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Khandwala Securities Ltd.

BSE: 531892 Sector: Financials
NSE: KHANDSE ISIN Code: INE060B01014
BSE 00:00 | 13 Feb 12.00 0
(0.00%)
OPEN

11.00

HIGH

12.00

LOW

11.00

NSE 00:00 | 18 Feb 13.90 0
(0.00%)
OPEN

13.90

HIGH

13.90

LOW

13.90

OPEN 11.00
PREVIOUS CLOSE 12.00
VOLUME 211
52-Week high 18.50
52-Week low 11.00
P/E
Mkt Cap.(Rs cr) 14
Buy Price 12.00
Buy Qty 789.00
Sell Price 13.30
Sell Qty 100.00
OPEN 11.00
CLOSE 12.00
VOLUME 211
52-Week high 18.50
52-Week low 11.00
P/E
Mkt Cap.(Rs cr) 14
Buy Price 12.00
Buy Qty 789.00
Sell Price 13.30
Sell Qty 100.00

Khandwala Securities Ltd. (KHANDSE) - Chairman Speech

Company chairman speech

Dear Shareholders

Welcome to our Annual Report for FY19.

Global economic growth in FY19 was powered by emerging markets as the large advancedeconomies witnessed subdued economic activity. Fiscal stimuli helped the US economy expandas tax cuts and spending hikes gave a fillip somewhat negating the effect of theincreasingly protectionist rhetoric on trade. Slower export growth as well as politicaland industrial uncertainties impacted growth in the Euro region. Asia and the Pacificregion continued to stay ahead of the curve as among the world’s fastest growingregions.

India is full of opportunities. A 7% GDP growth rate for the sixth biggest economy inthe world is no small feat. We have all the ingredients needed for sustained growthcompounding significant size strong growth rate and importantly a prolonged period oftime during which this growth will sustain driven by our young demographics. Even thoughthe economy faced headwinds in the form of declining growth of private consumption tepidincrease in fixed investment and muted exports inflation was under check in FY19 mainlydriven by lower food prices and comfortable Current Account Deficit Recovery ofinvestment and consumption a favourable monetary policy and fiscal policy impetus areexpected to aid growth in the coming years with IMF World Economic Outlook reportprojecting India’s growth at 7.3% in CY19 and 7.5% in CY20.

FY19 followed a strong base year for equities witnessed in FY18. We saw competitiveforces intensify and several regulatory changes like restrictions on saving of Aadhaardata and disallowing paymentof upfront MF commission to distributors come in to effect.During the year delivery-based trade saw narrow participation and there was a generalrisk aversion to mid and small capstocks. Primary market activities qualifiedinstitutional transactions and the year.

This year your Company has reported an income of INR 609.83 lacs up 58.95% from lastyear and Profit After Tax of INR 19.11 lacs up 125.45% compared to the previous yearloss. The Return on Equity has been 0.16% for FY19 to (0.63)% for FY18. The Company’sNetworth is now INR 2734.25 lacs with a balance sheet size of INR 4747.31 lacs. YourCompany’s future endeavours will be to have a healthy financial performance and asolid balance sheet which will allow us to serve you even better through good times aswell as lean ones. We continue to invest in strategic initiatives to set the pace forlong-term sustainable growth. Aligned with our focus on the life cycle approach and onincreasing customer acquisition and engagement these initiatives were aimed at providingcustomers with bigger and better product choice better pricing proposition andpersonalised offering.

Going forward your Company’s focus is going to be to launch an innovative productfor our retail customers to address their immediate liquidity requirement. To strengthenour focus on balancing pricing with value proposition we will be introducing a newprepaid plan to increase customer participation. For our Private Wealth clients we willalso be launching our proprietary Portfolio Management Services (PMS) products for the HNIclients which besides adding a new revenue stream to your Company will also mark ourentry into the financial products manufacturing space.

The current slowdown is nowhere a reflection of India’s long-term potential whichcontinues to be very optimistic. The greatest challenge during such a slow phase is notjust figuring out ways to ease the pain of the slowdown but also having the faith to trustin the long-term. In the long-term we continue to be highly optimistic of the path anddirection that the Indian economy is taking. The renewed majority of the reforms-orientedGovernment is a highly positive development. We now eagerly wait for the second wave ofreforms. While global headwinds may continue the domestic tailwinds are powerful enoughto ensure that we make strong progress over the next few years. Like I relentlessly sayIndia is full of opportunity. The progressive Government and regulatory policies in recentyears have only added to this opportunity size. It is the new India that is rising - anIndia which can hold its own in the global arena.

In closing I would like to thank all of you investors customers partnersassociates regulators employees and all other stakeholders for your continued supportand trust. We remain committed to sustain this trust through determined and dedicatedefforts to create greater value for you.

With best wishes

Sincerely

Bhagyashree Khandwala

Executive Director & CFO

May 25 2019