1,350 per cent Multibagger Returns: This low PE broking firm recently invested Rs 59.5 crore in the Metropolitan Stock Exchange
The stock has given multibagger returns of 1,347.52 per cent returns in the last five years.
Share India Securities Ltd stands out in the broking and financial services sector for its low Price-to-Earnings (PE) ratio of 14.31x. This valuation is significantly lower than the sector median PE of 17.35x (31 companies) and industry PE of 17.4x highlighting its position as an attractively priced stock relative to its peers.
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Finance Committee of the Board of Directors of the Company, at its meeting held on December 24, 2024, approved an investment of Rs 59,50,00,000 in Metropolitan Stock Exchange of India Limited (MSE) by way of acquisition of 29,75,00,000 equity shares constituting 4.958 per cent of post-issue paid-up share capital of MSE.
Incorporated in 2008, MSE is a SEBI recognised Stock Exchange. The Exchange began operations in the Currency Derivatives Segment in 2008 and expanded into Capital Market and Futures & Options Segments in 2013. Currently, it provides a platform for trading in Capital Market, Futures & Options, Currency Derivatives and Debt Market segments.
Share India Securities Ltd is a financial service provider that uses technology to offer customized capital market tech-based solutions to clients. It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients
Compared to prominent industry peers such as Angel One, ICICI Securities, and Nuvama Wealth, Share India Securities trades at a much lower P/E, indicating potential for re-rating if growth prospects are sustained.
Recently the company has acquired 1,82,725 equity shares worth Rs. 18.27 lakh under the Rights Issue of its subsidiary, Silverleaf Securities Research Private Limited. Despite subscribing to a significant portion of its entitlement, the company's shareholding in the subsidiary has diluted from 78.52 per cent to 73.09 per cent, reflecting strategic fund allocation across broader operations.
The company's Current Market Price (CMP) is Rs 300.1, with a market capitalisation of Rs. 6,548.79 crore. The stock has given returns of 1,347.52 per cent returns in the last five years.
Investors should keep this Small-Cap stock on the radar.
Disclaimer: The article is for informational purposes only and not investment advice.