New Risk • Aug 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (82% accrual ratio). Revenue is less than US$1m (₹25m revenue, or US$260k). Market cap is less than US$10m (₹677.2m market cap, or US$7.10m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹14.30, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 27x in the Capital Markets industry in India. Total returns to shareholders of 2,031% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹16.95, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 28x in the Capital Markets industry in India. Total returns to shareholders of 2,430% over the past three years. Reported Earnings • Apr 18
Full year 2026 earnings released: EPS: ₹0.40 (vs ₹0.38 in FY 2025) Full year 2026 results: EPS: ₹0.40 (up from ₹0.38 in FY 2025). Revenue: ₹24.8m (up 26% from FY 2025). Net income: ₹15.5m (up 22% from FY 2025). Profit margin: 63% (down from 65% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 190% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 14
Bridge Securities Limited to Report Q4, 2026 Results on Apr 17, 2026 Bridge Securities Limited announced that they will report Q4, 2026 results on Apr 17, 2026 Recent Insider Transactions • Mar 15
MD & Director recently sold ₹1.5m worth of stock On the 11th of March, Harshad Panchal sold around 126k shares on-market at roughly ₹11.90 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Harshad has been a net seller over the last 12 months, reducing personal holdings by ₹14m. New Risk • Jan 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹14m revenue, or US$155k). Market cap is less than US$10m (₹509.7m market cap, or US$5.56m). Minor Risks Profit margins are more than 30% lower than last year (48% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Jan 25
Third quarter 2026 earnings released: EPS: ₹0.08 (vs ₹0.22 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.08 (down from ₹0.22 in 3Q 2025). Revenue: ₹4.23m (down 44% from 3Q 2025). Net income: ₹3.25m (down 55% from 3Q 2025). Profit margin: 77% (down from 97% in 3Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 158% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
Bridge Securities Limited to Report Q3, 2026 Results on Jan 24, 2026 Bridge Securities Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 24, 2026 Announcement • Nov 03
Bridge Securities Limited to Report Q2, 2026 Results on Nov 07, 2025 Bridge Securities Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 07, 2025 Recent Insider Transactions • Sep 28
MD & Director recently sold ₹2.2m worth of stock On the 25th of September, Harshad Panchal sold around 156k shares on-market at roughly ₹14.16 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹5.5m. Harshad has been a net seller over the last 12 months, reducing personal holdings by ₹13m. Announcement • Sep 23
Bridge Securities Limited announced that it expects to receive INR 28.99913 million in funding from Keyventure Enterprises Private Limited Bridge Securities Limited announces private placement with Keyventure Enterprises Private Limited 5,263,000 Convertible Warrant at a price of INR 5.51 for gross proceeds of INR 28,999,130 under its second tranche on September 22, 2025. Recent Insider Transactions • Sep 14
MD & Director recently sold ₹5.5m worth of stock On the 11th of September, Harshad Panchal sold around 388k shares on-market at roughly ₹14.28 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Harshad's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹13.81, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 23x in the Capital Markets industry in India. Total returns to shareholders of 1,321% over the past three years. Recent Insider Transactions • Aug 28
Independent Director recently sold ₹1.0m worth of stock On the 22nd of August, Urvi Shah sold around 94k shares on-market at roughly ₹11.01 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Aug 04
Bridge Securities Limited, Annual General Meeting, Aug 26, 2025 Bridge Securities Limited, Annual General Meeting, Aug 26, 2025, at 14:00 Indian Standard Time. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: ₹0.13 (vs ₹0.008 in 1Q 2025) First quarter 2026 results: EPS: ₹0.13 (up from ₹0.008 in 1Q 2025). Revenue: ₹5.05m (up 386% from 1Q 2025). Net income: ₹4.45m (up ₹4.17m from 1Q 2025). Profit margin: 88% (up from 27% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 22
Bridge Securities Limited to Report Q1, 2026 Results on Jul 25, 2025 Bridge Securities Limited announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: ₹0.38 (vs ₹0.15 in FY 2024) Full year 2025 results: EPS: ₹0.38 (up from ₹0.15 in FY 2024). Revenue: ₹19.8m (up 147% from FY 2024). Net income: ₹12.7m (up 147% from FY 2024). Profit margin: 65% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 100% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Bridge Securities Limited to Report Q4, 2025 Results on Apr 25, 2025 Bridge Securities Limited announced that they will report Q4, 2025 results on Apr 25, 2025 Announcement • Mar 25
