NSE: SUMMITSEC · BSE: 533306
SUMMIT SECURITIES LTD
Holds and manages a portfolio of equity investments, earning income from dividends, interest, and gains on its investment book. The company posted FY26 net profit of ₹104.63 crore, up 52.53% year-on-year. It carries no debt and runs with very lean operating costs — employee costs of 1.3% of revenue and other operating expenses of 1.8% — consistent with its model as an investment holding company rather than an operating business. Its investment portfolio is exposed to equity-market revaluation, which drove mark-to-market losses through Other Comprehensive Income in FY26. In Q4 FY26, the standalone entity posted a loss of ₹1,212 lakh after a ₹1,855 lakh fair-value loss in that quarter. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Investment income. Asset-heavy investment holding company with zero debt and concentrated equity-market exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 74 | 50 | 102 | 119 | 144 |
| EBITDA (ex other income) | 70 | 47 | 98 | 100 | 140 |
| margin % | 94.8 | 93.0 | 96.2 | 84.4 | 96.9 |
| Owners' profit | 51 | 37 | 76 | 69 | 105 |
| EPS, as reported (₹) | 46.63 | 34.00 | 69.47 | 62.92 | 95.98 |
| ROE % · ROCE % | 1.1 · — | 0.7 · — | 0.8 · — | 0.7 · — | 1.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 47 | 38 | 36 | 74 | 98 |
| Capex | (0) | (0) | (0) | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 1 | 10 | 28 | 120 | 22 | 11 | 41 |
| Profit before tax | 105 | (6) | (5) | 27 | 118 | 20 | (26) | 40 |
| Net profit | 75 | (5) | (5) | 20 | 91 | 17 | (23) | 35 |
| EPS (₹) | 68.93 | (4.46) | (4.26) | 18.52 | 83.16 | 15.61 | (21.31) | 32.37 |
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. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,35,496 | 63.7 | 1.01 | — | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 97,598 | 22.8 | 2.65 | — | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 61,858 | 19.4 | 2.21 | — | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 28,442 | 66.0 | 0.97 | — | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 24,545 | 9.2 | 0.72 | — | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 23,883 | 12.1 | 1.85 | — | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 13,373 | 48.0 | 0.48 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,440 | 90.6 | 0.38 | — | 0.4 | — | 14.1 | 84.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.1 | 19.9 | 17 of 51 | 68% |
| P/B | 0.2 | 0.6 | 8 of 63 | 86% |
| ROE | 1.2 | 1.3 | 35 of 65 | 47% |
| EBITDA margin | 97.0 | 61.6 | 17 of 62 | 74% |
| Revenue growth | 48.5 | 13.6 | 18 of 56 | 69% |
| Profit growth | 74.8 | 10.7 | 20 of 66 | 71% |
| Market cap | 1443 | 273 | 16 of 68 | 78% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting to approve September 2026 financial results | results | low | — | — |
| 2 Oct 2026 · Newspaper notice on physical shares dematerialisation window | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closure from Oct 1 for Q2 results | compliance | minimal | — | — |
| 25 Sept 2026 · Extension of Chief Compliance Officer tenure by 5 years | management changes | medium | — | — |
| 6 Aug 2026 · Newspaper notice on SEBI special window for physical shares | compliance | minimal | — | — |
| 5 Aug 2026 · Summit Securities Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 5 Aug 2026 · Summit Securities quarterly results published in newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · Q1 FY27 Results: Standalone PAT up 68%, Consolidated PAT up 75% YoY | results | high | — | — |
| 4 Aug 2026 · Q1 FY27 results: Standalone profit rises 68% YoY to Rs 15.82 cr | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Summit Securities 29th AGM: All four resolutions passed | board shareholder meetings | minimal | — | — |
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.