Shardul Securities Ltd.

BSE: SHARDUL512393ISIN INE037B01020

Financial Services
Stockbroking & Allied

Share price

₹51.17+2.42 (+4.96%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

13 Jan 2025 · Split 5:1 (₹10 → ₹2)

52W high: ₹59.55
52W low: ₹20.14
Off 52W high: -14.07%
1M return: -12.38%
3M return: +17.09%
6M return: +67.50%
1Y return: +7.55%
20D avg volume: 1,210
50 DMA: ₹54.02
200 DMA: ₹38.17

Key ratios Consolidated

Market cap: ₹447.70 Cr
Current price: ₹51.17
52W high / low: ₹59.55 / ₹20.14
Face value: ₹2.00
P/E: 15.52
P/B: 0.58
EPS (TTM): ₹3.30
Book value / share: ₹87.74
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.42
Net debt: ₹266.05 Cr
Interest cover: -3.18
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	-26.29	189.26	4.59	-13.11	39.31	94.15	-84.77	32.88	40.10	140.18	53.54	59.08
	0.00	0.15	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.78	0.01
	-26.29	189.41	4.59	-13.11	-39.31	94.15	-84.75	32.88	40.11	140.18	54.32	59.09
	14.30	12.21	86.44	8.82	8.96	6.17	4.47	5.00	4.59	3.79	4.59	2.11
	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.73	0.72	0.47	0.80	0.46	0.53	1.08	0.68	0.63	0.41	0.38	0.34
	9.53	7.76	5.36	4.86	3.78	1.34	0.52	0.23	0.21	0.22	0.23	0.15
	0.17	0.17	0.17	0.14	0.13	0.13	0.12	0.11	0.11	0.11	0.10	0.10
	3.88	3.56	3.69	3.02	4.60	4.18	2.75	2.98	1.21	1.28	1.21	—
	-40.59	177.20	-81.85	-21.93	-48.27	87.98	-89.22	-37.89	35.52	136.38	49.73	56.98
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-40.59	177.20	-81.85	-21.93	-48.27	87.98	-89.22	-37.89	35.52	136.38	49.73	56.98
	-7.77	34.53	-18.10	-4.67	-9.77	17.60	-19.53	—	—	—	—	—
	-32.81	142.67	-63.74	-17.26	-38.50	70.38	-69.70	-39.94	28.75	113.87	16.12	40.97
	-3.75	16.31	-7.29	-1.97	-4.40	8.04	-7.97	-22.82	16.43	65.08	9.21	23.41
Key metrics
	—	—	—	—	—	—	—	-37.55	35.84	136.71	50.06	57.23
	—	—	—	—	—	—	—	-114.20%	89.40%	97.50%	93.50%	96.90%
	124.80%	75.40%	-1,388.70%	131.70%	-97.90%	74.80%	82.20%	-121.50%	71.70%	81.20%	30.10%	69.30%
	-166.90%	101.00%	105.40%	-139.90%	-2.00%	-32.80%	-258.30%	-44.30%	—	—	—	—
	14.80%	102.70%	8.60%	56.80%	-233.90%	-38.20%	-532.40%	-197.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	154.45	15.98	62.63	172.91	6.62	15.39
	0.15	0.00	0.02	0.80	0.02	0.12
	154.60	15.98	62.65	173.71	6.64	15.51
	121.77	80.05	17.85	10.97	3.78	3.06
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	2.72	2.25	2.80	1.33	1.26	1.36
	27.51	15.33	1.18	0.38	0.01	0.06
	0.65	0.56	0.44	0.39	0.37	0.36
	14.15	15.49	13.43	4.23	2.14	1.28
	32.83	-64.08	44.79	162.74	2.86	12.45
	0.00	0.00	0.00	0.00	0.00	0.00
	32.83	-64.08	44.79	162.74	2.86	12.45
	3.99	-14.94	11.80	—	—	—
	28.86	-49.14	32.99	97.81	2.21	9.63
	3.30	-5.62	3.77	55.90	1.26	5.50
Key metrics
	—	—	—	163.51	3.24	12.87
	—	—	—	94.60%	48.90%	83.60%
	18.69%	-307.50%	52.70%	56.60%	33.40%	62.60%
	89.35%	-74.50%	-63.80%	2,511.90%	-57.00%	—
	—	-249.00%	-66.30%	4,325.80%	-77.10%	—
	—	-24.18	-41.65	—	—	—
	—	0.46	-1.24	—	—	—
	—	0.42	0.03	—	—	—
	—	266.05	19.25	—	—	—
Balance sheet
	—	934.39	738.40	—	—	—
	—	7.97	3.91	—	—	—
