Loading..

Summit Securities Limited (533306) Press Release Analysis

Corporate Events

Neutral

Summit Securities Limited to Report Q2, 2023 Re...

2022-10-28 12:17:00

Summit Securities Limited announced that they will report Q2, 2023 results on Nov 08, 2022

Neutral

Summit Securities Limited, Board Meeting, Nov 08, 2022

2022-10-28 12:17:00

Summit Securities Limited, Board Meeting, Nov 08, 2022, at 12:36 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial...

Negative

Summit Securities Limited Appoints Manish Jain ...

2022-09-30 14:31:00

Summit Securities Limited approved the appointment of Mr. Manish Jain as a Non-Executive Non-Independent Director of the Company, at the Twent...

Neutral

Summit Securities Limited, Annual General Meeti...

2022-08-26 09:55:00

Summit Securities Limited, Annual General Meeting, Sep 30, 2022, at 16:30 Indian Standard Time. Agenda: To receive, consider and adopt the Aud...

Neutral

Summit Securities Limited - Shareholder/Analyst Call

2022-08-26 09:55:00

AGM

Neutral

Summit Securities Limited, Board Meeting, Aug 08, 2022

2022-07-29 11:09:00

Summit Securities Limited, Board Meeting, Aug 08, 2022, at 12:30 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial...

Neutral

Summit Securities Limited to Report Q1, 2023 Re...

2022-07-29 11:09:00

Summit Securities Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 08, 2022

Negative

Summit Securities Limited Appoints Manish Jain ...

2022-06-24 08:28:00

Summit Securities Limited appointed Mr. Manish Jain as an Additional Director (Non-Executive) on the Board of Directors of the Company with ef...

Negative

Summit Securities Limited Announces Resignation...

2022-06-17 13:39:00

Summit Securities Limited announced that Mr. A. N. Misra, Non-Executive Director of the Company, has vide his letter dated June 17, 2022, resi...

Neutral

Summit Securities Limited, Board Meeting, May 25, 2022

2022-05-16 12:40:00

Summit Securities Limited, Board Meeting, May 25, 2022, at 12:35 Indian Standard Time. Agenda: To consider approve the Audited Financial Resul...

Neutral

Summit Securities Limited to Report Q4, 2022 Re...

2022-05-16 12:40:00

Summit Securities Limited announced that they will report Q4, 2022 results on May 25, 2022

Neutral

Summit Securities Limited to Report Q3, 2022 Re...

2022-02-01 09:45:00

Summit Securities Limited announced that they will report Q3, 2022 results on Feb 10, 2022

Neutral

Summit Securities Limited, Board Meeting, Feb 10, 2022

2022-02-01 09:45:00

Summit Securities Limited, Board Meeting, Feb 10, 2022. Agenda: To consider and approve the Unaudited Financial Results for the quarter and ni...

Neutral

Summit Securities Limited to Report Q2, 2023 Results on Nov 08, 2022

2022-10-28 12:17:00

Summit Securities Limited announced that they will report Q2, 2023 results on Nov 08, 2022

Neutral

Summit Securities Limited, Board Meeting, Nov 08, 2022

2022-10-28 12:17:00

Summit Securities Limited, Board Meeting, Nov 08, 2022, at 12:36 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2022.

Negative

Summit Securities Limited Appoints Manish Jain as Non-Executive Non-Independent Director

2022-09-30 14:31:00

Summit Securities Limited approved the appointment of Mr. Manish Jain as a Non-Executive Non-Independent Director of the Company, at the Twenty-Fifth Annual General Meeting held on September 30, 2022. Mr. Jain has not been debarred from holding the office of a Director by virtue of any order by SEBI or any other authority. Further, none of the directors of the Company are related to Mr. Jain.

Neutral

Summit Securities Limited, Annual General Meeting, Sep 30, 2022

2022-08-26 09:55:00

Summit Securities Limited, Annual General Meeting, Sep 30, 2022, at 16:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Auditors and the Board of Directors thereon; the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon; to appoint a Director in place of Mr. H. N. Singh Rajpoot (DIN: 00080836), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, has offered himself for re-appointment; and to consider other matters.

Neutral

Summit Securities Limited - Shareholder/Analyst Call

2022-08-26 09:55:00

AGM

Neutral

Summit Securities Limited, Board Meeting, Aug 08, 2022

2022-07-29 11:09:00

Summit Securities Limited, Board Meeting, Aug 08, 2022, at 12:30 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2022.