Bridge Securities Limited Announces Resignation of Yogendra Baldevbhai Prajapati as Chief Financial Officer Bridge Securities Limited announced that Mr. Yogendra Baldevbhai Prajapati has resigned from the Post of Chief Financial officer of the Company due to Personal Reason effective from 24th March, 2025. Reported Earnings • Jan 21
Third quarter 2025 earnings released: EPS: ₹0.22 (vs ₹0.058 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.22 (up from ₹0.058 in 3Q 2024). Revenue: ₹7.52m (up 225% from 3Q 2024). Net income: ₹7.26m (up 273% from 3Q 2024). Profit margin: 97% (up from 84% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
Bridge Securities Limited to Report Q3, 2025 Results on Jan 20, 2025 Bridge Securities Limited announced that they will report Q3, 2025 results on Jan 20, 2025 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹12.16, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 431% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹6.62, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 24x in the Capital Markets industry in India. Total returns to shareholders of 51% over the past three years. Reported Earnings • Oct 23
Second quarter 2025 earnings released: EPS: ₹0.30 (vs ₹0.003 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.30 (up from ₹0.003 in 2Q 2024). Revenue: ₹10.5m (up ₹9.09m from 2Q 2024). Net income: ₹10.0m (up ₹9.93m from 2Q 2024). Profit margin: 95% (up from 7.6% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Announcement • Oct 17
Bridge Securities Limited to Report Q2, 2025 Results on Oct 22, 2024 Bridge Securities Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Board Change • Sep 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. MD & Director Harshad Panchal is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 12
Bridge Securities Limited, Annual General Meeting, Sep 28, 2024 Bridge Securities Limited, Annual General Meeting, Sep 28, 2024, at 15:00 Indian Standard Time. Announcement • Sep 06
Bridge Securities Limited announced a financing transaction Bridge Securities Limited announced a private placement of convertible equity warrants on September 4, 2024. The warrants will be issued on preferential basis. The transaction will include participation from new investor, Keyventure Enterprises Private Limited. The transaction has been approved by the shareholders of the company. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹4.36, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Capital Markets industry in India. Total loss to shareholders of 8.2% over the past three years. Reported Earnings • Jul 21
First quarter 2025 earnings released: EPS: ₹0.08 (vs ₹0.013 in 1Q 2024) First quarter 2025 results: EPS: ₹0.08. Revenue: ₹1.04m (up 2.0% from 1Q 2024). Net income: ₹283.0k (down 33% from 1Q 2024). Profit margin: 27% (down from 41% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Jul 16
Bridge Securities Limited to Report Q1, 2025 Results on Jul 20, 2024 Bridge Securities Limited announced that they will report Q1, 2025 results on Jul 20, 2024 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹28.63, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 22x in the Capital Markets industry in India. Total returns to shareholders of 163% over the past three years. Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹1.54 (vs ₹2.03 loss in FY 2023) Full year 2024 results: EPS: ₹1.54 (up from ₹2.03 loss in FY 2023). Revenue: ₹8.00m (down 17% from FY 2023). Net income: ₹5.17m (up ₹12.0m from FY 2023). Profit margin: 65% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Announcement • May 07
Bridge Securities Limited to Report Q4, 2024 Results on May 11, 2024 Bridge Securities Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on May 11, 2024 Announcement • Apr 30
Bridge Securities Limited Announces Resignation of Vishal Pragneshbhai Shah as Director Bridge Securities Limited informed that Mr. Vishal Pragneshbhai Shah (DIN:08043698) has resigned as Director of the Company with effect from April 29, 2024. Announcement • Apr 29
Bridge Securities Limited Announces Resignation of Harshad Amrutlal Panchal as Chief Financial Officer Bridge Securities Limited announced that at the board meeting held on April 27, 2024, the board approved resignation of Mr. Harshad Amrutlal Panchal from the post of Chief Financial Officer of the Company with effect from April 27, 2024. Reason is due to pre-occupation elsewhere. Reported Earnings • Feb 07
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ₹0.58. Revenue: ₹2.31m (down 31% from 3Q 2023). Net income: ₹1.95m (up ₹3.60m from 3Q 2023). Profit margin: 84% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Bridge Securities Limited Announces Board Changes, Effective September 23, 2024 Bridge Securities Limited announced that Mr. Hemant Pravinchandra and Ms. Jayshreeben shah has resigned as an Independent Director of the Company with effect from 23 September, 2024. Reason for resignation: Due to pre-occupation elsewhere. Announcement • Feb 01
