About
Shardul Securities Limited, a non-banking financial company, engages in the investment and financing business in India. The company invests in equity; and trades in bonds, mutual funds, government securities and treasury bills, commercial papers, and certificates of deposit, as well as derivatives, including options and futures. It also provides IPO funding, forex advisory, and loan syndications services, as well as brokerage services. The company was formerly known as Shriyam Securities & Finance Limited. The company was incorporated in 1985 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap477 Cr
P/E20.60
Div Yield0.00 %
Book Value₹75.20
52w High₹60.00
52w Low₹20.10
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 189.00 | 5.00 | -13.00 | -39.00 | 94.00 | -85.00 | -33.00 | 40.00 | 140.00 | 54.00 | 59.00 | 30.00 | 30.00 |
| Expenses | 4.00 | 81.00 | 4.00 | 5.00 | 5.00 | 4.00 | 5.00 | 4.00 | 3.00 | 4.00 | 2.00 | 3.00 | 1.00 |
| Operating Profit | 185.00 | -76.00 | -17.00 | -44.00 | 89.00 | -89.00 | -38.00 | 36.00 | 137.00 | 49.00 | 57.00 | 27.00 | 29.00 |
| OPM % | 98.00 | -1,663.00 | — | — | 95.00 | — | — | 89.00 | 98.00 | 92.00 | 97.00 | 91.00 | 96.00 |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 8.00 | 5.00 | 5.00 | 4.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 177.00 | -82.00 | -22.00 | -48.00 | 88.00 | -89.00 | -38.00 | 36.00 | 136.00 | 50.00 | 57.00 | 27.00 | 29.00 |
| Tax % | 19.00 | -22.00 | -21.00 | -20.00 | 20.00 | -22.00 | 5.00 | 19.00 | 17.00 | 68.00 | 28.00 | 34.00 | 21.00 |
| Net Profit | 143.00 | -64.00 | -17.00 | -38.00 | 70.00 | -70.00 | -40.00 | 29.00 | 114.00 | 16.00 | 41.00 | 18.00 | 23.00 |
| EPS in Rs | 16.31 | -7.29 | -1.97 | -4.40 | 8.04 | -7.97 | -4.56 | 3.29 | 13.01 | 1.84 | 4.68 | 2.03 | 2.63 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.00 | 63.00 | 173.00 | 13.00 | 15.00 | 24.00 | 6.00 | 7.00 | 7.00 | 6.00 | 6.00 | 12.00 |
| Expenses | 64.00 | 16.00 | 10.00 | 10.00 | 3.00 | 2.00 | 14.00 | 5.00 | 3.00 | 4.00 | 3.00 | 2.00 |
| Operating Profit | -48.00 | 47.00 | 163.00 | 3.00 | 13.00 | 21.00 | -8.00 | 2.00 | 4.00 | 2.00 | 4.00 | 10.00 |
| OPM % | -302.00 | 75.00 | 94.00 | 25.00 | 84.00 | 90.00 | -151.00 | 27.00 | 61.00 | 37.00 | 59.00 | 84.00 |
| Other Income | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 3.00 |
| Interest | 15.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 |
| Depreciation | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 |
| Profit before tax | -64.00 | 45.00 | 163.00 | 3.00 | 12.00 | 21.00 | -9.00 | 1.00 | 4.00 | 1.00 | 5.00 | 12.00 |
| Tax % | -23.00 | 26.00 | 40.00 | 23.00 | 23.00 | 25.00 | -29.00 | 51.00 | 7.00 | 39.00 | 3.00 | 17.00 |
| Net Profit | -49.00 | 33.00 | 98.00 | 2.00 | 10.00 | 16.00 | -6.00 | 0.00 | 3.00 | 1.00 | 5.00 | 10.00 |
