Indo Thai Securities Ltd(INDOTHAI)

NSE: INDOTHAIBSE: 533676

₹ 30.97-5.00%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 411 crWebsite: www.indothai.co.inUpdated: 23 Oct 2026

About

Indo Thai Securities is a stockbroking and treasury firm with a 31-year history. It serves 15,000+ HNI and UHNI clients, and their Assets Under Influence passed ₹9,000+ Cr as of March 31, 2026. Reported revenue was 103.81 Cr in FY26. Most of that came from fair value gains on its treasury book.^[1][2]

Business segments

The company reports one segment, equities, broking and other related activities. It brought in Rs 103.69 Cr of revenue, a 99.5% share, in FY26.^[3]
Net gain on fair value changes was ₹79.05 Cr in FY26, up from ₹8.34 Cr in FY25. That was 76% of FY26 revenue.^[1]
Fees and commission income was ₹10.70 Cr in FY26, up 5.73% YoY. Interest income was ₹13.51 Cr in FY26, up 81.83% YoY.^[1]

Clients and assets

Assets Under Influence were above ₹9,000 Cr as of March 31, 2026, at an average of ₹60.0 Lakh per client.^[1]
The company had 15,000+ active HNI/UHNI client accounts in FY26, up 23% over the last two years.^[1]

New business lines

Four new revenue lines were being built as of FY26: an AIF Category 2 platform for pre-IPO and secondary deals, investment banking, in-house equity research, and GIFT City IFSC.^[1]
The GIFT City subsidiary, Indo Thai Globe Fin (IFSC) Ltd, is fully active. Its role is to route international capital, including NRI and FPI funds.^[1]

Femto Green Hydrogen

The company owns 56.85% of Femto Green Hydrogen Ltd. In January 2026 Femto filed a PCT patent and a US utility patent for its Terahertz fuel treatment device.^[1]
Femto's plan is fleet deployments in months 1-12, aiming at a 10-20% fuel efficiency gain. TUV and BEE-CKM validation follow in months 6-24, and entry with oil marketing companies and vehicle makers in months 18-36.^[1]

Proposed demerger

The company proposes to move its regulated broking, treasury and investment banking business (99.6% of turnover) into Indo Thai Financial Services Ltd at a 1:1 ratio.^[1]
BSE and NSE raised no adverse observations on March 18, 2026, and the NCLT filing was in progress. Femto Green Hydrogen and Indo Thai Realties would stay in the listed company.^[1]

Capital and dividends

Money from a preferential issue went to exchange margins and allowed client funding. Rs 23.69 crore was still unused as of FY25.^[4]
No dividend was proposed for FY25. FY26 dividends (interim plus proposed final) total 20% of face value, the highest in the company's history.^[4][1]

Market Cap

₹411 Cr

High / Low

₹468 / 29

Stock P/E

6.0

Price / Book

1.5

Book Value

₹22

EPS

₹5.1

No. of Shares

12.86 Cr

ROE

28.6%

Sales

₹104 Cr

Net Profit

₹66 Cr

Promoter holding

54.8%

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Signal history

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Indo Thai Securities Ltd(INDOTHAI)

About

Business segments

Clients and assets

New business lines

Femto Green Hydrogen

Proposed demerger

Capital and dividends

Signal history

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Verdict

Company data

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