SHAREINDIA
Share India Securities share price & financials
- Price
- ₹177.24
- Market cap
- ₹3.9k Cr
- Sector
- Financial Services
- Calls analysed
- 8
Share India Securities Limited Q1 FY27
What went well
- Consolidated PAT grew 48% YoY to ₹124.41 crores, demonstrating strong financial performance.
- Consolidated revenue from operations increased 31% YoY to ₹448 crores, reflecting robust business activity.
- Sequential consolidated PAT growth was an impressive 114%, indicating strong operational momentum.
What to watch
- The industry faced a rapidly evolving regulatory landscape, including SEBI measures in derivatives and RBI funding norms for top-desk trading.
- Heightened geopolitical uncertainties and continued volatility in global financial markets impacted mid-cap and small-cap stocks.
What Share India Securities Limited does
Share India Securities is a technology-driven financial services group offering broking and trading in equities, derivatives and commodities, along with merchant banking, mutual fund distribution and depository participant services, through a pan-India network of branches and franchises. Wholly owned subsidiaries extend the group into NBFC lending (Share India Fincap), insurance broking (Share India Insurance Brokers), wealth management/PMS (Share India Wealth Multiplier Solutions) and fixed-income distribution (Share India Cred Capital). It also runs an integrated algorithmic-trading ecosystem — uTrade Solutions (algo strategy platform), Algowire Trading Technologies (low-latency execution infrastructure) and Silverleaf Securities Research (quantitative strategy development) — that powers both its own proprietary trading desk and client-facing algo products. Revenue is earned from brokerage/trading, NBFC interest income, merchant banking fees, insurance commissions and technology/platform subscriptions.
Segments
- Broking & Trading
- NBFC
- Merchant Banking
- Insurance
- Technology Services
- Branches & franchises
- 223 branches and franchises across 17 states
- Employees
- 3,822
- Broking clients
- 47,253
- Institutional clients
- 186
- NBFC branches
- 73
- NBFC client base
- 40,320
Guidance record · Q1 FY27
what the last two calls moved 31 tracked 6 delivered 7 missed 18 open- PAT margins missed said Q2 FY25 Promised: maintain similar margins (around 27%) Q1 FY27: This abandoned promise was not mentioned.
- Trading revenue contribution at risk said Q2 FY25 Promised: not more than 40% in three years Q1 FY27: Management stated prop business contributes approximately 58-60% of revenue. This is significantly above the <40% target and shows a negative trend from previous commentary.
- Silverleaf Revenue Growth (post-merger) on track said Q3 FY26 Promised: multiply by 2x to 3x in next one or two years Q1 FY27: Management commentary confirms the acquisition of Silverleaf is complete. The condition for this promise is now met, and the clock for the 1-2 year growth period starts now.
All 31 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 31.4%, net profit up 47.6% 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 | 453 | 342 | 239 | 341 | 341 −25% | 372 +9% | 416 +74% | 448 +31% |
| EBITDA | 186 | 131 | 52 | 138 | 159 −15% | 156 +19% | 117 +125% | 201 +46% |
| Net profit | 124 | 82 | 19 | 84 | 93 −25% | 89 +9% | 58 +205% | 124 +48% |
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 +35.3% 1Y
1Y: ₹147.02 on 10 Sept 2025 → ₹198.93. High ₹206.34 (28 Oct 2025), low ₹117.38 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.7%
- 27 Jul
- Q4 FY26
- −0.2%
- 20 May
- Q3 FY26
- +3.7%
- 28 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 10.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 38.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.1k Cr | ₹1.5k Cr | ₹1.4k Cr | ₹1.5k Cr |
| Operating profit | ₹492 Cr | ₹658 Cr | ₹516 Cr | ₹570 Cr |
| Operating margin | 45.2% | 44.4% | 35.6% | 38.8% |
| Interest | ₹57 Cr | ₹90 Cr | ₹90 Cr | ₹131 Cr |
| Depreciation | ₹12 Cr | ₹14 Cr | ₹18 Cr | ₹16 Cr |
| Net profit | ₹331 Cr | ₹426 Cr | ₹328 Cr | ₹324 Cr |
| Net margin | 30.4% | 28.7% | 22.7% | 22.0% |
| Cash from operations | ₹-170 Cr | ₹-310 Cr | ₹6 Cr | ₹-182 Cr |
| Free cash flow | ₹-181 Cr | ₹-328 Cr | ₹4 Cr | ₹-186 Cr |
| ROCE | 52.0% | 38.0% | 21.0% | 18.0% |
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 | ₹32 Cr | ₹32 Cr | ₹33 Cr | ₹38 Cr | ₹44 Cr | ₹44 Cr |
| Reserves | ₹248 Cr | ₹415 Cr | ₹973 Cr | ₹1.7k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Borrowings | ₹119 Cr | ₹199 Cr | ₹202 Cr | ₹403 Cr | ₹548 Cr | ₹695 Cr |
| Other liabilities | ₹462 Cr | ₹784 Cr | ₹632 Cr | ₹719 Cr | ₹1.3k Cr | ₹1.3k Cr |
| Total liabilities | ₹861 Cr | ₹1.4k Cr | ₹1.8k Cr | ₹2.9k Cr | ₹4.3k Cr | ₹4.6k Cr |
| Fixed assets | ₹38 Cr | ₹53 Cr | ₹63 Cr | ₹76 Cr | ₹71 Cr | ₹65 Cr |
| Capital work in progress | ₹0 Cr | ₹10 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹67 Cr | ₹8 Cr | ₹6 Cr | ₹149 Cr | ₹275 Cr | ₹228 Cr |
| Other assets | ₹756 Cr | ₹1.4k Cr | ₹1.8k Cr | ₹2.6k Cr | ₹4.0k Cr | ₹4.3k Cr |
| Total assets | ₹861 Cr | ₹1.4k Cr | ₹1.8k Cr | ₹2.9k Cr | ₹4.3k Cr | ₹4.6k 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.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Share India Securities Limited
Guides on how to read this kind of business and the numbers that matter.