Share India Securities to raise overseas Foreign Currency Convertible Bonds up to USD 50 million

Share India Securities Limited is preparing a fresh overseas fund raise after securing shareholder consent for Foreign Currency Convertible Bonds worth up to USD 50 million. The approval came at the first Extra-Ordinary General Meeting for FY 2025-2026, held on 17 December 2025, and allows the issue in one or more tranches.

The company informed stock exchanges that the special resolution permits issuance of FCCBs, with finer terms to be decided later. Pricing, interest, tenure, and conversion features will be fixed by the Finance Committee at the time of launch and then disclosed to exchanges, in line with applicable laws and regulatory rules.

Share India Securities has expanded its scale over the past decade, with revenue rising from modest mid-2010s levels to Rs 1,449 crore in FY2025. Revenue had touched Rs 74 crore in FY2016 and climbed to a peak of Rs 1,483 crore in FY2024, before easing slightly in FY2025 and standing at Rs 1,264 crore on a trailing twelve-month basis.

The pattern of growth can be seen clearly in the company’s reported figures over time, with recent years showing the largest jumps in activity.

Financial Year	Revenue (Rs crore)
FY2016	74
FY2024	1,483
FY2025	1,449
TTM	1,264

Operating profit moved from Rs 14 crore in FY2016 to Rs 657 crore in FY2024, then moderated to Rs 517 crore in FY2025 and about Rs 481 crore on a TTM basis. Operating margins, which were once around 45-49%, stood near 36% in FY2025 and roughly 38% on trailing numbers, reflecting some pressure compared to peak levels.

Net profit at Share India Securities followed a similar path, improving from Rs 6 crore in FY2016 to Rs 426 crore in FY2024. Profit then declined to Rs 328 crore in FY2025 and further to about Rs 278 crore TTM, according to Screener data. Reported EPS was Rs 22.22 in FY2024, Rs 15.01 in FY2025 and Rs 12.72 on a trailing basis.

Despite the recent softening in TTM figures, Screener’s metrics still show strong medium-term compounding for the company. The data reflects about 45% compound annual growth in sales over five years and roughly 51% compound annual growth in profit over the same period, suggesting that the longer-term trajectory remains robust despite near-term market-related fluctuations.

Share India Securities has also distributed cash to shareholders several times during 2025. The company announced four dividends across the year, including three interim payouts and one final dividend, with record dates spread between February and November 2025.

Dividend Type	Amount (Rs/share)	Record Date
1st Interim Dividend	0.20	03/02/2025
2nd Interim Dividend	0.30	05/08/2025
Final Dividend	0.25	10/09/2025
4th Interim Dividend	0.40	06/11/2025

Founded in 1994, Share India Securities, also referred to as SISL, operates as an Indian financial services firm with multiple business lines. The company is registered with SEBI as a Category-1 Merchant Banker and provides advisory services, while also being active in broking and broader financial market activities across domestic segments.

The planned FCCB fund raising positions Share India Securities to access foreign currency capital following a phase of strong multi-year growth and regular shareholder payouts. Investors will be watching the final FCCB structure, as decided by the Finance Committee, alongside how the company balances expansion plans with recent moderation in margins and earnings.