PALASH SECURITIES chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 55.56
Dividend & YieldN/A₹ (N/A)
Beta 0.91
Market capitalization 1.05B
Operating cash flow 12.73M
ESG Scores unknown

Company description

Palash Securities Limited, an investment company, engages in food processing business in India and internationally. It operates through two segments, Food Processing Business and Investing Business. The company offers canned fruits and vegetables, jams jellies, marmalades, juices, tomato ketchups/purees/sauces, vegetable sauces, and squashes, as well as breakfast cereals, such as cornflakes, chocos, white oats, etc. It also invests and deals in shares and securities; and immovable properties. The company was incorporated in 2015 and is headquartered in Kolkata, India.

Sector: Consumer Defensive - Industry: Packaged Foods

Financial Ratios
Quick Ratio0.42
Working Capital2.82
Return On Equity-0.02
Debt To Equity0
Fixed Asset Ratio0
Fixed Interest Cover-4.76

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 12.05M 46.71M -5.49M 18.68M
Total Cashflows From Investing Activities 49.57M -33.61M -36.25M -3.34M
Net Borrowings -19.1M 45.58M 133.01M -2.56M
Total Cash From Financing Activities -24.58M 39.44M 114.94M -24.92M
Change To Operating Activities 9.59M -10.33M -11.91M 97.25M
Issuance Of Stock
Net Income 56.27M -19.35M -128.29M -85.46M
Change In Cash 87.1M -58.21M -4.99M -15.53M
Effect Of Exchange Rate
Total Cash From Operating Activities 62.12M -64.04M -83.68M 12.73M
Depreciation 1.7M 3.15M 3.53M 7.7M
Change To Account Receivables -12.08M -19.3M -6.77M 6.26M
Other Cashflows From Financing Activities -5.49M -6.14M -18.07M -22.36M
Change To Netincome 5.19M 6.73M 16.34M -30.98M
Capital Expenditures -433k -12.32M -36.31M -3.31M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 60.82M -15.95M -124.83M -129.57M
Net Income 56.27M -19.35M -128.29M -85.46M
Selling General Administrative 65.94M 95.53M 143.27M 271.19M
Gross Profit 275.46M 246.62M 233.66M 166.97M
Ebit 64.24M -9.81M -111.51M -111.92M
Operating Income 64.24M -9.81M -111.51M -111.92M
Interest Expense -6.03M -7.13M -14.34M -23.49M
Income Tax Expense 4.54M 3.41M 3.46M -44.11M
Total Revenue 457.13M 460.4M 589.1M 556.05M
Cost Of Revenue 181.67M 213.79M 355.44M 389.08M
Total Other Income ExpenseNet -3.43M -6.14M -13.32M -17.65M
Net Income From Continuing Ops 56.27M -19.35M -128.29M -85.46M
Net Income Applicable To Common Shares 56.27M -19.35M -128.29M -85.46M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 138.47M 236.68M 364.4M 536.08M
Total Stockholder Equity 2.51B 1.62B 2.78B 5.48B
Other Current Liabilities 7.74M 13.74M 15.38M 10.12M
Total Assets 2.65B 1.86B 3.14B 6.02B
Common Stock 100.03M 100.03M 100.03M 100.03M
Other Current Assets 19.42M 43.31M 66.78M 12.76M
Retained Earnings 349.91M 330.1M 202.1M
Treasury Stock 2.06B 1.19B 2.48B 5.38B
Cash 132.82M 72.49M 66.83M 51.21M
Total Current Liabilities 100.23M 198.14M 325.93M 320.6M
Other Stockholder Equity 2.06B 1.19B 2.48B 5.38B
Property, Plant, and Equipment 25.94M 28.66M 472.84M 468.52M
Total Current Assets 433.97M 488.44M 446.31M 290.35M
Net Tangible Assets 2.51B 1.62B 2.78B 5.48B
Net Receivables 147.95M 167.21M 156.17M 69.14M
Accounts Payable 52.33M 97.91M 91.1M 104.19M


