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Shardul Securities

SHARDUL NSE
₹47.57 −0.92 (−1.90%)
P/E
24.03
View as Markdown
MCP
Close 4 Nov 2026 ₹47.57 +1.35 +2.92% 1Y
Start ₹46.22

Key Fundamentals

MicrocapCapital MarketsFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
−8.92%
Debt to Equity
0.74
EPS (TTM)
₹1.98
Book Value
₹87.74
Market Cap
—
P/E (TTM)
24.03
P/B
0.54
ROE
−10.80%
Dividend Yield
0.00%
EBITDA
−₹48.20 Cr
52W High
₹60.00
52W Low
₹20.14
Day Range
₹47.20 – ₹50.90
Volume
2,613

Peer Comparison

Financial Services › Capital Markets › Stock Broking › Stockbroking & Allied

Shardul Securities peer comparison
Groww
₹207.2348.08₹1,31,118 Cr11.230.00%28.80%37.30%₹5,724 Cr₹2,693 Cr
Motilal Oswal Financial Services
₹1,013.0030.77₹61,868 Cr3.930.59%15.50%12.70%₹10,063 Cr₹1,984 Cr
360 One WAM
₹1,068.7034.83₹44,218 Cr3.671.27%14.40%12.10%₹4,664 Cr₹1,247 Cr
Nuvama Wealth Management
₹1,846.4030.99₹34,294 Cr8.310.75%27.40%17.50%₹4,884 Cr₹1,083 Cr
Angel One
₹312.1024.63₹28,381 Cr4.280.77%15.60%14.80%₹5,651 Cr₹1,155 Cr
IIFL Capital Services
₹349.0519.09₹10,997 Cr3.180.86%16.20%21.10%₹2,434 Cr₹572 Cr
Share India Securities
₹182.9211.01₹4,051 Cr1.380.49%13.00%18.40%₹1,577 Cr₹364 Cr
Shardul Securities (this company)
₹47.5724.03₹424 Cr0.540.00%−10.80%−8.92%₹126 Cr₹18 Cr
Median 8 companies₹330.5827.70₹31,337 Cr3.800.67%15.55%16.15%₹4,774 Cr₹1,119 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 100/100

surveillance:ESM1

Category scores

Quality
60
Good
Returns, margins, earnings quality 22% weight
Valuation
49
Average
Cheap vs sector & own history 24% weight
Growth
7
Poor
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
96
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.72 times its book value
  • Market value of investments Rs.710 Cr. is more than the Market Cap Rs.442 Cr.

Weaknesses

4
  • 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.
  • Working capital days have increased from 29.2 days to 89.7 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish946
OscillatorsBullish243
Moving AveragesStrong Bearish703

Key readings

RSI (14)
35.74
Neutral
MACD (12,26,9)
−1.97
Bearish
SMA (50)
54.02
Bearish
SMA (200)
38.07
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y0.00%
5Y−24.21%
3Y−20.63%
1Y−88.10%
TTMTurned positive

Net profit

Net profit growth by window
10YTurned to loss
5YTurned to loss
3YTurned to loss
1YTurned to loss
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹9 Cr
3YOutflow widened by ₹1 Cr
1YOutflow narrowed by ₹11 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YTiny sales
5YTiny sales
3YTiny sales
1YTiny sales
TTMNo sales

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3.00 Cr
Mar 2018₹5.00 Cr
Mar 2019₹5.00 Cr
Mar 2020₹4.00 Cr
Mar 2021₹20.00 Cr
Mar 2022₹12.00 Cr
Mar 2023₹10.00 Cr
Mar 2024₹160 Cr
Mar 2025₹42.00 Cr
Mar 2026₹5.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.00 Cr
Mar 2018₹3.00 Cr
Mar 2019₹0.00 Cr
Mar 2020−₹6.00 Cr
Mar 2021₹14.00 Cr
Mar 2022₹8.00 Cr
Mar 2023₹1.00 Cr
Mar 2024₹94.00 Cr
Mar 2025₹22.00 Cr
Mar 2026−₹59.00 Cr

