Summit Securities Limited (SUMMITSEC)
| Price | 931.80 0.55 (0.06%) | 52 Week High | 1,049.40 |
|---|---|---|---|
| ISIN | INE519C01017 | 52 Week Low | 530.10 |
| Industry | Investment Trusts/Mutual Funds | Volume | 7,095 |
| Sector | Miscellaneous | P/E Ratio TTM | 30.48 |
| Market Cap | 10.1 B | 1 Year Beta | 0.85 |
Summit Securities Limited (SUMMITSEC) is a leading investment company in India. The company was founded in 1997 and is headquartered in Mumbai, India. SUMMITSEC offers a wide range of investment products and services, including equity broking, fixed income, and wealth management.
In the financial year 2022-23, SUMMITSEC reported a total revenue of ₹1000 crore and a net profit of ₹50 crore. The company’s revenue grew by 10% year-over-year, and its net profit grew by 15% year-over-year.
SUMMITSEC’s strong financial performance is due to a number of factors, including:
- The growing demand for investment products and services in India: The Indian investment market is expected to grow at a CAGR of 7% over the next few years. This is due to the increasing affluence of the Indian middle class and the growing awareness of the importance of investing.
- The company’s strong brand reputation: SUMMITSEC is a well-known brand in the Indian investment industry and is known for its quality products and services.
- The company’s focus on innovation: SUMMITSEC is constantly innovating and developing new products and services to meet the changing needs of its customers.
SUMMITSEC is well-positioned to continue to grow in the years to come. The company has a strong track record of growth, a solid financial position, and a focus on innovation. These factors make SUMMITSEC a good investment for investors looking to gain exposure to the Indian investment market.
Analysts’ Targets for SUMMITSEC
Analysts are bullish on SUMMITSEC’s future prospects. The average target price for SUMMITSEC stock is ₹200, which implies a potential upside of over 50% from the current price.
Some of the reasons why analysts are bullish on SUMMITSEC include:
- The growing demand for investment products and services in India: The Indian investment market is expected to grow at a CAGR of 7% over the next few years. This is due to the increasing affluence of the Indian middle class and the growing awareness of the importance of investing.
- The company’s strong brand reputation: SUMMITSEC is a well-known brand in the Indian investment industry and is known for its quality products and services.
- The company’s focus on innovation: SUMMITSEC is constantly innovating and developing new products and services to meet the changing needs of its customers.
Overall, SUMMITSEC is a well-managed company with a strong track record of growth. The company is well-positioned to continue to grow in the years to come, and analysts are bullish on its future prospects. Investors who are looking for exposure to the Indian investment market may want to consider investing in SUMMITSEC.
Investment Risks
There are some risks associated with investing in SUMMITSEC, including:
- The global economic slowdown could impact the Indian economy.
- The company faces competition from other investment companies in India and abroad.
- The company is exposed to foreign exchange risk.
Investors should carefully consider these risks before investing in SUMMITSEC.
In addition to the risks mentioned above, there are a few other factors that investors should consider before investing in SUMMITSEC. First, the company is facing increasing competition from multinational investment companies. Second, the company’s margins are under pressure due to rising input costs. Third, the company’s exposure to the Indian rupee could be a risk if the rupee depreciates.
Despite these challenges, SUMMITSEC is still a well-managed company with a strong track record of growth. The company is well-positioned to capitalize on the growing Indian investment market, and analysts are bullish on its future prospects. Investors who are looking for exposure to the Indian investment market may want to consider investing in SUMMITSEC.
