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Shardul Securities Limited (512393) Fair Value & Analysis

Other · IN · Market cap ₹790M

SS Shardul Securities Limited 512393 · BSE
Price₹27.36
Fair Value₹34.27
Upside+25.3%
Quality30/100
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Evidence: Low Range ₹17.14 – ₹51.41

Fair value as of: Jul 4, 2026

From 3 valuation models · updated today

Share price −2.9% over the past month.

Price vs Fair Value (12 months)

₹57.55 ₹21.56 Fair Value ₹34.27 Jul 2025 Jul 2026

12‑month range ₹21.56 – ₹57.55 · fair‑value band ₹17.14 – ₹51.41 · the ₹27.36 price screens below the ₹34.27 fair value. As of Jul 4, 2026.

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Analysis

Shardul Securities Limited (512393) currently trades at ₹27.36, while our model-based Fair Value estimate is ₹34.27 — implying the stock looks roughly 25.3% undervalued today. We read business quality at 30/100 (below-average quality), in the Other sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Shardul Securities Limited generated revenue of ₹109M at a net margin of 16.3%. Revenue grew 164.2% year over year. Net debt stands at ₹2.7B. The stock trades on a trailing P/E of 40.8. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹109M
Revenue growth (YoY) +164%
Net margin 16.3%
Free cash flow −₹257M FY2026
P/E ratio 40.8
Operating margin 72.7%
More key figures
EPS (TTM) ₹1.02
Dividend yield 1.3%
Net debt ₹2.7B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Shardul Securities Limited engages in investment banking activities in India. It operates through Investment and Finance Activities, and Others Activities segments. The company engages in the investment in equity, debt, and merchant banking; and IPO funding and advisory services, as well as broking activities. It also involved in real estate activities. Shardul Securities Limited was incorporated in 1985 and is based in Mumbai, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shardul Securities Limited reported revenue of ₹141M in FY2026 versus ₹121M in FY2022, a compound +4.0%/yr. Reported net income was −₹491M in FY2026.

Revenue +4.0%/yr
FY22 ₹121M
FY23 ₹66.2M
FY24 ₹1.7B
FY25 ₹626M
FY26 ₹141M
Net income
FY22 ₹96.3M
FY23 ₹22.1M
FY24 ₹978M
FY25 ₹330M
FY26 −₹491M

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Frequently asked questions

Is Shardul Securities Limited (512393) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹34.27 versus a price of ₹27.36 — about +25% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 512393?
Our model-based fair value for Shardul Securities Limited is ₹34.27 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹27.36.
What is the quality score of 512393?
Shardul Securities Limited has a Quality Score of 30/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shardul Securities Limited (512393)?
Shardul Securities Limited reported trailing-twelve-month revenue of about ₹109M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 512393?
The net profit margin of Shardul Securities Limited is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.
Does Shardul Securities Limited pay a dividend?
Shardul Securities Limited currently shows a dividend yield of about 1.30% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.