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SKYLMILAR

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SKYLINE MILLARS LTD. Share Price Update

As of the latest trading session, SKYLINE MILLARS LTD. share price is currently at ₹ 25.7, which is up by ₹ 0.22 from its previous closing. Today, the stock has fluctuated between ₹ 24.17 and ₹ 25.99. Over the past year, SKYLINE MILLARS LTD. has achieved a return of 41.00 %. In the last month alone, the return has been -17.21 %. Read More...

Investment Returns

Over 1 Month [-]% Over 3 Months [-]% Over 6 Months [-]% Over 1 Year [-]%
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SKYLINE MILLARS LTD. fundamentals


  • Market cap (Cr)

    [-]

  • P/E Ratio (TTM)

    [-]

  • Beta

    [-]

  • Book Value / share

    [-]

  • Return on equity

    [-]%

  • EPS (TTM)

    [-]

  • Dividend yield

    [-]%

  • Net profit/quarter (Cr)

    [-]

info icon alternate text

  • Market cap (Cr)

    102.60

  • P/E Ratio (TTM)

    -212.33

  • Beta

    1.14

  • Book Value / share

    5.95

  • Return on equity

    -1.87%

  • EPS (TTM)

    0.00

  • Dividend yield

    [-]%

  • Net profit/quarter (Cr)

