512393
Shardul Sec. financials
- Market cap
- ₹485 Cr
- Sector
- Financial Services
What Shardul Sec. does
Shardul Securities Limited is a Systemically Important Non-Deposit taking NBFC that carries out investment and finance activities in India as its sole reportable business segment. Its wholly owned subsidiary, Shriyam Broking Intermediary Limited, conducts stock-broking operations, while another wholly owned subsidiary, Shriyam Realtors Private Limited, holds real-estate-related interests acquired from the broking subsidiary. The company does not accept public deposits.
Segments
- Investment & Finance Activities
- Permanent employees on rolls
- 9
- Wholly owned subsidiaries
- 2 (Shriyam Broking Intermediary Limited — stock broking; Shriyam Realtors Private Limited — real estate holding)
- NBFC classification
- Systemically Important, Non-Deposit taking NBFC
- Reportable business segments
- 1 (Investment & Finance Activities)
Quarterly results
Q1 FY27: revenue up 101.1%, net profit up 104.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40 | -33 | -85 | 94 | -39 −197% | -13 +61% | 5 +106% | 189 +101% |
| EBITDA | 36 | -38 | -89 | 89 | -44 −222% | -17 +55% | -76 +15% | 185 +108% |
| Net profit | 29 | -40 | -70 | 70 | -38 −231% | -17 +57% | -64 +9% | 143 +104% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +9.6% 1Y
1Y: ₹50.64 on 10 Sept 2025 → ₹55.5. High ₹59.55 (22 Jul 2026), low ₹21.56 (27 Mar 2026).
Financials, as filed
Revenue grew 67.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to -102.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹10 Cr | ₹173 Cr | ₹62 Cr | ₹47 Cr |
| Operating profit | ₹3 Cr | ₹162 Cr | ₹46 Cr | ₹-48 Cr |
| Operating margin | 30.0% | 93.6% | 74.2% | -102.1% |
| Interest | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹15 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹2 Cr | ₹98 Cr | ₹33 Cr | ₹-49 Cr |
| Net margin | 20.0% | 56.6% | 53.2% | -104.3% |
| Cash from operations | ₹-18 Cr | ₹21 Cr | ₹-40 Cr | ₹-23 Cr |
| Free cash flow | ₹-18 Cr | ₹22 Cr | ₹-40 Cr | ₹-26 Cr |
| ROCE | 1.0% | 29.0% | 7.0% | -6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹371 Cr | ₹459 Cr | ₹428 Cr | ₹654 Cr | ₹718 Cr | ₹640 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹185 Cr | ₹274 Cr |
| Other liabilities | ₹24 Cr | ₹49 Cr | ₹25 Cr | ₹16 Cr | ₹17 Cr | ₹3 Cr |
| Total liabilities | ₹412 Cr | ₹525 Cr | ₹471 Cr | ₹697 Cr | ₹938 Cr | ₹934 Cr |
| Fixed assets | ₹17 Cr | ₹17 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Investments | ₹353 Cr | ₹473 Cr | ₹427 Cr | ₹649 Cr | ₹858 Cr | ₹845 Cr |
| Other assets | ₹43 Cr | ₹35 Cr | ₹28 Cr | ₹32 Cr | ₹63 Cr | ₹70 Cr |
| Total assets | ₹412 Cr | ₹525 Cr | ₹471 Cr | ₹697 Cr | ₹938 Cr | ₹934 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.30 pp while the public trimmed −0.30 pp. The shareholder count shrank 11% to 6,805.
- Promoters
- 74.8%
- FIIs
- 0.3%
- Public
- 24.9%
Since Jun 2025
- FIIs +0.30 pp
- Public −0.30 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, Public 25.2%.Dec '23: Promoters 74.8%, Public 25.2%.Mar '24: Promoters 74.8%, Public 25.2%.Jun '24: Promoters 74.8%, Public 25.2%.Sep '24: Promoters 74.8%, Public 25.2%.Dec '24: Promoters 74.8%, Public 25.2%.Mar '25: Promoters 74.8%, Public 25.2%.Jun '25: Promoters 74.8%, Public 25.1%.Sep '25: Promoters 74.8%, FIIs 0.2%, Public 24.9%.Dec '25: Promoters 74.8%, FIIs 0.3%, Public 24.9%.Mar '26: Promoters 74.8%, FIIs 0.3%, Public 24.9%.Jun '26: Promoters 74.8%, FIIs 0.3%, Public 24.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Shardul Sec. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gagan Dinanath Chaturvedi | 16.21% | unchanged |
| Rajesh D Chaturvedi | 14.89% | unchanged |
| A To Z Broking Services LLP | 12.11% | unchanged |
| Devesh D Chaturvedi | 10.87% | unchanged |
| Brijesh D Chaturvedi | 6.38% | unchanged |
| Angular Trading Pvt Ltd | 5.61% | unchanged |
| Shriyam Commodities Intermediary LLP | 5.33% | unchanged |
| Shruti Gagan Chaturvedi | 4.16% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 3.59% | unchanged |
| Bhaskar Arvind Hingad | 2.24% | unchanged |
| Raghav R Chaturvedi | 1.42% | unchanged |
| Glenmord Commercial Services Pvt Ltd | 1.14% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Shardul Sec.
Guides on how to read this kind of business and the numbers that matter.