Shardul Securities Ltd
Incorporated in 1985, Shardul Securities
Ltd is engaged in Investment and Finance activities including Broking activities[1]
- Market Cap ₹ 337 Cr.
- Current Price ₹ 192
- High / Low ₹ 259 / 86.2
- Stock P/E 4.37
- 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 0.65 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 | 115 | |
1 | 2 | 4 | 2 | 3 | 4 | 3 | 5 | 14 | 2 | 3 | 3 | 7 | |
Operating Profit | 3 | 2 | 2 | 10 | 4 | 2 | 4 | 2 | -8 | 21 | 13 | 3 | 108 |
OPM % | 70% | 57% | 40% | 84% | 59% | 37% | 61% | 27% | -151% | 90% | 84% | 51% | 94% |
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 | 107 |
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 | 77 | |
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 | 44.00 |
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: | 579% |
Compounded Profit Growth | |
---|---|
10 Years: | -12% |
5 Years: | -9% |
3 Years: | 33% |
TTM: | 881% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 29% |
3 Years: | 58% |
1 Year: | 86% |
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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Compliance Certificate Under Regulation 7(3) SEBI (LODR) Regulation, 2015.
10 Apr - Under Clause 7(3) of SEBI (LODR) Regulations, 2015 we are hereby enclosing copy of the certificate jointly issued by the Company and Company''s RTA for …
- Revised Outcome For The Annual General Meeting Held On 27Th September, 2023 W.R.T To Your Email Dated 06Th April, 2024. 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - In compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 we hereby submit certificate received from Link InTime India Private Limited for the …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Apr
- Closure of Trading Window 27 Mar
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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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