Shardul Securities Ltd

Shardul Sec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shardul Securities Ltd

₹ 27.2 -4.25%
03 Jun - close price
shardulsecurities.com BSE: 512393 NSE: SHARDUL
About

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

Key Points

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

Website BSE NSE
  • Market Cap ₹ 238 Cr.
  • Current Price ₹ 27.2
  • High / Low ₹ 58.7 / 20.1
  • Stock P/E
  • Book Value ₹ 59.0
  • Dividend Yield 0.00 %
  • ROCE -8.92 %
  • ROE -10.8 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.46 times its book value
  • Market value of investments Rs.505 Cr. is more than the Market Cap Rs.238 Cr.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.9% over past five years.
  • Company has a low return on equity of 3.60% over last 3 years.
  • Contingent liabilities of Rs.75.0 Cr.
  • Working capital days have increased from 43.0 days to 131 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
-4 29 27 57 47 115 37 -29 -81 81 -40 -20 1
0 1 2 1 3 3 3 3 2 3 4 3 74
Operating Profit -5 28 25 56 43 113 33 -32 -82 78 -44 -23 -72
OPM % 96% 92% 98% 93% 98% 91% 96% -5,978%
0 0 0 0 1 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 1 1 4 5 5
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -5 28 25 56 44 112 33 -32 -83 76 -48 -28 -78
Tax % -15% 21% 36% 28% 62% 16% 22% 4% -22% 20% -21% -22% -23%
-4 22 16 40 17 94 26 -33 -65 61 -38 -22 -60
EPS in Rs -0.48 2.50 1.80 4.57 1.89 10.73 2.96 -3.81 -7.41 6.95 -4.33 -2.50 -6.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 5 3 5 5 4 20 12 10 160 42 5
1 1 2 2 4 12 1 1 8 8 11 67
Operating Profit 9 4 1 3 1 -9 19 10 2 152 32 -61
OPM % 89% 72% 38% 65% 25% -223% 94% 90% 20% 95% 75% -1,144%
3 2 0 0 0 0 0 0 -0 1 0 0
Interest 0 0 1 1 1 0 0 0 0 0 1 15
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 11 5 0 3 0 -9 18 10 2 152 30 -77
Tax % 17% 4% 39% 12% 90% -26% 25% 22% 33% 38% 29% -24%
9 5 0 3 0 -6 14 8 1 94 22 -59
EPS in Rs 1.05 0.55 0.03 0.29 0.01 -0.74 1.57 0.90 0.14 10.76 2.47 -6.74
Dividend Payout % 15% 22% 477% 42% 2,100% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -23%
3 Years: -19%
TTM: -87%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -373%
Stock Price CAGR
10 Years: 14%
5 Years: 19%
3 Years: 15%
1 Year: -40%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 4%
Last Year: -11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 89 93 92 94 231 192 295 370 344 535 557 498
0 0 0 0 0 0 0 0 0 10 23 274
5 3 3 2 7 2 17 25 22 11 9 1
Total Liabilities 111 113 112 114 256 211 329 413 384 574 607 791
14 14 13 13 13 13 12 12 12 11 12 13
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 28 45 44 68 234 192 306 398 366 558 591 761
69 55 55 33 9 7 11 3 6 5 4 16
Total Assets 111 113 112 114 256 211 329 413 384 574 607 791

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-42 17 5 4 1 5 -1 -1 -9 22 -23 -10
38 -10 8 -20 2 -1 6 -7 10 -31 5 -224
-1 -3 -0 -1 -1 -1 -0 -0 -0 10 13 236
Net Cash Flow -6 5 12 -17 2 3 5 -9 1 2 -4 1
Free Cash Flow -42 17 5 4 1 5 -1 -2 -9 23 -23 -12
CFO/OP -451% 489% 380% 137% 98% -63% -3% -9% -422% 50% -29% 14%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 150 1,001 383 0 0 0 0 4 0 0 21 0
Inventory Days
Days Payable
Cash Conversion Cycle 150 1,001 383 0 0 0 0 4 0 0 21 0
Working Capital Days 2,341 3,427 3,695 2,174 6 -12 -4 -6 96 -1 -1 131
ROCE % 11% 5% 1% 3% 1% -4% 7% 3% 0% 33% 5% -9%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Number of Permanent Employees
Number
Trading Volume (Own Shares on BSE)
Number (Shares)
Capital Adequacy Ratio (CRAR)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.85% 74.85% 74.85% 74.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.30% 0.30%
25.16% 25.16% 25.18% 25.17% 25.16% 25.16% 25.16% 25.16% 25.15% 24.91% 24.86% 24.86%
No. of Shareholders 5,8795,8875,9016,2746,1206,5076,5897,7937,6717,4057,2456,813

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports