About Shardul Securities Limited
Data last updated:
Shardul Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 23 July 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L50100MH1985PLC036937. Its GSTIN is 27AAACS7141R1ZT (Maharashtra). Its shares are listed on BSE: 512393 and NSE: SHARDUL.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹17.5 Cr. It was formerly known as Spotlight Trade & Finance Limited. It is led by directors including Sundaresan Ramamoorthy (Whole-Time Director) and Yogendra Chaturvedi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at G – 12 Tulsiani Chambers 212 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹15.98 Cr, a decline of 74.5% compared to the previous year. For the same year it recorded a net loss of ₹49.13 Cr (net margin -307.4%) and EBITDA of -₹47.43 Cr (EBITDA margin -296.8%). The net worth stands at ₹657.83 Cr (down 6.6% YoY). Total assets are valued at ₹931.85 Cr (up 28.2% YoY).
The company has about 6 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Shardul Securities. As per MCA filings, the company has open charges of ₹12.27 Cr and satisfied charges of ₹6 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it. The company has 7 deals on record (7 market trades); the latest was in August 2026. Its 10 peer companies in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies) are compared by revenue, 5 larger and 5 smaller; the largest is Dorite Tracon Pvt Ltd with revenue of ₹6.95 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shardulsecurities.com.
CIN History of Shardul Securities Limited
Shardul Securities has one previous CIN (Corporate Identification Number): U50100MH1985PLC036937. The current CIN is L50100MH1985PLC036937, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L50100MH1985PLC036937 | Current |
| U50100MH1985PLC036937 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressG – 12 Tulsiani Chambers 212 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands with Shardul Securities Limited
Shardul Securities operates one associated brand: Shardul Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Investment management, advisory, and broking services are provided. | shardulsecurities.com |
Business Activity of Shardul Securities Limited
Shardul Securities operates primarily in the financial and insurance service and real estate sectors. 2 business activities are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
| Locked | Real Estate | Locked | Real estate activities with own or leased property | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Financials of Shardul Securities Limited FY 2025-26 filings available
Shardul Securities Limited reported revenue of ₹15.98 Cr (down 74.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 15.98 | 62.63 | 173 | 13.33 | 15.44 | 23.66 | 5.57 |
| Revenue growth | -74.5% | -63.9% | +1200.0% | -13.7% | -34.7% | +324.8% | - |
| EBITDA | (47.43) | 47.00 | 163 | 3.37 | 12.91 | 21.18 | (8.42) |
| EBITDA margin | -296.8% | +75.0% | +94.1% | +25.3% | +83.6% | +89.5% | -151.2% |
| Profit before tax | (64.07) | 44.80 | 163 | 2.86 | 12.45 | 20.73 | (8.88) |
| Net profit | (49.13) | 33.00 | 97.33 | 2.22 | 9.63 | 15.55 | (6.33) |
| Net profit margin | -307.5% | +52.7% | +56.2% | +16.7% | +62.4% | +65.7% | -113.6% |
| EPS (₹) | (5.62) | 3.77 | 55.90 | 1.26 | 5.50 | 8.88 | (3.62) |
| Balance sheet | |||||||
| Total assets | 932 | 727 | 681 | 446 | 476 | 389 | 256 |
