Overview

Detailed Summary

Shardul Securities Ltd. is primarily involved in investment banking, focusing on equity, debt investments, merchant banking, and brokerage services.
The company transitioned from lending to investment banking, acquiring SEBI registration as a category-I merchant banker as early as 1993.
Shardul Securities is an NSE member through its subsidiary, Shriyam Broking Intermediary, enhancing its capabilities in the debt and capital market segments.
The company has strategic investments, having acquired a significant stake in Antique Stock Broking Ltd., showcasing its presence in the financial sector.
Shardul Securities expanded into commodity trading by establishing Shardul Commodities International Limited, indicating diversification into various financial services.

Sector: Capital Markets
Industry: Stockbroking & Allied
Market Cap: 470 Cr
Volatility: Moderate Risk
P/E Ratio: 20.3
Industry P/E: 39.8
PEG Ratio: -0.1
P/B Ratio: 0.8
52W High: 59.55
52W Low: 20.14

Sales CAGR

1Y: -63.86%
3Y: 54.75%
5Y: 61.89%
10Y: 59.13%

Profit CAGR

1Y: -66.27%
3Y: 40.06%
5Y: —
10Y: 18.05%

ROE

TTM: -7.47%
3Y: 7.30%
5Y: 5.89%
10Y: 4.39%

ROCE

TTM: -5.23%
3Y: 11.16%
5Y: 8.72%
10Y: 6.53%

Technicals

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Forecasts

Peers

Financial Services Financial Services Capital Markets Stockbroking & Allied

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
BIRLAMONEY		132.75	750 Cr	13.25	2.50	0.00	19.48	8.58	1.56
EMKAY		235.00	645 Cr	42.42	1.59	0.61	3.99	6.58	0.87
SHARDUL		56.58	495 Cr	21.35	0.75	0.00	-7.47	-5.23	2.48
PESB		254.10	403 Cr	20.59	2.28	0.39	11.17	14.18	6.08
ALMONDZ		12.98	227 Cr	7.91	0.84	0.00	10.67	11.57	7.49
SWASTIKA		108.00	217 Cr	15.95	1.60	0.56	9.61	18.06	2.79
RIKHAV		47.25	181 Cr	9.55	0.74	0.00	7.72	12.40	4.76
Median: 7 Co.	—	108.00	403 Cr	15.95	1.59	0.00	9.61	11.57	2.79

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	54	140	40	-33	-85	94	-39	-13	4.59	189
Expenses	4.26	3.47	4.27	4.66	3.83	4.70	5.05	3.82	81	4.28
Interest	0.23	0.22	0.21	0.23	0.52	1.34	3.78	4.86	5.36	7.76
Financing Profit	49	136	36	-38	-89	88	-48	-22	-82	177
Financing Margin %	91.61	97.37	88.83	114.87	105.13	93.58	122.46	166.21	-1,779.52	93.64
Other Income	0.78	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.15
Depreciation	0.10	0.11	0.11	0.11	0.12	0.13	0.13	0.14	0.17	0.17
Profit Before Tax	50	136	36	-38	-89	88	-48	-22	-82	177
Tax %	67.58	16.51	19.06	-5.41	21.89	20.00	20.24	21.30	22.11	19.49
Net Profit	16	114	29	-40	-70	70	-39	-17	-64	143
EPS in Rs	1.84	13.02	3.29	-4.56	-7.97	8.04	-4.40	-1.97	-7.29	—
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	0.90	5.24	6.04	6.87	5.50	24	15	13	173	63	141
Expenses	2.50	3.69	2.85	5.12	14	2.59	2.64	10	10	16	94
Interest	0.28	0.73	0.62	0.59	0.00	0.00	0.06	0.02	0.38	1.18	22
Financing Profit	-1.89	0.82	2.58	1.16	-8.61	21	13	3.21	162	45	26
Financing Margin %	-209.75	15.71	42.66	16.89	-156.56	89.05	82.45	24.06	93.89	72.19	18.11
Other Income	7.50	0.71	1.57	0.04	0.11	0.02	0.12	0.02	0.80	0.02	0.15
Depreciation	0.52	0.42	0.41	0.41	0.39	0.36	0.36	0.37	0.39	0.44	0.61
Profit Before Tax	5.10	1.12	3.74	0.79	-8.88	21	12	2.86	163	45	25
Tax %	3.21	38.78	7.27	50.97	28.65	24.99	22.62	22.84	39.90	26.35	7.91
Net Profit	4.93	0.68	3.47	0.39	-6.34	16	9.63	2.21	98	33	23
EPS in Rs	—	—	—	0.04	-0.73	1.78	1.10	0.25	11.18	3.77	-5.62
Dividend Payout %	21.28	153.85	30.30	272.73	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	17	17	17	17	17	17	17	17	17	17
Reserves	125	124	128	286	238	371	459	428	654	686
Borrowings	0.00	11	0.00	0.00	0.00	0.00	0.00	0.00	9.89	23
Other Liabilities	6.91	24	5.09	10	3.48	24	49	25	16	11
Total Liabilities	149	177	150	314	259	412	525	471	697	738
Fixed Assets	20	20	20	13	13	12	3.85	3.90	3.69	3.91
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	276	223	353	473	427	649	682
Other Assets	129	157	131	25	23	47	48	40	44	53
Total Assets	149	177	150	314	259	412	525	471	697	738

