Shardul Securities Ltd
Shardul Securities Ltd (SHARDUL) last reported results for the quarter ended Jun 2026, with sales of ₹189 crore and net profit of ₹143 crore. The stock last traded at ₹58.2, a market capitalisation of ₹502 crore, on a P/E of 21.7. Over the past 52 weeks the stock has ranged between ₹20.1 and ₹60. Figures are as of 9 Oct 2026 and are not real time.
Shardul Securities Ltd share price and key metrics
- Current price
- ₹58.2
- Market cap
- ₹502 cr
- Stock P/E
- 21.7
- Book value
- ₹75.2
- ROE
- -7.22%
- ROCE
- -5.79%
- Dividend yield
- 0.00%
- 52w high / low
- 60.0/20.1
Metrics as of 9 Oct 2026. Not real time.
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Shardul Securities Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- -8%
- 3 Years
- 6%
- TTM
- 752%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 320%
- 10 Years
- 22%
- 5 Years
- 31%
- 3 Years
- 41%
- 1 Year
- 19%
- 10 Years
- 3%
- 5 Years
- 3%
- 3 Years
- 4%
- Last Year
- -7%
Shardul Securities Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹189 cr, up 101.1% from ₹94 cr a year earlier. Net profit was ₹143 cr, up 104.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 40 | -33 | -85 | 94 | -39 | -13 | 5 | 189 |
| Expenses | 4 | 5 | 4 | 5 | 5 | 4 | 81 | 4 |
| Operating profit | 36 | -38 | -89 | 89 | -44 | -17 | -76 | 185 |
| OPM % | 89% | — | — | 95% | — | — | -1,663% | 98% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 4 | 5 | 5 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 36 | -38 | -89 | 88 | -48 | -22 | -82 | 177 |
| Tax % | 19% | 5% | -22% | 20% | -20% | -21% | -22% | 19% |
| Net profit | 29 | -40 | -70 | 70 | -38 | -17 | -64 | 143 |
| EPS (₹) | 3.29 | -4.56 | -7.97 | 8.04 | -4.40 | -1.97 | -7.29 | 16.31 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Shardul Securities Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 7 | 7 | 6 | 24 | 15 | 13 | 173 | 63 | 16 | 141 |
| Operating profit | 2 | 4 | 2 | -8 | 21 | 13 | 3 | 163 | 47 | -47 | 47 |
| OPM % | 37% | 61% | 27% | -151% | 90% | 84% | 25% | 94% | 75% | -297% | 33% |
| Net profit | 1 | 3 | 0 | -6 | 16 | 10 | 2 | 98 | 33 | -49 | 23 |
| EPS (₹) | 0.08 | 0.40 | 0.04 | -0.72 | 1.78 | 1.10 | 0.25 | 11.18 | 3.77 | -5.62 | 2.65 |
TTM is the trailing twelve months to the most recent quarter.
Shardul Securities Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 124 | 128 | 286 | 238 | 371 | 459 | 428 | 654 | 686 | 640 |
| Borrowings | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 23 | 274 |
| Other liabilities | 24 | 5 | 10 | 3 | 24 | 49 | 25 | 16 | 11 | 3 |
| Total liabilities | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 697 | 738 | 934 |
| Fixed assets | 20 | 20 | 18 | 17 | 17 | 17 | 16 | 16 | 16 | 17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 70 | 86 | 276 | 223 | 353 | 473 | 427 | 649 | 682 | 845 |
| Other assets | 87 | 45 | 20 | 19 | 43 | 35 | 28 | 32 | 41 | 70 |
| Total assets | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 697 | 738 | 934 |
As reported by the company. Total assets equal total liabilities by construction.
