LKP Securities

BSE: LKPSEC · Stockbroking & Allied

52W Range₹11 ₹23

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Snapshot

Unlock LKP Securities's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

LKP Securities is a long-standing Indian financial services firm providing comprehensive brokerage services across equities, derivatives, commodities, and currencies. The company also engages in investment banking, wealth management, and the distribution of third-party financial products like mutual funds and insurance.

Business Model

The company generates revenue primarily through brokerage commissions on trading activities, advisory fees from wealth management, and distribution commissions for financial products. It leverages a nationwide network of branches and sub-brokers alongside digital platforms to capture retail, high-net-worth, and institutional client segments.

Growth Outlook

Growth is driven by the expansion of digital trading platforms and the continued emphasis on research-backed advisory services. The firm aims to leverage its established market presence to increase penetration among retail and institutional investors.

Key Risks

  • Market Volatility. As a brokerage firm, the company's revenue is highly sensitive to fluctuations in trading volumes and market sentiment on the BSE and NSE.
  • Regulatory Risk. Changes in SEBI regulations or exchange-mandated compliance requirements can significantly impact operational costs and business models.
  • Competitive Pressure. The entry of low-cost discount brokers and fintech platforms poses a threat to traditional full-service brokerage commission structures.
  • Technology Risk. Reliance on digital trading platforms necessitates continuous investment in cybersecurity and infrastructure to prevent service disruptions.

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Key Metrics

REVENUE

₹107 Cr

TTM · consolidated

-4.4%YoY

NET PROFIT

₹10 Cr

TTM · consolidated

-22.1%YoY

EPS

₹1.25

TTM · consolidated

-22.4%YoY

RETURN ON EQUITY

10.8%

TTM · consolidated

-5.1 ppYoY

P/E

13.6x

Q4 FY26 · consolidated

13.6 vs 18.7x5Y avg

EBITDA MARGIN

25.5%

TTM · consolidated

-2.9 ppYoY

NET PROFIT MARGIN

8.1%

Q4 FY26 · consolidated

-3.9 ppYoY

Peers · Stockbroking & Allied

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
LKP SecuritiesLKPSEC
₹128 Cr12.35-4.4%25.5%10.8%20.0%-17.0%
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