Quest Capital Markets Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are well covered by earnings (3.7x coverage).
• BNK Capital Markets's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
• BNK Capital Markets's dividend is above the markets top 25% of dividend payers in India (3.08%).

Cons

• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

Pros

• BNK Capital Markets is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• BNK Capital Markets is profitable, therefore cash runway is not a concern.
• BNK Capital Markets is profitable, therefore cash runway is not a concern.
• Debt is covered by short term assets, assets are 29.1x debt.
• BNK Capital Markets's cash and other short term assets cover its long term commitments.
• The level of debt compared to net worth has been reduced over the past 5 years (38.4% vs 0.4% today).
• BNK Capital Markets's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
• Low level of unsold assets.

Cons

• Operating cash flow is negative therefore debt is not well covered.

management

Pros

• The tenure for the BNK Capital Markets board of directors is about average.
• Ajit's remuneration is about average for companies of similar size in India.
• Ajit's compensation has been consistent with company performance over the past year, both up more than 20%.

Cons

misc

Pros

Cons

• BNK Capital Markets is not covered by any analysts.
• BNK Capital Markets has significant price volatility in the past 3 months.

past

Pros

• BNK Capital Markets's year on year earnings growth rate has been positive over the past 5 years.

Cons

• BNK Capital Markets's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• BNK Capital Markets used its assets less efficiently than the IN Capital Markets industry average last year based on Return on Assets.
• BNK Capital Markets has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• BNK Capital Markets's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.

value

Pros

• BNK Capital Markets is good value based on earnings compared to the IN Capital Markets industry average.
• BNK Capital Markets is good value based on earnings compared to the India market.

Cons

• BNK Capital Markets's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• BNK Capital Markets's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• BNK Capital Markets is overvalued based on assets compared to the IN Capital Markets industry average.
• 500069 underperformed the Capital Markets industry which returned -21% over the past year.
• 500069 underperformed the Market in India which returned -14.5% over the past year.
• BSE:500069 is up 1.8% underperforming the Capital Markets industry which returned 8.7% over the past month.
• BSE:500069 is up 1.8% underperforming the market in India which returned 8% over the past month.