    -0.23

info icon alternate text

SKYLINE MILLARS LTD. Financials

  • Key Results

  • Key Ratios

  • Balance sheet

  • Cash Flow

  • Competition

info-icon

Revenue

Net income

Particulars SEP 2025 (Values in Cr)
Revenue 0.70
Operating Expense 1.00
Net Profit -0.23
Net Profit Margin (%) -32.85
Earnings Per Share (EPS) -0.06
EBITDA -0.23
Effective Tax Rate (%) 0.00
Particulars JUN 2025 (Values in Cr)
Revenue 0.54
Operating Expense 0.96
Net Profit -0.34
Net Profit Margin (%) -62.96
Earnings Per Share (EPS) -0.09
EBITDA -0.34
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 2.13
Operating Expense 2.13
Net Profit 0.21
Net Profit Margin (%) 9.85
Earnings Per Share (EPS) 0.05
EBITDA 0.27
Effective Tax Rate (%) 0.00
Particulars DEC 2024 (Values in Cr)
Revenue 0.00
Operating Expense 0.20
Net Profit -0.12
Net Profit Margin (%) 0.00
Earnings Per Share (EPS) -0.03
EBITDA -0.11
Effective Tax Rate (%) 0.00
Particulars SEP 2024 (Values in Cr)
Revenue 0.00
Operating Expense 0.26
Net Profit -0.17
Net Profit Margin (%) 0.00
Earnings Per Share (EPS) -0.04
EBITDA -0.17
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 2.13
Operating Expense 2.88
Net Profit -0.26
Net Profit Margin (%) -12.20
Earnings Per Share (EPS) -0.07
EBITDA -0.18
Effective Tax Rate (%) 0.00
Particulars MAR 2024 (Values in Cr)
Revenue 0.00
Operating Expense 1.41
Net Profit -0.99
Net Profit Margin (%) 0.00
Earnings Per Share (EPS) -0.25
EBITDA -0.94
Effective Tax Rate (%) 0.00
Particulars MAR 2023 (Values in Cr)
Revenue 0.15
Operating Expense 2.19
Net Profit -1.84
Net Profit Margin (%) -1226.66
Earnings Per Share (EPS) -0.46
EBITDA -1.60
Effective Tax Rate (%) 0.00
Particulars MAR 2022 (Values in Cr)
Revenue 0.00
Operating Expense 1.24
Net Profit 0.75
Net Profit Margin (%) 0.00
Earnings Per Share (EPS) 0.19
EBITDA 0.85
Effective Tax Rate (%) 0.00
Particulars MAR 2021 (Values in Cr)
Revenue 4.24
Operating Expense 1.85
Net Profit 2.39
Net Profit Margin (%) 56.36
Earnings Per Share (EPS) 0.59
EBITDA 3.09
Effective Tax Rate (%) 10.42
Particulars MAR 2025 (Values in Cr)
Book Value / Share 6.09
ROE % -1.87
ROCE % -1.52
Total Debt to Total Equity 0.00
EBITDA Margin -17.84
Particulars MAR 2024 (Values in Cr)
Book Value / Share 6.16
ROE % -3.92
ROCE % -3.77
Total Debt to Total Equity 0.00
EBITDA Margin 0.00
Particulars MAR 2023 (Values in Cr)
Book Value / Share 6.41
ROE % -6.03
ROCE % -5.86
Total Debt to Total Equity 0.00
EBITDA Margin -1066.67
Particulars MAR 2022 (Values in Cr)
Book Value / Share 6.86
ROE % 3.05
ROCE % 2.98
Total Debt to Total Equity 0.00
EBITDA Margin 0.00
Particulars MAR 2021 (Values in Cr)
Book Value / Share 6.68
ROE % 10.71
ROCE % 11.52
Total Debt to Total Equity 0.00
EBITDA Margin 73.11
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 5.06
Total Assets 26.02
Total Liabilities 26.02
Total Equity 24.51
Share Outstanding 40224250
Price to Book Ratio 2.79
Return on Assets (%) -1.00
Return on Capital (%) -1.07
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 6.85
Total Assets 27.22
Total Liabilities 27.22
Total Equity 24.77
Share Outstanding 40224250
Price to Book Ratio 2.06
Return on Assets (%) -3.64
Return on Capital (%) -4.01
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 7.72
Total Assets 27.06
Total Liabilities 27.06
Total Equity 25.76
Share Outstanding 40224250
Price to Book Ratio 1.59
Return on Assets (%) -6.81
Return on Capital (%) -7.15
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 8.54
Total Assets 28.43
Total Liabilities 28.43
Total Equity 27.61
Share Outstanding 40224250
Price to Book Ratio 1.62
Return on Assets (%) 2.62
Return on Capital (%) 2.7
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 7.66
Total Assets 27.56
Total Liabilities 27.56
Total Equity 26.86
Share Outstanding 40224250
Price to Book Ratio 1.22
Return on Assets (%) 8.65
Return on Capital (%) 8.89
Particulars MAR 2025 (Values in Cr)
Net Income -0.26
Cash from Operations -2.52
Cash from Investing 2.57
Cash from Financing 0.00
Net change in Cash 0.04
Free Cash Flow -2.51
Particulars MAR 2024 (Values in Cr)
Net Income -0.99
Cash from Operations -1.25
Cash from Investing 1.68
Cash from Financing 0.00
Net change in Cash 0.42
Free Cash Flow -1.23
Particulars MAR 2023 (Values in Cr)
Net Income -1.84
Cash from Operations -1.73
Cash from Investing 1.52
Cash from Financing 0.00
Net change in Cash -0.13
Free Cash Flow -1.73
Particulars MAR 2022 (Values in Cr)
Net Income 0.74
Cash from Operations 0.48
Cash from Investing 0.37
Cash from Financing 0.00
Net change in Cash 0.88
Free Cash Flow 0.48
Particulars MAR 2021 (Values in Cr)
Net Income 2.70
Cash from Operations 3.45
Cash from Investing 0.30
Cash from Financing 0.00
Net change in Cash 3.79
Free Cash Flow 3.45
Company Name Price P/E P/B Market Cap 52 Week Low/High
ADITYA BIRLA REAL EST LTD 1778.50 0.00 5.25 19865.08 1564.80 / 2975.00
ELPRO INTERNATIONAL LTD. 80.13 18.90 0.67 1358.04 62.30 / 129.90
FORBES & COMPANY LTD. 339.35 15.45 1.90 437.76 264.35 / 493.45
GOLDEN TOBACCO LIMITED 40.25 13.37 -0.33 70.88 36.00 / 60.90
PENINSULA LAND LIMITED 27.75 0.00 4.46 920.55 21.05 / 52.80
Company Name Price P/E P/B Market Cap 52 Week Low/High
SANATHNAGAR ENTERPRISES LIMITE 33.00 35.48 -0.83 10.40 25.12 / 54.33
BARODA RAYON CORPORATION LTD. 121.10 8.76 0.71 277.46 114.30 / 188.00
ADITYA BIRLA REAL EST LTD 1778.50 139.27 4.43 19865.08 1564.80 / 2975.00
ELPRO INTERNATIONAL LTD. 80.13 43.55 0.65 1358.04 62.30 / 129.90

