Any current/future new fundraising through debt or equity?

The company is actively working on reducing borrowing costs for the MTF (Margin Trading Funding) book by approaching different NBFCs and exploring new borrowing models such as NCDs and third-party borrowings, aiming to decrease interest expenses significantly in FY27. There is no explicit mention of any immediate or planned equity fundraising in the provided transcript. The focus seems to be on managing and optimizing existing debt rather than raising new equity or additional debt, supported by a strong net worth of INR 2,655 crore as of March 2026. The company is also emphasizing opening d

Any current/future capex/capital investment/strategic investment?

The company is focused on continued expansion of its retail business, leveraging technology and wider market penetration across regions. There is an exploration of overseas opportunities to diversify revenue streams. Strengthening Wealth Management is a key priority, including the successful launch of PMS business and plans to introduce Alternative Investment Fund to broaden offerings. Development of the commodity business is planned, expected to be a significant growth driver. Active investment in the Metropolitan Stock Exchange (MSCI) with sizable investment in two rounds; MSCI has launched

Future growth expectations in sales/revenue/volumes?

The company expects growth through diversification into Wealth Management, PMS, Alternative Investment Funds, and commodity business, which is seen as a significant future growth driver. Targeting expanding retail business with focus on increasing client turnover to at least 60% of total turnover, reducing reliance on proprietary (prop) trading to around 30% profitability share in 3 years. Planned increase in Market to Fund (MTF) book to around INR 650 crores for FY27, contingent on favorable market and geopolitical conditions. Growth in retail participation and algo trading adoption expected

Future growth expectations in earnings/operating earnings/profits/EPS?

For FY26, standalone profit after tax increased by 368% YoY to INR 75 crore for Q4, and 20% YoY for full year to INR 298 crore, showing strong growth and operational efficiency. Management targets 38% EBITDA margin (+/-2%) and 22% PAT margin (+/-2%) annually, maintaining stable profitability despite market volatility. The company aims to diversify revenues across broking, Wealth Management, PMS, AIF, commodities, and NBFC verticals, supporting sustained earnings growth. Retail business expansion is a key focus, targeting at least 60% client turnover contribution in the near future. MTF book ta

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Share India Securities LtdQ1 FY26Capital Markets

Share India Securities Ltd Q1 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹137P/E: 12.7Market Cap: ₹3.0K CrSector: Capital Markets

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

→The company expects growth through diversification into Wealth Management, PMS, Alternative Investment Funds, and commodity business, which is seen as a significant future growth driver.
→Targeting expanding retail business with focus on increasing client turnover to at least 60% of total turnover, reducing reliance on proprietary (prop) trading to around 30% profitability share in 3 years.
→Planned increase in Market to Fund (MTF) book to around INR 650 crores for FY27, contingent on favorable market and geopolitical conditions.
→Growth in retail participation and algo trading adoption expected to drive volumes, with plans to scale Algo trading for retail akin to a "Zerodha movement" over the next five years.
→Expansion into international trading markets as part of diversification strategy.
→Improving operational efficiency, risk management, and technological advancement are key enablers for sustainable growth.
→The company is prepared to absorb regulatory and geopolitical challenges with a strong balance sheet and diversified revenue model.

Margin guidance

Category 3

→For FY26, standalone profit after tax increased by 368% YoY to INR 75 crore for Q4, and 20% YoY for full year to INR 298 crore, showing strong growth and operational efficiency.
→Management targets 38% EBITDA margin (+/-2%) and 22% PAT margin (+/-2%) annually, maintaining stable profitability despite market volatility.
→The company aims to diversify revenues across broking, Wealth Management, PMS, AIF, commodities, and NBFC verticals, supporting sustained earnings growth.
→Retail business expansion is a key focus, targeting at least 60% client turnover contribution in the near future.
→MTF book targeted at INR 650 crores for FY27, with growth dependent on market conditions, expected to improve revenue per trade.
→EPS improved to INR 17.6 in Q4 FY26 from INR 11.7 last year, signaling ongoing shareholder value creation.
→Confident in absorbing regulatory and geopolitical challenges through diversified business and expanding market footprint.

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Fundraise plans

→The company is actively working on reducing borrowing costs for the MTF (Margin Trading Funding) book by approaching different NBFCs and exploring new borrowing models such as NCDs and third-party borrowings, aiming to decrease interest expenses significantly in FY27.
→There is no explicit mention of any immediate or planned equity fundraising in the provided transcript.
→The focus seems to be on managing and optimizing existing debt rather than raising new equity or additional debt, supported by a strong net worth of INR 2,655 crore as of March 2026.
→The company is also emphasizing opening direct branches especially in Tier-3 cities to improve profitability rather than relying on mediation, indirectly supporting operational funding from internal cash flows.
→No specific planned future fundraising through fresh debt or equity is detailed in the excerpts.

Order book

The provided pages from the document "1274160.pdf" do not contain any specific information regarding the current or expected order book or pending orders for Share India Securities Limited. The discussion primarily focuses on financial results, business segments, regulatory impacts, and strategic initiatives such as investments in Metropolitan Stock Exchange (MSCI), retail business growth, and proprietary trading constraints. No details on order books or pending orders are mentioned in the relevant text on pages 16 to 22 or elsewhere in the document excerpt provided.

Capex plans

Yes

→The company is focused on continued expansion of its retail business, leveraging technology and wider market penetration across regions.
→There is an exploration of overseas opportunities to diversify revenue streams.
→Strengthening Wealth Management is a key priority, including the successful launch of PMS business and plans to introduce Alternative Investment Fund to broaden offerings.
→Development of the commodity business is planned, expected to be a significant growth driver.
→Active investment in the Metropolitan Stock Exchange (MSCI) with sizable investment in two rounds; MSCI has launched cash markets and plans to launch IPO segment, SME segment, and derivatives segment by FY27, potentially yielding good returns.
→Investment in technology products like the uTrade platform aiming to go multi-broker.
→Opening direct branches in Tier-3 cities to expand MTF business and improve margins.
→Overall, ventures into new financial products and unlisted segments to build a diversified and sustainable business model.

How does Share India Securities Ltd rank vs peers in Capital Markets?

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