| Net worth | 658 | 704 | 671 | 446 | 476 | 389 | 256 |
| Total debt | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 54.51 | 21.77 | 27.68 | 19.02 | 12.48 | 26.52 | 14.68 |
| Net working capital | 58.62 | 38.40 | 28.96 | 26.64 | 15.11 | 38.53 | 16.34 |
| Cash flow | |||||||
| Cash from operations | (22.70) | (39.78) | 21.32 | (18.28) | 8.29 | (9.70) | 5.42 |
| Cash from investing | (209) | 16.81 | (24.01) | 17.76 | (22.50) | 21.60 | (0.29) |
| Cash from financing | 236 | 12.09 | 9.89 | (0.05) | (0.04) | (0.03) | (1.27) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189 | 4.59 | (13.11) | (39.31) | 94.15 | (84.77) | (32.89) | 40.11 |
| Revenue growth (YoY) | +101.0% | +105.4% | +60.1% | -198.0% | -32.8% | - | - | - |
| Other income | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| EBITDA | 185 | (76.32) | (16.94) | (44.37) | 89.44 | (88.60) | (37.56) | 35.84 |
| EBITDA margin | +97.7% | -1662.7% | +129.2% | +112.9% | +95.0% | +104.5% | +114.2% | +89.4% |
| Depreciation | 0.17 | 0.17 | 0.14 | 0.13 | 0.13 | 0.12 | 0.11 | 0.11 |
| Interest | 7.76 | 5.36 | 4.86 | 3.78 | 1.34 | 0.52 | 0.23 | 0.21 |
| Profit before tax | 177 | (81.85) | (21.94) | (48.28) | 87.97 | (89.22) | (37.90) | 35.52 |
| Tax | 34.53 | (18.11) | (4.67) | (9.77) | 17.61 | (19.52) | 2.05 | 6.77 |
| Net profit | 143 | (63.74) | (17.27) | (38.51) | 70.36 | (69.70) | (39.95) | 28.75 |
| EPS (₹) | 16.31 | (7.29) | (1.97) | (4.40) | 8.04 | (7.97) | (22.82) | 16.43 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5.37 | 42.49 | 160 | 10.25 | 11.51 | 19.75 | 3.82 |
| Revenue growth | -87.4% | -73.5% | +1461.6% | -11.0% | -41.7% | +417.0% | - |
| EBITDA | (61.40) | 31.87 | 152 | 2.07 | 10.41 | 18.55 | (8.53) |
| EBITDA margin | -1143.4% | +75.0% | +94.9% | +20.2% | +90.4% | +93.9% | -223.3% |
| Profit before tax | (77.16) | 30.40 | 152 | 1.80 | 10.15 | 18.27 | (8.80) |
| Net profit | (58.95) | 21.59 | 93.69 | 1.21 | 7.88 | 13.76 | (6.48) |
| Net profit margin | -1097.8% | +50.8% | +58.5% | +11.8% | +68.5% | +69.7% | -169.6% |
| EPS (₹) | (6.74) | 2.47 | 53.83 | 0.69 | 4.49 | 7.87 | (3.70) |
| Balance sheet | |||||||
| Total assets | 790 | 597 | 563 | 362 | 388 | 312 | 209 |
| Net worth | 516 | 574 | 553 | 362 | 388 | 312 | 209 |
| Total debt | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 1.65 | 0.46 | 4.33 | 2.84 | 2.15 | 10.77 | 5.89 |
| Net working capital | 2.97 | 0.35 | 3.77 | 5.54 | 1.97 | 10.56 | 5.76 |
| Cash flow | |||||||
| Cash from operations | (9.87) | (21.33) | 22.15 | (9.32) | (1.48) | (0.78) | 5.19 |
| Cash from investing | (224) | 5.42 | (30.51) | 10.10 | (7.05) | 5.72 | (1.32) |
| Cash from financing | 236 | 12.09 | 9.89 | (0.05) | (0.04) | (0.03) | (1.27) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 1.21 | (20.24) | (39.81) | 80.58 | (80.60) | (28.78) | 36.57 |
| Revenue growth (YoY) | +115.0% | +101.5% | +29.7% | -208.9% | -30.1% | - | - | - |
| Other income | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Total expenses | 2.31 | 73.55 | 2.63 | 4.00 | 2.97 | 1.63 | 3.03 | 3.30 |
| EBITDA | 171 | (72.34) | (22.87) | (43.81) | 77.61 | (82.23) | (31.81) | 33.27 |
| EBITDA margin | +98.7% | -5978.5% | +113.0% | +110.0% | +96.3% | +102.0% | +110.5% | +91.0% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.09 | 0.09 | 0.09 | 0.07 | 0.07 |
| Interest | 7.76 | 5.36 | 4.86 | 3.78 | 1.34 | 0.52 | 0.23 | 0.21 |
| Profit before tax | 163 | (77.84) | (27.84) | (47.68) | 76.18 | (82.82) | (32.11) | 32.99 |
