Shardul Securities Ltd

Shardul Sec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shardul Securities Ltd

₹ 436 -2.00%
21 Nov - close price
shardulsecurities.com BSE: 512393
About

Incorporated in 1985, Shardul Securities
Ltd is engaged in Investment and Finance activities including Broking activities[1]

Key Points

Business Overview:[1][2]
SSL is a flagship company of Shriyam Group. It used to cater to financial requirements of manufacturing and servicing industry by way of lease finance. However, due to change in policies their focus shifted to investment banking activities. SSL is also registered as Non Systematically Important Non Deposit Taking Non Banking Financial Corporation

Website BSE
  • Market Cap ₹ 763 Cr.
  • Current Price ₹ 436
  • High / Low ₹ 557 / 138
  • Stock P/E 4.33
  • Book Value ₹ 384
  • Dividend Yield 0.00 %
  • ROCE 32.8 %
  • ROE 20.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.13 times its book value
  • Company has delivered good profit growth of 351% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.69% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
7 0 1 -1 9 4 -4 29 27 57 47 115 37
0 2 0 4 0 0 0 1 2 1 3 3 3
Operating Profit 6 -2 1 -5 9 4 -5 28 25 56 43 113 33
OPM % 96% -420% 72% 97% 90% 96% 92% 98% 93% 98% 91%
0 0 0 0 0 0 0 0 0 0 1 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 6 -2 1 -5 9 4 -5 28 25 56 44 112 33
Tax % 17% -17% 20% -11% 17% 14% -15% 21% 36% 28% 62% 16% 22%
5 -1 1 -5 7 3 -4 22 16 40 17 94 26
EPS in Rs 2.98 -0.83 0.37 -2.72 4.09 1.72 -2.40 12.52 9.02 22.86 9.44 53.66 14.78
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4 5 10 5 3 5 5 4 20 12 10 160 256
1 3 1 1 2 2 4 12 1 1 8 8 11
Operating Profit 3 3 9 4 1 3 1 -9 19 10 2 152 245
OPM % 72% 47% 89% 72% 38% 65% 25% -223% 94% 90% 20% 95% 96%
2 2 3 2 0 0 0 0 0 0 -0 1 1
Interest 1 0 0 0 1 1 1 0 0 0 0 0 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 4 11 5 0 3 0 -9 18 10 2 152 245
Tax % 11% 15% 17% 4% 39% 12% 90% -26% 25% 22% 33% 38%
3 4 9 5 0 3 0 -6 14 8 1 94 176
EPS in Rs 1.52 2.10 5.25 2.77 0.13 1.45 0.03 -3.70 7.87 4.49 0.69 53.83 100.74
Dividend Payout % 39% 33% 15% 22% 477% 42% 2,100% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 40%
5 Years: 98%
3 Years: 101%
TTM: 364%
Compounded Profit Growth
10 Years: 38%
5 Years: 351%
3 Years: 90%
TTM: 383%
Stock Price CAGR
10 Years: 25%
5 Years: 58%
3 Years: 67%
1 Year: 190%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 9%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 80 82 89 93 92 94 231 192 295 370 344 535 655
8 0 0 0 0 0 0 0 0 0 0 10 9
6 5 5 3 3 2 7 2 17 25 22 11 34
Total Liabilities 110 104 111 113 112 114 256 211 329 413 384 574 715
15 15 14 14 13 13 13 13 12 12 12 11 11
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 42 37 28 45 44 68 234 192 306 398 366 558 691
53 52 69 55 55 33 9 7 11 3 6 5 13
Total Assets 110 104 111 113 112 114 256 211 329 413 384 574 715

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-19 10 -42 17 5 4 1 5 -1 -1 -9 22
10 5 38 -10 8 -20 2 -1 6 -7 10 -31
7 -9 -1 -3 -0 -1 -1 -1 -0 -0 -0 10
Net Cash Flow -3 6 -6 5 12 -17 2 3 5 -9 1 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 157 26 150 1,001 383 0 0 0 0 4 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 157 26 150 1,001 383 0 0 0 0 4 0 0
Working Capital Days 4,727 2,732 2,341 3,427 3,695 2,174 6 -12 -4 -6 96 -1
ROCE % 4% 4% 11% 5% 1% 3% 1% -4% 7% 3% 0% 33%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84% 74.84%
25.16% 25.16% 25.16% 25.16% 25.16% 25.16% 25.16% 25.16% 25.18% 25.17% 25.16% 25.16%
No. of Shareholders 6,7536,7296,6486,6316,2586,1975,8795,8875,9016,2746,1206,507

Documents

Announcements

Annual reports