Kathmandu: Naasa Securities, operating as Broker No. 58, has demonstrated a robust financial trajectory, recording a turnover of Rs 56.70 crore during the first nine months of the current fiscal year.
This performance follows a highly successful previous fiscal year, where the company saw its turnover reach Rs 83.40 crore, a significant increase from the Rs 32.30 crore recorded in 2024. The firm’s primary revenue stream remains highly concentrated, with approximately 97 percent of its total income generated through brokerage commissions. This surge in earnings was particularly notable in the last fiscal year, during which the company’s transaction volume grew by an impressive 198 percent, facilitating total market trades worth Rs 260.42 billion.
The company’s profitability has mirrored its rising transaction volumes, as it posted a net profit of Rs 31.20 crore in the last fiscal year while maintaining a healthy cash reserve of Rs 33.80 crore. Naasa Securities has historically managed a comfortable capital structure to support its growing operations.
By the end of the previous fiscal year, the firm’s total net worth stood at Rs 85.70 crore against total debt of Rs 75.70 crore. This resulted in an overall gearing ratio of 0.88 times, a slight increase from 0.83 times in early 2024. Despite these shifts, the capital structure remains stable, providing the firm with ample capacity to support the further expansion of its brokerage services and its nascent margin trading facility.
Recent financial adjustments, however, have led to a temporary decline in the company’s net worth during the first nine months of the current fiscal year. This was primarily driven by the declaration of an Rs 34.60 crore dividend payout. Simultaneously, the company has begun leveraging new growth avenues following the implementation of the Margin Trading Facility Directive, 2082, by the Securities Board of Nepal (SEBON) on February 13. By integrating this facility into its service portfolio, Nasa Securities has begun providing margin loans to its clients, which has contributed to an increase in its overall gearing ratio—including non-fund-based facilities—to 1.48 times during the current nine-month period.
Established in 2007, Naasa Securities has evolved into a prominent licensed broker and depository member under SEBON and a trading member of the Nepal Stock Exchange (NEPSE). The firm operates with a nationwide footprint through its three branch offices located in Birgunj, Pokhara, and Janakpur.
In addition to its membership with CDS and Clearing Limited, the company obtained approval to operate margin lending services in September 2022. These strategic moves have allowed Nasa to capture a significant portion of the domestic brokerage industry, with its market share increasing from 6 percent to 6.50 percent during the first nine months of the current fiscal year.
Under the leadership of Chairman Madan Paudel, the company has recently undergone a comprehensive credit rating for its credit facilities totalling Rs 3 billion. This rating covers Rs 1.1 crore in long-term loans and Rs 2.989 billion in short-term credit facilities. By securing these ratings and maintaining a high volume of transactions, Nasa Securities continues to solidify its standing as a major player in the Nepalese stock market, focused on facilitating seamless securities trading and diversifying its financial offerings to adapt to evolving regulatory and market demands.
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