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Shardul Securities (SHARDUL)₹46.79−2.42%Stockbroking & Allied
In the Sep 2026 quarter (consolidated), Shardul Securities reported sales of −₹26.09 Cr and net profit of −₹32.90 Cr. For the year to Mar 2026, sales were ₹16.07 Cr and net profit −₹48.84 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59.20 | 54.19 | 140 | 40.14 | −33.13 | −85.29 | 94.26 | −39.15 | −13.05 | 5.02 | 190 | −26.09 |
| Expenses | 2.01 | 4.01 | 3.01 | 4.01 | 5.02 | 4.01 | 5.01 | 5.02 | 4.01 | 81.22 | 4.02 | 5.02 |
| Operating Profit | 57.09 | 49.08 | 137 | 36.04 | −38.05 | −89.13 | 89.10 | −44.08 | −17.02 | −76.06 | 185 | −31.03 |
| OPM % | 97.0% | 92.1% | 98.0% | 89.0% | — | — | 95.1% | — | — | −1,662.9% | 98.0% | — |
| Other Income | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 3.98 | 4.98 | 4.98 | 7.97 | 9.96 |
| 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 |
| Profit before tax | 56.76 | 49.82 | 136 | 35.84 | −37.87 | −88.65 | 87.65 | −47.82 | −21.91 | −81.63 | 176 | −40.83 |
| Tax % | 27.9% | 68.0% | 16.9% | 18.9% | 5.0% | −22.1% | 19.9% | −20.1% | −21.1% | −22.1% | 18.9% | −19.1% |
| Net Profit | 40.88 | 15.95 | 114 | 28.93 | −39.89 | −69.84 | 69.81 | −37.91 | −16.96 | −63.79 | 143 | −32.90 |
| EPS (Rs) | 4.67 | 1.83 | 12.99 | 3.28 | −4.55 | −7.95 | 8.03 | −4.39 | −1.96 | −7.27 | 16.26 | −3.74 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.02 | 6.02 | 7.02 | 7.02 | 6.02 | 24.08 | 15.05 | 13.04 | 174 | 63.21 | 16.07 | 156 |
| Expenses | 3.01 | 4.02 | 3.01 | 5.02 | 14.04 | 2.01 | 3.01 | 10.04 | 10.03 | 16.04 | 63.17 | 94.27 |
| Operating Profit | 4.01 | 2.01 | 4.01 | 2.01 | −8.01 | 21.04 | 13.03 | 3.01 | 163 | 47.07 | −47.04 | 61.25 |
| OPM % | 59.0% | 37.0% | 61.1% | 27.1% | −151.0% | 90.1% | 84.1% | 25.0% | 94.1% | 75.1% | −296.9% | 39.4% |
| Other Income | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 1.99 | 15.95 | 27.89 |
| Depreciation | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 |
| Profit before tax | 4.98 | 0.99 | 3.98 | 0.99 | −8.96 | 20.91 | 11.95 | 2.99 | 162 | 44.82 | −63.71 | 32.04 |
| Tax % | 3.0% | 38.9% | 6.9% | 50.9% | −29.1% | 24.9% | 22.9% | 22.9% | 40.0% | 25.9% | −23.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 4.99 | 0.99 | 2.99 | 0.00 | −5.98 | 15.96 | 9.98 | 1.99 | 97.68 | 32.92 | −48.84 | 29.03 |
| EPS (Rs) | 0.55 | 0.07 | 0.39 | 0.03 | −0.71 | 1.77 | 1.09 | 0.24 | 11.16 | 3.76 | −5.60 | 3.29 |
| Dividend payout % | 21.0% | 154.0% | 30.0% | 268.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18.05 | 18.03 | 18.05 | 18.04 | 18.02 | 18.01 | 18.01 | 18.02 | 18.03 | 18.03 | 18.01 | 18.03 |
| Reserves | 121 | 125 | 124 | 128 | 286 | 238 | 371 | 459 | 428 | 654 | 686 | 640 |
