---
title: "Shikhar Consultants Ltd (526883) — Share Price, Financials & Analysis"
symbol: "526883"
company: "Shikhar Consultants Ltd"
canonical: "https://tapetide.com/stocks/526883"
isin: "INE641B01011"
nse_symbol: "SHIKHARCONSULTANTSLTD"
bse_code: "526883"
sector: "Financial Services"
industry: "Finance"
market_cap_cr: 5.1
generated_at: "2026-09-13T18:46:47.225Z"
---

# Shikhar Consultants Ltd (526883)

Canonical page: https://tapetide.com/stocks/526883

## Company

- **NSE Symbol:** SHIKHARCONSULTANTSLTD
- **BSE Code:** 526883
- **ISIN:** INE641B01011
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-06-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shikharconsultants.com

## About

Incorporated in 1993, Shikhar Consultants Ltd is in the finance and investment business[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-07T04:33:45.082600Z.

- **Market Cap:** ₹5.1 Cr
- **Classification:** Microcap
- **P/E (reported):** -48.9
- **Book Value:** ₹3.79
- **Price to Book:** 2.97
- **Dividend Yield:** 0%
- **ROE:** -4.97%
- **ROCE:** -3.31%
- **Debt to Equity:** 0.47
- **Revenue (yearly):** ₹0 Cr
- **Net Income:** ₹-0.11 Cr
- **EBITDA:** ₹-0.11 Cr
- **52-Week High:** ₹22
- **52-Week Low:** ₹4.5

