BSE:531652

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Thirdwave Financial Intermediaries

Executive Summary

Thirdwave Financial Intermediaries Limited engages in the capital market activities. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

-1.8%

531652

2.9%

IN Capital Markets

0.9%

IN Market


1 Year Return

-6.2%

531652

3.9%

IN Capital Markets

1.9%

IN Market

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.


Shareholder returns

531652IndustryMarket
7 Day-1.8%2.9%0.9%
30 Day-8.6%-5.9%-3.1%
90 Day108.1%3.9%8.8%
1 Year-6.2%-6.2%5.5%3.9%3.8%1.9%
3 Yearn/a-32.5%-35.1%2.5%-2.4%
5 Year203.2%203.2%46.9%35.7%36.9%26.7%

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

Valuation

Is Thirdwave Financial Intermediaries undervalued compared to its fair value and its price relative to the market?

24.85x

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).


Next Steps

Future Growth

How is Thirdwave Financial Intermediaries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.1%

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.


Next Steps

Past Performance

How has Thirdwave Financial Intermediaries performed over the past 5 years?

65.5%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Vinay Agarwal (55 yo)

2.25yrs

Tenure

₹900,000

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Vinay Agarwal
Chairman & MD2.25yrs₹900.00kno data
Samir Chakraborty
Chief Financial Officer5.42yrs₹96.00kno data
Nidhi Jasrasaria
Compliance Officer & Company Secretary1.92yrs₹120.00kno data

2.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 531652's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vinay Agarwal
Chairman & MD2.25yrs₹900.00kno data
Suman Agarwal
Director6yrs₹30.00kno data
Sujit Sarkar
Independent Director4.75yrs₹30.00kno data
Sandeep Kedia
Independent Non-Executive Director1.08yrs₹15.00kno data

3.5yrs

Average Tenure

50yo

Average Age

Experienced Board: 531652's board of directors are considered experienced (3.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thirdwave Financial Intermediaries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Thirdwave Financial Intermediaries Limited
  • 601 Ambuja Neotia Ecocentre
  • EM-4
  • Kolkata
  • West Bengal
  • 700091
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531652BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2014

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 12:51
End of Day Share Price2020/09/29 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.