Neutral

Summit Securities Limited to Report Q1, 2023 Results on Aug 08, 2022

2022-07-29 11:09:00

Summit Securities Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 08, 2022

Negative

Summit Securities Limited Appoints Manish Jain as an Non-Executive Additional Director

2022-06-24 08:28:00

Summit Securities Limited appointed Mr. Manish Jain as an Additional Director (Non-Executive) on the Board of Directors of the Company with effect from June 30, 2022. Manish has over 26 years of diverse experience across multiple sectors such as Mining, steel, Infrastructure and Real Estate. He has worked in both Public Sector and Private sector in areas of Operations, Project Management, Business Development, equity investment and divestment, joint venture management and strategy.

Negative

Summit Securities Limited Announces Resignation of A. N. Misra as Director, Effective from June 30, 2022

2022-06-17 13:39:00

Summit Securities Limited announced that Mr. A. N. Misra, Non-Executive Director of the Company, has vide his letter dated June 17, 2022, resigned from the position of Director of the Company with effect from June 30, 2022, due to certain pre-occupations.

Neutral

Summit Securities Limited, Board Meeting, May 25, 2022

2022-05-16 12:40:00

Summit Securities Limited, Board Meeting, May 25, 2022, at 12:35 Indian Standard Time. Agenda: To consider approve the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2022.

Neutral

Summit Securities Limited to Report Q4, 2022 Results on May 25, 2022

2022-05-16 12:40:00

Summit Securities Limited announced that they will report Q4, 2022 results on May 25, 2022

Neutral

Summit Securities Limited to Report Q3, 2022 Results on Feb 10, 2022

2022-02-01 09:45:00

Summit Securities Limited announced that they will report Q3, 2022 results on Feb 10, 2022

Neutral

Summit Securities Limited, Board Meeting, Feb 10, 2022

2022-02-01 09:45:00

Summit Securities Limited, Board Meeting, Feb 10, 2022. Agenda: To consider and approve the Unaudited Financial Results for the quarter and nine months ended December 31, 2021.

Fundamental Summary

The financials published by Summit for Q1 were weak and discouraging. Their growth and value factors performance indicate that company management is having trouble hitting the right targets or executing. Typically, results like these translate into sustained negative momentum and strong downward pressure on stock price. We gave Summit a 51 rating and a UNDERPERFORM recommendation.

Summit reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 228.88 million compared to INR 623.96 million a year ago. Net income was INR 156.5 million compared to INR 438.24 million a year ago. Basic earnings per share from continuing operations was INR 14.36 compared to INR 40.2 a year ago. Diluted earnings per share from continuing operations was INR 14.36 compared to INR 40.2 a year ago.For the six months, revenue was INR 411.14 million compared to INR 681.26 million a year ago. Net income was INR 277.46 million compared to INR 474.65 million a year ago. Basic earnings per share from continuing operations was INR 25.45 compared to INR 43.54 a year ago. Diluted earnings per share from continuing operations was INR 25.45 compared to INR 43.54 a year ago.

Sector Overview

Summit is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Summit's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 0.1 14.9% 42
Equity 44.8B -20.8% 59
EBITDA 711.4M -5.5% 63
Parameter Value Change Score
Total Revenues 741.0M -5.1% 88
Return on Equity 1.1 -6.6% 52
* All values are TTM

The below chart reflects Summit's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Summit's peer average final assessment score stands on 69, Summit's score is 51.

  •  533306
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 0 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 1 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 2 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 3 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 4 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 5 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 6 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 7 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 8 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 9 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 10 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 11 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 13 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 14 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 15 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 16 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 17 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 18 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 19 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 20 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 21 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 22 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 23 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 24 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 25 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 26 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 27 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 28 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 29 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 30 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 31 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 32 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 33 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 34 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 35 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 36 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 37 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 38 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 39 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 40 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 41 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 42 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 43 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 44 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 45 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 46 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 47 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 48 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 49 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 50 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 51 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 52 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 53 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 54 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 55 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 56 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 57 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 58 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 59 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 60 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 61 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 62 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 63 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 64 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 65 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 66 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 67 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 68 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 69 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 70 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 71 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 73 1
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 74 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 75 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 76 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 77 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 78 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 79 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 80 1

Macro Environment

Neutral
60

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Summit Securities Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Summit Securities Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Summit Securities Limited macro environment with the score of 60.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Summit's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Summit's stock appears overbought. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.

Bullish 73
Close Price 634.5
52W Low 518.45
52W High 804.7
5D MA 630.1
50D MA 619.81
200D MA 609.04
MACD 4.18
RSI 82.08
STOCH 74.11

Balance Sheet Analysis

Summit's recently published balance sheet showed overall, underwhelming numbers. Both Assets and Book Value Factors were particularly concerning. Mediocre performance in terms of assets could drop the bar on expectations for Summit's future attractiveness, as they changed to 49.4B in the latest filing. This works out to a nan% change from the last period. This unimpressive metric is weaker than its peers and competitors. Consequently, their asset movement received a grade of 40. Also, Summit publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 0.1 and represents 14.9% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 14.9%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Therefore, their book value factors earned a score of 42. On the other hand, Liabilities, jumped out as looking rather positive. Summit has done an excellent job managing its liabilities. Summit's liabilities stood at 4.5B in the current filing, which represents a nan% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 81. Consequently, its balance sheet earned a rank of 44.

