BSE:538708

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with questionable track record.

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

Stable Share Price: 538708's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.0%

538708

1.1%

IN Capital Markets

1.6%

IN Market


1 Year Return

-21.7%

538708

-2.1%

IN Capital Markets

2.4%

IN Market

Return vs Industry: 538708 underperformed the Indian Capital Markets industry which returned -2.1% over the past year.

Return vs Market: 538708 underperformed the Indian Market which returned 2.4% over the past year.


Shareholder returns

538708IndustryMarket
7 Day5.0%1.1%1.6%
30 Day-9.1%2.7%4.2%
90 Day18.9%-0.2%7.3%
1 Year-21.7%-21.7%-0.6%-2.1%4.2%2.4%
3 Year16.1%16.1%-36.7%-39.1%-1.5%-6.2%
5 Year-87.9%-87.9%42.0%31.2%40.4%30.0%

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?

20.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: 538708 is poor value based on its PE Ratio (20.4x) compared to the IN Capital Markets industry average (17.1x).

PE vs Market: 538708 is poor value based on its PE Ratio (20.4x) compared to the Indian market (16.4x).


Price to Earnings Growth Ratio

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?

18.9%

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

-14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 538708 has high quality earnings.

Growing Profit Margin: 538708 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 538708's earnings have declined by 14.3% per year over the past 5 years.

Accelerating Growth: 538708 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 538708 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-6.2%).


Return on Equity

High ROE: 538708's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Econo Trade (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 538708's short term assets (₹371.8M) exceed its short term liabilities (₹8.7M).

Long Term Liabilities: 538708 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 538708 is debt free.

Reducing Debt: 538708 had no debt 5 years ago.

Debt Coverage: 538708 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 538708 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate 538708'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 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

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

2.2yrs

Average board tenure


CEO

Shekh Kasambhai (59 yo)

0.083

Tenure

Mrs. Shekh Hasina Kasambhai has been Whole-time Director of Econo Trade (India) Ltd since July 21, 2018. Mrs. Kasambhai serves as Managing Director at Econo Trade (India) Ltd. since September 28, 2020.


Board Members

NamePositionTenureCompensationOwnership
Shekh Kasambhai
MD & Whole-time Director0.083yrno data7.59%
₹ 6.2m
Lrfan Belim
Non-Executive Independent Director7.83yrsno datano data
Panchal Kirtikumar
Non-Executive Independent Director2.08yrsno datano data
Jyoti Kantariya
Non-Executive Independent Director1.08yrsno datano data

2.2yrs

Average Tenure

Experienced Board: 538708's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

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: ₹82.146m
  • 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 Analysis2020/10/23 12:36
End of Day Share Price2020/10/23 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.