Shardul Securities Ltd
Shardul Securities Ltd (formerly known as Shriyam Securities & Finance Limited) is a Flagship Co. of the Shriyam Group. The Co. is a Non-Systemically Important Non-Banking Financial Company (NBFC) registered under the RBI. it is presently engaged in investment in Equity / Debt / Merchant Banking / IPO Funding / Advisory Services. It is also engaged in Broking Activities through its Wholly Owned Subsidiary Shriyam Broking Intermediary Ltd.[1][2]
- Market Cap ₹ 258 Cr.
- Current Price ₹ 148
- High / Low ₹ 164 / 86.2
- Stock P/E 6.49
- Book Value ₹ 296
- Dividend Yield 0.00 %
- ROCE 0.66 %
- ROE 0.48 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.50 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -1.83% over past five years.
- Company has a low return on equity of 2.25% over last 3 years.
- Working capital days have increased from 222 days to 419 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
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 4 | 6 | 12 | 6 | 6 | 7 | 7 | 6 | 24 | 15 | 7 | 61 | |
| 1 | 2 | 4 | 2 | 3 | 4 | 3 | 5 | 14 | 2 | 3 | 3 | 6 | |
| Operating Profit | 3 | 2 | 2 | 10 | 4 | 2 | 4 | 2 | -8 | 21 | 13 | 3 | 55 |
| OPM % | 70% | 57% | 40% | 84% | 59% | 37% | 61% | 27% | -151% | 90% | 84% | 51% | 90% |
| 2 | 2 | 3 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | |
| Interest | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 3 | 5 | 12 | 5 | 1 | 4 | 1 | -9 | 21 | 12 | 3 | 55 |
| Tax % | 26% | 14% | 19% | 17% | 3% | 39% | 7% | 51% | 29% | 25% | 23% | 23% | |
| 9 | 8 | 13 | 10 | 5 | 1 | 3 | 0 | -6 | 16 | 10 | 2 | 40 | |
| EPS in Rs | 4.89 | 4.53 | 7.69 | 5.72 | 2.82 | 0.39 | 1.98 | 0.22 | -3.62 | 8.89 | 5.50 | 1.26 | 22.73 |
| Dividend Payout % | 12% | 13% | 9% | 14% | 21% | 154% | 30% | 269% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -2% |
| 3 Years: | 6% |
| TTM: | 384% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -9% |
| 3 Years: | 33% |
| TTM: | 1295% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 27% |
| 3 Years: | 51% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | 2% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 138 | 145 | 157 | 121 | 125 | 124 | 128 | 286 | 238 | 371 | 459 | 428 | 500 |
| 0 | 8 | 0 | 0 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 6 | 6 | 5 | 7 | 7 | 24 | 5 | 10 | 3 | 24 | 49 | 25 | 40 | |
| Total Liabilities | 161 | 176 | 179 | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 558 |
| 22 | 22 | 22 | 21 | 20 | 20 | 20 | 18 | 17 | 17 | 17 | 16 | 16 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 95 | 98 | 102 | 33 | 56 | 70 | 86 | 276 | 223 | 353 | 473 | 427 | 512 |
| 43 | 56 | 55 | 92 | 73 | 87 | 45 | 20 | 19 | 43 | 35 | 28 | 29 | |
| Total Assets | 161 | 176 | 179 | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 558 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -10 | -20 | 10 | -38 | 5 | 31 | -14 | 1 | 5 | -10 | 8 | -18 | |
| 9 | 8 | 6 | 35 | 5 | -22 | 5 | 2 | -0 | 22 | -22 | 18 | |
| -1 | 8 | -11 | -2 | -3 | 11 | -12 | -1 | -1 | -0 | -0 | -0 | |
| Net Cash Flow | -2 | -5 | 5 | -5 | 7 | 20 | -22 | 2 | 4 | 12 | -14 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 90 | 11 | 24 | 835 | 224 | 56 | 12 | 13 | 0 | 3 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 52 | 90 | 11 | 24 | 835 | 224 | 56 | 12 | 13 | 0 | 3 | 1 |
| Working Capital Days | 2,256 | 3,696 | 2,368 | 2,367 | 3,181 | 919 | 1,514 | 88 | 109 | 185 | 62 | 419 |
| ROCE % | 3% | 3% | 3% | 8% | 4% | 1% | 3% | 1% | -3% | 6% | 3% | 1% |
Documents
Announcements
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Clarification On Price Movement Of Company''s Shares
21 Nov - With respect to your email dated 20th November 2023, please find the attached clarification on price movement.
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Clarification sought from Shardul Securities Ltd
21 Nov - Exchange has sought clarification from Shardul Securities Ltd on November 20, 2023 with reference to significant movement in price, in order to ensure that investors …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Nov - Newspaper Publication of the Extract of the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September 2023.
- Results - Financial Results For Quarter And Half Year Ended 30Th September, 2023 9 Nov
- Results - Financial Results For Quarter And Half Year Ended 30Th September, 2023 9 Nov
Annual reports
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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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Service Offerings
The Co. is engaged in Investment in Equity, trading in Bonds, Mutual Funds, Govt Securities and Treasury Bills, Commercial Papers, Certificates of Deposits, Derivatives including Options and Futures. It is also engaged in IPO funding, Forex advisory services, Loan Syndications and Broking Services. [1]