Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Oct - Newspaper Publication for Public Announcement for Buyback of Equity Shares
Source: Bse
Shardul Securities Limited (SHARDUL)
Small CapFinancial Services stocks · Small cap · NSE
Shardul Securities Limited operates in Investment, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹55.94
-2.94 · -4.99%
Market cap ₹508 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 05:57 pm ISTDetails
Quote21 Oct, 05:57 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result10 Jul, 02:01 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
52NeutralSMA20 +6.4% / mo · MACD − · near 52W high
Stock trend: 57
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SHARDULD candles · FIT view+107.2%Latest close ₹55.94 on 2026-10-21
Daily history is available from 2026-04-20; the requested 1Y window is partially covered.
Bar
+0.0%
RSI
49
MACD hist
-0.27
52W pos
89%
2026-10-21O ₹55.94H ₹55.94L ₹55.94C ₹55.94Vol 1,487 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SHARDULNifty Financial ServicesNifty 500
- SHARDUL
- -1.1%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- +5.4 pp
Chart stats
21 Oct 2026- From 52W high
- -6.8%
- 52W range position
- 89%
- ATR (14)
- 3.9%
- Volume vs 20D
- 0.08x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹54.2 - ₹59.9
₹60
₹23.1 - ₹60
₹2.2
Latest completed session
20-session average
30.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent95
Revenue +101.1% · PAT +104.3% YoY
Technical
Neutral52
Price trend and sector-relative-strength timing.
Valuation
Legacy model+17.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 95/100Rev +101% YoY · PAT +104% YoY · margin expansion · +3680% QoQ
Filed 10 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹189 Cr | +101.1% | +3680.0% |
| EBITDA | ₹185 Cr | +107.9% | +343.4% |
| Operating margin | 98.0% | +300 bps | +176100 bps |
| PAT | ₹143 Cr | +104.3% | NDF |
| PAT margin | 75.7% | +119 bps | +135566 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.90
- P/B
- 0.77
- EV/EBITDA
- 16.29
- Market Cap
- 508.00Cr
Profitability
- ROE
- -7.22%
- ROCE
- -5.79%
- ROA
- 2.46%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -8.00%
- EPS 5Y
- 33.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 41.00%
Balance Sheet
- Debt/Equity
- 0.42
- Interest Coverage
- 2.14×
- Altman Z
- 2.63
- Book Value
- 75.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- -23.00 Cr
- EPS TTM
- 2.65
Shareholding
- Promoter Hold
- 74.85%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 95%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 189+3680.0% vs prev
Net Profit
₹ CrLatest: 143+323.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 49. Wait for confirmation.
- SMA20 rising (~6.0% over last month) — short-term momentum positive.
- RSI(14) at 49 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 7% off 52W high · 143% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
93
RS percentile
Insufficient history
1M return
+2.8%
3M return
-1.1%
6M return
+93.9%
1Y return
-
RS 1D
0
RS 20D
-
Sector rank
#10
Industry rank
#18
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price above
200-DMA
unavailable
Sector
weakening
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
128 observations
21 Oct 2026Value 211.46-4.10%
RS vs Nifty 500211
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation9/30
Growth19/25
Quality0/20
Balance Sheet8/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
-1
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 17.2%.
- Growth contributes 19/25 to the score.
- Balance sheet contributes 8/15 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 9/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
21.9
PB
0.8
EV/EBITDA
16.3
ROE
-7.2%
ROCE
-5.8%
FCF Yield
—
Debt/Equity
0.4
MoS
+17.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+17.2%
Previous: +12.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
39
39
39
39
39
39
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹66.96
+16.5% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹67.58
+17.2% MoS
PEG
0.60
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
THEINVEST
Small
The Investment Trust Of India Limited
Financial Services
match 88
50
14.4
4.0%
+45%
FAIR VALUE
KIRANVYPAR
Small
Kiran Vyapar Limited
Financial Services
match 88
13
71.2
0.1%
-13767%
OVERVALUED
HALDER
Small
Halder Venture Limited
Financial Services
match 85
50
10.1
17.3%
+61%
FAIR VALUE
ONELIFECAP
Small
Onelife Capital Advisors Limited
Financial Services
match 82
21
17.0
10.0%
+24%
OVERVALUED
PALASHSECU
Small
Palash Securities Limited
Financial Services
match 80
59
5.5
3.0%
+79%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Shardul Securities Limited operates in Investment, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
52Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 10th percentile of the scored universe and 15th percentile within Financial Services. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Financial Services: 15th pctile, median 62 · Small: 12th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
30
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 74.9%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-23 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at -5.9%.
- ▸ROE is low at -7.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Shardul Securities Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Aug - Newspaper publication for transfer of unclaimed dividend and shares to IEPF
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.