(a) Industry structure
Indian securities market has considerably broadened due to various financial market
reforms introduced by the regulators. Broking and investment advisory Service Industry in
India has significantly grown in the previous few years. While the market provides much
greater opportunities, it brings with it greater exposure to more varied types of risks. A
proper understanding and planning for risk-return profiles of different projects become
even more important for the success of financial intermediaries like Naysaa Securities
Limited (Naysaa) that operate in this domain. As a company, Naysaa has always focused on
this aspect of its business. Broking and investment advisory in securities are the core
business of our Company. The Company continuously invests in developing its intellectual
capital and promotes a business model that leverages the competitive strength of its
internal domain knowledge. The emphasis is on growing the business by providing
appropriate solutions to its diverse customer base.
(b) Business Developments
Your Company has set up adequate infrastructure along with a team of professionals for
carrying on the business of the company efficiently.
(c) COVID-19 impact on Broking and investment advisory Services Industry
Global economic activity is at a standstill as the world takes an aggressive stance to
slow the spread of COVID-19 and that is having broad implications for the investment
management industry. Aggressive fiscal and monetary policy responses combined with
critical containment actions around the world have made a major economic impact, yet
liquidity remains scarce and the outlook for earnings is soft.
Meanwhile fresh inflows have deteriorated, while redemptions from existing retail
investors have increased due to market fluctuations and "credit events".
Brokerages are buckling up to face income distribution pressure as economic slowdown
and the coronavirus pandemic drag equity scheme inflows. The situation has eroded asset
values, leading to market corrections.
(d) Opportunities and threats
Immense opportunities exist in the Broking and investment advisory Services Industry
depending upon the growth of the country. The Major threat to your companys fortune would
be on account of adverse capital market trends and sentiments affected by domestic and
global factors.
(e) Segment-wise or product-wise performance
Your Company is registered with SEBI as BSE main broker and is also involved in the
activities of investment advisory in shares and securities and derivatives. The company
operates in a single reportable segment as such reporting is done on single segment basis.
(f) Outlook
The Company continues to explore the possibilities of expansion in its present
activities and will also make the necessary investments when attractive opportunities
arise. Your Company is well placed to seize the long-term opportunity in financial market
in India.
(g) Risks and Concerns
Your Company is exposed to the fluctuations of economy and industry cycles. The company
manages these risks by remaining very conservative and following other risk management
practices. The management believes that efficient business planning risk management and
product diversification would help mitigate such risks.
(h) Internal Control Systems and their adequacy
As a part of the effort to evaluate the effectiveness of the internal control systems,
your Companys internal audit system reviews all the control measures on a periodic basis
and recommends improvements, wherever appropriate. The Company has in place adequate
internal control systems and procedures commensurate with the size and nature of its
business. These systems and procedures provide reasonable assurance of maintenance of
proper accounting records, reliability of financial information, protection of resources
and safeguarding of assets against unauthorized use. The management regularly reviews the
internal control systems and procedures.
(i) Discussions on Financial Performance with respect to Operational Performance:
(Rs. in Lacs)
| Highlights |
2021-2022 |
2020-2021 |
| Revenue from Operations & other Income |
1114.72 |
178.94 |
| Profit before Finance Cost, Depreciation and Tax |
1098.52 |
101.57 |
| Finance Cost |
17.77 |
1.91 |
| Depreciation |
13.80 |
3.11 |
| Provision for Taxation (Including Deferred Tax & Fringe benefit tax) |
8.75 |
55.46 |
| Net Profit after Tax |
40.66 |
41.09 |
| Earnings per Share (in Rs.) |
1.17 |
1.18 |
| - Basic |
|
|
| - Diluted |
|
|
(j) Human Resource Development
The human capital today is one of the most decisive factors in the success of a company
and thus we strive for excellence in the entire employee life cycle. Your Company
continuously recruits skilled professionals from various streams and undertake several
initiatives to retain the talent pool. Your Company also places emphasis on development
and enhancement of skills and capabilities of employees to prepare them for future
challenges. As in the past, the company enjoyed cordial relations with the employees at
all levels. The Company focuses on improved Employee Engagement through several enterprise
level initiatives. The Rewards and Recognition Programs here appreciate outstanding
performers for their professionalism, dedication and outstanding contributions.
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