Arthneeti

Shardul Securities Share Price & Earnings Call Analysis

₹48.49-0.53% today
Market cap
₹424 Cr
P/E
14.70
ROE
-7.22%
Price to sales
2.75
Debt to equity
0.59
52W high / low
₹59.4 / ₹21.6
Sales growth (5Y)
-7.55%
EBITDA margin
39.39%
Net profit margin
-307.51%
Promoter holding
74.85%
Sales (last year)
₹154 Cr

Incorporated in 1985, Shardul Securities Ltd is engaged in Investment and Finance activities including Broking activities[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. Nippon Life India Asset Management LtdGood growth
    2
  2. BSEGood growth
    1
  3. Motilal Oswal Financial Services LtdGood growth
    3
See all potential multibaggersWhere does Shardul Securities rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.43L Cr50.6
2Nippon Life India Asset Management Ltd20–40%Flat₹57,947 Cr35.4
3Motilal Oswal Financial Services Ltd20–40%Flat₹56,798 Cr28.7
420–40%Flat₹37,393 Cr82.4
520–40%Flat₹32,034 Cr29.6
620–40%Flat₹14,710 Cr41.2

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Shardul Securities announcements

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Financials of Shardul Securities

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Shardul Securities

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +-43030595414040-33-8594-39-135
Expenses +11324345455481
Operating Profit-62927574913736-38-8989-44-17-76
OPM %96%91%97%92%98%89%95%-1,663%
Other Income +-0000100000000
Interest0000000011455
Depreciation0000000000000
Profit before tax-62927575013636-38-8988-48-22-82
Tax %-17%21%34%28%68%17%19%5%-22%20%-20%-21%-22%
Net Profit +-52318411611429-40-7070-38-17-64
EPS in Rs-0.542.632.034.681.8413.013.29-4.56-7.978.04-4.40-1.97-7.29

Financials of Shardul Securities

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +12667762415131736316
Expenses +23435142310101664
Operating Profit104242-82113316347-48
OPM %84%59%37%61%27%-151%90%84%25%94%75%-302%
Other Income +320000000100
Interest1011100001215
Depreciation110000000001
Profit before tax125141-92112316345-64
Tax %17%3%39%7%51%-29%25%23%23%40%26%-23%
Net Profit +105130-6161029833-49
EPS in Rs1.140.560.080.400.04-0.721.781.100.2511.183.77-5.62
Dividend Payout %14%21%154%30%269%0%0%0%0%0%0%0%

Financials of Shardul Securities

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818181818181818
Reserves121125124128286238371459428654686640
Borrowings +00110000001023274
Other Liabilities +7724510324492516113
Total Liabilities146149177150314259412525471697738934
Fixed Assets +212020201817171716161617
CWIP000000000002
Investments33567086276223353473427649682845
Other Assets +927387452019433528324170
Total Assets146149177150314259412525471697738934

Financials of Shardul Securities

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-38531-1415-108-1821-36
Cash from Investing Activity +355-2252-022-2218-2412
Cash from Financing Activity +-2-311-12-1-1-0-0-01013
Net Cash Flow-5720-222412-14-17-11
Free Cash Flow-38531-1415-108-1822-37
CFO/OP-367%144%1,491%-318%104%-64%-45%72%-514%50%-43%

Financials of Shardul Securities

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24835224561213030011
Inventory Days
Days Payable
Cash Conversion Cycle24835224561213030011
Working Capital Days2,3673,1812201,514881091856220839786
ROCE %8%4%1%3%1%-3%6%3%1%29%7%-6%
41out of 100

Momentum score · price trend

41 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+17.4%68%
Last 6 months+114.7%96%
Last 3 months+13.8%79%

The price is 49.9% below its all-time high of ₹116.64 (16 Nov 2007). Stocks more than 20% below their peak have their score halved, so 82 became 41.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Shardul Securities: 0.4 × 68 + 0.4 × 96 + 0.2 × 79 = 82, halved to 41 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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