Shardul Securities share price & results
- Sept 2026
- Sept 2026
Mumbai-based systemically-important, non-deposit-taking NBFC engaged in investment & finance activities, with stock-broking and real-estate holding subsidiaries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | -26.0 | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Operating margin | Operating profit / revenue | Quarter to Sept 2026 | Not in the filed figures for the quarter to sept 2026. No older figure is substituted. | ||
| Net profit | -33.0 | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 3.78 | −12.0 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -150.00 | −84.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −11.0 pts | Trailing twelve months | TTM to Sept 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance −8.0% 1Y
1Y: ₹50.01 on 24 Oct 2025 → ₹46. High ₹59.55 (22 Jul 2026), low ₹21.56 (27 Mar 2026).
- Previous close
- ₹47.5
- Market cap
- ₹411 Cr
- 52-week range
- ₹21.56 – ₹59.55
- One year
- −9.11%
- Price to earnings (TTM to Sept 2026)
- 14.17×
- Return on equity (TTM to Sept 2026)
- 3.78%
Overview
- Symbol
- NSE:SHARDUL
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Shardul Securities Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +13% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | -33 | -85 | 94 | -39 | -13 | 5 | 189 | -26 |
| Expenses | 5 | 4 | 5 | 5 | 4 | 81 | 4 | 5 |
| Operating profit | -38 | -89 | 89 | -44 | -17 | -76 | 185 | -31 |
| Operating margin | — | — | 95.0% | — | — | −1663.0% | 98.0% | — |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 4 | 5 | 5 | 8 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -38 | -89 | 88 | -48 | -22 | -82 | 177 | -41 |
| Tax rate | 5.0% | −22.0% | 20.0% | −20.0% | −21.0% | −22.0% | 19.0% | −19.0% |
| Net profit | -40 | -70 | 70 | -38 | -17 | -64 | 143 | -33 |
| EPS (₹ per share) | -4.56 | -7.97 | 8.04 | -4.40 | -1.97 | -7.29 | 16.31 | -3.75 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 10 | 173 | 62 | 47 |
| Expenses | 8 | 10 | 16 | 95 |
| Operating profit | 3 | 162 | 46 | -48 |
| Other income | 0 | 1 | 0 | 0 |
| Interest | 0 | 0 | 1 | 15 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 163 | 45 | -64 |
| Net profit | 2 | 98 | 33 | -49 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 428 | 654 | 686 | 718 | 640 | 750 |
| Borrowings | 0 | 10 | 23 | 185 | 274 | 454 |
| Other liabilities | 25 | 16 | 11 | 17 | 3 | 15 |
| Total liabilities | 471 | 697 | 738 | 938 | 934 | 1,237 |
| Fixed assets | 16 | 16 | 16 | 16 | 17 | 17 |
| Capital work in progress | 0 | 0 | 0 | 0 | 2 | 5 |
| Investments | 427 | 649 | 682 | 858 | 845 | 989 |
| Other assets | 28 | 32 | 41 | 63 | 70 | 226 |
| Total assets | 471 | 697 | 738 | 938 | 934 | 1,237 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -10 | 8 | -18 | 21 | -40 | -23 |
| Cash from investing | 22 | -22 | 18 | -24 | 17 | -209 |
| Cash from financing | 0 | 0 | 0 | 10 | 12 | 236 |
| Net cash flow | 12 | -14 | -1 | 7 | -11 | 4 |
| Free cash flow | -10 | 8 | -18 | 22 | -40 | -26 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 0 | 3 | 0 | 0 | 1 | 1 |
| Cash conversion cycle | 0 | 3 | 0 | 0 | 1 | 1 |
| Working capital days | 185 | 62 | 208 | 3 | 97 | 94 |
| Return on capital employed | 6.0% | 3.0% | 1.0% | 29.0% | 7.0% | −6.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Investment and Finance activities contributes 98.4% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Investment and Finance activities 98.4%
₹186.47 crore
- Other activities 1.6%
₹2.97 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Investment and Finance activities | 186.47 | 98.4% |
| Other activities | 2.97 | 1.6% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹189.44 crore
- Intersegment adjustment
- ₹0.03 crore
- Net segment revenue
- ₹189.41 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Jun 2025 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Investment and Finance activities | — | — | — | — | — | — | 98% | — |
| Other activities | — | — | — | — | — | — | 2% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 74.85% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 74.85%
- Foreign institutions 0.30%
- Public 24.86%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +20.94 pp 26.27% held
- +1.17 pp 2.23% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Shardul Securities Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 26.27% | +20.94 pp | |
| 14.89% | unchanged | |
| 12.11% | unchanged | |
| 10.87% | unchanged | |
| 6.38% | unchanged | |
| 5.61% | unchanged | |
| 3.59% | unchanged | |
| 2.24% | unchanged | |
| 2.23% | +1.17 pp | |
| 1.42% | unchanged | |
| 1.14% | unchanged | |
| 1.06% | 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.
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