Shardul Securities Ltd
Incorporated in 1985, Shardul Securities
Ltd is engaged in Investment and Finance activities including Broking activities[1]
- Market Cap ₹ 429 Cr.
- Current Price ₹ 49.0
- High / Low ₹ 111 / 35.6
- Stock P/E
- Book Value ₹ 65.6
- Dividend Yield 0.00 %
- ROCE 5.44 %
- ROE 3.83 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.35% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Capital Markets Stockbroking & Allied
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 10 | 5 | 3 | 5 | 5 | 4 | 20 | 12 | 10 | 160 | 42 | 8 | |
| 3 | 1 | 1 | 2 | 2 | 4 | 12 | 1 | 1 | 8 | 8 | 11 | 11 | |
| Operating Profit | 3 | 9 | 4 | 1 | 3 | 1 | -9 | 19 | 10 | 2 | 152 | 32 | -3 |
| OPM % | 47% | 89% | 72% | 38% | 65% | 25% | -223% | 94% | 90% | 20% | 95% | 75% | -41% |
| 2 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 11 | 5 | 0 | 3 | 0 | -9 | 18 | 10 | 2 | 152 | 30 | -6 |
| Tax % | 15% | 17% | 4% | 39% | 12% | 90% | -26% | 25% | 22% | 33% | 38% | 29% | |
| 4 | 9 | 5 | 0 | 3 | 0 | -6 | 14 | 8 | 1 | 94 | 22 | -12 | |
| EPS in Rs | 0.42 | 1.05 | 0.55 | 0.03 | 0.29 | 0.01 | -0.74 | 1.57 | 0.90 | 0.14 | 10.76 | 2.47 | -1.31 |
| Dividend Payout % | 33% | 15% | 22% | 477% | 42% | 2,100% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 62% |
| 3 Years: | 55% |
| TTM: | -97% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 40% |
| 3 Years: | 40% |
| TTM: | -107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 41% |
| 3 Years: | 40% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 82 | 89 | 93 | 92 | 94 | 231 | 192 | 295 | 370 | 344 | 535 | 557 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 23 | |
| 5 | 5 | 3 | 3 | 2 | 7 | 2 | 17 | 25 | 22 | 11 | 9 | |
| Total Liabilities | 104 | 111 | 113 | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 | 607 |
| 15 | 14 | 14 | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 11 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 37 | 28 | 45 | 44 | 68 | 234 | 192 | 306 | 398 | 366 | 558 | 591 |
| 52 | 69 | 55 | 55 | 33 | 9 | 7 | 11 | 3 | 6 | 5 | 4 | |
| Total Assets | 104 | 111 | 113 | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 | 607 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -42 | 17 | 5 | 4 | 1 | 5 | -1 | -1 | -9 | 22 | -23 | |
| 5 | 38 | -10 | 8 | -20 | 2 | -1 | 6 | -7 | 10 | -31 | 5 | |
| -9 | -1 | -3 | -0 | -1 | -1 | -1 | -0 | -0 | -0 | 10 | 13 | |
| Net Cash Flow | 6 | -6 | 5 | 12 | -17 | 2 | 3 | 5 | -9 | 1 | 2 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 150 | 1,001 | 383 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 21 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 26 | 150 | 1,001 | 383 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 21 |
| Working Capital Days | 2,732 | 2,341 | 3,427 | 3,695 | 2,174 | 6 | -12 | -4 | -6 | 96 | -1 | 2 |
| ROCE % | 4% | 11% | 5% | 1% | 3% | 1% | -4% | 7% | 3% | 0% | 33% | 5% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22h - Newspaper Publication of Notice of the 40th AGM of the Company
- Book Closure For The Purpose Of 40Th AGM 1d
- Reg. 34 (1) Annual Report. 1d
- Annual General Meeting On 3Rd September 2025 1d
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Aug - Newspaper Publication regarding 40th Annual General Meeting to be held on 3rd September, 2025 at 11.00 am
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2]
SSL is a flagship company of Shriyam Group. It used to cater to financial requirements of manufacturing and servicing industry by way of lease finance. However, due to change in policies their focus shifted to investment banking activities. SSL is also registered as Non Systematically Important Non Deposit Taking Non Banking Financial Corporation