SHARDUL
Shardul Securities financials
- Market cap
- ₹485 Cr
- Sector
- Financial Services
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 fell 47.9% a year over 2 years, FY24 to FY26. Operating margin narrowed to -102.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹173 Cr | ₹62 Cr | ₹47 Cr |
| Operating profit | ₹162 Cr | ₹46 Cr | ₹-48 Cr |
| Operating margin | 93.6% | 74.2% | -102.1% |
| Interest | ₹0 Cr | ₹1 Cr | ₹15 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹98 Cr | ₹33 Cr | ₹-49 Cr |
| Net margin | 56.6% | 53.2% | -104.3% |
| Cash from operations | ₹21 Cr | ₹-40 Cr | ₹-23 Cr |
| Free cash flow | ₹22 Cr | ₹-40 Cr | ₹-26 Cr |
| ROCE | 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 Securities Limited 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 Securities Limited
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