| Tax | 31.63 | (17.83) | (5.99) | (9.80) | 15.41 | (18.00) | 1.25 | 7.13 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189 | 4.59 | (13.11) | (39.31) | 94.15 | (84.77) | (32.89) | 40.11 |
| Revenue growth (YoY) | +101.0% | +105.4% | +60.1% | -198.0% | -32.8% | - | - | - |
| Other income | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| EBITDA | 185 | (76.32) | (16.94) | (44.37) | 89.44 | (88.60) | (37.56) | 35.84 |
| EBITDA margin | +97.7% | -1662.7% | +129.2% | +112.9% | +95.0% | +104.5% | +114.2% | +89.4% |
| Depreciation | 0.17 | 0.17 | 0.14 | 0.13 | 0.13 | 0.12 | 0.11 | 0.11 |
| Interest | 7.76 | 5.36 | 4.86 | 3.78 | 1.34 | 0.52 | 0.23 | 0.21 |
| Profit before tax | 177 | (81.85) | (21.94) | (48.28) | 87.97 | (89.22) | (37.90) | 35.52 |
| Tax | 34.53 | (18.11) | (4.67) | (9.77) | 17.61 | (19.52) | 2.05 | 6.77 |
| Net profit | 143 | (63.74) | (17.27) | (38.51) | 70.36 | (69.70) | (39.95) | 28.75 |
| EPS (₹) | 16.31 | (7.29) | (1.97) | (4.40) | 8.04 | (7.97) | (22.82) | 16.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 15.98 | 62.63 | 173 | 13.33 | 15.44 | 23.66 | 5.57 |
| Revenue growth | -74.5% | -63.9% | +1200.0% | -13.7% | -34.7% | +324.8% | - |
| Other income | 0.00 | 0.02 | 0.78 | 0.02 | 0.07 | 0.02 | 0.04 |
| Total expenses | 63.41 | 15.63 | 10.27 | 9.96 | 2.53 | 2.48 | 13.99 |
| Employee cost | 2.25 | 2.80 | 1.33 | 1.26 | 1.36 | 1.35 | 1.46 |
| EBITDA | (47.43) | 47.00 | 163 | 3.37 | 12.91 | 21.18 | (8.42) |
| EBITDA margin | -296.8% | +75.0% | +94.1% | +25.3% | +83.6% | +89.5% | -151.2% |
| Depreciation | 0.56 | 0.44 | 0.39 | 0.37 | 0.36 | 0.36 | 0.39 |
| Interest | 16.08 | 1.78 | 0.67 | 0.16 | 0.17 | 0.11 | 0.11 |
| Profit before tax | (64.07) | 44.80 | 163 | 2.86 | 12.45 | 20.73 | (8.88) |
| Tax | (14.94) | 11.80 | 64.94 | 0.65 | 2.82 | 5.18 | (2.55) |
| Net profit | (49.13) | 33.00 | 97.33 | 2.22 | 9.63 | 15.55 | (6.33) |
| Net profit margin | -307.5% | +52.7% | +56.2% | +16.7% | +62.4% | +65.7% | -113.6% |
| EPS (₹) | (5.62) | 3.77 | 55.90 | 1.26 | 5.50 | 8.88 | (3.62) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 |
| Reserves & surplus | 640 | 686 | 654 | 428 | 459 | 371 | 238 |
| Shareholders' funds (net worth) | 658 | 704 | 671 | 446 | 476 | 389 | 256 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 932 | 727 | 681 | 446 | 476 | 389 | 256 |
| Assets | |||||||
| Gross block | 26.69 | 25.21 | 24.78 | 24.96 | 24.98 | 24.99 | 24.96 |
| Net block | 17.00 | 16.08 | 15.85 | 16.31 | 16.52 | 16.83 | 17.16 |
| Capital work in progress | 1.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 845 | 682 | 649 | 427 | 473 | 353 | 223 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.70 | 0.00 |
| Sundry debtors | 0.03 | 0.09 | 0.05 | 0.01 | 0.12 | 0.00 | 0.20 |
| Cash & bank balances | 54.51 | 21.77 | 27.68 | 19.02 | 12.48 | 26.52 | 14.68 |
| Loans & advances | 6.63 | 18.91 | 4.18 | 8.53 | 22.49 | 3.63 | 3.73 |
| Total current assets | 61.17 | 40.77 | 31.91 | 27.56 | 35.09 | 42.85 | 18.61 |
| Total current liabilities | 2.55 | 2.37 | 2.95 | 0.92 | 19.98 | 4.32 | 2.27 |
| Net working capital | 58.62 | 38.40 | 28.96 | 26.64 | 15.11 | 38.53 | 16.34 |
| Total assets | 932 | 727 | 681 | 446 | 476 | 389 | 256 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.91 | 14.79 | 7.59 | 8.15 | 22.41 | 10.53 | 6.67 |
| Net cash from operating activities | (22.70) | (39.78) | 21.32 | (18.28) | 8.29 | (9.70) | 5.42 |
