Thirdwave Financial Intermediaries Limited engages in the capital market activities. More Details
Flawless balance sheet with questionable track record.
Share Price & News
How has Thirdwave Financial Intermediaries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 531652's share price has been volatile over the past 3 months.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
Return vs Industry: 531652 underperformed the Indian Capital Markets industry which returned 2.8% over the past year.
Return vs Market: 531652 underperformed the Indian Market which returned 0.9% over the past year.
Price Volatility Vs. Market
How volatile is Thirdwave Financial Intermediaries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Thirdwave Financial Intermediaries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 531652 (₹27.2) is trading above our estimate of fair value (₹1.67)
Significantly Below Fair Value: 531652 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 531652 is poor value based on its PE Ratio (24.9x) compared to the IN Capital Markets industry average (17.5x).
PE vs Market: 531652 is poor value based on its PE Ratio (24.9x) compared to the Indian market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 531652's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 531652 is overvalued based on its PB Ratio (4.1x) compared to the IN Capital Markets industry average (0.5x).
How is Thirdwave Financial Intermediaries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thirdwave Financial Intermediaries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Thirdwave Financial Intermediaries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Thirdwave Financial Intermediaries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Thirdwave Financial Intermediaries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 531652 has high quality earnings.
Growing Profit Margin: 531652's current net profit margins (5.4%) are lower than last year (25.2%).
Past Earnings Growth Analysis
Earnings Trend: 531652 has become profitable over the past 5 years, growing earnings by 65.5% per year.
Accelerating Growth: 531652's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 531652 had negative earnings growth (-46.5%) over the past year, making it difficult to compare to the Capital Markets industry average (-7.1%).
Return on Equity
High ROE: 531652's Return on Equity (16.5%) is considered low.
How is Thirdwave Financial Intermediaries's financial position?
Financial Position Analysis
Short Term Liabilities: 531652's short term assets (₹15.9M) exceed its short term liabilities (₹1.2M).
Long Term Liabilities: 531652 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 531652 is debt free.
Reducing Debt: 531652 had no debt 5 years ago.
Debt Coverage: 531652 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 531652 has no debt, therefore coverage of interest payments is not a concern.
What is Thirdwave Financial Intermediaries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 531652's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 531652's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 531652's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 531652's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 531652's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vinay Agarwal (55 yo)
Mr. Vinay Kumar Agarwal serves as the Managing Director and Chairman of the Board of Thirdwave Financial Intermediaries Limited since June 1, 2018. Mr. Agarwal has been Non Executive Director of Thirdwave ...
CEO Compensation Analysis
Compensation vs Market: Vinay's total compensation ($USD12.19K) is below average for companies of similar size in the Indian market ($USD48.88K).
Compensation vs Earnings: Vinay's compensation has been consistent with company performance over the past year.
|Chairman & MD||2.25yrs||₹900.00k||no data|
|Chief Financial Officer||5.42yrs||₹96.00k||no data|
|Compliance Officer & Company Secretary||1.92yrs||₹120.00k||no data|
Experienced Management: 531652's management team is considered experienced (2.3 years average tenure).
|Chairman & MD||2.25yrs||₹900.00k||no data|
|Independent Director||4.75yrs||₹30.00k||no data|
|Independent Non-Executive Director||1.08yrs||₹15.00k||no data|
Experienced Board: 531652's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Thirdwave Financial Intermediaries Limited's company bio, employee growth, exchange listings and data sources
- Name: Thirdwave Financial Intermediaries Limited
- Ticker: 531652
- Exchange: BSE
- Founded: 1989
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: ₹61.151m
- Shares outstanding: 2.21m
- Website: https://www.twfil.com
- Thirdwave Financial Intermediaries Limited
- 601 Ambuja Neotia Ecocentre
- West Bengal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|531652||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Feb 2014|
Thirdwave Financial Intermediaries Limited engages in the capital market activities. The company trades in shares. It is also involved in the trade of pulses. The company was formerly known as Thirdwave Co ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/29 12:51|
|End of Day Share Price||2020/09/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.