Shardul Securities Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 31 | -14 | 1 | 5 | -10 | 8 | -18 | 21 | -40 | -23 |
| Cash from investing | -22 | 5 | 2 | -0 | 22 | -22 | 18 | -24 | 17 | -209 |
| Cash from financing | 11 | -12 | -1 | -1 | -0 | -0 | -0 | 10 | 12 | 236 |
| Net cash flow | 20 | -22 | 2 | 4 | 12 | -14 | -1 | 7 | -11 | 4 |
| Free cash flow | 31 | -14 | 1 | 5 | -10 | 8 | -18 | 22 | -40 | -26 |
| CFO / operating profit | 1,491% | -318% | 104% | -64% | -45% | 72% | -514% | 50% | -51% | 36% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Shardul Securities Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 1% | 3% | 1% | -3% | 6% | 3% | 1% | 29% | 7% | -6% |
| Debtor days | 224 | 56 | 12 | 13 | 0 | 3 | 0 | 0 | 1 | 1 |
| Cash conversion cycle | 224 | 56 | 12 | 13 | 0 | 3 | 0 | 0 | 1 | 1 |
| Working capital days | 220 | 1,514 | 88 | 109 | 185 | 62 | 208 | 3 | 97 | 94 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Shardul Securities Ltd shareholding pattern
Promoters held 74.85% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.30%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 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% | 0.24% | 0.30% | 0.30% | 0.30% |
| Public | 25.16% | 25.16% | 25.16% | 25.15% | 24.91% | 24.86% | 24.86% | 24.85% |
| No. of shareholders | 6,507 | 6,589 | 7,793 | 7,671 | 7,405 | 7,245 | 6,813 | 6,805 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Cruxal coverage of Shardul Securities Ltd
Shardul Securities Ltd corporate filings
- Certificate under Reg 74(5) of SEBI (DP) Regulations 2015 for the quarter ended 30th September 2026Company Updatelow impact
- Shardul Securities Limited Approves a Significant Buyback of Up to 1.92 Crore Equity Shares at Rs. 60 per Share, Valued at Rs. 115 Crore, Indicating a Strategic Capital Return PlanAGM/EGMhigh impact
Cruxal's analysis: Shardul Securities Limited has announced a substantial buyback plan, approved by the…
Read the full analysis - Shardul Securities Limited Announces Buy-back of 1.92 Crore Equity Shares at Rs. 60 per Share, Valued at Rs. 115.20 Crores, in Line with Regulatory LimitsCompany Updatehigh impact
Cruxal's analysis: Shardul Securities Limited has approved a buy-back of up to 1.92 crore equity shares…
Read the full analysis - Intimation for Closure of Trading WindowInsider Trading / SASTlow impact
- Shardul Securities Limited announces buy-back of up to 1.92 crore equity shares at ₹60 per share, totaling a maximum outflow of ₹115.2 crore, with record date set for October 8, 2026.Corp. Actionhigh impact
Cruxal's analysis: Shardul Securities Limited plans to repurchase up to 1.92 crore fully paid-up equity…
Read the full analysis - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportAGM/EGMmedium impact
- Shardul Securities Limited Concludes 41st AGM with Shareholder Approval Sought for Equity BuybackAGM/EGMhigh impact
Cruxal's analysis: Shardul Securities Limited has successfully concluded its 41st Annual General Meeting…
Read the full analysis - Shardul Securities Limited announces 41st Annual General Meeting scheduled for September 25, 2026Company Updatelow impact
Cruxal's analysis: Shardul Securities Limited has issued a notice for its 41st Annual General Meeting (AGM)…
Read the full analysis - Shardul Securities Limited announces book closure dates for 41st Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: Shardul Securities Limited has formally notified the Bombay Stock Exchange regarding the…
Read the full analysis - Shardul Securities Ltd submits Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Shardul Securities Ltd has filed its Annual Report for the financial year 2025-26 in…
Read the full analysis - Shardul Securities Limited Announces Buyback of up to 1.92 crore Equity Shares at INR 60 per shareAGM/EGMhigh impact
Cruxal's analysis: Shardul Securities Limited has announced a buyback of up to 1.92 crore equity shares…
Read the full analysis - Shardul Securities Ltd schedules Annual General Meeting for September 25, 2026Company Updatelow impact
Cruxal's analysis: Shardul Securities has issued a newspaper publication intimating that its Annual General…
Read the full analysis - Shardul Securities Limited Initiates Mandatory Transfer of Unclaimed Shares to IEPFCompany Updatelow impact
Cruxal's analysis: Shardul Securities Limited has issued a public notice regarding the mandatory transfer of…
Read the full analysis - Shardul Securities Ltd applies to BSE for reclassification of promoters to public categoryCompany Updatelow impact
Cruxal's analysis: Shardul Securities has formally submitted an application to BSE Limited to reclassify…
Read the full analysis - Shardul Securities Limited Announces INR 115.20 Crore Share Buyback at INR 60 Per Share and Promoter ReclassificationBoard Meetinghigh impact
Cruxal's analysis: Shardul Securities Limited has approved a share buyback of up to 1.92 crore equity…
Read the full analysis - Shardul Securities receives reclassification request from promoter group to public categoryCompany Updatelow impact
Cruxal's analysis: Shardul Securities has received a formal request from certain members of the promoter and…
Read the full analysis - Shardul Securities Limited schedules board meeting on 12th August 2026 to consider share buyback proposalBoard Meetinghigh impact
Cruxal's analysis: Shardul Securities Limited has announced a board meeting scheduled for 12th August 2026…
Read the full analysis
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