Bridge Securities Limited to Report Q3, 2024 Results on Feb 06, 2024 Bridge Securities Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Oct 27
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₹1.45m (down 45% from 2Q 2023). Net income: ₹110.0k (up ₹350.0k from 2Q 2023). Profit margin: 7.6% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 17
Bridge Securities Limited to Report Q2, 2024 Results on Oct 25, 2023 Bridge Securities Limited announced that they will report Q2, 2024 results on Oct 25, 2023 Announcement • Sep 25
Bridge Securities Limited Announces CFO Changes Bridge Securities Limited at its board meeting held on Sep. 23, 2023 approved the appointment of Mr. Harshad Amrutlal Panchal as Chief Financial Officer of the Company effective 23rd September, 2023 and Resignation of Mr. Rajan Bharatkumar Shah from the post of Chief Financial Officer of the Company effective 23rd September, 2023. Announcement • Sep 24
Bridge Securities Limited Announces Board Changes Bridge Securities Limited at its board meeting held on Sep. 23, 2023 approved the appointment of Mr. Ashvinkumar Babulal Thakkar (DIN: 10330482) as an Additional Independent Director of the Company effective 23rd September, 2023. Appointment of Ms. Shah Urvi Rajnikant (DIN: 10329378) as an Additional Independent Director of the Company effective 23rd September, 2023. Resignation of Mr. Hemant Pravinchandra Shah from the post of Independent Director of the Company effective 23rd September, 2023. Resignation of Ms. Jayshreeben Hemantbhai Shah from the post of Independent Director of the Company effective 23rd September, 2023. Announcement • Aug 03
Bridge Securities Limited to Report Q1, 2024 Results on Aug 09, 2023 Bridge Securities Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • Jul 23
Bridge Securities Limited Announces Director Resignations Bridge Securities Limited announced the Resignation of Mr. Dashrathbhai Prahladbhai Thakkar (DIN: 00195113) from the position of Independent Director of the Company, due to his other business commitments and pre- occupation, with effect from 21st July, 2023 after close of business hours. Also announced Resignation of Mr. Pragnesh Ratilal Shah (DIN: 00144888) from the position of Managing Director & Director of the Company, due to advancement of age and other health reasons, with effect from 21st July, 2023 after close of business hours. Reported Earnings • Jul 15
Full year 2023 earnings released: ₹2.03 loss per share (vs ₹2.68 loss in FY 2022) Full year 2023 results: ₹2.03 loss per share (improved from ₹2.68 loss in FY 2022). Revenue: ₹9.66m (down 64% from FY 2022). Net loss: ₹6.82m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 14
Bridge Securities Limited, Annual General Meeting, Aug 05, 2023 Bridge Securities Limited, Annual General Meeting, Aug 05, 2023, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2023 and Statement of Profit and Loss together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date, and the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mr. Pragnesh R. Shah; to To appoint M/s. Mitali Modi & Co., Chartered Accountants as the Statutory Auditor of the Company; to approve Borrowing Limits under Section 180 (1) (C) of the Companies Act, 2013; and to consider other matter. Reported Earnings • May 24
Full year 2023 earnings released Full year 2023 results: Revenue: ₹9.66m (down 64% from FY 2022). Net loss: ₹6.82m (loss narrowed 24% from FY 2022). Announcement • May 19
Bridge Securities Limited to Report Q4, 2023 Results on May 22, 2023 Bridge Securities Limited announced that they will report Q4, 2023 results on May 22, 2023 Reported Earnings • Feb 07
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹3.37m (down 67% from 3Q 2022). Net loss: ₹1.66m (loss narrowed 75% from 3Q 2022). Announcement • Jan 31
Bridge Securities Limited to Report Q3, 2023 Results on Feb 06, 2023 Bridge Securities Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Executive Director Vishal Shah was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₹2.63m (up 9.3% from 2Q 2022). Net loss: ₹240.0k (down 125% from profit in 2Q 2022). Announcement • Aug 24
Bridge Securities Limited, Annual General Meeting, Sep 22, 2022 Bridge Securities Limited, Annual General Meeting, Sep 22, 2022, at 16:00 Indian Standard Time. Reported Earnings • Aug 17
First quarter 2023 earnings released: ₹0.27 loss per share (vs ₹0.85 profit in 1Q 2022) First quarter 2023 results: ₹0.27 loss per share (down from ₹0.85 profit in 1Q 2022). Revenue: ₹372.0k (down 92% from 1Q 2022). Net loss: ₹895.0k (down 131% from profit in 1Q 2022). Announcement • Aug 08
Bridge Securities Limited to Report Q1, 2023 Results on Aug 12, 2022 Bridge Securities Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 28
Full year 2022 earnings released: ₹2.68 loss per share (vs ₹3.76 profit in FY 2021) Full year 2022 results: ₹2.68 loss per share (down from ₹3.76 profit in FY 2021). Revenue: ₹26.7m (up 25% from FY 2021). Net loss: ₹9.01m (down 172% from profit in FY 2021). Announcement • May 19