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -12.0% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 82% | 35.71% | -50% |
| ebitda margin growth | -0.1% | — | — | -100% |
| net income growth | -0.1% | 10% | 0% | -9% |
| revenue growth | 0% | — | — | -100% |
| roce | — | -81.66% | -16.41% | -5.65% |
| roe | — | -80.86% | -11.79% | 67.91% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.02 | 0.28 | 0.15 | 0.04 | 0.03 | 0.01 | 0.01 | 0.05 | 0.03 | 0.01 | 0.02 | 0.05 |
| Financing Profit | -0.02 | -0.28 | -0.15 | -0.04 | -0.03 | -0.01 | -0.01 | -0.05 | -0.03 | -0.01 | -0.02 | -0.05 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.02 | -0.28 | -0.15 | -0.04 | -0.03 | -0.01 | -0.01 | -0.05 | -0.03 | -0.01 | -0.02 | -0.05 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.02 | -0.28 | -0.15 | -0.04 | -0.03 | -0.01 | -0.01 | -0.05 | -0.03 | -0.01 | -0.02 | -0.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.01 | 0 | 0 | 0 | 0.08 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.14 | 0.04 | 0.07 | 0.08 | 0.09 | 0.11 | 0.5 | 0.09 | 0.11 | 0.11 |
| Financing Profit | -0.13 | -0.04 | -0.08 | -0.08 | -0.01 | -0.11 | -0.5 | -0.09 | -0.11 | -0.11 |
| Financing Margin % | -1300 | — | — | — | -12.5 | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.13 | -0.04 | -0.08 | -0.08 | -0.01 | -0.11 | -0.5 | -0.09 | -0.11 | -0.11 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.13 | -0.04 | -0.08 | -0.08 | -0.01 | -0.11 | -0.5 | -0.09 | -0.11 | -0.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 | 4.54 |
| Reserves | -1.69 | -1.82 | -1.86 | -1.93 | -2 | -2.01 | -2.12 | -2.62 | -2.71 | -2.82 |
| Borrowing | 0.03 | 0.05 | 0.07 | 0.13 | 0.19 | 0.16 | 0.29 | 0.84 | 0.92 | 1.01 |
| Other Liabilities | 0.07 | 0.16 | 0.07 | 0.08 | 0.09 | 0.14 | 0.1 | 0.16 | 0.17 | 0.2 |
| Total Liabilities | 2.95 | 2.93 | 2.82 | 2.82 | 2.82 | 2.83 | 2.81 | 2.92 | 2.92 | 2.93 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2.95 | 2.93 | 2.82 | 2.82 | 2.82 | 2.83 | 2.81 | 2.92 | 2.92 | 2.93 |
| Total Assets | 2.95 | 2.93 | 2.82 | 2.82 | 2.82 | 2.83 | 2.81 | 2.92 | 2.92 | 2.93 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -0.11 | -0.08 | -0.06 | 0.02 | -0.14 | -0.5 | -0.09 | -0.12 |
| Cash from Investing Activity | — | — | 0.11 | 0 | 0 | 0 | 0 | -0.1 | -0.01 | 0.02 |
| Cash from Financing Activity | — | — | 0.02 | 0.07 | 0.06 | -0.02 | 0.14 | 0.6 | 0.09 | 0.09 |
| Net Cash Flow | — | — | 0.01 | -0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Free Cash Flow | — | — | -0.11 | -0.08 | -0.06 | 0.02 | -0.14 | -0.5 | -0.09 | -0.12 |
| CFO/OP | — | — | 275 | 114 | 75 | -200 | 127 | 100 | 100 | 109 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 0.7 | -4.67 | -1.48 | -3.02 | -3.11 | -0.39 | -4.44 | -23.04 | -4.8 | -6.2 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% | 41.62% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 47.67% | 47.67% | 47.67% | 47.55% | 47.55% | 47.55% | 47.55% | 47.55% | 47.14% | 46.88% | 46.93% | 46.9% |
| Others | 10.71% | 10.71% | 10.71% | 10.83% | 10.83% | 10.83% | 10.83% | 10.83% | 11.24% | 11.51% | 11.45% | 11.49% |
| No. of Shareholders | 3303 | 3303 | 3302 | 3302 | 3302 | 3302 | 3302 | 3303 | 3294 | 3277 | 3353 | 3360 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 11.84 | Sell |
| EMA (10) | 11.64 | Sell |
| SMA (20) | 11.8 | Sell |
| EMA (20) | 11.8 | Sell |
| SMA (50) | 12.2 | Sell |
| EMA (50) | 12.36 | Sell |
| SMA (100) | 13.93 | Sell |
| EMA (100) | 12.42 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.69 | Neutral |
| MACD (12,26,9) | -0.22 | Sell |
| Stochastic (14,3,3) | 35.32 | Neutral |
| ADX (14) | 27.09 | Buy |
| Williams %R (14) | -85.87 | Buy |
| ATR (14) | 0.88 | High Volatility |
| ROC (12) | -5.57 | Sell |
| Stoch RSI (14) | 14.69 | Buy |
| UO (7,14,28) | 46.8 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5dabb1b7-a8d1-4c22-8ca3-b4591b2583ef.pdf) |
| 2026-09-08 | [33Rd Annual General Meeting Of The Company On September 30 2026 At 03.00 PM Through VC/ OAVM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2498885-48a7-4674-9f34-f0578d9465b6.pdf) |
| 2026-09-08 | [Corporate Action - Book Closure For Holding Of 33Rd AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc5ef03f-1e6d-49ae-8045-4f7c6b54138f.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50e033c2-20f6-45bc-9b06-415c82970c63.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd324ed1-7ab9-412d-bf7c-8bb626d76e85.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f636a59-7792-48ff-89d6-56eb29c0f735.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 14.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3439f68-cea4-43c9-8640-5ca8f71fe8fc.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Approving Un-Audited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15df8f04-72f5-46a7-a0c5-dbe673d0962e.pdf) |
| 2026-07-09 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On June 09 2026 - Appointment Of Company Secretary And Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=efc42cd7-9b95-494b-9046-6481584430b2.pdf) |
| 2026-07-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03a1b9d3-fa8b-45b9-8ee4-35af35253be6.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results - Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b746f204-9ae5-4fd3-a5c9-cd7391ee0a63.pdf) |
