Shardul Securities Ltd
Incorporated in 1985, Shardul Securities
Ltd is engaged in Investment and Finance activities including Broking activities[1]
- Market Cap ₹ 455 Cr.
- Current Price ₹ 52.0
- High / Low ₹ 111 / 35.6
- Stock P/E
- Book Value ₹ 80.5
- Dividend Yield 0.00 %
- ROCE 6.53 %
- ROE 4.80 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.65 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 7.77% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 12 | 6 | 6 | 7 | 7 | 6 | 24 | 15 | 13 | 173 | 63 | 17 | |
| 4 | 2 | 3 | 4 | 3 | 5 | 14 | 2 | 3 | 10 | 10 | 16 | 17 | |
| Operating Profit | 2 | 10 | 4 | 2 | 4 | 2 | -8 | 21 | 13 | 3 | 163 | 46 | -1 |
| OPM % | 40% | 84% | 59% | 37% | 61% | 27% | -151% | 90% | 84% | 25% | 94% | 74% | -5% |
| 3 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 12 | 5 | 1 | 4 | 1 | -9 | 21 | 12 | 3 | 163 | 45 | -4 |
| Tax % | 19% | 17% | 3% | 39% | 7% | 51% | -29% | 25% | 23% | 23% | 40% | 26% | |
| 13 | 10 | 5 | 1 | 3 | 0 | -6 | 16 | 10 | 2 | 98 | 33 | -11 | |
| EPS in Rs | 1.54 | 1.14 | 0.56 | 0.08 | 0.40 | 0.04 | -0.72 | 1.78 | 1.10 | 0.25 | 11.18 | 3.77 | -1.20 |
| Dividend Payout % | 9% | 14% | 21% | 154% | 30% | 269% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 62% |
| 3 Years: | 59% |
| TTM: | -94% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 48% |
| 3 Years: | 51% |
| TTM: | -106% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 43% |
| 3 Years: | 42% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 8% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 157 | 121 | 125 | 124 | 128 | 286 | 238 | 371 | 459 | 428 | 654 | 686 |
| 0 | 0 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 23 | |
| 5 | 7 | 7 | 24 | 5 | 10 | 3 | 24 | 49 | 25 | 16 | 11 | |
| Total Liabilities | 179 | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 697 | 738 |
| 22 | 21 | 20 | 20 | 20 | 18 | 17 | 17 | 17 | 16 | 16 | 16 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 102 | 33 | 56 | 70 | 86 | 276 | 223 | 353 | 473 | 427 | 649 | 682 |
| 55 | 92 | 73 | 87 | 45 | 20 | 19 | 43 | 35 | 28 | 32 | 41 | |
| Total Assets | 179 | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 697 | 738 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -38 | 5 | 31 | -14 | 1 | 5 | -10 | 8 | -18 | 20 | -36 | |
| 6 | 35 | 5 | -22 | 5 | 2 | -0 | 22 | -22 | 18 | -23 | 12 | |
| -11 | -2 | -3 | 11 | -12 | -1 | -1 | -0 | -0 | -0 | 10 | 13 | |
| Net Cash Flow | 5 | -5 | 7 | 20 | -22 | 2 | 4 | 12 | -14 | -1 | 7 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 11 | 24 | 835 | 224 | 56 | 12 | 13 | 0 | 3 | 0 | 0 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 11 | 24 | 835 | 224 | 56 | 12 | 13 | 0 | 3 | 0 | 0 | 1 |
| Working Capital Days | 2,368 | 2,367 | 3,181 | 220 | 1,514 | 88 | 109 | 185 | 62 | 208 | 3 | 97 |
| ROCE % | 3% | 8% | 4% | 1% | 3% | 1% | -3% | 6% | 3% | 1% | 29% | 7% |
Documents
Announcements
-
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
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Newspaper publication of financial result for the quarter ended 30th June 2025.
-
Announcement Under Reg 30- Appointment Of Secretarial Auditor.
29 Jul - Appointment of M/s. D Maurya & Associates as secretarial auditors for five years from FY 2025-26.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
29 Jul - Re-appointment of Mr. Yogendra Chaturvedi as Whole-time Director for five years from Feb 2026.
- Financial Results For The Quarter Ended 30Th June 2025. 29 Jul
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
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