	—	0.03	0.09	—	—	—
	—	0.00	0.00	—	—	—
	—	5.08	3.90	—	—	—
	—	274.02	23.16	—	—	—
	—	657.83	703.98	—	—	—
Cash flow
	—	-22.70	-40.96	—	—	—
	—	-208.77	16.81	—	—	—
	—	235.53	13.27	—	—	—
	—	1.48	0.69	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	-27.97	173.24	1.21	-20.24	-39.81	80.58	-80.60	28.78	36.57	115.29	46.77	57.29
	0.00	0.15	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.78	0.01
	-27.97	173.39	1.22	-20.24	-39.81	80.58	-80.58	28.78	36.57	115.29	47.55	57.31
	12.42	10.21	79.04	7.59	7.88	4.40	2.24	3.33	3.59	2.96	3.58	1.55
	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.39	0.29	0.24	0.33	0.24	0.25	0.44	0.34	0.30	0.22	0.22	0.20
	9.53	7.76	5.36	4.86	3.78	1.34	0.52	0.23	0.21	0.22	0.23	0.15
	0.14	0.14	0.14	0.11	0.09	0.09	0.09	0.07	0.07	0.07	0.07	0.07
	2.37	2.02	2.41	2.31	3.76	2.72	1.19	2.21	0.59	2.45	0.57	0.34
	-40.39	163.18	-77.83	-27.83	-47.69	76.18	-82.82	-32.11	32.98	112.33	43.97	55.75
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-40.39	163.18	-77.83	-27.83	-47.69	76.18	-82.82	-32.11	32.98	112.33	43.97	55.75
	-8.05	31.63	-17.83	-5.99	-9.80	15.41	-18.01	—	—	—	—	—
	-32.34	131.55	-59.99	-21.84	-37.89	60.77	-64.81	-33.36	25.86	93.90	16.51	40.00
	-3.70	15.04	-6.86	-2.50	-4.33	6.95	-7.41	-19.07	14.78	53.66	9.43	22.86
Key metrics
	—	—	—	—	—	—	—	-31.81	33.26	112.62	44.27	55.97
	—	—	—	—	—	—	—	-110.50%	90.90%	97.70%	94.70%	97.70%
	115.60%	75.90%	-4,957.90%	107.90%	95.20%	75.40%	80.40%	-115.90%	70.70%	81.40%	35.30%	69.80%
	29.70%	115.00%	101.50%	-170.30%	-208.90%	-30.10%	-272.30%	-49.80%	—	—	—	—
	14.60%	116.50%	7.40%	34.50%	-246.50%	-35.30%	-492.50%	-183.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	126.24	5.37	42.49	159.68	3.49	11.46
	0.15	0.00	0.02	0.79	0.00	0.05
	126.40	5.37	42.51	160.47	3.49	11.52
	109.26	82.54	12.12	8.45	1.70	1.39
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	1.25	1.05	1.30	0.83	0.63	0.52
	27.51	15.33	1.18	0.38	0.00	0.00
	0.53	0.43	0.31	0.28	0.27	0.27
	9.11	11.20	9.33	2.52	0.79	0.60
	17.13	-77.17	30.39	152.02	1.80	10.13
	0.00	0.00	0.00	0.00	0.00	0.00
	17.13	-77.17	30.39	152.02	1.80	10.13
	-0.24	-18.21	8.80	—	—	—
	17.38	-58.95	21.59	94.19	1.20	7.86
	1.98	-6.74	2.47	53.83	0.69	4.49
Key metrics
	—	—	—	152.68	2.07	10.40
	—	—	—	95.60%	59.30%	90.80%
	13.77%	-1,097.80%	50.80%	59.00%	34.40%	68.60%
	—	-87.40%	-73.40%	4,475.40%	-69.50%	—
	—	-373.00%	-77.10%	7,749.20%	-84.70%	—
	—	-11.30	-23.15	—	—	—
	—	0.17	-1.04	—	—	—
	—	0.53	0.04	—	—	—
	—	272.40	22.76	—	—	—
Balance sheet
	—	791.27	606.65	—	—	—
	—	1.62	0.40	—	—	—
	—	0.00	2.44	—	—	—
	—	0.00	0.00	—	—	—
	—	4.62	3.43	—	—	—
	—	274.02	23.16	—	—	—
	—	515.78	574.10	—	—	—
Cash flow
	—	-9.87	-22.51	—	—	—
	—	-224.44	5.42	—	—	—
	—	235.53	13.27	—	—	—
	—	1.43	0.64	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +15.45%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +1,242.44%
Profit YoY (TTM): +123.08%

Consolidated

Sales CAGR 3Y: +34.14%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +89.35%
Profit YoY (TTM): +137.11%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.86%

