BSE:538708

Stock Analysis Report

Executive Summary

Econo Trade (India) Limited operates as a non-banking financial company in India.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Econo Trade (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-9.7%

538708

4.1%

IN Capital Markets

3.2%

IN Market


1 Year Return

-23.8%

538708

-25.1%

IN Capital Markets

5.6%

IN Market

Return vs Industry: 538708 exceeded the Indian Capital Markets industry which returned -25.1% over the past year.

Return vs Market: 538708 underperformed the Indian Market which returned 5.6% over the past year.


Shareholder returns

538708IndustryMarket
7 Day-9.7%4.1%3.2%
30 Day-22.8%-1.9%6.0%
90 Day-48.0%-14.6%2.0%
1 Year-23.8%-23.8%-23.9%-25.1%7.8%5.6%
3 Year-88.9%-88.9%-19.6%-22.4%22.6%16.3%
5 Year-98.1%-98.1%9.8%3.2%43.1%29.6%

Price Volatility Vs. Market

How volatile is Econo Trade (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Econo Trade (India) undervalued compared to its fair value and its price relative to the market?

0.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 538708's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 538708's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 538708 is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: 538708 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 538708's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 538708 is good value based on its PB Ratio (0.2x) compared to the IN Capital Markets industry average (0.5x).


Next Steps

Future Growth

How is Econo Trade (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 538708 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 538708 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 538708 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 538708's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 538708's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 538708's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Econo Trade (India) performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 538708 is unprofitable, but has reduced losses over the past 5 years at a rate of 11.2% per year.

Accelerating Growth: Unable to compare 538708's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 538708 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-17.8%).


Return on Equity

High ROE: 538708 has a negative Return on Equity (-2.44%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 538708 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 538708 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Econo Trade (India)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 538708 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 538708's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: 538708's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 538708 has a sufficient allowance for bad loans.

Low Risk Liabilities: 538708 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 538708 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 538708 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 538708 has an appropriate level of bad loans.


Next Steps

Dividend

What is Econo Trade (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 538708's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 538708's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 538708's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 538708'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 538708's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Econo Trade (India)'s salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average board tenure


CEO

Kasambhai Shekh (61yo)

1.3yrs

Tenure

0

Mr. Kasambhai Umarbhai Shekh has been Managing Director of Econo Trade (India) Ltd. since July 21, 2018. 


Board Age and Tenure

1.2yrs

Average Tenure

58yo

Average Age

Experienced Board: 538708's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Siddharth Sharma

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
  • Navinchandra Kothari

    Chief Financial Officer

    • Tenure: 1.8yrs
  • Kasambhai Shekh (61yo)

    MD & Executive Director

    • Tenure: 1.3yrs
  • Shekh Kasambhai (58yo)

    Whole-time Director

    • Tenure: 1.3yrs

Board Members

  • lrfan Belim (40yo)

    Non-Executive Independent Director

    • Tenure: 6.8yrs
  • Kasambhai Shekh (61yo)

    MD & Executive Director

    • Tenure: 1.3yrs
  • Shekh Kasambhai (58yo)

    Whole-time Director

    • Tenure: 1.3yrs
  • Panchal Kirtikumar

    Non-Executive Independent Director

    • Tenure: 1.1yrs
  • Ashvinbhai Solanki

    Independent Director

    • Tenure: 0.4yrs
  • Jyoti Kantariya

    Non-Executive Independent Director

    • Tenure: 0.2yrs

Company Information

Econo Trade (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Econo Trade (India) Limited
  • Ticker: 538708
  • Exchange: BSE
  • Founded: 1982
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹86.814m
  • Shares outstanding: 18.67m
  • Website: https://www.econo.in

Number of Employees


Location

  • Econo Trade (India) Limited
  • 9/12 Lal Bazaar Street
  • 3rd Floor
  • Kolkata
  • West Bengal
  • 700001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
538708BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2014

Biography

Econo Trade (India) Limited operates as a non-banking financial company in India. The company invests and trades in shares and securities. It also offers corporate and personal loans. Econo Trade (India) L ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:48
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.