total Debt	0	0	0	4.79M	4.48M	11.11M
Total Liabilities	12.56B	12.56B	15.10B	10.68B	5.34B	4.55B
Stockholders Equity	85.55B	85.55B	98.66B	90.26B	51.06B	44.82B
Cash Flow
Free Cash Flow	945.04M	983.77M	743.48M	361.17M	379.07M	464.98M
Operating Cash Flow	945.28M	984.01M	743.48M	361.81M	379.15M	465.08M
Investing Cash Flow	-956.45M	-993.57M	-766.96M	-572.50M	-432.15M	-219.52M
Financing Cash Flow	0	0	0	0	0	0

Summit Securities Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price1362.00

Price Trends

50DMA1371.35Negative

100DMA1440.48Negative

200DMA1538.31Negative

Market Momentum

MACD-12.76Negative

RSI49.79Neutral

STOCH78.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUMMITSEC, the sentiment is Positive. The current price of 1362.00 is above the 20-day moving average (MA) of 1320.30, below the 50-day MA of 1371.35, and below the 200-day MA of 1538.31, indicating a neutral trend. The MACD of -12.76 indicates Negative momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 78.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SUMMITSEC.

Summit Securities Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SUMMITSEC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SUMMITSEC	80Outperform	INR 14.59B	12.20	―	―	54.04%	39.49%
IN:ANGELONE	79Outperform	INR 258.83B	22.26	―	2.28%	21.45%	46.53%
IN:5PAISA	65Neutral	INR 10.12B	28.05	―	―	8.94%	-23.92%
IN:GEOJITFSL	59Neutral	INR 18.05B	26.94	―	2.32%	2.10%	-43.37%
IN:JMFINANCIL	59Neutral	INR 103.21B	9.91	―	3.02%	-2.59%	-5.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SMCGLOBAL	54Neutral	INR 18.99B	16.36	―	1.32%	17.97%	18.76%

* General Sector Average

Performance Comparison

IN:SUMMITSEC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SUMMITSEC	Summit Securities Limited	1338.45	-886.20	-39.84%
IN:5PAISA	5paisa Capital Ltd.	323.90	12.35	3.96%
IN:ANGELONE	Angel One Limited	283.00	32.69	13.06%
IN:GEOJITFSL	Geojit Financial Services Ltd	64.66	-6.93	-9.68%
IN:JMFINANCIL	JM Financial Limited	107.85	-55.46	-33.96%
IN:SMCGLOBAL	SMC Global Securities Ltd. (India)	90.68	25.00	38.06%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Aug 22, 2026

Summit Securities Limited AI Stock Analysis