Parameter Value Change Score
Price to Book 0.1 14.9% 42
Equity 44.8B -20.8% 59
* All values are TTM

The below chart describes Summit's performance as reflected on its balance sheet with respect to its peers. While Summit received a balance sheet score of 44, the average of its peers stands on 73.

  •  533306
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 0 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 1 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 2 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 3 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 4 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 5 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 6 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 7 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 8 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 9 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 10 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 11 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 13 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 14 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 15 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 16 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 17 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 18 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 19 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 20 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 21 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 22 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 23 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 24 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 25 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 26 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 27 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 28 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 29 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 30 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 31 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 32 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 33 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 34 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 35 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 36 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 37 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 38 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 39 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 40 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 41 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 42 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 43 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 44 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 45 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 46 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 47 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 48 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 49 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 50 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 51 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 52 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 53 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 54 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 55 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 56 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 57 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 58 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 59 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 60 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 61 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 62 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 63 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 64 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 65 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 66 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 67 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 68 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 69 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 70 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 71 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 73 1
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 74 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 75 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 76 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 77 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 78 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 79 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 80 1

Income Statement Analysis

Summit appears likely to maintain its income statement metrics and momentum going forward. Summit did an excellent job managing its revenue efficiency this past period. Summit's revenue efficiency is 741.0M according to the metrics in the current filing, which represents a -5.1% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 5.6%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 88. That said, one metric, Return Factors, stood out as particularly concerning. Summit's reported return on equity (ROE) ratio was 1.1, representing a change of -6.6%. This metric might have a 15.5 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Consequently, their return factors received a grade of 52. Its income statement received an overall score of 62.

Parameter Value Change Score
EBITDA 711.4M -5.5% 63
Total Revenues 741.0M -5.1% 88
Return on Equity 1.1 -6.6% 52
* All values are TTM

The below chart describes Summit's performance as reflected on its income statement with respect to its peers. While Summit received a income statement score of 62 , the average of its peers stands on 65.

  •  533306
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 0 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 1 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 2 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 3 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 4 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 5 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 6 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 7 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 8 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 9 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 10 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 11 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 13 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 14 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 15 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 16 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 17 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 18 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 19 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 20 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 21 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 22 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 23 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 24 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 25 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 26 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 27 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 28 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 29 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 30 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 31 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 32 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 33 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 34 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 35 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 36 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 37 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 38 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 39 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 40 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 41 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 42 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 43 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 44 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 45 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 46 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 47 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 48 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 49 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 50 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 51 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 52 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 53 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 54 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 55 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 56 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 57 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 58 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 59 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 60 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 61 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 62 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 63 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 64 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 65 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 66 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 67 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 68 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 69 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 70 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 71 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 72 1
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 73 1
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 74 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 75 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 76 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 77 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 78 1
BLB Limited 1.1B 76.0 75.0 88.0 78 79 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 80 1

Cash Flow Analysis

Overall, Summit's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Summit's management was effective in improving its CapEx, which now sits at -96.0K and represents nan% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 96. Also, Summit presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 245.6M, which is a change of nan% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 85. On the other hand, Free Cash flow, jumped out as looking problematic. Free cash flow numbers published by Summit were 42.7, which was a nan% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 7.6 percent by this parameter. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Consequently, their free cash flow movement received a grade of 51. The company's cash flow received an overall score of 87.

Parameter Value Change Score
* All values are TTM

The below chart describes Summit's performance as reflected on its cash flow with respect to its peers. While Summit received a cash flow score of 87, the average of its peers stands on 65.

  •  533306
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 0 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 1 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 2 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 3 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 4 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 5 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 6 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 7 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 8 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 9 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 10 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 11 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 13 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 14 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 15 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 16 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 17 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 18 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 19 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 20 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 21 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 22 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 23 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 24 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 25 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 26 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 27 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 28 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 29 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 30 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 31 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 32 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 33 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 34 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 35 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 36 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 37 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 38 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 39 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 40 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 41 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 42 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 43 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 44 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 45 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 46 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 47 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 48 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 49 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 50 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 51 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 52 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 53 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 54 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 55 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 56 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 57 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 58 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 59 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 60 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 61 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 62 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 63 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 64 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 65 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 66 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 67 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 68 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 69 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 70 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 71 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 72 1
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 73 1
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 74 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 75 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 76 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 77 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 78 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 79 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 80 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.