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	4.65	31	-14	1.24	5.42	-9.70	8.29	-18	20	-36
Cash from Investing Activity	5.43	-22	5.00	2.14	-0.29	22	-23	18	-23	12
Cash from Financing Activity	-2.86	11	-12	-1.29	-1.27	-0.03	-0.04	-0.05	9.85	13
Net Cash Flow	7.22	20	-22	2.09	3.87	12	-14	-0.56	7.20	-11

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	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	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.85%	74.85%	74.85%	74.85%	74.85%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.30%	0.30%	0.30%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.16%	25.15%	24.90%	24.85%	24.85%	24.85%
Total Shareholders	5,887	5,901	6,274	6,120	6,507	6,589	7,793	7,671	7,405	7,245	6,813	6,805

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Projection

Documents

Presentations

Concalls

Reports

Presentations

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Actions

Action Type

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Announcements

Last 7 days

Sentiment

Shareholding Pattern

3 days ago

Shardul Securities: Promoter inter-se share transfer

Shardul Securities Ltd: Shriyam Commodities Intermediary LLP (a promoter group member) acquired 20.94% equity via inter‑se transfer from other promoter group members. Disclosure dated 2026-07-20 under Reg 29(2) SEBI SAST.

Shareholding Pattern

3 days ago

Shardul Securities: Promoter-group transfer to Shriyam LLP

Shardul Securities Ltd: Shriyam Commodities Intermediary LLP acquired 1,83,20,010 equity shares (20.94%) via inter-se transfer from promoter/promoter-group sellers on 16 July 2026; disclosure filed under Reg.10(6).

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Frequently Asked Questions about Shardul Securities Ltd

Shardul Securities Ltd (SHARDUL) is currently trading at 53.76 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Shardul Securities Ltd. is primarily involved in investment banking, focusing on equity, debt investments, merchant banking, and brokerage services. The company transitioned from lending to investment banking, acquiring SEBI registration as a category-I merchant banker as early as 1993. Shardul Securities is an NSE member through its subsidiary, Shriyam Broking Intermediary, enhancing its capabilities in the debt and capital market segments. The company has strategic investments, having acquired a significant stake in Antique Stock Broking Ltd., showcasing its presence in the financial sector. Shardul Securities expanded into commodity trading by establishing Shardul Commodities International Limited, indicating diversification into various financial services.

Over the past 52 weeks, Shardul Securities Ltd has traded between a low of ₹20.14 and a high of ₹59.55. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Shardul Securities Ltd has a market capitalization of approximately 495.03. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Shardul Securities Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 21.35 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 495.03 Cr, Shardul Securities Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Shardul Securities Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Shardul Securities Ltd is 21.35. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Shardul Securities Ltd

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