BSE: 538395
NAM SECURITIES LTD
Operates as a small securities broking and financial services firm, listed on BSE (Scrip Code 538395) with its registered office in New Delhi. The company reports a single operating segment — broking and financial services — and does not break out revenue lines by activity. FY26 total revenue stood at Rs 4,053.11 lakhs, down roughly 39% from Rs 6,671.18 lakhs in FY25, while profit after tax for the year was Rs 13.57 lakhs versus Rs 35.66 lakhs the prior year; Q4 FY26 alone posted a loss of Rs 30.46 lakhs. In Q1 FY27, revenue recovered sharply to Rs 2,573.89 lakhs (up about 117% YoY) with profit after tax of Rs 20.08 lakhs. The company is small by SEBI standards, with paid-up capital of Rs 5.39 crore and net worth of Rs 11.48 crore as of 31 March 2026, both below the thresholds that trigger full LODR compliance. Costs are dominated by employee expenses (2.2% of revenue) and other operating expenses (2.0%); there is no materials input. Mr. Pradeep Kumar, who has worked in the securities market since 2008 and served as compliance officer since 2010, was appointed Executive Director effective 27 May 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Broking and financial services. Very small, single-segment securities broking firm with thin absolute profits
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 86 | 72 | 109 | 65 | 40 |
| EBITDA (ex other income) | 1 | (0) | (0) | (1) | 0 |
| margin % | 0.8 | (0.6) | (0.2) | (1.3) | 0.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.84 | 0.05 | 0.61 | 0.66 | 0.25 |
| ROE % · ROCE % | 4.3 · — | 0.3 · — | 3.0 · — | 3.1 · — | 1.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 0 | 2 | (2) | 1 | (1) |
| Capex | 0 | 0 | (0) | (2) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30 | 20 | 11 | 5 | 12 | 9 | 12 | 8 |
| Profit before tax | 0 | 0 | 0 | (0) | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | (0) | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.50 | 0.32 | 0.18 | (0.34) | 0.29 | 0.31 | 0.12 | (0.47) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 332.0 | 19.0 | 74 of 76 | 3% |
| P/B | 3.9 | 1.0 | 93 of 105 | 12% |
| ROE | 1.2 | 1.3 | 58 of 111 | 48% |
| EBITDA margin | (3.4) | 25.6 | 72 of 91 | 21% |
| Revenue growth | 84.7 | (4.1) | 15 of 85 | 83% |
| Profit growth | (34.7) | (0.2) | 69 of 109 | 37% |
| Market cap | 45 | 26 | 42 of 113 | 63% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine filing on share dematerialization for Sep 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · 32nd AGM results: 3 resolutions passed including new Executive Director | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading window closed ahead of Q2 and half year results | compliance | minimal | — | — |
| 30 Sept 2026 · 32nd AGM held on Sept 30, 2026 - three resolutions passed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · NAM Securities 32nd AGM on Sept 30, book closure Sept 24 to 30 | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY26 and 32nd AGM Notice | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 32nd AGM on September 30, 2026; director re-appointment and new Executive Director | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 32nd AGM on Sep 30, 2026; Book Closure Sep 24-30 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board approves FY26 annual report, 32nd AGM notice, director and auditor appointments | management changes | medium | — | — |
| 31 Aug 2026 · Board Meeting on Sept 5, 2026 to consider AGM and auditor appointments | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.