Joindre Capital Services Ltd.

BSE: JOINDRE · Stockbroking & Allied

52W Range₹40 ₹62

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Snapshot

Unlock Joindre Capital Services Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Joindre Capital Services Limited is a Mumbai-based financial services firm providing stock broking, wealth management, and depository services. It serves both retail and institutional clients through its membership with the BSE and NSE.

Business Model

The company generates revenue primarily through brokerage commissions from equity and derivative trading, alongside fees from mutual fund distribution and investment advisory services. It operates via a network of branches and sub-brokers, supplemented by digital trading platforms.

Growth Outlook

Growth is expected to be driven by the expansion of digital trading platforms and the continued penetration of financial services across its national network of branches. The firm aims to leverage its long-standing presence in the Indian capital markets to capture increased retail participation.

Key Risks

  • Market Volatility. As a stockbroking firm, the company's revenue is highly sensitive to fluctuations in trading volumes and overall market sentiment.
  • Regulatory Risk. Changes in SEBI regulations or compliance requirements for brokers can significantly impact operational costs and business models.
  • Intense Competition. The entry of discount brokers and fintech platforms has compressed brokerage margins and increased pressure to invest in technological infrastructure.
  • Economic Downturn. A slowdown in the Indian economy may lead to reduced investor participation and lower assets under management for wealth advisory services.

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Key Metrics

REVENUE

₹40 Cr

TTM · consolidated

-16.7%YoY

NET PROFIT

₹14 Cr

TTM · consolidated

+40.5%YoY

EPS

₹10.11

TTM · consolidated

+40.4%YoY

RETURN ON EQUITY

17.0%

TTM · consolidated

+3.6 ppYoY

P/E

5.4x

Q4 FY26 · consolidated

5.4 vs 22.8x5Y avg

EBITDA MARGIN

27.3%

TTM · consolidated

-3.7 ppYoY

NET PROFIT MARGIN

83.6%

Q4 FY26 · consolidated

+62.1 ppYoY

Peers · Stockbroking & Allied

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Joindre Capital Services Ltd.JOINDRE
₹68 Cr4.87-16.7%27.3%17.0%-2.5%
Adit.Birla MoneyBIRLAMONEY
₹734 Cr13.549.6%49.0%20.2%52.7%-27.8%
Emkay Global Financial Services LimitedEMKAY
₹683 Cr33.7721.6%13.3%5.7%-1.2%+15.5%
Indo Thai Securities LimitedINDOTHAI
₹594 Cr8.44217.6%83.5%29.6%1.1%-70.6%
Shardul Securities LimitedSHARDUL
₹456 Cr-9.28-26.0%-104.0%-7.1%+4.3%
Pune E - Stock Broking LimitedPESB
₹394 Cr37.0%+36.9%

As of Q4 FY26

Financials