| Net cash from investing activities | (209) | 16.81 | (24.01) | 17.76 | (22.50) | 21.60 | (0.29) |
| Net cash from financing activities | 236 | 12.09 | 9.89 | (0.05) | (0.04) | (0.03) | (1.27) |
| Net change in cash | 4.06 | (10.88) | 7.20 | (0.56) | (14.25) | 11.87 | 3.87 |
| Closing cash | 54.51 | 21.77 | 27.68 | 19.02 | 12.48 | 26.52 | 14.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -74.5% | -63.9% | +1200.0% | -13.7% | -34.7% | +324.8% | - |
| EBITDA growth | -200.9% | -71.2% | +4737.4% | -73.9% | -39.1% | +351.5% | - |
| PBT growth | - | -72.5% | +5590.2% | -77.0% | -39.9% | +9998.0% | - |
| Net income growth | -248.9% | -66.1% | +4284.2% | -77.0% | -38.1% | +345.7% | - |
| Revenue CAGR (3Y) | +6.2% | +59.5% | +94.2% | +33.8% | +31.0% | +48.3% | -1.5% |
| EBITDA CAGR (3Y) | - | +53.8% | +97.4% | - | +90.8% | +68.9% | - |
| Profitability & leverage | |||||||
| Net income margin | -307.5% | +52.7% | +56.4% | +16.6% | +62.4% | +65.7% | -113.6% |
| Return on capital employed | -5.8% | +6.6% | +29.0% | +0.7% | +2.9% | +6.5% | -3.1% |
| Return on net worth | -7.2% | +4.8% | +17.5% | +0.5% | +2.2% | +4.8% | -2.3% |
| Debt / equity | 0.22 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.22 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -33.51 | 3.82 | 0.41 | 5.33 | 1.35 | 0.53 | -1.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.62 | 2.51 | 7.00 | 0.53 | 0.62 | 0.95 | 0.22 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 2.44 | 3.73 | 0.00 |
| Debtors turnover | 266.33 | 895.00 | 5,802.33 | 205.38 | 258.50 | 236.80 | 26.09 |
| EPS (₹) | (5.62) | 3.77 | 55.90 | 1.26 | 5.50 | 8.88 | (3.62) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 75.19 | 80.46 | 383.57 | 254.70 | 272.18 | 222.04 | 146.02 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 1.21 | (20.24) | (39.81) | 80.58 | (80.60) | (28.78) | 36.57 |
| Revenue growth (YoY) | +115.0% | +101.5% | +29.7% | -208.9% | -30.1% | - | - | - |
| Other income | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Total expenses | 2.31 | 73.55 | 2.63 | 4.00 | 2.97 | 1.63 | 3.03 | 3.30 |
| EBITDA | 171 | (72.34) | (22.87) | (43.81) | 77.61 | (82.23) | (31.81) | 33.27 |
| EBITDA margin | +98.7% | -5978.5% | +113.0% | +110.0% | +96.3% | +102.0% | +110.5% | +91.0% |
| Depreciation | 0.14 | 0.14 | 0.11 | 0.09 | 0.09 | 0.09 | 0.07 | 0.07 |
| Interest | 7.76 | 5.36 | 4.86 | 3.78 | 1.34 | 0.52 | 0.23 | 0.21 |
| Profit before tax | 163 | (77.84) | (27.84) | (47.68) | 76.18 | (82.82) | (32.11) | 32.99 |
| Tax | 31.63 | (17.83) | (5.99) | (9.80) | 15.41 | (18.00) | 1.25 | 7.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.37 | 42.49 | 160 | 10.25 | 11.51 | 19.75 | 3.82 |
| Revenue growth | -87.4% | -73.5% | +1461.6% | -11.0% | -41.7% | +417.0% | - |
| Other income | 0.00 | 0.02 | 0.78 | 0.00 | 0.01 | 0.00 | 0.01 |
| Total expenses | 66.77 | 10.62 | 8.17 | 8.18 | 1.10 | 1.20 | 12.35 |
| Employee cost | 1.05 | 1.30 | 0.83 | 0.63 | 0.51 | 0.58 | 0.67 |
| EBITDA | (61.40) | 31.87 | 152 | 2.07 | 10.41 | 18.55 | (8.53) |
| EBITDA margin | -1143.4% | +75.0% | +94.9% | +20.2% | +90.4% | +93.9% | -223.3% |
| Depreciation | 0.43 | 0.31 | 0.28 | 0.27 | 0.27 | 0.28 | 0.28 |
| Interest | 15.33 | 1.18 | 0.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (77.16) | 30.40 | 152 | 1.80 | 10.15 | 18.27 | (8.80) |
| Tax | (18.21) | 8.81 | 57.84 | 0.59 | 2.27 | 4.51 | (2.32) |
| Net profit | (58.95) | 21.59 | 93.69 | 1.21 | 7.88 | 13.76 | (6.48) |
