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 4:00 p.m.
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 3.82
  • Book Value ₹ 465
  • Dividend Yield 0.00 %
  • ROCE 28.9 %
  • ROE 17.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.94 times its book value
  • Company has delivered good profit growth of 202% 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 7.52% 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

Consolidated Figures in Rs. Crores / View Standalone

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
8 1 2 -1 10 5 -4 30 30 59 54 140 40
1 2 1 5 1 1 1 1 3 2 4 3 4
Operating Profit 8 -1 1 -5 10 4 -6 29 27 57 49 137 36
OPM % 91% -141% 65% 92% 84% 96% 91% 97% 92% 98% 89%
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 8 -1 1 -5 9 4 -6 29 27 57 50 136 36
Tax % 18% -15% 21% -11% 17% 14% -17% 21% 34% 28% 68% 17% 19%
6 -1 1 -5 8 4 -5 23 18 41 16 114 29
EPS in Rs 3.54 -0.72 0.55 -2.71 4.51 2.14 -2.68 13.13 10.14 23.41 9.21 65.07 16.43
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 6 12 6 6 7 7 6 24 15 13 173 293
2 4 2 3 4 3 5 14 2 3 10 10 14
Operating Profit 2 2 10 4 2 4 2 -8 21 13 3 163 279
OPM % 57% 40% 84% 59% 37% 61% 27% -151% 90% 84% 25% 94% 95%
2 3 3 2 0 0 0 0 0 0 0 1 1
Interest 1 0 1 0 1 1 1 0 0 0 0 1 1
Depreciation 1 1 1 1 0 0 0 0 0 0 0 0 0
Profit before tax 3 5 12 5 1 4 1 -9 21 12 3 163 279
Tax % 14% 19% 17% 3% 39% 7% 51% -29% 25% 23% 23% 40%
8 13 10 5 1 3 0 -6 16 10 2 98 200
EPS in Rs 4.53 7.69 5.72 2.82 0.39 1.98 0.22 -3.62 8.89 5.50 1.26 55.90 114.12
Dividend Payout % 13% 9% 14% 21% 154% 30% 269% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 40%
5 Years: 91%
3 Years: 94%
TTM: 379%
Compounded Profit Growth
10 Years: 22%
5 Years: 202%
3 Years: 84%
TTM: 402%
Stock Price CAGR
10 Years: 26%
5 Years: 59%
3 Years: 69%
1 Year: 196%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 8%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 145 157 121 125 124 128 286 238 371 459 428 654 796
8 0 0 0 11 0 0 0 0 0 0 10 9
6 5 7 7 24 5 10 3 24 49 25 16 44
Total Liabilities 176 179 146 149 177 150 314 259 412 525 471 697 867
22 22 21 20 20 20 18 17 17 17 16 16 16
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 98 102 33 56 70 86 276 223 353 473 427 649 795
56 55 92 73 87 45 20 19 43 35 28 32 56
Total Assets 176 179 146 149 177 150 314 259 412 525 471 697 867

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-20 10 -38 5 31 -14 1 5 -10 8 -18 20
8 6 35 5 -22 5 2 -0 22 -22 18 -23
8 -11 -2 -3 11 -12 -1 -1 -0 -0 -0 10
Net Cash Flow -5 5 -5 7 20 -22 2 4 12 -14 -1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 90 11 24 835 224 56 12 13 0 3 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 90 11 24 835 224 56 12 13 0 3 0 0
Working Capital Days 3,696 2,368 2,367 3,181 919 1,514 88 109 185 62 208 3
ROCE % 3% 3% 8% 4% 1% 3% 1% -3% 6% 3% 1% 29%

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