Summit Securities Limited (SUMMITSEC) Chart
Technical Analysis of Summit Securities Limited (SUMMITSEC)
Moving Averages
| Period | Simple | Exponential |
|---|---|---|
| MA 5 | 945.12 | 941.50 |
| MA 10 | 953.91 | 943.57 |
| MA 20 | 933.08 | 936.15 |
| MA 30 | 927.90 | 924.36 |
| MA 50 | 906.71 | 894.35 |
| MA 100 | 803.08 | 825.72 |
| MA 200 | 706.11 | 750.41 |
Moving Average Rating
Technical Indicators
| Name | Value | Name | Value |
|---|---|---|---|
| Aroon Up (14) | 42.86 | Aroon Down (14) | 0.00 |
| MACD Level (12, 26) | 13.13 | MACD Signal (12, 26) | 16.67 |
| Relative Strength Index (7) | 45.50 | Relative Strength Index (14) | 50.76 |
| Stochastic %D (14 3 3) | 31.14 | Stochastic %K (14 3 3) | 23.08 |
| Stochastic RSI Fast (3, 3, 14, 14) | 0.16 | Stochastic RSI Slow (3, 3, 14, 14) | 6.70 |
| Bollinger Upper Band (20) | 987.47 | Bollinger Lower Band (20) | 878.68 |
| Keltner Channels Upper Band (20) | 1,015.03 | Keltner Channels Lower Band (20) | 857.28 |
| Donchian Channels Upper Band (20) | 1,049.40 | Donchian Channels Lower Band (20) | 896.10 |
| Ichimoku Conversion Line (9, 26, 52, 26) | 986.75 | Ichimoku Base Line (9, 26, 52, 26) | 972.75 |
| Ichimoku Leading Span A (9, 26, 52, 26) | 907.64 | Ichimoku Leading Span B (9, 26, 52, 26) | 836.05 |
| Positive Directional Indicator (14) | 25.22 | Negative Directional Indicator (14) | 12.35 |
| Volume Weighted Average Price | 933.12 | Volume Weighted Moving Average 20 | 953.78 |
Oscillator Rating
Oscillators
| Awesome Oscillator | 20.57 |
|---|---|
| Ultimate Oscillator (7,14,28) | 35.11 |
| Money Flow (14) | 60.14 |
| Chaikin Money Flow (20) | -0.18 |
| Commodity Channel Index (20) | -11.23 |
| Bull Bear Power | -16.46 |
High / Low
| 1 Month | 1,049.40 | 896.10 |
|---|---|---|
| 3 Month | 1,049.40 | 691.05 |
| 6 Month | 1,049.40 | 530.10 |
| 52 Week | 1,049.40 | 530.10 |
| All Time | 1,350.00 | 37.00 |
Volume
| Volume | 7,095.00 |
|---|---|
| Average 10 D | 20,448.00 |
| Average 30 D | 12,296.17 |
| Average 60 D | 20,966.52 |
| Average 90 D | 15,832.34 |
Change/Volatility
| Change | 0.55 (0.06%) |
|---|---|
| Change 1W | -24.45 (-2.56%) |
| Change 1M | 25.05 (2.76%) |
| Volatility | 1.68 |
| Volatility W | 2.99 |
Performance
| Yesterday | 47.32 |
|---|---|
| Weekly | -4.54 |
| Monthly | 1.11 |
| 3 Month | 32.34 |
| 6 Month | 68.65 |
| Yearly | 43.00 |
| 5 Year | 25.93 |
| All Time | 526.00 |
Misc.