| Net profit margin | -1097.8% | +50.8% | +58.5% | +11.8% | +68.5% | +69.7% | -169.6% |
| EPS (₹) | (6.74) | 2.47 | 53.83 | 0.69 | 4.49 | 7.87 | (3.70) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 | 17.50 |
| Reserves & surplus | 498 | 557 | 535 | 344 | 370 | 295 | 192 |
| Shareholders' funds (net worth) | 516 | 574 | 553 | 362 | 388 | 312 | 209 |
| Secured loans | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 274 | 23.16 | 9.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 790 | 597 | 563 | 362 | 388 | 312 | 209 |
| Assets | |||||||
| Gross block | 20.75 | 19.32 | 18.93 | 19.17 | 19.28 | 19.29 | 19.29 |
| Net block | 12.70 | 11.70 | 11.38 | 11.78 | 12.06 | 12.31 | 12.59 |
| Capital work in progress | 0.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 761 | 591 | 558 | 366 | 398 | 306 | 192 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 2.44 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 |
| Cash & bank balances | 1.65 | 0.46 | 4.33 | 2.84 | 2.15 | 10.77 | 5.89 |
| Loans & advances | 2.80 | 0.65 | 0.68 | 3.06 | 0.61 | 0.60 | 0.66 |
| Total current assets | 4.45 | 3.55 | 5.01 | 5.90 | 2.88 | 11.37 | 6.55 |
| Total current liabilities | 1.48 | 3.20 | 1.24 | 0.36 | 0.91 | 0.81 | 0.79 |
| Net working capital | 2.97 | 0.35 | 3.77 | 5.54 | 1.97 | 10.56 | 5.76 |
| Total assets | 790 | 597 | 563 | 362 | 388 | 312 | 209 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.40 | 4.22 | 2.70 | 1.96 | 10.54 | 5.63 | 3.03 |
| Net cash from operating activities | (9.87) | (21.33) | 22.15 | (9.32) | (1.48) | (0.78) | 5.19 |
| Net cash from investing activities | (224) | 5.42 | (30.51) | 10.10 | (7.05) | 5.72 | (1.32) |
| Net cash from financing activities | 236 | 12.09 | 9.89 | (0.05) | (0.04) | (0.03) | (1.27) |
| Net change in cash | 1.22 | (3.82) | 1.53 | 0.73 | (8.57) | 4.91 | 2.60 |
| Closing cash | 1.65 | 0.46 | 4.33 | 2.84 | 2.15 | 10.77 | 5.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -87.4% | -73.5% | +1461.6% | -11.0% | -41.7% | +417.0% | - |
| EBITDA growth | -292.7% | -79.0% | +7237.7% | -80.1% | -43.9% | +317.5% | - |
| PBT growth | - | -80.0% | +8345.0% | -82.3% | -44.4% | +9998.0% | - |
| Net income growth | -373.0% | -77.0% | +7643.0% | -84.6% | -42.7% | +312.4% | - |
| Revenue CAGR (3Y) | -19.4% | +54.6% | +100.9% | +39.0% | +30.0% | +55.7% | +4.0% |
| EBITDA CAGR (3Y) | - | +45.2% | +101.6% | - | +98.6% | +76.0% | - |
| Profitability & leverage | |||||||
| Net income margin | -1097.8% | +50.8% | +58.8% | +11.8% | +68.5% | +69.7% | -169.6% |
| Return on capital employed | -8.9% | +5.4% | +33.0% | +0.5% | +2.9% | +7.0% | -3.8% |
| Return on net worth | -10.8% | +3.8% | +20.6% | +0.3% | +2.3% | +5.3% | -2.8% |
| Debt / equity | 0.27 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.27 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -24.79 | 3.74 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.27 | 2.22 | 8.44 | 0.53 | 0.60 | 1.02 | 0.20 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.40 | 34.84 | 0.00 | 170.83 | 192.00 | 0.00 | 0.00 |
| EPS (₹) | (6.74) | 2.47 | 53.83 | 0.69 | 4.49 | 7.87 | (3.70) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 58.95 | 65.62 | 315.83 | 206.80 | 221.52 | 178.47 | 119.52 |
Board of Directors of Shardul Securities Limited
Shardul Securities has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundaresan Ramamoorthy | Whole-Time Director | 16 Sep 1998 | 28 Years 1 Months | Current |