Quarter	September 2026	June 2026
Promoter %	74.86%	74.86%

Holder	Type	Holding	Previous	Change
SHRIYAM COMMODITIES INTERMEDIARY LLP	Promoter Group	26.27%	5.33%	+20.94%
RAJESH D CHATURVEDI	Promoter	14.89%	14.89%	0.00%
A TO Z BROKING SERVICES LLP	Promoter Group	12.11%	12.11%	0.00%
DEVESH D CHATURVEDI	Promoter	10.87%	10.87%	0.00%
BRIJESH D CHATURVEDI	Promoter	6.38%	6.38%	0.00%
ANGULAR TRADING PVT LTD	Public	5.61%	5.61%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	3.59%	3.59%	0.00%
BHASKAR ARVIND HINGAD	Public	2.24%	2.24%	0.00%
RECKON TRADING PRIVATE LIMITED	Public	2.23%	1.06%	+1.17%
RAGHAV R CHATURVEDI	Promoter	1.42%	1.42%	0.00%
GLENMORD COMMERCIAL SERVICES PVT LTD	Public	1.14%	1.14%	0.00%
DHANASTRA FINANCE AND INVESTMENT COMPANY PVT LTD	Public	1.06%	1.06%	0.00%
FOUR BRIDGES CAPITAL ADVISORS PVT LTD	Public	1.00%	1.00%	0.00%
BABITA D CHATURVEDI	Promoter	0.98%	0.98%	0.00%
VARSHA R CHATURVEDI	Promoter	0.78%	0.78%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Billionbrains Garage Ventures Limited	1,29,989	207.20	48.27	29.40%	—	—	—
Motilal Oswal Financial Services Limited	61,021	1,012.00	22.58	—	+44.42% TTM	+33.22% TTM	+2.65%
360 ONE WAM LIMITED	43,647	1,070.00	35.01	—	+29.38% TTM	+10.69% TTM	-0.62%
Nuvama Wealth Management Limited	34,072	1,846.55	31.49	—	+12.91% TTM	+5.24% TTM	+29.07%
ANGEL ONE LIMITED	28,544	312.10	24.71	—	+21.25% TTM	+47.70% TTM	+23.81%
IIFL CAPITAL SERVICES LIMITED	11,025	349.40	17.95	—	+11.57% TTM	+4.74% TTM	+4.16%
Share India Securities Limited	4,007	183.10	10.99	—	—	—	-1.19%
ANAND RATHI SHARE AND STOCK BROKERS LIMITED	3,059	484.75	21.25	23.90%	—	—	-9.82%
Monarch Networth Capital Limited	2,770	349.30	48.98	25.60%	+27.10% TTM	+23.98% TTM	+12.95%
ALGOQUANT FINTECH LIMITED S	2,263	80.51	46.64	17.40%	+43.78% TTM	+272.95% TTM	+23.09%
Geojit Financial Services Limited	1,956	70.08	34.67	—	+0.45% TTM	-44.36% TTM	-3.31%
SMC Global Securities Limited	1,947	92.98	16.60	—	+18.19% TTM	+18.55% TTM	+38.67%
5paisa Capital Limited	1,528	325.85	36.56	—	+8.98% TTM	-11.61% TTM	—
DOLAT ALGOTECH LIMITED	1,062	60.36	7.36	19.80%	-11.33% TTM	-21.22% TTM	-22.33%
Systematix Corporate Services Ltd.	1,051	76.96	-693.00	—	+13.26% TTM	-102.77% TTM	-53.65%
DAM Capital Advisors Limited	984	139.20	28.94	—	-34.18% TTM	-69.75% TTM	-44.87%
Master Trust Ltd.	968	78.69	6.89	—	+17.50% TTM	+18.88% TTM	-39.61%
Arihant Capital Markets Ltd.	955	87.11	26.23	—	+22.20% TTM	+6.82% TTM	-13.62%
Emkay Global Financial Services Ltd	715	258.85	14.44	—	+63.62% TTM	+124.59% TTM	-16.50%
Aditya Birla Money Ltd S	620	109.80	11.29	—	+22.33% TTM	-3.02% TTM	-31.59%
Shardul Securities Ltd.	448	51.17	15.52	—	+89.35% TTM	+137.11% TTM	+7.55%
Pune E - Stock Broking Limited	407	256.70	—	17.30%	—	—	+18.65%
Indo Thai Securities Limited	388	29.23	21.13	—	+91.76% TTM	-13.71% TTM	-92.36%
Almondz Global Securities Limited	349	18.27	8.83	—	+37.47% TTM	+104.50% TTM	+1.39%
Shah Investor's Home Limited	295	139.65	—	—	—	—	—

