Share India Sec.

₹1653.2 -43.4 | 2.6%

WEBSITE BSE:540725 NSE : SISL 10 May, 16:01

Market Cap ₹6424 Cr.

Stock P/E 13.2

P/B 3.6

Current Price ₹1653.2

Book Value ₹ 457.2

Face Value 10

52W High ₹2040

Dividend Yield 0.54%

52W Low ₹ 1170

Edit Ratio

Share India Sec. Research see more...

Overview Inc. Year: 1994Industry: Finance - Stock Broking

Share India Securities Ltd is an primarily India based corporation. The Company is engaged inside the enterprise of share broking and trading services in equity, future and options and forex derivatives segments. The Company also offers the offerings as a depository participant, research analyst, and mutual fund consultant/distributor. The Company provides personalized exchange and execution offerings along side real-time information to its clients. The Company gives numerous alternatives of investments in mutual funds, and tax saving ELSS Schemes.

Share India Sec. Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Share India Sec. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	201	293	231	240	277	341	277	366	374	465
Other Income	2	2	3	3	3	3	1	2	2	1
Total Income	203	295	233	243	280	344	279	368	375	467
Total Expenditure	132	182	142	131	136	187	153	190	191	292
Operating Profit	71	112	91	112	144	157	126	178	184	175
Interest	6	8	10	14	18	15	15	17	28	30
Depreciation	2	3	3	3	3	3	3	3	4	4
Exceptional Income / Expenses	0	0	0	0	1	0	0	0	-1	0
Profit Before Tax	63	101	78	95	124	138	108	157	151	141
Provision for Tax	14	25	19	23	32	31	26	45	36	25
Profit After Tax	49	76	59	72	93	107	82	113	115	116
Adjustments	0	-1	-0	-0	-0	-1	-0	0	-0	-0
Profit After Adjustments	49	75	59	72	92	106	82	113	115	116
Adjusted Earnings Per Share	15.2	23.4	18.3	22.2	28.6	32.7	25.1	34.5	35.1	30.2

Share India Sec. Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	70	106	133	195	226	448	862	1088	1482
Other Income	4	4	7	12	2	6	9	11	6
Total Income	74	110	140	207	229	454	871	1100	1489
Total Expenditure	60	93	110	155	156	321	558	596	826
Operating Profit	14	17	31	53	73	133	313	504	663
Interest	3	3	5	11	18	25	32	58	90
Depreciation	2	2	2	5	4	4	9	12	14
Exceptional Income / Expenses	0	0	0	0	0	0	-7	1	-1
Profit Before Tax	9	12	23	37	51	103	265	436	557
Provision for Tax	3	4	8	12	11	23	64	105	132
Profit After Tax	6	8	15	25	40	81	202	331	426
Adjustments	0	0	0	0	1	0	-1	-2	0
Profit After Adjustments	6	8	15	25	41	81	201	329	426
Adjusted Earnings Per Share	3.4	4.3	6.2	10.1	12.7	25.1	62.5	101	124.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	69%	52%	0%
Operating Profit CAGR	61%	90%	75%	0%
PAT CAGR	64%	102%	86%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	35%	63%	87%	NA%
ROE Average	53%	48%	38%	34%
ROCE Average	54%	49%	39%	36%

Share India Sec. Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	25	33	73	158	193	280	447	1005
Minority's Interest	0	0	0	0	0	0	11	13
Borrowings	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	0	0	-5	-7	-7	3	3
Total Current Liabilities	52	70	85	183	266	580	1029	819
Total Liabilities	82	104	159	336	453	853	1490	1840
Fixed Assets	8	8	8	35	33	38	50	59
Other Non-Current Assets	3	4	5	93	102	216	21	14
Total Current Assets	71	91	145	209	317	599	1419	1767
Total Assets	82	104	159	336	453	853	1490	1840

Share India Sec. Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	22	1	3	4	30	48	104	451
Cash Flow from Operating Activities	10	14	22	49	68	236	409	-263
Cash Flow from Investing Activities	-2	-20	-43	-79	-68	-146	-74	79
Cash Flow from Financing Activities	3	7	20	56	18	-33	13	174
Net Cash Inflow / Outflow	11	2	0	26	18	56	347	-10
Closing Cash & Cash Equivalent	33	3	3	30	48	104	451	441