| Yogendra Chaturvedi | Whole-Time Director | 05 Feb 2016 | 10 Years 8 Months | Current |
| Lalit Kantilal Shah | Director | 06 Jun 2019 | 7 Years 4 Months | Current |
| Devesh Dinanath Chaturvedi | Director | 01 Sep 2024 | 2 Years 1 Months | Current |
| Vishnu Dutt | Director | 01 Sep 2024 | 2 Years 1 Months | Current |
| Seshagiri | Director | 01 Sep 2024 | 2 Years 1 Months | Current |
Peer Comparison of Shardul Securities Limited
Shardul Securities Limited is compared with the companies closest to it by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shardul Securities Limited this company | ₹15.98 Cr (FY 2026) | •••• | •••• | -74.5% | •••• | Mumbai, Maharashtra, India |
| Dorite Tracon Pvt Ltd | ₹6.95 Cr (FY 2021) | •••• | •••• | 25.0% | •••• | Kolkata, West Bengal, India |
| Tirupati Finvest Private Limited | ₹6.94 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Kolkata, West Bengal, India |
| G. K. & Sons Pvt Ltd | ₹6.94 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
| Suptaswar Investments and Trading Company Limited | ₹6.93 Cr (FY 2019) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Ashwamedh Properties Pvt Ltd | ₹6.92 Cr (FY 2023) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Jewel Rock Hire Purchase and Leasing Private Limited | ₹6.89 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Kizhakkumpattumpattukara, Kerala, India |
| Leo Portfolios Private Limited | ₹6.88 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Poonawalla Credit Private Limited | ₹6.88 Cr (FY 2020) | •••• | •••• | 396.0% | •••• | Pune, Maharashtra, India |
| Coffers Finvest Limited Listed | ₹6.86 Cr (FY 2019) | •••• | •••• | -48.0% | •••• | Mumbai, Maharashtra, India |
| Vibhuti Integrated Finance Private Limited | ₹6.86 Cr (FY 2025) | •••• | •••• | 249.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Shardul Securities by revenue in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shardul Securities Limited
Shardul Securities Limited is audited by J. Kala & Associates for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J. Kala & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of Shardul Securities Limited
Shareholding for the quarter ended Sep 2026: promoters hold 74.80%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 24.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.80% | 74.80% | 74.80% | 74.80% |
| Public | 25.20% | 25.20% | 25.20% | 25.20% |
Charges & Borrowings of Shardul Securities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2025 | Hdfc Bank Limited | ₹1.41 Cr | Open |
| 10 Feb 2025 | Hdfc Bank Limited | ₹56 Lakh | Open |
| 16 Dec 2023 | Hdfc Bank Limited | ₹30.26 Lakh | Open |
| 31 Oct 2023 | Others | ₹10 Cr | Open |
| 10 Jan 2006 | Indian Overseas Bank | ₹3 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Shardul Securities Limited
Shardul Securities Limited has 7 deals on record (7 market trades); the latest was in August 2026.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹4.26 Cr | Buyer: Reckon Trading Private Limited |
| Mar 2017 | Market trade | ₹4.36 Cr | Buyer: Angular Trading Private Limited , 2 individuals Seller: Reckon Trading Private Limited , an individual |
| Mar 2017 | Market trade | ₹52.33 Cr | Buyer: A to Z Broking Services LLP , 3 individuals Seller: Chaturvedi & Shah Consulting LLP , 3 individuals |
| Mar 2013 | Market trade | ₹47.4 Lakh | Seller: Pilot Consultants Private Ltd. |