Bridge Securities Limited to Report Q4, 2022 Results on May 26, 2022 Bridge Securities Limited announced that they will report Q4, 2022 results on May 26, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹9.21, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 102% over the past year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Executive Director Vishal Shah was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹13.54, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 20% share price gain to ₹16.89, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹15.45, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹19.90, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹32.25, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 223% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹48.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 15x in the Capital Markets industry in India. Total returns to shareholders of 385% over the past three years. Recent Insider Transactions • Nov 30
Executive Director recently sold ₹12m worth of stock On the 26th of November, Vishal Shah sold around 189k shares on-market at roughly ₹62.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹24m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 23% share price gain to ₹48.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 362% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹45.95, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 19x in the Capital Markets industry in India. Total returns to shareholders of 360% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 21% share price gain to ₹44.75, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 326% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹47.50, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Capital Markets industry in India. Total returns to shareholders of 352% over the past three years. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS ₹0.85 (vs ₹0.86 in 1Q 2021) The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2022 results: Revenue: ₹4.77m (up 89% from 1Q 2021). Net income: ₹2.86m (flat on 1Q 2021). Profit margin: 60% (down from 114% in 1Q 2021). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 44% per year. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 27% share price gain to ₹15.92, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 17x in the Capital Markets industry in India. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 16% share price gain to ₹8.09, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 16x in the Capital Markets industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 15% share price gain to ₹4.77, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 13x in the Capital Markets industry in India. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹4.72, the stock is trading at a trailing P/E ratio of 8.3x, down from the previous P/E ratio of 10x. This compares to an average P/E of 13x in the Capital Markets industry in India. Total return to shareholders over the past three years is a loss of 52%. Is New 90 Day High Low • Feb 11
New 90-day low: ₹5.45 The company is down 47% from its price of ₹10.25 on 13 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 19% over the same period. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹2.24 (vs ₹1.15 loss in 3Q 2020) Third quarter 2021 results: Revenue: ₹6.75m (up 2.8% from 3Q 2020). Net income: ₹7.54m (up ₹11.4m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Jan 25
Bridge Securities Limited to Report Q3, 2021 Results on Feb 02, 2021 Bridge Securities Limited announced that they will report Q3, 2021 results on Feb 02, 2021 Is New 90 Day High Low • Jan 19
New 90-day low: ₹6.91 The company is down 9.0% from its price of ₹7.59 on 21 October 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 22% over the same period. Reported Earnings • Nov 30
Second quarter 2021 earnings released: ₹0.31 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹2.75m (up 7.5% from 2Q 2020). Net loss: ₹1.05m (loss widened 42% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 120% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Nov 29
Bridge Securities Limited, Annual General Meeting, Dec 21, 2020 Bridge Securities Limited, Annual General Meeting, Dec 21, 2020, at 13:30 Indian Standard Time. Location: 17, Suhas Nagar Society, Nr. Dinesh Hall, Ashram Road Ahemdabad India Agenda: To receive, consider and adopt the audited financial statements for the financial year ended March 31, 2020 and the reports of directors and auditors thereon; to appoint and re-appointment of directors; to appoint auditors of the company; and to consider any other matters. Announcement • Oct 31
Bridge Securities Limited to Report Q2, 2021 Results on Nov 06, 2020 Bridge Securities Limited announced that they will report Q2, 2021 results on Nov 06, 2020 Is New 90 Day High Low • Oct 23
New 90-day high: ₹8.30 The company is up 62% from its price of ₹5.13 on 21 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is flat over the same period. 