| 2026-05-29 | [Results - Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3574d148-2f76-41c8-82ee-13c8f3423676.pdf) |
| 2026-02-11 | [Results - Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4184f8f8-07e9-4f7e-91e2-4f605db4fa4a.pdf) |
| 2025-11-13 | [Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=969d03f2-ef1e-4387-b13f-ca602b9cdcdb.pdf) |
| 2025-08-14 | [Results - Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa49f971-1b75-460b-be19-dcd63b530996.pdf) |
| 2025-05-29 | [Results - Financial Results For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c26dafdd-dac5-4410-b968-ddff48ad0707.pdf) |
| 2025-02-10 | [Results - Financial Results For The Quarter Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c7ade5e-6098-4474-80e8-ac99712dd262.pdf) |
| 2024-11-14 | [Board Meeting Outcome for Submission Of Unaudited Financial Results Of The Company For The Quarter And Half Year Ended On 30Th Sep 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76f33661-833d-4304-8e07-5c3c97e9e030.pdf) |
| 2023-11-11 | [Unaudited Financial Results For The Half Year Ended 30Th September 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc4fc469-5675-4dcd-bb58-bf6744cf4a35.pdf) |
| 2023-08-11 | [Board Meeting Outcome for Unaudited Financial Result For The Quarter Ended 30 June, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c1b10dd-9407-4ec5-afc8-852822825884.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7h - Shikhar Consultants confirms it is not a Large Corporate as of March 31, 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 7h - Shikhar Consultants confirms it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/925788ee-a9f5-40d4-a93c-cd7d5adbdc87.pdf) |
| 5 Feb - Board meeting Feb 11, 2026 to approve unaudited results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for Approving Un-Audited Financial Results For The Quarter Ended December 31, 2025 5 Feb - Board meeting Feb 11, 2026 to approve unaudited results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d695b0ad-3903-4dc9-980c-75ace8f50bf6.pdf) |
| 31 Mar - Ms. Rashmi Bang resigned as Company Secretary and Compliance Officer effective March 31, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 31 Mar - Ms. Rashmi Bang resigned as Company Secretary and Compliance Officer effective March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6593c0c8-aea6-4f1e-9851-77e99fd4d3c7.pdf) |
| 27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026. | [Closure of Trading Window 27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d43fd3f-722d-46cf-bb18-27d0418c94d0.pdf) |
| 24 Apr - Shikhar Consultants confirms it is not a Large Corporate as of March 31, 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 24 Apr - Shikhar Consultants confirms it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/925788ee-a9f5-40d4-a93c-cd7d5adbdc87.pdf) |
| 19 Jan - Compliance Certificate as received from RTA of the Company | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 19 Jan - Compliance Certificate as received from RTA of the Company](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a396b306-6967-44c6-a51e-c001beb04839.pdf) |
| 13 Feb - Copy of the Newspaper Publication w.r.t. Financial Results for the Quarter ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Copy of the Newspaper Publication w.r.t. Financial Results for the Quarter ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9868e741-80a5-4df1-92f5-63ddb3abd07a.pdf) |
| 11 Feb - Standalone unaudited results for quarter ended Dec 31, 2025 approved with limited review report. | [Results - Financial Results For The Quarter Ended December 31, 2025 11 Feb - Standalone unaudited results for quarter ended Dec 31, 2025 approved with limited review report.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4184f8f8-07e9-4f7e-91e2-4f605db4fa4a.pdf) |
| 11 Feb - Board approved standalone unaudited results for quarter ended Dec 31, 2025; limited review attached. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On February 11, 2026 11 Feb - Board approved standalone unaudited results for quarter ended Dec 31, 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3ba9e7f-7064-485c-a8db-d4f00f7b66e8.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22f71dba-ed6f-4c62-94fb-829288c279b3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb78db09-f570-4977-adde-d72cbdfaafdd.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/793a2b40-df21-4274-9b37-3802b59b58a1.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5db833c-1f4e-4a91-b346-9f656a37f074.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/75064526883.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/72385526883.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/68205526883.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/5268830319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/5268830318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/5268830317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/526883/5268830316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:46:47.225Z.