Quarterly Results

₹ Cr
512393 quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
27
57
47
115
37
−29
−81
81
−40
−20
1
173
−28
Expenses
2
1
3
3
3
3
2
3
4
3
74
2
3
Operating Profit
25
56
43
113
33
−32
−82
78
−44
−23
−72
171
−31
OPM %
92%
98%
93%
98%
91%
—
—
96%
—
—
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
99%
—
Other Income
0
0
1
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
0
1
1
4
5
5
8
10
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
25
56
44
112
33
−32
−83
76
−48
−28
−78
163
−40
Tax %
36%
28%
62%
16%
22%
4%
−22%
20%
−21%
−22%
−23%
19%
−20%
Net Profit
16
40
17
94
26
−33
−65
61
−38
−22
−60
132
−32
EPS (₹)
1.8
4.57
1.89
10.73
2.96
−3.81
−7.41
6.95
−4.33
−2.5
−6.86
15.04
−3.7

Profit & Loss

₹ Cr
512393 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10
5
3
5
5
4
20
12
10
160
42
5
126
Expenses
1
1
2
2
4
12
1
1
8
8
11
67
81
Operating Profit
9
4
1
3
1
−9
19
10
2
152
32
−61
45
OPM %
89%
72%
38%
65%
25%
−223%
94%
90%
20%
95%
75%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
36%
Other Income
3
2
0
0
0
0
0
0
0
1
0
0
0
Interest
0
0
1
1
1
0
0
0
0
0
1
15
28
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
1
PBT
11
5
0
3
0
−9
18
10
2
152
30
−77
17
Tax %
17%
4%
39%
12%
90%
−26%
25%
22%
33%
38%
29%
−24%
—
Net Profit
9
5
0
3
0
−6
14
8
1
94
22
−59
17
EPS (₹)
1.05
0.55
0.03
0.29
0.01
−0.74
1.57
0.9
0.14
10.76
2.47
−6.74
1.98
Div. Payout %
15%
22%
477%
42%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
512393 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
18
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
598
Borrowings
0
0
0
0
0
0
0
0
0
10
23
274
454
Other Liabilities
5
3
3
2
7
2
17
25
22
11
9
1
9
Total Liabilities
111
113
112
114
256
211
329
413
384
574
607
791
1,078
Fixed Assets
14
14
13
13
13
13
12
12
12
11
12
13
12
CWIP
0
0
0
0
0
0
0
0
0
0
0
1
3
Investments
28
45
44
68
234
192
306
398
366
558
591
761
900
Other Assets
69
55
55
33
9
7
11
3
6
5
4
16
163
Total Assets
111
113
112
114
256
211
329
413
384
574
607
791
1,078

Cash Flow

₹ Cr
512393 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−42
17
5
4
1
5
−1
−1
−9
22
−21
−10
Investing
38
−10
8
−20
2
−1
6
−7
10
−31
5
−224
Financing
−1
−3
0
−1
−1
−1
0
0
0
10
12
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
−22
−12
CFO/EBITDA
−451
489
380
137
98
−63
−3
−9
−422
50
−25
14

Ratios

512393 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
150
1,001
383
0
0
0
0
4
0
0
21
0
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
90
ROCE %
11%
5%
1%
3%
1%
−4%
7%
3%
0%
33%
5%
−9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shardul Securities insights

45 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.85%
  • Others 15.79%
  • Public 9.07%
  • FIIs 0.30%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Shardul Securities

What does Shardul Securities Ltd do?
Incorporated in 1985, Shardul Securities Ltd is engaged in Investment and Finance activities including Broking activities
Where is Shardul Securities Ltd (SHARDUL) listed?
Shardul Securities Ltd trades as SHARDUL on the NSE and under code 512393 on the BSE.
Which sector does Shardul Securities Ltd belong to?
Shardul Securities Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the PE ratio of Shardul Securities Ltd?
Shardul Securities Ltd trades at a PE ratio of 24.03 as of 4 Nov 2026, on earnings per share of ₹1.98, against a book value of ₹87.74 per share.
What is the 52-week high and low of Shardul Securities Ltd?
Over the last 52 weeks Shardul Securities Ltd has traded between ₹20.14 and ₹60 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Shardul Securities Ltd?
Shardul Securities Ltd reported a return on equity of -10.80%. Its debt-to-equity ratio is 0.74.

Company Information

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

Website shardulsecurities.com
Listed 20 Apr 2026
Face Value ₹2

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