Econo Trade (India) Limited operates as a non-banking financial company in India. More Details
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.
7 Day Return
IN Capital Markets
1 Year Return
IN Capital Markets
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.
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
Is Econo Trade (India) 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: 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).
How is Econo Trade (India) 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 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.
- Examine Econo Trade (India)'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.
- Econo Trade (India) 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 Econo Trade (India) performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shekh Kasambhai (59 yo)
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.
|MD & Whole-time Director||0.083yr||no data||7.59% |
|Non-Executive Independent Director||7.83yrs||no data||no data|
|Non-Executive Independent Director||2.08yrs||no data||no data|
|Non-Executive Independent Director||1.08yrs||no data||no data|
Experienced Board: 538708's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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.
Econo Trade (India) Limited's company bio, employee growth, exchange listings and data sources
- 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
- Econo Trade (India) Limited
- 9/12 Lal Bazaar Street
- 3rd Floor
- West Bengal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|538708||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Oct 2014|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/23 12:36|
|End of Day Share Price||2020/10/23 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.