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Shardul Securities

SHARDUL NSE
₹49.20 up 1.17 (2.44%)
Market Cap
₹430 Cr
P/E
24.85

Shardul Securities (SHARDUL) share price was ₹48.03 at the 28 Oct 2026 close; market capitalisation ₹420 Cr; P/E (TTM) 24.26; sector Capital Markets. The share price fell 5.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue was −₹28 Cr, against −₹40 Cr a year earlier and net profit was −₹32 Cr, against −₹38 Cr a year earlier (compared with Sep 2025). Promoters held 74.85% of Shardul Securities in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 48/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹48.03 −1.55 −3.13% 1Y

Key Fundamentals

MicrocapCapital MarketsFinancial Services
Market Cap
₹430 Cr
P/E (TTM)
24.85
EBITDA
−₹48.20 Cr
Return on Equity
-7.47%
Debt to Equity
0.53
Book Value
₹87.74
EPS (TTM)
₹1.98
52W High
₹60.00
52W Low
₹20.14

Price-based figures as of 29 Oct 2026, 10:39 IST · EPS basis: Consolidated · TTM

Peer Comparison

Financial Services › Capital Markets › Stock Broking › Stockbroking & Allied

Groww
₹190.0644.101,19,236 Cr10.300.00%21.58%29.33%5,886 Cr2,693 Cr
Motilal Oswal Financial Services
₹987.4029.9959,538 Cr4.620.62%14.40%17.80%10,045 Cr1,984 Cr
360 One WAM
₹997.7032.5240,698 Cr3.431.39%12.37%13.34%4,924 Cr1,247 Cr
Nuvama Wealth Management
₹1,716.1028.8031,665 Cr7.720.83%25.23%21.05%4,922 Cr1,083 Cr
Angel One
₹294.2523.2226,896 Cr4.040.83%14.88%27.12%5,670 Cr1,155 Cr
IIFL Capital Services
₹347.9519.0310,967 Cr3.580.88%18.35%25.96%2,644 Cr572 Cr
Share India Securities
₹179.0610.783,894 Cr1.490.28%12.22%18.67%1,596 Cr364 Cr
Shardul Securities (this company)
₹49.2024.85430 Cr0.560.00%-7.47%-5.23%155 Cr18 Cr
Median 8 companies₹321.1026.8329,280 Cr3.810.73%14.64%19.86%4,923 Cr1,119 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

48 Average
Overall score

Data confidence 100/100

surveillance:ESM1

Category scores

Quality Good 60
Returns, margins, earnings quality 22% weight
Valuation Average 49
Cheap vs sector & own history 24% weight
Growth Poor 7
Sales & profit trajectory 9% weight
Financial Health Poor 22
Solvency, leverage, coverage 9% weight
Momentum Strong 97
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.72 times its book value
  • Market value of investments Rs.710 Cr. is more than the Market Cap Rs.442 Cr.

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.9% over past five years.
  • Company has a low return on equity of 3.60% over last 3 years.
  • Working capital days have increased from 29.2 days to 89.7 days

