Stockbroking and allied company, Shardul Securities has only positive fundamentals to trade on BSE and NSE, as per the latest data. This stock reported a 5% upside in its latest weekly performance, while it is racing towards its 52-week high of Rs 556.85 apiece. From its price-to-equity ratio to earnings and debt-to-equity ratio, Shardul Securities has shown resilient fundamentals. The stock will be in trend ahead due to its first-ever stock split in the ratio of 1:5.
Shardul Securities Share Price:
On BSE, the broking stock ended at Rs 444 apiece, up by 1.4% after market hours of January 3rd, with a market cap of Rs 444.00 crore. Its weekly performance is up by nearly 5%. While in six months, the stock zoomed by 79%, and its year-to-date performance is up by 3%.
The stock's 52-week high and low are at Rs 556.85 apiece and Rs 147.65 apiece respectively on BSE.
Shardul Securities Stock Split:
The company has fixed Monday, January 13, 2025, as the "Record Date" for determining entitlement of Equity Shareholders for sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each, fully paid-up.
The stock split ratio is 1:5. This will be Shardul Securities' first-ever stock split.
Shardul Securities Fundamentals Attractive:
As per Trendlyne data, all key parameters to the stock analysis of Shardul Securities are in green. These are:
- Annual Revenue rose 2,515.47%, in the last year to ₹173.71 Cr. Its sector's average revenue growth for the last fiscal year was 27.15%.
- Annual Net Profit rose 4,331.57% in the last year to ₹97.81 Cr. Its sector's average net profit growth for the last fiscal year was 27.08%.
- Price to Earning Ratio is 3.89, lower than its sector PE ratio of 21.
- Stock Price rose 161.18% and outperformed its sector by 139.63% in the past year.
- Quarterly Revenue rose 34.31% YoY to ₹40.11 Cr. Its sector's average revenue growth YoY for the quarter was 15.55%.
- Quarterly Net profit rose 62.04% YoY to ₹28.75 Cr. Its sector's average net profit growth YoY for the quarter was 10.32%.
- Debt to Equity Ratio of 0.01 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Return on Equity(ROE) for the last financial year was 14.57%, in the normal range of 10% to 20%.
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Interest Coverage Ratio is 434.07, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Share Holding stayed the same in the most recent quarter at 74.84%.
- Promoter Pledges are zero.
About Shardul Securities:
Shardul Securities Limited (Formerly known as Shriyam Securities & Finance Limited) is a Flagship Company of the Shriyam Group promoted by a young team of Chartered Accountants with immense experience in the Finance Industry. The Company was promoted with the view to catering to the financial requirements of the manufacturing and servicing industry by way of lease finance.
However, due to a change in policies, the focus of the company shifted to investment banking activities and the company is presently engaged in investment in Equity / Debt / Merchant Banking / IPO Funding / Advisory Services and Broking Activities. To cater to and excel in these key areas the Group has also floated a Wholly Owned Subsidiary Company named "Shiryam Broking Intermediary Limited" which is primarily into Broking activities.
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