Shardul Securities Limited (512393) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shardul Securities Limited ₹108, price ₹57.76, upside +87.7%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Shardul Securities Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹9.40 – ₹111.37 · fair‑value band ₹81.30 – ₹135.50 · the ₹57.76 price screens below the ₹108.40 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Follow Shardul Securities in your weekly email
Every Wednesday you see whether Shardul Securities is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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.
Stock analysis
Shardul Securities Limited (512393) currently trades at ₹57.76, while our model-based Fair Value estimate is ₹108.40, implying the stock looks roughly 46.7% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 4 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹81.30 (bear) to ₹135.50 (bull), the price of ₹57.76 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap ₹790M (≈ $8.2M) · P/E ratio 40.8 · P/S ratio 7.25 · EPS (TTM) ₹1.02 · Dividend yield 1.0% · Net margin 16.3% · Return on assets (EBIT) 5.3% · Operating margin 72.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 168% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 88%, 512393 screens cheaper than that median.
Fair Value models
Bear ₹81.30Fair Value ₹108.40Bull ₹135.50
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.2120 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.5/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−77.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.7%
Start year 2021 (pandemic)
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
’14
’15
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
86.0% (2021) → −358.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Shardul Securities Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 462 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside+10.6% · Above median
Profitability
Return on assets0.4% · Below median
Net margin (TTM)16.3% · Below median
Operating margin (TTM)72.7% · Top 25%
Growth and dividend
Revenue growth164.2% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.42× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Shardul Securities Limited (512393) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹108.40 versus a price of ₹57.76, about +88% upside (undervalued).
What is the fair value of 512393?
Our model-based fair value for Shardul Securities Limited is ₹108.40 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹57.76.
What is the quality score of 512393?
Shardul Securities Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shardul Securities Limited (512393)?
Our model-based price target is the fair value of ₹108.40 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario ₹81.30, optimistic scenario ₹135.50. It is a calculation from audited fundamentals, not an analyst target.
What is the Shardul Securities Limited stock forecast for 2026?
Our models put fair value at ₹108.40, about +88% upside versus a price of ₹57.76 (undervalued). Cautious scenario ₹81.30, optimistic scenario ₹135.50. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
Does Shardul Securities Limited pay a dividend?
Shardul Securities Limited currently shows a dividend yield of about 1.04% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shardul Securities Limited (512393)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shardul Securities Limited it is ₹108.40 per share (as of Sep 24, 2026), against a price of ₹57.76. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Shardul Securities Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 512393 trades below its calculated fair value: price ₹57.76, fair value ₹108.40, a gap of about +88% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 512393?
No. The price is what the market pays today (₹57.76); the fair value is what the company's own numbers justify (₹108.40). For Shardul Securities Limited the two are ₹50.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shardul Securities Limited worth?
The market values Shardul Securities Limited at about ₹790M (market capitalisation, as of Sep 24, 2026). Per share that is ₹57.76; our models calculate a fair value of ₹108.40 per share.
What do the bullish and bearish scenarios say about 512393?
Our models span a range for Shardul Securities Limited: cautious scenario ₹81.30, base ₹108.40, optimistic ₹135.50 per share (as of Sep 24, 2026, price ₹57.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 512393?
Shardul Securities Limited trades at a price-to-earnings ratio of 40.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹108.40 is built from several models across several years.
How solid is the balance sheet of Shardul Securities Limited (512393)?
Balance-sheet figures for Shardul Securities Limited (as of Sep 24, 2026): debt of 0.42 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 512393 from its 52-week high?
Shardul Securities Limited trades at ₹57.76, at its 52-week high of ₹57.76 and 168% above the low of ₹21.56 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹108.40 is for.
Which stocks are comparable to Shardul Securities Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shardul Securities Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹57.76, calculated fair value ₹108.40 (+88%), Quality Score 30/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 512393 calculated?
We run Shardul Securities Limited through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹108.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Shardul Securities Limited currently trades 47 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shardul Securities Limited (512393)?
The closing price on Oct 1, 2026 was ₹57.76. Our model-based fair value is ₹108.40, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shardul Securities Limited right now?
The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹81.30). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Shardul Securities Limited
How large is the market capitalisation of Shardul Securities Limited (512393)?
The market capitalisation of Shardul Securities Limited is ₹790M (≈ $8.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shardul Securities Limited (512393)?
The price-to-sales ratio of Shardul Securities Limited is 7.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shardul Securities Limited (512393)?
Earnings per share at Shardul Securities Limited are ₹1.02 (price ÷ EPS = P/E 40.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shardul Securities Limited (512393)?
The dividend yield of Shardul Securities Limited is 1.0% (payout 59.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shardul Securities Limited (512393)?
The net margin of Shardul Securities Limited is 16.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Shardul Securities Limited (512393)?
On an EBIT basis the return on assets of Shardul Securities Limited is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shardul Securities Limited (512393)?
The operating margin of Shardul Securities Limited is 72.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shardul Securities Limited (512393)?
Revenue at Shardul Securities Limited is growing +164% versus a year earlier (3y avg +28.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Shardul Securities Limited (512393) generate?
The free cash flow of Shardul Securities Limited is −₹257M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shardul Securities Limited (512393) carry?
The net debt of Shardul Securities Limited is ₹2.7B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Shardul Securities Limited in the live analysis
One click puts Shardul Securities Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