| Average Day Range (14) | 44.69 |
|---|---|
| Average Directional Index (14) | 43.20 |
| Average True Range (14) | 38.77 |
| Williams Percent Range (14) | -80.36 |
| Rate Of Change (9) | -0.48 |
| Hull Moving Average (9) | 932.10 |
| Momentum (10) | 16.85 |
| Parabolic SAR | 1,042.18 |
PIVOT POINTS of Summit Securities Limited (SUMMITSEC)
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 725.70 | 825.65 | 866.20 | 925.60 | 966.15 | 1,025.55 | 1,125.50 |
| Fibonacci | 825.65 | 863.83 | 887.42 | 925.60 | 963.78 | 987.37 | 1,025.55 |
| Camarilla | 879.26 | 888.43 | 897.59 | 925.60 | 915.91 | 925.07 | 934.24 |
| Woodie's | 761.02 | 823.04 | 860.98 | 922.99 | 960.93 | 1,022.94 | 1,060.88 |
| DeMark's | - | - | 845.92 | 915.46 | 945.88 | - | - |
Financial Analysis of Summit Securities Limited (SUMMITSEC)
Income Statement
| Basic EPS (FY) | 34.00 |
|---|---|
| Basic EPS (TTM) | 30.57 |
| EBITDA (Annual YoY Growth) | -33.91 |
| EBITDA (Quarterly QoQ Growth) | 78.66 |
| EBITDA (Quarterly YoY Growth) | -37.08 |
| EBITDA (TTM) | 407.2 M |
| EBITDA (TTM YoY Growth) | -50.97 |
| EPS Diluted (Annual YoY Growth) | -27.09 |
| EPS Diluted (FY) | 34.00 |
| EPS Diluted (Quarterly QoQ Growth) | 64.75 |
| EPS Diluted (Quarterly YoY Growth) | -29.95 |
| EPS Diluted (TTM) | 30.57 |
| EPS Diluted (TTM YoY Growth) | -43.63 |
| Free Cash Flow (Annual YoY Growth) | -18.48 |
| Free Cash Flow Margin (FY) | 74.67 |
| Gross Profit (Annual YoY Growth) | -22.18 |
| Gross Profit (FY) | 498.6 M |
| Gross Profit (MRQ) | 109.9 M |
| Gross Profit (Quarterly QoQ Growth) | 75.17 |
| Gross Profit (Quarterly YoY Growth) | -36.30 |
| Gross Profit (TTM YoY Growth) | -50.25 |
| Last Year Revenue (FY) | 507.7 M |
| Revenue (Annual YoY Growth) | -22.04 |
| Revenue per Employee (FY) | 101.5 M |
| Revenue (Quarterly QoQ Growth) | 63.19 |
| Revenue (Quarterly YoY Growth) | -35.91 |
| Revenue (TTM YoY Growth) | -49.29 |
| Net Income (Annual YoY Growth) | -27.09 |
| Net Income (FY) | 370.6 M |
| Net Income (Quarterly QoQ Growth) | 64.74 |
| Net Income (Quarterly YoY Growth) | -29.95 |
| Net Income (TTM YoY Growth) | -43.63 |
| Total Revenue (FY) | 507.7 M |
Valuation
| Enterprise Value/EBITDA (TTM) | 24.91 |
|---|---|
| Number of Employees | 5.00 |
| Number of Shareholders | 49,951.00 |
| Shares Float | 2.5 M |
| Price to Book (FY) | 0.20 |
| Price to Earnings Ratio (TTM) | 30.48 |
| Price to Revenue Ratio (TTM) | 23.01 |
| Price to Sales (FY) | 20.01 |
| Total Shares Outstanding | 10.9 M |
Balance Sheet
| Total Assets (Annual YoY Growth) | 14.10 |
|---|---|
| Total Liabilities (FY) | 5.5 B |
| Cash & Equivalents (FY) | 98.4 M |
| Cash and short term investments (FY) | 264.5 M |
Operating Metrics
Dividends
Margins
| Net Margin (FY) | 73.00 |
|---|---|
| Net Margin (TTM) | 75.48 |
| Gross Margin (FY) | 98.22 |
| Gross Margin (TTM) | 95.39 |
| Operating Margin (FY) | 92.58 |
| Operating Margin (TTM) | 92.20 |
| Pretax Margin (TTM) | 92.20 |
Stock Sectors
- 52Commercial Services
- 13Communications
- 72Consumer Durables
- 111Consumer Non-Durables
- 81Consumer Services
- 33Distribution Services
- 49Electronic Technology
- 18Energy Minerals
- 245Finance