SKYLINE MILLARS LTD. shareholding pattern

Holding

28.61%
71.38%
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SKYLINE MILLARS LTD. Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
25.51 0.11 redarrow
red-green-graph indicator
0 Bearish
16 Bullish
  • 5 Days 25.20
  • 26 Days 26.40
  • 10 Days 25.30
  • 50 Days 26.80
  • 12 Days 25.40
  • 100 Days 25.90
  • 20 Days 26.10
  • 200 Days 24.10
25.49 PIVOT

First Support

24.22

First Resistance

26.74

Second Support

22.97

Second Resistance

28.01

Third Support

21.70

Third Resistance

29.26

RSI

45.62

ADX

37.83

MACD

-0.95

Williams % R

-48.87

Commodity Channel Index (CCI)

-20.65

Date

2025-12-04

Week

35355.00

Same Day

3400.00

Month

23697.00

1 Year

1.14

3 Year

0.72

Over 1 Month

-17.21%

down

Over 1 Year

41.00%

down

Over 3 Months

0.99%

down

Over 3 Years

35.46%

down

Over 6 Months

18.73%

down

Over 5 Years

34.30%

down

SKYLINE MILLARS LTD. Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
12 Sep 2013 0.2 Final 16 Sep 2013 Equity shares
06 Sep 2012 0.2 Final 10 Sep 2012 Equity shares
05 May 2011 0.2 Interim 06 May 2011 Equity shares
15 Sep 2010 0.2 Final 17 Sep 2010 Equity shares
16 Sep 2009 0.2 Final 18 Sep 2009 Equity shares
18 Sep 2008 1.0 Final 22 Sep 2008 Equity shares
06 Nov 2007 1.0 Interim 07 Nov 2007 Equity shares
Ex-Date Old FV NEW FV Record Date
27 Oct 2008 10.0 1.0 05 Nov 2008

SKYLINE MILLARS LTD. Share Price

Skyline Millars Limited, formerly known as Millars India Limited was incorporated as 'The ACME Manufacturing Company Limited' on November 28, 1919. The name of the Company was changed to Millars India Limited on January 4, 2002 and later on to Skyline Millars Limited on October 23, 2007.

The Company was promoted by the Walchand Group. Ashok Patel son of J.V. Patel acquired the shares from Walchand Group and took over the management in 1972. Khandelwal Udyog Ltd, a manufacturer of EOT Cranes & Millars Timber and Trading Company were acquired by Mr. J.V. Patel in 1969 and 1970 respectively. Khandelwal Udyog Limited got merged with The ACME Manufacturing Company Limited effective from October 1, 1974 as per the Order of the Bombay High Court dated August 13, 1976. The running business of construction machinery of Millars Machinery Company Pvt Ltd was taken over by the Company in 1984.

Initially, the Company was engaged in manufacturing of construction equipment and electric overhead traveling (EOT) cranes. It is engaged in the activities relating to Real Estate business. The Company's manufacturing activities are carried out at Karamsad, Gujarat. The Company's real estate project is a Ghatkopar Property building.

