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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Khandwala Securities's Sloan Ratio for the quarter that ended in Jun. 2026 was %.
As of Jun. 2026, Khandwala Securities has a Sloan Ratio of %, indicating the company is in the safe zone and there is no funny business with accruals.
Khandwala Securities (NSE:KHANDSE) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Khandwala Securities has a Sloan Ratio of %, indicating the company is in the safe zone and there is no funny business with accruals.
Khandwala Securities Sloan Ratio % Related Terms
Khandwala Securities Sloan Ratio % Historical Data
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The historical data trend for Khandwala Securities's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:KHANDSE vs MS, GS, SCHW: Sloan Ratio % Comparison
For the Capital Markets subindustry, Khandwala Securities's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Khandwala Securities Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Khandwala Securities's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Khandwala Securities's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Khandwala Securities's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Khandwala Securities's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 2.432 (Sep. 2025 ) + -4.877 (Dec. 2025 ) + -4.401 (Mar. 2026 ) + 0.843 (Jun. 2026 ) = ₹-6.0 Mil.
Khandwala Securities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was (Sep. 2025 ) + (Dec. 2025 ) + (Mar. 2026 ) + (Jun. 2026 ) = ₹0.0 Mil.
Khandwala Securities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was (Sep. 2025 ) + (Dec. 2025 ) + (Mar. 2026 ) + (Jun. 2026 ) = ₹0.0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Khandwala Securities (NSE:KHANDSE) has a Sloan Ratio % of % as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Khandwala Securities and its competitors.
Is Khandwala Securities' Sloan Ratio % too high?
Khandwala Securities' current Sloan Ratio % is %. Overall, Khandwala Securities has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khandwala Securities' Sloan Ratio % compare to MS and GS?
Khandwala Securities' Sloan Ratio % of % can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Khandwala Securities and its competitors. Khandwala Securities's current Sloan Ratio % is %. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khandwala Securities stock overvalued right now?
Based on GuruFocus' analysis, Khandwala Securities (NSE:KHANDSE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹28.36, compared to a current price of ₹18.09 — trading 36.2% below its estimated fair value. The current Sloan Ratio % is %. Khandwala Securities' overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Khandwala Securities (NSE:KHANDSE), the current Sloan Ratio % is % as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Khandwala Securities (NSE:KHANDSE) Overvalued in 2026?
Based on GuruFocus' analysis, Khandwala Securities stock appears to be undervalued.
The current stock price of ₹18.09 is trading 36.2% below its estimated GF Value™ of ₹28.36.
GuruFocus considers Khandwala Securities to be Possible Value Trap.
Key valuation signals for NSE:KHANDSE:
Sloan Ratio %: %
GF Value™: ₹28.36 vs. price of ₹18.09 (36.2% below fair value)
No single metric tells the full story. See the NSE:KHANDSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services such as stock broking, investment banking, portfolio management, research and analysis, and investment advisory, among others. The company is organized into two segments: Fee-based and Investment/Trading in Stock. The Fee-based division provides financial advisory services for mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The Investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company. The majority of the company's revenue is generated from its Fee-based operations.
65GF Score
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