| EPS in Rs | -5.62 | 3.77 | 11.18 | 0.25 | 1.10 | 1.78 | -0.72 | 0.04 | 0.40 | 0.08 | 0.56 | 1.14 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 269.00 | 30.00 | 154.00 | 21.00 | 14.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| Reserves | 640.00 | 686.00 | 654.00 | 428.00 | 459.00 | 371.00 | 238.00 | 286.00 | 128.00 | 124.00 | 125.00 | 121.00 |
| Borrowings | 274.00 | 23.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.00 | 0.00 | 0.00 |
| Other Liabilities | 3.00 | 11.00 | 16.00 | 25.00 | 49.00 | 24.00 | 3.00 | 10.00 | 5.00 | 24.00 | 7.00 | 7.00 |
| Total Liabilities | 934.00 | 738.00 | 697.00 | 471.00 | 525.00 | 412.00 | 259.00 | 314.00 | 150.00 | 177.00 | 149.00 | 146.00 |
| Fixed Assets | 17.00 | 16.00 | 16.00 | 16.00 | 17.00 | 17.00 | 17.00 | 18.00 | 20.00 | 20.00 | 20.00 | 21.00 |
| CWIP | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 845.00 | 682.00 | 649.00 | 427.00 | 473.00 | 353.00 | 223.00 | 276.00 | 86.00 | 70.00 | 56.00 | 33.00 |
| Other Assets | 70.00 | 41.00 | 32.00 | 28.00 | 35.00 | 43.00 | 19.00 | 20.00 | 45.00 | 87.00 | 73.00 | 92.00 |
| Total Assets | 934.00 | 738.00 | 697.00 | 471.00 | 525.00 | 412.00 | 259.00 | 314.00 | 150.00 | 177.00 | 149.00 | 146.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -23.00 | -36.00 | 21.00 | -18.00 | 8.00 | -10.00 | 5.00 | 1.00 | -14.00 | 31.00 | 5.00 | -38.00 |
| Cash from Investing Activity | -209.00 | 12.00 | -24.00 | 18.00 | -22.00 | 22.00 | 0.00 | 2.00 | 5.00 | -22.00 | 5.00 | 35.00 |
| Cash from Financing Activity | 236.00 | 13.00 | 10.00 | 0.00 | 0.00 | 0.00 | -1.00 | -1.00 | -12.00 | 11.00 | -3.00 | -2.00 |
| Net Cash Flow | 4.00 | -11.00 | 7.00 | -1.00 | -14.00 | 12.00 | 4.00 | 2.00 | -22.00 | 20.00 | 7.00 | -5.00 |
| Free Cash Flow | -26.00 | -37.00 | 22.00 | -18.00 | 8.00 | -10.00 | 5.00 | 1.00 | -14.00 | 31.00 | 5.00 | -38.00 |
| CFO/OP % | 35.00 | -43.00 | 50.00 | -514.00 | 72.00 | -45.00 | -64.00 | 104.00 | -318.00 | 1,491.00 | 144.00 | -367.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1.00 | 1.00 | 0.00 | 0.00 | 3.00 | 0.00 | 13.00 | 12.00 | 56.00 | 224.00 | 835.00 | 24.00 |
| Cash Conversion Cycle | 1.00 | 1.00 | 0.00 | 0.00 | 3.00 | 0.00 | 13.00 | 12.00 | 56.00 | 224.00 | 835.00 | 24.00 |
| Working Capital Days | 86.00 | 97.00 | 3.00 | 208.00 | 62.00 | 185.00 | 109.00 | 88.00 | 1,514.00 | 220.00 | 3,181.00 | 2,367.00 |
| ROCE % | -6.00 | 7.00 | 29.00 | 1.00 | 3.00 | 6.00 | -3.00 | 1.00 | 3.00 | 1.00 | 4.00 | 8.00 |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Split | 13 Jan 2025 | 13 Jan 2025 | 10:2 | — | |
| Other | 17 Dec 2024 | — | — | — | E.G.M. |
| Dividend | 04 Sep 2019 | — | — | 0.60 | |
| Dividend | 18 Jul 2018 | — | — | 0.60 | |
| Dividend | 21 Sep 2017 | — | — | 0.60 | |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 0.60 | |
| Dividend | 03 Sep 2015 | — | — | 0.80 | |
| Dividend | 27 Aug 2014 | — | — | 0.70 | |
| Dividend | 11 Sep 2013 | — | — | 0.60 | |
| Dividend | 20 Sep 2012 | — | — | 0.60 | |
| Dividend | 02 Sep 2011 | — | — | 1.20 | |
| Dividend | 20 Aug 2010 | — | — | 1.20 | |
| Dividend | 05 Sep 2008 | — | — | 1.00 | |
| Dividend | 24 Aug 2007 | — | — | 1.00 |