| Jan 2013 | Market trade | ₹4.25 Cr | Buyer: Pilot Consultants Private Ltd. Seller: Amrabathi Investra Pvt Ltd |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Shardul Securities Limited
Shardul Securities Limited has 5 court cases on record: 2 filed by Shardul Securities, 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax, Circel 3 (3)(1), Mumbai, and 3 Ors | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax, Circle 3(3)(1) and 3 Ors | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Commissioner of Income Tax -3 Mumbai | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Shardul Securities Limited
Shardul Securities Limited has a workforce of 6 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Shardul Securities Limited
Shardul Securities has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Shriyam Realtors Private Limited | U65999GJ2016PTC094725 | - |
| Shriyam Broking Intermediary Limited | U67120MH1994PLC081401 | - |
Showing major subsidiaries. Total: 2.
Recent Activity on Shardul Securities Limited
Shardul Securities Limited has 32 board changes on record since 1993: 22 appointments and 10 cessations. The latest: Anshu Arvind Agarwal was appointed as Director on 20 Dec 2025.
32 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shardul Securities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shardul Securities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shardul Securities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shardul Securities Limited
Shardul Securities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS7141R1ZT | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shardul Securities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Shardul Securities Limited
Frequently Asked Questions about Shardul Securities Limited
Shardul Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 23 July 1985 (41+ years old) and is registered under CIN L50100MH1985PLC036937. Listed on BSE: 512393 and NSE: SHARDUL.
Shardul Securities reported revenue of ₹15.98 Cr for FY 2025-26 (down 74.5% YoY) based on consolidated financials.
Shardul Securities has 7 current directors:
- Sundaresan Ramamoorthy - Whole-Time Director
- Yogendra Chaturvedi - Whole-Time Director
- Lalit Kantilal Shah - Director
- Devesh Dinanath Chaturvedi - Director
- Vishnu Dutt - Director
- Seshagiri - Director
- Anshu Arvind Agarwal - Director
The GSTIN of Shardul Securities is 27AAACS7141R1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shardul Securities is L50100MH1985PLC036937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shardul Securities is listed on both BSE (code: 512393) and NSE (symbol: SHARDUL).
Shardul Securities has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
Shardul Securities was incorporated on 23 July 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Shardul Securities has 7 deals on record (7 market trades); the latest was in August 2026.
The peers of Shardul Securities by revenue are Dorite Tracon Pvt Ltd, Tirupati Finvest Private Limited, G. K. & Sons Pvt Ltd, Suptaswar Investments and Trading Company Limited, Ashwamedh Properties Pvt Ltd and 5 more, all in the BFSI industry (Large NBFC, Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies).
Anshu Arvind Agarwal was appointed as Director on 20 Dec 2025. Gyanchand Pipara was appointed as Additional Director on 12 Nov 2025. Charul Devendra Abuwala ceased to be Director on 12 Sep 2024. Shardul Securities has 32 board changes on record in total.