| Borrowings | 0.00 | 0.00 | 11.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.04 | 23.09 | 275 |
| Other Liabilities | 7.03 | 7.04 | 24.11 | 5.03 | 10.05 | 3.02 | 24.12 | 49.24 | 25.12 | 16.07 | 11.05 | 3.02 |
| Total Liabilities | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 698 | 738 | 935 |
| Fixed Assets | 21.06 | 20.05 | 20.08 | 20.06 | 18.07 | 17.05 | 17.07 | 17.04 | 16.06 | 16.06 | 16.04 | 17.05 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 |
| Investments | 33.03 | 56.01 | 70.01 | 86.06 | 276 | 223 | 353 | 473 | 427 | 649 | 682 | 846 |
| Other Assets | 92.23 | 73.20 | 87.30 | 45.16 | 20.07 | 19.04 | 43.09 | 35.12 | 28.10 | 32.11 | 41.11 | 70.24 |
| Inventories | 62.72 | 43.86 | 20.93 | 26.88 | 0.00 | 0.00 | 12.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 0.99 | 13.95 | 3.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & equivalents | 2.99 | 9.99 | 29.97 | 8.99 | 10.98 | 14.97 | 26.97 | 11.99 | 18.97 | 27.96 | 21.97 | 54.97 |
| Total Assets | 146 | 149 | 177 | 150 | 314 | 259 | 412 | 525 | 471 | 698 | 738 | 935 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −37.95 | 4.99 | 30.96 | −13.99 | 0.99 | 4.99 | −9.98 | 7.99 | −17.97 | 20.96 | −39.91 | −22.95 |
| Cash from investing activity | 35.06 | 5.01 | −22.04 | 5.01 | 2.01 | 0.00 | 22.02 | −22.03 | 18.01 | −24.02 | 17.02 | −209 |
| Cash from financing activity | −2.01 | −3.01 | 11.01 | −12.01 | −0.99 | −0.99 | 0.00 | 0.00 | 0.00 | 10.01 | 12.01 | 236 |
| Net cash flow | −5.01 | 7.01 | 20.04 | −22.02 | 2.01 | 4.01 | 12.02 | −14.02 | −1.01 | 7.01 | −11.01 | 4.01 |
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 |
| Free cash flow | −38.16 | 5.02 | 31.10 | −14.06 | 1.01 | 5.02 | −10.03 | 8.03 | −18.07 | 22.09 | −40.17 | −26.10 |
| CFO / OP % | −366.9% | 144.1% | 1,491.1% | −318.0% | 104.0% | −64.0% | −45.0% | 72.1% | −514.0% | 50.1% | −50.9% | 36.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 25 | 836 | 225 | 57 | 13 | 14 | 0 | 4 | 0 | 0 | 2 | 2 |
| Cash conversion cycle | 24 | 835 | 224 | 56 | 12 | 13 | 0 | 3 | 0 | 0 | 1 | 1 |
| Working capital days | 2,367 | 3,181 | 220 | 1,514 | 88 | 109 | 185 | 62 | 208 | 3 | 97 | 94 |
| ROCE % | 8.0% | 4.0% | 1.0% | 3.0% | 1.0% | −3.0% | 6.0% | 3.0% | 1.0% | 29.0% | 7.0% | −6.0% |
For the Sep 2026 quarter, Shardul Securities reported sales of −₹26.09 Cr and net profit of −₹32.90 Cr.
Shardul Securities' sales for the year to Mar 2026 were ₹16.07 Cr; over the last twelve months they were ₹156 Cr.
Net profit for the year to Mar 2026 was −₹48.84 Cr, and ₹29.03 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.29.
Shardul Securities reported borrowings of ₹275 Cr at Mar 2026, against cash and equivalents of ₹54.97 Cr.
Cash from operations was −₹22.95 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹26.10 Cr.