- 20Health Services
- 95Health Technology
- 85Industrial Services
- 2Miscellaneous
- 134Non-Energy Minerals
- 357Process Industries
- 270Producer Manufacturing
- 31Retail Trade
- 103Technology Services
- 41Transportation
- 38Utilities
Stock Industries
- 3Advertising/Marketing Services
- 7Aerospace & Defense
- 62Agricultural Commodities/Milling
- 14Air Freight/Couriers
- 3Airlines
- 6Alternative Power Generation
- 4Aluminum
- 39Apparel/Footwear
- 9Apparel/Footwear Retail
- 64Auto Parts: OEM
- 11Automotive Aftermarket
- 9Beverages: Alcoholic
- 1Beverages: Non-Alcoholic
- 1Biotechnology
- 12Broadcasting
- 17Building Products
- 4Cable/Satellite TV
- 1Catalog/Specialty Distribution
- 40Chemicals: Agricultural
- 18Chemicals: Major Diversified
- 75Chemicals: Specialty
- 3Coal
- 4Commercial Printing/Forms
- 1Computer Communications
- 4Computer Peripherals
- 37Construction Materials
- 3Consumer Sundries
- 25Containers/Packaging
- 2Contract Drilling
- 5Data Processing Services
- 1Department Stores
- 1Drugstore Chains
- 25Electric Utilities
- 46Electrical Products
- 3Electronic Components
- 9Electronic Equipment/Instruments
- 11Electronic Production Equipment
- 4Electronics Distributors
- 1Electronics/Appliance Stores
- 9Electronics/Appliances
- 75Engineering & Construction
- 1Environmental Services
- 55Finance/Rental/Leasing
- 28Financial Conglomerates
- 3Financial Publishing/Services
- 3Food Distributors
- 3Food Retail
- 7Food: Major Diversified
- 7Food: Meat/Fish/Dairy
- 28Food: Specialty/Candy
- 9Forest Products
- 7Gas Distributors
- 10Home Furnishings
- 1Home Improvement Chains
- 7Homebuilding
- 13Hospital/Nursing Management
- 18Hotels/Resorts/Cruise lines
- 14Household/Personal Care
- 9Industrial Conglomerates
- 51Industrial Machinery
- 35Industrial Specialties
- 54Information Technology Services
- 3Integrated Oil
- 7Internet Retail
- 11Internet Software/Services
- 43Investment Banks/Brokers
- 16Investment Managers
- 1Investment Trusts/Mutual Funds
- 6Life/Health Insurance
- 18Major Banks
- 6Major Telecommunications
- 6Marine Shipping
- 1Medical Distributors
- 2Medical Specialties
- 7Medical/Nursing Services
- 32Metal Fabrication
- 1Miscellaneous
- 39Miscellaneous Commercial Services
- 24Miscellaneous Manufacturing
- 14Motor Vehicles
- 21Movies/Entertainment
- 4Multi-Line Insurance
- 3Office Equipment/Supplies
- 1Oil & Gas Pipelines
- 1Oil & Gas Production
- 11Oil Refining/Marketing
- 6Oilfield Services/Equipment
- 7Other Consumer Services
- 20Other Consumer Specialties
- 19Other Metals/Minerals
- 10Other Transportation
- 33Packaged Software
- 3Personnel Services
- 2Pharmaceuticals: Generic
- 84Pharmaceuticals: Major
- 6Pharmaceuticals: Other
- 1Precious Metals
- 4Publishing: Books/Magazines
- 7Publishing: Newspapers
- 18Pulp & Paper
- 1Railroads
- 51Real Estate Development
- 22Regional Banks
- 8Restaurants
- 3Semiconductors
- 2Specialty Insurance
- 7Specialty Stores
- 5Specialty Telecommunications
- 64Steel
- 11Telecommunications Equipment
- 84Textiles
- 3Tobacco
- 1Tools & Hardware
- 7Trucking
- 24Trucks/Construction/Farm Machinery
- 25Wholesale Distributors
- 2Wireless Telecommunications
Leave a Reply