Filings & corporate actions

Recent announcements

Enclosed Certificate of Extinguishment of equity shares bought back by the Company3 Nov 2026 · Company Update / Closure of Buy Back
Newspaper Publication of Post Buyback Public Announcement30 Oct 2026 · Company Update / Post Buyback Public Announcement
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajesh D Chaturvedi & Others30 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shriyam Commodities Intermediary LLP30 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brijesh Chaturvedi30 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shriyam Commodities Intermediary LLP30 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newspaper Publication of Un-Audited Financial Results for the quarter and half year ended 30th September 202622 Oct 2026 · Company Update / Newspaper Publication
Approval of Un-audited Financial Results for the quarter and half year ended 30th September 202620 Oct 2026 · Result / Financial Results
Outcome of Board Meeting dated 20th October 2026 for approval of Un-Audited Financial Results for the quarter and half year ended 30th September 2026.20 Oct 2026 · Board Meeting / Outcome of Board Meeting
Shardul Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/10/2026 ,inter alia, to consider and approve Un-Audited Financial results ....15 Oct 2026 · Board Meeting / Board Meeting
Submission of Letter of offer for Buy-back of equity shares of the Company12 Oct 2026 · Company Update / General
Certificate under Reg 74(5) of SEBI (DP) Regulations 2015 for the quarter ended 30th September 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Special Resolution passed at the AGM held on 25th September, 2026 for Buyback of Equity Shares of the Company1 Oct 2026 · AGM/EGM / AGM
Newspaper Publication for Public Announcement for Buyback of Equity Shares1 Oct 2026 · Company Update / Newspaper Publication
Submission of Public Announcement in newspaper for Buyback of Equity Shares1 Oct 2026 · Company Update / Public Announcement-Buyback of Shares
Intimation for Closure of Trading Window30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Buyback Committee has fixed, Thursday, October 08, 2026 as the Record date for Buyback of Equity Shares of Company .30 Sep 2026 · Corp. Action / Record Date
Please find attached Scrutinizer''s Report and Voting Results of the 41st AGM held on 25th September, 2026.29 Sep 2026 · AGM/EGM / AGM
Proceedings of the 41st Annual General Meeting held on 25th September 202625 Sep 2026 · AGM/EGM / AGM
Newspaper Publication for intimation of 41st AGM to be held on 25th September 20263 Sep 2026 · Company Update / Newspaper Publication
Intimation of Book Closure for the purpose of 41st AGM of the Company2 Sep 2026 · Corp. Action / Book Closure
Submission of Annual Report for the FY 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of 41st Annual General Meeting to be held on 25th September 20262 Sep 2026 · AGM/EGM / AGM
Newspaper publication for Intimation of Annual General Meeting to be held on 25th September 2026 at 12.00 pm29 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication for transfer of unclaimed dividend and shares to IEPF22 Aug 2026 · Company Update / Newspaper Publication
We wish to inform you that the Company has made an application to BSE Limited for Reclassification of the Requesting members from ''Promoter and Promoter Group'' to ''Public'' Category.17 Aug 2026 · Company Update / General
Board of Directors at their meeting held on 12th August 2026 approved the following: 1. Proposal for Buy Back of equity shares of the Company; and 2. Request from certain members for ....12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Company has received reclassification request from certain persons belonging to the promoter and promoter group of the company to the ''Public Shareholders'' category12 Aug 2026 · Company Update / General
Shardul Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve a proposal for buy-back ....9 Aug 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shriyam Commodities Intermediary LLP20 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shriyam Commodities Intermediary LLP20 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Sandeep Corporate Advisors LLP & Others17 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Intimation under Regulations 30 and 30A, read with Schedule III of the SEBI (LODR) Regulations, 2015.16 Jul 2026 · Company Update / Memorandum of Understanding /Agreements
Newspaper publication of Un- Audited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026.11 Jul 2026 · Company Update / Newspaper Publication
Financial Results (Standalone & Consolidated) for the quarter ended 30th June 202610 Jul 2026 · Result / Financial Results
Outcome of Board Meeting held on 10th July 202610 Jul 2026 · Board Meeting / Outcome of Board Meeting
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....9 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011
Certificate under Reg 74(5) of SEBI(DP) Regulations, 2018 for the quarter ended 30th June 2026.8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Shardul Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/07/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....7 Jul 2026 · Board Meeting / Board Meeting
Intimation for closure of trading window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Buy Back of Shares	8 Oct 2026	8 Oct 2026	—
Stock Split From Rs.10/- to Rs.2/-	13 Jan 2025	13 Jan 2025	—
E.G.M.	17 Dec 2024	—	—

Board meetings

20 Oct 2026 Board Meeting - Financial Results