Insider Transactions

Here are the insider transactions of stock shares related to PALASH SECURITIES:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Shekhar Family TrustAcquisition at price 1.35 per share.D2022-05-24Promoter3.88k
Shekhar Family TrustAcquisition at price 1.30 per share.D2022-05-20Promoter2.92k
Shekhar Family TrustAcquisition at price 1.28 per share.D2022-05-18Promoter560
Shekhar Family TrustAcquisition at price 1.45 per share.D2022-03-25Promoter3.07k
Shekhar Family TrustAcquisition at price 1.42 per share.D2022-03-24Promoter3.52k
Shekhar Family TrustAcquisition at price 1.34 per share.D2022-03-09Promoter860
Shekhar Family TrustAcquisition at price 1.24 per share.D2022-02-25Promoter2.23k
Shekhar Family TrustAcquisition at price 1.22 per share.D2022-02-24Institution- Corporation35.81k
Nopany (Nandini)Acquisition at price 1.19 per share.D2021-12-27Promoter258
Shruti Family TrustD2021-12-23Institution- Corporation258
Ganges Securities, Ltd.Other at price 0.00 per share.D2021-12-10Promoter1.28M
Sonali Commercial LtdAcquisition at price 0.93 per share.D2021-08-23Promoter43.18k
Sonali Commercial LtdAcquisition at price 0.94 per share.D2021-08-18Promoter6.82k
Deepshikha Trading Co Pvt LtdAcquisition at price 0.60 per share.D2021-03-04Promoter1.19k
Deepshikha Trading Co Pvt LtdAcquisition at price 0.60 per share.D2021-03-03Promoter23.42k
Sonali Commercial LtdAcquisition at price 0.60 per share.D2021-03-02Promoter8.69k
Sonali Commercial LtdAcquisition at price 0.60 per share.D2021-02-26Promoter34.06k
Sonali Commercial LtdAcquisition at price 0.61 per share.D2021-02-24Promoter46.61k
Sonali Commercial LtdAcquisition at price 0.60 per share.D2021-02-22Promoter2.71k
Sonali Commercial LtdAcquisition at price 0.60 per share.D2021-02-18Promoter19.27k
Sonali Commercial LtdAcquisition at price 0.57 per share.D2020-12-15Promoter492
Sonali Commercial LtdD2020-12-11Promoter3.47k
Sonali Commercial LtdAcquisition at price 0.56 per share.D2020-12-10Promoter5.71k
Sonali Commercial LtdAcquisition at price 0.43 per share.D2020-11-19Promoter52
Sonali Commercial LtdAcquisition at price 0.41 per share.D2020-11-18Promoter3.94k
Sonali Commercial LtdD2020-03-20Promoter78.92k
Sonali Commercial LtdD2020-03-19Promoter19.8k
Deepshikha Trading Co Pvt LtdD2020-03-18Promoter93.76k
Sonali Commercial LtdD2020-03-18Promoter31.28k
Deepshikha Trading Co Pvt LtdD2020-03-17Promoter2.21k
Deepshikha Trading Co Pvt LtdD2020-03-13Promoter9.03k
Deepshikha Trading Co Pvt LtdD2018-05-09Promoter381.35k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to PALASH SECURITIES. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on PALASH SECURITIES

Here is the result of two systematic investment strategies applied to PALASH SECURITIES. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on PALASH SECURITIES

The following chart shows the equity curve of the two systematic investment strategies applied to PALASH SECURITIES:

PALASH SECURITIES automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 150.37% on the backtest period.

Performance at glance

Performance

150.37 %

Latent gain

3278.9 ₹

Invested capital

2180.5 ₹

Annualized return

35.13 %
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Momentum strategy results on PALASH SECURITIES

This is the result of two momentum investment strategies applied to PALASH SECURITIES. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on PALASH SECURITIES

The following chart shows all the entries opened by the momentum investment system on PALASH SECURITIES:

PALASH SECURITIES momentum entries
  • The first momentum investment strategy would give 156.72% of return on PALASH SECURITIES. That represents 8764.05₹ of latent gain with 5592.15₹ of employed capital.
  • The second momentum investment strategy would give 148.55% of return on PALASH SECURITIES. That represents 6586.3₹ of latent gain with 4433.6₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

156.72 %

Latent gain

8764.05 ₹

Invested capital

5592.15 ₹

Annualized return

-0.07 %
Performance at glance (2Q Momentum)

Performance

148.55 %

Latent gain

6586.3 ₹

Invested capital

4433.6 ₹

Annualized return

39.09 %

Momentum equity curve on PALASH SECURITIES

The following chart shows the equity curve of the two momentum strategies applied to PALASH SECURITIES:

PALASH SECURITIES momentum equity

Note: the dividends potentially given by PALASH SECURITIES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PALASH SECURITIES

The following chart shows the employed capital evolution of the two momentum strategies on PALASH SECURITIES since the beginning:

PALASH SECURITIES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on PALASH SECURITIES

Buy the dip entry openings on PALASH SECURITIES

PALASH SECURITIES

The performance achieved by the robo-advisor on PALASH SECURITIES is -0.15%. That represents -0.3$ of latent gain with 202.5₹ of employed capital. The following chart shows PALASH SECURITIES stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of PALASH SECURITIES, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-0.15 %

Latent gain

-0.3 ₹

Invested capital

202.5 ₹

Annualized return

-0.07 %

Equity curve of the strategy applied to PALASH SECURITIES

The following chart shows the result of the investment strategy applied to PALASH SECURITIES:

PALASH SECURITIES

Note: the dividends potentially given by PALASH SECURITIES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on PALASH SECURITIES

The following chart shows the employed capital evolution since the beginning of the investment strategy on PALASH SECURITIES:

PALASH SECURITIES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on PALASH SECURITIES

In this section, I will compare the three previous investment strategies applied to PALASH SECURITIES.

Equity curve comparison on PALASH SECURITIES

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

PALASH SECURITIES investment strategy comparison

Employed capital comparison on PALASH SECURITIES

PALASH SECURITIES investment comparison

Performance comparison on PALASH SECURITIES

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 150.37% 3278.9₹ 2180.5₹ 35.13%
Momentum 1 quarter 156.72% 8764.05₹ 5592.15₹ 38.79%
Momentum 2 quarters 148.55% 6586.3₹ 4433.6₹ 39.09%
Non-directional -0.15% -0.3₹ 202.5₹ -0.07%
Annualized return comparison

Automatic investment

35.13 %

Momentum 1Q

39.09 %

Momentum 2Q

39.09 %

Non-directional

-0.07 %

Correlated stocks

Here are the most positively and negatively correlated stocks with PALASH SECURITIES:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between PALASH SECURITIES and the other stocks. There may be false positives or some missing correlated stocks. If the price of PALASH SECURITIES does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name PALASH SECURITIES
Country India
City Kolkata
Address Birla Building
Phone 91 33 2243 0497
Website www.birla-sugar.com/Our-Companies/About-Us-PALASH-SECURITIES-LIMITED
FullTime employees
Industry Packaged Foods
Sector Consumer Defensive
Exchange XNSE
Ticker PALASHSECU.XNSE
Market

PALASH SECURITIES ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown