Share India Securities Limited (SHAREINDIA)

Micro Cap

Financial Services stocks · Micro cap · NSE

Share India Securities is a 30-year-old, technology-driven financial services firm offering broking, algorithmic trading, NBFC, wealth management, and insurance. It has evolved into a Fintech-focused organization with proprietary AI/ML platforms like uTrade Algos, serving retail, HNI, and institutional clients across 17 states via 223 branches/franchises.

₹185.69

-7.30 · -3.78%

Market cap ₹4,356 Cr

Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST

Details

Quote19 Oct, 03:31 pm IST

Base fundamentals14 Oct 2026 · screener

Latest result25 Jul, 02:32 am IST

Score20 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

54Neutral

SMA20 +11.2% / mo · MACD −

Stock trend: 61

Sector RS: 44

Sector 3M: -5.8% vs Nifty 500 -5.6%

Financial Services FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

SHAREINDIAD candles · FIT view+28.2%

Latest close ₹185.69 on 2026-10-19

Bar

-3.3%

RSI

MACD hist

-2.70

52W pos

60%

2026-10-19O ₹192.00H ₹193.79L ₹184.20C ₹185.69Vol 5.3L 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

SHAREINDIANifty Financial ServicesNifty 500

SHAREINDIA: +2.5%
Nifty 500: -5.6%
Nifty Financial Services: -6.0%
Vs Nifty 500: +8.1 pp

Chart stats

19 Oct 2026

From 52W high: -20.4%
52W range position: 60%
ATR (14): 5.3%
Volume vs 20D: 0.20x
Avg traded value: ₹30 Cr
20D price channel: ₹181 - ₹229.6

Quarter ended 30 Jun 2026

Excellent · 100

Rev +31% YoY · PAT +48% YoY · margin expansion · +8% QoQ · operating leverage

Revenue: ₹448 Cr; YoY +31.4%
PAT: ₹124 Cr; YoY +47.6%
Operating margin: 45.0%; QoQ +1700 bps
PAT margin: 27.7%; QoQ +1374 bps

Filed 24 Jul 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 2 Uptrend

Current trend context ranked against all active NSE stocks. It describes the chart; it is not a buy or sell signal.

RS percentile: 66; -27 ranks over 20D
Stage 2 entry: 29 Jul 2026; 57 trading sessions · established
Sector rotation: #10; weakening · 258 stocks
Industry rotation: #13; leading · 12 stocks

Trend structure

Below 20-DMABelow 50-DMAAbove 200-DMA

RSI (14)

Weak momentum

MACD

Below signal

Histogram -2.70

Volume participation

0.2x average

Versus 20-session average

20-session position

10% of range

₹181 low · ₹229.59 high

Relative performance

vs Nifty 500

1M: -15.1 pp; stock -18.6%
3M: +8.1 pp; stock +2.5%
6M: +32.1 pp; stock +28.5%
1Y: -2.8 pp; stock -9.8%

From 52W high

-20.4%

High ₹233.35

52W range position

60%

₹115.36 - ₹233.35

ATR (14)

5.3%

₹9.76

Avg traded value

₹30 Cr

20-session average

Current setup

Established Stage 2

Entered 29 Jul 2026 · 57 sessions

Open detailed technicals →

Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.

Suggested next step

Research, do not rush

The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.

U-Score

Legacy · FAIR VALUE

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 100/100

Rev +31% YoY · PAT +48% YoY · margin expansion · +8% QoQ · operating leverage

Filed 24 Jul 2026

Open results browser →

Metric	This quarter	YoY	QoQ
Revenue	₹448 Cr	+31.4%	+7.7%
EBITDA	₹201 Cr	+45.7%	+71.8%
Operating margin	45.0%	+500 bps	+1700 bps
PAT	₹124 Cr	+47.6%	+113.8%
PAT margin	27.7%	+305 bps	+1374 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E: 12.00
P/B: 1.66
EV/EBITDA: 7.77
Market Cap: 4356.00Cr

Profitability

ROE: 13.00%
ROCE: 18.40%
ROA: 7.93%
Dividend Y: 0.81%

Growth (CAGR)

Revenue 5Y: 27.00%
EPS 5Y: 32.00%
Revenue 3Y: 11.00%
EPS 3Y: -9.24%

Balance Sheet

Debt/Equity: 0.26
Interest Coverage: 4.49×
Altman Z: 3.13
Book Value: 120.00

Cash Flow

FCF Yield: —
FCF Positive Y: 3/5
OCF: -182.00 Cr
EPS TTM: 16.61

Shareholding

Promoter Hold: 48.62%
Promoter Pledge: 57.80%
Momentum 52W: 71%

Financial History

Updated 18/10/2026

Revenue

₹ Cr

Latest: 448+7.7% vs prev

Net Profit

₹ Cr

Latest: 124+113.8% 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

Daily technical trend read

Bullish setup

Trend is constructive — long-term uptrend intact. RSI 42.

Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
SMA20 rising (~10.1% over last month) — short-term momentum positive.
RSI(14) at 42 — rising, no extreme reading.
MACD below signal but histogram contracting — bearish momentum easing.
20% off 52W high · 61% 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

RS percentile

Stage 2 UptrendEstablished S2

1M return

-18.6%

3M return

+2.5%

6M return

+23.2%

1Y return

-10.0%

RS 1D

-4

RS 20D

-27

Sector rank

#10

Industry rank

#13

Stage evidence

Price is 15.4% above the 30-week proxy.
The 50-DMA is above the 30-week proxy and its slope is rising +6.4%.
Both 3-month and 6-month returns are positive.

50-DMA

price below

200-DMA

price above

S2 entered

29 Jul 2026

S2 age

57 trading sessions

Sector

weakening

Industry

leading

Relative-strength line vs Nifty 500 (base 100)

262 observations

19 Oct 2026Value 149.46-2.78%

RS vs Nifty 500149

Valuation & peers

U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

Deep Value

Fundamental score breakdown

U band · FAIR VALUE

Valuation22/30

Growth24/25

Quality3/20

Balance Sheet5/15

Cash Flow2/10

Piotroski

6/9 (+3)

Penalties

Raw sum

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

59/100 · legacy band FAIR VALUE

Positive drivers

Fair-value margin of safety is positive at 56.2%.
Growth contributes 24/25 to the score.
Valuation contributes 22/30 to the score.

Main drags

Promoter pledge is 57.8%.
Quality is weaker at 3/20; verify the latest quarterly trend.
Cash flow is weaker at 2/10; 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.

Blended relative

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.

12.0

1.7

EV/EBITDA

7.8

ROE

13.0%

ROCE

18.4%

FCF Yield

—

Debt/Equity

0.3

MoS

+56.2%

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: 20 Oct 2026

v4.3-runtime-valuation

Final score

Previous: 59

Legacy U-Score band

FAIR VALUE

Previous: FAIR VALUE

Margin of safety

+56.2%

Previous: +56.2%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026

v4.3-runtime-valuation

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

₹211.77

+12.3% MoS

Growth-justified P/E

25.5

Growth-justified Value

₹423.56

+56.2% MoS

PEG

0.38

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.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

ARSSBL

Small

Anand Rathi Share and Stock Brokers Limited

Monarch Networth Capital Limited

Geojit Financial Services Limited

SMC Global Securities Limited

Aditya Birla Money Limited

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Where growth can come from, and what can break the case

Thesis under stressReviewed 2026-06-03T13:54:28.928Z

Management commentary snapshot

Q4-FY26 consolidated revenue grew 73.7% YoY to INR 4,159 Mn, with net profit surging 211.3% YoY to INR 580 Mn, though QoQ profit declined 34.7%. For FY26, revenue rose 1.5% YoY to INR 14,703 Mn, while net profit saw a marginal 1.1% YoY decline to INR 3,244 Mn.

The company's Q4-FY26 performance shows strong YoY growth in revenue and profit, but a notable sequential decline in profitability. Annual FY26 results indicate muted revenue growth and a slight profit dip. While the strategic shift to a tech-driven platform and diversification efforts are positive, the quarterly volatility and annual stagnation in core financials suggest the thesis is UNDER_STRESS, requiring closer monitoring of execution on growth strategies and asset quality.

Current business mix

Revenue by vertical

Latest issuer-disclosed distribution across 5 reported categories.

Broking & Trading93.2%

NBFC3.7%

Merchant Banking1.6%

Insurance0.6%

Technology Services0.9%

Growth engines

Algo Trading Penetration

Scale algorithmic trading adoption through uTrade by enabling open API based algo trading for retail investors.

Diversification

Providing Portfolio Management Services and strengthening presence in Wealth Management; diversification across merchant banking, secured NBFC lending and insurance broking.

Retail Expansion

Establish flagship retail branches in high-visibility locations to strengthen physical presence and client acquisition.

MTF Book Growth

Scale the MTF book to deepen client engagement, improve retention and support sustained trading activity.

Capacity and execution

New Subsidiary for Fixed-Income/Investment Distribution

Share India Cred Capital Private Limited incorporated to develop a technology-driven fixed-income and investment product distribution platform.

New Subsidiary for AIF/PMS

Share India Wealth Multiplier Solutions Private Limited incorporated to undertake Cat III AIF, Portfolio Management Services, and allied activities.

Tailwinds

Structural Shift to Fintech Platform

Transition from manual/dealer-driven to algorithmic & API-driven, leading to platform/subscription/interest-led revenue and higher recurring income.

Algorithmic Trading Ecosystem

Proprietary platforms uTrade Algos and Algowire Trading Technologies deliver AI/ML driven strategies for enhanced decision making and execution efficiency.

Diversification of Revenue Streams

Diversifying revenues beyond stock market linked income through NBFC, insurance broking, and wealth management.

Risk radar

NBFC Asset Quality

While GNPA and NNPA improved QoQ, GNPA at 4.30% and NNPA at 2.66% for the NBFC segment remain significant.

MTF AUM Decline

Margin Trading Facility AUM declined 7.3% QoQ in Q4-FY26, indicating potential pressure on a key broking revenue stream.

Profitability Volatility

Significant QoQ decline in EBITDA (-25.1%) and PAT (-34.7%) in Q4-FY26 suggests potential earnings instability.

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens

Compare BOTH

Financial services, especially broking and lending, can have seasonal elements (YoY) but also require monitoring sequential momentum (QoQ) for business activity, asset quality, and operational efficiency. The document provides both.

Sector KPIs management disclosed

NBFC AUM

INR 2,653 Mn in FY26; Q4-FY26 AUM INR 2,653 Mn vs Q3-FY26 INR 2,470 Mn (7.4% QoQ growth).

NBFC Disbursements

Q4-FY26 Disbursements INR 995 Mn vs Q3-FY26 INR 599 Mn (66.1% QoQ growth).

NBFC NIM

FY26 NIM 17.64% vs FY25 17.40%; Q4-FY26 NII INR 113 Mn vs Q3-FY26 INR 113 Mn (flat QoQ).

NBFC GNPA/NNPA

Q4-FY26 GNPA 4.30% vs Q3-FY26 4.87% (improved QoQ); Q4-FY26 NNPA 2.66% vs Q3-FY26 2.98% (improved QoQ).

Management forward view

Focus on Algo Trading

Scale algorithmic trading adoption through uTrade by enabling open API based algo trading for retail investors.

Diversification Strategy

Providing Portfolio Management Services and strengthening presence in Wealth Management, and diversification across merchant banking, secured NBFC lending and insurance broking.

International Presence

Leverage the International Presence and GIFT City IFSC to pursue cross-border trading opportunities.

Retail Client Engagement

Integrate advanced analytics and automation to improve trading discipline and outcomes for retail clients.

Thesis monitor

Numbers and claims to verify in the next filings

Checkpoint	Current evidence	What to verify next
NBFC Asset Quality (GNPA/NNPA)	GNPA 4.30%, NNPA 2.66% (Q4-FY26)	Sustained improvement in asset quality metrics and controlled slippages.
MTF AUM Growth	INR 4,239 Mn (Q4-FY26), -7.3% QoQ	Reversal of QoQ decline and consistent growth in Margin Trading Facility AUM.
Algo Platform Adoption (Paid Subscriptions)	5,231 paid plan subscriptions (FY26)	Growth in paid subscriptions and active users of API-based algo trading platforms.
Overall Profitability (PAT Margin)	13.95% (Q4-FY26)	Stabilization and improvement in quarterly PAT margins, reducing volatility.

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Trust Score

50Limited 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 7th percentile of the scored universe and 11th percentile within Financial Services. Main check: promoter alignment is weak at 35/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026

management-trust-v1

99 docs text-extracted · 31 concalls text-extracted

Score band

Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank

7th percentile

overall median 67 · Financial Services: 11th pctile, median 62 · Micro: 4th pctile, median 73

Evidence depth

Financial-only

99 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 confidence

What 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

weak · holding, pledge, alignment

Cash flow

weak · profit to cash conversion

Balance sheet

acceptable · leverage and solvency

Discipline

weak · capital discipline

Results

acceptable · quarterly consistency

Trust positives

▸3/4 latest quarters had positive YoY revenue growth.
▸3/4 latest quarters had positive YoY PAT growth.
▸Latest 3 quarters had positive YoY PAT growth.

Trust risks

▸Promoters have pledged 57.8% of holding.
▸Operating cash flow is negative at ₹-182 Cr.
▸ROCE trend is -7.3%.
▸Revenue CAGR is 11% but EPS CAGR is -9.2%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Compare Financial Services stocks Browse Indian stocks starting with S Explore fundamental stock screeners Browse Indian investment themes

Related companies

Anand Rathi Share and Stock Brokers Limited (ARSSBL)Monarch Networth Capital Limited (MONARCH)Geojit Financial Services Limited (GEOJITFSL)SMC Global Securities Limited (SMCGLOBAL)Aditya Birla Money Limited (BIRLAMONEY)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Share India Securities Limited (SHAREINDIA)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Revenue by vertical

Algo Trading Penetration

Diversification

Retail Expansion

MTF Book Growth

New Subsidiary for Fixed-Income/Investment Distribution

New Subsidiary for AIF/PMS

Structural Shift to Fintech Platform

Algorithmic Trading Ecosystem

Diversification of Revenue Streams

NBFC Asset Quality

MTF AUM Decline

Profitability Volatility

What management said, and what results must prove

NBFC AUM

NBFC Disbursements

NBFC NIM

NBFC GNPA/NNPA

Focus on Algo Trading

Diversification Strategy

International Presence

Retail Client Engagement

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Share India Securities Limited

Important announcements & filings

Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 1 Oct - AGM approved MD and WTD reappointments, independent director continuation, and final dividend of Re. 0.50 per share.

Sep 2026 · Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 29 Sep - NSE Clearing imposed Rs 1 lakh penalty plus GST for MWPL violation on September 28, 2026.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep - The Company will be participating in a group conference call organized by Arihant Capital Markets Limited ....

Announcement under Regulation 30 (LODR)-Raising of Funds 21 Sep - Board approved ₹200 crore convertible warrant issue and ₹120 crore investment in new wealth management subsidiary.

Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Sep - Copies of newspaper advertisements regarding 32nd Annual General meeting of the Company, published ....

Announcement under Regulation 30 (LODR)-Issue of Securities 12 Aug - Finance Committee approved up to 75 crore NCD issue at 10.50% for up to 18 months.

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Aug - The copy of newspaper advertisement for the meeting of holders of Non-Convertible Debentures ....

Announcement under Regulation 30 (LODR)-Issue of Securities 20 Jul - Finance Committee approved up to 1,50,000 NCDs worth Rs 150 crore on private placement basis.

Announcement under Regulation 30 (LODR)-Allotment 8 Jul - Allotted 50,000 NCDs worth Rs 50 crore at 10.50% for 459 days.

Announcement under Regulation 30 (LODR)-Credit Rating 8 Jul - CARE Ratings assigned CARE A+; Stable rating to proposed ₹250 crore NCDs.

Announcement under Regulation 30 (LODR)-Issue of Securities 18 Jun - Finance Committee approved 50 crore secured NCDs at 10.50% for up to 15 months.

Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 25 May - NSE imposed Rs. 2,00,000 penalty on Share India for non-tagging unique identifiers in algo orders.