Shardul Securities Ltd
Incorporated in 1985, Shardul Securities
Ltd is engaged in Investment and Finance activities including Broking activities[1]
- Market Cap ₹ 408 Cr.
- Current Price ₹ 233
- High / Low ₹ 289 / 87.2
- Stock P/E 4.33
- Book Value ₹ 316
- Dividend Yield 0.00 %
- ROCE 33.0 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company has delivered good profit growth of 352% 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 8.74% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 5 | 10 | 5 | 3 | 5 | 5 | 4 | 20 | 12 | 3 | 160 | |
| 1 | 3 | 1 | 1 | 2 | 2 | 4 | 12 | 1 | 1 | 1 | 8 | |
| Operating Profit | 3 | 3 | 9 | 4 | 1 | 3 | 1 | -9 | 19 | 10 | 2 | 152 |
| OPM % | 72% | 47% | 89% | 72% | 38% | 65% | 25% | -223% | 94% | 90% | 60% | 95% |
| 2 | 2 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 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 |
| 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 | |
| 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 |
| 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: | 4475% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 352% |
| 3 Years: | 90% |
| TTM: | 7749% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 47% |
| 3 Years: | 49% |
| 1 Year: | 157% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 21% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 |
| 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | |
| 6 | 5 | 5 | 3 | 3 | 2 | 7 | 2 | 17 | 25 | 22 | 11 | |
| Total Liabilities | 110 | 104 | 111 | 113 | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 |
| 15 | 15 | 14 | 14 | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 11 | |
| CWIP | 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 |
| 53 | 52 | 69 | 55 | 55 | 33 | 9 | 7 | 11 | 3 | 6 | 5 | |
| Total Assets | 110 | 104 | 111 | 113 | 112 | 114 | 256 | 211 | 329 | 413 | 384 | 574 |
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 | 282 | -1 |
| ROCE % | 4% | 4% | 11% | 5% | 1% | 3% | 1% | -4% | 7% | 3% | 0% | 33% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jul
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 4 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Jul
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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