Due to recession in the capital goods industry and high labour cost at Ghatkopar, Mumbai, the crane manufacturing activity at Ghatkopar started incurring losses from 1996 and thereafter due to continuous losses in the Company for four years, it was declared as a Sick Industrial Undertaking by the Board for Industrial and Financial Reconstruction (BIFR). BIFR sanctioned a scheme of Rehabilitation in 2001 appointing Bank of India as a monitoring agency. As a rehabilitation measure, the company shifted its manufacturing activities from Ghatkopar, Mumbai to Karamsad, Gujarat in October, 2003 and entered into joint development agreement for its Ghatkopar property with M/s Skyline Residency Private Limited. The Company adopted various other rehabilitation measures which has resulted in its net worth becoming positive from 2003-04. Consequently, as per the summary record of the proceedings of the review hearing held on 17th October, 2006, the BIFR has discharged the Company from the purview of the Sick Industrial Companies (Special Provisions) Act, 1985 / BIFR. Accordingly, SML was no longer a 'Sick' Company.

The Wada Plant got commissioned in 2017, with the latest manufacturing technology to produce concrete products mainly pipes and man-holes. The Plant in manhole is the top opening to an underground utility vault used to house an access point for making connections, inspection, valve adjustments or performing maintenance on underground and buried public utility and other services including sewers, telephone, electricity, storm drains, district heating and gas. The Millars watertight Perfect Manhole System is a precast off-site solution which enables contractors to install a modular water tight manhole without the need for a concrete surround.

This quick assembly system comprises of a monolithic precast concrete base pre-benched to any inlet / outlet configuration, together with thick walled chamber rings with water tight joints incorporating an elastomeric gasket and a sealed cover slab. The system also incorporates push fit elastometric seals for inlet and outlet pipes. Specifiers, designers and contractors can be assured that the Millars Perfect Manhole System offers a safer, faster, sustainable, off-site bespoke manhole solution.

Millars, a trusted name at construction sites in India, offers steel reinforced concrete pipes recognized for its quality of manufacturing, consistency of strength, availability in design and sizes to serve most installations, being easy to place and providing a reliable and durable system, particularly under load. The Company is licensed under BIS (Bureau of Indian Standards).

Parent organization Indian Private
NSE symbol [-]
Founded 1919
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Board Of Directors

Left Arrow

Ashok Chandresekharan Pillai

Chairman & Independent Directo

Ashok J Patel

Non-Exec & Non-Independent Dir

Maulik H Dave

E D & Wholetime Director

Jatin V Daisaria

Non-Exec & Non-Independent Dir

Shilipin K Tater

Non-Exec & Non-Independent Dir

Diana K. Dias

Independent Non Exe. Director

Neelam Shah

Company Sec. & Compli. Officer

Right Arrow

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Frequently Asked Questions

What is the Current Share Price of Skyline Millars Ltd?

Answer Field

Skyline Millars Ltd share price is for NSE ₹ 0.00 & for BSE ₹ 25.51 as on Dec 05 2025 03:24 PM.

What is the Market Cap of Skyline Millars Ltd Share?

Answer Field

The market cap of Skyline Millars Ltd for NSE ₹ 0.00 & for BSE ₹ 102.60 as on Dec 05 2025 03:24 PM.

What is the 52 Week High and Low of Skyline Millars Ltd?

Answer Field

The 52 Week High and Low of Skyline Millars Ltd for NSE is ₹ 0.00 and ₹ 0.00 and for BSE is ₹ 36.55 and ₹ 14.00.

What is 1 year return for Skyline Millars Ltd?

Answer Field

The 1 year returns on the stock has been 41.00%.

What is the P/E Ratio of Skyline Millars Ltd Share?

Answer Field

As on Dec 05 2025 03:24 PM the price-to-earnings (PE) ratio for Skyline Millars Ltd share is -212.33.

What is the PB ratio of Skyline Millars Ltd Share?

Answer Field

As on Dec 05 2025 03:24 PM, the price-to-book (PB) ratio for Skyline Millars Ltd share is 5.95.

How to Buy Skyline Millars Ltd Share?

Answer Field

You can trade in Skyline Millars Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Skyline Millars Ltd Share on Bajaj Broking App?

Answer Field

To buy Skyline Millars Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Skyline Millars Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

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Email: compliance_sec@bajajbroking.in
Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.