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

Bearish

Bearish
8
Neutral
4
Bullish
7

Moving Averages

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
-74.44% lower than 3Y

change over 1 year

Net Income Growth
-249% lower than 3Y

change over 1 year

Cash Flow Change
42.94%

change over 1 year

EBITDA Margin Change
-507%

change over 1 year

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
27
57
47
115
37
-29
-81
81
-40
-20
1
173
-28
Expenses
2
1
3
3
3
3
2
3
4
3
74
2
3
Operating Profit
25
56
43
113
33
-32
-82
78
-44
-23
-72
171
-31
OPM %
92%
98%
93%
98%
91%
—
—
96%
—
—
-5978%
99%
—
Other Income
0
0
1
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
0
0
0
1
1
4
5
5
8
10
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
25
56
44
112
33
-32
-83
76
-48
-28
-78
163
-40
Tax %
36%
28%
62%
16%
22%
4%
-22%
20%
-21%
-22%
-23%
19%
-20%
Net Profit
16
40
17
94
26
-33
-65
61
-38
-22
-60
132
-32
EPS (₹)
1.8
4.57
1.89
10.73
2.96
-3.81
-7.41
6.95
-4.33
-2.5
-6.86
15.04
-3.7
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10
5
3
5
5
4
20
12
10
160
42
5
126
Expenses
1
1
2
2
4
12
1
1
8
8
11
67
81
Operating Profit
9
4
1
3
1
-9
19
10
2
152
32
-61
45
OPM %
89%
72%
38%
65%
25%
-223%
94%
90%
20%
95%
75%
-1144%
36%
Other Income
3
2
0
0
0
0
0
0
0
1
0
0
0
Interest
0
0
1
1
1
0
0
0
0
0
1
15
28
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
1
PBT
11
5
0
3
0
-9
18
10
2
152
30
-77
17
Tax %
17%
4%
39%
12%
90%
-26%
25%
22%
33%
38%
29%
-24%
—
Net Profit
9
5
0
3
0
-6
14
8
1
94
22
-59
17
EPS (₹)
1.05
0.55
0.03
0.29
0.01
-0.74
1.57
0.9
0.14
10.76
2.47
-6.74
1.98
Div. Payout %
15%
22%
477%
42%
2100%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
18
18
18
18
18
18
18
18
18
18
18
18
18
Reserves
89
93
92
94
231
192
295
370
344
535
557
498
598
Borrowings
0
0
0
0
0
0
0
0
0
10
23
274
454
Other Liabilities
5
3
3
2
7
2
17
25
22
11
9
1
9
Total Liabilities
111
113
112
114
256
211
329
413
384
574
607
791
1,078
Fixed Assets
14
14
13
13
13
13
12
12
12
11
12
13
12
CWIP
0
0
0
0
0
0
0
0
0
0
0
1
3
Investments
28
45
44
68
234
192
306
398
366
558
591
761
900
Other Assets
69
55
55
33
9
7
11
3
6
5
4
16
163
Total Assets
111
113
112
114
256
211
329
413
384
574
607
791
1,078
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-42
17
5
4
1
5
-1
-1
-9
22
-21
-10
Investing
38
-10
8
-20
2
-1
6
-7
10
-31
5
-224
Financing
-1
-3
0
-1
-1
-1
0
0
0
10
12
236
Net Cash Flow
-6
5
12
-17
2
3
5
-9
1
2
-4
1
Free Cash Flow
-42
17
5
4
1
5
-1
-2
-9
23
-22
-12
CFO/EBITDA
-451
489
380
137
98
-63
-3
-9
-422
50
-25
14
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
150
1,001
383
0
0
0
0
4
0
0
21
0
Cash Conversion Cycle
150
1,001
383
0
0
0
0
4
0
0
21
0
Working Capital Days
2,341
3,427
3,695
2,174
6
-12
-4
-6
96
-1
-1
90
ROCE %
11%
5%
1%
3%
1%
-4%
7%
3%
0%
33%
5%
-9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shardul Securities insights

45 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

FIIs0.30%Promot.74.85%Public9.07%Others15.79%As ofSep 2026

Documents

Frequently Asked Questions about Shardul Securities

What does Shardul Securities Ltd do?
Incorporated in 1985, Shardul Securities Ltd is engaged in Investment and Finance activities including Broking activities[1]
Where is Shardul Securities Ltd (SHARDUL) listed?
Shardul Securities Ltd trades as SHARDUL on the NSE and under code 512393 on the BSE.
Which sector does Shardul Securities Ltd belong to?
Shardul Securities Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the market capitalisation of Shardul Securities Ltd?
Shardul Securities Ltd has a market capitalisation of ₹430.46 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Shardul Securities Ltd?
Shardul Securities Ltd trades at a PE ratio of 24.85 as of 29 Oct 2026, on earnings per share of ₹1.98, against a book value of ₹87.74 per share.
What is the 52-week high and low of Shardul Securities Ltd?
Over the last 52 weeks Shardul Securities Ltd has traded between ₹20.14 and ₹60 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Shardul Securities Ltd?
Shardul Securities Ltd reported a return on equity of -7.47%. Its debt-to-equity ratio is 0.53.

Company Information

Incorporated in 1985, Shardul Securities Ltd is engaged in Investment and Finance activities including Broking activities[1]

Website shardulsecurities.com
Listed 2026-04-20
Face Value ₹ 2
Shares Outstanding 8,74,92,165

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