Share India Securities Ltd.

•

shareindia.comBSE: 540725NSE: SHAREINDIA

Market Cap₹ 4,152 Cr.

Current Price

High / Low₹ 211 / 115

Stock P/E11.4

Book Value₹ 126

Price to Book1.56

Dividend Yield0.84 %

ROCE21.0 %

ROE16.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Shares Broking Business: 93.0% • NBFC Business: 3.9% • Merchant Banking Business: 1.6%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 52.3% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 37.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 34.9%
Solid return on assets for a lender - ROA of 8.5%
Asset quality is healthy - gross NPA of just 0.0%

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Promoter holding has decreased over last 2 years: -2.7pp
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 36.8%
Thin net interest margin of 0.0%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	MCX	3340.05	55.24	85168.55	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1023.00	31.12	61617.67	0.59	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1096.25	35.40	44679.26	1.09	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1784.20	30.39	32909.41	1.56	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	299.40	26.52	27366.25	1.35	2313.98	1921.51	14296.91	1153.53	14.87	33.92
6.	CHOICEIN	749.85	70.28	16704.90	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	337.65	18.67	10642.01	0.89	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	189.75	11.42	4152.21	0.84	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	505.70	24.57	3189.27	0.99	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	370.95	16.24	2941.94	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	80.02	30.80	2233.54	1.87	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ALGOQUANT	63.80	39.47	1793.39	0.00	164.80	3610.04	778.70	1328.81	33.57	33.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	277	366	374	465	414	453	342	239	341	341	372	416	448
	153	190	191	292	267	266	211	187	203	182	216	299	288
Operating Profit	125	176	183	174	147	186	131	52	138	159	156	117	160
OPM %	44.92%	48.03%	48.83%	37.33%	35.46%	41.18%	38.35%	21.87%	40.49%	46.68%	41.96%	28.10%	35.78%
	1	2	1	1	7	4	7	3	3	5	5	5	3
Interest	15	17	28	30	19	22	22	27	27	34	34	36	37
Depreciation	3	3	4	4	4	4	4	6	4	4	4	4	4
Profit before Tax	108	157	151	141	131	164	112	23	111	126	122	81	164
Tax %	23.98%	28.40%	23.91%	17.92%	21.51%	24.41%	26.55%	19.26%	23.78%	26.28%	27.42%	28.31%	24.04%
Net Profit	0	0	0	0	103	124	82	19	84	93	89	58	124
	5.03	6.90	7.03	6.44	5.18	6.03	3.66	0.71	3.86	4.25	4.06	2.61	5.67

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	70	106	133	195	226	448	862	1,088	1,483	1,449	1,577
	60	93	110	155	156	321	558	596	826	932	984
Operating Profit	10	14	23	41	71	127	304	493	657	517	592
OPM %	14.32%	12.79%	17.33%	20.86%	31.19%	28.34%	35.27%	45.28%	44.30%	35.69%	37.57%
	4	4	7	12	2	6	2	13	5	21	19
Interest	3	3	5	11	18	25	32	58	90	90	141
Depreciation	2	2	2	5	4	4	9	12	14	18	17
Profit before Tax	9	12	23	37	51	103	265	436	558	431	494
Tax %	33.01%	35.12%	33.40%	31.93%	21.07%	21.98%	23.98%	24.15%	23.68%	23.81%	26.15%
Net Profit	6	8	15	25	40	81	202	331	426	328	364
EPS	3.43	4.31	7.15	7.83	12.81	25.31	56.40	88.88	111.10	15.01	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	3.90%	7.90%	9.52%	8.41%	8.10%	8.99%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 45%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 52%
3 Years:: 18%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 13%
3 Years:: -10%
1 Year:: 34%

RETURN ON EQUITY

10 Years:: 32%
5 Years:: 39%
3 Years:: 35%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	24	24	32	32	32	33	38	44
Minority Interest	0	0	0	0	0	0	11	13	14	15
	21	29	49	126	161	248	415	767	1,600	2,269
	30	34	32	106	139	137	188	192	417	510
Trade Payables	18	23	37	53	84	321	655	349	359	413
	8	12	16	26	37	115	189	589	575	609
Total Liabilities	82	104	159	336	453	853	1,490	1,944	3,004	3,859
	8	8	8	35	33	38	50	59	73	71
Capital Work in Progress	0	0	0	0	0	0	10	0	0	3
	2	25	39	42	36	67	8	6	149	355
	2	4	8	21	16	65	45	44	104	175
	0	0	0	0	0	0	0	0	12	26
Cash & Bank	33	33	54	117	199	307	806	1,403	1,249	1,683
	37	33	49	122	167	377	571	431	1,417	1,548
Total Assets	82	104	159	336	453	853	1,490	1,944	3,004	3,859

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	19	30	58	77	248	471	-56	-310	6
Cash from Investing	-2	-20	-43	-79	-68	-146	-74	-15	-49	-192
Cash from Financing	3	7	20	56	18	-33	13	174	376	274
	11	2	0	26	18	56	347	-10	16	88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.32	50.43	48.44	48.67	48.74	48.61	48.62	48.62	48.62
	2.11	1.91	1.70	1.88	0.98	0.72	1.44	1.54	1.87
	0.07	0.12	0.39	0.44	0.11	0.12	0.14	0.19	0.20
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.51	47.54	49.47	49.01	50.16	50.55	49.81	49.64	49.31

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Redemption

2026-09-10 - Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, please be informed that the Company has undertaken Partial Redemption of Face value of NCD Series A and NCD Second Issue.

2026-09-09

General Updates

2026-09-09 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find attached herewith notice to holders of Non-Convertible Debentures (NCDs) of Series A and B.

2026-09-08

General Updates

2026-09-08 - Share India Securities Limited has informed the Exchange that the Company on September 07, 2026, has received a certified true copy of the Order of the Hon ble NCLT, Ahmedabad Bench I, approving the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.

2026-09-06

Copy of Newspaper Publication

2026-09-06 - SHAREINDIA: Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith copies of newspaper advertisements regarding 32nd Annual General meeting of the Company, published in newspaper, ''Financial Express'' and ''Gandhinagar Samachar'' on Sunday, September 06, 2026.

2026-09-05

Shareholders meeting

2026-09-05 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith Notice of the 32nd AGM of the Company to be held on Tuesday, September 29, 2026.

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith copies of newspaper advertisements published in the newspaper, "Financial Express" and "Gandhinagar Samachar" on Friday, September 04, 2026.

2026-09-03

Appointment

2026-09-03 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please be informed that the Board of Directors at its meeting held on September 03, 2026, has inter alia approved re-appointment of Mr. Parveen Gupta (DIN:00013926) as the Managing Director of the Company, subject to the approval of shareholders at the ensuing AGM.

2026-09-03

Appointment

2026-09-03 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please be informed that the Board of Directors at its meeting held on September 03, 2026, has inter alia approved re-appointment of Mr. Sachin Gupta (DIN: 0006070) as the Whole-Time Director of the Company, subject to the approval of shareholders at the ensuing AGM.

2026-09-03

General Updates

2026-09-03 - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please be informed that Board of Directors on September 03, 2026, has inter alia approved the continuation of Directorship of Mr. Yogesh Lohiya (DIN: 00424142) as a Non-Executive Independent Director post attaining the age of 75 years, subject to the approval of shareholders of the Company at ensuing AGM.

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