Share India Sec. Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.37	4.28	6.24	10.15	12.7	25.1	62.53	101.04
CEPS(Rs)	4.22	5.26	7.07	12.02	13.82	26.46	65.6	105.31
DPS(Rs)	0	0	0	0	0.5	2	6	8.5
Book NAV/Share(Rs)	13.58	17.91	29.67	61.17	59.97	87.16	138.84	245.82
Core EBITDA Margin(%)	14.32	12.79	17.33	20.86	31.19	28.34	35.27	45.28
EBIT Margin(%)	18.27	14.6	21.4	24.65	30.3	28.66	34.48	45.36
Pre Tax Margin(%)	13.45	11.55	17.33	18.81	22.4	23.09	30.81	40.06
PAT Margin (%)	9.01	7.49	11.54	12.8	17.68	18.01	23.42	30.39
Cash Profit Margin (%)	11.29	9.23	13.1	15.17	19.66	19	24.49	31.49
ROA(%)	7.7	8.6	11.7	10.1	10.14	12.36	17.22	19.85
ROE(%)	24.8	27.13	28.83	22.34	23.29	34.1	55.51	53.05
ROCE(%)	27.52	28.11	33.7	26.06	23.5	35.78	57.46	53.88
Receivable days	96.95	58.84	48.6	30.48	17.46	4.51	2.62	8.01
Inventory Days	11.34	10.76	16.43	26.59	29.73	32.92	23.16	14.9
Payable days	145.84	0	0	0	0	5669.37	6353.23	0
PER(x)	0	0	16.47	7.43	3.69	10.35	19.84	10.48
Price/Book(x)	0	0	3.47	1.23	0.78	2.98	8.94	4.31
Dividend Yield(%)	0	0	0	0	1.06	0.76	0.48	0.8
EV/Net Sales(x)	-0.11	0.02	1.74	0.9	0.34	1.45	3.92	2.05
EV/Core EBITDA(x)	-0.53	0.14	7.56	3.32	1.06	4.87	10.77	4.43
Net Sales Growth(%)	0	52.63	25.1	46.79	15.87	98.03	92.34	26.3
EBIT Growth(%)	0	22.01	83.3	69.11	42.42	87.34	131.39	66.15
PAT Growth(%)	0	26.86	92.72	62.85	60.05	101.72	150.09	63.86
EPS Growth(%)	0	27.15	45.85	62.55	25.16	97.61	149.11	61.58
Debt/Equity(x)	0.83	0.92	0.43	0.71	0.65	0.42	0.42	0.24
Current Ratio(x)	1.35	1.31	1.71	1.14	1.19	1.03	1.38	2.16
Quick Ratio(x)	1.48	1.32	1.63	1.03	1.19	0.95	1.34	2.1
Interest Cover(x)	3.79	4.78	5.26	4.22	3.84	5.14	9.39	8.56
Total Debt/Mcap(x)	0	0	0.12	0.57	0.83	0.14	0.05	0.06

Share India Sec. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55.53	53.53	53.01	53.01	53.01	53.01	52.81	52.81	49.89	53.18
FII	0.63	0.44	0.58	0.65	0.44	0.68	0.93	0.97	1.66	2.68
DII	0	0.03	0	0.06	0.07	0.05	0.05	0.02	0.55	0.58
Public	43.84	46.01	46.41	46.28	46.48	46.25	46.21	46.2	47.9	43.56
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.77	1.71	1.69	1.69	1.69	1.73	1.73	1.73	1.63	2.03
FII	0.02	0.01	0.02	0.02	0.01	0.02	0.03	0.03	0.05	0.1
DII	0	0	0	0	0	0	0	0	0.02	0.02
Public	1.4	1.47	1.48	1.48	1.48	1.51	1.51	1.51	1.57	1.66
Others	0	0	0	0	0	0	0	0	0	0
Total	3.19	3.19	3.19	3.19	3.19	3.25	3.27	3.27	3.28	3.81

Pros

Company has delivered good profit growth of 85% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 48%
Debtor days have improved from 6353.23 to 0days.
Company is almost debt free.

Cons

Stock is trading at 3.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.